Totals
- Total revenue
- $8,077,537
- Total expenses
- $8,315,551
- Contributions and grants received
- $8,062,964
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $14,573
- Other revenue
- $0
- Total assets, end of year
- $12,023,264
- Total liabilities, end of year
- $8,371,915
- Net assets or fund balances, end of year
- $3,651,349
- Program services expenses (Part IX)
- $6,708,827
- Management and general expenses
- $1,606,724
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $6,708,827
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)
$8,020,176
-
1f · All other contributions, gifts and grants
$42,788
-
3 · Investment income
total $14,573 · excluded $14,573
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,882,045 · program services $1,754,525 · management and general $127,520
-
10 · Payroll taxes
total $160,469 · program services $2,156 · management and general $158,313
-
11b · Fees: legal
total $66,519 · management and general $66,519
-
11c · Fees: accounting
total $87,511 · management and general $87,511
-
11g · Fees: other
total $501,807 · program services $107,557 · management and general $394,250
-
12 · Advertising and promotion
total $1,863,412 · program services $1,863,412
-
13 · Office expenses
total $56,721 · program services $9,450 · management and general $47,271
-
17 · Travel
total $231,941 · program services $191,164 · management and general $40,777
-
20 · Interest
total $39,201 · program services $38,766 · management and general $435
-
22 · Depreciation, depletion and amortization
total $225,591 · management and general $225,591
-
23 · Insurance
total $163,116 · program services $20,563 · management and general $142,553
-
24a · Other expenses: EVENTS & PROMOTIONS
total $2,294,573 · program services $2,292,232 · management and general $2,341
-
24b · Other expenses: OTHER EXPENSES
total $480,768 · program services $334,537 · management and general $146,231
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $98,071 · program services $86,371 · management and general $11,700
-
24d · Other expenses: REPAIRS & MAINTENANCE
total $51,020 · management and general $51,020
-
24e · All other expenses
total $112,786 · program services $8,094 · management and general $104,692
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,338,663 · end of year $10,513,077
-
4 · Accounts receivable
beginning of year $637,009 · end of year $99,117
-
9 · Prepaid expenses and deferred charges
beginning of year $126,840 · end of year $81,418
-
10a · Land, buildings and equipment: cost or other basis
$1,800,293
-
10b · Land, buildings and equipment: accumulated depreciation
$470,641
-
10c · Land, buildings and equipment, net
beginning of year $911,031 · end of year $1,329,652
-
15 · Other assets
beginning of year $30,318
-
17 · Accounts payable and accrued expenses
beginning of year $1,111,954 · end of year $821,880
-
19 · Deferred revenue
end of year $6,936,833
-
25 · Other liabilities
end of year $613,202
-
27 · Net assets without donor restrictions
beginning of year $7,931,907 · end of year $3,651,349
Mission and programs · 2022
Mission
THE MISSION OF THE ORGANIZATION IS TO PROMOTE PUERTO RICO AS A COMPETITIVE INVESTMENT JURISDICTION TO ATTRACT NEW BUSINESS AND CAPITAL INVESTMENT TO THE ISLAND.
-
SEE SCHEDULE O
-
SEE SCHEDULE O
-
SEE SCHEDULE O
-
.
Expenses $6,708,827
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Manuel CidreMANUEL CIDRE
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
James R CollinsJAMES R COLLINS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Christian GonzalezCHRISTIAN GONZALEZ
VICE CHAIRMA
- Total calculated
- $0
- Hours/week
- 0.5
-
Brenda MarreroBRENDA MARRERO
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Omar MarreroOMAR MARRERO
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Humberto MercaderHUMBERTO MERCADER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Federico SanchezFEDERICO SANCHEZ
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Jennifer StoripanJENNIFER STORIPAN
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Alberto ToroALBERTO TORO
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kathryn WyldeKATHRYN WYLDE
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401359349310165
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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