Oritel Inc
- Assets
- $930.6k
- Revenue
- $723.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 07/2009
- Data as of
- 12/2021
- EIN
- 20-8671576
Organization Overview
Oritel Inc is located in Coral Gables, FL. The organization was established in 2009. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oritel Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Oritel Inc generated $723.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $591.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE THE QUALITY OF LIFE OF HANDICAPPED CHILDREN LIVING IN LATIN AMERICAN COUNTRIES OR ANY SUCH COUNTRIES AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS FROM TIME TO TIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO FOREIGN ORGANIZATIONS FOR VARIOUS PROGRAMS THAT RELATETO PROVIDING REHABILATION SERVICES TO HANDICAPED CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Veronica Rattin Director | Trustee | 40 | $126,000 |
Nilda Morales Vice - President | Trustee | 2 | $0 |
Ximena Casarejos Director | Trustee | 4 | $0 |
Fernando Landeros Director | Trustee | 2 | $0 |
Martin Farina President | Trustee | 2 | $0 |
Edwin Rivas Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $242,165 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $481,110 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $723,275 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $723,275 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $270,126 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $126,000 |
| Compensation of current officers, directors, key employees. | $126,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,567 |
| Fees for services: Accounting | $44,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $579 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,058 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $221 |
| Insurance | $0 |
| All other expenses | $9,142 |
| Total functional expenses | $591,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $470,767 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $451,168 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $8,000 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $658 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $930,593 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $181,826 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $10,288 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $4,246 |
| Other liabilities | $0 |
| Total liabilities | $196,360 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $734,233 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $930,593 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oritel Inc has recieved totaling $800,000.
| Awarding Organization | Amount |
|---|---|
National Philanthropic Tr Jenkintown, PA PURPOSE: INTERNATIONAL | $800,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jaeb Center For Health Research Inc Tampa, FL | $6,686,378 | $30,945,662 |
Sterling Co Gadsden, AL | $10,506,531 | $30,737,112 |
Operation Hope Inc Atlanta, GA | $42,513,861 | $45,427,739 |
Academy For Classical Education Inc Macon, GA | $50,470,204 | $22,703,116 |
Big Bend Hospice Inc Tallahassee, FL | $18,913,144 | $24,736,579 |
Second Wind Programs Inc Birmingham, AL | $5,585,002 | $12,560,505 |
New Mission Systems Inc Ft Myers, FL | $7,483,097 | $11,126,012 |
Deerwood Country Club Inc Jacksonville, FL | $10,155,508 | $6,981,612 |
Archbold Expeditions Inc Venus, FL | $92,397,695 | $5,182,964 |
Reach Up Inc Tampa, FL | $1,690,303 | $4,995,945 |
Reading Edge Academy Inc Debary, FL | $6,200,470 | $4,846,330 |
Deus Spes Mea Foundation Inc Miami, FL | $23,770,835 | $1,843,877 |