Fundacion Oe-Innovative Technology For Education Inc
- Assets
- $36.2k
- Revenue
- $462.1k
- Investments
- $0.0
- Employees
- 0
- Location
- San Juan, PR
- Founding
- 01/2008
- Data as of
- 06/2021
- 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 06/2021, Fundacion Oe-Innovative Technology For Education Inc generated $462.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $384.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (15.9%) per year over the past 2 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOCA PROGRAM - PROVIDING "ONE ON ONE" SCHOOLING TO CHILDREN THAT HAD SUFFERED FROM EMOTIONAL AND PARENTAL ABUSE BULLYING AND OTHER SITUATIONS THAT IMPACTED PROPER EDUCATION. THIS PROJECT WAS DONE THANKS TO CONTRIBUTIONS FROM THE DEPARTMENT OF JUSTICE. THE END OBJECTIVES ARE TO HELP THESE STUDENTS ADVANCE AND COMPLETE THEIR EDUCATIONAL PROCESS. THE PROGRAM WAS CONCENTRATED IN THE SOUTHWESTERN PART OF PUERTO RICO. THIS AREA HAD BEEN DEEPLY IMPACTED BY THE EARTHQUAKES THAT OCCURRED IN JANUARY OF 2020. THESE DESTROYED THE TOWN OF GUANICA AND AFFECTED THE MUNICIPALITY OF PONCE AND ADJACENT TOWNS. MANY SCHOOLS WERE DESTROYED AND THOSE THAT REMAINED WERE DECLARED UNSAFE. THE NEV PLATFORM WAS UTILIZED TO DO THE "ONE ON ONE" SPECIFICS.
NEV: THIS IS THE "NUEVA ESCUELA VIRTUAL" PROGRAM. THIS PROGRAM PROVIDES TRAINING WEBINARS TECHNICAL ASSISTANCE TO STUDENTS PARENTS AND TEACHERS IN THE USE OF THE NEV SOFTWARE PLATFORM. THE PLATFORM CONTAINS THE REGULAR CURRICULUM APPROVED BY THE PUERTO RICO DEPARTMENT OF EDUCATION SO THESE DISADVANTAGED STUDENTS MAY MAINTAIN THEIR PROGRESS AND SCHOLARITY.
SCHOLARSHIPS; THIS PROGRAM PROVIDES SCHOLARSHIPS TO HIGH PERFORMING STUDENTS AT THE SECONDARY LEVEL. THE FUNDS ALLOW THE STUDENTS TO ACCESS TOP SCHOOLS NOT ONLY IN PUERTO RICO BUT ALSO IN THE MAINLAND.
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 |
|---|---|---|---|
Eugenia Valdez Balsinde Director | 2 | $0 | |
Maria DE Los A Nevarez President | 2 | $0 | |
Virginia Fernandez Vice Pres | 2 | $0 | |
Agnes Rosich Director | 2 | $0 | |
Alberto Aneses Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $462,108 |
| 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 | $0 |
| Total Revenue | $462,108 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $148,271 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22 |
| Depreciation | $0 |
| Occupancy | $16,170 |
| Travel, conferences, and meetings | $96 |
| Printing and publications | $0 |
| Other expenses | $23,385 |
| Total operating and administrative expenses | $347,365 |
| Contributions, gifts, grants paid | $37,312 |
| Total expenses and disbursements | $384,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,875 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $15,142 |
| 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 | $1,140 |
| Total assets | $36,157 |
| Accounts payable and accrued expenses | $55,940 |
| 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 | $55,940 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fundacion Oe-Innovative Technology For Education Inc has recieved totaling $30,325.
| Awarding Organization | Amount |
|---|---|
Fundacion Colibri Inc New York City, NY PURPOSE: GENERAL CHARITABLE | $30,325 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hospital Menonita Caguas Inc Cidra, PR | $169,418,501 | $113,843,157 |
Salud Integral En La Montana Inc Naranjito, PR | $119,086,273 | $106,337,219 |
Migrant Health Center Mayaguez, PR | $87,969,112 | $107,297,310 |
Hospital De La Concepcion Inc San German, PR | $118,926,388 | $92,905,006 |
Hospital Damas Inc Ponce, PR | $56,244,610 | $73,414,103 |
Presbyterian Community Hospital Inc San Juan, PR | $49,406,530 | $70,919,559 |
Pontifical Catholic University Of Puerto Rico Ponce, PR | $161,066,580 | $97,269,712 |
Cossma Inc Cidra, PR | $107,333,150 | $66,362,775 |
Neomed Center Inc Gurabo, PR | $65,808,264 | $60,486,712 |
Hospital Menonita Guayama Inc Cidra, PR | $149,499,387 | $86,573,108 |
Hpm Foundation Inc San Juan, PR | $29,670,863 | $56,807,836 |
Ryder Memorial Hospital Inc Humacao, PR | $33,920,487 | $48,860,156 |