Centro De Economia Creativa Inc
- Assets
- $4.1m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 7
- Location
- San Juan, PR
- Founding
- Data as of
- 12/2021
- EIN
- 66-0943858
Organization Overview
Centro De Economia Creativa Inc is located in San Juan, PR. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Centro DE Economia Creativa Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centro DE Economia Creativa Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THIS ORGANIZATION IS ORGANIZED TO PROVIDE SUPPORT TO THE NON-PROFIT SECTOR AND SOCIAL ENTERPRISES THROUGH EDUCATIONAL TOOLS MANAGEMENT SERVICES AND IDENTIFICATION OF RESOURCES FOR THEIR SUSTAINABILITY. IT AIMS TO PROVIDE MANAGEMENT AND TRAINING SUPPORT TO COMMUNITY-BASED PROJECTS THAT SEEK TO GENERATE ECONOMIC SOCIAL OR CULTURAL TRANSFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR 2021 THE CEC WILL MATERIALIZE THE OFFER OF SERVICES TO THE CULTURAL ARTISTIC AND CREATIVE SECTOR OF PUERTO RICO. THROUGH THE NIDO CULTURAL PROGRAM 42 ORGANIZATIONS COLLECTIVES AND ARTISTS WERE IMPACTED. THE SUM OF THE MANAGEMENT SERVICES OFFERED TO THE PARTICIPANTS AMOUNTS TO $235,305.20. ANOTHER IMPORTANT PIECE OF INFORMATION ABOUT THE IMPACT IS THE OFFERING OF SERVICES TO PARTICIPANTS OUTSIDE OF SJ CONTRIBUTING TO DECENTRALIZATION. MANAGING TO OFFER SERVICES EVEN TO THE MUNICIPAL ISLANDS OF THE PUERTO RICAN ARCHIPELAGO. SIMILARLY DATA RELATED TO THE SECTOR WAS GENERATED EDUCATIONAL WORKSHOPS WERE OFFERED AND A SPACE WAS PROVIDED ON SOCIAL NETWORKS THROUGH WHICH TO DISCUSS THE CHALLENGES OF THE SECTOR. FINALLY AS PART OF THE SERVICES TO THE MUSIC SECTOR A VIRTUAL CONCERT BY ARTIST HENRY COLE WAS HELD WHICH WAS BROADCAST LIVE FOR THE ENJOYMENT OF THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Siri Y Rolon Rivera Director | Trustee | 40 | $36,300 |
Javier J Hernandez Acosta Founder Director | Trustee | 18 | $24,750 |
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 | $4,244,818 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,244,818 |
| Total Program Service Revenue | $3,565 |
| 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 | $4,248,383 |
| 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. | $61,050 |
| Compensation of current officers, directors, key employees. | $6,105 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,700 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,177 |
| Fees for services: Management | $58,847 |
| 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 | $0 |
| Advertising and promotion | $625 |
| Office expenses | $3,223 |
| 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 | $0 |
| Insurance | $750 |
| All other expenses | $0 |
| Total functional expenses | $246,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,046,272 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,628 |
| 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 | $4,050,900 |
| Accounts payable and accrued expenses | $28,126 |
| 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 | $17,077 |
| Total liabilities | $45,203 |
| Net assets without donor restrictions | $4,005,697 |
| 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 | $4,050,900 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Centro De Economia Creativa Inc has recieved totaling $8,535,500.
| Awarding Organization | Amount |
|---|---|
Andrew W Mellon Foundation New York, NY PURPOSE: TO SUPPORT AN INITIATIVE TO STABILIZE AND STRENGTHEN CONTEMPORARY ARTISTS AND ARTIST-CENTERED ORGANIZATIONS ACROSS PUERTO RICO | $4,500,000 |
Andrew W Mellon Foundation New York, NY PURPOSE: TO SUPPORT AN INITIATIVE TO STABILIZE AND STRENGTHEN CONTEMPORARY ARTISTS AND ARTIST-CENTERED ORGANIZATIONS ACROSS PUERTO RICO | $3,500,000 |
Andrew W Mellon Foundation New York, NY PURPOSE: TO SUPPORT THE DEVELOPMENT OF NIDO CULTURAL, A PLATFORM TO SUPPORT SHARED SERVICES FOR ARTISTIC AND CULTURAL PRODUCTION IN PUERTO RICO, DESIGNED AND IMPLEMENTED BY INVERSION CULTURAL | $250,000 |
Organization Name not Listed PURPOSE: IMPROVE THE QUALITY OF LIFE OF VULNERABLE POPULATIONS. | | $180,000 |
Andrew W Mellon Foundation New York, NY PURPOSE: TO SUPPORT THE MAPPING OF CULTURAL AND ARTISTIC ACTIVITY IN PUERTO RICO | $105,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hospital Menonita Caguas Inc Cidra, PR | $169,418,501 | $113,843,157 |
Salud Integral En La Montana Inc Naranjito, PR | $119,086,273 | $106,337,219 |
Migrant Health Center Mayaguez, PR | $87,969,112 | $107,297,310 |
Hospital De La Concepcion Inc San German, PR | $118,926,388 | $92,905,006 |
Hospital Damas Inc Ponce, PR | $56,244,610 | $73,414,103 |
Presbyterian Community Hospital Inc San Juan, PR | $49,406,530 | $70,919,559 |
Pontifical Catholic University Of Puerto Rico Ponce, PR | $161,066,580 | $97,269,712 |
Cossma Inc Cidra, PR | $107,333,150 | $66,362,775 |
Neomed Center Inc Gurabo, PR | $65,808,264 | $60,486,712 |
Hospital Menonita Guayama Inc Cidra, PR | $149,499,387 | $86,573,108 |
Hpm Foundation Inc San Juan, PR | $29,670,863 | $56,807,836 |
Ryder Memorial Hospital Inc Humacao, PR | $33,920,487 | $48,860,156 |