Nonprofit · EIN 66-0953894
PRAVAN FOUNDATION INC
Tax-exempt · SAN JUAN, PR 00909
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $125,261 | $9,304 | $115,957 | $122,765 | $36,983 | $85,782 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $126,602
- Net income from fundraising events
- -$1,341
Expenses
- Compensation of officers, directors and key employees
- $0
- Printing, publications and postage
- $2,180
- Other expenses
- $7,124
- Program services (functional)
- $7,443
Balance sheet and other
- Total assets, start of year
- $964
- Total assets, end of year
- $122,765
- Total liabilities, end of year
- $36,983
- Net assets, end of year
- $85,782
- Cash, savings and investments
- $122,765
- Gross receipts
- $126,602
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 |
|---|---|---|---|
| DAVID MELCHOR | EXECUTIVE DIRECTOR | 10 | $0 |
| TANIA RIVERA | MEDICAL DIRECTOR | 5.77 | $0 |
| JOSE ENRIQUE NASSAR | MARKETING | 2.88 | $0 |
| CLAUDIO CORRAL | PROJECT MANAGER | 3.85 | $0 |
Address and contacts
- Address (IRS master file)
- 1511 AVENIDA PONCE DE LEON SUITE 3, SAN JUAN, PR 00909-5001
- Mailing address (990-N for 2023)
- 1511 AVENIDA PONCE DE LEON STE 3, San Juan PR 00909
- Principal officer (990-N for 2023)
- DAVID MELCHOR, 1511 AVENIDA PONCE DE LEON STE 3, San Juan PR 00909
- Signed the 990-EZ
- FALCON SANCHEZ, CPA
- Phone
- (787) 427-0700
- Return prepared by
- FALCON SANCHEZ
Mission
SEE SCHEDULE O
Program accomplishments
- Advocacy for Legal Reform and Rescheduling of Psychedelic Medicine - Through research and community education we are committed to advocating for the safe, legal use of psychedelic medicine in Puerto Rico. We believe that these therapies, when supported by research and use under medical supervision, can offer transformative outcomes for individuals struggling with mental health issues.Expenses $2,481
- Empowering Minds, Transforming Lives - Our educational program is designed to raise awareness and provide accessible tools to help individuals understand their mental well-being. With self-testing resources and expert guidance, this program not only helps you take the first step toward a healthier mind but also equips you to support friends or family members who may be facing mental health challenges.Expenses $2,481
- Partnerships for Psychedelic Research - Partnering with the University of Puerto Rico and the Multidisciplinary Association for Psychedelic Studies (MAPS) to conduct groundbreaking research on the potential of MDMA to treat PTSD and other conditions. Together, we aim to generate data that can inform policymakers and advocate for the rescheduling of these medicines to make them legally accessible to those who can benefit.Expenses $2,481
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 | 990-N on file |
IRS record
- EIN
- 66-0953894
- 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
- Category (NTEE)
- Mental health and crisis intervention (F80)
- Assets (IRS master file)
- $122,765
- Income (IRS master file)
- $126,602
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $125,261 | $9,304 | $122,765 | XML |
| 990-N for 2023 Officer: DAVID MELCHOR | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
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 66-0953894).
Questions about PRAVAN FOUNDATION INC
- What is the EIN of PRAVAN FOUNDATION INC?
- The employer identification number (EIN) of PRAVAN FOUNDATION INC is 66-0953894.
- Is PRAVAN FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to PRAVAN FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRAVAN FOUNDATION 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 PRAVAN FOUNDATION 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 PRAVAN FOUNDATION 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 is the principal officer of PRAVAN FOUNDATION INC?
- The 990-N for 2023 names DAVID MELCHOR.
- Who are the officers and directors of PRAVAN FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does PRAVAN FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $125,261, expenses of $9,304 and total assets of $122,765 at year end.
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