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Nonprofiteer
← BANCO DE ALIMENTOS PUERTO RICO INC

Form 990 for tax year 2022

Filed by BANCO DE ALIMENTOS PUERTO RICO INC.

Totals

Total revenue
$35,246,065
Total expenses
$34,163,913
Contributions and grants received
$35,060,393
Grants paid
$0
Program service revenue
$0
Investment income
$185,672
Other revenue
$0
Total assets, end of year
$18,563,996
Total liabilities, end of year
$7,086,530
Net assets or fund balances, end of year
$11,477,466
Program services expenses (Part IX)
$33,512,261
Management and general expenses
$445,844
Fundraising expenses
$205,808
Program service expenses (Part III)
$33,512,261

Program services were 98.1% 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

    $7,350

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $35,053,043

  • 1g · Noncash contributions included above

    $28,008,428

  • 3 · Investment income

    total $32,891 · related or exempt $32,891 · unrelated business $0 · excluded $0

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

    total $152,781 · related or exempt $152,781 · 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.

  • 5 · Compensation of officers, directors and key employees

    total $204,493 · program services $179,954 · management and general $24,539 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $916,679 · program services $760,551 · management and general $103,712 · fundraising $52,416

  • 7 · Other salaries and wages

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

  • 10 · Payroll taxes

    total $98,759 · program services $86,908 · management and general $11,851 · fundraising $0

  • 11c · Fees: accounting

    total $19,270 · program services $4,269 · management and general $3,353 · fundraising $11,648

  • 11g · Fees: other

    total $89,490 · program services $19,828 · management and general $15,572 · fundraising $54,090

  • 12 · Advertising and promotion

    total $87,654 · fundraising $87,654

  • 13 · Office expenses

    total $10,199 · program services $0 · management and general $10,199 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $637,630 · program services $624,877 · management and general $12,753

  • 23 · Insurance

    total $66,385 · program services $53,772 · management and general $12,613

  • 24a · Other expenses: DISTRIBUTED FOOD

    total $27,825,728 · program services $27,825,728 · management and general $0 · fundraising $0

  • 24b · Other expenses: PROPOSAL EXPENSE

    total $2,304,113 · program services $2,304,113 · management and general $0 · fundraising $0

  • 24c · Other expenses: PURCHASED FOOD AND TRANSPORTATION

    total $1,231,594 · program services $1,083,803 · management and general $147,791 · fundraising $0

  • 24d · Other expenses: GAS AND TRAVEL

    total $191,633 · program services $168,637 · management and general $22,996 · fundraising $0

  • 24e · All other expenses

    total $480,286 · program services $399,821 · management and general $80,465

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,408,284 · end of year $12,792,505

  • 2 · Savings and temporary cash investments

    beginning of year $3,015,399 · end of year $266,049

  • 3 · Pledges and grants receivable

    beginning of year $0

  • 4 · Accounts receivable

    beginning of year $4,321 · end of year $6,123

  • 5 · Loans and receivables from officers and key people

    beginning of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0

  • 8 · Inventories for sale or use

    beginning of year $458,792 · end of year $641,493

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,350 · end of year $31,190

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

    $7,309,596

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

    $2,482,960

  • 10c · Land, buildings and equipment, net

    beginning of year $4,910,742 · end of year $4,826,636

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $189,714 · end of year $279,629

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $7,234,860 · end of year $6,806,901

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $10,395,314 · end of year $11,477,466

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

TO REDUCE HUNGER THROUGH FOOD DISTRIBUTION AND FOOD PROGRAMS AND EDUCATION.

Activities or mission (Part I)

TO REDUCE HUNGER THROUGH FOOD DISTRIBUTION, AND FOOD PROGRAMS AND EDUCATION.

  • NO SIGNIFICANT PROGRAMS ARE LISTED IN THIS SECTION SINCE THE ORGANIZATION'S PROGRAM SERVICES ARE MAINLY FOOD DISTRIBUTION. THROUGHOUT THE YEAR 100% OF THE ORGANIZATION EFFORTS GO TOWARDS CONSTANTLY PROVIDING FOOD AND OTHER GOODS TO FAMILIES IN NEED AND WORKING ON ERADICATING HUNGER. NO OTHER SIGNIFICANT PROGRAMS WERE IN PLACE DURING THE YEAR.

    Expenses $33,512,261 · Grants $6,646,828 · Revenue $35,246,065

As filed on the 2022 return.

Listed in Part VII

  • Maria J Laborde Carlo

    EXECUTIVE DIRECTOR

    Total calculated
    $77,359
    From this org
    $77,359
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Michael De Jesus

    OPERATIONS MANAGER

    Total calculated
    $59,883
    From this org
    $59,883
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Damaris Soto

    PROGRAM MANAGER

    Total calculated
    $50,835
    From this org
    $50,835
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Franklin Valentin Lopez

    FOOD SOURCING MANAGER

    Total calculated
    $16,416
    From this org
    $16,416
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Nicole E Rios Julia

    PRESIDENT OF THE BOARD

    Total calculated
    $0
    Hours/week
    3

  • Lcda Adriana Perez Rentas

    SECRETARY OF THE BOARD

    Total calculated
    $0
    Hours/week
    3

  • CPA Antonio Echevarria Villafane

    TREASURER OF THE BOARD

    Total calculated
    $0
    Hours/week
    3

  • Denise Santos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Francisco J Cabrero Ojeda

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Alani Lapetina Mafuz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Franco Calero Font

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Pedro E Giner Dapena

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • David De Sevilla Quintero

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Roberto Pando Cintron

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Lcdo Chetzil Penalverty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Pastor Esdras Santiago

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Edwin J Perez Gonzalez

    PAST PRESIDENT OF THE BOARD

    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
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202333199349314153

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