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Nonprofit · EIN 66-0566096

CENTER FOR A NEW ECONOMY INC

Tax-exempt · SAN JUAN, PR 00902

Financials

$1.9M$1.9M2023$2M$2M2024
Revenue Expenses · by fiscal year end
Financials of CENTER FOR A NEW ECONOMY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,005,504$2,024,337-$18,833$3,822,547$1,161,170$2,661,377
December 31, 2023990$1,903,473$1,910,406-$6,933$2,962,723$941,529$2,021,194
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,974,160
Program service revenue
$0
Investment income
$31,098
Other revenue
$246

Expenses

Grants and similar amounts paid
$25,345
Compensation of officers, directors and key employees
$637,329
Other salaries and wages
$680,064
Salaries, compensation and benefits (total)
$1,446,179
Professional fundraising fees
$0
Legal fees
$6,679
Accounting fees
$48,815
Occupancy
$122,577
Depreciation
$26,360
Program services (functional)
$1,543,555
Management and general (functional)
$334,818
Fundraising (functional)
$145,964

Balance sheet and other

Total assets, start of year
$2,962,723
Total assets, end of year
$3,822,547
Total liabilities, end of year
$1,161,170
Net assets, end of year
$2,661,377
Land, buildings and equipment
$50,860
Publicly traded securities
$3,351,593
Net assets without donor restrictions
$2,561,377
Net assets with donor restrictions
$100,000
Gross receipts
$2,005,504
Employees
13
Volunteers
10
Year formed
1998
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
MIGUEL SOTO-CLASSPRESIDENT
Trustee or director, Officer
40$244,100$15,720
SERGIO MARXUACHPOLICY DIRECTOR, ASSISTANT SECRETARY
Officer
40$160,600$0
ROSANNA TORRES PIZARRODIRECTOR OF THE WASHINGTON DC OFFICE
Highest-paid employee
40$128,633$0
CARMEN VARGAS NINFINANCE & ADMIN DIRECTOR, TREASURER
Officer
40$98,600$13,209
NYDIA SUAREZ MARINPUBLIC AFFAIRS DIRECTOR
Highest-paid employee
40$102,100$7,773
NURIA ORTIZEXECUTIVE DIRECTOR, SECRETARY
Officer
40$105,100$0
ENRIQUE FIGUEROA GRILLASCARESEARCH ASSOCIATE
Highest-paid employee
40$100,300$0
ENRIQUE VILA BIAGGIBOARD CHAIR
Trustee or director, Officer
1$0$0
JOAQUIN BACARDIDIRECTOR
Trustee or director
1$0$0
ELIZABETH CAREY BURWELLDIRECTOR
Trustee or director
1$0$0
JACQUES CHAPPUISDIRECTOR
Trustee or director
1$0$0
JORGE COLON GERENADIRECTOR
Trustee or director
1$0$0
ANTONIO L FERRE RANGELDIRECTOR
Trustee or director
1$0$0
CAROLINE MCCONNIEDIRECTOR
Trustee or director
1$0$0
PINSY RIVERADIRECTOR
Trustee or director
1$0$0
2 more people on this return
NameTitleHours / weekCompensation
LUIS SILVADIRECTOR
Trustee or director
1$0
EDWIN J PEREZDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensationOther / benefits
MIGUEL A SOTO CLASSPRESIDENT
Trustee or director, Officer
40$191,300$13,697
SERGIO MARXUACHASSISTANT SECRETARY
Officer
40$140,300$0
DEEPAK LAMBARESEARCH DIRECTOR
Highest-paid employee
40$124,883$3,779
NYDIA SUAREZ MARINPUBLIC AFFAIRS DIRECTOR
Highest-paid employee
40$100,300$7,444
CARMEN VARGASTREASURER
Officer
40$90,300$13,460
NURIA Y ORTIZ VARGASSECRETARY
Officer
40$100,300$0
EDWIN PEREZDIRECTOR
Trustee or director
1$0$0
CAROLINE MCCONNIEDIRECTOR
Trustee or director
1$0$0
ANTONIO LUIS FERRE-RANGELDIRECTOR
Trustee or director
1$0$0
LUIS SILVADIRECTOR
Trustee or director
1$0$0
ELIZABETH CAREY BURWELLDIRECTOR
Trustee or director
1$0$0
JOAQUIN BACARDIDIRECTOR
Trustee or director
1$0$0
PINSY RIVERA-ORTIZDIRECTOR
Trustee or director
1$0$0
JACQUES CHAPPUISDIRECTOR
Trustee or director
1$0$0
JORGE COLON-GERENADIRECTOR
Trustee or director
1$0$0
ENRIQUE VILA-BIAGGICHAIRMAN
Trustee or director, Officer
1$0$0

Address and contacts

Address (IRS master file)
PO BOX 9024240, SAN JUAN, PR 00902-4240
In care of
% MIGUEL A SOTO
Principal officer (990 for 2024)
ROSANNA TORRES PIZARRO, PO BOX 9024240, SAN JUAN, PR 00902
Signed the 990
ROSANNA TORRES PIZARRO, PRESIDENT
Phone
(787) 622-1120
Return prepared by
LANE & COMPANY CPAS

Mission

SEE PART I, LINE 1 SCHEDULE O DISCLOSURE

990 for the year ended December 31, 2024

Program accomplishments

  • IN 2024, CNE CONTINUED TO LEAD EFFORTS TO IMPROVE THE SOCIOECONOMIC WELL-BEING OF PUERTO RICO THROUGH INDEPENDENT, EVIDENCE-BASED RESEARCH AND FORWARD-LOOKING POLICY ANALYSIS. OUR WORK FOCUSED ON CRITICAL AREAS INCLUDING ENERGY ACCESS AND RELIABILITY, POVERTY ALLEVIATION, FOOD SECURITY, INDUSTRIAL POLICY, AND THE EFFECTIVE DESIGN AND DELIVERY OF FEDERAL PROGRAMS. AMONG OUR KEY CONTRIBUTIONS, CNE PRODUCED A COMPREHENSIVE REVIEW OF THE U.S. DEPARTMENT OF ENERGY'S STUDY ON PUERTO RICO'S ELECTRIC GRID, WHICH WAS WIDELY DISSEMINATED TO INFORM PUBLIC UNDERSTANDING AND SUPPORT INFORMED POLICYMAKING ON GRID MODERNIZATION. WE ALSO PUBLISHED A LANDMARK POLICY PAPER ADVOCATING FOR A MODERN INDUSTRIAL POLICY TAILORED TO PUERTO RICO'S ECONOMIC REALITIES, AND RELEASED AN IN-DEPTH SUMMARY OF THE MANY COMPLEX AND OVERLAPPING INITIATIVES RESHAPING THE ISLAND'S ENERGY SECTOR. IN PARTNERSHIP WITH THE FINRA FOUNDATION, CNE PUBLISHED A MAJOR REPORT ON THE FINANCIAL CAPABILITY OF INDIVIDUALS AND HOUSEHOLDS IN PUERTO RICO, SHEDDING LIGHT ON CRITICAL CHALLENGES AND OPPORTUNITIES FOR LOCAL RESIDENTS. THESE PUBLICATIONS RECEIVED BROAD MEDIA COVERAGE AND CONTRIBUTED MEANINGFULLY TO PUBLIC DIALOGUE AND POLICY DEBATES. THROUGHOUT THE YEAR, OUR WORK WAS CONSISTENTLY SHARED THROUGH NEWSLETTERS, MEDIA OUTLETS, AND PUBLIC FORUMS-REINFORCING CNE'S ROLE AS A TRUSTED, NONPARTISAN SOURCE OF KNOWLEDGE AND ANALYSIS DEDICATED TO THE ISLAND'S LONG-TERM DEVELOPMENT.
    Expenses $1,543,555 · grants $25,345

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
66-0566096
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
2000
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B90)
Assets (IRS master file)
$3,822,547
Income (IRS master file)
$2,005,504

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,005,504$2,024,337$3,822,547IRS
990December 2023$1,903,473$1,910,406$2,962,723XML
990December 2022$1,871,721$2,262,227$2,485,015IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 66-0566096).

Questions about CENTER FOR A NEW ECONOMY INC

What is the EIN of CENTER FOR A NEW ECONOMY INC?
The employer identification number (EIN) of CENTER FOR A NEW ECONOMY INC is 66-0566096.
Is CENTER FOR A NEW ECONOMY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
Are donations to CENTER FOR A NEW ECONOMY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CENTER FOR A NEW ECONOMY 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 CENTER FOR A NEW ECONOMY INC 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 CENTER FOR A NEW ECONOMY INC 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 CENTER FOR A NEW ECONOMY INC?
The 990 for the year ended December 31, 2024 names ROSANNA TORRES PIZARRO.
Who are the officers and directors of CENTER FOR A NEW ECONOMY INC?
The 990 for the year ended December 31, 2024 lists 17 people; 7 received compensation from the organization, the highest $244,100 (MIGUEL SOTO-CLASS, PRESIDENT).
How much revenue does CENTER FOR A NEW ECONOMY INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,005,504, expenses of $2,024,337 and total assets of $3,822,547 at year end.

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