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Nonprofit · EIN 66-0804845

FUNDACION CORTES INC

Tax-exempt · SAN JUAN, PR 00936

Financials

$619K$538K2023$688K$754K2024$742K$734K2025
Revenue Expenses · by fiscal year end
Financials of FUNDACION CORTES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$741,914$734,172$7,742$148,685$141,957$6,728
December 31, 2024990$688,307$754,326-$66,019$187,562$188,576-$1,014
December 31, 2023990$618,709$538,035$80,674$283,691$218,686$65,005
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$741,914
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$187,117
Salaries, compensation and benefits (total)
$206,610
Professional fundraising fees
$0
Occupancy
$172,800
Program services (functional)
$376,218
Management and general (functional)
$291,956
Fundraising (functional)
$65,998

Balance sheet and other

Total assets, start of year
$187,562
Total assets, end of year
$148,685
Total liabilities, end of year
$141,957
Net assets, end of year
$6,728
Gross receipts
$741,914
Employees
8
Volunteers
10
Year formed
2013
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, 2025, highest compensation first.

NameTitleHours / weekCompensation
IGNACIO CORTES-GELPIPRESIDENT & TREASURER
Officer
4$0
ELAINE SHEHABSECRETARY
Officer
4$0
EVA DIAZ ACEVEDODIRECTOR
Trustee or director
1$0
JAVIER CORTES GONZALEZDIRECTOR
Trustee or director
1$0
ADLIN RIOS RIGAUDIRECTOR
Trustee or director
1$0
ALBERTO BACO BAGUEDIRECTOR
Trustee or director
1$0
JOSE MOREYDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2024: 7 people
NameTitleHours / weekCompensation
IGNACIO CORTES-GELPIPRESIDENT & TREASURER
Officer
4$0
ELAINE SHEHABSECRETARY
Officer
4$0
EVA DIAZ ACEVEDODIRECTOR
Trustee or director
1$0
JAVIER CORTES GONZALEZDIRECTOR
Trustee or director
1$0
ADLIN RIOS RIGAUDIRECTOR
Trustee or director
1$0
ALBERTO BACO BAGUEDIRECTOR
Trustee or director
1$0
SORAYA RODRIGUEZ VAZQUEZDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
IGNACIO CORTES-GELPIPRESIDENT & TREASURER
Officer
4$0
ELAINE SHEHABSECRETARY
Officer
4$0
EVA DIAZ ACEVEDODIRECTOR
Trustee or director
1$0
JAVIER CORTES GONZALEZDIRECTOR
Trustee or director
1$0
ADLIN RIOS RIGAUDIRECTOR
Trustee or director
1$0
ALBERTO BACO BAGUEDIRECTOR
Trustee or director
1$0
SORAYA RODRIGUEZ VAZQUEZDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 363626, SAN JUAN, PR 00936-3626
In care of
% IGNACIO CORTES GELPI
Principal officer (990 for 2025)
IGNACIO CORTES, PO BOX 363626, SAN JUAN, PR 009363626
Signed the 990
IGNACIO CORTES, PRESIDENT
Phone
(787) 754-7040
Return prepared by
VEGA PALAU LLC

Mission

PROMOTE EDUCATIONAL AND ARTISTIC ACTIVITIES

990 for the year ended December 31, 2025

Program accomplishments

  • Promote educational and artistic activities for the general public and to promote Caribbean art and culture through education. All the Organizations activities are aimed at raising funds to enable it to accomplish its educational goals. In addition the major educational programs and activities conducted by the Organization are: . Educa Cortes - provides educational programs leading to increased appreciation of art to complement academic standards and expectations on all school subjects and or requested themes, and to provide healing through art activities. This is accomplished through educational workshops, both for adults and school age youth. . Afternoons of Art and Music - programs for the development of appreciation for varied expressions of Caribbean music and instruments. . Cortes Summer Art Workshops for Youth-mosaic, drawing, engraving, painting, and digital filmmaking summer workshops for 8-17 year old students. . Educa Cortes: The Art of Wellness and Mental Health-through this new programmatic element, the Organization integrates many forms of arts to promote the values that it believes must be prioritized in Puerto Rico; education, culture, passion, sense of responsibility, self-sufficiency, dignity, identity and social justice.
    Expenses $376,218 · revenue $741,914

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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
66-0804845
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
2015
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$148,685
Income (IRS master file)
$741,914

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$741,914$734,172$148,685XML
990December 2024$688,307$754,326$187,562XML
990December 2023$618,709$538,035$283,691XML
990December 2022$555,418$637,515$93,460IRS
990December 2021–––IRS
990December 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 66-0804845).

Questions about FUNDACION CORTES INC

What is the EIN of FUNDACION CORTES INC?
The employer identification number (EIN) of FUNDACION CORTES INC is 66-0804845.
Is FUNDACION CORTES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to FUNDACION CORTES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FUNDACION CORTES 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 FUNDACION CORTES INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FUNDACION CORTES INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of FUNDACION CORTES INC?
The 990 for the year ended December 31, 2025 names IGNACIO CORTES.
Who are the officers and directors of FUNDACION CORTES INC?
The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
How much revenue does FUNDACION CORTES INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $741,914, expenses of $734,172 and total assets of $148,685 at year end.

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