Caribe Foundation Inc F/k/a Caribe Dive & Research Found

Nonprofit profile at a glance

EIN
651025089
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024, Form 990-N 2020
Location
Hialeah, FL, USA
Phone
3058213241
Rating confidence
Limited
Sector
Water Resource, Wetlands Conservation and Management

Reported finances

Expenses
$4,098
Assets
$1,017

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • SANTIAGO ALVAREZ (PRESIDENT T)

People named in this filing

  • SANTIAGO ALVAREZ (PRESIDENT T)
  • CARMEN ALVAREZ (VICE PRESIDE)
  • VIVIAN GARCIA (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Caribe dive & research foundation is an ecological organization founded by cuban americans, living in the united states, that have been forced to leave their homeland due to the oppressive regime in cuba, which have been in power for over 40 years. During this time cuban- americans have been unable to come near their beloved shores. The purpose of the caribe dive & research foundation is to establish close ties with recently arrived cuban-americans from island nation in order to guide and instruct them on how best to maintain our caribbeean sea, as well as training them in the principles for best protecting our ecosystem.

What it reported doing in 2024

Teaching diving and safety techniques and providing opportunities for certification and teaching protection of the environment

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 19
  • Transparency & Controls: NotEnoughData
  • Sustainability: 17
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 49.9%; rating input score 50

Transparency & Controls

  • Consistency checks: Limited
  • Major donor itemization: Limited

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0.25; rating input score 36; 36th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 51; 51st percentile among comparable filings

Growth

  • Program expense growth: -37% per year; rating input score 0; 27th percentile among comparable filings
  • Revenue growth: Limited
  • Asset growth: -94% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 49.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $2K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 3 of 3 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Program expense ratio scored 50/100.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 51/100.