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Nonprofiteer
← SOCIAL HOLDING FOUNDATION CORP

Form 990 for tax year 2024

Filed by SOCIAL HOLDING FOUNDATION CORP.

Totals

Total revenue
$4,504,356
Total expenses
$200,000
Contributions and grants received
$4,450,000
Grants paid
$0
Program service revenue
$0
Investment income
$54,356
Other revenue
$0
Total assets, end of year
$10,012,760
Total liabilities, end of year
$3,714,962
Net assets or fund balances, end of year
$6,297,798
Program services expenses (Part IX)
$200,000
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$200,000

Program services were 100.0% 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

    $4,450,000

  • 3 · Investment income

    total $54,356 · related or exempt $54,356

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: CONTRIBUTION TO BGC

    total $200,000 · program services $200,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $219,804 · end of year $4,524,160

  • 2 · Savings and temporary cash investments

    beginning of year $47,000 · end of year $47,000

  • 7 · Other notes and loans receivable

    beginning of year $5,441,600 · end of year $5,441,600

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,714,962 · end of year $3,714,962

  • 28 · Net assets with donor restrictions

    beginning of year $1,993,442 · end of year $6,297,798

Mission and programs · 2024

Mission

TO ENSURE THE SUSTAINABIITY AND BUILDING CAPACITY OF THE AFFILIATED ORGANIZATIONS WORKING ON REDUCING CHILD POVERTY IN PUERTO RICO TO BRING TOGETHER INDIVIDUALS, GOVERNMENT, FOUNDATIONS, AND BUSINESSES TO BUILD A BETTER AND MORE EQUITABLE PUERTO RICO AND ACT AS AN INCUBATOR FOR COMMUNITY INVESTMENT THAT MOBILIZES RESOURCES AND ACTS AS CATALYST FOR CHANGE TO BUILD OPPORTUNITIES FOR NEEDED CHILDREN AND FAMILIES.

  • OASIS HUB - NMTC

    Expenses $200,000 · Revenue $4,450,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Olga Ramos

    CO-DIRECTOR I

    Total calculated
    $0
    Hours/week
    1

  • Manuel Joglar

    CO-DIRECTOR II

    Total calculated
    $0
    Hours/week
    1

  • Heriberto Torres

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Monge

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Cesar Ortiz

    TREASURER

    Total calculated
    $0
    Hours/week
    1

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
2024
Filed
15 May 2025
IRS schema version
2024v5.1
Source object
202501359349304925

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