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Nonprofiteer
← CENTRO DE PERIODISMO INVESTIGATIVO INC

Form 990 for tax year 2023

Filed by CENTRO DE PERIODISMO INVESTIGATIVO INC.

Totals

Total revenue
$2,509,176
Total expenses
$1,942,786
Contributions and grants received
$2,502,781
Grants paid
$0
Program service revenue
$0
Investment income
$6,395
Other revenue
$0
Total assets, end of year
$2,651,307
Total liabilities, end of year
$60,646
Net assets or fund balances, end of year
$2,590,661
Program services expenses (Part IX)
$1,307,974
Management and general expenses
$383,596
Fundraising expenses
$251,216
Program service expenses (Part III)
$1,307,974

Program services were 67.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,502,781

  • 3 · Investment income

    total $6,395 · related or exempt $6,395

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $82,912 · management and general $58,038 · fundraising $24,874

  • 7 · Other salaries and wages

    total $735,573 · program services $588,360 · management and general $53,630 · fundraising $93,583

  • 9 · Other employee benefits

    total $86,047 · program services $58,700 · management and general $13,783 · fundraising $13,564

  • 10 · Payroll taxes

    total $72,433 · program services $45,010 · management and general $18,361 · fundraising $9,062

  • 11b · Fees: legal

    total $33,146 · program services $9,896 · management and general $23,250

  • 11c · Fees: accounting

    total $99,488 · program services $70,248 · management and general $14,615 · fundraising $14,625

  • 11g · Fees: other

    total $335,979 · program services $245,293 · management and general $28,843 · fundraising $61,843

  • 12 · Advertising and promotion

    total $80,366 · program services $20,310 · management and general $60,056

  • 13 · Office expenses

    total $12,238 · program services $5,207 · management and general $7,031

  • 14 · Information technology

    total $48,270 · program services $17,187 · management and general $30,429 · fundraising $654

  • 16 · Occupancy

    total $26,229 · program services $7,200 · management and general $18,129 · fundraising $900

  • 17 · Travel

    total $122,320 · program services $89,996 · management and general $20,804 · fundraising $11,520

  • 19 · Conferences, conventions and meetings

    total $41,456 · program services $28,912 · management and general $4,107 · fundraising $8,437

  • 22 · Depreciation, depletion and amortization

    total $25,288 · program services $17,856 · management and general $3,715 · fundraising $3,717

  • 23 · Insurance

    total $10,824 · program services $7,643 · management and general $1,590 · fundraising $1,591

  • 24a · Other expenses: Administration services

    total $40,030 · program services $19,011 · management and general $21,019

  • 24b · Other expenses: Maintenance and minor repair

    total $11,485 · program services $8,110 · management and general $1,687 · fundraising $1,688

  • 24c · Other expenses: Memberships and dues

    total $11,952 · program services $11,548 · management and general $404

  • 24d · Other expenses: Fellowship awards to journal

    total $21,390 · program services $21,390

  • 24e · All other expenses

    total $45,360 · program services $36,097 · management and general $4,105 · fundraising $5,158

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,001,291 · end of year $1,463,399

  • 2 · Savings and temporary cash investments

    beginning of year $165,360 · end of year $15,351

  • 3 · Pledges and grants receivable

    beginning of year $457,932 · end of year $835,111

  • 4 · Accounts receivable

    beginning of year $350 · end of year $21,042

  • 8 · Inventories for sale or use

    beginning of year $9,318 · end of year $8,585

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,458 · end of year $4,629

  • 10a · Land, buildings and equipment: cost or other basis

    $384,312

  • 10b · Land, buildings and equipment: accumulated depreciation

    $81,122

  • 10c · Land, buildings and equipment, net

    beginning of year $321,298 · end of year $303,190

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,684 · end of year $60,646

  • 27 · Net assets without donor restrictions

    beginning of year $1,430,264 · end of year $2,177,270

  • 28 · Net assets with donor restrictions

    beginning of year $490,059 · end of year $413,391

Mission and programs · 2023

Mission

Be an instrument to produce, promote and defend investigative journalism and the publics right to access information.

  • JOURNALISM: CPIs journalism work has been significant in the production, promotion, and defense of investigative journalism in Puerto Rico and across the Americas. Our efforts have contributed to holding those in power accountable. As a strategy to achieve our objectives, we join forces with media partners in Puerto Rico, the U.S. mainland, and with journalists in the Caribbean. In 2023 reporting continued in health, economy, education, housing, climate and environmental stories, which addressed issues impacting our communities daily lives. During 2023 our publications increased and our reach grew. We retained a partnership with Telemundo/Rayos X, this allows us to participate in TV every week. We also maintained our gender issues unit as well as our public education unit. Our DE CERCA podcast had over 1,100 download and expanded reach through partners such as Radio Universidad, Radio Isla and Radio Raices, who retransmitted the episodes.

    Expenses $889,832

  • TRAINING INSTITUTE: The institute offers professional education to journalism students and professionals in investigative journalism. The program also provides mentorship and fellowship. The institute membership grew to 101 members in 2023. Also, we trained community young people in media literacy and citizen journalism.

    Expenses $301,435

  • TRANSPARENCY AND LITIGATION: Our Transparency program advances our mission of providing access to information and transparency intended to have more knowledgeable citizens capable of holding the powerful accountable. The Tranparency team works with the support of the Legal Clinic of the Inter-American University School of Law, including litigation when necessary. In 2023 we retained an Equal Justice Fellow lawyer to do in house legal research, advisory on strategic litigation cases, community outreach, and give workshops on access to information. Additionally, our team published some helpful resources such as a guide to request public information to municipalities and agencies. New cases were filed to increase transparency across agencies and municipalities in Puerto Rico.

    Expenses $116,707

As filed on the 2023 return.

Listed in Part VII

  • Carla Santos

    Executive Director

    Total calculated
    $82,911
    From this org
    $82,911
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

  • Omaya Sosa

    Founder Member

    Total calculated
    $61,356
    From this org
    $61,356
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Oscar Serrano

    Founder Member

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Patricia Gutierrez

    Vocales

    Total calculated
    $0
    Hours/week
    1

  • Efren Rivera

    Vocales

    Total calculated
    $0
    Hours/week
    2

  • Janice Petrovitch

    Vocales

    Total calculated
    $0
    Hours/week
    1

  • Carlos Ramos

    Secretary

    Total calculated
    $0
    Hours/week
    3

  • Carlos Rodriguez

    President

    Total calculated
    $0
    Hours/week
    3

  • Luis Guardiola

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Judith Berkan

    Treasurer

    Total calculated
    $0
    Hours/week
    10

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2024
IRS schema version
2023v5.0
Source object
202401369349309360

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