2024-07-01T10:40:17-07:00 2023-09-30 990 2022-10-01 660425840 INSTITUTO SOCIO-ECONOMICO COMUNITARIO INC INST 7877635230 PO BOX 363666 SAN JUAN PR RQ 00936-3666 JOSE M BAEZ ESCRIBANO EXECUTIVE DIRECTOR 7877635230 2024-02-05 JOSE M BAEZ ESCRIBANO 999009999 1 1 11 0 AAL2 2022 2023-04-26 12:10:37Z JOSE M BAEZ ESCRIBANO PO BOX 363666 SAN JUAN PR 009363666 10401060 0 X www.insec.org X 1985 PR It was created to encourage the overcoming of poverty through the provision of integrated services with technical and educational tools that promote economic and social self-sufficiency of individuals, family and communities of low income in Puerto Rico. 18 18 59 0 0 0 23369389 10400502 0 0 153 558 0 0 23369542 10401060 0 0 0 0 2473370 2364373 0 0 0 20847340 8078245 23320710 10442618 48832 -41558 6047369 8573141 5680425 8247753 366944 325388 Encourage the overcoming of poverty through the provision of integrated services with technical and educational tools that promote economic and social self-sufficiency of individuals, family and communities of low income in Puerto Rico. 0 0 9154167 10333349 CSBG program, promotes the overcoming of poverty of individuals, families and low-income communities in Puerto Rico, with the integration of technical tools, social, economic and educational. This is accomplished through the following programs: On the Job Training; Emergency Services, Community Development and Economic Development. 22 22 CDBG promotes a better life environment through Housing Rehabilitation of low income communities in the municipality of Mayagüez. 0 67689 Contributions with donor-imposed restrictions are recorded as increases net assets with donor restriction, depending on the nature of the restriction. 0 0 0 9154189 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 59 1 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 0 PR X Finance Department 7877635230 PO BOX 363666 SAN JUAN PR RQ 00936-3666 Jose M Baez Escribano Executive Director ( Present March 2023) 40 X 37046 0 0 Laysha M Seguinot Mendez Executive Director (Ending January 2023) 40 X 23884 0 0 Harry O Vega Diaz President 0 0.00 X 0 0 6075 Nelson E Galarza Vega Vice-President 0 0 X 0 0 5500 Suleira M Quinones Fontanez Treasury 0 0 X 0 0 5350 Jose Rodriguez Otero Vocal 0 0 X 0 0 4550 Ruth N Laboy Ares Secretary 0 0 X 0 0 4150 Diana Santiago Olivares Vocal 0 0 X 0 0 3650 Irma E Castro Dieppa Sub-Treasury 0 0 X 0 0 3575 Luis A Otero Diaz Vocal 0 0 X 0 0 2850 Efrain Colon Cabeza Vocal 0 0 X 0 0 2325 Jose A Marcano Figueroa Vocal 0 0 X 0 0 2325 Alexis Correa Allende Vocal 0 0 X 0 0 1250 Angel B Gonzalez Damudt Sub-Treasury 0 0 X 0 0 0 Gabriel Hernandez Vocal 0 0 X 0 0 0 William Alicea Perez Vocal 0 0 X 0 0 0 Alfredo Alejandro Carrion Vocal 0 0 X 0 0 0 Pedro J Garcia Figueroa Vocal 0 0 X 0 0 0 Annette Ramos Velazquez Vocal 0 0 X 0 0 0 60930 0 41600 0 0 0 0 0 0 0 0 0 10400502 0 0 10400502 0 558 558 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10401060 558 0 0 102530 102530 1802235 1234747 567488 3649 871 2778 232531 151355 81176 223428 148369 75059 8131 8131 17532 17532 228588 70804 157784 57878 49176 8702 59891 59891 90601 90601 PROGRAM SERVICES 6713811 6713811 0 0 RENT BUILDING 532130 463877 68253 0 CONSUMABLE MATERIALS 77254 57938 19316 0 UTILITIES AND EQUIPMENT 168987 139799 29188 123442 123442 10442618 9154189 1288429 0 626738 1351794 5185665 5885198 38543 20750 2813630 2674211 196423 139419 1175980 6047369 8573141 2302326 3562860 25159 3352940 3495629 1189264 5680425 8247753 X 366944 325388 0 0 366944 325388 6047369 8573141 -41558 0 0 0 2 0 X 1 X 0 1 1 1 X 9518140 9560268 11580796 23369542 10401060 64429806 9518140 9560268 11580796 23369542 10401060 64429806 1288596 63141210 64429806 0.98000 0.98000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 1042672 0 908013 134659 1770958 0 1766198 4760 139419 OPERATING LEASE RIGTH-OF-USE ASSET(NET) & FINANCING LEASE RIGTH-OF-USE ASSET (NET) 1175980 1175980 OPERATING LEASE LIABILITY & FINANCING LEASE LIABILITY 1189264 1189264 Form 990, Part VI, Section A, Line 8a Form 990, Part VI, Section A, Line 8a - Every meeting of the Board of Directors is documented and recorded in a minute for the record. Form 990, Part VI, Section A, Line 8b Form 990, Part VI, Section A, Line 8b - All committee is composed under the Board of Directors of the organization. Form 990, Part VI, Section B, Line 11b Form 990, Part VI, Section B, Line 11b - Every document presented to the Board of Directors is expressed out loud and this is recorded, that after the meeting the Secretary of the Board can transcribe it in minutes. Form 990, Part VI, Section B, Line 12c Form 990, Part VI, Section B, Line 12c - We create, promote a continues culture of transparency, excellence and integrity. By this, we maintain policies directed to the prevention and to promote ethical autonomy. The policy of interest conflict stipulates that a formal declaration of interest conflict must be given. Annually, the members of the Board of Directors, Executive Director, Employees and volunteers must completed and submitted to the corresponding department. Form 990, Part VI, Section B, Line 15 Form 990, Part VI, Section B, Line 15 - We have developed a policy directed to the process to determine the compensation and benefits of the employees. In where, a comparative analysis with the labor market for similarly qualified persons is made to maintain competitively, and levels of payments based on labor surveys. Our structure of wages is fixed. All increase in wage passes through a process of revision and approval by our Board of Directors. Once approved by the Board of Directors, is submitted in proposal to the pass-through state agency (external entity), who reviews and approves this one. Form 990, Part VI, Section C, Line 19 Form 990, Part VI, Section C, Line 19 - The organization each three years have publics hearing with the legislature of Puerto Rico as required by the federal funds; also the organization has the information available to the agencies in chase of vigilance of funds prior request to be need to processed. Form 8868 was sent by certified mail with tracking number 9889-0710-5270-1436-4384-33; received by IRS on February 20, 2024.