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Nonprofit · EIN 66-0319546

COMITE OLIMPICO DE PUERTO RICO INC OLD NAVAL BASE SAN JUAN

Tax-exempt · SAN JUAN, PR 00902

Financials

$12.6M$17.7M2023$12.3M$15.1M2024
Revenue Expenses · by fiscal year end
Financials of COMITE OLIMPICO DE PUERTO RICO INC OLD NAVAL BASE SAN JUAN by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$12,333,088$15,123,132-$2,790,044$5,753,429$663,224$5,090,205
December 31, 2023990$12,610,711$17,747,600-$5,136,889$8,649,106$768,857$7,880,249
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$11,941,514
of which government grants
$8,000,000
Program service revenue
$0
Investment income
$30,834
Royalties
$90,000
Net rental income
$15,300
Net income from sales of inventory
$227,465
Other revenue
$360,740

Expenses

Grants and similar amounts paid
$2,579,135
Compensation of officers, directors and key employees
$100,599
Other salaries and wages
$926,175
Salaries, compensation and benefits (total)
$1,287,487
Professional fundraising fees
$0
Legal fees
$42,084
Accounting fees
$43,252
Occupancy
$1,450,106
Travel
$3,553,312
Depreciation
$156,397
Program services (functional)
$12,404,376
Management and general (functional)
$2,718,756

Balance sheet and other

Total assets, start of year
$8,649,106
Total assets, end of year
$5,753,429
Total liabilities, end of year
$663,224
Net assets, end of year
$5,090,205
Land, buildings and equipment
$425,435
Gross receipts
$12,748,490
Employees
33
Year formed
1966

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
SARA ROSARIO VELEZPRESIDENT
Officer
40$100,600
VICTOR RUIZFIRST VICE PRESIDENT
Trustee or director
1$0
IVAN SANTOSSECOND PRESIDENT
Trustee or director
1$0
CARLOS J BELTRANGENERAL SECRETARY
Trustee or director
1$0
BETSMARA CRUZDEPUTY SECRRETARY
Trustee or director
1$0
HUMBERTO TORRESTREASURY
Trustee or director
1$0
MILDRED COLONDEPUTY TREASURER
Trustee or director
1$0
MELISSA MOJICAATHLETE DELEGATE
Trustee or director
1$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
SARA ROSARIO VELEZPRESIDENT
Officer
40$102,331
VICTOR RUIZFIRST VICE PRESIDENT
Trustee or director
1$0
VICTOR LOPEZSECOND VICE PRESIDENT
Trustee or director
1$0
CARLOS BELTRANGENERAL SECRETARY
Trustee or director
1$0
IVAN SANTOSDEPUTY SECRETARY
Trustee or director
1$0
HUMBERTO TORRESTREASURY
Trustee or director
1$0
MILDRED COLONDEPUTY TREASURER
Trustee or director
1$0
FERNANDO DELGADOVOCAL
Trustee or director
1$0
CESAR TRABANCOVOCAL
Trustee or director
1$0
CARLOS SANTIAGOATHLETE DELEGATE
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 9020008, SAN JUAN, PR 00902-0008
Principal officer (990 for 2024)
SARA ROSARIO, PONCE DE LEON AVENUE STOP 1, San Juan, PR 00902
Signed the 990
FALCON SANCHEZ, CPA
Phone
(787) 723-3890
Return prepared by
FALCON SANCHEZ

Mission

THE ENTITY'S MISSION IS THE TRAINING AND DEVELOPMENT OF HIGH PERFORMANCE ATHLETES FOR THE REPRESENTATION OF PR IN INTERNATIONAL SPORTS COMPETITIONS. ALSO, THE ENTITY PROVIDES FINANCIAL ASSISTANCE AND TRAINNING FACILITIES FOR TRAINING TO ATHLETES AND THEIR FEDERATIONS.

990 for the year ended December 31, 2024

Program accomplishments

  • SPORTS DELEGATIONS AND FEDERATIONS RECEIVED ECONOMIC SUPPORT FROM THE ENTITY TO COVER THEIR OPERATIONS AND ADMINISTRATIVE EXPENSES INCLUDING TRANSPORTATION, TRAINING, AND MEALS ON THEIR DIFFERENT TOURNAMENTS, TRAINING FACILITIES ARE PROVIDED TO ATHLETES AND THEIR FEDERATIONS.
    Expenses $12,404,376

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
66-0319546
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Exempt since
1990
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$5,753,429
Income (IRS master file)
$12,748,490

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$12,333,088$15,123,132$5,753,429XML
990December 2023$12,610,711$17,747,600$8,649,106XML
990December 2022$11,245,976$11,288,702$13,304,502IRS
990December 2021–––IRS
990December 2020–––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 66-0319546).

Questions about COMITE OLIMPICO DE PUERTO RICO INC OLD NAVAL BASE SAN JUAN

What is the EIN of COMITE OLIMPICO DE PUERTO RICO INC OLD NAVAL BASE SAN JUAN?
The employer identification number (EIN) of COMITE OLIMPICO DE PUERTO RICO INC OLD NAVAL BASE SAN JUAN is 66-0319546.
Is COMITE OLIMPICO DE PUERTO RICO INC OLD NAVAL BASE SAN JUAN tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
Which annual return does COMITE OLIMPICO DE PUERTO RICO INC OLD NAVAL BASE SAN JUAN 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 COMITE OLIMPICO DE PUERTO RICO INC OLD NAVAL BASE SAN JUAN due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did COMITE OLIMPICO DE PUERTO RICO INC OLD NAVAL BASE SAN JUAN last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of COMITE OLIMPICO DE PUERTO RICO INC OLD NAVAL BASE SAN JUAN?
The 990 for the year ended December 31, 2024 names SARA ROSARIO.
Who are the officers and directors of COMITE OLIMPICO DE PUERTO RICO INC OLD NAVAL BASE SAN JUAN?
The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $100,600 (SARA ROSARIO VELEZ, PRESIDENT).
How much revenue does COMITE OLIMPICO DE PUERTO RICO INC OLD NAVAL BASE SAN JUAN have?
On its 990 for the year ended December 31, 2024 it reported revenue of $12,333,088, expenses of $15,123,132 and total assets of $5,753,429 at year end.

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