2024-11-15T11:29:08-08:00 2023-12-31 660953495 MVKN GROUP LLC 239 AVE ARTERIAL HOSTOS CAPITAL BLD SAN JUAN RQ 990 2023-01-01 660831873 Fundacion Luis G Fortuno Inc FUND 7877661717 PO Box 190913 San Juan PR 009190913 Luis G Fortuno President 7877661717 2024-11-15 true true Maria Victoria Leon P02443328 7879986654 2023 2024-10-15 13:58:12Z Luis G Fortuno 1302 K Street NW 1100E Washington DC 20005 899454 false X www.centrocrece.org X 2013 PR The organizations mission is to cultivate free market solutions that foster self-reliance, economic growth and social well-being.Foundations programs are focused on three areas:1)improving the ease of doing business;2)reducing generationalpoverty; and 3)increasing entrepreneurship. 11 11 0 11 0 0 569175 897710 0 282 0 1744 569457 899454 0 0 0 78126 90796 608074 710088 608074 788214 -38617 111240 319337 428815 57924 46416 261413 382399 X The organizations mission is to cultivate free market solutions that foster self-reliance, economic growth and social well-being. Foundations programs are focused on three areas: 1) improving the ease of doing business; 2) reducing generational poverty; and 3) increasing entrepreneurship. true true 276297 16000 306650 The Foundations largest program is LEMONADE DAY, a youth entrepreneurship education program for children. Participants in Lemonade Day learn how to plan and operate their own business using the lemonade stand model. In the process, they gain basic financial literacy skills, how to save and share with the community members. The Foundation provides educational materials, mentorship training and activities to motivate kids in their entrepreneurial journey. In 2023, 1,954 kids and 776 adult mentors registered for participation in the program. As part of a collaborative agreement with the Puerto Rico Department of Education, Lemonade Day program can also be offered in public schools. Under the agreement, the foundation receives no compensation, and it is available to teachers who are interested in offering it in their classrooms. It is not compulsory. Lemonade Day is meant to be an educational activity for children to learn how to spend, save and share money responsibly. 58887 11500 70700 PORTRAITS OF PROSPERITY is a photography contest and exhibit for high school and university students that aims to educate them on the value of entrepreneurship in their communities through the visual arts. Participants use their cameras to capture the stories of entrepreneurs. The photographs are then mounted as a collection in an exhibition that is open and free to the public. Prizes are given winning photographs that are selected by a panel of judges. In 2023, we had 103 participants from high school and universities. The exhibit was on display in 2 locations (San Juan Metro Area and in Ponce) and received more than 1,200 visitors. 49383 66887 113887 CRECE en tu Municipio is directed toward a program municipal public employees. The program trains public servants on free market economics, how to improve the ease of doing business in their communities and how to attract human investment capital to their communities through the establishment of metrics and strategic planning. In 2023, the program was offered to 40 employees in 2 municipalities. It is funded mainly through a grant from the Puerto Rico Legislatures Special Commission for Legislative Grants. The process to obtain the grant is competitive. In late 2023, Atlas Network awarded the Foundation a grant for CRECE en tu Municipio in the amount of $24,000. Funds from this grant will be used to expand its reach to other municipalities in 2024. 0 0 0 PUERTO RICO CRECE is an initiative that promotes open dialogues to explore solutions to poverty in an open economy. More than 800 individuals, including university and high school students, have participated in these discussions which feature special presentation of the award-winning documentary, Poverty Inc. 128647 7500 84372 SPEAKER SERIES is a program where we offer talks and forums on topics including economic development, education,labor market trends and individual rights. Forums are open to the public through live transmissions and in-person participation and to members of the media. 36351 49985 50000 FREEDOM TO PROSPER IN PUERTO RICO is project began in 2023. It is a comprehensive research project that includes qulitative and quantitative research to better understand Puerto Ricans views on their prospects for growth on the island and the correlation between increased economic freedom and peoples motivation to stay and invest locally. The projects findings 0 0 0 will be presented in 2024. 6275 0 38000 LFG Book is a project that involves the writing and publication of a book by former Governor Luis G Fortuno, on how economic freedom principles guided his policy plan during his tenure as governor of Puerto Rico. The project involves taped interviews with members of the Cabinet, as part of the research and development of the book. Additional research was 0 0 0 conducted for the purposes of writing. 21966 0 38000 ROAD TO PROSPERITY SERIES provides periodic newsletters on economic trends in Puerto Rico couple with an interactive platform that contains key economic indicators online for public consumption and use. It also provides periodic policy papers on different topics like labor market trends, for example. The purpose is to maintain our followers, supporters and program participants informed. 31104 0 20300 BIBLIOTECA SIGLO XXI contains the archives and library of former Governor Luis G Fortuno. CRECE maintains the archives, including preservation and organization of official documents that are made available to the public through exhibits, special events, and research activities. 224343 57485 230672 608910 true true false false false false false false false false false false false false false false false false false false false false false true true false false true true false false false false false false false false false true false false false false false false false false true 0 0 0 false false false false false false false false false false false false false false false false false false X 11 11 false false false false false false false true true false false true true true true false false false false false X X MVKN Group LLC 7879986654 Capital Center North 239 Arterial H San Juan RQ X Luis G Fortuno Chairman 1.00 X X 0 0 0 Maria Victoria Leon Treasurer 1.00 X 0 0 0 Jorge San Miguel Director 1.00 X 0 0 0 Federico Stubbe Jr Director 1.00 X 0 0 0 Gustavo Velez Director 1.00 X 0 0 0 Jose Vazquez Director 1.00 X 0 0 0 Kenneth W McGrath Director 1.00 X 0 0 0 Magda M Boyles Secretary 1.00 X 0 0 0 Antonio Monroig Director 1.00 X 0 0 0 Limarie Ferrer Director 1.00 X 0 0 0 Javier Vazquez Director 1.00 X 0 0 0 false false false 92860 89887 714963 180504 897710 92860 Interest income 000052 1744 0 0 1744 1744 899454 0 0 1744 409305 357176 52129 0 6032 0 6032 0 78126 78126 160909 159894 0 1015 11447 5903 4061 1483 8145 3145 0 5000 114250 82792 26286 5172 788214 608910 88508 90796 319217 51053 303762 0 74000 120 319337 428815 57924 46416 57924 46416 X 261413 382399 261413 382399 319337 428815 111240 X true X false false false X 0 0 230856 120943 801446 569175 897710 2620130 0 0 0 230856 120943 801446 569175 897710 2620130 0 0 0 2620130 42 78 140 282 1744 2286 42 78 140 282 1744 2286 2622416 0.99910 0.99970 0.00090 0.00030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X false CRECE 10TH Anniversary Celebration 92860 92860 23600 67196 92860 92860 23600 67196 90796 2064 true Atlas Network Two Liberty Center 4075 Wilson Boul Arlington VA 22203 942763845 24000 Crece en Municipio Project The Gleen Greenbereg and Linda Vester Foundantion 12 East 49th Street 24th Floor New York NY 10017 200405627 150000 Project Foundation Paul de Marco 1 5000 0 FMV 0 23104 Contributed facilities for activity 157400 Advertising to program false false false Pt III, Line 2 In 2023, the organization, launched a new program called Road to Prosperity Series, which provides periodic newsletters on economic trends in Puerto Rico coupled with and interactive platform in the website. The purpose is maintain our followers, supporters and program participants informed.In 2023, the organization launched a new research project called Freedom to Prosper, which seeks to measure attitudes among residents in Puerto Rico on how to improve the quality of life and economic environment through quantitative and qualitative methods. The research firm, Gaither International, was used for this purpose. Pt III, Line 3 While the organization continues to use and share the publications of the Economic Freedom Index and the Competitiveness Toolkit, it is no longer working to update the data and publish new reports under these program names. Pt VI, Line 11b The organizations Executive Director review Form 990 with the Tax Specialist. Once approved by the Executive Director, the Tax Specialist provided Form 990 to the boards Treasurer for final review and approval. Pt VI, Line 12c Officers were required to disclose interest that could give rise to conflicts during board meetings. The potential conflicts were discussed among board members, and necessary, members voted on rulings. Pt VI, Line 19 The organization provides copies of governing documents, conflict of interest policy and financial statemetns upon request.Governing documents, conflicts of interest policy and financial statements are also available online through the Department of State, and in- non-profit foundation databases available to the public. Form 990, Part III, Line 4d PUERTO RICO CRECE is an initiative that promotes open 0. 0. 0. Form 990, Part III, Line 4d SPEAKER SERIES is a program where we offer talks 128647. 7500. 84372. Form 990, Part III, Line 4d FREEDOM TO PROSPER IN PUERTO RICO is project began in 2023. 36351. 49985. 50000. Form 990, Part III, Line 4d will be presented in 2024. 0. 0. 0. Form 990, Part III, Line 4d LFG Book is a project that involves the writing and 6275. 0. 38000. Form 990, Part III, Line 4d conducted for the purposes of writing. 0. 0. 0. Form 990, Part III, Line 4d ROAD TO PROSPERITY SERIES provides periodic newsletters 21966. 0. 38000. Form 990, Part III, Line 4d BIBLIOTECA SIGLO XXI contains the archives and 31104. 0. 20300. Form 990, Part IX, Line 24e Rent 26496. 9996. 16500. 0. Form 990, Part IX, Line 24e Bank Charges 2867. 0. 2867. 0. Form 990, Part IX, Line 24e License 10306. 10299. 7. 0. Form 990, Part IX, Line 24e Puerto Rico State Insurance Fund Corporation 50. 0. 50. 0. Form 990, Part IX, Line 24e Meals and entretainment 25538. 25426. 112. 0. Form 990, Part IX, Line 24e Materials used program 30757. 30757. 0. 0. Form 990, Part IX, Line 24e Postage and shipping charge 2657. 949. 641. 1067. Form 990, Part IX, Line 24e Subscription 6319. 1222. 5097. 0. Form 990, Part IX, Line 24e Parking and Tolls 713. 713. 0. 0. Form 990, Part IX, Line 24e Sales Tax 1012. 0. 1012. 0. Form 990, Part IX, Line 24e Continued education 3750. 0. 0. 3750. Form 990, Part IX, Line 24e Internship 355. 0. 0. 355. Form 990, Part IX, Line 24e Participant awards 3430. 3430. 0. 0.