A C R E S Inc
- Assets
- $229.5k
- Revenue
- $349.5k
- Investments
- $0.0
- Employees
- 5
- Location
- San German, PR
- Founding
- 11/2013
- Data as of
- 12/2022
- EIN
- 66-0765706
Organization Overview
A C R E S Inc is located in San German, PR. The organization was established in 2013. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, A C R E S Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A C R E S 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, A C R E S Inc generated $349.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $358.2k 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSFORMING GARBAGE INTO FOOD - EDUCATES ABOUNT ENVIROMENTAL CARE AND PROPER DISPOSAL OF OUR ORGANIC WASTE. IT IS TAUGH IN SCHOOLS (ELEMENTARY AND HIGH SCHOOL) AND COMMNITIES IN THE MUNICIPALITY OF SAN GERMAN (VARIOUS AGES/FAMILIES). INTEGRAL FARM - MODEL PROJECT THAT SCHOOLS AND COMMUNITIES CAN VISIT WHERE IT IS DEMOSTRATED HOW FAMILIES CAN HAVE A VARIATY OF AGRICULTURAL PRODUCCTION FOR THEIR FOOD SECURITY. CONTINUES
LOMAS COMMUNITY COALITION - COALITION THAT 12 REPRESENTATIVE AND VOLUNTARY SECTORS OF THE MUNICIPALITY OF SAN GERMAN WORK TOGETHER IN FAVOR OF DRUG PRESENTION (OPIOTES AND ALCOHOL). WE ARE CREATING A WEBSITE UNDER THIS PROJECT AT WWW.COALICIONLIMASSG.COM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heriberto Mendez President | Trustee | 2 | $0 |
Victor J Ortiz Treasurer | Trustee | 2 | $0 |
Camilo J Muniz Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $181,423 |
| All other contributions, gifts, grants, and similar amounts not included above | $168,093 |
| Noncash contributions included in lines 1a–1f | $119,342 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $349,516 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $349,516 |
| 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 | $72,289 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,153 |
| Payroll taxes | $9,102 |
| 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 | $56,772 |
| Advertising and promotion | $0 |
| Office expenses | $17,558 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,533 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,719 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,490 |
| Insurance | $453 |
| All other expenses | $15,116 |
| Total functional expenses | $358,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,308 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,425 |
| 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 | $34,360 |
| Net Land, buildings, and equipment | $56,376 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $229,469 |
| Accounts payable and accrued expenses | $11,922 |
| 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 | $195,195 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $207,117 |
| Net assets without donor restrictions | $22,352 |
| Net assets with donor restrictions | $0 |
| 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 | $229,469 |