Nonprofit · EIN 66-0413230
PUERTO RICO COMMUNITY FOUNDATION INC
Tax-exempt · SAN JUAN, PR 00936
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $9,361,757 | $6,338,476 | $3,023,281 | $48,526,352 | $6,481,051 | $42,045,301 |
| December 31, 2023 | 990 | $3,816,736 | $6,290,790 | -$2,474,054 | $40,836,391 | $4,438,566 | $36,397,825 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $8,565,226
- of which government grants
- $1,494,784
- Program service revenue
- $0
- Investment income
- $766,281
- Other revenue
- $30,250
Expenses
- Grants and similar amounts paid
- $2,649,180
- Compensation of officers, directors and key employees
- $463,317
- Other salaries and wages
- $935,396
- Salaries, compensation and benefits (total)
- $1,977,247
- Professional fundraising fees
- $0
- Legal fees
- $9,679
- Accounting fees
- $115,376
- Occupancy
- $34,739
- Travel
- $57,019
- Depreciation
- $79,054
- Program services (functional)
- $4,897,878
- Management and general (functional)
- $934,734
- Fundraising (functional)
- $505,864
Balance sheet and other
- Total assets, start of year
- $40,836,391
- Total assets, end of year
- $48,526,352
- Total liabilities, end of year
- $6,481,051
- Net assets, end of year
- $42,045,301
- Land, buildings and equipment
- $2,730,061
- Publicly traded securities
- $33,639,883
- Net assets without donor restrictions
- $32,843,013
- Net assets with donor restrictions
- $9,202,288
- Gross receipts
- $9,361,757
- Employees
- 27
- Volunteers
- 0
- Year formed
- 1984
- State of legal domicile
- PR
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NELSON COLON TARRATS | PRESIDENT & CEO Trustee or director, Key employee, Highest-paid employee | 40 | $229,905 |
| MARY ANN GABINO | VP SENIOR Key employee, Highest-paid employee, Former | 40 | $146,789 |
| NOELIA MARIN OQUENDO | FINANCE DIRECTOR & COMPTROLLER Key employee | 40 | $86,622 |
| DESIREE MIESES LLAVAT | DIRECTOR Trustee or director | 4 | $0 |
| BENJAMIN ROSARIO ROSARIO | DIRECTOR Trustee or director | 4 | $0 |
| MARTA E FERNANDEZ PABELLON | DIRECTOR Trustee or director | 4 | $0 |
| VIVIAN I NEPTUNE RIVERA | VICE PRESIDENT Trustee or director | 4 | $0 |
| MIGUEL L VARGAS JIMENEZ | PRESIDENT BOD Trustee or director | 4 | $0 |
| AIDA TORRES CRUZ | SECRETARY Trustee or director | 4 | $0 |
| ANTONIO ESCUDERO VIERA | TREASURER Trustee or director | 4 | $0 |
| ANITZA COX MARRERO | DIRECTOR Trustee or director | 4 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NELSON COLON TARRATS | PRESIDENT & CEO Key employee, Highest-paid employee | 38 | $216,321 |
| MARY ANN GABINO | VP SENIOR Key employee, Highest-paid employee | 40 | $120,485 |
| DAVID HADDOCK | VICE PRESIDENT Key employee, Highest-paid employee, Former | 32 | $102,370 |
| NOELIA MARIN OQUENDO | FINANCE DIRECTOR & COMPTROLLER Key employee | 40 | $69,969 |
| DESIREE MIESES LLAVAT | DIRECTOR Trustee or director | 4 | $0 |
| BENJAMIN ROSARIO ROSARIO | DIRECTOR Trustee or director | 4 | $0 |
| MARTA E FERNANDEZ PABELLON | DIRECTOR Trustee or director | 4 | $0 |
| JUSTO MENDEZ | DIRECTOR Trustee or director | 4 | $0 |
| MARIA D FERNOS | DIRECTOR Trustee or director | 4 | $0 |
| VIVIAN I NEPTUNE RIVERA | SECRETARY Trustee or director | 4 | $0 |
| MIGUEL L VARGAS JIMENEZ | TREASURER Trustee or director | 4 | $0 |
| AIDA TORRES CRUZ | DIRECTOR Trustee or director | 4 | $0 |
| ANTONIO ESCUDERO VIERA | PRESIDENT BOD Trustee or director | 4 | $0 |
| ANITZA COX MARRERO | VICE PRESIDENT Trustee or director | 4 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 70362, SAN JUAN, PR 00936-8362
- Principal officer (990 for 2024)
- NOELIA MARIN, PO BOX 70362, SAN JUAN, PR 00936
- Signed the 990
- NOELIA MARIN, FINANCE DIRECTOR
- Phone
- (787) 721-1037
- Website
- www.fcpr.org
- Return prepared by
- JUAN A VAZQUEZ ALDEA CPA
Mission
To develop the capacities of the communities in Puerto Rico to achieve their social and economic transformation, stimulating philanthropic investment and maximizing the yield of each contribution.
Program accomplishments
- Educational Programs The development of school communities is an essential part of the Foundation's mission. The Foundation believes that education is the cornerstone for personal and social development. The Foundation perceives education as a social action of interdependence and collective responsibility. The accomplishment of significant achievements and the increase of student academic performance will be the result of the continuous collaboration between the public, private and non profit sectors. This is the climate of collaboration among different sectors promoted by the Foundation to facilitate long term and ongoing support of school improvement at the elementary, middle and high school levelExpenses $188,208 · grants $15,000 · revenue $2,300
- Puerto Rico Recovery Fund in the aftermath of hurricanes Irma and María the Foundation reactivated its Puerto Rico Community Recovery Fund, once used to address Hurricane Hugo and the emergency of 911 in New York. The Fund became a reliable source for donors to facilitate there giving to Puerto Rico and to provide immediate relief and recovery grants to non-profit organizations. After the immediate relief the Fund continue the economic support grants and technical assistance to promote resilient, equitable and sustainable access and development in four strategic milestones renewable energy, drinking water by community aqueducts, affordable housing, education, economic activity at a community based level.Expenses $1,286,398 · grants $419,000 · revenue $5,089,811
- Economic Development Fund Empower economic activity stemming from the community base through the support of community based organizations that stimulate incubation and acceleration of micro-enterprises through grants, capacity building, and technical assistance. Provide access to financial capital in the form of loans, through the Community Investment Fund Fondo de Inversión Comunitaria FIC, to non profit organizations for the purposes of community loan programs for microenterprises or small businesses, ii affordable housing rehabilitation, pre-development, and development costs, iii projects with an identified repayment source contracts, grants, etc., known as bridge loans, and iv feasible activities with a projected financial and social return.Expenses $19,344
- Housing Development Support the development of moderate and low income housing through the enhancement of the leadership and administrative capabilities of not for profit community based organizations by providing grants, capacity building and technical assistance0
- Philanthropy Scholarship and Grants Program Stimulate philanthropic giving from individuals, families, corporations, foundations and other non-profits to provide facilitate grants and scholarship funds to the communityExpenses $3,312,313 · grants $2,215,180 · revenue $2,335,414
- Community Investment Fund Social impact investment fund that provides social and economic returns to investors. The fund provides financing support to not for profit organizations. The eligible users are community financing programs, acquisition and housing rehabilitation, operational capital and social entrepreneurship initiatives.Expenses $91,615
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 66-0413230
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $48,526,352
- Income (IRS master file)
- $9,361,757
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $9,361,757 | $6,338,476 | $48,526,352 | XML |
| 990 | December 2023 | $3,816,736 | $6,290,790 | $40,836,391 | XML |
| 990 | December 2022 | $6,227,953 | $5,751,155 | $41,048,922 | IRS |
| 990 | December 2021 | $4,672,785 | $6,360,519 | $45,680,969 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 66-0413230).
Questions about PUERTO RICO COMMUNITY FOUNDATION INC
- What is the EIN of PUERTO RICO COMMUNITY FOUNDATION INC?
- The employer identification number (EIN) of PUERTO RICO COMMUNITY FOUNDATION INC is 66-0413230.
- Is PUERTO RICO COMMUNITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to PUERTO RICO COMMUNITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PUERTO RICO COMMUNITY FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PUERTO RICO COMMUNITY FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PUERTO RICO COMMUNITY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PUERTO RICO COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names NOELIA MARIN.
- Who are the officers and directors of PUERTO RICO COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 3 received compensation from the organization, the highest $229,905 (NELSON COLON TARRATS, PRESIDENT & CEO).
- How much revenue does PUERTO RICO COMMUNITY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $9,361,757, expenses of $6,338,476 and total assets of $48,526,352 at year end.
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All nonprofits in SAN JUAN · Puerto Rico · Philanthropy, voluntarism and grantmaking foundations