Nonprofit · EIN 66-0937678
FUNDACION RIMAS INC
Tax-exempt · SAN JUAN, PR 00907
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,067,950 | $789,806 | $278,144 | $427,038 | $4,434 | $422,604 |
| December 31, 2023 | 990 | $607,293 | $600,884 | $6,409 | $163,949 | $20,001 | $143,948 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,067,950
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $75,300
- Other salaries and wages
- $134,606
- Salaries, compensation and benefits (total)
- $233,122
- Professional fundraising fees
- $0
- Legal fees
- $950
- Accounting fees
- $24,838
- Occupancy
- $2,853
- Travel
- $4,080
- Program services (functional)
- $576,638
- Management and general (functional)
- $204,459
- Fundraising (functional)
- $8,709
Balance sheet and other
- Total assets, start of year
- $163,949
- Total assets, end of year
- $427,038
- Total liabilities, end of year
- $4,434
- Net assets, end of year
- $422,604
- Net assets without donor restrictions
- $422,604
- Gross receipts
- $1,067,950
- Employees
- 4
- Volunteers
- 0
- Year formed
- 2018
- 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 | Other / benefits |
|---|---|---|---|---|
| JOSE R BENITEZ | EXECUTIVE DIRECTOR Key employee | 40 | $75,300 | $1,020 |
| HECTOR GONZALEZ | PRESIDENT, BOARD OF DIRECTORS Trustee or director | 7 | $0 | $0 |
| GLENNISSE PAGAN | VICE-PRESIDENT, BOARD OF DIRECTORS Trustee or director | 0 | $0 | $0 |
| JOSE JUAN TORRES | TREASURER, BOARD OF DIRECTOS Trustee or director | 0 | $0 | $0 |
| PEDRO ORTIZ | SECRETARY, BOARD OF DIRECTORD Trustee or director | 0 | $0 | $0 |
| JOSE JUAN CIRINO | SUB-TREASURER, BOARD OF DIRECTORS Trustee or director | 0 | $0 | $0 |
| IRIS ORTIZ | SUB-SECRETARY, BOARD OF DIRECTORS Trustee or director | 0 | $0 | $0 |
| ANAHI LAZARTE | DIRECTOR, BOARD OF DIRECTORS Trustee or director | 0 | $0 | $0 |
| EDGARDO RIVERA | DIRECTOR, BOARD OF DIRECTORS Trustee or director | 0 | $0 | $0 |
| JORGE BRACERO | DIRECTOR, BOARD OF DIRECTORS Trustee or director | 0 | $0 | $0 |
| JONATHAN MIRANDA | FOUNDER Trustee or director | 0 | $0 | $0 |
| NOAH ASSAD | FOUNDER Trustee or director | 0 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOSE R BENITEZ | GENERAL MANAGER Key employee | 40 | $75,000 | $4,007 |
| HECTOR GONZALEZ | PRESIDENT, BOARD OF DIRECTORS Trustee or director | 7 | $0 | $0 |
| GLENNISSE PAGAN | VICE-PRESIDENT, BOARD OF DIRECTORS Trustee or director | 0 | $0 | $0 |
| JOSE JUAN TORRES | TREASURER, BOARD OF DIRECTOS Trustee or director | 0 | $0 | $0 |
| PEDRO ORTIZ | SECRETARY, BOARD OF DIRECTORD Trustee or director | 0 | $0 | $0 |
| JOSE JUAN CIRINO | SUB-TREASURER, BOARD OF DIRECTORS Trustee or director | 0 | $0 | $0 |
| IRIS ORTIZ | SUB-SECRETARY, BOARD OF DIRECTORS Trustee or director | 0 | $0 | $0 |
| ANAHI LAZARTE | DIRECTOR, BOARD OF DIRECTORS Trustee or director | 0 | $0 | $0 |
| EDGARDO RIVERA | DIRECTOR, BOARD OF DIRECTORS Trustee or director | 0 | $0 | $0 |
| JORGE BRACERO | DIRECTOR, BOARD OF DIRECTORS Trustee or director | 0 | $0 | $0 |
| JONATHAN MIRANDA | FOUNDER Trustee or director | 0 | $0 | $0 |
| NOAH ASSAD | FOUNDER Trustee or director | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 644 AVE FERNANDEZ JUNCOS, SAN JUAN, PR 00907-3103
- Principal officer (990 for 2024)
- JOSE R BENITEZ, 1785 J FERRER AND FERRER APT 1503, MILENIA PARK CONDO, SAN JUAN, PR 00921
- Signed the 990
- HECTOR GONZALEZ, PRESIDENT, BOARD OF DIRECTORS
- Phone
- (787) 245-0758
- Return prepared by
- Humberto J Laboy Zengotita CPA
Mission
INSPIRE THE NEXT GENERATION OF LEADERS THROUGH SPORTS, MUSIC AND ART.
Program accomplishments
- WE ARE DEDICATED TO SHAPING THE NEXT GENERATION OF PUERTO RICAN MUSICIANS, ARTISTS AND ATHLETES. OUR COMPREHENSIVE PROGRAMS INCLUDES MUSIC PROGRAMS, COLLABORATIONS, AND ARTIST AND ATHELETE PARTNERSHIP THAT CREATE A PROFOUND IMPACT ON A DIVERSE ARRAY OF YOUNG INDIVIDUALS. THROUGH STRATEGIC ALLIANCES WITH LOCAL ORGANIZATIONS AND INDUSTRY LEADERS, WE ARE PAVING THE PATH FOR PUERTO RICO'S YOUTH TO EMERGE AS POWERFUL CATALYSTS OF POSIBLE CHANGE. DURING YEAR 2024 WE HAVE CONTRIBUTED TO MUSIC, ART AND SPORTS ACTIVITIES THROUGH INDIVIDUALS, COMMUNITIES AND GROUPS AS FOLLOWS: 1-A MOBILE MUSIC RECORDING STUDIO THAT TRAVELS TO VARIOUS COMMUNITIES IN PUERTO RICO REACHING 200 YOUTH MUSICIANS. 2-WE ESTABLISHED TWO CENTERS IN PUERTO RICO FOR THE FIRST VOCATIONAL PROGRAM IN THE MUSIC INDUSTRY AND THE ENTERTAINMENT. AROUND 200 YOUNGS ATTENDED. 3-ON COMMUNITY INITIATIVES PROGRAM, 15 STUDENTS ATTENDED A STEEL DRUM WORKSHOP AND 613 STUDENTS ATTENTED A LECTURE ON THE MUSICAL INDUSTRY LOCAL AND WORLWIDE. AROUND 230 YOUNGS ATTENDED BOXING AND BASKETBALL CLINICS AND OVER 300 CHILDREN AT A BACK-TO-SCHOOL EVENT. 4-WE AWARDED SCHOLARSHIPS AND DIRECT FINANCIAL AID TO 448 YOUNGS ON MUSIC, ART AND SPORTS. 5-WE IMPLEMENTED A PROTOCOL FOR QUICK RESPONSE ON EMERGENCIES OCURRING IN PUERTO RICO. MORE THAN 20,000 PERSONS IN 12 MUNICIPALITIES WERE ATTENDED DURING A HURRICANE, INCLUDING MEDICAL AND HEALTH ASSISTANCE.Expenses $576,638
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
- 66-0937678
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $427,038
- Income (IRS master file)
- $1,067,950
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,067,950 | $789,806 | $427,038 | IRS |
| 990 | December 2023 | $607,293 | $600,884 | $163,949 | XML |
| 990 | December 2022 | $856,759 | $719,220 | $140,718 | 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 66-0937678).
Questions about FUNDACION RIMAS INC
- What is the EIN of FUNDACION RIMAS INC?
- The employer identification number (EIN) of FUNDACION RIMAS INC is 66-0937678.
- Is FUNDACION RIMAS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to FUNDACION RIMAS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FUNDACION RIMAS 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 RIMAS 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 RIMAS 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 FUNDACION RIMAS INC?
- The 990 for the year ended December 31, 2024 names JOSE R BENITEZ.
- Who are the officers and directors of FUNDACION RIMAS INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $75,300 (JOSE R BENITEZ, EXECUTIVE DIRECTOR).
- How much revenue does FUNDACION RIMAS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,067,950, expenses of $789,806 and total assets of $427,038 at year end.
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