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Nonprofit · EIN 81-1143995

FRIENDS OF PUERTO RICO

Tax-exempt · AGUADILLA, PR 00605

Financials

$755K$634K2023$1.6M$868K2024
Revenue Expenses · by fiscal year end
Financials of FRIENDS OF PUERTO RICO by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,567,502$867,881$699,621$1,470,779$676,346$794,433
December 31, 2023990$754,869$634,215$120,654$680,333$538,872$141,461
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,563,899
Program service revenue
$0
Investment income
$3,603
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$178,689
Other salaries and wages
$219,966
Salaries, compensation and benefits (total)
$398,655
Professional fundraising fees
$0
Occupancy
$45,053
Travel
$58,183
Depreciation
$13,358
Program services (functional)
$449,163
Management and general (functional)
$403,008
Fundraising (functional)
$15,710

Balance sheet and other

Total assets, start of year
$680,333
Total assets, end of year
$1,470,779
Total liabilities, end of year
$676,346
Net assets, end of year
$794,433
Land, buildings and equipment
$337,094
Net assets without donor restrictions
$189,409
Net assets with donor restrictions
$605,024
Gross receipts
$1,567,502
Employees
13
Volunteers
0
Year formed
2016
State of legal domicile
DC

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.

NameTitleHours / weekCompensation
ANGELIQUE SINAPRESIDENT
Officer
40$178,689
INGRID ARVELODIRECTOR
Trustee or director
2$0
JUAN GARCIATREASURER
Trustee or director
5$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
INGRID ARVELODIRECTOR
Trustee or director
2$0
JUAN GARCIATREASURER
Trustee or director
5$0
ANGELIQUE SINAPRESIDENT
Officer
40$0

Address and contacts

Address (IRS master file)
PO BOX 1437, AGUADILLA, PR 00605-1437
In care of
% ANGELIQUE SINA
Principal officer (990 for 2024)
ANGELIQUE SINA, Carretera 442 km 4 2 iNT, Bo Higuey, Aguadilla, PR 00603, RQ
Signed the 990
Angelique Sina, President
Phone
(888) 778-7284
Return prepared by
Cloud Accounting Services Inc

Mission

Friends of Puerto Rico is a non-profit 501C3 that supports the economic development of the people of Puerto Rico through entrepreneurial initiatives education and creating opportunities for women and girls. Since 2015 we have mobilized a passionate community of over 30,000

990 for the year ended December 31, 2024

Program accomplishments

  • WE WORK WITH AT RISK YOUTH TO CREATE OPPORTUNITY AND DEVELOP THE NEXT GENERATION OF LEADERS AND ENTREPRENEURS IN PUERTO RICO.Friends of Puerto Rico is a non-profit 501C3 that supports the economic development of the people of Puerto Rico through entrepreneurial initiatives education and creating opportunities for women and girls. Since 2015 we have mobilized a passionate community of over 30,000 global entrepreneurs donors and partner organizations focused on driving economic success and innovation to cultivate the next generation of leaders. Through a combination of training education and mentorship initiatives that utilize the beautiful culture art and people of Puerto Rico our goal is to end financial hardship and provide economic opportunities and self-sufficiency for people on the island in Washington DC and around the United States.
    Expenses $449,163

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
81-1143995
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2016
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,470,779
Income (IRS master file)
$1,567,502

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,567,502$867,881$1,470,779IRS
990December 2023$754,869$634,215$680,333XML
990December 2022$479,593$820,154$625,763IRS
990December 2021–––IRS
990December 2020–––IRS
990-EZDecember 2020–––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 81-1143995).

Questions about FRIENDS OF PUERTO RICO

What is the EIN of FRIENDS OF PUERTO RICO?
The employer identification number (EIN) of FRIENDS OF PUERTO RICO is 81-1143995.
Is FRIENDS OF PUERTO RICO tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
Are donations to FRIENDS OF PUERTO RICO tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FRIENDS OF PUERTO RICO 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 FRIENDS OF PUERTO RICO 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 FRIENDS OF PUERTO RICO 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 FRIENDS OF PUERTO RICO?
The 990 for the year ended December 31, 2024 names ANGELIQUE SINA.
Who are the officers and directors of FRIENDS OF PUERTO RICO?
The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $178,689 (ANGELIQUE SINA, PRESIDENT).
How much revenue does FRIENDS OF PUERTO RICO have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,567,502, expenses of $867,881 and total assets of $1,470,779 at year end.

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