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Nonprofiteer
← CENTRO DE PERIODISMO INVESTIGATIVO INC

Form 990 for tax year 2022

Filed by CENTRO DE PERIODISMO INVESTIGATIVO INC.

Totals

Total revenue
$1,404,170
Total expenses
$1,675,612
Contributions and grants received
$1,402,335
Grants paid
$5,700
Program service revenue
$0
Investment income
$4,353
Other revenue
-$2,518
Total assets, end of year
$1,961,007
Total liabilities, end of year
$40,684
Net assets or fund balances, end of year
$1,920,323
Program services expenses (Part IX)
$1,003,163
Management and general expenses
$422,789
Fundraising expenses
$249,660
Program service expenses (Part III)
$1,003,163

Program services were 59.9% 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.

  • 1b · Membership dues

    $1,515

  • 1f · All other contributions, gifts and grants

    $1,400,820

  • 1g · Noncash contributions included above

    $70,927

  • 3 · Investment income

    total $4,353 · related or exempt $4,353

  • 10a · Gross sales of inventory

    $4,071

  • 10b · Cost of goods sold

    $6,589

  • 10c · Net income from sales of inventory

    total -$2,518 · related or exempt -$2,518

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $5,700 · program services $5,700

  • 5 · Compensation of officers, directors and key employees

    total $151,814 · program services $106,644 · management and general $25,028 · fundraising $20,142

  • 7 · Other salaries and wages

    total $570,568 · program services $400,806 · management and general $94,063 · fundraising $75,699

  • 8 · Pension plan contributions

    total $5,295 · program services $3,673 · management and general $806 · fundraising $816

  • 9 · Other employee benefits

    total $85,404 · program services $58,046 · management and general $16,719 · fundraising $10,639

  • 10 · Payroll taxes

    total $59,980 · program services $38,821 · management and general $13,827 · fundraising $7,332

  • 11a · Fees: management

    total $400,788 · program services $193,985 · management and general $96,392 · fundraising $110,411

  • 11b · Fees: legal

    total $13,283 · program services $10,845 · management and general $2,438

  • 11c · Fees: accounting

    total $27,771 · program services $19,508 · management and general $4,579 · fundraising $3,684

  • 11g · Fees: other

    total $45,197 · program services $44,197 · management and general $1,000

  • 12 · Advertising and promotion

    total $90,853 · program services $15,389 · management and general $75,464

  • 13 · Office expenses

    total $4,310 · program services $496 · management and general $3,814

  • 14 · Information technology

    total $25,007 · program services $17,567 · management and general $4,123 · fundraising $3,317

  • 16 · Occupancy

    total $24,602 · program services $17,282 · management and general $4,056 · fundraising $3,264

  • 17 · Travel

    total $66,179 · program services $22,775 · management and general $33,863 · fundraising $9,541

  • 19 · Conferences, conventions and meetings

    total $6,287 · program services $1,586 · management and general $4,701

  • 22 · Depreciation, depletion and amortization

    total $21,955 · management and general $21,955

  • 23 · Insurance

    total $9,376 · program services $6,586 · management and general $1,546 · fundraising $1,244

  • 24a · Other expenses: Administration services

    total $25,403 · program services $25,403

  • 24b · Other expenses: Maintenance and minor repair

    total $4,470 · program services $1,315 · management and general $3,155

  • 24c · Other expenses: Memberships and dues

    total $7,619 · program services $7,564 · fundraising $55

  • 24d · Other expenses: Dues and subscriptions

    total $2,121 · management and general $2,121

  • 24e · All other expenses

    total $21,630 · program services $4,975 · management and general $13,139 · fundraising $3,516

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,427,274 · end of year $1,001,291

  • 2 · Savings and temporary cash investments

    beginning of year $117,122 · end of year $165,360

  • 3 · Pledges and grants receivable

    beginning of year $201,165 · end of year $457,932

  • 4 · Accounts receivable

    beginning of year $551 · end of year $350

  • 8 · Inventories for sale or use

    beginning of year $13,716 · end of year $9,318

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,720 · end of year $5,458

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

    $377,132

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

    $55,834

  • 10c · Land, buildings and equipment, net

    beginning of year $321,713 · end of year $321,298

  • 17 · Accounts payable and accrued expenses

    beginning of year $41,219 · end of year $40,684

  • 27 · Net assets without donor restrictions

    beginning of year $1,673,663 · end of year $1,430,264

  • 28 · Net assets with donor restrictions

    beginning of year $369,379 · end of year $490,059

Mission and programs · 2022

Mission

Be an instrument to produce, promote and defend investigative journalism and the publics right to access information.

  • JOURNALISM: CPIs journalism work has been significant in the production, promotion, and defense of investigative journalism in Puerto Rico and across the Americas. Our efforts have contributed to holding those in power accountable. As a strategy to achieve our objectives, we join forces with media partners in Puerto Rico, the U.S. mainland, and with journalists in the Caribbean. In 2022 reporting continued in health, economy, education, and environmental stories, which addressed issues impacting our communities daily lifes. During 2022 our publications increased and our reach grew. We formed a partnership with Telemundo/Rayos X, this allows us to participate in TV every week. We published 13 stories related to Fiona hurracane and the impact it had on the Puerto Rico. We also launched in partnership with todaspr.com a investigative gender issues effort. We launched DE CERCA podcast which had over 2,000 downloads.

    Expenses $781,122

  • TRAINING INSTITUTE: The institute offers professional education to journalism students and professionals in investigative journalism. The program also provides mentorship and fellowship. The institute membership grew to 76 members in 2021 and 2022. Also, we trained community young people in media literacy and citizen journalism.

    Expenses $123,818

  • TRANSPARENCY AND LITIGATION: Our Transparency program advances our mission of providing access to information and transparency intended to have more knowledgeable citizens capable of holding the powerful accountable. The Tranparency team works with the support of the Legal Clinic of the Inter-American University School of Law, including litigation when necessary. In 2021 a lawyer joined our team as an Equal Justice Fellows to do in house legal research, advisory on strategic litigation cases, community outreach, and give workshops on access to information. The coverage regarding the 141 law implementation resulted in agencies and municipalities increasing their compliance with the law. Additionally, our team published some helpful resources such as a guide to request public information to municipalities and agencies. Seven new cases were filed to increase transparency across agencies and municipalities in Puerto Rico.

    Expenses $98,223

As filed on the 2022 return.

Listed in Part VII

  • Carla Santos

    Executive Director

    Total calculated
    $78,999
    From this org
    $78,999
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Omaya Sosa

    Founder Member

    Total calculated
    $60,815
    From this org
    $60,815
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Oscar Serrano

    Founder Member

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Efren Rivera

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Patricia Gutierrez

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Janice Petrovitch

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Daisy Sanchez

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Luis Guardiola

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Carlos Rodriguez

    President

    Total calculated
    $0
    Hours/week
    3

  • Carlos Ramos

    Secretary

    Total calculated
    $0
    Hours/week
    3

  • Judith Berkan

    Treasurer

    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.

Provenance

Return type
form_990
Tax year
2022
Filed
7 July 2023
IRS schema version
2022v5.0
Source object
202311889349300721

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