Fundacion Oe-Innovative Technology For Education Inc
- Assets
- $39.6k
- Revenue
- $166.5k
- Investments
- $0.0
- Employees
- 0
- Location
- San Juan, PR
- Founding
- 01/2008
- Data as of
- 06/2022
- EIN
- 66-0697838
Organization Overview
Fundacion Oe-Innovative Technology For Education Inc is located in San Juan, PR. The organization was established in 2008. According to its NTEE Classification (U41) the organization is classified as: Computer Science, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fundacion Oe-Innovative Technology For Education 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 06/2022, Fundacion Oe-Innovative Technology For Education Inc generated $166.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (32.2%) each year. All expenses for the organization totaled $129.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (38.1%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SERVICES; THIS PROGRAM PROVIDES EDUCATIONAL SERVICES THROUGH THE USE OF SOFTWARE AND IS PROVIDED TO LOW INCOME FAMILIES AFFECTED BY THE RECENT EARTHQUAKES IN THE SOUTHERN PART OF THE ISLAND.
MAGNA SCHOLARSHIP; THIS IS A PROGRAM WHEREBY SCHOLARSHIPS ARE GRANTED TO ADVANTAGED STUDENTS AT HIGHER EDUCATION LEVEL. THE SCHOLARSHIP WAS PROVIDED TO ONE 1 INDIVIDUAL.
VICTIMS OF CRIME ACT VOCA; THIS PROGRAM PROVIDES EDUCATIONAL SERVICES TO STUDENTS AFFECTED BY CRIME. THIS IS A FEDERAL PROGRAM. VARIOUS PARTICPANTS.
EMPRESARISMO; FOR TRAINING AND AIDING STUDENTS IN THE USE OF THE DIGITAL EDUCATIONAL PLATFORM THE MANAGEMENT OF THE PROGRAM AND TRAINING THE TRAINER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria DE Los A Nevarez President | 2 | $0 | |
Alberto J Aneses ESQ Secretary | 2 | $0 | |
Virginia Fernandez Director | 2 | $0 | |
Eugenia Valdes Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $33,147 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $133,339 |
| Total Revenue | $166,486 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $41,098 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,730 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $600 |
| Printing and publications | $0 |
| Other expenses | $12,097 |
| Total operating and administrative expenses | $117,028 |
| Contributions, gifts, grants paid | $12,147 |
| Total expenses and disbursements | $129,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,071 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $32,483 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $39,554 |
| Accounts payable and accrued expenses | $22,059 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $22,059 |