Overview
What is Sucede Inc?
Sucede Inc is a nonprofit organization based in Key Biscayne, Florida, dedicated to promoting social investment in Latin America, particularly South American countries, for sustainable development. Their initiatives mainly involve mobilizing funds to finance result-oriented projects, aiming to create a positive social impact for disadvantaged individuals and their communities. Among these projects, Sucede Inc supports educational institutions like the Museo de Arte de Lima (MALI), which offers art and cultural education to over 10,000 students annually. They also fund Sol y Luna School, a center that provides education, nutrition, and care for vulnerable children in Urubamba, Cusco, Peru. Additionally, Sucede Inc supports Fundacion Ninos del Arciris, an organization that offers quality education, medical care, and nutrition to vulnerable children in the region of Urubamba, as well as vocational education in fields such as information technology and hospitality.
Official website here: www.sucede.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
Sucede Inc received a low rating of 56%, which signifies several areas of concern regarding its accountability and financial practices. The organization lacks independent board members, scoring 0% in that category, which raises questions about governance and oversight. While the charity has demonstrated a strong program expense ratio of 97.86%, indicating that almost all expenses are directed towards its programs, the absence of various essential policies undermines its overall accountability.
Key strengths include a clean record with no material diversion of assets and a good liabilities to assets ratio of 0.00%. However, the absence of critical documents such as a conflict of interest policy, whistleblower policy, and document retention policy adversely affects its rating. Furthermore, the failure to post its tax form on its website reflects a lack of transparency that is essential for building trust with donors and stakeholders.
In summary, while Sucede Inc shows a commitment to its programs, significant governance and transparency issues must be addressed to improve its standing and accountability. Donors may want to consider these factors when deciding to support this organization.
This AI summary has been generated from information found on Charity Navigator.
Is Sucede Inc legitimate?
Sucede Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sucede Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.sucede.org
What is the mission statement of Sucede Inc?
Sucede Inc's mission is to promote and facilitate social investment in Latin America, with a focus on South American countries. Their goal is to support the region's sustainable development by mobilizing funds for result-oriented projects that can produce positive social change for poor and excluded individuals and their communities. The organization aims to create opportunities that can enhance the well-being and livelihoods of vulnerable populations. During 2019, Sucede Inc supported various initiatives, including cultural organizations, educational programs, and a hospice for terminally ill children. These projects are designed to provide essential services, such as education, medical care, nutrition, and emotional support, to those in need.
Official website here: www.sucede.org
Who is the CEO of Sucede Inc?
Carolina Llosa is the Director of Sucede Inc.
Official website here: www.sucede.org
What is the revenue of Sucede Inc?
Sucede Inc's revenue in 2022 was $878,119.
Official website here: www.sucede.org
Who are the executives of Sucede Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
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- Other: $0
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Official website here: www.sucede.org
Where can I find the form 990 for Sucede Inc?
Sucede Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sucede.org
Learn more at the official website: www.sucede.org
Mission Statement of Sucede Inc
Sucede Inc, a dedicated organization, aims to promote and facilitate social investment in Latin America, with a particular focus on South American countries. Their mission is to support the region's sustainable development by mobilizing funds to finance result-oriented projects. These projects are designed to produce positive social change for poor and excluded individuals and their communities. By investing in these initiatives, Sucede Inc strives to bring about a significant impact on people's lives, helping them overcome challenges and contribute to their communities' growth. The organization's efforts are geared towards making a difference in society, fostering development, and improving the living conditions of those who are often overlooked.
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Impact
July, 2024
Sucede Inc's impact is significant as it plays a crucial role in promoting and facilitating social investment in Latin America, particularly in South American countries. By mobilizing funds to finance result-oriented projects, Sucede Inc is able to support the sustainable development of the region and create positive social change for poor and excluded individuals and their communities. Through initiatives like supporting museums, schools for vulnerable children, hospice facilities, and promoting contemporary art, Sucede Inc is actively contributing to education, healthcare, cultural enrichment, and social welfare in the region. This demonstrates the organization's commitment to improving the lives of those in need and fostering a more inclusive and thriving society in Latin America.
This information is meant to be a general summary of Sucede Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $878,119
Assets and Liabilities:
- Total Assets: $11,135
- Total Liabilities: $0
- Net Assets: $11,135
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Organization Details
Phone
(305) 692-0141Principal Officer
Carolina Llosa
Main Address
290 CRANWOOD DRIVE, KEY BISCAYNE, FL, 33149
Website
www.sucede.orgNTEE Category
Code: T30 - Philanthropy
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