Espacios Abiertos Puerto Rico Inc
- Assets
- $815.5k
- Revenue
- $473.3k
- Investments
- $0.0
- Employees
- 8
- Location
- San Juan, PR
- Founding
- Data as of
- 12/2023
- EIN
- 66-0927287
Organization Overview
Espacios Abiertos Puerto Rico Inc is located in San Juan, PR. According to its NTEE Classification (W24) the organization is classified as: Citizen Participation, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Espacios Abiertos Puerto Rico Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Espacios Abiertos Puerto Rico 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 12/2023, Espacios Abiertos Puerto Rico Inc generated $473.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.8% each year . All expenses for the organization totaled $1.2m 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
ESPACIOS ABIERTOS PUERTO RICO,INC WAS INCORPORATED IN 2019 TO BRING ABOUT LONG TERM SYSTEMIC CHANGE AND SOCIO-ECONOMIC JUSTICE IN PUERTO RICO
Describe the Organization's Program Activity:
Part 3 - Line 4a
FISCAL RESPONSABILITY AND ECONOMIC SECURITY - PROMOTE EQUITABLE BUDGETS AND TAX POLICIES THAT INVEST IN THE POOR AND WORKING PEOPLE; AND DEBT RESTRUCTURING THAT PROTECTS LOW-AND MIDDLE-INCOME COMMUNITIES.
CIVIL INFRASTRUCTURE, PARTICIPATION AND ENGAGEMENT- IN YHE SERVICE OF STRENGTHENING PUERTO RICOS SOCIAL INFRASTRUCTURE, THE ORGANIZATION AIMS TO BRING CITIZENS CLOSER TO THEIR GOVENRMENT SO THAT SOCIETY AS A WHOLE CAN IMPLEMENT CHANGE THAT WILL LEAD TOWARDS A MORE EQUITABLE SOCIETY. THE ORGANIZATION EDUCATES AND SOCIALIZES INFORMATION, WHILE IT BUILDS CIVIC CAPACITIES, TEACH BASIC ADVOCACY SKILLS AND FOSTER COLLABORATIONS THROUGH NETWORK AND COALITION BUILDING.
TRANSPARENCY AND GOVERNMENTAL ACCOUNTABILITY- TRANSPARENT, PARTICIPATORY AND ACCOUNTABLE FISCAL DECISION MAKING THAT REFLECT THE BEST INTEREST OF THE PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cecille Blondet Excecutive Director | OfficerTrustee | 40 | $126,000 |
Ginoris Lopez-Lay Member | Officer | 0.17 | $0 |
Juan E Rodriguez Former Chairperson | Officer | 2.92 | $0 |
Isabel Abislaiman Member | Officer | 0.17 | $0 |
William Lockwood Treasurer | Officer | 0.87 | $0 |
Daneris Fernandez Vice President | Officer | 0.92 | $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 | $467,578 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $467,578 |
| 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 | $473,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| 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. | $126,000 |
| Compensation of current officers, directors, key employees. | $63,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $444,560 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $49,086 |
| Fees for services: Management | $0 |
| 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 | $281,836 |
| Advertising and promotion | $132,195 |
| Office expenses | $37,552 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,404 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,942 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,525 |
| Insurance | $21,348 |
| All other expenses | $0 |
| Total functional expenses | $1,219,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $460,073 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,364 |
| 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 | $12,411 |
| Net Land, buildings, and equipment | $338,700 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $815,548 |
| Accounts payable and accrued expenses | $110,840 |
| 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 | $110,840 |
| Net assets without donor restrictions | $653,674 |
| Net assets with donor restrictions | $51,034 |
| 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 | $815,548 |
Grants Awarded
Over the last fiscal year, Espacios Abiertos Puerto Rico Inc has awarded $50,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COORDINADORA PAZ PARA LA MUJER PURPOSE: CARRY OUT ACTIVITIES | $25,000 |
INSTITUTO NUEVA ESCUELA PURPOSE: CARRY OUT ACTIVITIES | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cooperativa De Credito Cabo Rojo Cabo Rojo, PR | $325,992,664 | $22,910,793 |
Cooperativa De Ahorro Y Credito Camuy Camuy, PR | $320,383,128 | $20,587,482 |
Cooperativa De Ahorro Y Credito De Isabela Isabela, PR | $359,459,273 | $14,103,746 |
Cooperativa La Sagrada Familia Corozal, PR | $278,709,926 | $18,355,245 |
Cooperativa De Ahorro Y Credito Dr M Zeno Gandia Arecibo, PR | $275,358,165 | $16,104,186 |
Cooperativa De Ahorro Y Credito San Rafael De Que Quebradillas, PR | $226,668,640 | $20,006,028 |
Cooperative De Ahorro Y Credito De Lare Lares, PR | $222,090,136 | $15,865,234 |
Cooperativa De Ahorro Y Credito De Manati Inc Manati, PR | $217,103,471 | $12,946,475 |
Cooperativa De Ahorro Y Credito Maunabo Maunabo, PR | $235,618,166 | $16,255,291 |
Cooperative Ahorro Y Credito De Aguadilla Aquadilla, PR | $148,392,243 | $8,169,219 |
Cooperativa De Ahorro Y Credito Hatillo Hatillo, PR | $149,166,933 | $7,701,719 |
Cooperativa Ahorro Y Credito Pepiniana San Sebastian, PR | $116,485,705 | $5,412,427 |
Cooperativa De Ahorro Y Credito Morovena Morovis, PR | $105,307,292 | $8,648,954 |