Liberty Cablevision Puerto Rico Foundation Inc
- Assets
- $403.1k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- San Juan, PR
- Founding
- 11/2017
- Data as of
- 12/2022
- EIN
- 66-0883350
Organization Overview
Liberty Cablevision Puerto Rico Foundation Inc is located in San Juan, PR. The organization was established in 2017. According to its NTEE Classification (M12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liberty Cablevision Puerto Rico 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 12/2022, Liberty Cablevision Puerto Rico Foundation Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $1.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Liberty Cablevision Puerto Rico Foundation Inc has awarded 163 individual grants totaling $3,704,428. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LIBERTY FOUNDATION GOLF INVITATIONAL IS THE FOUNDATION'S KEY FUNDRAISING EVENT. THE TOURNAMENT HAS BEEN RAISING FUNDS FOR COMMUNITY ORGANIZATIONS IN PUERTO RICO SINCE 1996, WHEN IT RAISED $19,000 FOR THE HOGAR SAN JOSE IN LUQUILLO. SINCE THEN, THE EVENT HAS RAISED OVER $4 MILLION FOR NONPROFIT ORGANIZATIONS THROUGHOUT THE ISLAND, INCLUDING THIS YEAR'S DONATION. IN 2022, THE EVENT INCLUDED A RECORD-BREAKING DONATION OF $650,000 FOR 36 NONPROFIT ORGANIZATIONS IN PUERTO RICO AND THE UNITED STATES VIRGIN ISLANDS.
THE FOUNDATION INCURRED EXPENSES FOR A VARIETY OF EVENTS FOR CHARITABLE PURPOSES, INCLUDING A GRADUATION CELEBRATION FOR THE SOCIETY OF WOMEN CODERS, A SPECIAL EDUCATIONAL CONFERENCE FREE OF CHARGE TO ATTENDEES, A RECREATIONAL ACTIVITY HELD FOR PARTICIPANTS OF NINOS DE NUEVA ESPERANZA, AND RENTAL OF A REFRIGERATED TRUCK FOR ICE DELIVERY TO THOSE AFFECTED BY HURRICANE FIONA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | 1 | $0 | |
Name Not Listed Vice President | 1 | $0 | |
Name Not Listed Treasurer | 1 | $0 | |
Name Not Listed Secretary | 1 | $0 | |
Name Not Listed Assistant Secretary | 1 | $0 | |
Name Not Listed Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,215,207 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,215,207 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $90,780 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,348 |
| Printing and publications | $0 |
| Other expenses | $411,241 |
| Total operating and administrative expenses | $557,245 |
| Contributions, gifts, grants paid | $1,343,547 |
| Total expenses and disbursements | $1,900,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $403,112 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $403,112 |
| Accounts payable and accrued expenses | $322,618 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $21,306 |
| Total liabilities | $343,924 |
Grants Awarded
Over the last fiscal year, Liberty Cablevision Puerto Rico Foundation Inc has awarded $1,343,547 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
ASOCIACION PARA LA SUPERACION DEL NINO CON SINDROME DOWN PURPOSE: PROVIDE SUPPORT AND PREPARE PARTICIPANTS WITH DOWN SYNDROME WITH INDEPENDENT LIVING TOOLS. | $1,000 |
BOYS & GIRLS CLUBS DE PUERTO RICO PURPOSE: AFTER SCHOOL SERVICES FOR CHILDREN FROM VULNERABLE COMMUNITIES. | $25,000 |
CASA DE NIOS MANUEL FERNNDEZ JUNCOS PURPOSE: REMODELING OF THE POOL AREA BATHROOMS TO BE USED BY PARTICIPANTS. | $25,000 |
CASA FAMILIAR VIRGILIO DVILA PURPOSE: TUTORING SERVICES AND SPECIAL ACTIVITIES FOR CHILDREN AND YOUNG PEOPLE OF THE VIRGILIO DAVILA RESIDENTIAL. | $15,000 |
CENTRO PARA RENOVACIN ECONMICA CRECIMIENTO Y EXCELENCIA (CRECE) PURPOSE: LEMONADE DAY PR, AN ENTREPRENEURSHIP DEVELOPMENT PROGRAM FOR KIDS. | $5,000 |
CENTROS SOR ISOLINA FERR PURPOSE: PLANTING AND SEEDING PROGRAM "MANOS QUE SIEMBRAN" FOR PARTICIPANTS WITH DISABILITIES. | $85,000 |