Nonprofit · EIN 66-0817772
FOUNDATION FOR A BETTER PUERTO RICO INC
Tax-exempt · CULEBRA, PR 00775
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $280,167 | $195,322 | $84,845 | $304,471 | $4,820 | $299,651 |
| December 31, 2023 | 990 | $261,464 | $148,315 | $113,149 | $219,562 | $4,756 | $214,806 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $279,095
- Program service revenue
- $0
- Investment income
- $1,072
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $108,244
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $10,574
- Program services (functional)
- $178,352
- Management and general (functional)
- $16,970
Balance sheet and other
- Total assets, start of year
- $219,562
- Total assets, end of year
- $304,471
- Total liabilities, end of year
- $4,820
- Net assets, end of year
- $299,651
- Land, buildings and equipment
- $250,000
- Net assets without donor restrictions
- $299,651
- Gross receipts
- $280,167
- Employees
- 0
- Year formed
- 2014
- 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 |
|---|---|---|---|
| DENNIS R HICKEY-RIVERA | President Trustee or director, Officer | 10 | $0 |
| THERESA BISCHOFF | Secretary Treasurer Trustee or director, Officer | 20 | $0 |
| BETSY GOTBAUM | Board Director Trustee or director | 1 | $0 |
| KEYLA TORRES | Board Director Trustee or director | 1 | $0 |
| CORRIE LEFEBVRE | Board Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DENNIS R HICKEY-RIVERA | President Trustee or director, Officer | 10 | $0 |
| TONIO BURGOS | Vicepresident Trustee or director | 1 | $0 |
| THERESA BISCHOFF | Secretary Treasurer Trustee or director, Officer | 20 | $0 |
| BETSY GOTBAUM | Board Director Trustee or director | 1 | $0 |
| KEYLA TORRES | Board Director Trustee or director | 1 | $0 |
| CORRIE LEFEBVRE | Board Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 938, CULEBRA, PR 00775-0938
- In care of
- % THERESA BISCHOFF
- Principal officer (990 for 2024)
- Dennis R Hickey Rivera, PO Box 938, Culebra, PR 00775
- Signed the 990
- DENNIS HICKEY, President
- Phone
- (787) 240-1022
- Website
- www.betterpuertorico.org
- Return prepared by
- Executive Accounting LLC
Mission
It is to support people and programs that build a stronger PR. The range of areas to be supported would include education, health, environment, economic development, disaster preparedness and response.
Program accomplishments
- The Foundation supported and collaborated with existing organizations that are doing philanthropic or community programs to a stronger Puerto Rico in the areas of education, health, the environment, economic development and disaster preparedness.Expenses $178,352
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 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 66-0817772
- 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
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $326,625
- Income (IRS master file)
- $193,348
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $280,167 | $195,322 | $304,471 | XML |
| 990 | December 2023 | $261,464 | $148,315 | $219,562 | XML |
| 990 | December 2022 | $358,129 | $772,559 | $108,208 | 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 66-0817772).
Questions about FOUNDATION FOR A BETTER PUERTO RICO INC
- What is the EIN of FOUNDATION FOR A BETTER PUERTO RICO INC?
- The employer identification number (EIN) of FOUNDATION FOR A BETTER PUERTO RICO INC is 66-0817772.
- Is FOUNDATION FOR A BETTER PUERTO RICO INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to FOUNDATION FOR A BETTER PUERTO RICO INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATION FOR A BETTER 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 A BETTER PUERTO RICO 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 FOUNDATION FOR A BETTER 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 A BETTER PUERTO RICO INC?
- The 990 for the year ended December 31, 2024 names Dennis R Hickey Rivera.
- Who are the officers and directors of FOUNDATION FOR A BETTER PUERTO RICO INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does FOUNDATION FOR A BETTER PUERTO RICO INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $280,167, expenses of $195,322 and total assets of $304,471 at year end.
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