Form 990 for tax year 2022
Filed by PUERTO RICO SCIENCE TECHNOLOGY AND RESEARCH TRUST.
Totals
- Total revenue
- $24,793,341
- Total expenses
- $27,575,845
- Contributions and grants received
- $21,514,936
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $2,793,835
- Other revenue
- $484,570
- Total assets, end of year
- $132,062,123
- Total liabilities, end of year
- $6,808,676
- Net assets or fund balances, end of year
- $125,253,447
- Program services expenses (Part IX)
- $22,258,294
- Management and general expenses
- $5,317,551
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $22,258,294
Program services were 80.7% 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)
$7,627,580
-
1f · All other contributions, gifts and grants
$13,887,356
-
3 · Investment income
total $2,793,835 · excluded $2,793,835
-
6a · Gross rents
real property $77,950 · personal property $204,329
-
6c · Rental income or loss
real property $77,950 · personal property $204,329
-
6d · Net rental income or loss
total $282,279 · related or exempt $282,279
-
11a · Other revenue: OTHER INCOME
total $202,291 · related or exempt $202,291
-
11e · Other revenue, total
$202,291
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $7,464,165 · program services $5,569,659 · management and general $1,894,506
-
10 · Payroll taxes
total $3,102,867 · program services $2,246,132 · management and general $856,735
-
11g · Fees: other
total $3,183,565 · program services $2,334,370 · management and general $849,195
-
17 · Travel
total $325,640 · program services $261,827 · management and general $63,813
-
22 · Depreciation, depletion and amortization
total $1,607,167 · program services $1,342,438 · management and general $264,729
-
23 · Insurance
total $392,989 · program services $200 · management and general $392,789
-
24a · Other expenses: FEDERAL SPONSORED PROGRAM
total $3,855,556 · program services $3,855,556
-
24b · Other expenses: PARALELL 18 GRANTS
total $2,204,787 · program services $2,204,787
-
24c · Other expenses: OTHER EXPENSES
total $1,740,629 · program services $1,236,861 · management and general $503,768
-
24d · Other expenses: OTHER PROGRAM INITIATIVES
total $1,185,238 · program services $1,185,238
-
24e · All other expenses
total $2,513,242 · program services $2,021,226 · management and general $492,016
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $31,177,994 · end of year $20,514,056
-
4 · Accounts receivable
beginning of year $2,159,592 · end of year $2,327,907
-
9 · Prepaid expenses and deferred charges
beginning of year $6,778 · end of year $19,359
-
10a · Land, buildings and equipment: cost or other basis
$62,908,405
-
10b · Land, buildings and equipment: accumulated depreciation
$5,112,452
-
10c · Land, buildings and equipment, net
beginning of year $54,639,137 · end of year $57,795,953
-
12 · Investments: other securities
beginning of year $48,961,342 · end of year $51,377,587
-
15 · Other assets
beginning of year $26,261 · end of year $27,261
-
17 · Accounts payable and accrued expenses
beginning of year $3,985,508 · end of year $3,875,945
-
19 · Deferred revenue
beginning of year $4,831,585 · end of year $2,753,965
-
25 · Other liabilities
beginning of year $168,600 · end of year $178,766
-
27 · Net assets without donor restrictions
beginning of year $99,757,036 · end of year $101,928,761
-
28 · Net assets with donor restrictions
beginning of year $28,228,375 · end of year $23,324,686
Mission and programs · 2022
Mission
FACILITATE AND BUILD CAPACITY TO CONTINUALLY ADVANCE PUERTO RICO'S ECONOMY AND ITS CITIZEN'S WELL BEING THROUGH INNOVATION, SCIENCE AND TECHNOLOGY.
-
SEE SCHEDULE O
-
ALL OTHER ACCOMPLISHMENTS
Expenses $22,258,294
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Luz A Crespo ValentinLUZ A CRESPO VALENTIN
CEO
- Total calculated
- $305,215
- From this org
- $305,215
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $305,215
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $305,215
-
Doira DiazDOIRA DIAZ
GENERAL CONS
- Total calculated
- $152,138
- From this org
- $152,138
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,138
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $152,138
-
Gilberto MarquezGILBERTO MARQUEZ
CFO
- Total calculated
- $152,138
- From this org
- $152,138
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,138
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $152,138
-
Guadalupe VazquezGUADALUPE VAZQUEZ
CHIEF COMM.
- Total calculated
- $111,215
- From this org
- $111,215
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Alfredo CastaALFREDO CASTA
TRUSTEE
- Total calculated
- $0
-
Ing Manuel LaboyING MANUEL LABOY
TRUSTEE
- Total calculated
- $0
-
Dr Jose LasaldeDR JOSE LASALDE
TRUSTEE
- Total calculated
- $0
-
Gualberto Gil MedinaGUALBERTO GIL MEDINA
TRUSTEE
- Total calculated
- $0
-
Sir Salvador MoncadaSIR SALVADOR MONCADA
TRUSTEE
- Total calculated
- $0
-
Dr Daniel Colon RamosDR DANIEL COLON RAMOS
TRUSTEE
- Total calculated
- $0
-
Glorimar RipollGLORIMAR RIPOLL
TRUSTEE
- Total calculated
- $0
-
Esteban SantosESTEBAN SANTOS
TRUSTEE
- 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 31 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431369349314953
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