Form 990 for tax year 2023

Filed by BOYS & GIRLS CLUBS OF PUERTO RICO INC.

Totals

Total revenue: $36,326,074
Total expenses: $35,181,237
Contributions and grants received: $35,304,231
Grants paid: $4,450,000
Program service revenue: $0
Investment income: $164,984
Other revenue: $856,859
Total assets, end of year: $18,648,679
Total liabilities, end of year: $19,803,980
Net assets or fund balances, end of year: -$1,155,301
Program services expenses (Part IX): $28,034,351
Management and general expenses: $6,346,830
Fundraising expenses: $800,056
Program service expenses (Part III): $28,034,351

Program services were 79.7% 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.

1b · Membership dues

$16,546
1c · Fundraising events

$2,291,775
1e · Government grants (contributions)

$21,821,499
1f · All other contributions, gifts and grants

$11,174,411
3 · Investment income

total $164,984 · related or exempt $164,984
8a · Fundraising events: contributions included on line 1c

$2,291,775
11a · Other revenue: ADMINISTRATIVE FEES

total $799,007 · related or exempt $799,007
11b · Other revenue: OTHER REVENUE

total $57,852 · related or exempt $57,852
11e · Other revenue, total

$856,859

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $4,450,000 · program services $4,450,000
7 · Other salaries and wages

total $14,937,947 · program services $11,824,047 · management and general $2,600,154 · fundraising $513,746
10 · Payroll taxes

total $2,908,338 · program services $2,143,760 · management and general $672,834 · fundraising $91,744
11b · Fees: legal

total $67,830 · management and general $67,830
11c · Fees: accounting

total $45,400 · management and general $45,400
11g · Fees: other

total $2,430,865 · program services $1,631,707 · management and general $753,998 · fundraising $45,160
12 · Advertising and promotion

total $203,885 · program services $105,923 · management and general $87,739 · fundraising $10,223
13 · Office expenses

total $2,272,844 · program services $2,172,428 · management and general $95,416 · fundraising $5,000
16 · Occupancy

total $1,646,278 · program services $1,476,926 · management and general $169,352
17 · Travel

total $191,145 · program services $107,431 · management and general $65,047 · fundraising $18,667
20 · Interest

total $220,211 · management and general $220,211
22 · Depreciation, depletion and amortization

total $555,823 · program services $188,923 · management and general $366,900
23 · Insurance

total $269,403 · program services $235,372 · management and general $34,031
24a · Other expenses: CULTURAL AND RECREATIONAL

total $1,755,596 · program services $1,498,348 · management and general $227,624 · fundraising $29,624
24b · Other expenses: REPAIRS AND MAINTENANCE

total $1,193,160 · program services $984,191 · management and general $208,669 · fundraising $300
24c · Other expenses: UTILITIES

total $949,605 · program services $699,285 · management and general $246,127 · fundraising $4,193
24d · Other expenses: MISCELLANEOUS EXPENSES

total $484,825 · program services $197,758 · management and general $231,293 · fundraising $55,774
24e · All other expenses

total $598,082 · program services $318,252 · management and general $254,205 · fundraising $25,625

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $6,188,542 · end of year $5,764,066
3 · Pledges and grants receivable

beginning of year $3,302,160 · end of year $4,522,248
4 · Accounts receivable

beginning of year $4,368,715 · end of year $4,792,347
9 · Prepaid expenses and deferred charges

beginning of year $712,645 · end of year $209,928
10a · Land, buildings and equipment: cost or other basis

$9,335,359
10b · Land, buildings and equipment: accumulated depreciation

$7,072,121
10c · Land, buildings and equipment, net

beginning of year $1,473,223 · end of year $2,263,238
12 · Investments: other securities

beginning of year $2,742,318 · end of year $958,989
15 · Other assets

beginning of year $41,361 · end of year $137,863
17 · Accounts payable and accrued expenses

beginning of year $2,416,668 · end of year $2,479,892
19 · Deferred revenue

beginning of year $5,335,620 · end of year $3,451,658
23 · Secured mortgages and notes payable

beginning of year $14,540,000 · end of year $13,872,430
27 · Net assets without donor restrictions

beginning of year -$8,798,944 · end of year -$4,273,700
28 · Net assets with donor restrictions

beginning of year $5,335,620 · end of year $3,118,399

Mission and programs · 2023

Mission

TO PROMOTE, ADVANCE, CREATE AWARENESS AND ADVOCATE FOR THE HEALTH, SOCIAL, EDUCATIONAL AND CHARACTER DEVELOPMENT OF YOUTH IN LOW INCOME COMMUNITIES. CLUBS ARE LOCATED WITHIN PUBLIC HOUSING DEVELOPMENT OR NEEDING COMMUNITIES.

LEADERSHIP TRAINING, DEVELOPMENT, AND SUPPORT OF YOUTH PROGRAMS - PROGRAM AIMED AT PROVIDING EDUCATIONAL EXPERIENCES, INTEGRAL DEVELOPMENT AND SOCIO-EMOTIONAL SUPPORT TO CHILDREN YOUNG PEOPLE FROM TWO MONTHS TO 18 YEARS OF AGE, AS WELL AS THEIR PARENTS OR CAREGIVERS. FOR ADULTS OVER 18 IT ALSO OFFERS JOB TRAINING AND EMPLOYABILITY.

Expenses $11,811,271
VIMENTI SCHOOL - DURING AUGUST 2018, BGCPR STARTED THE ADMINISTRATION OF A CHARTER SCHOOL (VIMENTI) LOCATED WITHIN ONE OF ITS CLUB'S FACILITIES. VIMENTI SCHOOL OFFERS EDUCATIONAL SERVICES FROM KINDER TO FIFTH GRADE. THE OPERATION IS FINANCIALLY SUPPORTED BY A SUBSIDY PER STUDENT FROM THE PUERTO RICO DEPARTMENT OF EDUCATIONAL FROM DONATIONS FORM THE PRIVATE SECTOR.

Expenses $5,188,964
HEAD START - THIS PROGRAM PROMOTES SCHOOL READINESS BY ENHANCING THE COGNITIVE, PHYSICAL, BEHAVIORAL, AND SOCIAL-EMOTIONAL DEVELOPMENT OF CHILDREN THROUGH THE PROVISION OF EDUCATIONAL, HEALTH, NUTRITIONAL, FAMILIES. THE PROGRAM IS DESIGNED TO INVOLVE PARENTS IN THEIR CHILD'S LEARNING AND DEVELOPMENT, AND TO HELP PARENTS MAKE PROGRESS TOWARD THEIR EDUCATIONAL, LITERACY, AND EMPLOYMENT GOALS. THE PROGRAM INCLUDES SERVICES OF HEAD START AND EARLY HEAD START FOR BOYS AND GIRLS BETWEEN 2 MONTHS AND 4 YEARS 11 MONTHS OF AGE. BGCPR COMMENCED WITH THIS PROGRAM DURING THE YEAR ENDED JUNE 30, 2022.

Expenses $6,584,116
SOCIAL HOLDING FOUNDATION CORP - PROGRAM OF FUNDRASING ACTIVITIES TO BENEFIT CHARITABLE, EDUCATIONAL, CHILDREN CRUELTY PREVENTION, AND ANY RELATED PURPOSE AND/OR FOR THE BENEFIT OF THESE TYPES OF ACTIVITIES. THIS MISSION WILL BE ACCOMPLISHED BY BRINGING TOGETHER INDIVIDUALS, GOVERNMENT, FOUNDATIONS, AND BUSINESSES, SERVING AS AN INCUBATOR FOR COMMUNITY INVESTMENT.

Expenses $4,450,000 · Grants $4,450,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Brett Finn JohnsonBRETT FINN JOHNSON

BOARD CHAIR

Total calculated

$0

Hours/week

2.5
Waleska RiveraWALESKA RIVERA

VICE-PRESIDE

Total calculated

$0

Hours/week

2.5
Denisse FloresDENISSE FLORES

VICE-PRESIDE

Total calculated

$0

Hours/week

2.5
Maria Del Pilar Tamara ChavezMARIA DEL PILAR TAMARA CHAVEZ

SECRETARY

Total calculated

$0

Hours/week

2.5
Carlos MolinaCARLOS MOLINA

TREASURER

Total calculated

$0

Hours/week

2.5
Brenda MarreroBRENDA MARRERO

BOD MEMBER

Total calculated

$0

Hours/week

2.5
Ginorly MaldonadoGINORLY MALDONADO

BOD MEMBER

Total calculated

$0

Hours/week

2.5
Peter SantiagoPETER SANTIAGO

BOD MEMBER

Total calculated

$0

Hours/week

2.5
Alma FronteraALMA FRONTERA

PRESIDENT

Total calculated

$180,000

From this org

$180,000

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$180,000

Bonus

not reported

Other

not reported

Deferred

not reported

Nontaxable benefits

not reported

Filer's total

$180,000
Gabriel HernandezGABRIEL HERNANDEZ

OPERATIONS D

Total calculated

$85,862

From this org

$85,862

From related orgs

$0

Other

$0

Hours/week

40
Omayra MatamorosOMAYRA MATAMOROS

DIRECTOR

Total calculated

$90,000

From this org

$90,000

From related orgs

$0

Other

$0

Hours/week

40
Nora BoschettiNORA BOSCHETTI

DIRECTOR

Total calculated

$102,600

From this org

$102,600

From related orgs

$0

Other

$0

Hours/week

40
Jaylene Cuadrado PerezJAYLENE CUADRADO PEREZ

COORDINATOR

Total calculated

$55,000

From this org

$55,000

From related orgs

$0

Other

$0

Hours/week

40
Osvaldo MartirOSVALDO MARTIR

MARKETING DI

Total calculated

$75,000

From this org

$75,000

From related orgs

$0

Other

$0

Hours/week

40
Angel R MoralesANGEL R MORALES

COMPLIANCE D

Total calculated

$72,000

From this org

$72,000

From related orgs

$0

Other

$0

Hours/week

40
Yezaida ReyesYEZAIDA REYES

HR DIRECTOR

Total calculated

$75,000

From this org

$75,000

From related orgs

$0

Other

$0

Hours/week

40
Alicia RodriguezALICIA RODRIGUEZ

PROGRAM DIRE

Total calculated

$75,000

From this org

$75,000

From related orgs

$0

Other

$0

Hours/week

40
Paul BarrerasPAUL BARRERAS

FINANCE DIRE

Total calculated

$120,000

From this org

$120,000

From related orgs

$0

Other

$0

Hours/week

40
Pedro ApontePEDRO APONTE

BOD MEMBER

Total calculated

$0

Hours/week

2.5
Juan TorresJUAN TORRES

BOD MEMBER

Total calculated

$0

Hours/week

2.5
Carmen MaldonadoCARMEN MALDONADO

BOD MEMBER

Total calculated

$0

Hours/week

2.5
Eric CrespoERIC CRESPO

BOD MEMBER

Total calculated

$0

Hours/week

2.5
Jose NegronJOSE NEGRON

BOD MEMBER

Total calculated

$0

Hours/week

2.5
Martha HermillaMARTHA HERMILLA

BOD MEMBER

Total calculated

$0

Hours/week

2.5
Melissa BurgosMELISSA BURGOS

BOD MEMBER

Total calculated

$0

Hours/week

2.5
Cesar OrtizCESAR ORTIZ

BOD MEMBER

Total calculated

$0

Hours/week

2.5

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

SOCIAL HOLDING FOUNDATION CORP

$4,450,000

Provenance

Return type: form_990
Tax year: 2023
Filed: 15 May 2025
IRS schema version: 2023v6.0
Source object: 202521349349307407

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.