Puerto Rico Conservation Trust
- Assets
- $677.3m
- Revenue
- $25.4m
- Investments
- $0.0
- Employees
- 0
- Location
- San Juan, PR
- Founding
- 12/1969
- Data as of
- 12/2021
- EIN
- 66-0288581
Organization Overview
Puerto Rico Conservation Trust is located in San Juan, PR. The organization was established in 1969. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Puerto Rico Conservation Trust 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, Puerto Rico Conservation Trust generated $25.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $12.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Puerto Rico Conservation Trust has awarded 33 individual grants totaling $1,706,466. 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
TO PROTECT AND ENHANCE THE NATURAL RESOURCES OF PUERTO RICO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROTECT AND ENHANCE THE NATURAL RESOURCES OF PUERTO RICO AND TO PERFORM THE FUNCTIONS OF THE UNITED STATES AND PUERTO RICO IN THE AREA OF CONSERVATION. TO DEVELOP PROGRAMS AIMED AT EDUCATING THE PUBLIC ABOUT ENVIRONMENTAL ISSUES AND THE NEED TO PROTECT AND CONSERVE NATURAL RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lic Fernando Lloveras Executive Director | Officer | 5 | $0 |
Joaquin B Viso Trustee | Trustee | 5 | $0 |
Juan Carlos Benitez Trustee | Trustee | 5 | $0 |
Blas B Fonalledas Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,617 |
| Related organizations | $0 |
| Government grants | $128,083 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,821,727 |
| Noncash contributions included in lines 1a–1f | $1,834,960 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,955,427 |
| Total Program Service Revenue | $0 |
| Investment income | $7,851,962 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$507,361 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,372,980 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $330,959 |
| Grants and other assistance to domestic individuals. | $7,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $544,599 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $50,200 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,831,962 |
| Insurance | $51,380 |
| All other expenses | $0 |
| Total functional expenses | $12,346,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,742,781 |
| Savings and temporary cash investments | $23,413,772 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,120 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,145,144 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $140,590,088 |
| Investments—publicly traded securities | $489,064,726 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,320,000 |
| Other assets | $5,991,659 |
| Total assets | $677,308,290 |
| Accounts payable and accrued expenses | $9,700,708 |
| Grants payable | $0 |
| Deferred revenue | $255,821 |
| 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 | $218,158,919 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $228,115,448 |
| Net assets without donor restrictions | $135,193,609 |
| Net assets with donor restrictions | $313,999,233 |
| 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 | $677,308,290 |
Grants Awarded
Over the last fiscal year, Puerto Rico Conservation Trust has awarded $325,163 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Carolina, PR PURPOSE: PROVIDE DAILY MEALS AND GROCERIES TO THE CHILDREN AND FAMILIES IN THE ISLAND OF VIEQUES | $74,059 |
FIDEICOMISO DE LA TIERRA DEL CANO MARTIN PENA- OPEN SOCIETY PURPOSE: CREATE OPPORT. FOR THE YOUTH OF CANO MARTIN PENA AND RAINWATER HARVESTING STRATEGIES | $70,691 |
New York, NY PURPOSE: SUPPORT THE YOUTH LEADERSHIP DEVELOPMENT AND VIOLENCE PREVENTION PROGRAM | $55,503 |
San Juan, PR PURPOSE: PURCHASE FOOD FOR DISTRIBUTION TO NONPROFITS TO HELP THE COMMUNITY OF CULEBRA | $43,750 |
Manati, PR PURPOSE: FUND THE FOOD BOX PROGRAM AND RENOVATIONS TO TIERRA BUENAS COMMUNITY KITCHEN | $40,000 |
GRUPO DE LAS OCHO COMUNIDADES DEL CANO MARTIN PENA- CTR OF POPULAR DEMOCRAC Org PageRecipient ProfileBrooklyn, NY PURPOSE: HURRICANE MARIA COMMUNITY RELIEF, RECOVERY, AND EQUITABLE REBUILDING IN PUERTO RICO. | $35,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Puerto Rico Conservation Trust has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
Wiggins Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $2,500 |
Endowment Analysis
| Beg. Balance | $235,898,422 |
| Net Contributions | $15,644,265 |
| Ending Balance | $251,542,687 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Puerto Rico Conservation Trust San Juan, PR | $677,308,290 | $25,372,980 |
Corporation For The Conservation Of The San Juan Bay Estuary San Juan, PR | $552,082 | $1,749,431 |
The Vieques Conservation And Historical Trust Inc Vieques, PR | $719,548 | $587,824 |
Plenitud Iniciativas Ecoeducativas Las Marias, PR | $360,313 | $532,917 |
Scuba Dogs Society Inc San Juan, PR | $71,178 | $285,561 |
Mesa Multisectorial Del Bosque Modelo De Pr Inc Arecibo, PR | $17,853 | $0 |
Escambron Conservancy Inc San Juan, PR | $48,219 | $0 |
Caribbean Regenerative Community Development Sabana Grande, PR | $0 | $0 |