EIN 66-0776227

Foundation for Puerto Rico

IRS 501(c) type
501(c)(3)
Num. employees
76
City
Puerto Rico
State
Year formed
2011
Most recent tax filings
2022-12-01
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
$6,329,800
2022
Total expenses
$4,635,720
2022
Total assets
$5,842,849
2022
Num. employees
76
2022

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.

Who funds Foundation for Puerto Rico

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Direct ReliefAbbvie PR Energy Projects$1,695,000
Schultz Family FoundationFurther Charitable Goals$40,000
National Association for Latino Community Asset BuildersEquitable Neighborhood Development$40,000
...and 8 more grants received

Personnel at Foundation for Puerto Rico

NameTitleCompensation
Jon BorschowChairman 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
Ana Maria LopezVice President of Marketing and Communications / Vice President Marketing$124,815
...and 24 more key personnel

Financials for Foundation for Puerto Rico

RevenuesFYE 12/2022
Total grants, contributions, etc.$6,269,516
Program services$0
Investment income and dividends$12,958
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$4,120
Net gain from sale of non-inventory assets$13,926
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$29,280
Total revenues$6,329,800

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
Data update history
January 5, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 4, 2024
Updated personnel
Identified 2 new personnel
December 28, 2023
Received grants
Identified 8 new grant, including a grant for $1,695,000 from Direct Relief
June 21, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 19, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsCharities
Issues
Community improvement
Characteristics
Political advocacyFundraising eventsTax deductible donations
General information
Address
PO Box 364029
Puerto Rico, 00000
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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