Form 990 for tax year 2022
Filed by PUERTO RICO INDUSTRIES FOR THE BLIND.
Totals
- Total revenue
- $8,189,193
- Total expenses
- $6,447,880
- Contributions and grants received
- $4,703,146
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $3,486,047
- Total assets, end of year
- $6,338,282
- Total liabilities, end of year
- $5,467,518
- Net assets or fund balances, end of year
- $870,764
- Program services expenses (Part IX)
- $3,678,362
- Management and general expenses
- $2,769,518
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,678,362
Program services were 57.0% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$705,226
-
1f · All other contributions, gifts and grants
$3,997,920
-
1g · Noncash contributions included above
$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
-
10a · Gross sales of inventory
$5,512,430
-
10b · Cost of goods sold
$2,133,746
-
10c · Net income from sales of inventory
total $3,378,684 · related or exempt $3,378,684 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $107,363 · related or exempt $107,363 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$107,363
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $2,619,189 · program services $1,804,981 · management and general $814,208
-
9 · Other employee benefits
total $279,524 · program services $202,048 · management and general $77,476
-
10 · Payroll taxes
total $301,635 · program services $222,819 · management and general $78,816
-
13 · Office expenses
total $44,903 · management and general $44,903
-
16 · Occupancy
total $993,595 · program services $260,101 · management and general $733,494
-
17 · Travel
total $310,478 · management and general $310,478
-
20 · Interest
total $227,063 · management and general $227,063
-
22 · Depreciation, depletion and amortization
total $570,075 · program services $570,075
-
23 · Insurance
total $106,314 · management and general $106,314
-
24a · Other expenses: Repairs and Maintenance
total $292,355 · program services $292,355 · management and general $0 · fundraising $0
-
24b · Other expenses: Bank Services Charges
total $31,512 · program services $0 · management and general $31,512 · fundraising $0
-
24c · Other expenses: Outside Services
total $38,462 · program services $0 · management and general $38,462 · fundraising $0
-
24d · Other expenses: Overhead Applied
total $268,958 · program services $251,356 · management and general $17,602 · fundraising $0
-
24e · All other expenses
total $363,817 · program services $74,627 · management and general $289,190
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $262,099
-
4 · Accounts receivable
beginning of year $1,205,466 · end of year $2,742,644
-
8 · Inventories for sale or use
beginning of year $1,877,330 · end of year $1,563,508
-
9 · Prepaid expenses and deferred charges
beginning of year $164,843 · end of year $68,858
-
10a · Land, buildings and equipment: cost or other basis
$3,622,987
-
10b · Land, buildings and equipment: accumulated depreciation
$1,921,814
-
10c · Land, buildings and equipment, net
beginning of year $2,170,382 · end of year $1,701,173
-
17 · Accounts payable and accrued expenses
beginning of year $3,397,877 · end of year $2,292,786
-
24 · Unsecured notes and loans payable
beginning of year $2,890,693 · end of year $3,174,732
-
27 · Net assets without donor restrictions
beginning of year $0 · end of year $0
-
28 · Net assets with donor restrictions
beginning of year -$870,549 · end of year $870,764
Mission and programs · 2022
Mission
Train and employ people with severe disabilities that are in need of training, employment and services.
-
Manufacturing Expenses
Expenses $3,678,362
As filed on the 2022 return.
Listed in Part VII
-
Josean FelicianoJOSEAN FELICIANO
DIRECTOR
- Total calculated
- $120,600
- From this org
- $120,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Howard James NunesHOWARD JAMES NUNES
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
John Joseph DodgeJOHN JOSEPH DODGE
MEMBER
- Total calculated
- $0
- Hours/week
- 10
-
John HadasJOHN HADAS
MEMBER
- Total calculated
- $0
- Hours/week
- 10
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.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Hardwick Tactical Corp
C · MANUFACTURE · PR · 100% owned · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 25 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333119349303003
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