Nonprofit · EIN 66-0783031
CENTRO PARA EMPRENDEDORES INC
Also known as CENTRO PARA EMPRENDEDORES
Tax-exempt · CAGUAS, PR 00725
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,079,555 | $893,337 | $186,218 | $779,626 | $300,820 | $478,806 |
| December 31, 2023 | 990 | $972,688 | $1,054,927 | -$82,239 | $725,464 | $558,818 | $166,646 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,079,400
- of which government grants
- $560,038
- Program service revenue
- $0
- Investment income
- $155
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $83,815
- Other salaries and wages
- $449,965
- Salaries, compensation and benefits (total)
- $616,567
- Professional fundraising fees
- $0
- Accounting fees
- $3,700
- Occupancy
- $30,880
- Travel
- $605
- Depreciation
- $1,838
- Program services (functional)
- $686,964
- Management and general (functional)
- $206,373
Balance sheet and other
- Total assets, start of year
- $731,940
- Total assets, end of year
- $779,626
- Total liabilities, end of year
- $300,820
- Net assets, end of year
- $478,806
- Land, buildings and equipment
- $17,271
- Net assets without donor restrictions
- $478,806
- Gross receipts
- $1,079,555
- Employees
- 15
- Volunteers
- 0
- Year formed
- 2012
- 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 |
|---|---|---|---|
| Jorge J Muniz | Director of Finance Key employee | 30 | $47,734 |
| Fernando Garcia | executive director Key employee | 40 | $36,080 |
| Nerma Albertorio | President Trustee or director | 40 | $0 |
| Gladys Nieves | President Trustee or director | 4 | $0 |
| Jorge Mejias | Officer Trustee or director | 4 | $0 |
| Victor Tomassini | Tresurer Trustee or director | 4 | $0 |
| Ivan Rios Mena | officer Trustee or director | 4 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Fernando Garcia | Vice Director Key employee | 40 | $55,946 |
| Jorge J Muniz | Director of Finance Key employee | 24 | $40,984 |
| Nerma Albertorio | Executive Director Trustee or director | 40 | $29,345 |
| Ramfis Castro | President Trustee or director | 4 | $0 |
| Gladys Nieves | Secretary Trustee or director | 4 | $0 |
| Jorge Mejias | Officer Trustee or director | 4 | $0 |
| Victor Tomassini | Tresurer Trustee or director | 4 | $0 |
| Ivan Rios Mena | officer Trustee or director | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 10 CALLE BALDORIOTY, CAGUAS, PR 00725-0000
- In care of
- % NERMA ALBERTORIO
- Principal officer (990 for 2024)
- Nerma Albertorio, PO BOX 6135, CAGUAS, PR 007266135
- Signed the 990
- Jorge, Muniz
- Phone
- (787) 325-3343
- Website
- centroparaemprendedores.org
Mission
To teach entrepreneurship to people interested in starting businesses in Puerto Rico with the mission of improving local and country economy thru small businesses.
Program accomplishments
- We educated participants in compliance with regulations on how to start their own business.Expenses $564,633 · revenue $540,791
- We teached stablished entrepreneurs on how to grow their businesses.Expenses $70,483 · revenue $160,000
- We provided with educational workshops to participants of the program.Expenses $51,848 · revenue $114,710
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
- 66-0783031
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $779,626
- Income (IRS master file)
- $1,079,555
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,079,555 | $893,337 | $779,626 | XML |
| 990 | December 2023 | $972,688 | $1,054,927 | $725,464 | XML |
| 990 | December 2022 | $1,062,589 | $927,822 | $727,826 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 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 66-0783031).
Questions about CENTRO PARA EMPRENDEDORES INC
- What is the EIN of CENTRO PARA EMPRENDEDORES INC?
- The employer identification number (EIN) of CENTRO PARA EMPRENDEDORES INC is 66-0783031.
- Is CENTRO PARA EMPRENDEDORES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to CENTRO PARA EMPRENDEDORES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CENTRO PARA EMPRENDEDORES 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 CENTRO PARA EMPRENDEDORES 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 CENTRO PARA EMPRENDEDORES 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 CENTRO PARA EMPRENDEDORES INC?
- The 990 for the year ended December 31, 2024 names Nerma Albertorio.
- Who are the officers and directors of CENTRO PARA EMPRENDEDORES INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $47,734 (Jorge J Muniz, Director of Finance).
- How much revenue does CENTRO PARA EMPRENDEDORES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,079,555, expenses of $893,337 and total assets of $779,626 at year end.
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