CENTER FOR A NEW ECONOMY INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: CENTER FOR A NEW ECONOMY INC (EIN 66-0566096)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-10-29
IRS object ID: 202423039349301377
Schema version: 2023v5.1
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
Form 990
Schedule A
Schedule B
Schedule C
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-10-29T09:55:43-07:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	521738520	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Lane & Company CPAs	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	5335 Wisconsin Ave NW Ste 440	AddressLine1Txt
City	Washington	CityNm
State Abbreviation	DC	StateAbbreviationCd
ZIP	20015	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	660566096	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CENTER FOR A NEW ECONOMY INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	CENT	BusinessNameControlTxt
Phone	7876221120	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 9024240	AddressLine1Txt
City	SAN JUAN	CityNm
State Abbreviation	PR	StateAbbreviationCd
ZIP	00902	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MIGUEL A SOTO CLASS	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	7876221120	PhoneNum
Signature	2024-10-28	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	ROBERT E LANE	PreparerPersonNm
PTIN	P01622353	PTIN
Phone	2026172615	PhoneNum
Preparation	2024-10-29	PreparationDt
Self Employed	Yes (X)	SelfEmployedInd

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-10-15 13:58:12Z	BuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MIGUEL A SOTO CLASS	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	206 TETUAN STREET SUITE 1002	AddressLine1Txt
City	SAN JUAN	CityNm
State Abbreviation	PR	StateAbbreviationCd
ZIP	00901	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$1,903,473	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.GRUPOCNE.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1998	FormationYr
Legal Domicile State	PR	LegalDomicileStateCd
Activity Or Mission	SEE SCHEDULE O	ActivityOrMissionDesc
Voting Members Governing Body	11	VotingMembersGoverningBodyCnt
Voting Members Independent	10	VotingMembersIndependentCnt
Total Employee	11	TotalEmployeeCnt
Total Volunteers	10	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$1,804,409	PYContributionsGrantsAmt
CY Contributions Grants	$1,830,909	CYContributionsGrantsAmt
PY Program Service Revenue	$54,202	PYProgramServiceRevenueAmt
CY Program Service Revenue	$20,000	CYProgramServiceRevenueAmt
PY Investment Income	$12,957	PYInvestmentIncomeAmt
CY Investment Income	$52,392	CYInvestmentIncomeAmt
PY Other Revenue	$153	PYOtherRevenueAmt
CY Other Revenue	$172	CYOtherRevenueAmt
PY Total Revenue	$1,871,721	PYTotalRevenueAmt
CY Total Revenue	$1,903,473	CYTotalRevenueAmt
PY Grants And Similar Paid	$391,059	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$29,653	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$1,279,183	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$1,146,110	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$134,541	CYTotalFundraisingExpenseAmt
PY Other Expenses	$591,985	PYOtherExpensesAmt
CY Other Expenses	$734,643	CYOtherExpensesAmt
PY Total Expenses	$2,262,227	PYTotalExpensesAmt
CY Total Expenses	$1,910,406	CYTotalExpensesAmt
PY Revenues Less Expenses	-$390,506	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$6,933	CYRevenuesLessExpensesAmt
Total Assets BOY	$2,485,015	TotalAssetsBOYAmt
Total Assets EOY	$2,962,723	TotalAssetsEOYAmt
Total Liabilities BOY	$779,760	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$941,529	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$1,705,255	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$2,021,194	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	SEE SCHEDULE O	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$1,422,130	ExpenseAmt
Grant	$29,653	GrantAmt
Revenue	$20,000	RevenueAmt
Desc	IN 2023, CNE FOCUSED ITS WORK ON THE FOLLOWING AREAS TO SUPPORT ITS MISSION: RELIABLE AND ACCESSIBLE ENERGY, LOCALLY-LED RECONSTRUCTION, ENHANCED EFFECTIVENESS OF FEDERAL POLICIES. IN EACH OF THESE AREAS, SEMINAL RESEARCH AND EDUCATIONAL EFFORTS WERE CONDUCTED, SUCH AS AN ANALYSIS OF PUERTO RICOS ENERGY UTILITYS AGREEMENT WITH A THIRD PARTY TO OPERATE AND MAINTAIN THE UTILITYS LEGACY ASSETS, AS WELL AS EFFORTS TO IMPROVE THE NUTRITIONAL ASSISTANCE PROGRAM IN PR. CNE HELD A WORKSHOP AND PUBLIC EVENT AT YALE UNIVERSITY WITH SCHOLARS FROM PUERTO RICO AND THE UNITED STATES AS THEY WORKED ON IDENTIFYING THE POLICIES, PROGRAMS, AND STRATEGIC INVESTMENTS THAT WILL BE NECESSARY TO RESTART SUSTAINABLE ECONOMIC GROWTH IN PUERTO RICO. THE COMMUNICATIONS TEAM CONTINUED PRODUCING A NEWSLETTER WHERE CNE EXPERTS DIVE DEEP INTO A VARIETY OF ISSUES CONFRONTING PUERTO RICO. WE ALSO PROVIDE ALL OF OUR ANALYSES AND PUBLICATIONS FREE OF COST ON OUR WEBSITE.	Desc
Total Program Service Expenses	$1,422,130	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	Yes (true)	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	Yes (true)	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	Yes (true)	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	Yes (true)	ScheduleORequiredInd
IRP Document	0	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	11	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
Quid Pro Quo Contributions	false	QuidProQuoContributionsInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
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	10	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	false	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	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
Other Website	Yes (X)	OtherWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE ORGANIZATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	7876221120	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	206 TETUAN ST STE 1002 BPPR BLDG	AddressLine1Txt
City	SAN JUAN	CityNm
State Abbreviation	PR	StateAbbreviationCd
ZIP	00901	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
EDWIN PEREZ
DIRECTOR	1.00	Yes (X)	$0	$0	$0
CAROLINE MCCONNIE
DIRECTOR	1.00	Yes (X)	$0	$0	$0
ANTONIO LUIS FERRE-RANGEL
DIRECTOR	1.00	Yes (X)	$0	$0	$0
LUIS SILVA
DIRECTOR	1.00	Yes (X)	$0	$0	$0
ELIZABETH CAREY BURWELL
DIRECTOR	1.00	Yes (X)	$0	$0	$0
JOAQUIN BACARDI
DIRECTOR	1.00	Yes (X)	$0	$0	$0
PINSY RIVERA-ORTIZ
DIRECTOR	1.00	Yes (X)	$0	$0	$0
JACQUES CHAPPUIS
DIRECTOR	1.00	Yes (X)	$0	$0	$0
JORGE COLON-GERENA
DIRECTOR	1.00	Yes (X)	$0	$0	$0
ENRIQUE VILA-BIAGGI
CHAIRMAN	1.00	Yes (X)	$0	$0	$0	Yes (X)
MIGUEL A SOTO CLASS
PRESIDENT	40.00	Yes (X)	$191,300	$0	$13,697	Yes (X)
SERGIO MARXUACH
ASSISTANT SECRETARY	40.00		$140,300	$0	$0	Yes (X)
NURIA Y ORTIZ VARGAS
SECRETARY	40.00		$100,300	$0	$0	Yes (X)
CARMEN VARGAS
TREASURER	40.00		$90,300	$0	$13,460	Yes (X)
DEEPAK LAMBA
RESEARCH DIRECTOR	40.00		$124,883	$0	$3,779		Yes (X)
NYDIA SUAREZ MARIN
PUBLIC AFFAIRS DIRECTOR	40.00		$100,300	$0	$7,444		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$747,383	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$38,380	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	5	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd
Government Grants	$241,250	GovernmentGrantsAmt
All Other Contributions	$1,589,659	AllOtherContributionsAmt
Total Contributions	$1,830,909	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	MANAGEMENT FEE	Desc
Business	900099	BusinessCd
Total Revenue Column	$20,000	TotalRevenueColumnAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$20,000	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$52,392	TotalRevenueColumnAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$52,392	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	OTHER INCOME	Desc
Business	900099	BusinessCd
Total Revenue Column	$172	TotalRevenueColumnAmt
Related Or Exempt Func Income	$172	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$172	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,903,473	TotalRevenueColumnAmt
Related Or Exempt Func Income	$20,172	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$52,392	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$29,653	TotalAmt
Program Services	$29,653	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$549,358	TotalAmt
Program Services	$431,247	ProgramServicesAmt
Management And General	$60,764	ManagementAndGeneralAmt
Fundraising	$57,347	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$487,203	TotalAmt
Program Services	$382,455	ProgramServicesAmt
Management And General	$53,889	ManagementAndGeneralAmt
Fundraising	$50,859	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$33,100	TotalAmt
Program Services	$25,983	ProgramServicesAmt
Management And General	$3,661	ManagementAndGeneralAmt
Fundraising	$3,456	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$76,449	TotalAmt
Program Services	$60,013	ProgramServicesAmt
Management And General	$8,456	ManagementAndGeneralAmt
Fundraising	$7,980	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$320	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$320	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$115,958	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$115,958	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$27,220	TotalAmt
Program Services	$27,220	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$48,652	TotalAmt
Program Services	$48,652	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$68,590	TotalAmt
Program Services	$54,141	ProgramServicesAmt
Management And General	$9,039	ManagementAndGeneralAmt
Fundraising	$5,410	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$5,610	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$5,610	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$135,485	TotalAmt
Program Services	$128,995	ProgramServicesAmt
Management And General	$6,490	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$192,991	TotalAmt
Program Services	$183,502	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$9,489	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$41,713	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$41,713	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$28,684	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$28,684	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$22,585	TotalAmt
Program Services	$16,939	ProgramServicesAmt
Management And General	$5,646	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
TAXES	$5,710	$0	$5,710	$0
DUES & SUBSCRIPTIONS	$31,877	$31,877	$0	$0
MISCELLANEOUS	$9,248	$1,453	$7,795	$0

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,910,406	TotalAmt
Program Services	$1,422,130	ProgramServicesAmt
Management And General	$353,735	ManagementAndGeneralAmt
Fundraising	$134,541	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$332,051	BOYAmt
EOY	$279,492	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$19,816	BOYAmt
EOY	$31,400	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$158	BOYAmt
EOY	$158	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$552,835	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$478,582	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$102,936	BOYAmt
EOY	$74,253	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$1,861,555	BOYAmt
EOY	$2,443,419	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$168,499	BOYAmt
EOY	$134,001	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,485,015	BOYAmt
EOY	$2,962,723	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$97,029	BOYAmt
EOY	$291,823	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$516,033	BOYAmt
EOY	$516,952	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$166,698	BOYAmt
EOY	$132,754	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$779,760	BOYAmt
EOY	$941,529	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	$1,650,726	BOYAmt
EOY	$1,921,194	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$54,529	BOYAmt
EOY	$100,000	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,705,255	BOYAmt
EOY	$2,021,194	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$2,485,015	BOYAmt
EOY	$2,962,723	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$6,933	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$581,864	NetUnrlzdGainsLossesInvstAmt
Prior Period Adjustments	-$258,992	PriorPeriodAdjustmentsAmt
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
Other Support Sum	$0	OtherSupportSumAmt

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,819,151	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,646,810	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,309,413	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,804,409	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,830,909	CurrentTaxYearAmt
Total	$10,410,692	TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,819,151	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,646,810	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,309,413	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,804,409	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,830,909	CurrentTaxYearAmt
Total	$10,410,692	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$2,279,522	SubstantialContributorsTotAmt
Public Support Total170	$8,131,170	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$58,611	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$28,766	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$91,293	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$12,957	CurrentTaxYearMinus1YearAmt
Current Tax Year	$52,392	CurrentTaxYearAmt
Total	$244,019	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,660	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus2 Years	$1,624	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$153	CurrentTaxYearMinus1YearAmt
Current Tax Year	$172	CurrentTaxYearAmt
Total	$3,609	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$10,658,320	TotalSupportAmt
Public Support CY170	0.76290	PublicSupportCY170Pct
Public Support PY170	0.65150	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind
Public Support Total509	$0	PublicSupportTotal509Amt
Public Support CY509	0	PublicSupportCY509Pct
Investment Income CY	0	InvestmentIncomeCYPct

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	Pt II Ln 10	FormAndLineReferenceDesc
Explanation	Other Income Part II, Line 10 Description: OTHER INCOME 2019: 1660. 2021: 1624. 2022: 153. 2023: 172.	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule C IRS990ScheduleC

Total Grassroots Lobbying TotalGrassrootsLobbyingGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$0	FilingOrganizationsTotalAmt

Total Direct Lobbying TotalDirectLobbyingGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$0	FilingOrganizationsTotalAmt

Total Lobbying Expend TotalLobbyingExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$0	FilingOrganizationsTotalAmt

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$1,910,406	FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$1,910,406	FilingOrganizationsTotalAmt

Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$245,520	FilingOrganizationsTotalAmt

Grassroots Nontaxable GrassrootsNontaxableGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$61,380	FilingOrganizationsTotalAmt

Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$0	FilingOrganizationsTotalAmt

Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$0	FilingOrganizationsTotalAmt

Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp

Field	Value	IRS element (for citing)
Current Year Minus3	$229,876	CurrentYearMinus3Amt
Current Year Minus2	$286,832	CurrentYearMinus2Amt
Current Year Minus1	$263,111	CurrentYearMinus1Amt
Current Year	$245,520	CurrentYearAmt
Total	$1,025,339	TotalAmt

Field	Value	IRS element (for citing)
Lobbying Ceiling	$1,538,009	LobbyingCeilingAmt

Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp

Field	Value	IRS element (for citing)
Current Year Minus3	$2,261	CurrentYearMinus3Amt
Current Year Minus2	$0	CurrentYearMinus2Amt
Current Year Minus1	$0	CurrentYearMinus1Amt
Current Year	$0	CurrentYearAmt
Total	$2,261	TotalAmt

Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp

Field	Value	IRS element (for citing)
Current Year Minus3	$57,469	CurrentYearMinus3Amt
Current Year Minus2	$71,708	CurrentYearMinus2Amt
Current Year Minus1	$65,778	CurrentYearMinus1Amt
Current Year	$61,380	CurrentYearAmt
Total	$256,335	TotalAmt

Field	Value	IRS element (for citing)
Grassroots Ceiling	$384,503	GrassrootsCeilingAmt

Avg Grassroots Lobbying Expend AvgGrassrootsLobbyingExpendGrp

Field	Value	IRS element (for citing)
Current Year Minus3	$532	CurrentYearMinus3Amt
Current Year Minus2	$0	CurrentYearMinus2Amt
Current Year Minus1	$0	CurrentYearMinus1Amt
Current Year	$0	CurrentYearAmt
Total	$532	TotalAmt

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$0	InvestmentCostOrOtherBasisAmt
Book Value	$0	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$193,874	OtherCostOrOtherBasisAmt
Depreciation	$141,914	DepreciationAmt
Book Value	$51,960	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$284,562	OtherCostOrOtherBasisAmt
Depreciation	$262,269	DepreciationAmt
Book Value	$22,293	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$74,399	OtherCostOrOtherBasisAmt
Depreciation	$74,399	DepreciationAmt
Book Value	$0	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$74,253	TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

Field	Value	IRS element (for citing)
Desc	RIGHT OF USE ASSET - OFFICE LEASE	Desc
Book Value	$134,001	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$134,001	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	LEASE LIABILITY	Desc
Amt	$132,754	Amt

Field	Value	IRS element (for citing)
Total Liability	$132,754	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$2,501,817	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$581,864	NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts	$16,480	DonatedServicesAndUseFcltsAmt
Revenue Not Reported	$598,344	RevenueNotReportedAmt
Revenue Subtotal	$1,903,473	RevenueSubtotalAmt
Total Revenue Per Form990	$1,903,473	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$1,926,886	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$16,480	DonatedServicesUseFcltsAmt
Expenses Not Reported	$16,480	ExpensesNotReportedAmt
Expenses Subtotal	$1,910,406	ExpensesSubtotalAmt
Total Expenses Per Form990	$1,910,406	TotalExpensesPerForm990Amt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Written Policy Ref T And E Expnss	Yes (true)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	false	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	false	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	false	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	false	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	false	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	false	AnyNonFixedPaymentsInd
Initial Contract Exception	false	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	MIGUEL A SOTO CLASS	PersonNm
Base Compensation Filing Org	$191,000	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$300	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$0	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$13,697	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$204,997	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Pt VI, Line 11b	BEFORE FILING THE FORM 990, A FINAL COPY IS SENT TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW. AFTER THE BOARD COMPLETES ITS REVIEW, THE FORM 990 IS SUBMITTED TO THE INTERNAL REVENUE SERVICE.
Pt VI, Line 12c	ALL EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO CERTIFY THEIR COMPLIANCE WITH THE ORGANIZATIONS CONFLICT OF INTEREST POLICY ON A YEARLY BASIS AND REPORT ANY POTENTIAL CONFLICTS TO THE BOARD CHAIR.
Pt VI, Line 15a	THE PRESIDENTS SALARY IS REVIEWED AND DETERMINED BY THE BOARD OF DIRECTORS.
Pt VI, Line 15b	ALL STAFF SALARIES AND BONUSES ARE DETERMINED BY THE PRESIDENT WITH INPUT FROM THE BOARD OF DIRECTORS.
Pt VI, Line 19	THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
Other	PART I, LINE 1 & PART III, LINE I: THE CENTER FOR A NEW ECONOMY (CNE) IS AN INDEPENDENT, NON-PARTISAN THINK TANK THAT ADVOCATES FOR THE DEVELOPMENT OF A NEW ECONOMY FOR PUERTO RICO. FOUNDED IN 1998, CNE PRODUCES RIGOROUS PUBLIC POLICY RESEARCH AND ANALYSIS, AND IS ONE OF THE MOST CREDIBLE AND INFLUENTIAL VOICES ON PUERTO RICOS ECONOMY. AS A THINK TANK, WE ARE GUIDED BY THE FOLLOWING VALUES: INDEPENDENCE, IMPACT, AND INTELLECTUAL QUALITY.