Nonprofit · EIN 66-0776227
FOUNDATION FOR PUERTO RICO INC
Tax-exempt · SAN JUAN, PR 00912
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,532,198 | $4,541,322 | -$9,124 | $6,179,788 | $2,691,490 | $3,488,298 |
| December 31, 2023 | 990 | $4,333,453 | $4,622,360 | -$288,907 | $5,529,867 | $2,058,188 | $3,471,679 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,423,440
- Program service revenue
- $0
- Investment income
- $81,460
- Net gain from sales of assets
- $41,570
- Other revenue
- $27,298
Expenses
- Grants and similar amounts paid
- $95,441
- Compensation of officers, directors and key employees
- $496,415
- Other salaries and wages
- $2,117,421
- Salaries, compensation and benefits (total)
- $2,897,844
- Professional fundraising fees
- $0
- Accounting fees
- $74,000
- Travel
- $10,416
- Depreciation
- $213,738
- Program services (functional)
- $2,607,132
- Management and general (functional)
- $1,581,083
- Fundraising (functional)
- $353,107
Balance sheet and other
- Total assets, start of year
- $5,529,867
- Total assets, end of year
- $6,179,788
- Total liabilities, end of year
- $2,691,490
- Net assets, end of year
- $3,488,298
- Land, buildings and equipment
- $94,268
- Net assets without donor restrictions
- $2,163,004
- Net assets with donor restrictions
- $1,325,294
- Gross receipts
- $37,966,090
- Employees
- 60
- Volunteers
- 1
- Year formed
- 2011
- 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 |
|---|---|---|---|
| DAMARIS OCASIO NIEVES | CFO Officer | 40 | $159,990 |
| SOLEDAD GAZTAMBIDE ARANDES | CHIEF OFFICE Highest-paid employee | 40 | $127,100 |
| CESAR A SANTOS CARDONA | HR DIRECTOR Highest-paid employee | 40 | $105,100 |
| ALMA M FRONTERA COLON | VP OPERATION Highest-paid employee | 40 | $104,225 |
| ALEXANDER BORSCHOW | DIRECTOR Trustee or director | – | $0 |
| JONATHAN BORSCHOW | CHAIRMAN Trustee or director, Officer | – | $0 |
| RONALD CASTRO | DIRECTOR Trustee or director | – | $0 |
| GRACIELA ELETA | VICE-CHAIRWO Trustee or director, Officer | – | $0 |
| JESUS LOPEZ | DIRECTOR Trustee or director | – | $0 |
| RAMON MELLADO | CHAIR GOVERN Trustee or director, Officer | – | $0 |
| CARLOS L RODRIGUEZ RAMOS | DIRECTOR Trustee or director | – | $0 |
| JUAN A RAMOS | DIRECTOR Trustee or director | – | $0 |
| INGRID RIVERA | SECRETARY Trustee or director, Officer | – | $0 |
| ZULMARIE URRUTIA | TREASURER Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAMARIS OCASIO NIEVES | CFO Officer | 40 | $161,605 |
| ALMA M FRONTERA COLON | VP OPERATION Highest-paid employee | – | $150,100 |
| SOLEDAD GAZTAMBIDE ARANDES | CHIEF OFFICE Highest-paid employee | – | $127,100 |
| CESAR A SANTOS CARDONA | HR DIRECTOR Highest-paid employee | – | $105,100 |
| ALEXANDER BORSCHOW | DIRECTOR Trustee or director | 1 | $0 |
| JONATHAN BORSCHOW | CHAIRMAN Trustee or director, Officer | 10 | $0 |
| RONALD CASTRO | DIRECTOR Trustee or director | 1 | $0 |
| GRACIELA ELETA | VICE-CHAIRWO Trustee or director, Officer | 2 | $0 |
| JESUS LOPEZ | DIRECTOR Trustee or director | 1 | $0 |
| RAMON MELLADO | CHAIR GOVERN Trustee or director, Officer | 1 | $0 |
| RAFAEL ORTIZ | DIRECTOR Trustee or director | 1 | $0 |
| CARLOS L RODRIGUEZ RAMOS | DIRECTOR Trustee or director | 1 | $0 |
| JUAN A RAMOS | DIRECTOR Trustee or director | 1 | $0 |
| INGRID RIVERA | SECRETARY Trustee or director, Officer | 1 | $0 |
| ZULMARIE URRUTIA | TREASURER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1500 CALLE ANTONSANTI, SAN JUAN, PR 00912-3139
- Principal officer (990 for 2024)
- DAMARIS OCASIO NIEVES, PO BOX 364029, SAN JUAN, PR 009364029
- Signed the 990
- DAMARIS OCASIO NIEVES, CFO
- Phone
- (787) 773-1100
- Return prepared by
- KEVANE GRANT THORNTON LLP
Mission
THE MAIN OBJECTIVE OF THE ORGANIZATION IS TO PROMOTE STRATEGIC PHILANTHROPY AS CATALYST TO ACCELERATE THE ECONOMIC, SOCIAL, AND SUSTAINABLE DEVELOPMENT IN PUERTO RICO BY COMMISSIONING HIGHLY FOCUSED RESEARCH, OFFERING EXPERT COUNSEL AND CONDUCTING EDUCATIONAL ACTIVITIES THAT WILL ADVANCE THE PHILANTHROPIC INITIATIVES AND PROGRAMS TO BE SUPPORTED BY THE ORGANIZATION.
Program accomplishments
- RESILIENCY INITIATIVES - SUPPORTS THE REBUILDING AND RECOVERY EFFORTS OF THE ISLAND THROUGH PARTICIPATORY PLANNING PROCESSES, RESILIENCY DONATIONS, EDUCATIONAL TOOLS AND MATERIALS, TECHNICAL ASSISTANCE, AND INSPIRATION TO A NEW GENERATION OF RESILIENT COMMUNITIES THAT WILL BE PREPARED TO SURVIVE AND THRIVE IN THE FACE OF UNFORSEEN ADVERSITY.Expenses $1,770,644
- ECONOMIC DEVELOPMENT INITIATIVES - INCLUDES THE IMPLEMENTATION OF ECONOMIC DEVELOPMENT STRATEGIES IN THE COMMUNITIES OF PUERTO RICO WHILE MAXIMIZING OUR ASSETS. ALSO, WORKING ON STRENGTHENING THE THIRD SECTOR, ENTREPRENEURIAL AND BUSINESS ECOSYSTEMS, AND SOCIAL CAPITAL IN GENERAL. ALL FROM THE "BOTTOM UP".Expenses $770,428
- POLICY, RESEARCH, AND INNOVATION INITIATIVES - DRIVE INNOVATION THROUGH POLICY AND RESEARCH, SHARING KNOWLEDGE AND BEST PRACTICES, AND DEVELOPING STRATEGIES IN COLLABORATION WITH PARTNERS TO ADDRESS CRITICAL CHALLENGES AND OPPORTUNITIES AFFECTING OUR COMMUNITIES, WITH THE MAIN GOAL OF BRINGING GROWTH AND TRANSFORMATION TO PUERTO RICO'S ECONOMY. SEEKS TO IMPLEMENT INNOVATIVE AND STRATEGIC INNITIATIVE THROUGH THE CENTER OF STRATEGIC INNOVATION.Expenses $66,060
- SCALLING UP FOR INNOVATION - SUPPORTS AND COLLABORATES TO BUILD THE CAPACITY OF NON-PROFIT ORGANIZATIONS SO THEY MAY INNOVATE, BECOME COMPETITIVE, AND TAKE ADVANTAGE OF GLOBAL OPPORTUNITIES.
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
- 66-0776227
- 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
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $6,179,788
- Income (IRS master file)
- $37,966,090
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,532,198 | $4,541,322 | $6,179,788 | XML |
| 990 | December 2023 | $4,333,453 | $4,622,360 | $5,529,867 | XML |
| 990 | December 2022 | $6,329,800 | $4,635,720 | $5,842,849 | IRS |
| 990 | December 2021 | $7,478,799 | $7,301,165 | $4,538,825 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 66-0776227).
Questions about FOUNDATION FOR PUERTO RICO INC
- What is the EIN of FOUNDATION FOR PUERTO RICO INC?
- The employer identification number (EIN) of FOUNDATION FOR PUERTO RICO INC is 66-0776227.
- Is FOUNDATION FOR PUERTO RICO INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to FOUNDATION FOR PUERTO RICO INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATION FOR PUERTO RICO 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 FOUNDATION FOR PUERTO RICO 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 FOUNDATION FOR PUERTO RICO 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 FOUNDATION FOR PUERTO RICO INC?
- The 990 for the year ended December 31, 2024 names DAMARIS OCASIO NIEVES.
- Who are the officers and directors of FOUNDATION FOR PUERTO RICO INC?
- The 990 for the year ended December 31, 2024 lists 14 people; 4 received compensation from the organization, the highest $159,990 (DAMARIS OCASIO NIEVES, CFO).
- How much revenue does FOUNDATION FOR PUERTO RICO INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,532,198, expenses of $4,541,322 and total assets of $6,179,788 at year end.
Other nonprofits in SAN JUAN
- INVEST PUERTO RICO INC EIN 66-0891535 · last filed 990 for 2025
- RED POT LOS DERECHOS DE LA NINEZ Y JUVENTUD DE PUERTO RICO INC EIN 66-0837840 · last filed 990 for 2024
- CENTRO PARA LA RECONSTRUCCION DEL HABITAT EIN 66-0895294 · last filed 990 for 2025
- CENTRO DE ECONOMIA CREATIVA INC EIN 66-0943858 · last filed 990 for 2024
- FONDO DE INVERSION Y DESARROLLO COOPERATIVE INC EIN 66-0631697 · last filed 990 for 2025
- PUERTO RICO MANUFACTURING EXTENSION PRIMEX INC EIN 66-0522632 · last filed 990 for 2025
- CENTRO UNIDO DE DETALLISTAS EIN 66-0189899 · last filed 990 for 2024
- PLATFORM FOR SOCIAL IMPACT EIN 66-0963647 · last filed 990 for 2025
All nonprofits in SAN JUAN · Puerto Rico · Community improvement and capacity building