Fundacion Comunitaria De Puerto Rico Servicios
- Assets
- $23.2k
- Revenue
- $230.0k
- Investments
- $0.0
- Employees
- 0
- Location
- San Juan, PR
- Founding
- Data as of
- 12/2022
- EIN
- 66-0971269
Organization Overview
Fundacion Comunitaria De Puerto Rico Servicios is located in San Juan, PR. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic 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. Fundacion Comunitaria DE Puerto Rico Servicios 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SOLAR ENERGY TO MARGINALIZED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CERI PURPOSE IS TO ENSURE THAT CRITICAL COMMUNITY FACILITIES SUCH AS EDUCATIONAL, HEALTH, AND ECONOMIC DEVELOPMENT COMMUNITY CENTERS, COMMUNITY-BASED ORGANIZATIONS AND BUSINESSES- CAN SUCCESSFULLY AND UNINTERRUPTEDLY OPERATE THROUGH AFFORDABLE RENEWABLE ENERGY SYSTEMS, EVEN AMID CATASTROPHIC NATURAL DISASTERS AND POWER BLACKOUTS, WHILE PROMOTING MORE EQUITABLE ACCESS TO THE RESOURCES NEEDED TO MEET THE 2050 GOAL OF A 100 PERCENT RENEWABLE ENERGY GRID IN PUERTO RICO. THE ESTABLISHMENT OF CERI WAS SUPPORTED BY A STUDY OF PUERTO RICO'S ENERGY INFRASTRUCTURE, CRITICAL FACILITIES, AND RENEWABLE ENERGY PUBLIC POLICIES. SOME KEY HIGHLIGHTS OF THESE STUDY FINDINGS DEFINE AND DETERMINE CERI SCOPES AND STRATEGIES ARE PUERTO RICO IS GEOGRAPHICALLY EXPOSED TO SEVERE HURRICANES AND SEISMIC ACTIVITY. PUERTO RICO HAS A VERY FRAGILE AND OUTDATED ENERGY SYSTEM. POWER INTERRUPTIONS OF UP TO 11 MONTHS WERE EXPERIENCED AFTER HURRICANE MARIA 2017. WITHIN AND WITHOUT DISASTERS, THE CENTRAL RURAL MOUNTAINOUS AREA AND ITS MOSTLY LOW-INCOME RESIDENTS ARE CONSTANTLY VULNERABLE AND SUSCEPTIBLE TO ENERGY BLACKOUTS. DESPITE AN AVALANCHE OF FEDERAL RECOVERY FUNDS, MANY OBSTACLES COMBINE TO OBSTRUCT AND DELAY EFFECTIVE LONG-TERM SOLUTIONS TO THE GENERALIZED ENERGY VULNERABILITY. FINANCIAL INSTITUTIONS CONSIDER LOW TO MODERATE-INCOME COMMUNITIES AND THEIR NON-PROFIT CRITICAL SERVICE PROVIDERS AS HIGH RISK BORROWERS. THE ESTABLISHMENT OF MICROGRIDS IS AN EXPENSIVE PROPOSITION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nelson I Colon Director | Trustee | 2 | $0 |
David Haddock Dominguez Vice President | Trustee | 8 | $0 |
Antonio Escudero Presidente | Trustee | 2 | $0 |
Marta Elsa Fernandez Director | Trustee | 2 | $0 |
Aida Torres Cruz Secretary | Trustee | 2 | $0 |
Benjamin Rosario Rosario Treasurer | Trustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $230,000 |
| 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 | $230,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $3,650 |
| Advertising and promotion | $386 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $209,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,161 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,161 |
| Accounts payable and accrued expenses | $3,139 |
| 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 | $3,139 |
| Net assets without donor restrictions | $20,022 |
| 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 | $23,161 |