Centro Ararat Inc
- Assets
- $12.1m
- Revenue
- $26.3m
- Investments
- $0.0
- Employees
- 138
- Location
- Ponce, PR
- Founding
- Data as of
- 12/2023
- EIN
- 66-0604909
Organization Overview
Centro Ararat Inc is located in Ponce, PR. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2023, Centro Ararat Inc employed 138 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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.
For the year ending 12/2023, Centro Ararat Inc generated $26.3m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $26.0m during the year ending 12/2023. 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
2023
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melvin G Alvarado Matos Controller | Officer | 40 | $101,884 |
Jimmy Acosta Ortiz CEO | Officer | 40 | $203,408 |
Carlos Carrero Rodriguez CFO | Officer | 40 | $197,897 |
Rebecca Martinez Lugo Human Resources | Officer | 40 | $120,600 |
Roberto Calderon Doctor | 40 | $147,106 | |
Nadja Diaz Doctor | 40 | $121,709 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Samuel Melendez Rivera It Services | 12/30/23 | $232,200 |
Ivan Melendez Rivera Medical Services | 12/30/23 | $235,000 |
Factory 108 Llc Advertising | 12/30/23 | $257,846 |
Integral Services Corp Maintenance | 12/30/23 | $188,000 |
Tadd Group Llc Rent | 12/30/23 | $414,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,656,948 |
| 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 | $1,656,948 |
| Total Program Service Revenue | $23,820,930 |
| 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 | $26,308,355 |
| 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. | $623,789 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,711,972 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,023,974 |
| Fees for services: Management | $1,525,880 |
| 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 | $9,110 |
| Office expenses | $155,240 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $620,593 |
| Travel | $199,069 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $65,439 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $164,659 |
| Insurance | $242,206 |
| All other expenses | $0 |
| Total functional expenses | $26,035,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,101,759 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $408,975 |
| Accounts receivable, net | $585,704 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $123,297 |
| Prepaid expenses and deferred charges | $11,255 |
| Net Land, buildings, and equipment | $671,782 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $219,000 |
| Total assets | $12,121,772 |
| Accounts payable and accrued expenses | $2,320,624 |
| 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 | $256,076 |
| Total liabilities | $2,576,700 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $9,545,072 |
| 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 | $12,121,772 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Salud Integral En La Montana Inc Naranjito, PR | $152,837,240 | $126,086,433 |
Migrant Health Center Mayaguez, PR | $106,970,121 | $114,932,613 |
Cossma Inc Cidra, PR | $127,949,366 | $84,819,475 |
Hpm Foundation Inc San Juan, PR | $32,852,613 | $60,915,741 |
Integral De Loiza Conciliode Salud Loiza, PR | $74,730,888 | $63,540,072 |
Centro De Salud De Lares Inc Lares, PR | $75,302,380 | $46,777,041 |
Centro De Salud Familiar Dr Julio Palmieri Ferri Inc Arroyo, PR | $41,456,563 | $33,246,349 |
Centro Ararat Inc Ponce, PR | $12,121,772 | $26,308,355 |
Centro De Servicios Primarios De Sa Lud Inc Florida, PR | $14,607,386 | $13,265,045 |
Comprehensive Human Services Corporation Guaynabo, PR | $22,030,417 | $3,608,694 |
Fundacion Asistencia Centro De Trauma Inc San Juan, PR | $682,787 | $75,306 |