Puerto Rico Youth Development Foundation Inc
- Assets
- $404.1k
- Revenue
- $226.8k
- Investments
- $0.0
- Employees
- 0
- Location
- San Juan, PR
- Founding
- Data as of
- 12/2023
- EIN
- 66-0897067
Organization Overview
Puerto Rico Youth Development Foundation Inc, operating under the name First Tee - Puerto Rico, is located in San Juan, PR. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Tee - Puerto Rico 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 12/2023, First Tee - Puerto Rico generated $226.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $210.7k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A PROGRAM OF PERSONAL GROWTH FOR YOUTH BY INTEGRATING THE GAME OF GOLF WITH CHARACTER DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUERTO RICO YOUTH DEVELOPMENT FOUNDATION INC. ENABLES KIDS TO BOULD THE STRENGTH OF CHARACTER THAT EMPOWERS THEM THROUGH A LIFETIME OF NEW CHALLENGES. BY SEAMLESSLY INTEGRATING THE GAME OF GOLF WITH A LIFE SKILLS CURRICULUM, WE CREATE ATIVE LEARNING EXPERIENCES THAT BUILD INNER STRENGTH, SELF-CONFIDENCE, AND RESILIENCE THAT KIDS CAN CARRY TO EVERYTHING THEY DO. WERE BUILDING GAME CHANGERS THROUGH OUR JUNIOR GOLF PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wesley J Farrel President | OfficerTrustee | 7.5 | $0 |
Rebeka Alfond Vice President | OfficerTrustee | 1.5 | $0 |
Matt Prober Secretary | OfficerTrustee | 1.5 | $0 |
Fernando Herrera Treasurer | OfficerTrustee | 1.5 | $0 |
Christopher Hamm Board Member | OfficerTrustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Na | 12/30/21 | $0 |
Na | 12/30/21 | $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 | $224,565 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $224,565 |
| 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 | $226,801 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,014 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,758 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,525 |
| Fees for services: Accounting | $18,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,500 |
| Advertising and promotion | $17,778 |
| Office expenses | $4,962 |
| Information technology | $3,015 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $44 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,786 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,705 |
| Insurance | $851 |
| All other expenses | $0 |
| Total functional expenses | $210,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $391,108 |
| Savings and temporary cash investments | $0 |
| 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 | $2,519 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,518 |
| Total assets | $404,145 |
| Accounts payable and accrued expenses | $10,855 |
| 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 | $10,855 |
| 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 | $393,290 |
| Total liabilities and net assets/fund balances | $404,145 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aspira Inc De Puerto Rico San Juan, PR | $4,855,732 | $4,962,802 |
Boxing Bullies Inc San Juan, PR | $29,031 | $218,912 |
Puerto Rico Youth Development Foundation Inc San Juan, PR | $404,145 | $226,801 |
Lee Conmigo Inc Guaynabo, PR | $71,401 | $0 |
Una-Usa Pr Chapter Inc Guaynabo, PR | $7,426 | $0 |
El Programa De Enlace Y Servicio Comunitario De Aguadilla Inc Aguadilla, PR | $239,907 | $243,887 |
Robinson Chirinos Foundation Coto Laurel, PR | $0 | $0 |