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Nonprofit · EIN 66-0604382

EL CORREDOR TECNO ECONOMICO DE PUERTO RICO Y EL CARIBE

Tax-exempt · MAYAGUEZ, PR 00680

Financials

$758K$756K2022$1.6M$1.6M2023$2.3M$2.3M2024
Revenue Expenses · by fiscal year end
Financials of EL CORREDOR TECNO ECONOMICO DE PUERTO RICO Y EL CARIBE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$2,265,102$2,305,897-$40,795$2,555,069$1,697,365$857,704
June 30, 2024990$1,597,479$1,602,298-$4,819$2,328,711$1,430,212$898,499
June 30, 2023990$758,486$756,487$1,999$1,435,391$532,073$903,318
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$2,215,781
of which government grants
$2,211,691
Program service revenue
$0
Investment income
$0
Net rental income
$49,321
Other revenue
$49,321

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$98,607
Other salaries and wages
$358,018
Salaries, compensation and benefits (total)
$497,936
Professional fundraising fees
$0
Travel
$990
Depreciation
$6,427
Program services (functional)
$2,101,268
Management and general (functional)
$204,629

Balance sheet and other

Total assets, start of year
$2,328,711
Total assets, end of year
$2,555,069
Total liabilities, end of year
$1,697,365
Net assets, end of year
$857,704
Land, buildings and equipment
$1,015,667
Net assets without donor restrictions
$857,704
Gross receipts
$2,265,102
Employees
15
Volunteers
0
Year formed
2001
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.

NameTitleHours / weekCompensation
NELSON PEREAEXECUTIVE DIRECTOR
Officer
40$70,842
CARLOS RIVERAPRESIDENT
Trustee or director
2$0
JAIME MORALESSECRETARY
Trustee or director
2$0
ELISAMUEL RIVERATREASURER
Trustee or director
2$0
990 for the year ended June 30, 2024: 4 people
NameTitleHours / weekCompensation
NELSON PEREAEXECUTIVE DIRECTOR
Officer
40$70,842
CARLOS RIVERAPRESIDENT
Trustee or director
2$0
JAIME MORALESSECRETARY
Trustee or director
2$0
ELISAMUEL RIVERATREASURER
Trustee or director
2$0
990 for the year ended June 30, 2023: 4 people
NameTitleHours / weekCompensation
Nelson Perea FExecutDirector
Highest-paid employee
40$85,633
Carlos RiveraPresident
Trustee or director
2$0
Jaime MoralesSecretary
Trustee or director
2$0
Elisamuel RiveTreasurer
Trustee or director
2$0

Address and contacts

Address (IRS master file)
738 TURABO QUINTAS DE MONTERIO, MAYAGUEZ, PR 00680-0000
In care of
% EL CORREDOR TECNO ECONOMICO DE PU
Principal officer (990 for 2024)
NELSON PEREA, 738 CALLE TURABO, URB QUINTAS DE MONTE RIO, MAYAGUEZ, PR 00680
Signed the 990
NELSON PEREA, EXECUTIVE DIRECTOR
Phone
(787) 856-6220
Return prepared by
ROMAN TORO AND CO CSP

Mission

TO ENABLE WESTERN PUERTO RICOS ECONOMIC DEVELOPMENT WITH EMPHASIS IN THE COMMERCIALIZATION OF NEW AND INNOVATIVE TECHNOLOGIES

990 for the year ended June 30, 2025

Program accomplishments

  • Rent - The income generated from tenant fees supports individual projects in business development provides administrative support and coordinates networking activities seminars etc.
    Expenses $23,702 · revenue $49,321
  • The primary objective for CDBG-DR is to provide disaster relief long-term recovery restoration of infrastructure and housing and economic revitalization in the most impacted and distressed areas resulting from a major disaster. PRTEC offers the following programs under this award: Workforce Training Program WFT and Small Business Incubators and Accelerators Program SBIA. The objective of the WFT program is to prepare Puerto Rican residents with the skills required to secure employment in industries that will drive the islands economy. The SBIA program provides business development technical assistance programming related to the incubation and or acceleration of small and new businesses and associated activities.
    Expenses $2,077,566 · grants $2,192,437
  • The Economic Development Administrations EDA mission is to lead the federal economic development agenda by promoting innovation and competitiveness preparing American regions for growth and success in the worldwide economy. PRTEC offers the Future Economy Initiatives project under this award.
    grants $19,254

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
66-0604382
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
2006
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,555,069
Income (IRS master file)
$2,265,102

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$2,265,102$2,305,897$2,555,069IRS
990June 2024$1,597,479$1,602,298$2,328,711IRS
990June 2023$758,486$756,487$1,435,391XML
990June 2022$304,576$271,614$1,167,209IRS
990June 2021$86,019$80,252$1,013,851IRS

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 66-0604382).

Questions about EL CORREDOR TECNO ECONOMICO DE PUERTO RICO Y EL CARIBE

What is the EIN of EL CORREDOR TECNO ECONOMICO DE PUERTO RICO Y EL CARIBE?
The employer identification number (EIN) of EL CORREDOR TECNO ECONOMICO DE PUERTO RICO Y EL CARIBE is 66-0604382.
Is EL CORREDOR TECNO ECONOMICO DE PUERTO RICO Y EL CARIBE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
Are donations to EL CORREDOR TECNO ECONOMICO DE PUERTO RICO Y EL CARIBE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does EL CORREDOR TECNO ECONOMICO DE PUERTO RICO Y EL CARIBE 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 EL CORREDOR TECNO ECONOMICO DE PUERTO RICO Y EL CARIBE 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 EL CORREDOR TECNO ECONOMICO DE PUERTO RICO Y EL CARIBE 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 EL CORREDOR TECNO ECONOMICO DE PUERTO RICO Y EL CARIBE?
The 990 for the year ended June 30, 2025 names NELSON PEREA.
Who are the officers and directors of EL CORREDOR TECNO ECONOMICO DE PUERTO RICO Y EL CARIBE?
The 990 for the year ended June 30, 2025 lists 4 people; 1 received compensation from the organization, the highest $70,842 (NELSON PEREA, EXECUTIVE DIRECTOR).
How much revenue does EL CORREDOR TECNO ECONOMICO DE PUERTO RICO Y EL CARIBE have?
On its 990 for the year ended June 30, 2025 it reported revenue of $2,265,102, expenses of $2,305,897 and total assets of $2,555,069 at year end.

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