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Nonprofiteer
← CENTRO DE PERIODISMO INVESTIGATIVO INC

Form 990 for tax year 2024

Filed by CENTRO DE PERIODISMO INVESTIGATIVO INC.

Totals

Total revenue
$2,272,932
Total expenses
$2,205,451
Contributions and grants received
$2,238,949
Grants paid
$0
Program service revenue
$0
Investment income
$33,983
Other revenue
$0
Total assets, end of year
$2,720,834
Total liabilities, end of year
$63,470
Net assets or fund balances, end of year
$2,657,364
Program services expenses (Part IX)
$1,675,300
Management and general expenses
$268,282
Fundraising expenses
$261,869
Program service expenses (Part III)
$1,675,300

Program services were 76.0% 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.

  • 1f · All other contributions, gifts and grants

    $2,238,949

  • 3 · Investment income

    total $33,983 · related or exempt $33,983

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $98,996 · program services $49,498 · management and general $39,598 · fundraising $9,900

  • 7 · Other salaries and wages

    total $917,665 · program services $733,858 · management and general $41,571 · fundraising $142,236

  • 8 · Pension plan contributions

    total $20,790 · program services $14,779 · management and general $2,272 · fundraising $3,739

  • 9 · Other employee benefits

    total $78,268 · program services $61,901 · management and general $4,308 · fundraising $12,059

  • 10 · Payroll taxes

    total $90,045 · program services $59,911 · management and general $18,493 · fundraising $11,641

  • 11a · Fees: management

    total $19,500 · program services $5,035 · management and general $14,465

  • 11b · Fees: legal

    total $12,440 · program services $12,400 · management and general $40

  • 11c · Fees: accounting

    total $99,283 · program services $75,752 · management and general $8,747 · fundraising $14,784

  • 11g · Fees: other

    total $159,311 · program services $158,936 · management and general $375

  • 12 · Advertising and promotion

    total $134,822 · program services $129,263 · management and general $5,559

  • 13 · Office expenses

    total $5,730 · program services $355 · management and general $5,291 · fundraising $84

  • 14 · Information technology

    total $38,594 · program services $765 · management and general $37,829

  • 17 · Travel

    total $119,908 · program services $86,670 · management and general $7,032 · fundraising $26,206

  • 19 · Conferences, conventions and meetings

    total $21,464 · program services $10,077 · management and general $10,049 · fundraising $1,338

  • 22 · Depreciation, depletion and amortization

    total $25,213 · program services $19,245 · management and general $2,222 · fundraising $3,746

  • 23 · Insurance

    total $10,897 · program services $8,314 · management and general $960 · fundraising $1,623

  • 24a · Other expenses: Support services

    total $213,727 · program services $159,904 · management and general $32,363 · fundraising $21,460

  • 24b · Other expenses: Maintenance and minor repair

    total $12,995 · program services $9,915 · management and general $1,145 · fundraising $1,935

  • 24c · Other expenses: Memberships and dues

    total $4,568 · program services $4,568

  • 24d · Other expenses: Fellowship awards to journal

    total $52,008 · program services $51,003 · management and general $1,005

  • 24e · All other expenses

    total $69,227 · program services $23,151 · management and general $34,958 · fundraising $11,118

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,463,399 · end of year $983,056

  • 2 · Savings and temporary cash investments

    beginning of year $15,351 · end of year $115,532

  • 3 · Pledges and grants receivable

    beginning of year $835,111 · end of year $593,650

  • 4 · Accounts receivable

    beginning of year $21,042 · end of year $10,316

  • 8 · Inventories for sale or use

    beginning of year $8,585 · end of year $7,542

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,629 · end of year $5,263

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

    $443,386

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

    $106,345

  • 10c · Land, buildings and equipment, net

    beginning of year $303,190 · end of year $337,041

  • 11 · Investments: publicly traded securities

    end of year $519,191

  • 15 · Other assets

    end of year $149,243

  • 17 · Accounts payable and accrued expenses

    beginning of year $60,646 · end of year $63,470

  • 27 · Net assets without donor restrictions

    beginning of year $2,177,270 · end of year $2,506,016

  • 28 · Net assets with donor restrictions

    beginning of year $413,391 · end of year $151,348

Mission and programs · 2024

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 2024 reporting continued in health, economy, education, housing, climate and environmental stories, which addressed issues impacting our communities daily lives. Our publications increased and our reach grew. Our unique website visitors grew 23% this year and newsletter subscriber grew by 14%. We retained a partnership with Telemundo/Rayos X, this allows us to participate in TV every week. We also maintained our gender issues unit as well as our public education unit, and added a permanent health reporting beat.

    Expenses $1,053,940

  • TRAINING INSTITUTE: The institute offers professional education to journalism students and professionals in investigative journalism. The institute membership for this year was 89 members. Also, we trained 20 young people from disadvantaged communities in vieques offering them media literacy and citizen journalism skills.

    Expenses $468,087

  • 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 Transparency Program team works with the support of the Legal Clinic of the Inter-American University School of Law, including litigation when necessary. We have also hired an in house lawyer to work on research, advise and strategic litigation cases, community outreach, and offering workshops on access to information. Additionally, our team published the first searchable database of public documents regarding the Fiscal Control Board in Puerto Rico, a unique and valuanle data instrument for journalists, researchers, policymakers, academics, transparency organizations and other groups.

    Expenses $153,273

As filed on the 2024 return.

Listed in Part VII

  • Carla Santos

    Executive Director

    Total calculated
    $104,746
    From this org
    $98,996
    From related orgs
    $0
    Other
    $5,750
    Hours/week
    38

  • Omaya Sosa

    Founder Member

    Total calculated
    $55,705
    From this org
    $55,705
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Oscar Serrano

    Founder Member

    Total calculated
    $12,376
    From this org
    $12,376
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Angelica Serrano

    Vocales

    Total calculated
    $4,254
    From this org
    $4,254
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Carlos Rodriguez

    President

    Total calculated
    $0
    Hours/week
    3

  • Judith Berkan

    Treasurer

    Total calculated
    $0
    Hours/week
    10

  • Carlos Ramos

    Secretary

    Total calculated
    $0
    Hours/week
    3

  • Patricia Gutierrez

    Vocales

    Total calculated
    $0
    Hours/week
    1

  • Efren Rivera

    Vocales

    Total calculated
    $0
    Hours/week
    2

  • Janice Petrovitch

    Vice President

    Total calculated
    $0
    Hours/week
    3

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
2024
Filed
15 May 2025
IRS schema version
2024v5.1
Source object
202531359349309248

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