Roca-Sanchez Charitable Foundation Inc
- Assets
- $344.4k
- Revenue
- $18.5k
- Investments
- $319.5k
- Employees
- 0
- Location
- San Juan, PR
- Founding
- 08/2019
- Data as of
- 12/2022
- EIN
- 83-2097276
Organization Overview
Roca-Sanchez Charitable Foundation Inc is located in San Juan, PR. The organization was established in 2019. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roca-Sanchez Charitable Foundation 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 12/2022, Roca-Sanchez Charitable Foundation Inc generated $18.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (52.1%) each year. All expenses for the organization totaled $33.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE CORPORATION IS TO ENGAGE IN ANY LAWFUL ACT OR ACTIVITY FOR WHICH CORPORATIONS MAY BE FORMED UNDER THE GENERAL CORPORATION LAW OF DELAWARE. THIS CORPORATION IS ORGANIZAED EXCLUSIVELY FOR ONE OR MORE PURPOSES ARE SPECIFIED IN SECTION 501(C)(3) OF THE US INTERNAL REVENUE CODE AND SECTION 1101.01(A)(2)(A) OF THE PUERTO RICO INTERNAL REVENUE CODE, INCLUDING, FOR SUCH PURPOSES,THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3)OF THE US INTERNAL REVENUE CODE AND SECTION 1101.01(A)(2)(A) OF THE PUERTO RICO INTERNAL REVENUE CODE, OR TO MAKE CONTRIBUTIONS TO OTHER ENTITIES OR INDIVIDUALS, AS MAY BE PERMITTED BY SAID SECTIONS, FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia M Sanchez President | 0 | $0 | |
Vanessa Del Carmen Irizarry Lozada Secretary | 0 | $0 | |
Lizzie Rosso Tridas Vice-Preside | 0 | $0 | |
Guillermo Hernandez Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| Interest on Savings | $3,520 |
| Dividends & Interest | $2,508 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$12,662 |
| Capital Gain Net Income | $31 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $84 |
| Total Revenue | $18,450 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $600 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,463 |
| Total operating and administrative expenses | $8,233 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $33,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,894 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $319,530 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $344,424 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mcs Foundation Inc San Juan, PR | $999,846 | $1,418,336 |
James And Barbara Cimino Foundation Inc San Juan, PR | $21,951,743 | $613,538 |
Scaramella Faith Foundation Inc Rio Grande, PR | $2,166,599 | $2,013,797 |
Harvey Foundation Inc San Juan, PR | $3,288,172 | $95,600 |
Marie And Paul Napoli Foundation Dorado, PR | $444,705 | $39,003 |
Roca-Sanchez Charitable Foundation Inc San Juan, PR | $344,424 | $18,450 |
Miranda Foundation San Juan, PR | $0 | $2,028 |