Asesores Financieros Comunitarios Inc
- Assets
- $434.1k
- Revenue
- $546.8k
- Investments
- $0.0
- Employees
- 6
- Location
- San Juan, PR
- Founding
- 10/2010
- Data as of
- 06/2021
- EIN
- 66-0701458
Organization Overview
Asesores Financieros Comunitarios Inc is located in San Juan, PR. The organization was established in 2010. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Asesores Financieros Comunitarios Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asesores Financieros Comunitarios 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, Asesores Financieros Comunitarios Inc generated $546.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $495.0k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MOST SIGNIFICANT ACTIVITY PROVIDE TECHNICAL ASSISTANCE TO NONPROFIT ORGANIZATIONS IN AREAS AS ORGANIZATIONAL STRUCTURE ACCOUNTING AND ADMINISTRATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL TRAINING PROGRAM TRAINING IS PROVIDED THROUGH WORKSHOPS
CONSULTING PROGRAM THE CONSULTING PROGRAM OF THE SERVICE MODEL IS
ASESORES FINANCIEROS UNIVERSITARIOS AFU PROVIDES BUSINESS ADMINIS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Orlando Vazque President | Trustee | 15 | $0 |
Miriam Quinter Vice President | Trustee | 2 | $0 |
Hector Gonzale Secretary | Trustee | 1 | $0 |
Jose Teruel Prev President | Trustee | 1 | $0 |
Claudia Motta Sub Secretary | Trustee | 2 | $0 |
Agnes Suarez Sub Treasurer | Trustee | 2 | $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 | $424,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $424,800 |
| Total Program Service Revenue | $113,988 |
| Investment income | $263 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,792 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $546,843 |
| 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. | $54,120 |
| Compensation of current officers, directors, key employees. | $6,494 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $153,398 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,927 |
| Fees for services: Management | $80,068 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,645 |
| Office expenses | $78,890 |
| Information technology | $7,761 |
| Royalties | $0 |
| Occupancy | $25,002 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,613 |
| Interest | $89 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,818 |
| Insurance | $15,628 |
| All other expenses | $0 |
| Total functional expenses | $495,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $339,784 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,712 |
| 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 | $0 |
| Net Land, buildings, and equipment | $25,194 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $375 |
| Total assets | $434,065 |
| Accounts payable and accrued expenses | $93,303 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $93,303 |
| Net assets without donor restrictions | $332,378 |
| Net assets with donor restrictions | $8,384 |
| 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 | $434,065 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Asesores Financieros Comunitarios Inc has recieved totaling $29,254.
| Awarding Organization | Amount |
|---|---|
Fondos Unidos De Puerto Rico Inc Santurce, PR PURPOSE: TO COVER PROGRAM SERVICES OF PARTICIPATING AGENCIES | $18,336 |
Globalgiving Foundation Inc Washington, DC PURPOSE: FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS | $10,326 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $92 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Invest Puerto Rico Inc San Juan, PR | $6,065,059 | $5,251,268 |
Enterprize Events Inc San Juan, PR | $481,688 | $1,261,497 |
Bluetide Puerto Rico Inc San Juan, PR | $5,254,223 | $6,094,144 |
Protechos Inc San Juan, PR | $112,484 | $566,464 |
Asesores Financieros Comunitarios Inc San Juan, PR | $434,065 | $546,843 |
Conprmetidos San Juan, PR | $1,077,092 | $384,153 |
Endeavor Initiative Puerto Rico Inc San Juan, PR | $246,373 | $496,667 |
Industry University Research Center Inc San Juan, PR | $57,769 | $247,484 |
Vitrina Solidaria San Juan, PR | $46,768 | $223,562 |
El Corredor Tecno Economico De Puerto Rico Y El Caribe Mayaguez, PR | $1,013,851 | $86,019 |
Puerto Rico 4-0 Mts Corporacion Bayamon, PR | $0 | $0 |