Cedice Foundation
- Assets
- $1.0m
- Revenue
- $51.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 04/1991
- Data as of
- 12/2021
- EIN
- 52-1711334
Organization Overview
Cedice Foundation is located in Arlington, VA. The organization was established in 1991. According to its NTEE Classification (Q11) the organization is classified as: Single Organization Support, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedice Foundation 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, Cedice Foundation generated $51.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $20.3k during the year ending 12/2021. 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
PROMOTE BETTER UNDERSTANDING OF THE ECONOMIC CONCEPT OF THE FREE MARKET AND INDIVIDUAL LIBERTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CEDICE FOUNDATION IS A NON-PARTISAN FREE MARKET ORGANIZATION. ITS MAIN OBJECTIVE IS TO PROMOTE A BETTER UNDERSTANDING OF THE ECONOMIC CONCEPT OF THE FREE MARKET AND INDIVIDUAL LIBERTY. HISTORICALLY, THE FOUNDATION HAS SUPPORTED VARIOUS ACTIVITIES IN COUNTRIES WITH DEVELOPING ECONOMIES. ITS PRIMARY ACTIVITY IS TO EDUCATE THE PUBLIC IN DEVELOPING ECONOMIES WHO LACK THE TOOLS AND RESOURCES TO OBTAIN A FUNDAMENTAL KNOWLEDGE OF FREE MARKET PRINCIPLES, PRIVATE PROPERTY CONCEPTS, AND THE RIGHTS AND RESPONSIBILITIES OF INDIVIDUAL LIBERTY. PLEASE SEE SCHEDULE O FOR FURTHER DETAIL.
HISTORICALLY, OTHER ACTIVITIES HAVE INCLUDED BOOK PURCHASE PROGRAMS, PUBLICATIONS, STUDENT PROGRAMS, LIBRARY SUPPORT, ESTABLISHMENT OF ACADEMIC CHAIRS, AWARDS/RESEARCH, INTERNSHIP SUPPORT, COMMUNITY PROGRAMS, RADIO PROGRAMMING, ECONOMIC ORIENTATION FOR JOURNALISTS, INDEX OF ECONOMIC FREEDOM PARTICIPATION, AND VIDEO DOCUMENTARY PRODUCTION.
CEDICE VENEZUELA, IN CONJUNCTION WITH ATLAS NETWORK, LAUNCHED THE LIBERTY ROAD SHOW, PARTS I AND II. FOUR THOUSAND COPIES OF THE BOOK BY ANTONELLA MARTY, "CAPITALISM: AN ANTIDOTE AGAINST POVERTY," WERE PUBLISHED AND DISTRIBUTED THROUGHOUT VENEZUELA. MS. MARTY HELD MEDIA INTERVIEWS AND VISITED THREE MAIN CITIES IN THE COUNTRY TO MEET WITH UNIVERSITY STUDENTS, BUSINESS SECTOR PARTICIPANTS AND ENTREPRENEURS, AND UNIVERSITY LEADERS. THE FOCUS HAS BEEN ON YOUTH ENGAGEMENT. IN ANOTHER PARTNERSHIP EFFORT, CEDICE PRODUCED A STUDY ON COVID-19 AND ITS EFFECTS ON THE ECONOMY. THIS EFFORT WAS UNDERTAKEN WITH THE PARTICIPATION OF OTHER LATIN AMERICAN THINK TANKS WHO PRODUCED STUDIES FOR THEIR CORRESPONDING COUNTRIES. THE STUDIES INCLUDED POLICY RECOMMENDATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paulette L Castillo President/asst.treas | OfficerTrustee | 1 | $0 |
Dr Alejandro A Chafuen Vice President/secretary | OfficerTrustee | 1 | $0 |
Ian Vasquez Vice President | OfficerTrustee | 1 | $0 |
Ana Luisa Perez Luzardo Treasurer | OfficerTrustee | 1 | $0 |
Luis H Ball Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,000 |
| Total Program Service Revenue | $0 |
| Investment income | $20,423 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,054 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,369 |
| 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 | $2,256 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Accounting | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,498 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $329 |
| Insurance | $0 |
| All other expenses | $10,000 |
| Total functional expenses | $20,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $177,828 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $601 |
| Investments—publicly traded securities | $850,366 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,028,795 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $992,820 |
| Net assets with donor restrictions | $35,975 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $1,028,795 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cedice Foundation has recieved totaling $27,200.
| Awarding Organization | Amount |
|---|---|
Atlas Economic Research Foundation Arlington, VA PURPOSE: Economic education | $27,200 |
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Business & Education As Mission Rockville, MD | $1,237,535 | $97,979 |
International Christian Community- Eurasia Inc Bethesda, MD | $557,796 | $514,635 |