Instituto De Competitividad Y Sostenibilidad Economica De Puerto is located in San Juan, PR. The organization was established in 2017. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Instituto DE Competitividad Y Sostenibilidad Economica DE Puerto 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, Instituto DE Competitividad Y Sostenibilidad Economica DE Puerto generated $307.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $217.7k during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT EDUCATIONAL ACTIVITI UNDER SECTION 501C3 OF THE IRS AND PARTICIPATE IN ACTIVITIES AND ALLIANCES THAT FOSTER SOCIOECONOMIC WELL BEING IN PUERTO RICO
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION STUDIED THE ISLAND ENERGY SYSTEM PUBLISHED RESULTS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ramon A Sanche Executive Dire | Officer | 40 | $0 |
Jose E Rosi President | Trustee | 8 | $0 |
Jose E Fernand Director | Trustee | 1 | $0 |
Waleska Rivera Treasurer | Trustee | 1 | $0 |
Juan A Larrea Director | Trustee | 1 | $0 |
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 | $239,000 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $239,000 |
Total Program Service Revenue | $0 |
Investment income | $85 |
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 | $307,871 |
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. | $5,000 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $61,698 |
Fees for services: Accounting | $46,115 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $22,910 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
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 | $465 |
Insurance | $970 |
All other expenses | $0 |
Total functional expenses | $217,714 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $264,933 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $33,500 |
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 | $0 |
Total assets | $298,433 |
Accounts payable and accrued expenses | $269,712 |
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 | $269,712 |
Net assets without donor restrictions | $28,721 |
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 | $298,433 |
Over the last fiscal year, we have identified 3 grants that Instituto De Competitividad Y Sostenibilidad Economica De Puerto has recieved totaling $7,500.
Awarding Organization | Amount |
---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $2,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $2,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $2,500 |
Organization Name | Assets | Revenue |
---|---|---|
Foundation For Puerto Rico Inc San Juan, PR | $4,538,825 | $7,478,799 |
Asociacion Pro Juventud Y Comunidad De Barrio Palmas Inc Catano, PR | $731,312 | $1,497,256 |
Centro Para La Reconstruccion Del Habitar Aguas Buenas, PR | $239,863 | $598,480 |
Producir Inc Una Corp De Desarrollo Comunal Y Econ Para Cubuy Y Lomas Canovanas, PR | $928,373 | $322,101 |
Mujeres De Islas Inc Culebra, PR | $185,351 | $301,348 |
Instituto De Competitividad Y Sostenibilidad Economica De Puerto San Juan, PR | $298,433 | $307,871 |
Sabana Grande Community And Economic Development Sabana Grande, PR | $30,232 | $164,080 |
Cambio Pr Inc San Juan, PR | $148,046 | $0 |
Taller Comunidad La Goyco Inc San Juan, PR | $2,792,182 | $166,089 |
Victus Puerto Rico Inc Ponce, PR | $8,922 | $165,437 |
Comite Desarrollo Social Y Cultural Daguao Inc Naguabo, PR | $534,464 | $80,776 |
Ciudad Mistica Inc Sabana Grande, PR | $15,612,571 | $141,376 |