Foundation For Puerto Rico Inc

Organization Overview

Foundation For Puerto Rico Inc is located in San Juan, PR. The organization was established in 2013. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Foundation For Puerto Rico Inc employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Puerto Rico 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 12/2021, Foundation For Puerto Rico Inc generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $7.3m during the year ending 12/2021. While expenses have increased by 19.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Foundation For Puerto Rico Inc has awarded 65 individual grants totaling $6,674,090. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

FOUNDATION FOR PUERTO RICO, INC. (FPR) WORKS WITH A DEFINED PLAN TO DEVELOP PUERTO RICO'S SOCIAL AND ECONOMIC POTENTIAL AND TRANSFORM IT INTO AN IMPORTANT COMPETITOR IN THE WORLD. FPR DOES THIS BY PROMOTING THE VISITOR ECONOMY AND EXPORT OF THE 21ST CENTURY AS CENTRAL TO ECONOMIC DEVELOPMENT; SUPPORTING INNOVATION IN EVERY SECTOR; CONTRIBUTING TO STRENGTHEN AND DEVELOP THE ORGANIZATIONS THAT MAKE UP OUR SOCIETY; AND DRIVING THE TALENT HERE TO RECOGNIZE ITS POTENTIAL. THE MISSION IS TO TRANSFORM PUERTO RICO INTO A DESTINATION FOR THE WORLD BY DRIVING SUSTAINABLE STRATEGIES OF ECONOMIC AND SOCIAL DEVELOPMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RESILIENCY INITIATIVES - SUPPORTS THE REBUILDING AND RECOVERY EFFORTS OF THE ISLAND THROUGH PARTICIPATORY PLANNING PROCESSES, RESILIENCY DONATIONS, EDUCATIONAL TOOLS AND MATERIALS, TECHNICAL ASSISTANCE, AND INSPIRATION TO A NEW GENERATION OF RESILIENT COMMUNITIES THAT WILL BE PREPARED TO SURVIVE AND THRIVE IN THE FACE OF UNFORSEEN ADVERSITY.


ECONOMIC DEVELOPMENT INITIATIVES - INCLUDES THE IMPLEMENTATION OF ECONOMIC DEVELOPMENT STRATEGIES IN THE COMMUNITIES OF PUERTO RICO WHILE MAXIMIZING OUR ASSETS. ALSO, WORKING ON STRENGTHENING THE THIRD SECTOR, ENTREPRENEURIAL AND BUSINESS ECOSYSTEMS, AND SOCIAL CAPITAL IN GENERAL. ALL FROM THE "BOTTOM UP".


POLICY, RESEARCH, AND INNOVATION INITIATIVES - DRIVE INNOVATION THROUGH POLICY AND RESEARCH, SHARING KNOWLEDGE AND BEST PRACTICES, AND DEVELOPING STRATEGIES IN COLLABORATION WITH PARTNERS TO ADDRESS CRITICAL CHALLENGES AND OPPORTUNITIES AFFECTING OUR COMMUNITIES, WITH THE MAIN GOAL OF BRINGING GROWTH AND TRANSFORMATION TO PUERTO RICO'S ECONOMY. SEEKS TO IMPLEMENT INNOVATIVE AND STRATEGIC INNITIATIVE THROUGH THE CENTER OF STRATEGIC INNOVATION.


SCALLING UP FOR INNOVATION - SUPPORTS AND COLLABORATES TO BUILD THE CAPACITY OF NON-PROFIT ORGANIZATIONS SO THEY MAY INNOVATE, BECOME COMPETITIVE, AND TAKE ADVANTAGE OF GLOBAL OPPORTUNITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Damaris Ocasio Nieves
CFO
$171,439
Annie Mayol Del Valle
President
$155,475
Ana M Lopez
VP Marketing
$124,815
Alexandra Lugaro
Executive Di
$105,088
Jonathan Borschow
Chairman
$0
Alexander Borschow
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Putnam Lac Holding Llc
Rent
$184,784
Streetsense Consulting Llc
Consulting
$215,781
Abexus Llc
Consulting
$180,000
Integrated Solar Operation Llc
Supplies
$361,176
Powercomm Inc
Supplies
$325,961
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$264,941
Related organizations$0
Government grants $468,100
All other contributions, gifts, grants, and similar amounts not included above$6,524,613
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$7,257,654
Total Program Service Revenue$0
Investment income $1,367
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $6,487
Net Gain/Loss on Asset Sales $2,454
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,478,799

Grants Awarded

Over the last fiscal year, Foundation For Puerto Rico Inc has awarded $63,000 in support to 2 organizations.

Grant RecipientAmount

FUNDACION FONDO DE ACCESO A LA JUST

PURPOSE: GRANTEE PER CONTRACT

$53,000

KIVA

|

|

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Foundation For Puerto Rico Inc has recieved totaling $2,085,351.

Awarding OrganizationAmount
Direct Relief

Santa Barbara, CA

PURPOSE: ABBVIE PR ENERGY PROJECTS

$1,695,000
Peter Alfond Foundation

Bethesda, MD

PURPOSE: COMMUNITY LEADERSHIP ACADEMY

$265,446
Ewing Marion Kauffman Foundation

Kansas City, MO

PURPOSE: SUPPORT FOR GREATER COORDINATION AMONG EXISTING PROGRAMS AT FIVE PUERTO RICOBASED ENTREPRENEURIAL SUPPORT ORGANIZATIONS. 201905-6519

$56,000
Wal-Mart Foundation

Bentonville, AR

PURPOSE: DISASTER RELIEF AND PREPAREDNESS

$50,000
A Friends Foundation Trust

Pennington, NJ

PURPOSE: GENERAL OPERATING

$18,750
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$105
View Grant Recipient Profile

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