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Nonprofit · EIN 22-2088378

PUERTO RICAN ORG FOR COMMUNITY EDUCATIONAL & ECONOMIC DEVELOPMENT

Also known as P R O C E E D INC

Tax-exempt · ELIZABETH, NJ 07201

Financials

$12.2M$11.8M2022$11.2M$10.8M2023$11M$10.9M2024
Revenue Expenses · by fiscal year end
Financials of PUERTO RICAN ORG FOR COMMUNITY EDUCATIONAL & ECONOMIC DEVELOPMENT by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$10,987,893$10,938,923$48,970$11,018,513$1,287,877$9,730,636
June 30, 2024990$11,233,090$10,769,512$463,578$12,090,651$2,408,985$9,681,666
June 30, 2023990$12,200,647$11,781,245$419,402$12,137,452$2,919,364$9,218,088
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$10,770,802
of which government grants
$10,770,802
Program service revenue
$134,680
Investment income
$82,411
Other revenue
$0

Expenses

Grants and similar amounts paid
$2,041,853
Other salaries and wages
$5,270,142
Salaries, compensation and benefits (total)
$6,713,293
Professional fundraising fees
$0
Travel
$145,201
Depreciation
$292,927
Program services (functional)
$8,880,167
Management and general (functional)
$2,058,756

Balance sheet and other

Total assets, start of year
$12,090,651
Total assets, end of year
$11,018,513
Total liabilities, end of year
$1,287,877
Net assets, end of year
$9,730,636
Land, buildings and equipment
$5,851,500
Net assets without donor restrictions
$9,730,636
Gross receipts
$10,987,893
Employees
96
Volunteers
0
Year formed
1970
State of legal domicile
NJ

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
TERESA SOTO VEGAEXECUTIVE DIRECTOR
Trustee or director, Highest-paid employee
60$242,139$45,787
GISELE PEMBERTONDIRECTOR OF NCTSTA
Highest-paid employee
40$220,320$34,834
ELIZABETH PINEROSCLINICAL DIRECTOR
Highest-paid employee
40$181,982$22,920
JOSE ORLANDO SABALEACCOUNTANT
Highest-paid employee
40$128,894$37,654
JOSEPH SARDINAWEATHERIZATION MANAGER
Highest-paid employee
40$150,004$11,047
SILVIA FONSECASECRETARY
Trustee or director
2$0$0
CARLOS N SANCHEZCHAIRPERSON
Trustee or director
2$0$0
HAROLD CABEZASTREASURER
Trustee or director
1$0$0
WILLIAM O'DEAVICE CHAIRPERSON
Trustee or director
2$0$0
YALITZA TORRESTRUSTEE
Trustee or director
1$0$0
990 for the year ended June 30, 2024: 10 people
NameTitleHours / weekCompensationOther / benefits
TERESA SOTO VEGAEXECUTIVE DIRECTOR
Trustee or director, Highest-paid employee
60$243,970$44,259
GISELE PEMBERTONDIRECTOR OF NCTSTA
Highest-paid employee
40$231,993$32,179
ELIZABETH PINEROSCLINICAL DIRECTOR
Highest-paid employee
40$173,994$22,336
JOSEPH SARDINAWEATHERIZATION MANAGER
Highest-paid employee
40$157,916$11,405
JOSE ORLANDO SABALEACCOUNTANT
Highest-paid employee
40$125,069$34,654
SILVIA FONSECASECRETARY
Trustee or director
2$0$0
CARLOS N SANCHEZCHAIRPERSON
Trustee or director
2$0$0
HAROLD CABEZASTREASURER
Trustee or director
1$0$0
WILLIAM O'DEAVICE CHAIRPERSON
Trustee or director
2$0$0
YALITZA TORRESTRUSTEE
Trustee or director
1$0$0
990 for the year ended June 30, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
TERESA SOTO VEGAEXECUTIVE DIRECTOR
Trustee or director, Highest-paid employee
60$234,507$41,531
GISELE PEMBERTONDIRECTOR OF NCTSTA
Highest-paid employee
40$214,593$34,856
ELIZABETH PINEROSCLINICAL DIRECTOR
Highest-paid employee
40$177,670$22,699
JOSE ORLANDO SABALEACCOUNTANT
Highest-paid employee
40$136,058$37,906
JOSEPH SARDINAWEATHERIZATION MANAGER
Highest-paid employee
40$136,309$10,261
SILVIA FONSECASECRETARY
Trustee or director
2$0$0
CARLOS N SANCHEZCHAIRPERSON
Trustee or director
2$0$0
HAROLD CABEZASTREASURER
Trustee or director
1$0$0
WILLIAM O'DEAVICE CHAIRPERSON
Trustee or director
2$0$0
YALITZA TORRESTRUSTEE
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
1126 DICKINSON ST, ELIZABETH, NJ 07201-2404
Signed the 990
TERESA SOTO-VEGA, EXECUTIVE DIRECTOR
Phone
(908) 351-7727
Return prepared by
RRBB ADVISORS LLC

Mission

TO PROMOTE HUMAN EMPOWERMENT AND CIVIC RESPONSIBILITY, AND TO FACILITATE QUALITY OF LIFE OPPORTUNITIES FOR ECONOMICALLY AND SOCIALLY DISADVANTAGED POPULATIONS.

990 for the year ended June 30, 2025

Program accomplishments

  • COMMUNITY DEVELOPMENT- PROVIDES SERVICES ON HOME ENERGY AND SECURITY IMPROVEMENTS, HOME ENERGY ASSISTANCE AND TRANSITIONAL HOUSING FOR HOMELESS.
    Expenses $2,927,027 · grants $1,291,188 · revenue $3,709,582
  • CHILDREN SERVICES- PROVIDES A LICENSED DAY CARE FOR AGES 3 TO 4 YEARS OLD UP TO 60 SLOTS. PROVIDES PRESCHOOL PROGRAM FOR CHILDREN BETWEEN AGES OF 3 TO 4 YEARS, UP TO 45 SLOTS.
    Expenses $1,534,548 · revenue $2,064,089
  • INDIVIDUAL AND FAMILY DEVELOPMENT- PROVIDES SERVICES TO PERSONS AFFECTED DIRECTLY OR INDIRECTLY WITH THE USE OF ALCOHOL AND OTHER DRUGS. PROVIDES GENERAL ADVOCACY, BACK TO WORK REHABILITATION AND OUTPATIENT COUNSELING SERVICES.
    Expenses $865,312 · revenue $1,446,519
  • COMMUNITY HEALTH INITIATIVES - $1,575,155.00FAMILY SUCCESS CENTER -$1,037,555.00NATIONAL CENTER FOR TRAINING, SUPPORT AND TECHNICAL ASSISTANCE- $940,570.00
    Expenses $3,553,280 · grants $750,665 · revenue $3,550,612

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
22-2088378
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1984
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P840)
Assets (IRS master file)
$11,018,513
Income (IRS master file)
$10,987,893

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$10,987,893$10,938,923$11,018,513IRS
990June 2024$11,233,090$10,769,512$12,090,651XML
990June 2023$12,200,647$11,781,245$12,137,452XML
990June 2022$13,199,398$12,744,959$11,805,286IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2088378).

Questions about PUERTO RICAN ORG FOR COMMUNITY EDUCATIONAL & ECONOMIC DEVELOPMENT

What is the EIN of PUERTO RICAN ORG FOR COMMUNITY EDUCATIONAL & ECONOMIC DEVELOPMENT?
The employer identification number (EIN) of PUERTO RICAN ORG FOR COMMUNITY EDUCATIONAL & ECONOMIC DEVELOPMENT is 22-2088378.
Is PUERTO RICAN ORG FOR COMMUNITY EDUCATIONAL & ECONOMIC DEVELOPMENT tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
Are donations to PUERTO RICAN ORG FOR COMMUNITY EDUCATIONAL & ECONOMIC DEVELOPMENT tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PUERTO RICAN ORG FOR COMMUNITY EDUCATIONAL & ECONOMIC DEVELOPMENT file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PUERTO RICAN ORG FOR COMMUNITY EDUCATIONAL & ECONOMIC DEVELOPMENT due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PUERTO RICAN ORG FOR COMMUNITY EDUCATIONAL & ECONOMIC DEVELOPMENT last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who are the officers and directors of PUERTO RICAN ORG FOR COMMUNITY EDUCATIONAL & ECONOMIC DEVELOPMENT?
The 990 for the year ended June 30, 2025 lists 10 people; 5 received compensation from the organization, the highest $242,139 (TERESA SOTO VEGA, EXECUTIVE DIRECTOR).
How much revenue does PUERTO RICAN ORG FOR COMMUNITY EDUCATIONAL & ECONOMIC DEVELOPMENT have?
On its 990 for the year ended June 30, 2025 it reported revenue of $10,987,893, expenses of $10,938,923 and total assets of $11,018,513 at year end.

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