- Revenue 2024
- $16,200,639
- Expenses 2024
- $6,861,399
Program services were 36.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- NTEE code
- A510
- Classification
- 1000
- Street
- 2325 BLVD LUIS A FERRE
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 PRINCIPAL PURPOSE OF THE LUIS A. FERRE FOUNDATION, INC. (LAAF) IS TO OPERATE, MAINTAIN, CONSERVE, AND EXHIBIT ITS COLLECTION OF ART AT THE MUSEO DE ARTE DE PONCE (MAP), A MUSEUM IN PUERTO RICO ACCREDITED BY THE AMERICAN ALLIANCE OF MUSEUMS. LAFF OWNS ONE OF THE FINEST AND MOST IMPORTANT COLLECTIONS OF EUROPEAN ART IN THE WESTERN HEMISPHERE. MUSEO DE ARTE DE PONCE CONNECTS THE COMMUNITY WITH THE RICHNESS OF THE WESTERN ART AND ITS MAKERS, FROM THE FOURTEENTH CENTURY TO THE PRESENT. IT INVITES DISCOVERY, STIMULATES CURIOSITY AND FOSTERS DIALOGUE. AS PART OF ITS OBJECTIVES, IT SEEKS TO PROMOTE APPRECIATION OF ART, OFFERS EDUCATIONAL AND RECREATIONAL RESOURCES, AND ESTABLISHES TIES WITH DISADVANTAGED COMMUNITIES IN PUERTO RICO.
Activities or mission (Part I)
SEE SCHEDULE O
-
SEE SCHEDULE O
Expenses $2,521,019 · Revenue $32,896
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.
-
Maria Luisa Ferre RangelMARIA LUISA FERRE RANGEL
PRESIDENT &
- Total calculated
- $0
-
Antonio Luis Ferre RangelANTONIO LUIS FERRE RANGEL
TRUSTEE
- Total calculated
- $0
-
Rafael Cox AlomarRAFAEL COX ALOMAR
TRUSTEE
- Total calculated
- $0
-
Luis Trigo FerreLUIS TRIGO FERRE
TRUSTEE
- Total calculated
- $0
-
Jaime FonalledasJAIME FONALLEDAS
TRUSTEE
- Total calculated
- $0
-
Salom GalibSALOM GALIB
TRUSTEE
- Total calculated
- $0
-
Nicholas ProutyNICHOLAS PROUTY
TRUSTEE
- Total calculated
- $0
-
Anaymir Muoz GrajalesANAYMIR MUOZ GRAJALES
TRUSTEE
- Total calculated
- $0
-
Richard Carrion MatienzoRICHARD CARRION MATIENZO
TRUSTEE
- Total calculated
- $0
-
Walter KeenanWALTER KEENAN
TRUSTEE
- Total calculated
- $0
-
Alberto BacALBERTO BAC
TRUSTEE
- Total calculated
- $0
-
Pedro Buso GarciaPEDRO BUSO GARCIA
SECRETARY
- Total calculated
- $0
-
Carlos G Martinez RiveraCARLOS G MARTINEZ RIVERA
TREASURER
- Total calculated
- $0
-
Marcos MonteroMARCOS MONTERO
ASSOCIATE DE
- Total calculated
- $145,122
- From this org
- $145,122
- From related orgs
- $0
- Other
- $0
-
Rubi Rodriguez BustilloRUBI RODRIGUEZ BUSTILLO
DEPUTY DIREC
- Total calculated
- $225,857
- From this org
- $225,857
- From related orgs
- $0
- Other
- $0
Schedule J breakdown matched by us
- Base
- $191,957
- Bonus
- $33,900
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $225,857
-
Hector Guillermo MartinezHECTOR GUILLERMO MARTINEZ
TRUSTEE
- 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
- $16,200,639
- Expenses
- $6,861,399
- Contributions
- $15,403,443
- Grants paid
- $0
-
2023
- Revenue
- $5,238,848
- Expenses
- $5,711,842
- Contributions
- $4,272,240
- Grants paid
- $0
-
2022
- Revenue
- $4,898,282
- Expenses
- $6,063,560
- Contributions
- $4,165,650
- 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
- $6,290,339
- Expenses
- $5,149,913
- Assets (EOY)
- $43,330,200
-
2020 · 990
- Revenue
- $3,960,485
- Expenses
- $8,216,282
- Assets (EOY)
- $45,932,635
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
No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.
Grants received
-
$25,000
2024 RENAISSANCE ALLURE 39TH ANNUAL GALA
-
$20,000
2024 GENERAL SUPPORT
-
DONOR ADVISED CHARITABLE GIVING
$10,000
2024 ARTS, CULTURE & HUMANITIES
-
$10,000
2023 GENERAL SUPPORT
-
2023 For grant recipient's exempt purposes
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 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.