NonprofitsPuerto Rico Manufacturing Extension Primex Inc

Community Improvement & Capacity Building

Puerto Rico Manufacturing Extension Primex Inc

SAN JUAN, PR

Total revenue

$3.6M

Total expenses

$3.6M

Net assets

$3.6M

Grants received

$22K

2 grants

EIN

660522632

Tax year

2023

Mission

Improve the competitive position of Puerto Rico small and medium industries by providing technical support, trainings and cost assistance in new technologies and business practices.

Programs

4 programs

TThe project benefits small and medium companies located in eleven (11) rural municipalities of Puerto Rico with access to PRiMEX's proven industry-tested business methodologies, resources, and tools. The project focuses first on an assessment of the business to identify gaps and areas for improvement related to focus areas with the goal of reducing the gaps and making them more competitive and resilient.

Expenses: $163KGrants: $163K

The Supply Chain program seeks to encourage and help all small businesses to optimize their supply chain with access to an exclusive database to connect with the different suppliers on the island. The program seeks to identify the capabilities and needs of companies that purchase products outside of Puerto Rico, to provide them with a tool to obtain local products and identify where they are located. It also helps to explore a detailed electronic map of manufacturing in Puerto Rico so that small businesses can connect with other entrepreneurs on the island.

Expenses: $221KGrants: $221K

The Fiona Program was established in response to the needs of Puerto Rico's manufacturing companies that were adversely impacted by Hurricane Fiona on September 18, 2022. The Program provides cost-free services to businesses focused on Rapid Disaster Recovery Planning, in conjunction with other technical services. The goal is to serve 80 manufacturing companies with 99 or fewer employees around the island, especially in the Southwest Region most impacted by the hurricane.

Expenses: $247KGrants: $247K

This is a subaward of IOWA State University for 15k to Create job postings, attend a career fair/recruiting event, post jobs on college job boards, host info sessions, open interviews, etc. to recruit for interns and submit statement notifying CIRAS deliverable has been completed. Hire at least two students, Undergraduate students in Engineering, Business, and other manufacturing-related fields Students must identify as women, persons with disabilities, or one of three racial and ethnic groups (Black, Hispanic, or American Indian or Alaska Native) which are considered underrepresented in Science & Engineering.

Expenses: $4KGrants: $4K

Financials

FY 2023

Revenue

Contributions & grants$3.6M
Program service revenue
Investment income
Other revenue
Total revenue$3.6M

Expenses

Grants paid
Salaries & benefits$526K
Fundraising
Other expenses$3.1M
Total expenses$3.6M
Total assets$4.0M
Net assets$3.6M

People

11 listed

NameRoleCompensation

Ramon Vega

Executive Director

Board

$105K

40 hrs/wk

Felipe Hernandez

Chair BOD

Board

2 hrs/wk

Jose Felix Ballester

Director

Board

2 hrs/wk

Alejandro Saldana

Director

Board

2 hrs/wk

Rafael Diaz

Director

Board

2 hrs/wk

Luis Cintron

Director

Board

2 hrs/wk

Salvador Ribot

Director

Board

2 hrs/wk

Saray Lopez

Director

Board

2 hrs/wk

Idalia M Garcia de JEsus

Director

Board

2 hrs/wk

Wanda Otero

Director

Board

2 hrs/wk

Luis Morales

Director

Board

2 hrs/wk

Independent contractors

Fernando L Cardin Arroyo

Professional services

$115K

Grants received

Showing 2 of 2

FromAmountPurposeYear
$10K
DEVELOPMENT
2022
$12K
TO SUPPORT AMERICAN WORKFORCE AND EDUCATION
2020

Funded by

$22K from 2 funders · 2 grants · 2020–2022

Jobs For The Future Inc

$12K · 1 grant · 2020

Missouri Incutech Foundation

$10K · 1 grant · 2022

Details

EIN660522632
NTEE codeS43
Subsection03
Ruling date1996-12
Formed1995
Employees12
Volunteers0
PUERTO RICO MANUFACTURING EXTENSION PRIMEX INC — Mission, Financials & Grants Received | Grantivo