Nonprofit · EIN 66-0630488
FONDO PERMANENTE PARA LA ADMINISTRACION OPERACION Y
Tax-exempt · SALINAS, PR 00751
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $10,680,318 | $11,792,191 | -$1,111,873 | $25,210,309 | $1,056,436 | $24,153,873 |
| December 31, 2023 | 990 | $13,895,760 | $12,172,990 | $1,722,770 | $28,085,060 | $1,899,493 | $26,185,567 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,618,185
- of which government grants
- $4,000,000
- Program service revenue
- $733,575
- Investment income
- $106,893
- Net rental income
- $956,443
- Net income from sales of inventory
- $1,691,339
- Other revenue
- $5,221,665
Expenses
- Grants and similar amounts paid
- $792,185
- Other salaries and wages
- $5,835,217
- Salaries, compensation and benefits (total)
- $5,835,217
- Professional fundraising fees
- $0
- Legal fees
- $13,970
- Occupancy
- $103,373
- Depreciation
- $848,570
- Program services (functional)
- $7,689,971
- Management and general (functional)
- $1,268,690
- Fundraising (functional)
- $2,833,530
Balance sheet and other
- Total assets, start of year
- $28,085,060
- Total assets, end of year
- $25,210,309
- Total liabilities, end of year
- $1,056,436
- Net assets, end of year
- $24,153,873
- Land, buildings and equipment
- $20,450,510
- Net assets without donor restrictions
- $11,380,316
- Net assets with donor restrictions
- $12,773,557
- Gross receipts
- $10,680,318
- Employees
- 129
- Year formed
- 1992
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LUISETTE SANCHEZ | DIRECTOR OF Trustee or director | – | $0 |
| JORGE RENDON | EXECUTIVE DI Officer | – | $0 |
| YANIRA MORALES | HR DIRECTOR Trustee or director | – | $0 |
| CARMEN CARTAGENA | ACADEMIC DIR Officer | – | $0 |
| PEDRO ROJAS | OPERATIONS D Officer | – | $0 |
| SAMUEL CESPEDES | SECRETARY Trustee or director | – | $0 |
| RICHARD CARRION | PRESIDENT Trustee or director | – | $0 |
| SARA ROSARIO | DIRECTOR/MEM Trustee or director | – | $0 |
| CARLOS J BELTRAN | DIRECTOR/MEM Trustee or director | – | $0 |
| VICTOR RUIZ | DIRECTOR/MEM Trustee or director | – | $0 |
| EDUARDO AMY | DIRECTOR/MEM Trustee or director | – | $0 |
| HECTOR LOPEZ | DIRECTOR/MEM Trustee or director | – | $0 |
| JOSE PORTELA | DIRECTOR/MEM Trustee or director | – | $0 |
| FERNANDO FAGUNDO | DIRECTOR/MEM Trustee or director | – | $0 |
| GRETCHEN SCALE | DIRECTOR/MEM Trustee or director | – | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BEVERLY RAMOS | DIRECTOR/MEM Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LUISETTE SANCHEZ | DIRECTOR OF Trustee or director | 40 | $0 |
| JORGE RENDON | EXECUTIVE DI Officer | – | $0 |
| YANIRA MORALES | HR DIRECTOR Trustee or director | 40 | $0 |
| CARMEN CARTAGENA | ACADEMIC DIR Officer | 40 | $0 |
| PEDRO ROJAS | OPERATIONS D Officer | 40 | $0 |
| SAMUEL CESPEDES | SECRETARY Trustee or director | – | $0 |
| RICHARD CARRION | PRESIDENT Trustee or director | – | $0 |
| SARA ROSARIO | DIRECTOR/MEM Trustee or director | – | $0 |
| CARLOS J BELTRAN | DIRECTOR/MEM Trustee or director | – | $0 |
| VICTOR RUIZ | DIRECTOR/MEM Trustee or director | – | $0 |
| EDUARDO AMY | DIRECTOR/MEM Trustee or director | – | $0 |
| HECTOR LOPEZ | DIRECTOR/MEM Trustee or director | – | $0 |
| JOSE PORTELA | DIRECTOR/MEM Trustee or director | – | $0 |
| FERNANDO FAGUNDO | DIRECTOR/MEM Trustee or director | – | $0 |
| GRETCHEN SCALE | DIRECTOR/MEM Trustee or director | – | $0 |
| BEVERLY RAMOS | DIRECTOR/MEM Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- SECTOR RABO DEL BUEY PR-712 KM, SALINAS, PR 00751-0000
- Principal officer (990 for 2024)
- JORGE RENDON, PO BOX 2004, SALINAS, 00751, RQ
- Signed the 990
- JORGE RENDON, EXECUTIVE DIRECTOR
- Phone
- (787) 824-2200
- Website
- ALBERGUEOLIMPICO.COM
- Return prepared by
- ZAYAS MORAZZANI & CO
Mission
THE MISSION OF THE ORGANIZATION IS TO PROVIDE AND TO MAINTAIN THE LEVEL REQUIRED FOR THE TRAINING OF PUERTO RICO'S HIGH PERFOMANCE ATHLETES.
Program accomplishments
- SERVICE TO OLYMPIC FEDERATION PROGRAM WAS ACHIVED BY PROVIDING TO THE HIGHEST PERFORMANCE ATHLETES BELONGING TO SUCH FEDERATIONS THE REQUESTED LEVEL OF TRAINING WHICH INCLUDES AMONG OTHERS EDUCATION, ROOM AND BOARD AND SPECIALIZED TRAINING INTO THE ARTS AND SCIENCES OF DIFFERENT SPORTS.Expenses $5,886,643 · grants $617,185
- OTHER ACADEMIC AND SPORTS SERVICE PROGRAM WAS PROVIDED PRIMARILY TO STUDENTS ENROLLED IN THE ALBERGUE OLIMPICO BASEBALL ACADEMY PROGRAM WHICH INCLUDES TUITION, FEES, ROOM AND MEALS. OTHER SPORTS RECREATIONAL FACILITIES PROGRAM WAS PROVIDED TO THE GENERAL PUBLIC WHICH INCLUDE THE SALE OF TICKETS FOR ADMISSION TO PARKS, THE SALES OF MERCHANDISE, FOOD AND BEVERAGE AT THE PARKS, SHOPS AREAS AND FOOD COURTS.Expenses $1,537,437
- SPORTS MEDICINE SERVICES PROGRAM INCLUDES A CONTRACT WITH THE UNIVERSITY OF PUERTO RICO MEDICAL SCIENCE CAMPUS TO SUPPLY AND PAY FOR MATERIALS, CLEANING SERVICES, MAINTENANCE AND SURVEILLANCE OF FACILITIES THAT THE CENTER FOR SPORTS HEALTH AND EXCERCISE SCIENCE OCCUPIES. THE CENTER OCCUPIES IN THE ALBERGUE OLIMPICO A VARIETY OF SPORTS MEDICINE SERVICES WITH A PREVENTIVE APPROACH TO ATHLETES OF NATIONAL FEDERATIONS, STUDENT ATHLETES AND TO THE GENERAL COMMUNITY. THE FIDEICOMISO OLIMPICO WILL PROVIDE TELEPHONE, WATER, ELECTRICITY AND RENT SERVICESExpenses $265,891 · grants $175,000
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 66-0630488
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N40)
- Assets (IRS master file)
- $25,210,309
- Income (IRS master file)
- $10,680,318
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $10,680,318 | $11,792,191 | $25,210,309 | XML |
| 990 | December 2023 | $13,895,760 | $12,172,990 | $28,085,060 | XML |
| 990 | December 2022 | $7,259,343 | $8,511,025 | $25,799,936 | IRS |
| 990 | December 2021 | $3,740,055 | $8,692,631 | $27,112,601 | 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 66-0630488).
Questions about FONDO PERMANENTE PARA LA ADMINISTRACION OPERACION Y
- What is the EIN of FONDO PERMANENTE PARA LA ADMINISTRACION OPERACION Y?
- The employer identification number (EIN) of FONDO PERMANENTE PARA LA ADMINISTRACION OPERACION Y is 66-0630488.
- Is FONDO PERMANENTE PARA LA ADMINISTRACION OPERACION Y tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to FONDO PERMANENTE PARA LA ADMINISTRACION OPERACION Y tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FONDO PERMANENTE PARA LA ADMINISTRACION OPERACION Y 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 FONDO PERMANENTE PARA LA ADMINISTRACION OPERACION Y 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 FONDO PERMANENTE PARA LA ADMINISTRACION OPERACION Y 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 FONDO PERMANENTE PARA LA ADMINISTRACION OPERACION Y?
- The 990 for the year ended December 31, 2024 names JORGE RENDON.
- Who are the officers and directors of FONDO PERMANENTE PARA LA ADMINISTRACION OPERACION Y?
- The 990 for the year ended December 31, 2024 lists 16 people; 0 received compensation from the organization.
- How much revenue does FONDO PERMANENTE PARA LA ADMINISTRACION OPERACION Y have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $10,680,318, expenses of $11,792,191 and total assets of $25,210,309 at year end.
Other nonprofits in SALINAS
- ASOCIACION DE RESIDENTES DE LA MARGARITA EIN 66-0953218 · last filed 990 for 2025
- COOPERATIVA DE ENERGIA LA MARGARITA-ABEYNO COOP EIN 66-1007500 · last filed 990-EZ for 2025
- DE A POKITO POR PUERTO RICO INC EIN 66-1053237 · last filed 990-N for 2025
All nonprofits in SALINAS · Puerto Rico · Recreation and sports