EIN 66-0831873

Fundacion Luis G Fortuno

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2016
Most recent tax filings
2022-12-01
Description
The Organization's mission is to cultivate pro-Market Solutions that promote self-reliance and growth in individuals. The Foundation's most significant activity to date is Lemonade Day that is meant to promote Licensed Youth Entrepeneurship to teach kids planning and operations for their own businesses using Lemonade Stands.
Also known as...
Crece
Total revenues
$569,457
2022
Total expenses
$608,074
2022
Total assets
$319,337
2022
Num. employees
0
2022

Program areas at Fundacion Luis G Fortuno

The Largest program hosted by the Foundation is Lemondade Day. Youths are taught how to properly license themselves, plan and operate a business using Lemonade Stands as a stand-in model to help kids visualize and understand. The program is not meant to generate income, it is an educational activity only.
PR Crece is an Initiative that promotes open discussions to debate and consider solutions to poverty in an open economy. More than 700 individuals, mostly university and high school students, have participated in these discussions, which are set around special presentations of the award- winning documentary, Poverty, S.A.
Economic Freedom Index is a data-driven, objective research project that applies guidelines established by The Heritage Foundation to analyze the level of economic freedom in Puerto Rico and compare it to other jurisdictions
The Speaker Series is a program where we offer talks and forums about economic development, education, labor market, and other related topics. Our objective is to give students access to special resources and topics that contribute to their intellectual development and success in the labor market. Forums are Free of charge and open to the general public and members of the media.
Global Perspective is a monthly publication that provides Global perspective of socioeconomic topics to help the public better understand the causes and solutions to Puerto Rico's economic Crisis/ Each issue analyzes social and economic strategies in other jurisdictions aimed at expanding prosperity and how such solutions could be applicable to Puerto Rico's current situation
Competitiveness Toolkit research-based publication that measures the impact of policy change to improve competitiveness. In addition to the publication of the report, the program features in-person and virtual events and the development and implementation of a social media campaign to educate the public on the report's findings and recommendations.
Biblioteca Siglo XXI - the archives and library of former Governor of Puerto Rico Luis G. Fortuo. CRECE maintains the archives of the former Governor, including preservation and organization of official documents that are made available to the public through exhibits,special events and research activities.
Portraits of Prosperity - new program directed at high school and university students to showcase the value of entrepreneurship in communities through the visual arts. Program consists of a photography contest and exhibit to illustrate the stories of Puerto Rican entrepreneurs. Development of the program occurred during 2021 with implementation scheduled for 2022. CRECE was awarded a grant from Atlas Network at the end of 2021 to launch the program in 2022.

Who funds Fundacion Luis G Fortuno

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Glenn Greenbeg and Linda Vester FoundationCharitable$150,000
Atlas NetworkEconomic Education$26,700
AmazonSmile FoundationGeneral Support$52

Personnel at Fundacion Luis G Fortuno

NameTitleCompensation
Luis G FortunoPresident$0

Financials for Fundacion Luis G Fortuno

RevenuesFYE 12/2022
Total grants, contributions, etc.$569,175
Program services$0
Investment income and dividends$282
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$569,457

Form 990s for Fundacion Luis G Fortuno

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-08990View PDF
2021-122023-02-15990View PDF
2019-122021-02-19990View PDF
2018-122019-11-12990EZView PDF
2017-122019-11-12990EZView PDF
...and 2 more Form 990s

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Data update history
January 1, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 1, 2024
Updated personnel
Identified 1 new personnel
June 19, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 16, 2023
Updated personnel
Identified 1 new personnel
June 12, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Social advocacy organizationsBusiness and community development organizationsCharities
Issues
Community improvement
Characteristics
Receives government fundingTax deductible donationsNo full-time employees
General information
Address
PO Box 190913
San Juan, PR 00919
Metro area
San Juan-Bayamon-Caguas, PR
County
San Juan Municipio, PR
Phone
(787) 766-1717
IRS details
EIN
66-0831873
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2016
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S01: Community Improvement and Capacity Building Alliances and Advocacy
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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