EIN 66-0776227

Foundation for Puerto Rico

IRS 501(c) type
501(c)(3)
Num. employees
39
Year formed
2011
Most recent tax filings
2023-12-01
Description
Foundation for Puerto Rico, Inc. (FPR) works with a defined plan to develop Puerto Rico's social and economic potential and transform it into an important competitor in the world.
Total revenues
$4,333,453
2023
Total expenses
$4,622,360
2023
Total assets
$5,529,867
2023
Num. employees
39
2023

Program areas at Foundation for Puerto Rico

Resiliency initiatives - supports the rebuilding and recovery efforts of the island through participatory planning processes, resiliency donations, educational tools and materials, technical assistance, and inspiration to a new generation of resilient communities that will be prepared to survive and thrive in the face of unforseen adversity.
Policy, research, and innovation initiatives - drive innovation through policy and research, sharing knowledge and best practices, and developing strategies in collaboration with partners to address critical challenges and opportunities affecting our communities, with the main goal of bringing growth and transformation to Puerto Rico's economy. Seeks to implement innovative and strategic innitiative through the center of strategic innovation.
Economic development initiatives - includes the implementation of economic development strategies in the communities of Puerto Rico while maximizing our assets. Also, working on strengthening the third sector, entrepreneurial and business ecosystems, and social capital in general. All from the "bottom up".
Scalling up for innovation - supports and collaborates to build the capacity of non-profit organizations so they may innovate, become competitive, and take advantage of global opportunities.

Grants made by Foundation for Puerto Rico

GranteeGrant descriptionAmount
Peter Alfond FoundationGrant Reinbursement$50,972

Who funds Foundation for Puerto Rico

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Puerto Rico Hurricane Relief Foundation CorporationAssistance To Hurricane Victims$30,000
Radio Ambulante StudiosHurricane Relief$16,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$12,250
...and 4 more grants received

Personnel at Foundation for Puerto Rico

NameTitleCompensation
Jon BorschowFounder , Chairman and Chief Executive Officer
Annie MayolBoard Member$175,389
Damaris Ocasio NievesChief Financial Officer$161,605
Alma FronteraVice President of Operations and Programs$104,402
Alexandra LugaroExecutive Director , Center for Strategic Innovation$142,142
...and 19 more key personnel

Financials for Foundation for Puerto Rico

RevenuesFYE 12/2023
Total grants, contributions, etc.$4,136,379
Program services$0
Investment income and dividends$36,421
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$28,775
Net gain from sale of non-inventory assets$49,254
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$82,624
Total revenues$4,333,453

Form 990s for Foundation for Puerto Rico

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122023-01-31990View PDF
2020-122021-11-12990View PDF
2019-122021-03-26990View PDF
2018-122020-01-23990View PDF
...and 6 more Form 990s

Organizations like Foundation for Puerto Rico

OrganizationLocationRevenue
Opportunities for Williamson & Burnet Counties (WBCO)Georgetown, TX$15,879,043
CouleecapWestby, WI$11,968,523
Community Action of Rock and Walworth CountiesBeloit, WI$9,455,613
Foundation for Delaware County (CCF)Media, PA$12,279,556
Black Leaders DetroitDetroit, MI$2,083,363
Citizens Committee for New York CityNew York, NY$3,021,431
Dolores C Huerta FoundationBakersfield, CA$9,709,779
Lake Avenue FoundationPasadena, CA$1,380,497
Belfast Area Chamber of CommerceBelfast, ME$2,204,916
Forest Grove FoundationForest Grove, OR$2,527,014
Data update history
November 22, 2024
Updated personnel
Identified 4 new personnel
January 5, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 4, 2024
Updated personnel
Identified 2 new personnel
December 31, 2023
Received grants
Identified 2 new grant, including a grant for $40,000 from National Association for Latino Community Asset Builders
December 28, 2023
Received grants
Identified 8 new grant, including a grant for $1,695,000 from Direct Relief
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsCharities
Issues
Community improvement
Characteristics
Political advocacyFundraising eventsState / local levelFundraising races, competitions, and tournamentsTax deductible donationsAccepts online donations
General information
Address
PO Box 364029
San Juan, PR 00936
Metro area
San Juan-Bayamon-Caguas, PR
County
San Juan Municipio, PR
Website URL
foundationforpuertorico.org/en/ 
Phone
(787) 773-1100
IRS details
EIN
66-0776227
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2011
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S20: Community, Neighborhood Development, Improvement
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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