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Nonprofiteer
← MUSEO DE ARTE CONTEMPORANEO DE PUERTO RICO INC

Form 990 for tax year 2022

Filed by MUSEO DE ARTE CONTEMPORANEO DE PUERTO RICO INC.

Totals

Total revenue
$2,893,243
Total expenses
$2,700,967
Contributions and grants received
$2,691,249
Grants paid
$0
Program service revenue
$45,570
Investment income
$0
Other revenue
$156,424
Total assets, end of year
$7,458,823
Total liabilities, end of year
$351,428
Net assets or fund balances, end of year
$7,107,395
Program services expenses (Part IX)
$2,700,967
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$2,700,967

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.

  • 1b · Membership dues

    $45

  • 1e · Government grants (contributions)

    $1,166,147

  • 1f · All other contributions, gifts and grants

    $1,525,057

  • 2a · Program service revenue: OTHER INCOME

    total $23,930 · related or exempt $23,930

  • 2b · Program service revenue: CONTRIBUTIONS

    total $17,959 · related or exempt $17,959

  • 2c · Program service revenue: SALES

    total $3,681 · related or exempt $3,681

  • 11a · Other revenue: OTHER REVENUE

    total $156,424 · related or exempt $156,424

  • 11e · Other revenue, total

    $156,424

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $684,403 · program services $684,403

  • 10 · Payroll taxes

    total $60,251 · program services $60,251

  • 11g · Fees: other

    total $563,704 · program services $563,704

  • 17 · Travel

    total $26,715 · program services $26,715

  • 22 · Depreciation, depletion and amortization

    total $52,098 · program services $52,098

  • 23 · Insurance

    total $96,064 · program services $96,064

  • 24a · Other expenses: RENT

    total $600,000 · program services $600,000

  • 24b · Other expenses: EXHIBITION EXPENSE

    total $319,183 · program services $319,183

  • 24c · Other expenses: UTILITIES

    total $136,002 · program services $136,002

  • 24d · Other expenses: OTHER EXPENSES

    total $121,784 · program services $121,784

  • 24e · All other expenses

    total $40,763 · program services $40,763

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,381,396 · end of year $1,728,649

  • 4 · Accounts receivable

    beginning of year $43,585 · end of year $118,867

  • 8 · Inventories for sale or use

    beginning of year $218,598 · end of year $236,500

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

    $2,692,398

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

    $2,298,128

  • 10c · Land, buildings and equipment, net

    beginning of year $408,951 · end of year $394,270

  • 15 · Other assets

    beginning of year $4,921,859 · end of year $4,980,537

  • 17 · Accounts payable and accrued expenses

    beginning of year $148,953 · end of year $251,428

  • 19 · Deferred revenue

    end of year $100,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,825,436 · end of year $7,107,395

Mission and programs · 2022

Mission

ART & CULTURE NON PROFIT ORGANIZATION

Activities or mission (Part I)

ATT & CULTURE NON PROFIT ORGANIZATION

  • ART & CULTURE NON PROFIT ORGANIZATION

  • PROGRAM SERVICE EXPENSES

    Expenses $2,700,967

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • RAFAEL FLORES PEREZ

    PRESIDENT

    Total calculated
    $0

  • MARIA QUINTANA

    VICE-PRESIDE

    Total calculated
    $0

  • ANTONIO GARCIA

    SECRETARY

    Total calculated
    $0

  • SALVADOR ALEMANY

    VOCAL

    Total calculated
    $0

  • JOSE J NEGRON

    TREASURER

    Total calculated
    $0

  • MARIANNE RAMIREZ APONTE

    EXECUTIVE DI

    Total calculated
    $0

  • PEDRO MUNOZ

    VOCAL

    Total calculated
    $0

  • MARIA TORRES

    VOCAL

    Total calculated
    $0

  • ANA RIVERO

    VOCAL

    Total calculated
    $0

  • RACHID MOLINARY

    VOCAL

    Total calculated
    $0

  • ENRIQUE RENTA

    VOCAL

    Total calculated
    $0

  • DENNIS SIMONPIETRI

    VOCAL

    Total calculated
    $0

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
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349303116

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