- Revenue 2024
- $4,532,198
- Expenses 2024
- $4,541,322
Program services were 57.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- NTEE code
- S20
- Classification
- 1000
- Street
- 1500 CALLE ANTONSANTI
These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).
Mission and programs · 2024
Mission
THE MAIN OBJECTIVE OF THE ORGANIZATION IS TO PROMOTE STRATEGIC PHILANTHROPY AS CATALYST TO ACCELERATE THE ECONOMIC, SOCIAL, AND SUSTAINABLE DEVELOPMENT IN PUERTO RICO BY COMMISSIONING HIGHLY FOCUSED RESEARCH, OFFERING EXPERT COUNSEL AND CONDUCTING EDUCATIONAL ACTIVITIES THAT WILL ADVANCE THE PHILANTHROPIC INITIATIVES AND PROGRAMS TO BE SUPPORTED BY THE ORGANIZATION.
Activities or mission (Part I)
FOUNDATION FOR PUERTO RICO, INC. (FPR) WORKS WITH A DEFINED PLAN TO DEVELOP PUERTO RICO'S SOCIAL AND ECONOMIC POTENTIAL AND TRANSFORM IT INTO AN IMPORTANT COMPETITOR IN THE WORLD. FPR DOES THIS BY PROMOTING THE VISITOR ECONOMY AND EXPORT OF THE 21ST CENTURY AS CENTRAL TO ECONOMIC DEVELOPMENT; SUPPORTING INNOVATION IN EVERY SECTOR; CONTRIBUTING TO STRENGTHEN AND DEVELOP THE ORGANIZATIONS THAT MAKE UP OUR SOCIETY; AND DRIVING THE TALENT HERE TO RECOGNIZE ITS POTENTIAL. THE MISSION IS TO TRANSFORM PUERTO RICO INTO A DESTINATION FOR THE WORLD BY DRIVING SUSTAINABLE STRATEGIES OF ECONOMIC AND SOCIAL DEVELOPMENT.
-
RESILIENCY INITIATIVES - SUPPORTS THE REBUILDING AND RECOVERY EFFORTS OF THE ISLAND THROUGH PARTICIPATORY PLANNING PROCESSES, RESILIENCY DONATIONS, EDUCATIONAL TOOLS AND MATERIALS, TECHNICAL ASSISTANCE, AND INSPIRATION TO A NEW GENERATION OF RESILIENT COMMUNITIES THAT WILL BE PREPARED TO SURVIVE AND THRIVE IN THE FACE OF UNFORSEEN ADVERSITY.
Expenses $1,770,644
-
ECONOMIC DEVELOPMENT INITIATIVES - INCLUDES THE IMPLEMENTATION OF ECONOMIC DEVELOPMENT STRATEGIES IN THE COMMUNITIES OF PUERTO RICO WHILE MAXIMIZING OUR ASSETS. ALSO, WORKING ON STRENGTHENING THE THIRD SECTOR, ENTREPRENEURIAL AND BUSINESS ECOSYSTEMS, AND SOCIAL CAPITAL IN GENERAL. ALL FROM THE "BOTTOM UP".
Expenses $770,428
-
POLICY, RESEARCH, AND INNOVATION INITIATIVES - DRIVE INNOVATION THROUGH POLICY AND RESEARCH, SHARING KNOWLEDGE AND BEST PRACTICES, AND DEVELOPING STRATEGIES IN COLLABORATION WITH PARTNERS TO ADDRESS CRITICAL CHALLENGES AND OPPORTUNITIES AFFECTING OUR COMMUNITIES, WITH THE MAIN GOAL OF BRINGING GROWTH AND TRANSFORMATION TO PUERTO RICO'S ECONOMY. SEEKS TO IMPLEMENT INNOVATIVE AND STRATEGIC INNITIATIVE THROUGH THE CENTER OF STRATEGIC INNOVATION.
Expenses $66,060
-
SCALLING UP FOR INNOVATION - SUPPORTS AND COLLABORATES TO BUILD THE CAPACITY OF NON-PROFIT ORGANIZATIONS SO THEY MAY INNOVATE, BECOME COMPETITIVE, AND TAKE ADVANTAGE OF GLOBAL OPPORTUNITIES.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Officers and directors · 2024
As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
Damaris Ocasio NievesDAMARIS OCASIO NIEVES
CFO
- Total calculated
- $159,990
- From this org
- $159,990
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $159,990
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $159,990
-
Soledad Gaztambide ArandesSOLEDAD GAZTAMBIDE ARANDES
CHIEF OFFICE
- Total calculated
- $127,100
- From this org
- $127,100
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Cesar A Santos CardonaCESAR A SANTOS CARDONA
HR DIRECTOR
- Total calculated
- $105,100
- From this org
- $105,100
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Alma M Frontera ColonALMA M FRONTERA COLON
VP OPERATION
- Total calculated
- $104,225
- From this org
- $104,225
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Alexander BorschowALEXANDER BORSCHOW
DIRECTOR
- Total calculated
- $0
-
Jonathan BorschowJONATHAN BORSCHOW
CHAIRMAN
- Total calculated
- $0
-
Ronald CastroRONALD CASTRO
DIRECTOR
- Total calculated
- $0
-
Graciela EletaGRACIELA ELETA
VICE-CHAIRWO
- Total calculated
- $0
-
Jesus LopezJESUS LOPEZ
DIRECTOR
- Total calculated
- $0
-
Ramon MelladoRAMON MELLADO
CHAIR GOVERN
- Total calculated
- $0
-
Carlos L Rodriguez RamosCARLOS L RODRIGUEZ RAMOS
DIRECTOR
- Total calculated
- $0
-
Juan A RamosJUAN A RAMOS
DIRECTOR
- Total calculated
- $0
-
Ingrid RiveraINGRID RIVERA
SECRETARY
- Total calculated
- $0
-
Zulmarie UrrutiaZULMARIE URRUTIA
TREASURER
- Total calculated
- $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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.
Filings
-
2024
- Revenue
- $4,532,198
- Expenses
- $4,541,322
- Contributions
- $4,423,440
- Grants paid
- $95,441
-
2023
- Revenue
- $4,333,453
- Expenses
- $4,622,360
- Contributions
- $4,136,379
- Grants paid
- $98,972
-
2022
- Revenue
- $6,329,800
- Expenses
- $4,635,720
- Contributions
- $6,269,516
- Grants paid
- $0
The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.
Other returns filed
-
2021 · 990
- Revenue
- $7,478,799
- Expenses
- $7,301,165
- Assets (EOY)
- $4,538,825
-
2020 · 990
- Revenue
- $5,218,626
- Expenses
- $5,972,674
- Assets (EOY)
- $3,606,933
-
2018 · 990
- Revenue
- $6,149,360
- Expenses
- $8,944,229
- Assets (EOY)
- $6,990,888
-
2017 · 990
- Revenue
- $11,157,054
- Expenses
- $3,591,526
- Assets (EOY)
- $9,992,238
-
2016 · 990
- Revenue
- $1,881,987
- Expenses
- $1,647,614
- Assets (EOY)
- $2,170,342
-
2015 · 990
- Revenue
- $2,083,329
- Expenses
- $2,103,601
- Assets (EOY)
- $2,008,923
-
2014 · 990
- Revenue
- $2,283,759
- Expenses
- $1,429,755
- Assets (EOY)
- $2,714,189
Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.
Grants made
-
MARINY DEL R VAZQUEZ MALDONADO MARINY DEL R VAZQUEZ MALDONADO
$77,378
2024 REIMBURSEMENT
-
2023 GRANT REINBURSEMENT
Grants received
-
2022 EQUITABLE NEIGHBORHOOD DEVELOPMENT
-
$23,500
2022 HELPING FARMERS THRIVE
-
2022 For grant recipient's exempt purposes
-
2022 GENERAL SUPPORT
-
2022 PUBLIC, SOCIETAL BENEFIT
Other IRS files
Auto-Revocation List
Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.
Publication 78
Listed as of 13 October 2026, under deductibility PC.
These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.
What this page reflects
The registration facts above come from the IRS Business Master File published 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.