Centro Margarita Inc
- Assets
- $4.6m
- Revenue
- $1.8m
- Investments
- $291.6k
- Employees
- 60
- Location
- Cidra, PR
- Founding
- 10/2000
- Data as of
- 06/2022
- EIN
- 66-0366245
Organization Overview
Centro Margarita Inc is located in Cidra, PR. The organization was established in 2000. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2022, Centro Margarita Inc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centro Margarita 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, Centro Margarita Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 4.2% per year over the past 4 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
TO PROVIDE THERAPEUTIC SERVICES TO NEUROLOGICAL HANDICAPPED CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILD CARE GRANT
CHILD CARE GRANT
CHILD CARE GRANT
UNITED FUNDS
UNITED FUNDS
UNITED FUNDS
PACMA FUNDS
PACMA FUNDS
PACMA FUNDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda I Cruz Director | Officer | 40 | $27,900 |
Adrian Diaz President | Officer | 2 | $0 |
Beatriz DE Angel Treasure | Officer | 2 | $0 |
David Jimenez Director | Officer | 2 | $0 |
Vilmari Quijano Secretary | Officer | 2 | $0 |
Omar Ramos Director | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $928,104 |
| Investment income | $0 |
| 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 | $1,770,166 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $918,350 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $162,946 |
| 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 | $228,984 |
| Advertising and promotion | $0 |
| Office expenses | $23,196 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,088 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $93,047 |
| Insurance | $14,061 |
| All other expenses | $0 |
| Total functional expenses | $1,602,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,323,891 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $594,614 |
| Accounts receivable, net | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $291,582 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,062 |
| Total assets | $4,607,616 |
| Accounts payable and accrued expenses | $198,709 |
| Grants payable | $370,245 |
| Deferred revenue | $0 |
| 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 | $568,954 |
| Net assets without donor restrictions | $1,103,618 |
| Net assets with donor restrictions | $2,935,044 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $4,038,662 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Centro De Diagnostico Para Inteligencias Multiples Inc San Juan, PR | $2,692,428 | $2,642,224 |
Centro Margarita Inc Cidra, PR | $4,607,616 | $1,770,166 |
Estancia Corazon Inc Mayaguez, PR | $320,841 | $974,770 |
Programa Del Adolescente De Naranjito Inc Naranjito, PR | $198,231 | $499,460 |
Integro Foundation Inc San Juan, PR | $359,681 | $537,154 |
Oficina Pro Ayuda A Personas Con Impedimento Inc Rio Grande, PR | $805,280 | $290,275 |
Remanso De Esperanza Inc Caguas, PR | $1,071,630 | $140,947 |
Fino Kit Transformation Ministry San Juan, PR | $0 | $0 |