Nonprofit · EIN 66-0235625
LUIS A FERRE FOUNDATION INC
Tax-exempt · PONCE, PR 00717
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $16,200,639 | $6,861,399 | $9,339,240 | $52,707,348 | $4,383,825 | $48,323,523 |
| June 30, 2024 | 990 | $5,238,848 | $5,711,842 | -$472,994 | $42,907,634 | $4,646,784 | $38,260,850 |
| June 30, 2023 | 990 | $4,898,282 | $6,063,560 | -$1,165,278 | $41,995,375 | $4,640,778 | $37,354,597 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $15,403,443
- of which government grants
- $9,395,397
- Program service revenue
- $32,896
- Investment income
- $529,024
- Net rental income
- $2,350
- Net income from sales of inventory
- $22,191
- Other revenue
- $235,276
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $2,109,016
- Salaries, compensation and benefits (total)
- $2,268,923
- Professional fundraising fees
- $166,005
- Accounting fees
- $89,922
- Occupancy
- $10,665
- Travel
- $15,378
- Depreciation
- $795,230
- Program services (functional)
- $2,521,019
- Management and general (functional)
- $2,728,209
- Fundraising (functional)
- $1,612,171
Balance sheet and other
- Total assets, start of year
- $42,907,634
- Total assets, end of year
- $52,707,348
- Total liabilities, end of year
- $4,383,825
- Net assets, end of year
- $48,323,523
- Land, buildings and equipment
- $11,782,103
- Net assets without donor restrictions
- $40,103,208
- Net assets with donor restrictions
- $8,220,315
- Gross receipts
- $16,229,265
- Employees
- 29
- Year formed
- 1956
- State of legal domicile
- PR
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RUBI RODRIGUEZ BUSTILLO | DEPUTY DIREC Highest-paid employee | – | $225,857 |
| MARCOS MONTERO | ASSOCIATE DE Highest-paid employee | – | $145,122 |
| MARIA LUISA FERRE RANGEL | PRESIDENT & Trustee or director, Officer | – | $0 |
| ANTONIO LUIS FERRE RANGEL | TRUSTEE Trustee or director | – | $0 |
| RAFAEL COX ALOMAR | TRUSTEE Trustee or director | – | $0 |
| LUIS TRIGO FERRE | TRUSTEE Trustee or director | – | $0 |
| JAIME FONALLEDAS | TRUSTEE Trustee or director | – | $0 |
| SALOM GALIB | TRUSTEE Trustee or director | – | $0 |
| NICHOLAS PROUTY | TRUSTEE Trustee or director | – | $0 |
| ANAYMIR MUOZ GRAJALES | TRUSTEE Trustee or director | – | $0 |
| RICHARD CARRION MATIENZO | TRUSTEE Trustee or director | – | $0 |
| WALTER KEENAN | TRUSTEE Trustee or director | – | $0 |
| ALBERTO BAC | TRUSTEE Trustee or director | – | $0 |
| PEDRO BUSO GARCIA | SECRETARY Officer | – | $0 |
| CARLOS G MARTINEZ RIVERA | TREASURER Officer | – | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HECTOR GUILLERMO MARTINEZ | TRUSTEE Trustee or director | – | $0 |
990 for the year ended June 30, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FLORIBETH ANCIANI | FINANCE DIRE Highest-paid employee | – | $238,587 | $0 |
| CHERYL HARTUP | DIRECTOR Highest-paid employee | – | $222,433 | $0 |
| RUBI RODRIGUEZ BUSTILLO | DEPUTY DIREC Highest-paid employee | – | $204,501 | $3,000 |
| MARIA LUISA FERRE RANGEL | PRESIDENT & Trustee or director, Officer | – | $0 | $0 |
| ANTONIO LUIS FERRE RANGEL | TRUSTEE Trustee or director | – | $0 | $0 |
| RAFAEL COX ALOMAR | TRUSTEE Trustee or director | – | $0 | $0 |
| LUIS TRIGO FERRE | TRUSTEE Trustee or director | – | $0 | $0 |
| JAIME FONALLEDAS | TRUSTEE Trustee or director | – | $0 | $0 |
| SALOM GALIB | TRUSTEE Trustee or director | – | $0 | $0 |
| NICHOLAS PROUTY | TRUSTEE Trustee or director | – | $0 | $0 |
| ANAYMIR MUOZ GRAJALES | TRUSTEE Trustee or director | – | $0 | $0 |
| RICHARD CARRION MATIENZO | TRUSTEE Trustee or director | – | $0 | $0 |
| WALTER KEENAN | TRUSTEE Trustee or director | – | $0 | $0 |
| ALBERTO BAC | TRUSTEE Trustee or director | – | $0 | $0 |
| PEDRO BUSO GARCIA | SECRETARY Officer | – | $0 | $0 |
| CARLOS G MARTINEZ RIVERA | TREASURER Officer | – | $0 | $0 |
| HECTOR GUILLERMO MARTINEZ | TRUSTEE Trustee or director | – | $0 | $0 |
990 for the year ended June 30, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHERYL HARTUP | DIRECTOR Highest-paid employee | – | $185,566 | $2,000 |
| RUBI RODRIGUEZ BUSTILLO | DEPUTY DIREC Highest-paid employee | – | $156,600 | $3,000 |
| FLORIBETH ANCIANI ORTIZ | FINANCE DIRE Highest-paid employee | – | $112,620 | $0 |
| MARIA LUISA FERRE RANGEL | PRESIDENT & Trustee or director, Officer | – | $0 | $0 |
| ANTONIO LUIS FERRE RANGEL | TRUSTEE Trustee or director | – | $0 | $0 |
| LUIS TRIGO FERRE | TRUSTEE Trustee or director | – | $0 | $0 |
| JAIME FONALLEDAS | TRUSTEE Trustee or director | – | $0 | $0 |
| SALOM GALIB | TRUSTEE Trustee or director | – | $0 | $0 |
| NICHOLAS PROUTY | TRUSTEE Trustee or director | – | $0 | $0 |
| ANAYMIR MUOZ GRAJALES | TRUSTEE Trustee or director | – | $0 | $0 |
| RICHARD CARRION MATIENZO | TRUSTEE Trustee or director | – | $0 | $0 |
| WALTER KEENAN | TRUSTEE Trustee or director | – | $0 | $0 |
| ALBERTO BAC | TRUSTEE Trustee or director | – | $0 | $0 |
| PEDRO BUSO GARCIA | SECRETARY Officer | – | $0 | $0 |
| MARIA J MIRANDA CRUZ | TREASURER Officer | – | $0 | $0 |
| CARLOS G MARTINEZ RIVERA | ASSISTANT TR Officer | – | $0 | $0 |
| RAFAEL COX ALOMAR | TRUSTEE Trustee or director | – | $0 | $0 |
| HECTOR GUILLERMO MARTINEZ | TRUSTEE Trustee or director | – | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2325 BLVD LUIS A FERRE, PONCE, PR 00717-0776
- Principal officer (990 for 2024)
- MARIA LUISA FERRE RANGEL, PO BOX 11924, SAN JUAN, PR 009221924
- Signed the 990
- CARLOS G MARTINEZ RIVERA, TREASURER
- Phone
- (787) 641-8070
- Return prepared by
- ALVARADO TAX & BUSINESS ADVISORS LLC
Mission
THE PRINCIPAL PURPOSE OF THE LUIS A. FERRE FOUNDATION, INC. (LAAF) IS TO OPERATE, MAINTAIN, CONSERVE, AND EXHIBIT ITS COLLECTION OF ART AT THE MUSEO DE ARTE DE PONCE (MAP), A MUSEUM IN PUERTO RICO ACCREDITED BY THE AMERICAN ALLIANCE OF MUSEUMS. LAFF OWNS ONE OF THE FINEST AND MOST IMPORTANT COLLECTIONS OF EUROPEAN ART IN THE WESTERN HEMISPHERE. MUSEO DE ARTE DE PONCE CONNECTS THE COMMUNITY WITH THE RICHNESS OF THE WESTERN ART AND ITS MAKERS, FROM THE FOURTEENTH CENTURY TO THE PRESENT. IT INVITES DISCOVERY, STIMULATES CURIOSITY AND FOSTERS DIALOGUE. AS PART OF ITS OBJECTIVES, IT SEEKS TO PROMOTE APPRECIATION OF ART, OFFERS EDUCATIONAL AND RECREATIONAL RESOURCES, AND ESTABLISHES TIES WITH DISADVANTAGED COMMUNITIES IN PUERTO RICO.
Program accomplishments
- SEE SCHEDULE OExpenses $2,521,019 · revenue $32,896
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 66-0235625
- 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
- 1966
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A510)
- Assets (IRS master file)
- $52,707,348
- Income (IRS master file)
- $16,229,265
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $16,200,639 | $6,861,399 | $52,707,348 | IRS |
| 990 | June 2024 | $5,238,848 | $5,711,842 | $42,907,634 | IRS |
| 990 | June 2023 | $4,898,282 | $6,063,560 | $41,995,375 | XML |
| 990 | June 2022 | $6,290,339 | $5,149,913 | $43,330,200 | IRS |
| 990 | June 2021 | – | – | – | 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 66-0235625).
Questions about LUIS A FERRE FOUNDATION INC
- What is the EIN of LUIS A FERRE FOUNDATION INC?
- The employer identification number (EIN) of LUIS A FERRE FOUNDATION INC is 66-0235625.
- Is LUIS A FERRE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1966.
- Are donations to LUIS A FERRE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LUIS A FERRE FOUNDATION INC 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 LUIS A FERRE FOUNDATION INC 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 LUIS A FERRE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LUIS A FERRE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names MARIA LUISA FERRE RANGEL.
- Who are the officers and directors of LUIS A FERRE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 16 people; 2 received compensation from the organization, the highest $225,857 (RUBI RODRIGUEZ BUSTILLO, DEPUTY DIREC).
- How much revenue does LUIS A FERRE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $16,200,639, expenses of $6,861,399 and total assets of $52,707,348 at year end.
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