Form 990 for tax year 2022
Filed by COMITE OLIMPICO DE PUERTO RICO INC OLD NAVAL BASE SAN JUAN.
Totals
- Total revenue
- $11,245,976
- Total expenses
- $11,288,702
- Contributions and grants received
- $11,095,928
- Grants paid
- $2,019,434
- Program service revenue
- $0
- Investment income
- $10,525
- Other revenue
- $139,523
- Total assets, end of year
- $13,304,502
- Total liabilities, end of year
- $287,364
- Net assets or fund balances, end of year
- $13,017,138
- Program services expenses (Part IX)
- $9,991,219
- Management and general expenses
- $1,297,483
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $9,951,220
Program services were 88.5% 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)
$8,000,000
-
1f · All other contributions, gifts and grants
$3,095,928
-
1g · Noncash contributions included above
$1,305,535
-
3 · Investment income
total $10,525 · related or exempt $10,525
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$127,807
-
10b · Cost of goods sold
$13,997
-
10c · Net income from sales of inventory
total $113,810 · related or exempt $113,810
-
11d · All other revenue
total $25,713 · related or exempt $25,713
-
11e · Other revenue, total
$25,713
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $833,061 · program services $833,061
-
2 · Grants to domestic individuals
total $1,186,373 · program services $1,186,373
-
5 · Compensation of officers, directors and key employees
total $111,138 · program services $88,911 · management and general $22,227
-
7 · Other salaries and wages
total $711,283 · program services $569,027 · management and general $142,256
-
10 · Payroll taxes
total $125,935 · program services $106,594 · management and general $19,341
-
11a · Fees: management
total $195,350 · program services $166,048 · management and general $29,302
-
11b · Fees: legal
total $67,302 · program services $57,207 · management and general $10,095
-
11c · Fees: accounting
total $71,350 · program services $60,648 · management and general $10,702
-
11g · Fees: other
total $1,171,854 · program services $996,076 · management and general $175,778
-
12 · Advertising and promotion
total $292,526 · program services $260,400 · management and general $32,126
-
13 · Office expenses
total $127,722 · program services $76,633 · management and general $51,089
-
14 · Information technology
total $57,512 · program services $48,885 · management and general $8,627
-
16 · Occupancy
total $1,502,543 · program services $1,466,805 · management and general $35,738
-
17 · Travel
total $2,865,112 · program services $2,812,259 · management and general $52,853
-
20 · Interest
total $4,939 · program services $2,716 · management and general $2,223
-
21 · Payments to affiliates
total $321,785 · program services $321,785
-
22 · Depreciation, depletion and amortization
total $134,131 · program services $73,772 · management and general $60,359
-
23 · Insurance
total $242,071 · program services $227,579 · management and general $14,492
-
24a · Other expenses: FREIGHT AND STAMPS
total $26,632 · program services $15,979 · management and general $10,653
-
24b · Other expenses: IN KIND
total $354,222 · management and general $354,222
-
24c · Other expenses: COMPETITIONS
total $276,587 · program services $276,587
-
24d · Other expenses: BANK CHARGES
total $54,724 · management and general $54,724
-
24e · All other expenses
total $554,550 · program services $343,874 · management and general $210,676 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,525,547 · end of year $12,263,785
-
3 · Pledges and grants receivable
beginning of year $4,555,963
-
4 · Accounts receivable
end of year $399,287
-
7 · Other notes and loans receivable
beginning of year $86,662 · end of year $148,598
-
8 · Inventories for sale or use
beginning of year $73,093 · end of year $74,993
-
9 · Prepaid expenses and deferred charges
beginning of year $16,768 · end of year $61,222
-
10a · Land, buildings and equipment: cost or other basis
$1,669,162
-
10b · Land, buildings and equipment: accumulated depreciation
$1,315,515
-
10c · Land, buildings and equipment, net
beginning of year $329,315 · end of year $353,647
-
15 · Other assets
beginning of year $2,970 · end of year $2,970
-
17 · Accounts payable and accrued expenses
beginning of year $225,280 · end of year $204,630
-
19 · Deferred revenue
beginning of year $10,300 · end of year $4,800
-
24 · Unsecured notes and loans payable
beginning of year $154,677 · end of year $77,934
-
25 · Other liabilities
beginning of year $140,197
-
27 · Net assets without donor restrictions
beginning of year $0
Mission and programs · 2022
Mission
THEENTITY'SMISSIONISTHETRAININGANDDEVELOPMENTOFHIGHPERFORMANCEATHLETESFORTHEREPRESENTATIONOFPRININTERNATIONALSPORTSCOMPETITIONS.ALSO,THEENTITYPROVIDESFINANCIALASSISTANCEANDTRAINNINGFACILITIESFORTRAININGTOATHLETESANDTHEIRFEDERATIONS.
Activities or mission (Part I)
THE ENTITY'S MISSION IS THE TRAINING AND DEVELOPMENT OF HIGH PERFORMANCE ATHLETES FOR THE REPRESENTATION OF PR IN INTERNATIONAL SPORTS COMPETITIONS. ALSO, THE ENTITY PROVIDES FINANCIAL ASSISTANCE AND FACILITIES FOR TRAINING TO ATHLETES AND THEIR FEDERATIONS.
-
SPORTS DELEGATIONS AND FEDERATIONS RECEIVED ECONOMIC SUPPORT FROM THE ENTITY TO COVER THEIR OPERATIONS AND ADMINISTRATIVE EXPENSES INCLUDING TRANSPORTATION, TRAINING, AND MEALS ON THEIR DIFFERENT TOURNAMENTS, TRAINING FACILITIES ARE PROVIDED TO ATHLETES AND THEIR FEDERATIONS
Expenses $9,951,220 · Revenue $11,205,977
As filed on the 2022 return.
Listed in Part VII
-
Sara Rosario VelezSARA ROSARIO VELEZ
PRESIDENT
- Total calculated
- $111,138
- From this org
- $111,138
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Victor RuizVICTOR RUIZ
FIRST VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Victor LopezVICTOR LOPEZ
SECOND VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Carlos BeltranCARLOS BELTRAN
GENERAL SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Ivan SantosIVAN SANTOS
DEPUTY SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Humberto TorresHUMBERTO TORRES
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Mildred ColonMILDRED COLON
DEPUTY TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Fernando DelgadoFERNANDO DELGADO
VOCAL
- Total calculated
- $0
- Hours/week
- 1
-
Cesar TrabancoCESAR TRABANCO
VOCAL
- Total calculated
- $0
- Hours/week
- 1
-
Carlos SantiagoCARLOS SANTIAGO
ATHLETE DELEGATE
- Total calculated
- $0
- Hours/week
- 1
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
-
ALBERGUE OLIMPICO
no cash amount reported
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 23 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202331779349301428
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