Centros Sor Isolina Ferre Inc
- Assets
- $22.3m
- Revenue
- $16.8m
- Investments
- $0.0
- Employees
- 469
- Location
- Ponce, PR
- Founding
- 08/1988
- Data as of
- 06/2022
- EIN
- 66-0277396
Organization Overview
Centros Sor Isolina Ferre Inc is located in Ponce, PR. The organization was established in 1988. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Centros Sor Isolina Ferre Inc employed 469 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centros Sor Isolina Ferre 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 06/2022, Centros Sor Isolina Ferre Inc generated $16.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $16.6m during the year ending 06/2022. While expenses have increased by 2.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CENTROS SOR ISOLINA FERRE IS A NON-PROFIT ORGANIZATION THAT PROMOTES FULL DEVELOPMENT OF THE HUMAN BEING WITH JUSTICE, DIGNITY, RESPECT, AND LOVE. THE INSTITUTION USES EFFECTIVE MODELS OF INTERCESSION, CAPACITATION, TECHNOLOGY, AND SELF-MANAGEMENT TO HAVE A POSITIVE IMPACT IN THE LIVES OF OVER 62,930 PEOPLE THROUGH PREVENTIVE AND CORRECTIVE PROGRAMS, AS WELL AS PERSONAL AND COMMUNITY DEVELOPMENT INITIATIVES. IT OFFERS SOLUTIONS FOR PROBLEMS SUCH AS SCHOOL DROPOUT, VIOLENCE, UNEMPLOYMENT, AND ECONOMIC CRISIS. PROGRAM SERVICES ARE AVAILABLE IN 19 MUNICIPALITIES, INCLUDING PONCE, GUAYAMA, SAN JUAN, AND CANOVANAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY INNOVATION PROGRAMS: THESE PROGRAMS PROVIDE ASSISTANCE TO YOUNG PEOPLE FACING THE FOLLOWING SITUATIONS: DELINQUENCY, SCHOOL DROPOUT, UNPLANNED PREGNANCY, SUBSTANCE ABUSE AND VIOLENCE. THE ASSISTANCE IS PROVIDED IN THE FORM OF ORIENTATIONS AND COUNSELING. THE CENTERS HAS VARIOUS PROGRAMS UNDER THIS CATEGORY. SOME OF THE PROGRAMS ARE: PUBLIC AND INDIAN HOUSING (FARO DE ESPERANZA), CRIME VICTIM ASSISTANCE , AND TITLE V STATE SEXUAL RISK AVOIDANCE EDUCATION. THEY ALSO PROVIDE THESE PROGRAMS PROVIDE ASSISTANCE TO THE COMMUNITY IN THE FOLLOWING AREAS: FAMILY STRENGHTENING, COMMUNITY SELF DEVELOPMENT, AND LEADERSHIP DEVELOPMENT.
EDUCATION PROGRAMS: THESE PROGRAMS PROVIDE ASSISTANCE TO YOUNG PEOPLE IN THE FOLLOWING EDUCATIONAL AREAS: ALTERNATIVE EDUCATION, EARLY EDUCATION, VOCATIONAL EDUCATION, POST-SECUNDARY EDUCATION, AND SPECIAL EDUCATION. THE CENTERS HAS VARIOUS PROGRAMS UNDER THIS CATEGORY. SOME OF THE PROGRAMS ARE: TRINITY COLLEGE OF PUERTO RICO, PHYCOSOCIAL ALTERNATIVE ACADEMIC CENTER PROGRAM, AND ABC ALTERNATIVE PROGRAM.
HUMAN DEVELOPMENT PROGRAMS: THESE PROGRAMS PROVIDE ASSISTANCE TO THE COMMUNITY IN THE FOLLOWING AREAS: SELF SUFICIENCY, EMERGENCY ASSISTANCE, ELDERLY, CHILD CARE, AND SELF DEVELOPMENT. THE COMPANY HAS VARIOUS PROGRAMS UNDER THIS CATEGORY. SOME OF THE PROGRAMS ARE: TEMPORARY ASSISTANCE FOR NEEDY FAMILIES, OASIS OF LOVE PROGRAM AND CHILD CARE DEVELOPMENT PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luis Ortiz Ortiz Chief Executive Director | OfficerTrustee | 37.5 | $124,677 |
Maria L Lopez Maldonado Education Director | Officer | 37.5 | $78,850 |
Wilfredo Torres Director Internal Auditing And Compliance | Officer | 37.5 | $75,931 |
Elizabeth Morales Ochoa Comptroller | Officer | 37.5 | $72,430 |
Camelia Perez Roman Human Resources Director | Officer | 37.5 | $64,227 |
Celia Gandia Lighthouse Of Hopes Director | Officer | 37.5 | $54,223 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Master Industrial Cleaning Maintenance | 6/29/22 | $578,512 |
Allied Universal Security Services Security | 6/29/22 | $169,163 |
Inmobiliaria Df Llc Rent | 6/29/22 | $228,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $133,945 |
| Membership dues | $0 |
| Fundraising events | $217,151 |
| Related organizations | $0 |
| Government grants | $10,303,907 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,610,359 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,265,362 |
| Total Program Service Revenue | $45,070 |
| Investment income | $21,320 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,925 |
| 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 | $16,849,878 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $95,543 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $563,617 |
| Compensation of current officers, directors, key employees. | $337,265 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,661,744 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $143,254 |
| Payroll taxes | $932,703 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,014,230 |
| Advertising and promotion | $0 |
| Office expenses | $33,910 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,003,185 |
| Travel | $242,288 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $84,525 |
| Interest | $172,353 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $765,846 |
| Insurance | $188,100 |
| All other expenses | $220,558 |
| Total functional expenses | $16,605,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,582,060 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,842,691 |
| Accounts receivable, net | $113,423 |
| 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 | $0 |
| Net Land, buildings, and equipment | $13,272,483 |
| Investments—publicly traded securities | $1,014,934 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,489,898 |
| Total assets | $22,315,489 |
| Accounts payable and accrued expenses | $1,234,791 |
| Grants payable | $0 |
| Deferred revenue | $918,304 |
| 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 | $2,206,853 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,359,948 |
| Net assets without donor restrictions | $7,220,414 |
| Net assets with donor restrictions | $10,735,127 |
| 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 | $22,315,489 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Centros Sor Isolina Ferre Inc has recieved totaling $694,200.
| Awarding Organization | Amount |
|---|---|
Fondos Unidos De Puerto Rico Inc Santurce, PR PURPOSE: TO COVER PROGRAM SERVICES OF PARTICIPATING AGENCIES | $537,837 |
2022 Act Foundation Inc Dorado, PR PURPOSE: General support | $105,000 |
Organization Name not Listed PURPOSE: TO MITIGATE ENVIRONMENT DAMAGES TO THE PONCE PLAYA COMMUNITIES | | $31,294 |
Wiggins Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $69 |
Endowment Analysis
| Beg. Balance | $3,708,215 |
| Earnings | -$464,154 |
| Net Contributions | $194,244 |
| Ending Balance | $3,438,305 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Servicios Medicos Universitarios Inc Carolina, PR | $58,931,826 | $67,665,050 |
Universidad Del Sagrado Corazon Inc San Juan, PR | $72,736,478 | $47,471,933 |
Integral De Loiza Conciliode Salud Loiza, PR | $61,756,784 | $54,154,090 |
St Lukes Episcopal Church Home Care Program Ponce, PR | $59,935,614 | $46,407,880 |
Carlos Albizu University San Juan, PR | $59,292,567 | $41,107,429 |
Sociedad Espanola De Auxilio Mutuo Y Beneficencia De Puerto Rico San Juan, PR | $207,394,856 | $42,942,928 |
Universidad Politecnica De Puerto Rico Inc San Juan, PR | $109,108,435 | $46,473,727 |
Costa Salud Community Health Centers Inc Rincon, PR | $42,959,420 | $46,677,586 |
Corporacion Para La Promocion De Puerto Rico Como Destino Inc San Juan, PR | $33,922,109 | $48,155,156 |
Cooperativa De Ahorro Y Credito De Arecibo Arecibo, PR | $793,590,464 | $37,267,661 |
Hospital Comunitario Buen Samaritano Inc Aguadilla, PR | $31,760,434 | $38,349,511 |
Centro De Servicios Primarios De Patillas, PR | $20,090,214 | $32,883,712 |