2022 Act Foundation Inc
- Assets
- $2.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 1
- Location
- Dorado, PR
- Founding
- 04/2017
- Data as of
- 12/2021
- EIN
- 66-0823462
Organization Overview
2022 Act Foundation Inc is located in Dorado, PR. The organization was established in 2017. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 2022 Act Foundation 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, 2022 Act Foundation Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 23.6% per year over the past 4 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 2020, 2022 Act Foundation Inc has awarded 60 individual grants totaling $2,242,100. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION ALLOCATES MONETARY CONTRIBUTIONS TO CHARITIES DEALING WITH DIFFERENT CAUSES LIKE CHILDREN, ANIMAL CRUELTY, HUMAN WELL-BEING, AND SOCIAL DEVELOPMENT, AMONG OTHERS. THE ORGANIZATION ALSO EDUCATES THE PUBLIC ABOUT PUERTO RICO ACTS 20 AND 22 OF 2012 AND ACT 60 OF 2019, AS AMENDED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN WELL-BEING: GRANTS TO ORGANIZATIONS DEALING WITH CHILDREN AND YOUTH WELL-BEING, CARE, AND SOCIAL DEVELOPMENT. THE PURPOSE OF THESE GRANTS WAS TO SUPPORT ORGANIZATIONS WHOSE WORK PLAN DEALS WITH ADDRESSING SPIRITUAL NEEDS, COMMUNITY VOLUNTEERING, PROVIDE SHELTER, REFURBISHED COMPUTERS TO LOCAL SCHOOLS AND DISADVANTAGED COMMUNITIES, SUPPORTING LIBRARIES THAT PROVIDE LEARNING MATERIALS TO STUDENTS FROM DIFFERENT MUNICIPALITIES OF PUERTO RICO, SCHOLARSHIPS FOR HIGHER EDUCATION PROGRAMS TO LOW-INCOME STUDENTS, HOSPICE CARE TO CHILDREN VICTIMS OF DOMESTIC ABUSE, MASSIVE VACCINATION DRIVE CAMPAIGNS, AND CHILDREN'S HOSPITAL FACILITIES.
ANIMAL WELFARE: GRANTS TO NONPROFIT ORGANIZATIONS PROMOTING AND SAFEGUARDING THE WELFARE OF DOGS, CATS, HORSES, AND THE LOCAL BEE POPULATION. THE PURPOSE OF THESE GRANTS WAS TO SUPPORT EDUCATIONAL CAMPAIGNS IN THOSE AREAS, AS WELL AS SUPPORTING THE RESCUE, CARE, HEALING, AND ADOPTION OF STRAY DOGS AND CATS, AS WELL AS THE REHABILITATION OF HORSES AND THE CONSERVATION OF BEE POPULATIONS IN PUERTO RICO.
SOCIAL CAUSES: GRANTS TO NONPROFIT ORGANIZATIONS DEALING WITH DOMESTIC ABUSE AWARENESS, SHELTER, AND REHABILITATION OF THE HOMELESS AND THE ELDERLY. PROGRAMS THAT SUPPORT LOW-INCOME WOMEN WITH SEXUAL AND REPRODUCTIVE CARE AND TESTING. ALSO TO ORGANIZATIONS THAT UNDERTAKE MUSIC HEALING PROGRAMS, PROVIDE SHELTER, CARE, AND DEVELOP LOW-INCOME AND DISADVANTAGED YOUTH IN PUERTO RICO.
ADDITIONAL PROGRAM SERVICES INCLUDED GRANTS FOR ORGANIZATIONS TO OPERATE PROGRAMS RELATED TO LOCAL BEACH CLEANING ACTIVITIES, EDUCATION, PREVENTION, AND TREATMENT OF CANCER, SUPPORTING THE OPERATIONS OF THE MAIN TRAUMA HOSPITAL IN PUERTO RICO THAT TREATS EMERGENCIES THAT INVOLVE HIGH-RISK INJURIES, AND TO SUPPORT PROGRAMS OF ORGANIZATIONS THAT COVERED PSYCHOLOGICAL AND PHYSICAL NEEDS OF FAMILIES DURING NATURAL DISASTERS IN PUERTO RICO SUCH AS EARTHQUAKES AND HURRICANES, AND THE CORONAVIRUS PANDEMIC, AS WELL AS THE EMPOWERMENT OF WOMEN IN THE CONSTRUCTION WORK FIELD DEALING WITH HOUSING AFFECTED BY EARTHQUAKES AND NATURAL DISASTERS IN PUERTO RICO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jorge Kuilan Secretary And Treasurer | Officer | 32 | $62,157 |
Susan J Blasberg Member Of Board Of Directors | Officer | 5 | $0 |
Tara Rill Vice President | Officer | 0 | $0 |
Robert Bunn Member Of Board Of Directors | Officer | 0 | $0 |
Robb Rill President | Officer | 8 | $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 | $1,885,455 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,885,455 |
| Total Program Service Revenue | $0 |
| Investment income | $3 |
| 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 | $1,885,458 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,171,387 |
| 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. | $62,157 |
| Compensation of current officers, directors, key employees. | $62,157 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,087 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $79,700 |
| 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 | $1,800 |
| Advertising and promotion | $34,903 |
| Office expenses | $270 |
| Information technology | $15,183 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,932 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,476,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,236,368 |
| Savings and temporary cash investments | $2,558 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,490 |
| Total assets | $2,266,416 |
| Accounts payable and accrued expenses | $25,000 |
| 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 | $20,628 |
| Total liabilities | $45,628 |
| Net assets without donor restrictions | $0 |
| 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 | $2,220,788 |
| Total liabilities and net assets/fund balances | $2,266,416 |
Grants Awarded
Over the last fiscal year, 2022 Act Foundation Inc has awarded $1,146,387 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
San Juan, PR PURPOSE: General support | $138,887 |
Ponce, PR PURPOSE: General support | $105,000 |
San Juan, PR PURPOSE: General support | $100,000 |
Santurce, PR PURPOSE: Domestic abuse & shelter | $100,000 |
HOGAR MIS PRIMEROS PASOS PURPOSE: General support | $50,000 |
Caguas, PR PURPOSE: Homeless/elderly shelter | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that 2022 Act Foundation Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
For The Future Foundation Durango, CO PURPOSE: Economic Development | $40,000 |
For The Future Foundation Durango, CO PURPOSE: Economic Development | $30,000 |
Wiggins Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Wiggins Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Wiggins Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ponce Medical School Foundation Inc Ponce, PR | $11,600,859 | $25,661,618 |
Liga Puertorriquena Contra El Cancer San Juan, PR | $38,669,713 | $26,629,150 |
Universidad Central Del Caribe Inc Bayamon, PR | $35,289,249 | $27,377,681 |
Cooperativa De Ahorro Y Credito Oriental Humacao, PR | $433,041,205 | $23,460,952 |
Centros Sor Isolina Ferre Inc Ponce, PR | $22,315,489 | $16,849,878 |
Corp Serv Med Prim Y Prev De Hatillo Hatillo, PR | $36,236,018 | $21,541,946 |
Caribbean University Bayamon, PR | $48,412,485 | $17,932,008 |
Puerto Rico Legal Services Incorporated San Juan, PR | $18,895,657 | $19,069,485 |
Boys & Girls Clubs Of Puerto Rico Inc Carolina, PR | $20,563,847 | $15,690,113 |
Baldwin School Of Puerto Rico Inc Bayamon, PR | $21,469,124 | $15,474,261 |
Cooperative De Ahorro Y Credito De Barranquitas Barranquitas, PR | $321,931,771 | $17,940,942 |
Alianza Municipal De Servicios Caguas, PR | $4,966,942 | $12,673,262 |