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← PUERTO RICO CONSORTIUM FOR CLINICAL INVESTIGATION INC

Form 990 for tax year 2023

Filed by PUERTO RICO CONSORTIUM FOR CLINICAL INVESTIGATION INC.

Totals

Total revenue
$1,553,656
Total expenses
$1,763,978
Contributions and grants received
$334,548
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$1,219,108
Total assets, end of year
$657,430
Total liabilities, end of year
$241,357
Net assets or fund balances, end of year
$416,073
Program services expenses (Part IX)
$1,246,991
Management and general expenses
$516,987
Fundraising expenses
$0
Program service expenses (Part III)
$1,246,991

Program services were 70.7% 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)

    $334,548

  • 11a · Other revenue: CONTRIBUTORS FROM PARENT COMP

    total $1,099,139 · related or exempt $1,099,139

  • 11b · Other revenue: CLINICAL TRIALS REVENUE

    total $105,184 · related or exempt $105,184

  • 11c · Other revenue: OTHER REVENUE

    total $14,785 · related or exempt $14,785

  • 11e · Other revenue, total

    $1,219,108

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $747,701 · program services $444,406 · management and general $303,295

  • 10 · Payroll taxes

    total $383,608 · program services $218,082 · management and general $165,526

  • 11a · Fees: management

    total $227,251 · program services $200,431 · management and general $26,820

  • 12 · Advertising and promotion

    total $104,658 · program services $104,658

  • 17 · Travel

    total $3,733 · program services $3,733

  • 22 · Depreciation, depletion and amortization

    total $35,939 · program services $34,465 · management and general $1,474

  • 23 · Insurance

    total $15,762 · program services $14,140 · management and general $1,622

  • 24a · Other expenses: OTHER OPERATING EXP

    total $231,884 · program services $227,076 · management and general $4,808

  • 24b · Other expenses: MEETING FEES

    total $6,036 · management and general $6,036

  • 24c · Other expenses: MEMBERSHIP FEES

    total $3,072 · management and general $3,072

  • 24d · Other expenses: SUPPLIES

    total $2,215 · management and general $2,215

  • 24e · All other expenses

    total $2,119 · management and general $2,119

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $595,755 · end of year $287,324

  • 3 · Pledges and grants receivable

    beginning of year $229,862 · end of year $258,640

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

    $234,175

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

    $132,849

  • 10c · Land, buildings and equipment, net

    beginning of year $44,356 · end of year $101,326

  • 11 · Investments: publicly traded securities

    beginning of year $25,678 · end of year $10,140

  • 17 · Accounts payable and accrued expenses

    beginning of year $195,890 · end of year $157,902

  • 25 · Other liabilities

    beginning of year $73,366 · end of year $83,455

  • 31 · Retained earnings, endowment or other funds

    beginning of year $626,395 · end of year $416,073

Mission and programs · 2023

Mission

PURPOSE OF THE NFP DEVELOP RESEARCH AND CLINICAL INVESTIGATION.

Activities or mission (Part I)

DATA, SCIENCE AND CLINICAL INVESTIGATION. NOT FOR PROFIT COOPERATIVE OF TOP ACADEMIC AND PRIVATE RESEARCH SITES.

  • PURPOSE OF THE NFP DEVELOP RESEARCH AND CLINICAL INVESTIGATION. CLINICAL TRIALS 105,184 FEDERAL GRANTS 334,548 CLINICAL RESEARCH 1,099,139

    Revenue $1,538,871

  • DEVELOP CLINICAL INVESTIGATION AND RESEARCH.

    Expenses $1,246,991 · Revenue $14,785

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

Listed in Part VII

  • Amarilys Siva Boschetti

    EXECUTIVE DI

    Total calculated
    $175,000
    From this org
    $175,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $175,000

  • Ricardo Garcia Toledo

    FINANCIAL LE

    Total calculated
    $83,250
    From this org
    $83,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jorge Martinez

    CLINICAL RES

    Total calculated
    $70,000
    From this org
    $70,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Dayanara Belen Silva

    BUSINESS DEV

    Total calculated
    $70,000
    From this org
    $70,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Lcda Teric Brito

    COMP MANAGER

    Total calculated
    $60,000
    From this org
    $60,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Zumarie Vazquez

    GRANT PROJEC

    Total calculated
    $60,000
    From this org
    $60,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Edmagally Villafane

    RESEARCH QUA

    Total calculated
    $60,000
    From this org
    $60,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Cristian Ramirez

    OP PROJECT M

    Total calculated
    $55,000
    From this org
    $55,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521359349311342

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