NonprofitsFoundation For Puerto Rico Inc

Community Improvement & Capacity Building

Foundation For Puerto Rico Inc

SAN JUAN, PR

Total revenue

$4.5M

Total expenses

$4.5M

Net assets

$3.5M

Grants received

$5.2M

61 grants

EIN

660776227

Tax year

2024

Mission

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.

Programs

3 programs

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: $770K

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: $66K

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.

Financials

FY 2024

Revenue

Contributions & grants$4.4M
Program service revenue
Investment income$81K
Other revenue$27K
Total revenue$4.5M

Expenses

Grants paid$95K
Salaries & benefits$2.9M
Fundraising$353K
Other expenses$1.5M
Total expenses$4.5M
Total assets$6.2M
Net assets$3.5M

People

14 listed

NameRoleCompensation

DAMARIS OCASIO NIEVES

CFO

Board

$160K

40 hrs/wk

ALEXANDER BORSCHOW

DIRECTOR

Board

JONATHAN BORSCHOW

CHAIRMAN

Board

RONALD CASTRO

DIRECTOR

Board

GRACIELA ELETA

VICE-CHAIRWO

Board

JESUS LOPEZ

DIRECTOR

Board

RAMON MELLADO

CHAIR GOVERN

Board

CARLOS L RODRIGUEZ RAMOS

DIRECTOR

Board

JUAN A RAMOS

DIRECTOR

Board

INGRID RIVERA

SECRETARY

Board

ZULMARIE URRUTIA

TREASURER

Board

SOLEDAD GAZTAMBIDE ARANDES

CHIEF OFFICE

Staff

$127K

40 hrs/wk

CESAR A SANTOS CARDONA

HR DIRECTOR

Staff

$105K

40 hrs/wk

ALMA M FRONTERA COLON

VP OPERATION

Staff

$104K

40 hrs/wk

Independent contractors

RE PLUS COLLECTIVE INC

$416K

3 SIDED CUBE INC

$205K

KEVANE GRANT THORNTON LLP

$175K

Grants received

Showing 61 of 61

FromAmountPurposeYear
$8K
MATCHING GIFT
2024
$3K
Program Support
2023
$1K
UNRESTRICTED DONATION
2023
$58
MATCHING GIFTS
2023
$265K
COMMUNITY LEADERSHIP ACADEMY
2022
$40K
EQUITABLE NEIGHBORHOOD DEVELOPMENT
2022
$40K
FURTHER CHARITABLE GOALS
2022
$24K
HELPING FARMERS THRIVE
2022
$19K
GENERAL OPERATING
2022
$12K
For grant recipient's exempt purposes
2022
$7K
PUBLIC, SOCIETAL BENEFIT
2022
$5K
Program Support
2022
$1K
UNRESTRICTED DONATION
2022
$1.7M
ABBVIE PR ENERGY PROJECTS
2021
$19K
GENERAL OPERATING
2021
$50
EXEMPT PURPOSE
2021
$255K
BOTTOM UP CAMUY-ARECIBO RECOVERY
2020
$48K
CAPACITY BUILDING
2020
$44K
Support for greater coordination among existing programs at five Puerto Rico-based entrepreneurial support organizations. 201905-6519
2020
$12K
HELPING FARMERS THRIVE (VISIT RICO)
2020
$8K
SUPPORT OF THE BOTTOM UP PROGRAM & SM. BUS. CASH GRANT PROGRAM - DDRF CARIBBEAN
2020
$5K
EMERGENCY RESPONSE
2020
$603K
ABBVIE PR ENERGY PROJECTS
2019
$70K
Disaster Relief
2019
$32K
PUBLIC, SOCIETAL BENEFIT
2019
$14K
For grant recipient's exempt purposes
2019
$10K
GENERAL SUPPORT
2019
$7K
CAPACITY BUILDING
2019
$139K
FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS
2018
$40K
Assistance to Hurricane Victims
2018
$30K
Assistance to Hurricane Victims
2018
$25K
DONATION FOR THE FOUNDATION FOR PUERTO RICO - TO ASSIST THE FOUNDATION IN THEIR EFFORTS TO REPAIR AND REBUILD THE TERRITORY AND ITS SYSTEMS
2018
$20K
REBUILD MATH CLASSROOMS
2018
$6K
For grant recipient's exempt purposes
2018
$5K
GENERAL PURPOSES
2018
$5K
GENERAL SUPPORT
2018
$150
PROGRAM/OPERATING SUPPORT
2018
$270K
HURRICANE MARIA RELIEF AND RECOVERY SUPPORT
2017
$209K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017
$125K
HUMAN SERVICES
2017
$80K
ECONOMIC AND COMMUNITY DEVELOPMENT-HUMANITARIAN
2017
$75K
Hurricane Harvey, Irma
2017
$66K
Disaster Relief
2017
$35K
General Support
2017
$23K
HUMANITARIAN AID
2017
$16K
HURRICANE RELIEF
2017
$15K
CULTURE & ARTS
2017
$13K
General support to carry out the mission of the organization
2017
$8K
PUERTO RICO REAL-TIME RECOVERY FUND
2017

Funded by

$5.2M from 45 funders · 61 grants · 2017–2024

Direct Relief

$2.6M · 3 grants · 2017–2021

Juntos y Unidos por Puerto Rico Inc

$530K · 1 grant · 2017

Peter Alfond Foundation

$520K · 2 grants · 2020–2022

Fidelity Investments Charitable Gift Fund

$241K · 4 grants · 2017–2022

The Jewish Federations Of North America Inc

$165K · 2 grants · 2017–2018

Globalgiving Foundation Inc

$139K · 1 grant · 2018

Boston Foundation Inc

$136K · 2 grants · 2017–2019

The James Family Charitable Trust

$125K · 1 grant · 2017

Details

EIN660776227
NTEE codeS20
Subsection03
Ruling date2013-12
Formed2011
Employees60
Volunteers1
FOUNDATION FOR PUERTO RICO INC — Mission, Financials & Grants Received | Grantivo