Resilient Power Puerto Rico Inc
- Assets
- $372.5k
- Revenue
- $300.0k
- Investments
- $0.0
- Employees
- 1
- Location
- San Juan, PR
- Founding
- 05/2019
- Data as of
- 09/2020
- EIN
- 82-3433115
Organization Overview
Resilient Power Puerto Rico Inc is located in San Juan, PR. The organization was established in 2019. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, 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. Resilient Power 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 09/2020, Resilient Power Puerto Rico Inc generated $300.0k 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 (28.5%) each year. All expenses for the organization totaled $230.8k during the year ending 09/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO BRING ENERGY RESILIENCY AND BUILD SUSTAINABLE COMMUNITIES IN REGIONS OF PUERTO RICO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR THE ORGANIZATION CONTINUED WORKING ON PROJECTS FOR THE INSTALLATION OF PHOTOVOLTAIC PANELS AND SOLAR BATTERIES TO PROVIDE SOLAR POWER GENERATION TO ORGANIZATIONS AND COMMUNITIES IN UNDER-PRIVILEDGED AREAS OF PUERTO RICO.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jose Juan Terrasa Secretary | OfficerTrustee | 25 | $0 |
Cristina Roig Vice President & Treasurer | OfficerTrustee | 10 | $0 |
Jonathan Marvel President | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $300,002 |
| Investment income | $29 |
| 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 | $300,031 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $20,585 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,375 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,549 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,641 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $172,848 |
| Advertising and promotion | $450 |
| Office expenses | $50 |
| Information technology | $3,472 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,494 |
| 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 | $858 |
| Insurance | $1,134 |
| All other expenses | $0 |
| Total functional expenses | $230,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,128 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $243,731 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,282 |
| Prepaid expenses and deferred charges | $771 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $372,485 |
| Accounts payable and accrued expenses | $266,881 |
| Grants payable | $0 |
| Deferred revenue | $42,721 |
| 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 | $309,602 |
| 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 |
| Total liabilities and net assets/fund balances | $62,883 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Resilient Power Puerto Rico Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ayuda Legal Puerto Rico Inc San Juan, PR | $933,083 | $807,471 |
Viequeslove Vieques, PR | $252,477 | $254,976 |
Fundacion Triple-S Inc San Juan, PR | $2,191,340 | $90,783 |
Resilient Power Puerto Rico Inc San Juan, PR | $372,485 | $300,031 |
Asociacion De Communidades Unidas Tomando Accion Solidaria Inc Toa Baja, PR | $219,390 | $200,478 |
Sistema Organizado De Servicios De Puerto Rico Inc Mayaguez, PR | $3,158 | $0 |
Paciv Foundation Inc San Juan, PR | $4,864 | $40,500 |
Somebody Cares Puerto Rico Center Anasco, PR | $24,578 | $0 |
Fundacion Jeda Group Inc Ponce, PR | $0 | $0 |