Form 990 for tax year 2024

Totals

Total revenue

$227,255

Total expenses

$279,734

Contributions and grants received

$227,255

Grants paid

$265,124

Program service revenue

$0

Investment income

$0

Other revenue

$0

Total assets, end of year

$129,864

Total liabilities, end of year

$170,355

Net assets or fund balances, end of year

-$40,491

Program services expenses (Part IX)

$279,074

Management and general expenses

$660

Fundraising expenses

$0

Program service expenses (Part III)

$279,074

Program services were 99.8% 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.

Mission and programs · 2024

• The Foundation's Educational Development and Support Program awarded funds to support 15 schools and other nonprofit organizations during 2024. With these funds, the Foundation ensures these organizations receive necessary support to continue to provide educational services to underserved communities in Puerto Rico. The projects funded provide the necessary and effective tools for students to value our soil, to learn the use of effective and efficient construction techniques, to learn how to play musical instruments, and to further the educational development.

  Expenses $229,074 · Grants $215,124

• The Foundation celebrated the 2nd edition of the Guiomar Garcia Award. This award is provided to organization that have exceeded expectations in the development, innovation and management of its programs.

  Expenses $15,000 · Grants $15,000

• The Foundation brought friendship gifts to the patients of the oncology unit of the Puerto Rico Children's Hospital to promote emotional well being. The Foundation expanded its pediatric hospital educational project by providing educational services to long-care patients at four hospitals.

  Expenses $20,000 · Grants $20,000

• The Foundation acquired and installed three air conditioner units, and performed an electric review for the Casa Ninos Manuel Fernandez Juncos. These units were installed to better optimize the classroom learning environment while ensuring safety.

  Expenses $15,000 · Grants $15,000 · Revenue $15,000

As filed on the 2024 return.

Listed in Part VII

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

• PUERTO RICO SPACE FOUNDATION

  $20,000

  Enhance the educational activities and offerings in Puerto Rico

• ASOCIACION SUZUKI DE PUERTO RICO

  $20,000

  Enhance the educational activities and offerings in Puerto Rico

• HOGAR EL BUEN PASTOR

  $20,000

  Enhance the educational activities and offerings in Puerto Rico

• COLABORATIVO PUERTO RICO

  $20,000

  Enhance the educational activities and offerings in Puerto Rico

• FUNDACION DE NINOS DE PUERTO RICO

  $15,000

  Award will help the recipient increase the outreach program of services aimed at maintaining the well-being of children patients, to enhance their quality of life. Their program assists low-income families in Puerto Rico by covering the costs of medical services and treatments necessary for the well-being of their children. Some of these services are surgeries, medical evaluations, medications, laboratories, exams and studies, among others.

• NINOS NUEVA ESPERANZA

  $10,000

  Enhance the educational activities and offerings in Puerto Rico

• FUNDACION DE CULEBRA INC

  $7,500

  Assist in the operational costs of promoting cultural, social, music and sports activities. Improving the quality of life and the economic and social conditions of the island municipality of Culebra, Puerto Rico. Preserving the environment, culture, and history of the island municipality.

• DEPARTAMENTO DE EDUCACION DE PUERTO RICO

  — no cash amount reported

  Enhance the educational activities in public schools of Puerto Rico by acquiring or updating their equipment and supplies

Provenance

Return type

form_990

Tax year

2024

Filed

31 July 2025

IRS schema version

2024v5.0

Source object

202533499349300783

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