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← CARAS OF THE AMERICAS

Form 990 for tax year 2024

Filed by CARAS OF THE AMERICAS.

Totals

Total revenue
$7,724,002
Total expenses
$4,349,467
Contributions and grants received
$7,611,893
Grants paid
$0
Program service revenue
$112,109
Investment income
$0
Other revenue
$0
Total assets, end of year
$4,745,911
Total liabilities, end of year
$432,342
Net assets or fund balances, end of year
$4,313,569
Program services expenses (Part IX)
$3,852,411
Management and general expenses
$442,763
Fundraising expenses
$54,293
Program service expenses (Part III)
$3,852,411

Program services were 88.6% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $5,890,534

  • 1f · All other contributions, gifts and grants

    $1,721,359

  • 1g · Noncash contributions included above

    $312,146

  • 2a · Program service revenue: CULTURAL AND ECONOMIC DEVELOPME

    total $112,109 · related or exempt $112,109 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $81,099 · program services $48,660 · management and general $24,330 · fundraising $8,109

  • 7 · Other salaries and wages

    total $2,600,774 · program services $2,366,747 · management and general $203,967 · fundraising $30,060

  • 10 · Payroll taxes

    total $421,468 · program services $365,559 · management and general $50,363 · fundraising $5,546

  • 11b · Fees: legal

    total $307 · management and general $307

  • 11c · Fees: accounting

    total $56,493 · program services $17,647 · management and general $38,846

  • 11g · Fees: other

    total $656,243 · program services $638,114 · management and general $12,269 · fundraising $5,860

  • 13 · Office expenses

    total $271,029 · program services $227,413 · management and general $40,905 · fundraising $2,711

  • 14 · Information technology

    total $62,207 · program services $21,891 · management and general $39,948 · fundraising $368

  • 17 · Travel

    total $44,874 · program services $40,203 · management and general $4,671 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $32,801 · program services $28,505 · management and general $3,920 · fundraising $376

  • 24a · Other expenses: Student activies

    total $40,286 · program services $36,080 · management and general $3,571 · fundraising $635

  • 24b · Other expenses: Excursions & transportation

    total $9,158 · program services $8,539 · management and general $527 · fundraising $92

  • 24c · Other expenses: Meals

    total $15,604 · program services $12,639 · management and general $2,965 · fundraising $0

  • 24d · Other expenses: Other expenses

    total $57,124 · program services $40,414 · management and general $16,174 · fundraising $536

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,179,248 · end of year $4,004,567

  • 3 · Pledges and grants receivable

    beginning of year $150,467 · end of year $552,094

  • 4 · Accounts receivable

    end of year $115,770

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,885 · end of year $11,885

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

    $262,555

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

    $200,960

  • 10c · Land, buildings and equipment, net

    beginning of year $77,047 · end of year $61,595

  • 17 · Accounts payable and accrued expenses

    beginning of year $477,600 · end of year $432,342

  • 27 · Net assets without donor restrictions

    beginning of year $741,047 · end of year $4,163,569

  • 28 · Net assets with donor restrictions

    beginning of year $200,000 · end of year $150,000

Mission and programs · 2024

Mission

Caras of the Americas was formed to promote international collaboration and exchange among all people of the Western Hemisphere; to promote grassroots development; to contribute to the improved provision of the education and health services; to encourage civic participation and progress; to empower through learning and action.

Activities or mission (Part I)

Caras of the Americas was formed to promote international collaboration and exchange among all people of the western Hemisphere; to promote grassroots development; to contribute to the improved provision of the education and health services; to encourage civic participation and progress; to empower through learning. Also Escuela con Causa EPA-RCM LLC was created to operate a Grade 6 through Grade 12 public-school Rosalina C. Martinez (RCM), a school within the public education system of the Puerto Rico Department of Education (the Department), located in the Amelia community of Guaynabo. RCM is being operated by the School pursuant to the Public Schools Alliance program (known as "Escuelas Publicas Alianzas" in Spanish) established by Act No. 85 of March 29, 2018 (Act No. 85-2018) as amended, known as the Act for the Educational Reform of Puerto Rico.

  • a. Education Services: We continued to coordinate afterschool programs for underprivileged children to provide improved provisions of the education services. We offer academic tutoring, arts, crafts, sports, mentoring, collegue prep,etc. A reading marathon and carnival were held with schools and tutoring centers to foster a love of reading among students. Mothers actively participated as volunteers in readings, involving families and faculty in the activities. These initiatives have received recognition for their contribution to students' academic, social, and emotional progress. There were 484 participants and 19 parent volunteers. A career day event was organized by tenth-grade students from Rosalina Caraballo, Francisco Oller schools. Over 40 distinguished professionals participated to share their experiences with the young people, allowing them to explore career options, discover new passions, and inspire their academic and professional futures. The comprehensive development of 296 students from Cataño and northern Guaynabo is promoted, 95% of whom live in poverty and 35% are in special education. The school received the Full Service Community School (FSCS) award, highlighting our commitment to comprehensive services and community activities. Students completed 4,500 hours of community service. Summer internships were held in collaboration with law firms in Puerto Rico, allowing 25 students to explore legal and business careers. Fifty-five percent of students participated in activities such as public speaking, robotics, and sports, accumulating 4,441.50 contact hours.

    Expenses $3,095,068

  • Ecology- With the raices urbanas project we provided more than 5,774.50 contact hours with 1,055 participants and 3,389 hours by 366 volunteers. Our organization played a prominent role in the Teachers for the Planet catalog presented at the UN COP28, where we contributed innovative educational solutions to climate change and positioned ourselves as leaders in environmental education globally. Data were collected at strategic locations in the Cienaga Las Cucharillas Natural Reserve and surrounding communities in Cataño and Guaynabo, enabling the creation of a public database. Urban spaces were revitalized with native and endemic trees, promoting biodiversity and mitigating the effects of climate change. 310 trees were planted.

    Expenses $348,991

  • Community-Our community-based approach is designed to strengthen support networks, improve residents' living conditions, and foster local leadership. Several programs have been implemented to empower community leaders and improve the overall well-being of the most vulnerable, from the elderly to the young. A total of 219 social cases were managed, with 304 participants and 5,614 contact hours. A team of volunteers and community leaders distributed 9,402 meals to children, youth, and the elderly. Seniors were given excursions to various locations in Puerto Rico, promoting their well-being through recreational activities and healing therapies.

    Expenses $159,131

  • Other Programs-Economy and encounters programs. Along with our partners Amizade ("friendship" in Portuguese), we coordinate programs for universities and groups from the U.S. that offer a service experience and cultural exchange in Puerto Rico. Among this year's participants are: the University of Illinois, Idaho University, Pitts University and the Academy for Global Citizenship. These programs support our projects as well as raise awareness about community efforts.

    Expenses $249,221

As filed on the 2024 return.

Listed in Part VII

  • MICHAEL

    EXECUTIVE DIRECTOR

    Total calculated
    $81,099
    From this org
    $81,099
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • JOSE H SANTIAGO

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • RAFAEL TORO ARSUAGA

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MARIEMI SIERRA

    VOCAL

    Total calculated
    $0
    Hours/week
    1

  • LIZZETTE QUINONES

    VOCAL

    Total calculated
    $0
    Hours/week
    1

  • MONIQUE LUGO

    VOCAL

    Total calculated
    $0
    Hours/week
    1

  • MARIA E SOTO MAINARDI

    VOCAL

    Total calculated
    $0
    Hours/week
    1

  • HILDA RODRIGUEZ

    VOCAL

    Total calculated
    $0
    Hours/week
    1

  • PAOLA PEREZ SURILLO

    VOCAL

    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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ESCUELA CON CAUSA EPA RCM LLC

    SCHOOL · PR · income $5,853,315 · assets $3,426,672

    Directly controlled by CARAS OF THE AMERICAS

  • Encuentros LLC

    CULTURAL AND ECONOMIC DEVELOPMENT PROGRAM · PR · income $116,147 · assets $37,032

    Directly controlled by CARAS OF THE AMERICAS

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2026
IRS schema version
2024v5.0
Source object
202611359349309006

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