2024-11-14T19:43:12-07:00 2023-12-31 660737613 JUAN A VAZQUEZ ALDEA CPA PO BOX 9090 CAGUAS PR 00726 990 2023-01-01 660904023 BORINCANA FOUNDATION INC BORI 9145527220 151 CALLE SAN FRANCISCO SUITE 200 SAN JUAN PUERTO RICO RQ 00901 Eric Pica Crespo Controller 9145527220 2024-11-14 1 1 Juan Vazquez P01278277 7874133650 2024-11-14 X 2023 2024-10-15 13:58:12Z THOMAS KING 151 CALLE SAN FRANCISCO SUITE 200 SAN JUAN PR 00901 811531 0 X X 2018 PR BORINCANA FOUNDATION WILL PROVIDE CERTAIN CONSULTING SERVICE TO OTHER NON FOR PROFIT OR FOR PROFIT ORGANIZATION TO SUPPORT AND VENTURE WITH LOCAL SOLAR STORAGE COMPANIES, MICROGRID PROVIDERS, INVESTOR, LENDERS TECHNOLOGY PROVIDERS, AND OTHERS, TO IMPLEMENT ACCELERATED PROGRAMMATIC APPROACHES TO MARKETING, FINANCING, AND EXECUTION OF DISTRIBUTED GENERATION AND STORAGE FOR INDUSTRIAL AND COMMERCIAL CUSTOMERS. ALSO, THE FOUNDATION WILL ACT AS AN ADVISOR AND GRANT RECIPIENT/ ADMINISTRATOR TO SUPPORT FEDERAL AND LOCAL EFFORT FOR REVITALIZATION AND TRANSFORMATION OF PUERTO RICO. 4 4 7 1 0 0 543401 811505 0 0 0 0 0 26 543401 811531 0 0 0 0 145625 345266 0 0 3799 322331 323589 467956 668855 75445 142676 448140 579026 363686 352007 84454 227019 The Borincana Foundation supplies financial education, technical assistance, workforce training, and market facilitation support to aid in the reduction of poverty in Puerto Rico through energy transition and energy justice. 0 0 236861 0 391789 * Puerto Rico Energy Capital Access Program (PRECAP) underwent a comprehensive transformation in 2022, which included a change in management and the recruitment of new staff. This restructuring enabled the program to bring compliance and administrative work up to date and completely revamp its operations, resulting in an enhanced service for the community. As a result of these improvements, the PRECAP team was able to deliver high-quality assistance to program participants both during and after graduation. PRECAP successfully graduated 12 renewable energy projects and received 42 applications in 2022. As part of its post-graduation support, PRECAP provided valuable assistance to the ABEYNO COOP project, which led to the project receiving the prestigious Made in America Prize. Another graduate,the Sunrise Solar Farm project, is now participating in the DOE Energizing Rural Communities competition. Looking ahead to 2023, the program is committed to fostering the growth of additional renewable energy projects and expanding its positive influence and presence in the Puerto Rico energy ecosystem. 243177 0 298964 SOLAR IT, The Solar Information Technology Workforce Development and Market Acceleration Program accomplished the following Completed Cohorts of the program with a total of 60 graduates. Completed 15 outreach activities Developed 11 outreach materials to promote the program Managed to maintain 50% employability among graduates of the program Held 2 graduation events and networking venues- Completed and published a full season of the Good Morning with Energy Podcast- Four additional members were incorporated into the work team 144629 0 84347 GRUPO ASI is an independent provider of solar systems desigs, offering free solar analysis for small businesses in rural areas of Puerto Rico. The program was created in November 2022 by Borincana Foundation and is funded through a USDA grant. 0 0 0 624667 1 1 0 0 0 0 0 0 0 0 1 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 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 7 1 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 PR X THOMAS KING 9145527220 151 CALLE SAN FRANCISCO SUITE 200 SAN JUAN PUERTO RICO RQ 00901 THOMAS KING SECRETARY 4 0 X X 95345 0 0 ALEJANDRO URIARTE PRESIDENT 1 0 X 0 0 0 XAIRA FERRARA DIRECTOR 1 0 X 0 0 0 GABRIEL PEREZ SEPULVEDA DIRECTOR 1 0 X 0 0 0 95345 0 0 0 0 0 0 0 0 0 0 0 791236 20269 10024 811505 0 0 0 0 0 0 26 26 0 0 26 811531 26 0 0 X 345266 345266 195360 193644 1716 0 7368 3788 175 3405 24432 20230 4202 42695 42695 7895 7895 0 3845 3845 2896 2896 12383 12383 MEALS AND ENTRETAIMENT 2922 385 2143 394 BAD DEBT 16136 0 16136 0 SALE TAX 3985 3594 391 0 3672 429 3243 0 668855 624667 40389 3799 75865 101327 372275 457968 8148 14479 2896 11583 448140 579026 62686 21007 301000 331000 363686 352007 X 9009 0 75445 227019 84454 227019 448140 579026 142676 0 0 0 -111 0 X 0 1 X 1 0 X 72822 289195 278442 543401 811531 1995391 72822 289195 278442 543401 811531 1995391 1995391 0 1995391 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 14479 0 2896 11583 0 0 0 0 11583 CROSS RIVER CAPITAL LLC OWNER THOMAS KING FOUNDER AND SECRETARY COMPANY WORKING CAPITAL X 301000 331000 0 1 0 331000 Form 990, Part VI, Section B, Line 11b The form 990 is prepared by an independent CPA firm and provided to the organization for review and subsequently discussed and approved at the next Board of Director Meeting. Form 990, Part VI, Section C, Line 19 These documents are not made available to the public. Form 990, Part IX, Line 11g CONSULTING SERVICES AND PAYROLL PROCESSING FEES. AN EXTENSION FOR FILING HAS BEEN FILED.