Centro Para Emprendedores Inc
- Assets
- $727.8k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 15
- Location
- Caguas, PR
- Founding
- Data as of
- 12/2022
- EIN
- 66-0783031
Organization Overview
Centro Para Emprendedores Inc is located in Caguas, PR. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Centro Para Emprendedores Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centro Para Emprendedores 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 Para Emprendedores Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 43.9% each year . All expenses for the organization totaled $927.8k during the year ending 12/2022. While expenses have increased by 38.4% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO TEACH ENTREPRENEURSHIP TO PEOPLE INTERESTED IN STARTING BUSINESSES IN PUERTO RICO WITH THE MISSION OF IMPROVING LOCAL AND COUNTRY ECONOMY THRU SMALL BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CDBG-DR PROGRAM 3 COHORTS OF ENTREPRENEURS LEARNED HOW TO MANAGE THEIR BUSINESS FOR GROWTH AND SUSTAINABILITY.,
PROGRAM TO TEACH ENTREPRENURS IN HOW TO MANAGE INTERNET PRESENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fernando Garcia Vice Director | Officer | 40 | $51,434 |
Nerma Albertorio Executive Director | Trustee | 40 | $29,345 |
Ramfis Castro President | Trustee | 4 | $0 |
Gladys Nieves Secretary | Trustee | 4 | $0 |
Jorge Mejias Officer | Trustee | 4 | $0 |
Victor Tomassini Tresurer | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $742,792 |
| All other contributions, gifts, grants, and similar amounts not included above | $319,797 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,062,589 |
| 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 | $1,062,589 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $49,035 |
| 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 | $644,850 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,234 |
| Payroll taxes | $0 |
| Fees for services: Management | $54,700 |
| 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 | $40,422 |
| Advertising and promotion | $12,090 |
| Office expenses | $7,774 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,968 |
| Travel | $10,002 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,491 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $21,940 |
| All other expenses | $0 |
| Total functional expenses | $927,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,808 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $673,508 |
| 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 | $20,984 |
| Net Land, buildings, and equipment | $526 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $727,826 |
| Accounts payable and accrued expenses | $268,260 |
| 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 | $133,418 |
| Other liabilities | $77,263 |
| Total liabilities | $478,941 |
| Net assets without donor restrictions | $248,885 |
| 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 | $727,826 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southwestern Educational Society Inc Mayaguez, PR | $5,295,837 | $2,244,538 |
Asociacion Fomento Educativo Inc Guaynabo, PR | $9,694,411 | $967,430 |
Centro Para Emprendedores Inc Caguas, PR | $727,826 | $1,062,589 |
Centro De Estudiante Y Maestro Investigador Corp Manati, PR | $426,553 | $693,273 |
Asociacion Para La Educacion Integral Inc San Juan, PR | $249,950 | $734,858 |
Asociacion De Ejecutivos De Cooperativas De Puerto Rico Inc San Juan, PR | $574,521 | $434,163 |
Centro De Orientacion Y Accion Social Inc Vega Alta, PR | $267,929 | $372,729 |
Hispanic Educational Technology Services Inc San Juan, PR | $139,175 | $285,877 |
Proyecto 85 Inc san juan, PR | $7,081 | $0 |
Friends Of@san Juan National Historic Site Inc San Juan, PR | $132,342 | $0 |
Perspective Education Services Mayaguez, PR | $0 | $0 |