Fondo Permanente Para La Administracion Operacion Y
- Assets
- $27.1m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 253
- Location
- Salinas, PR
- Founding
- Data as of
- 12/2021
- EIN
- 66-0630488
Organization Overview
Fondo Permanente Para La Administracion Operacion Y, operating under the name Fideicomiso Olimpico De Puerto Rico, is located in Salinas, PR. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Fideicomiso Olimpico DE Puerto Rico employed 253 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fideicomiso Olimpico DE Puerto Rico 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 MISSION OF THE ORGANIZATION IS TO PROVIDE AND TO MAINTAIN THE LEVEL REQUIRED FOR THE TRAINING OF PUERTO RICO'S HIGH PERFOMANCE ATHLETES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICE TO OLYMPIC FEDERATION PROGRAM WAS ACHIVED BY PROVIDING TO THE HIGHEST PERFORMANCE ATHLETES BELONGING TO SUCH FEDERATIONS THE REQUESTED LEVEL OF TRAINING WHICH INCLUDES AMONG OTHERS EDUCATION, ROOM AND BOARD AND SPECIALIZED TRAINING INTO THE ARTS AND SCIENCES OF DIFFERENT SPORTS.
OTHER ACADEMIC AND SPORTS SERVICE PROGRAM WAS PROVIDED PRIMARILY TO STUDENTS ENROLLED IN THE ALBERGUE OLIMPICO BASEBALL ACADEMY PROGRAM WHICH INCLUDES TUITION, FEES, ROOM AND MEALS. OTHER SPORTS RECREATIONAL FACILITIES PROGRAM WAS PROVIDED TO THE GENERAL PUBLIC WHICH INCLUDE THE SALE OF TICKETS FOR ADMISSION TO PARKS, THE SALES OF MERCHANDISE, FOOD AND BEVERAGE AT THE PARKS, SHOPS AREAS AND FOOD COURTS.
SPORTS MEDICINE SERVICES PROGRAM INCLUDES A CONTRACT WITH THE UNIVERSITY OF PUERTO RICO MEDICAL SCIENCE CAMPUS TO SUPPLY AND PAY FOR MATERIALS, CLEANING SERVICES, MAINTENANCE AND SURVEILLANCE OF FACILITIES THAT THE CENTER FOR SPORTS HEALTH AND EXCERCISE SCIENCE OCCUPIES. THE CENTER OCCUPIES IN THE ALBERGUE OLIMPICO A VARIETY OF SPORTS MEDICINE SERVICES WITH A PREVENTIVE APPROACH TO ATHLETES OF NATIONAL FEDERATIONS, STUDENT ATHLETES AND TO THE GENERAL COMMUNITY. THE FIDEICOMISO OLIMPICO WILL PROVIDE TELEPHONE, WATER, ELECTRICITY AND RENT SERVICES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ramon Alvarez Executive Di | Officer | 40 | $90,002 |
Lydia Sanchez Director Of | Trustee | 40 | $60,000 |
Yanira Morales Hr Director | Officer | 40 | $29,203 |
Pedro Rojas Operations D | Officer | 40 | $24,003 |
Carmen Cartagena Academic Dir | Officer | 40 | $18,720 |
Samuel Cespedes Secretary | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $722,387 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $722,387 |
| Total Program Service Revenue | $1,069,211 |
| Investment income | $2,232 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $712,532 |
| 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 | $575,788 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,740,055 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $867,521 |
| 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. | $221,928 |
| Compensation of current officers, directors, key employees. | $221,928 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,099,794 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,013 |
| 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 | $460,872 |
| Advertising and promotion | $51,008 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $313,113 |
| Travel | $0 |
| 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 | $883,320 |
| Insurance | $323,585 |
| All other expenses | $302,891 |
| Total functional expenses | $8,692,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,385,448 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $178,375 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $183,233 |
| Prepaid expenses and deferred charges | $279,035 |
| Net Land, buildings, and equipment | $20,086,510 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,112,601 |
| Accounts payable and accrued expenses | $1,135,727 |
| Grants payable | $0 |
| Deferred revenue | $267,895 |
| 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 | $1,403,622 |
| Net assets without donor restrictions | $15,320,975 |
| Net assets with donor restrictions | $10,388,004 |
| 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 | $27,112,601 |
Grants Awarded
Over the last fiscal year, Fondo Permanente Para La Administracion Operacion Y has awarded $867,521 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COMITE OLIMPICO PUERTO RICO PURPOSE: SERVICE & USE/RENT | $692,521 |
SALUD DEPORTIVAY CIENCIAS DEL EJERCICIO PURPOSE: FACILITIES USE/RENT | $175,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ponce Medical School Foundation Inc Ponce, PR | $11,600,859 | $25,661,618 |
Liga Puertorriquena Contra El Cancer San Juan, PR | $38,669,713 | $26,629,150 |
Universidad Central Del Caribe Inc Bayamon, PR | $35,289,249 | $27,377,681 |
Cooperativa De Ahorro Y Credito Oriental Humacao, PR | $433,041,205 | $23,460,952 |
Centros Sor Isolina Ferre Inc Ponce, PR | $22,315,489 | $16,849,878 |
Corp Serv Med Prim Y Prev De Hatillo Hatillo, PR | $36,236,018 | $21,541,946 |
Caribbean University Bayamon, PR | $48,412,485 | $17,932,008 |
Puerto Rico Legal Services Incorporated San Juan, PR | $18,895,657 | $19,069,485 |
Boys & Girls Clubs Of Puerto Rico Inc Carolina, PR | $20,563,847 | $15,690,113 |
Baldwin School Of Puerto Rico Inc Bayamon, PR | $21,469,124 | $15,474,261 |
Cooperative De Ahorro Y Credito De Barranquitas Barranquitas, PR | $321,931,771 | $17,940,942 |
Alianza Municipal De Servicios Caguas, PR | $4,966,942 | $12,673,262 |