Centro Ararat Inc
- Assets
- $15.0m
- Revenue
- $28.5m
- Investments
- $0.0
- Employees
- 128
- Location
- Ponce, PR
- Founding
- Data as of
- 12/2021
- EIN
- 66-0604909
Organization Overview
Centro Ararat Inc is located in Ponce, PR. As of 12/2021, Centro Ararat Inc employed 128 individuals. Centro Ararat Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CENTER PROVIDES MEDICAL ASSISTANCE TO HIV PATIENTS PRINCIPALLY SPONSORED BY FEDERAL GRANTS. THEY PROVIDE THEIR SERVICES IN SIX CLINICS LOCATED AROUND PUERTO RICO. THEY ALSO PROVIDE EDUCATIONAL SERVICES REGARDING THE PREVENTION OF HEALTH DISEASES SUCH AS HIV ETC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTER IS GROWING EVERY YEAR BY PROVIDING ASSISTANCE TO MORE THAN A THOUSAND PATIENTS. THE CENTER HAS SIX CLINICS AROUND PUERTO RICO AND PLANS TO KEEP GROWING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maribel Acevedo Management | Officer | 40 | $199,010 |
Jimmy Acosta Management | Officer | 40 | $197,047 |
Carlos Carrero Management | Officer | 40 | $175,746 |
Roberto Calderon Management | Officer | 40 | $134,010 |
Rebecca Martinez Management | Officer | 40 | $106,862 |
Frances Colon Board Of Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ararat Lipodistrophy Clinic Medical Services | 12/30/21 | $228,000 |
Ivan Melendez Medical Services | 12/30/21 | $220,000 |
Factory 108 Services | 12/30/21 | $205,014 |
Samuel Melendez It Services | 12/30/21 | $194,400 |
Integral Service Corp Service | 12/30/21 | $176,000 |
View All Vendors
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,147,216 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,147,216 |
| Total Program Service Revenue | $26,558,863 |
| 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 | $28,478,852 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,199,719 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $466,169 |
| Fees for services: Management | $1,295,629 |
| 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 | $0 |
| Advertising and promotion | $6,624 |
| Office expenses | $30,228 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $86,513 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,465 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $251,808 |
| Insurance | $606,869 |
| All other expenses | $996,736 |
| Total functional expenses | $22,318,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,417,452 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $440,138 |
| Accounts receivable, net | $2,871,412 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $194,752 |
| Prepaid expenses and deferred charges | $29,337 |
| Net Land, buildings, and equipment | $1,056,534 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,999 |
| Total assets | $15,030,624 |
| Accounts payable and accrued expenses | $2,283,899 |
| Grants payable | $0 |
| 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 | $2,283,899 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $12,746,725 |
| 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 | $15,030,624 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Centro Ararat Inc has recieved totaling $164,849.
| Awarding Organization | Amount |
|---|---|
Aids United Washington, DC PURPOSE: MULTIPLE | $164,849 |
View Grant Recipient Profile
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 |