Puerto Rico Community Foundation Inc

Organization Overview

Puerto Rico Community Foundation Inc is located in San Juan, PR. The organization was established in 1985. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Puerto Rico Community Foundation Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Puerto Rico Community Foundation 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 12/2022, Puerto Rico Community Foundation Inc generated $6.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $5.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Puerto Rico Community Foundation Inc has awarded 531 individual grants totaling $15,628,736. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO DEVELOP THE CAPACITIES OF THE COMMUNITIES IN PUERTO RICO TO ACHIEVE THEIR SOCIAL AND ECONOMIC TRANSFORMATION, STIMULATING PHILANTHROPIC INVESTMENT AND MAXIMIZING THE YIELD OF EACH CONTRIBUTION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATIONAL PROGRAMS THE DEVELOPMENT OF SCHOOL COMMUNITIES IS AN ESSENTIAL PART OF THE FOUNDATION'S MISSION. THE FOUNDATION BELIEVES THAT EDUCATION IS THE CORNERSTONE FOR PERSONAL AND SOCIAL DEVELOPMENT. THE FOUNDATION PERCEIVES EDUCATION AS A SOCIAL ACTION OF INTERDEPENDENCE AND COLLECTIVE RESPONSIBILITY. THE ACCOMPLISHMENT OF SIGNIFICANT ACHIEVEMENTS AND THE INCREASE OF STUDENT ACADEMIC PERFORMANCE WILL BE THE RESULT OF THE CONTINUOUS COLLABORATION BETWEEN THE PUBLIC, PRIVATE AND NON PROFIT SECTORS. THIS IS THE CLIMATE OF COLLABORATION AMONG DIFFERENT SECTORS PROMOTED BY THE FOUNDATION TO FACILITATE LONG TERM AND ONGOING SUPPORT OF SCHOOL IMPROVEMENT AT THE ELEMENTARY, MIDDLE AND HIGH SCHOOL LEVEL


PUERTO RICO RECOVERY FUND IN THE AFTERMATH OF HURRICANES IRMA AND MARÍA THE FOUNDATION REACTIVATED ITS PUERTO RICO COMMUNITY RECOVERY FUND, ONCE USED TO ADDRESS HURRICANE HUGO AND THE EMERGENCY OF 911 IN NEW YORK. THE FUND BECAME A RELIABLE SOURCE FOR DONORS TO FACILITATE THERE GIVING TO PUERTO RICO AND TO PROVIDE IMMEDIATE RELIEF AND RECOVERY GRANTS TO NON-PROFIT ORGANIZATIONS. AFTER THE IMMEDIATE RELIEF THE FUND CONTINUE THE ECONOMIC SUPPORT GRANTS AND TECHNICAL ASSISTANCE TO PROMOTE RESILIENT, EQUITABLE AND SUSTAINABLE ACCESS AND DEVELOPMENT IN FOUR STRATEGIC MILESTONES RENEWABLE ENERGY, DRINKING WATER BY COMMUNITY AQUEDUCTS, AFFORDABLE HOUSING, EDUCATION, ECONOMIC ACTIVITY AT A COMMUNITY BASED LEVEL.


ECONOMIC DEVELOPMENT FUND EMPOWER ECONOMIC ACTIVITY STEMMING FROM THE COMMUNITY BASE THROUGH THE SUPPORT OF COMMUNITY BASED ORGANIZATIONS THAT STIMULATE INCUBATION AND ACCELERATION OF MICRO-ENTERPRISES THROUGH GRANTS, CAPACITY BUILDING, AND TECHNICAL ASSISTANCE. PROVIDE ACCESS TO FINANCIAL CAPITAL IN THE FORM OF LOANS, THROUGH THE COMMUNITY INVESTMENT FUND FONDO DE INVERSIÓN COMUNITARIA FIC, TO NON PROFIT ORGANIZATIONS FOR THE PURPOSES OF COMMUNITY LOAN PROGRAMS FOR MICROENTERPRISES OR SMALL BUSINESSES, II AFFORDABLE HOUSING REHABILITATION, PRE-DEVELOPMENT, AND DEVELOPMENT COSTS, III PROJECTS WITH AN IDENTIFIED REPAYMENT SOURCE CONTRACTS, GRANTS, ETC., KNOWN AS BRIDGE LOANS, AND IV FEASIBLE ACTIVITIES WITH A PROJECTED FINANCIAL AND SOCIAL RETURN.


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Board, Officers & Key Employees

Name (title)Compensation
Nelson Colon Tarrats
President & CEO
$211,221
David Haddock
Vice-President
$133,275
Javier J Rivera Morales
Lider De Iniciativa Estrategicas
$111,000
Mary Ann Gabino
VP Senior
$109,085
Noelia Marin Oquendo
Finance Director & Comptroller
$69,969
Desiree Mieses Llavat
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cpa Juan A Vazquez
Program Audit -Agreed Upon Procedures
$185,855
Ikon Solution
Temporary Services
$1,357,791
Kelly Services
Temporary Services
$170,591
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,787,279
All other contributions, gifts, grants, and similar amounts not included above$3,527,860
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,315,139
Total Program Service Revenue$205,719
Investment income $693,985
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 $6,227,953

Grants Awarded

Over the last fiscal year, Puerto Rico Community Foundation Inc has awarded $1,646,315 in support to 73 organizations.

Grant RecipientAmount

HOGAR DE NINAS DE CUPEY INC

PURPOSE: Programa Educativo Complementario para una Educaci

$8,000

HOGAR DE NINAS DE CUPEY INC

PURPOSE: Servicios Psicologicos

$10,000

BOYS & GIRLS CLUB OF PUERTO RICO

PURPOSE: Programa Educativo

$20,000

BOYS & GIRLS CLUB OF PUERTO RICO

PURPOSE: Arte en Verano

$8,000

BOYS & GIRLS CLUB OF PUERTO RICO

PURPOSE: Salud y Bienestar

$15,000

CENTRO MARGARITAS INC

PURPOSE: Mantenimiento de las facilidades del Centro

$18,361
View Grant Profile

Peer Organizations

Organization NameAssets
Alianza Municipal De Servicios
Caguas, PR
$20,420,453
Comite Olimpico De Puerto Rico Inc Old Naval Base San Juan
San Juan, PR
$12,610,711
Caribbean University
Bayamon, PR
$23,989,672
Puerto Rico Legal Services Incorporated
San Juan, PR
$17,812,045
Cooperativa De Credito Cabo Rojo
Cabo Rojo, PR
$22,910,793
Voces Coalicion De Inmunizacion Y Promociion De La Salud Inc
Guaynabo, PR
$17,815,652
Baldwin School Of Puerto Rico Inc
Bayamon, PR
$15,725,275
Accion Social De Puerto Rico Inc
Guaynabo, PR
$14,168,297
Cooperativa De Ahorro Y Credito San Jose
Aibonito, PR
$21,995,808
Saint Johns School
San Juan, PR
$16,049,507
Invest Puerto Rico Inc
San Juan, PR
$16,374,498
Cooperativa De Ahorro Y Credito Camuy
Camuy, PR
$20,587,482
Habitat For Humanity International Pr Llc
San Juan, PR
$13,274,649
Dewey University Inc
San Juan, PR
$15,141,405
Escuela De Medicina San Juan Bautista Inc
Caguas, PR
$15,734,833
Cooperativa De Ahorro Y Credito De Isabela
Isabela, PR
$14,103,746
Fondo Permanente Para La Administracion Operacion Y
Salinas, PR
$13,895,760
Robinson School Inc
San Juan, PR
$13,331,674
Cooperativa La Sagrada Familia
Corozal, PR
$18,355,245
Centro De Servicios Primarios De Sa Lud Inc
Florida, PR
$13,265,045
Universidad Central De Bayamon Inc
Bayamon, PR
$9,371,871
Instituto Socio-Economico Comunitario Inc
San Juan, PR
$10,401,060
Cooperativa De Ahorro Y Credito Dr M Zeno Gandia
Arecibo, PR
$16,104,186
Cooperativa De Ahorro Y Credito San Rafael De Que
Quebradillas, PR
$20,006,028
Cooperative De Ahorro Y Credito De Lare
Lares, PR
$15,865,234

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