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Nonprofiteer
← 2022 ACT FOUNDATION INC

Form 990 for tax year 2023

Filed by 2022 ACT FOUNDATION INC.

Totals

Total revenue
$2,458,840
Total expenses
$1,848,402
Contributions and grants received
$2,316,206
Grants paid
$1,370,000
Program service revenue
$0
Investment income
$142,634
Other revenue
$0
Total assets, end of year
$2,933,298
Total liabilities, end of year
$62,588
Net assets or fund balances, end of year
$2,870,710
Program services expenses (Part IX)
$1,370,000
Management and general expenses
$478,402
Fundraising expenses
$0
Program service expenses (Part III)
$1,370,000

Program services were 74.1% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $2,316,206

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $142,634 · related or exempt $0 · unrelated business $0 · excluded $142,634

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,370,000 · program services $1,370,000

  • 7 · Other salaries and wages

    total $60,653 · management and general $60,653

  • 10 · Payroll taxes

    total $4,591 · management and general $4,591

  • 11b · Fees: legal

    total $72,950 · management and general $72,950

  • 11c · Fees: accounting

    total $21,101 · management and general $21,101

  • 11f · Fees: investment management

    total $53,085 · management and general $53,085

  • 12 · Advertising and promotion

    total $166,822 · management and general $166,822

  • 13 · Office expenses

    total $260 · management and general $260

  • 14 · Information technology

    total $11,539 · management and general $11,539

  • 19 · Conferences, conventions and meetings

    total $45 · management and general $45

  • 23 · Insurance

    total $314 · management and general $314

  • 24a · Other expenses: Communication Expense

    total $12,602 · program services $0 · management and general $12,602 · fundraising $0

  • 24b · Other expenses: Payroll Servicing Fees

    total $975 · program services $0 · management and general $975 · fundraising $0

  • 24c · Other expenses: Processor Fees

    total $73,081 · program services $0 · management and general $73,081 · fundraising $0

  • 24d · Other expenses: Security Monitoring Expense

    total $384 · program services $0 · management and general $384 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,560 · end of year $2,673

  • 2 · Savings and temporary cash investments

    beginning of year $2,337,661 · end of year $796,500

  • 4 · Accounts receivable

    end of year $160,313

  • 9 · Prepaid expenses and deferred charges

    end of year $43,762

  • 11 · Investments: publicly traded securities

    end of year $1,917,950

  • 15 · Other assets

    beginning of year $12,100 · end of year $12,100

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,127 · end of year $20,530

  • 25 · Other liabilities

    beginning of year $2,982 · end of year $42,058

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,337,212 · end of year $2,870,710

Mission and programs · 2023

Mission

The organization allocates monetary contributions to charities dealing with different causes like children and human well-being, animal welfare, social care and development, among others. The organization also educates the public about Puerto Rico Acts 20 and 22 of 20 and Act 60 of 2019, as amended.

Activities or mission (Part I)

The organization allocates monetary contributions to charities dealing with different causes like children, animal cruelty, human well-being, and social development, among others. The organization also educates the public about Puerto Rico Acts 20 and 22 of 2012 and Act 60 of 2019, as amended.

  • Children well-being: Grants to organizations dealing with children and youth well-being, care, and social development. The purpose of these grants was to support organizations whose work plan deals with addressing spiritual needs, community volunteering, provide shelter, refurbished computers to local schools and disadvantaged communities, supporting libraries that provide learning materials to students from different municipalities of Puerto Rico, scholarships for higher education programs to low-income students, hospice care to children victims of domestic abuse, massive vaccination drive campaigns, and children's hospital facilities.

    Expenses $325,000 · Grants $325,000

  • Animal welfare: Grants to nonprofit organizations promoting and safeguarding the welfare of dogs, cats, horses, and the local bee population. The purpose of these grants was to support educational campaigns in those areas, as well as supporting the rescue, care, healing, and adoption of stray dogs and cats, as well as the rehabilitation of horses.

    Expenses $170,000 · Grants $170,000

  • Social causes: Grants to nonprofit organizations dealing with domestic abuse awareness, shelter, and rehabilitation of the homeless and the elderly. Programs that support low-income women with sexual and reproductive care and testing. Also to organizations that undertake music healing programs, provide shelter, care, and develop low-income and disadvantaged youth in Puerto Rico.

    Expenses $655,000 · Grants $655,000

  • Additional program services included grants for organizations to operate programs related to local beach cleaning activities, education, prevention, and treatment of cancer, supporting the operations of the main trauma hospital in Puerto Rico that treats emergencies that involve high-risk injuries, and to support programs of organizations that covered psychological and physical needs of families during natural disasters in Puerto Rico such as earthquakes and hurricanes, and the coronavirus pandemic, as well as the empowerment of women in the construction work field dealing with housing affected by earthquakes and natural disasters in Puerto Rico.

    Expenses $220,000 · Grants $220,000

As filed on the 2023 return.

Listed in Part VII

  • Enid Concepcion

    Secretary

    Total calculated
    $55,033
    From this org
    $31,339
    From related orgs
    $0
    Other
    $23,694
    Hours/week
    20

  • Robb Rill

    President

    Total calculated
    $0
    Hours/week
    8

  • Robert Bunn

    Member of Board of Directors

    Total calculated
    $0
    Hours/week
    0

  • Susan J Blasberg

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Tara Rill

    Vice President

    Total calculated
    $0
    Hours/week
    0

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

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202423169349304742

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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