Nonprofit · EIN 66-0932719
FUNDACION CORAZON ELASTICO INC
Tax-exempt · BAYAMON, PR 00959
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $127,748 | $121,974 | $5,774 | $44,557 | $800 | $43,757 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $28,600
- Program service revenue
- $99,148
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $46,998
- Salaries, compensation and benefits (total)
- $35,353
- Professional fees and payments to contractors
- $37,250
- Occupancy
- $10,024
- Other expenses
- $39,347
- Program services (functional)
- $18,600
Balance sheet and other
- Total assets, start of year
- $39,527
- Total assets, end of year
- $44,557
- Total liabilities, end of year
- $800
- Net assets, end of year
- $43,757
- Cash, savings and investments
- $9,256
- Gross receipts
- $127,748
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JORGE I LATORRE | EXECUTIVE DIRECTOR | 40 | $35,353 |
| JOSE CARRENO | ASSISTANT | 20 | $7,545 |
| ANA I SALGADO | ASSISTANT | 20 | $4,100 |
Address and contacts
- Address (IRS master file)
- I35 CALLE SULTANA DEL W, BAYAMON, PR 00959-4948
- In care of
- % JORGE LATORRE
- Signed the 990-EZ
- JORGE I LATORRE, EXECUTIVE DIRECTOR
- Phone
- (787) 502-2019
- Return prepared by
- Silva & Avalo CPA PSC
Mission
ART, EDUCATION AND SOCIAL ENTERTAINMENT
Program accomplishments
- Artistic workshops - San Juan, PRExpenses $8,400 · grants $10,500
- Artistic workshops - inlandExpenses $10,200 · grants $13,600
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 66-0932719
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $44,557
- Income (IRS master file)
- $127,748
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $127,748 | $121,974 | $44,557 | XML |
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 66-0932719).
Questions about FUNDACION CORAZON ELASTICO INC
- What is the EIN of FUNDACION CORAZON ELASTICO INC?
- The employer identification number (EIN) of FUNDACION CORAZON ELASTICO INC is 66-0932719.
- Is FUNDACION CORAZON ELASTICO INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to FUNDACION CORAZON ELASTICO INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FUNDACION CORAZON ELASTICO 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 CORAZON ELASTICO 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 FUNDACION CORAZON ELASTICO INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of FUNDACION CORAZON ELASTICO INC?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $35,353 (JORGE I LATORRE, EXECUTIVE DIRECTOR).
- How much revenue does FUNDACION CORAZON ELASTICO INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $127,748, expenses of $121,974 and total assets of $44,557 at year end.
Other nonprofits in BAYAMON
- UNIVERSIDAD CENTRAL DEL CARIBE INC EIN 66-0349669 · last filed 990 for 2025
- CARIBBEAN UNIVERSITY EIN 23-7409172 · last filed 990 for 2025
- COMMUNITY HEALTH FOUNDATION OF PUERTO RICO EIN 66-0749601 · last filed 990 for 2024
- UNIVERSIDAD CENTRAL DE BAYAMON INC EIN 66-0259904 · last filed 990 for 2025
- CDT GMSP INC EIN 66-0613484 · last filed 990 for 2024
- FUNDACION STEFANO STEENBAKKERS BETANCOURT CORP EIN 66-0797062 · last filed 990 for 2024
- ESPERANZA PARA LA VEJEZ INC EIN 66-0268234 · last filed 990 for 2025
- SHALOM FACILITY INC URB ROYAL TOWN EIN 66-0472345 · last filed 990 for 2025