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FOUNDATION FOR PUERTO RICO INC

EIN 66-0776227 SAN JUAN, PR

Browse the largest nonprofits in Puerto Rico

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 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 Arandes

    CHIEF OFFICE

    Total calculated
    $127,100
    From this org
    $127,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Cesar 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 Colon

    VP OPERATION

    Total calculated
    $104,225
    From this org
    $104,225
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Alexander Borschow

    DIRECTOR

    Total calculated
    $0
  • Jonathan Borschow

    CHAIRMAN

    Total calculated
    $0
  • Ronald Castro

    DIRECTOR

    Total calculated
    $0
  • Graciela Eleta

    VICE-CHAIRWO

    Total calculated
    $0
  • Jesus Lopez

    DIRECTOR

    Total calculated
    $0
  • Ramon Mellado

    CHAIR GOVERN

    Total calculated
    $0
  • Carlos L Rodriguez Ramos

    DIRECTOR

    Total calculated
    $0
  • Juan A Ramos

    DIRECTOR

    Total calculated
    $0
  • Ingrid Rivera

    SECRETARY

    Total calculated
    $0
  • Zulmarie 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

Where these grants went next →

Grants received

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.