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Nonprofit · EIN 66-0737189

IFD INC

Also known as INSTITUTO DE FORMACION DEMOCRATICA

Tax-exempt · GUAYNABO, PR 00966

Financials

$808K$859K2023$1.5M$1.2M2024
Revenue Expenses · by fiscal year end
Financials of IFD INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
March 31, 2025990$1,529,737$1,211,648$318,089$522,220$223,914$298,306
March 31, 2024990$807,988$858,784-$50,796$326,280$338,754-$12,474
Financial details: 990 for the year ended March 31, 2025

Revenue

Contributions, gifts and grants
$1,423,202
of which government grants
$1,065,547
Program service revenue
$106,535
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$79,703
Salaries, compensation and benefits (total)
$629,940
Professional fundraising fees
$0
Accounting fees
$17,737
Travel
$3,234
Program services (functional)
$1,187,007
Management and general (functional)
$24,641

Balance sheet and other

Total assets, start of year
$326,280
Total assets, end of year
$522,220
Total liabilities, end of year
$223,914
Net assets, end of year
$298,306
Land, buildings and equipment
$1,800
Net assets without donor restrictions
$298,306
Gross receipts
$1,529,737
Employees
7
Volunteers
0
Year formed
2009
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 March 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
RAMON BARQUINEXECUTIVE DIRECTOR
Officer
24$56,078
ALEXANDRA FERNANDEZSECRETARY
Officer
2$12,500
OSCAR CURURULLOTREASURER
Officer
1$0
990 for the year ended March 31, 2024: 3 people
NameTitleHours / weekCompensation
RAMON BARQUINEXECUTIVE DIRECTOR
Officer
24$54,000
ALEXANDRA FERNANDEZSECRETARY
Officer
2$12,500
OSCAR CURURULLOTREASURER
Officer
1$0

Address and contacts

Address (IRS master file)
M 31 CALLE HILL DR RD URB TORRIMAR, GUAYNABO, PR 00966-0000
In care of
% OSCAR CUCURULLO
Mailing address (990-N for 2022)
GPO Box 363063, San Juan PR 00936
Principal officer (990 for 2024)
RAMON BARQUIN, PO BOX 363063, PO BOX 363063, SAN JUAN, PR 00936
Principal officer (990-N for 2022)
Ramon Barquin, M31 Hill Drive Road, Guaynabo PR 00966
Signed the 990
RAMON BARQUIN, PRESIDENT
Phone
(787) 420-7717
Return prepared by
Rodriguez Santiago CPA's PSC

Mission

- Promote the development of the Non-Profit Sector of Puerto Rico and the United States Virgin Islands by identifying their individual needs and addressing them through innovative initiatives that increase their resilience and economic competitiveness. - Civic education with the longest and oldest mock elections in the jurisdiction.

990 for the year ended March 31, 2025

Program accomplishments

  • -Promote the development of the Non-Profit Sector of Puerto Rico and the United States Virgin Islands by identifying their individual needs and addressing them through innovative initiatives that increase their resilience and economic competitiveness. - Civic education with the longest and oldest mock elections in the jurisdiction.
    Expenses $1,187,007 · grants $1,065,547 · revenue $1,529,737

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 March, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025March 31, 2026August 17, 2026Not on file
2024March 31, 2025August 15, 2025990 on file
2023March 31, 2024August 15, 2024990 on file

IRS record

EIN
66-0737189
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
2011
Accounting year ends
March
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B99)
Assets (IRS master file)
$522,220
Income (IRS master file)
$1,529,737

Filing history

FormYear endedRevenueExpensesAssetsReturn
990March 2025$1,529,737$1,211,648$522,220XML
990March 2024$807,988$858,784$326,280XML
990-N for 2022
Officer: Ramon Barquin
March 31, 2023≤ $50,000 receipts––e-Postcard
990-N for 2020
Officer: Ramon Barquin
March 31, 2021≤ $50,000 receipts––e-Postcard
990-N for 2019
Officer: Ramon Barquin
March 31, 2020≤ $50,000 receipts––e-Postcard

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 66-0737189).

Questions about IFD INC

What is the EIN of IFD INC?
The employer identification number (EIN) of IFD INC is 66-0737189.
Is IFD INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
Are donations to IFD INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does IFD 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 IFD INC due?
The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did IFD INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended March 2025.
Who is the principal officer of IFD INC?
The 990 for the year ended March 31, 2025 names RAMON BARQUIN.
Who are the officers and directors of IFD INC?
The 990 for the year ended March 31, 2025 lists 3 people; 2 received compensation from the organization, the highest $56,078 (RAMON BARQUIN, EXECUTIVE DIRECTOR).
How much revenue does IFD INC have?
On its 990 for the year ended March 31, 2025 it reported revenue of $1,529,737, expenses of $1,211,648 and total assets of $522,220 at year end.

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