Totals
- Total revenue
- $754,869
- Total expenses
- $634,215
- Contributions and grants received
- $587,872
- Grants paid
- $18,517
- Program service revenue
- $153,254
- Investment income
- $3,943
- Other revenue
- $9,800
- Total assets, end of year
- $680,333
- Total liabilities, end of year
- $538,872
- Net assets or fund balances, end of year
- $141,461
- Program services expenses (Part IX)
- $389,930
- Management and general expenses
- $244,285
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $389,930
Program services were 61.5% 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.
-
1e · Government grants (contributions)
$197,452
-
1f · All other contributions, gifts and grants
$390,420
-
2a · Program service revenue: PROGRAM SERVICES
total $153,254 · related or exempt $153,254
-
3 · Investment income
total $3,943 · related or exempt $3,943
-
11a · Other revenue: OTHER INCOME
total $9,800 · related or exempt $9,800
-
11e · Other revenue, total
$9,800
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $18,517 · program services $18,517
-
5 · Compensation of officers, directors and key employees
total $121,305 · program services $72,783 · management and general $48,522
-
7 · Other salaries and wages
total $108,097 · program services $64,858 · management and general $43,239
-
10 · Payroll taxes
total $20,371 · program services $12,222 · management and general $8,149
-
11a · Fees: management
total $135,208 · program services $81,125 · management and general $54,083
-
11b · Fees: legal
total $335 · program services $335
-
11c · Fees: accounting
total $4,025 · management and general $4,025
-
11g · Fees: other
total $6,398 · program services $6,398
-
12 · Advertising and promotion
total $6,251 · program services $6,251
-
13 · Office expenses
total $31,760 · program services $21,760 · management and general $10,000
-
16 · Occupancy
total $20,698 · program services $8,698 · management and general $12,000
-
17 · Travel
total $35,086 · program services $32,086 · management and general $3,000
-
19 · Conferences, conventions and meetings
total $10,395 · program services $10,395
-
20 · Interest
total $18,815 · management and general $18,815
-
23 · Insurance
total $3,538 · management and general $3,538
-
24a · Other expenses: DUES AND SUBCRIPTIONS
total $18,575 · program services $16,575 · management and general $2,000
-
24b · Other expenses: LICENSES
total $7,191 · management and general $7,191
-
24e · All other expenses
total $67,650 · program services $37,927 · management and general $29,723
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $165,734 · end of year $199,259
-
2 · Savings and temporary cash investments
beginning of year $225,858
-
4 · Accounts receivable
beginning of year $17,384 · end of year $238,911
-
10a · Land, buildings and equipment: cost or other basis
$242,526
-
10b · Land, buildings and equipment: accumulated depreciation
$363
-
10c · Land, buildings and equipment, net
beginning of year $216,787 · end of year $242,163
-
17 · Accounts payable and accrued expenses
beginning of year $88,126 · end of year $50,804
-
23 · Secured mortgages and notes payable
beginning of year $495,532 · end of year $488,068
-
25 · Other liabilities
beginning of year $8,078
-
27 · Net assets without donor restrictions
beginning of year $34,027 · end of year $141,461
Mission and programs · 2023
Mission
Friends of Puerto Rico is a non-profit 501(C)(3) that supports the economic development of the people of Puerto Rico through entrepreneurial initiatives, education, and creating opportunities for women and girls. Since 2015, we have mobilized a passionate community of over 30,000
-
WE WORK WITH AT RISK YOUTH TO CREATE OPPORTUNITY AND DEVELOP THE NEXT GENERATION OF LEADERS AND ENTREPRENEURS IN PUERTO RICO.Friends of Puerto Rico is a non-profit 501(C)(3) that supports the economic development of the people of Puerto Rico through entrepreneurial initiatives, education, and creating opportunities for women and girls. Since 2015, we have mobilized a passionate community of over 30,000 global entrepreneurs, donors and partner organizations focused on driving economic success and innovation to cultivate the next generation of leaders. Through a combination of training, education and mentorship initiatives that utilize the beautiful culture, art and people of Puerto Rico, our goal is to end financial hardship and provide economic opportunities and self-sufficiency for people on the island, in Washington, DC and around the United States.
Expenses $389,930 · Revenue $772,018
As filed on the 2023 return.
Listed in Part VII
-
Ingrid ArveloINGRID ARVELO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Juan GarciaJUAN GARCIA
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Angelique SinaANGELIQUE SINA
PRESIDENT
- Total calculated
- $0
- Hours/week
- 40
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
- 20 June 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422019349300122
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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