2024-08-16T09:56:13-07:00 2023-12-31 661028218 VEGA PALAU LLC 87 ROMERILLO ST 2ND FLOOR SAN JUAN RQ 990 2023-01-01 660804845 FUNDACION CORTES INC FUND 7877547040 PO BOX 363626 SAN JUAN PR 009363626 IGNACIO CORTES PRESIDENT 7877547040 2024-07-11 true true RICARDO RUIZ P01352808 7877223814 2024-08-16 2023 2024-08-08 14:25:15Z FUNDACION CORTES INC IGNACIO CORTES PO BOX 363626 SAN JUAN PR 009363626 618709 false X N/A X 2013 PR PROMOTE EDUCATIONAL AND ARTISTIC ACTIVITIES 6 4 16 5 0 0 555418 618709 0 0 0 0 555418 618709 0 0 242603 212739 0 30362 394912 325296 637515 538035 -82097 80674 93460 283691 109129 218686 -15669 65005 PROMOTE EDUCATIONAL AND ARTISTIC ACTIVITIES false false 223673 0 618709 Promote educational and artistic activities for the general public ant to promote Caribbean art and culture through education. All the Organizatios activities are aimed at raising funds to enable it to accomplish its educational goals. In addition the major educational programs and activities conducted by the Organization are: . Educa Cortes - provides educational programs leading to increased appreciation of art to complement academic standards and expectations on all school subjects and or requested themes, and to provide healing through art activities. This is accomplished through educational workshops, both for adults and school age youth. . Afternoons of Art and Music - programs for the development of appreciation for varied expressions of Caribbean music and instruments. . Cortes Summer Art Workshops for Youth-mosaic, drawing, engraving, painting, and digital filmmaking summer workshops for 8-17 year old students. . Educa Cortes: The Art of Wellness and Mental Health-through this new programmatic element, the Organization integrates many forms of arts to promote the values that it believes must be prioritized in Puerto Rico; education, culture, passion, sense of responsibility, self-sufficiency, dignity, identity and social justice. 223673 true false false false false false false false false false true false false false false false true false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false 0 0 16 true false false false false false false false false false false false false false X 6 4 true false false false false true false true true false false true false false false false false false X IGNACIO CORTES 7877547040 PO BOX 363626 PUERTO RICO RQ X IGNACIO CORTES-GELPI PRESIDENT & TREASURER 4.00 X 0 0 0 ELAINE SHEHAB SECRETARY 4.00 X 0 0 0 EVA DIAZ ACEVEDO DIRECTOR 1.00 X 0 0 0 JAVIER CORTES GONZALEZ DIRECTOR 1.00 X 0 0 0 ADLIN RIOS RIGAU DIRECTOR 1.00 X 0 0 0 ALBERTO BACO BAGUE DIRECTOR 1.00 X 0 0 0 SORAYA RODRIGUEZ VAZQUEZ DIRECTOR 1.00 X 0 0 0 false false false 225 618484 196800 618709 225 0 0 0 0 0 618709 0 0 0 187253 134711 24990 27552 25486 15337 7339 2810 24000 0 24000 0 3010 0 3010 0 172800 0 172800 0 985 0 985 0 3221 0 3221 0 BANK CHARGES 2534 0 2534 0 UTILITIES 15323 0 15323 0 REPAIRS AND MAINTENANCE 11167 0 11167 0 CONTRACTED SERVICES 23488 9445 14043 0 68768 64180 4588 0 538035 223673 284000 30362 44991 145981 41916 133766 5195 3571 17378 17005 1358 373 93460 283691 109129 218686 109129 218686 X -15669 65005 -15669 65005 93460 283691 X 80674 X false false false X 0 0 472148 551768 540782 555418 618709 2738825 0 0 0 472148 551768 540782 555418 618709 2738825 0 0 0 2738825 4520 4520 2743345 0.99840 0.00000 X Pt III Ln 12 Other Income Part III, Line 12 Description: RENT INCOME 2019: 4520. 17378 17005 373 373 618709 618709 618709 538035 538035 538035 CHOCOLARTE INC PRESIDENT IS OWNER 172800 IN-KIND RENT CHARGED false IGNACIO CORTES-GELPI PRESIDENT 30153 CASH DONATIONS false CORTES HERMANOS LLC PRESIDENT IS OWNER 18000 IN-KIND SERVICES PROVIDED false CHOCOLARTE INC PRESIDENT IS OWNER 172800 RENT RECEIVED false Pt VI, Line 11b THE ORGANIZATION PROVIDED A COMPLETE COPY OF THIS FORM 990 TO ALL OF ITS MEMBERS. THE COPIES WERE SENT BY MAIL OR DELIVERED PERSONALLY. Pt VI, Line 1a THERE ARE NO DIFFERENCES IN VOTING RIGHTS AMONG MEMBERS OF THE ORGANIZATION. Pt VI, Line 19 THE ORGANIZATION DOES NOT HAVE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC DURING THE TAX YEAR. Pt VI, Line 2 MR. IGNACIO CORTES-GELPI IS THE PRESIDENT AND TREASURER OF THE ORGANIZATION. HIS WIFE, MRS. ELAINE SHEHAB, IS THE SECRETARY. Pt VI, Line 6 THE ORGANIZATION HAS MEMBERS. NO STOCKHOLDERS. Pt VI, Line 7a MR. IGNACIO CORTES-GELPI, PRESIDENT AND TREASURER OF THE ORGANIZATION, HAS THE POWER TO ELECT OR APPOINT MEMBERS OF THE GOVERNING BODY. Pt VI, Line 8a THE ORGANIZATIONS GOVERNING BODY DOCUMENTS ALL OF THE MEETINGS HELD DURING THE YEAR. Pt VI, Line 8b THE ORGANIZATION DOES NOT HAVE ANY COMMITEES. ALL THE MEETINGS HELD DURING THE YEAR WERE DOCUMENTED BY ITS GOVERNING BODY. Pt XI PPP FORGIVENESS Form 990, Part IX, Line 24e OTHER ACTIVITIES COSTS 1559. 0. 1559. 0. Form 990, Part IX, Line 24e OTHER MISCELLANEOUS EXPENSES 3029. 0. 3029. 0. Form 990, Part IX, Line 24e MATERIALS AND OTHER DIRECT COSTS 64180. 64180. 0. 0.