INVEST PUERTO RICO INC: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- INVEST PUERTO RICO INC (EIN 66-0891535)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2026-05-14
- IRS object ID
- 202641349349302729
- Schema version
- 2024v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-14T10:06:07-04:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 660388756 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM PUERTO RICO | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 10528 | AddressLine1Txt |
| City | SAN JUAN | CityNm |
| State Abbreviation | PR | StateAbbreviationCd |
| ZIP | 009220528 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 660891535 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INVEST PUERTO RICO INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | INVE | BusinessNameControlTxt |
| Phone | 7876495713 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 CONVENTION BLVD THE HUB STE 301 | AddressLine1Txt |
| City | SAN JUAN | CityNm |
| State Abbreviation | PR | StateAbbreviationCd |
| ZIP | 00907 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ASTRID NAVARRO | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 7876495713 | PhoneNum |
| Signature | 2026-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RAFAEL DE ROJAS SANCHEZ | PreparerPersonNm |
| PTIN | P01034935 | PTIN |
| Phone | 7877516164 | PhoneNum |
| Preparation | 2026-05-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SEBASTIAN NEGRON REICHARD | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 CONVENTION BLVD THE HUB STE 301 | AddressLine1Txt |
| City | SAN JUAN | CityNm |
| State Abbreviation | PR | StateAbbreviationCd |
| ZIP | 00907 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $20,411,985 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | HTTPS://WWW.INVESTPR.ORG/ | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2017 | FormationYr |
| Activity Or Mission | THE MISSION OF THE ORGANIZATION IS TO PROMOTE PUERTO RICO AS A COMPETITIVE INVESTMENT JURISDICTION TO ATTRACT NEW BUSINESS AND CAPITAL INVESTMENT TO THE ISLAND. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 24 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $14,130,244 | PYContributionsGrantsAmt |
| CY Contributions Grants | $20,178,241 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $163,560 | PYInvestmentIncomeAmt |
| CY Investment Income | $233,744 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $14,293,804 | PYTotalRevenueAmt |
| CY Total Revenue | $20,411,985 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,300,666 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,716,567 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $11,346,910 | PYOtherExpensesAmt |
| CY Other Expenses | $17,343,703 | CYOtherExpensesAmt |
| PY Total Expenses | $13,647,576 | PYTotalExpensesAmt |
| CY Total Expenses | $20,060,270 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $646,228 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $351,715 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $9,922,679 | TotalAssetsBOYAmt |
| Total Assets EOY | $9,537,047 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $5,625,102 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,887,755 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $4,297,577 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $4,649,292 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF THE ORGANIZATION IS TO PROMOTE PUERTO RICO AS A COMPETITIVE INVESTMENT JURISDICTION TO ATTRACT NEW BUSINESS AND CAPITAL INVESTMENT TO THE ISLAND. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | SEE SCHEDULE O | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SEE SCHEDULE O | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SEE SCHEDULE O | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $18,669,876 | ExpenseAmt |
| Desc | . | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $18,669,876 | TotalOtherProgSrvcExpenseAmt |
| Total Program Service Expenses | $18,669,876 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | false | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | false | BackupWthldComplianceInd |
| Employee | 24 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ASTRID NAVARRO | PersonNm |
| Phone | 7879667642 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 CONVENTION BOULEVARD SUITE 301 | AddressLine1Txt |
| City | SAN JUAN | CityNm |
| State Abbreviation | PR | StateAbbreviationCd |
| ZIP | 00907 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|
| SEBASTIAN NEGRON REICHARD | |||||
| CHAIRMAN | 3.00 | Yes (X) | $0 | $0 | $0 |
| ROSACHELY RIVERA SANTANA | |||||
| MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 |
| JAMES R COLLINS | |||||
| TREASURER | 0.50 | Yes (X) | $0 | $0 | $0 |
| KATHRYN WYLDE | |||||
| MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 |
| JOY MALDONADO | |||||
| MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 |
| BRENDA MARRERO | |||||
| SECRETARY | 0.50 | Yes (X) | $0 | $0 | $0 |
| CHRISTIAN GONZALEZ | |||||
| VICE CHAIRMA | 1.00 | Yes (X) | $0 | $0 | $0 |
| ALBERTO TORO | |||||
| MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 |
| LUIS RAMOS | |||||
| MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 |
| FEDERICO SANCHEZ | |||||
| MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Business Name Line2ContractorName/BusinessName/BusinessNameLine2Txt | Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| DEVELOPMENT COUNSELLORS INTERNATIONA | ||||||
| INTERNATIONAL LTD | 215 PARK AVE SOUTH 14TH FLOOR | NEW YORK | NY | 10003 | PROF SERVICES | $11,213,820 |
| ADP LLC | ||||||
| PO BOX 830272 | PHILADELPHIA | PA | 19182 | PROF SERVICES | $2,536,582 | |
| PIRO INC | ||||||
| 244 FIFTH AVENUE SUITE 2144 | NEW YORK | NY | 10001 | PROF SERVICES | $1,840,153 | |
| NEW LAB LLC | ||||||
| 19 MORRIS AVENUE SUITE 2144 | BROOKLYN | NY | 11205 | PROF SERVICES | $461,125 | |
| MILES PARTNERSHIP LLC | ||||||
| 6751 PROFESSIONAL PARKWAY | SARASOTA | FL | 34240 | PUBLIC RELATION | $378,688 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 15 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $20,178,241 | GovernmentGrantsAmt |
| Total Contributions | $20,178,241 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $233,744 | TotalRevenueColumnAmt |
| Exclusion | $233,744 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $20,411,985 | TotalRevenueColumnAmt |
| Exclusion | $233,744 | ExclusionAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,486,295 | TotalAmt |
| Program Services | $2,369,385 | ProgramServicesAmt |
| Management And General | $116,910 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,068 | TotalAmt |
| Program Services | $28,928 | ProgramServicesAmt |
| Management And General | $14,140 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $187,204 | TotalAmt |
| Program Services | $147,804 | ProgramServicesAmt |
| Management And General | $39,400 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $56,411 | TotalAmt |
| Program Services | $1,450 | ProgramServicesAmt |
| Management And General | $54,961 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $129,762 | TotalAmt |
| Program Services | $5,000 | ProgramServicesAmt |
| Management And General | $124,762 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $288,989 | TotalAmt |
| Program Services | $60,916 | ProgramServicesAmt |
| Management And General | $228,073 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,881,507 | TotalAmt |
| Program Services | $13,881,507 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,413 | TotalAmt |
| Management And General | $46,413 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $314,529 | TotalAmt |
| Program Services | $272,541 | ProgramServicesAmt |
| Management And General | $41,988 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,073 | TotalAmt |
| Program Services | $31,396 | ProgramServicesAmt |
| Management And General | $677 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $230,412 | TotalAmt |
| Management And General | $230,412 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $202,733 | TotalAmt |
| Program Services | $9,362 | ProgramServicesAmt |
| Management And General | $193,371 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| EVENTS & PROMOTIONS | $1,464,459 | $1,459,697 | $4,762 |
| OTHER EXPENSES | $318,293 | $247,890 | $70,403 |
| DUES & SUBSCRIPTIONS | $157,555 | $136,203 | $21,352 |
| REPAIRS & MAINTENANCE | $78,201 | $78,201 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $142,366 | TotalAmt |
| Program Services | $17,797 | ProgramServicesAmt |
| Management And General | $124,569 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,060,270 | TotalAmt |
| Program Services | $18,669,876 | ProgramServicesAmt |
| Management And General | $1,390,394 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,530,809 | BOYAmt |
| EOY | $8,504,546 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $205,350 | BOYAmt |
| EOY | $961 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $82,991 | BOYAmt |
| EOY | $124,052 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,834,664 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $927,176 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,103,529 | BOYAmt |
| EOY | $907,488 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,922,679 | BOYAmt |
| EOY | $9,537,047 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,797,511 | BOYAmt |
| EOY | $994,417 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,280,502 | BOYAmt |
| EOY | $3,387,054 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $547,089 | BOYAmt |
| EOY | $506,284 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,625,102 | BOYAmt |
| EOY | $4,887,755 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,297,577 | BOYAmt |
| EOY | $4,649,292 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,297,577 | BOYAmt |
| EOY | $4,649,292 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,922,679 | BOYAmt |
| EOY | $9,537,047 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $351,715 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,179,088 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $16,363,228 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $8,062,964 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $14,130,244 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $20,178,241 | CurrentTaxYearAmt |
| Total | $63,913,765 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,179,088 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $16,363,228 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $8,062,964 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $14,130,244 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $20,178,241 | CurrentTaxYearAmt |
| Total | $63,913,765 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $63,913,765 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $7,180 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $9,160 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $14,573 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $163,560 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $233,744 | CurrentTaxYearAmt |
| Total | $428,217 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $65,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,110 | CurrentTaxYearMinus3YearsAmt |
| Total | $67,110 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $64,409,092 | TotalSupportAmt |
| Public Support CY170 | 0.99230 | PublicSupportCY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, LINE 10 | FormAndLineReferenceDesc |
| Explanation | 67,110 | ExplanationTxt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $796,983 | OtherCostOrOtherBasisAmt |
| Depreciation | $369,161 | DepreciationAmt |
| Book Value | $427,822 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $66,427 | OtherCostOrOtherBasisAmt |
| Depreciation | $48,920 | DepreciationAmt |
| Book Value | $17,507 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $971,254 | OtherCostOrOtherBasisAmt |
| Depreciation | $509,095 | DepreciationAmt |
| Book Value | $462,159 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $907,488 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LEASE LIABILITY | Desc |
| Amt | $506,284 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $506,284 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $20,411,985 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $20,411,985 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $20,411,985 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $20,060,270 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $20,060,270 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $20,060,270 | TotalExpensesPerForm990Amt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 2, PART III, LINE 4D | . |
| FORM 990, PART VI | THE RETURN IS PREPARED BY RSM PUERTO RICO (EXTERNAL AUDITORS AND TAX ADVISORS) AND THE INFORMATION REPORTED IN THE RETURN IS PROVIDED BY MANAGEMENT OF INVEST PUERTO RICO INC. DURING THE PREPARATION OF THE RETURN, RSM PUERTO RICO AND MANAGEMENT ARE IN CONSTANT COMMUNICATION SHARING AND CONFIRMING THE INFORMATION OF THE RETURN. THE RETURN IS PROVIDED TO THE ORGANIZATION'S MANAGEMENT FOR FINAL REVIEW PRIOR TO FILING WHEN THE RETURN IS FINALIZED. |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE COMPANY CONTRACTS AN INDEPENDENT COMPENSATION CONSULTANT TO HELP HIRE AND DETERMINE THE COMPENSATION OF THE OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION. THE ORGANIZATION ALSO USES COMPENSATION SURVEYS OF THE COMPENSATION DATA OF SIMILAR ORGANIZATIONS. THE BOARD APPROVES THE COMPENSATION FOR THE KEY EMPLOYEES AND OFFICERS AND IN SOME INSTANCES A WRITTEN EMPLOYMENT CONTRACT IS SIGNED. |
| FORM 990, PAGE 6, PART VI, LINE 11B | NO REVIEW WAS OR WILL BE CONDUCTED. |
| FORM 990, PAGE 6, PART VI, LINE 12C | AT THE MOMENT OF HIRING THE EMPLOYEE, THE EMPLOYEE SIGNS A DOCUMENT CERTIFYING THAT THEY RECEIVED THE CONFLICT OF INTEREST POLICY. IF ANY OF THE POLICY'S STANDARDS ARE VIOLATED BY ANY EMPLOYEE, THE ORGANIZATION TAKES THE CORRESPONDING DISCIPLINARY ACTION, WHICH MAY INCLUDE IMMEDIATE DISMISSAL OF THE EMPLOYEE |
| FORM 990, PAGE 6, PART VI, LINE 19 | NO DOCUMENTS AVAILABLE TO THE PUBLIC |
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