Nonprofit · EIN 66-0888097
PR EDUCATION INITIATIVE CORP
Tax-exempt (reinstated) · SAN JUAN, PR 00908
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $371,116 | $473,881 | -$102,765 | $140,061 | $1,927 | $138,134 |
| December 31, 2023 | 990 | $416,344 | $580,888 | -$164,544 | $251,451 | $10,552 | $240,899 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $371,116
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $119,999
- Salaries, compensation and benefits (total)
- $129,833
- Professional fundraising fees
- $0
- Legal fees
- $2,200
- Accounting fees
- $22,027
- Occupancy
- $11,345
- Program services (functional)
- $216,391
- Management and general (functional)
- $257,490
Balance sheet and other
- Total assets, start of year
- $251,451
- Total assets, end of year
- $140,061
- Total liabilities, end of year
- $1,927
- Net assets, end of year
- $138,134
- Net assets without donor restrictions
- $36,263
- Net assets with donor restrictions
- $101,871
- Gross receipts
- $371,116
- Employees
- 1
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 |
|---|---|---|---|
| DOMINIQUE A GI | EXECUTIVE DIRE Trustee or director, Highest-paid employee | 40 | $119,999 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DOMINIQUE A GI | EXECUTIVE DIRE Trustee or director, Highest-paid employee | 40 | $30,000 |
Address and contacts
- Address (IRS master file)
- PO BOX 10050, SAN JUAN, PR 00908-1050
- Principal officer (990 for 2024)
- DAVID BOGATY, PO BOX 10050, SAN JUAN, PR 00908
- Signed the 990
- PR EDUCATION INITIATIVE CORP, EXECUTIVE DIRECTOR
- Phone
- (787) 641-7809
- Website
- PREINITIATIVE.ORG
- Return prepared by
- UHY DEL VALLE & NIEVES PSC
Mission
WE ARE A NON-PROFIT, INDEPENDENT, APOLLITICAL ORGANIZATION THAT SUPPORTS THE STRATEGIC INNOVATION AND TRANSFORMATION OF THE PUBLIC EDUCATION IN PUERTO RICO.
Program accomplishments
- SCHOOL GRANTSExpenses $473,881 · revenue $371,116
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
- 66-0888097
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $140,061
- Income (IRS master file)
- $371,116
Revocation and reinstatement
- Exemption revoked
- May 15, 2024
- Posted by the IRS
- August 12, 2024
- Reinstated
- Effective May 15, 2024
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $371,116 | $473,881 | $140,061 | IRS |
| 990 | December 2023 | $416,344 | $580,888 | $251,451 | XML |
| 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 66-0888097).
Questions about PR EDUCATION INITIATIVE CORP
- What is the EIN of PR EDUCATION INITIATIVE CORP?
- The employer identification number (EIN) of PR EDUCATION INITIATIVE CORP is 66-0888097.
- Is PR EDUCATION INITIATIVE CORP tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2024 and reinstated it effective May 15, 2024.
- Are donations to PR EDUCATION INITIATIVE CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PR EDUCATION INITIATIVE CORP 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 PR EDUCATION INITIATIVE CORP 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 PR EDUCATION INITIATIVE CORP 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 PR EDUCATION INITIATIVE CORP?
- The 990 for the year ended December 31, 2024 names DAVID BOGATY.
- Who are the officers and directors of PR EDUCATION INITIATIVE CORP?
- The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $119,999 (DOMINIQUE A GI, EXECUTIVE DIRE).
- How much revenue does PR EDUCATION INITIATIVE CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $371,116, expenses of $473,881 and total assets of $140,061 at year end.
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