Fondos Unidos De Puerto Rico Inc
- Assets
- $17.6m
- Revenue
- $25.5m
- Investments
- $4.4m
- Employees
- 50
- Location
- Santurce, PR
- Founding
- 12/1971
- Data as of
- 12/2021
- EIN
- 66-0269222
Organization Overview
Fondos Unidos De Puerto Rico Inc is located in Santurce, PR. The organization was established in 1971. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Fondos Unidos DE Puerto Rico Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fondos Unidos DE Puerto Rico Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Fondos Unidos DE Puerto Rico Inc generated $25.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $26.9m during the year ending 12/2021. While expenses have increased by 16.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Fondos Unidos DE Puerto Rico Inc has awarded 503 individual grants totaling $23,727,891. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RAISE FUNDS IN ANNUAL CAMPAIGN TO COVER PROGRAM SERVICES OF ITS PARTICIPATING AGENCIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS DISTRIBUTONS AND ALLOCATION SERVICES - PAYMENT TO PARTICIPATING AGENCIES. GRANTS CONSIST OF ALLOCATION OF FUNDS COLLECTED THROGH THE ANNUAL CAMPAIGN IN PUBLIC AND PRIVATE SECTOR TO MORE THEN ONE THOUSAND WELFARE AND HEALTH AGENCIES OF WHICH 114 ARE AFFILIATED TO THE AGENCY WHICH BENEFIT MORE THAN 800K PEOPLE IN PUERTO RICO.
INFORMATION AND REFERRAL - 211 PHONE NUMBER CONNECT CALLERS TO INFORMATION ABOUT CRITICAL HEALTH AND HUMAN SERVICES AVAILABLE IN PUERTO RICO. THIS SERVICE PROVIDES CALLERS WITH INFORMATION AND REFERRAL TO HUMAN SERVICES FOR EVERYDAY NEEDS AND IN TIME OF CRISIS. 211 CAN OFFER ACCES TO BASIC HUMAN NEED RESOURCES PHYSICAL AND MENTAL HEALTH RESOURCE AND ANY OTHER SERVICE.
VOLUNTEERS CENTER - MATCH YOU WITH VOLUNTEER OPPORTUNITES THAT FIT THE INTEREST SKILLS AVAILABILITY AND LOCATION WITH THE NEEDS OF THE NON-PROFIT ORGANIZATION. ALSO PROMOTE THE VOLUNTEER HELP AMONG THE CORPORATIONS THAT SUPPORT THE ANNUAL FUNDRAISING CAMPAIGN AND HAS A PROGRAM CALLED "CLUB ME IMPORTAS TÚ"THAT DEVELOPS LEADERSHIP SKILLS FOR HIGH SCHOOL AND UNIVERSITY SUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi Cortes Finance Vicepresident | Officer | 40 | $0 |
Carlos Gomez Campaign Director | Officer | 40 | $0 |
Juan Gonzalez Community Initiative Director | Officer | 40 | $0 |
Jaime Bahamundi Director Of Communications | Officer | 40 | $0 |
Nina Giron Human Resources Director | Officer | 40 | $0 |
Juan Mario Alvarez Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Interamerican University Of Puerto Interventions And Psychological Services | 12/30/21 | $378,988 |
Universidad Carlos Albizu Support Service | 12/30/21 | $125,114 |
Consumer Credit Counseling Service Credit Investigation | 12/30/21 | $115,227 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,855,070 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,927,187 |
| Noncash contributions included in lines 1a–1f | $11,731 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,782,257 |
| Total Program Service Revenue | $0 |
| Investment income | $102,207 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,457,284 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,113,881 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $508,452 |
| Compensation of current officers, directors, key employees. | $376,249 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,073,241 |
| Pension plan accruals and contributions | $21,664 |
| Other employee benefits | $115,008 |
| Payroll taxes | $141,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,567,708 |
| Advertising and promotion | $2,345,764 |
| Office expenses | $686,232 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,952 |
| Travel | $78,888 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,521 |
| Interest | $0 |
| Payments to affiliates | $102,986 |
| Depreciation, depletion, and amortization | $91,262 |
| Insurance | $0 |
| All other expenses | $27,183 |
| Total functional expenses | $26,926,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,871,308 |
| Pledges and grants receivable | $2,359,122 |
| Accounts receivable, net | $276,716 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $27,795 |
| Net Land, buildings, and equipment | $640,448 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,396,628 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,572,017 |
| Accounts payable and accrued expenses | $437,064 |
| Grants payable | $728,040 |
| Deferred revenue | $9,299 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,174,403 |
| Net assets without donor restrictions | $14,059,546 |
| Net assets with donor restrictions | $2,338,068 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,572,017 |
Grants Awarded
Over the last fiscal year, Fondos Unidos De Puerto Rico Inc has awarded $6,078,608 in support to 126 organizations.
| Grant Recipient | Amount |
|---|---|
Ponce, PR PURPOSE: TO COVER PROGRAM SERVICES OF PARTICIPATING AGENCIES | $537,837 |
Humacao, PR PURPOSE: TO COVER PROGRAM SERVICES OF PARTICIPATING AGENCIES | $415,570 |
San Juan, PR PURPOSE: TO COVER PROGRAM SERVICES OF PARTICIPATING AGENCIES | $300,017 |
Yauco, PR PURPOSE: TO COVER PROGRAM SERVICES OF PARTICIPATING AGENCIES | $160,954 |
San Juan, PR PURPOSE: TO COVER PROGRAM SERVICES OF PARTICIPATING AGENCIES | $138,171 |
AMERICAN NATIONAL RED CROSS - PR CHAPTER PURPOSE: TO COVER PROGRAM SERVICES OF PARTICIPATING AGENCIES | $128,759 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Fondos Unidos De Puerto Rico Inc has recieved totaling $1,068,733.
| Awarding Organization | Amount |
|---|---|
Give Back Foundation Madison, WI PURPOSE: PROGRAM SUPPORT | $320,723 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $201,487 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $201,487 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $184,342 |
2022 Act Foundation Inc Dorado, PR PURPOSE: Domestic abuse & shelter | $100,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $14,301 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Med Centro Inc Mercedita, PR | $93,853,999 | $116,715,570 |
Hospital Menonita Caguas Inc Cidra, PR | $169,418,501 | $113,843,157 |
Salud Integral En La Montana Inc Naranjito, PR | $119,086,273 | $106,337,219 |
Migrant Health Center Mayaguez, PR | $87,969,112 | $107,297,310 |
Hospital De La Concepcion Inc San German, PR | $118,926,388 | $92,905,006 |
Hospital Damas Inc Ponce, PR | $56,244,610 | $73,414,103 |
Presbyterian Community Hospital Inc San Juan, PR | $49,406,530 | $70,919,559 |
Pontifical Catholic University Of Puerto Rico Ponce, PR | $161,066,580 | $97,269,712 |
Cossma Inc Cidra, PR | $107,333,150 | $66,362,775 |
Neomed Center Inc Gurabo, PR | $65,808,264 | $60,486,712 |
Hospital Menonita Guayama Inc Cidra, PR | $149,499,387 | $86,573,108 |
Hpm Foundation Inc San Juan, PR | $29,670,863 | $56,807,836 |