Bellas Artes De Caguas Corp
- Assets
- $2.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 8
- Location
- Caguas, PR
- Founding
- Data as of
- 06/2022
- EIN
- 66-0637108
Organization Overview
Bellas Artes De Caguas Corp is located in Caguas, PR. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Bellas Artes DE Caguas Corp employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bellas Artes DE Caguas Corp 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, Bellas Artes DE Caguas Corp generated $1.8m in total revenue. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 27.9% per year over the past 2 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
PROMOTE THE PARTICIPATION AND COLLABORATION OF EDUCATIONAL INSTITUTIONS, PRIVATE ENTITIES AND GOVERNMENT ENTITIES IN ORDER TO OBTAIN THE MOST EXTENSIVE AND EFFECTIVE CULTURAL AND TOURIST DEVELOPMENT OF THE MID-EASTERN REGION OF PUERTO RICO; TO CARRY OUT, PROMOTE AND COLLABORATE WITH ALL ACTS AND ACTIVITIES THAT EXALT THE VALUES AND ARTISTIC COMPONENTS OF THE PUERTO RICAN CULTURE; AND TO DEVELOP AN ARTISTIC EXPRESSION THAT IDENTIFIES THE MUNICIPALITY OF CAGUAS AND IMPROVES THE QUALITY OF LIFE OF ITS CITIZENS AND ALL OF PUERTO RICO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENT OF FACILITIES AND ANCILLIARY LOCATIONS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Miranda Torres President | Trustee | 1 | $0 |
Lydia Rivera Denizard Vice-President | Trustee | 1 | $0 |
Carlos Bonilla Treasurer | Trustee | 1 | $0 |
Zoila Levis Secretary | Trustee | 1 | $0 |
Hector J Torres Colon Director | Trustee | 1 | $0 |
Linda Hernandez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $749,096 |
| 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 | $749,096 |
| Total Program Service Revenue | $881,525 |
| Investment income | $125 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $141,329 |
| 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 | $1,831,895 |
| 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. | $33,291 |
| Compensation of current officers, directors, key employees. | $18,543 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $246,297 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,958 |
| Payroll taxes | $22,105 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,172 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $265,195 |
| Advertising and promotion | $2,757 |
| Office expenses | $12,964 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,067 |
| Travel | $55,060 |
| 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 | $293,353 |
| Insurance | $57,782 |
| All other expenses | $117,259 |
| Total functional expenses | $1,269,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $699,782 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $211 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,889 |
| Prepaid expenses and deferred charges | $29,557 |
| Net Land, buildings, and equipment | $1,532,183 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,240 |
| Total assets | $2,342,862 |
| Accounts payable and accrued expenses | $174,938 |
| Grants payable | $0 |
| Deferred revenue | $43,254 |
| 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 | $111,603 |
| Other liabilities | $54,735 |
| Total liabilities | $384,530 |
| Net assets without donor restrictions | $1,958,332 |
| Net assets with donor restrictions | $0 |
| 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 | $2,342,862 |