Centro De Periodismo Investigativo Inc
- Assets
- $2.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 19
- Location
- San Juan, PR
- Founding
- 11/2011
- Data as of
- 12/2022
- EIN
- 66-0705065
Organization Overview
Centro De Periodismo Investigativo Inc is located in San Juan, PR. The organization was established in 2011. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Centro DE Periodismo Investigativo Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centro DE Periodismo Investigativo 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 12/2022, Centro DE Periodismo Investigativo Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. 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
BE AN INSTRUMENT TO PRODUCE, PROMOTE AND DEFEND INVESTIGATIVE JOURNALISM AND THE PUBLICS RIGHT TO ACCESS INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JOURNALISM: CPIS JOURNALISM WORK HAS BEEN SIGNIFICANT IN THE PRODUCTION, PROMOTION, AND DEFENSE OF INVESTIGATIVE JOURNALISM IN PUERTO RICO AND ACROSS THE AMERICAS. OUR EFFORTS HAVE CONTRIBUTED TO HOLDING THOSE IN POWER ACCOUNTABLE. AS A STRATEGY TO ACHIEVE OUR OBJECTIVES, WE JOIN FORCES WITH MEDIA PARTNERS IN PUERTO RICO, THE U.S. MAINLAND, AND WITH JOURNALISTS IN THE CARIBBEAN. IN 2022 REPORTING CONTINUED IN HEALTH, ECONOMY, EDUCATION, AND ENVIRONMENTAL STORIES, WHICH ADDRESSED ISSUES IMPACTING OUR COMMUNITIES DAILY LIFES. DURING 2022 OUR PUBLICATIONS INCREASED AND OUR REACH GREW. WE FORMED A PARTNERSHIP WITH TELEMUNDO/RAYOS X, THIS ALLOWS US TO PARTICIPATE IN TV EVERY WEEK. WE PUBLISHED 13 STORIES RELATED TO FIONA HURRACANE AND THE IMPACT IT HAD ON THE PUERTO RICO. WE ALSO LAUNCHED IN PARTNERSHIP WITH TODASPR.COM A INVESTIGATIVE GENDER ISSUES EFFORT. WE LAUNCHED DE CERCA PODCAST WHICH HAD OVER 2,000 DOWNLOADS.
TRAINING INSTITUTE: THE INSTITUTE OFFERS PROFESSIONAL EDUCATION TO JOURNALISM STUDENTS AND PROFESSIONALS IN INVESTIGATIVE JOURNALISM. THE PROGRAM ALSO PROVIDES MENTORSHIP AND FELLOWSHIP. THE INSTITUTE MEMBERSHIP GREW TO 76 MEMBERS IN 2021 AND 2022. ALSO, WE TRAINED COMMUNITY YOUNG PEOPLE IN MEDIA LITERACY AND CITIZEN JOURNALISM.
TRANSPARENCY AND LITIGATION: OUR TRANSPARENCY PROGRAM ADVANCES OUR MISSION OF PROVIDING ACCESS TO INFORMATION AND TRANSPARENCY INTENDED TO HAVE MORE KNOWLEDGEABLE CITIZENS CAPABLE OF HOLDING THE POWERFUL ACCOUNTABLE. THE TRANPARENCY TEAM WORKS WITH THE SUPPORT OF THE LEGAL CLINIC OF THE INTER-AMERICAN UNIVERSITY SCHOOL OF LAW, INCLUDING LITIGATION WHEN NECESSARY. IN 2021 A LAWYER JOINED OUR TEAM AS AN EQUAL JUSTICE FELLOWS TO DO IN HOUSE LEGAL RESEARCH, ADVISORY ON STRATEGIC LITIGATION CASES, COMMUNITY OUTREACH, AND GIVE WORKSHOPS ON ACCESS TO INFORMATION. THE COVERAGE REGARDING THE 141 LAW IMPLEMENTATION RESULTED IN AGENCIES AND MUNICIPALITIES INCREASING THEIR COMPLIANCE WITH THE LAW. ADDITIONALLY, OUR TEAM PUBLISHED SOME HELPFUL RESOURCES SUCH AS A GUIDE TO REQUEST PUBLIC INFORMATION TO MUNICIPALITIES AND AGENCIES. SEVEN NEW CASES WERE FILED TO INCREASE TRANSPARENCY ACROSS AGENCIES AND MUNICIPALITIES IN PUERTO RICO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carla Santos Executive Director | Officer | 40 | $78,999 |
Omaya Sosa Founder Member | Officer | 35 | $60,815 |
Oscar Serrano Founder Member | Officer | 5 | $12,000 |
Efren Rivera Chair | Trustee | 2 | $0 |
Patricia Gutierrez Chair | Trustee | 1 | $0 |
Janice Petrovitch Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,515 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,400,820 |
| Noncash contributions included in lines 1a–1f | $70,927 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,402,335 |
| Total Program Service Revenue | $0 |
| Investment income | $4,353 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | -$2,518 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,404,170 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,700 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $151,814 |
| Compensation of current officers, directors, key employees. | $25,028 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $570,568 |
| Pension plan accruals and contributions | $5,295 |
| Other employee benefits | $85,404 |
| Payroll taxes | $59,980 |
| Fees for services: Management | $400,788 |
| Fees for services: Legal | $13,283 |
| Fees for services: Accounting | $27,771 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,197 |
| Advertising and promotion | $90,853 |
| Office expenses | $4,310 |
| Information technology | $25,007 |
| Royalties | $0 |
| Occupancy | $24,602 |
| Travel | $66,179 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,287 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,955 |
| Insurance | $9,376 |
| All other expenses | $21,630 |
| Total functional expenses | $1,675,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,001,291 |
| Savings and temporary cash investments | $165,360 |
| Pledges and grants receivable | $457,932 |
| Accounts receivable, net | $350 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,318 |
| Prepaid expenses and deferred charges | $5,458 |
| Net Land, buildings, and equipment | $321,298 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,961,007 |
| Accounts payable and accrued expenses | $40,684 |
| 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 | $40,684 |
| Net assets without donor restrictions | $1,430,264 |
| Net assets with donor restrictions | $490,059 |
| 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 | $1,961,007 |