Puerto Rico Science Technology And Research Trust is located in San Juan, PR. The organization was established in 2014. According to its NTEE Classification (U05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Science & Technology and related organizations. As of 06/2022, Puerto Rico Science Technology And Research Trust employed 218 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Puerto Rico Science Technology And Research Trust 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, Puerto Rico Science Technology And Research Trust generated $38.2m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $33.2m during the year ending 06/2022. 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
FACILITATE AND BUILD CAPACITY TO CONTINUALLY ADVANCE PUERTO RICO'S ECONOMY AND ITS CITIZEN'S WELL BEING THROUGH INNOVATION, SCIENCE AND TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
.
ALL OTHER ACCOMPLISHMENTS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Luz A Crespo Valentin CEO | Officer | 0 | $299,793 |
Doira Diaz General Cons | Officer | $156,069 | |
Gilberto Marquez CFO | Officer | $151,173 | |
Guadalupe Vazquez Chief Comm. | Officer | $98,238 | |
Alfredo Casta Trustee | Trustee | $0 | |
Ing Manuel Laboy Trustee | Trustee | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Espacio Conector Llc Professional | 6/29/22 | $199,568 |
Pietrantoni Mendez & Alvarez Llc Professional | 6/29/22 | $182,650 |
Arcadis Caribe Psc Professional | 6/29/22 | $179,520 |
Perfect Integrate Solutions Professional | 6/29/22 | $166,663 |
Maria Castro Professional | 6/29/22 | $151,000 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $13,527,510 |
All other contributions, gifts, grants, and similar amounts not included above | $23,247,084 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $36,774,594 |
Total Program Service Revenue | $0 |
Investment income | $943,548 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $343,309 |
Net Gain/Loss on Asset Sales | $64,573 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $38,249,802 |
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 | $7,444,118 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $2,782,990 |
Fees for services: Management | $0 |
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 | $3,696,324 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $213,852 |
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 | $1,173,286 |
Insurance | $453,633 |
All other expenses | $2,432,820 |
Total functional expenses | $33,164,508 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $31,177,994 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,159,592 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $6,778 |
Net Land, buildings, and equipment | $54,639,137 |
Investments—publicly traded securities | $0 |
Investments—other securities | $48,961,342 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $26,261 |
Total assets | $136,971,104 |
Accounts payable and accrued expenses | $3,985,508 |
Grants payable | $0 |
Deferred revenue | $4,831,585 |
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 | $168,600 |
Total liabilities | $8,985,693 |
Net assets without donor restrictions | $99,757,036 |
Net assets with donor restrictions | $28,228,375 |
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 | $136,971,104 |