PUERTO RICO CONSERVATION TRUST: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- PUERTO RICO CONSERVATION TRUST (EIN 66-0288581)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202423209349314387
- 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 I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-15T13:56:13+00:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 346565596 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 IVAN ALLEN JR BOULEVARD | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30308 | 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 | 660288581 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Puerto Rico Conservation Trust Fund | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PUER | BusinessNameControlTxt |
| Phone | 7877225834 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 9023554 | AddressLine1Txt |
| City | SAN JUAN | CityNm |
| State Abbreviation | PR | StateAbbreviationCd |
| ZIP | 009023554 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LIC FERNANDO LLOVERAS | PersonNm |
| Person Title | Executive Director | PersonTitleTxt |
| Phone | 7877225834 | PhoneNum |
| Signature | 2024-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Aerrial M Orr | PreparerPersonNm |
| PTIN | P01598400 | PTIN |
| Phone | 4048748300 | PhoneNum |
| Preparation | 2024-11-15 | PreparationDt |
| 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 | LIC FERNANDO LLOVERAS | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 9023554 | AddressLine1Txt |
| City | SAN JUAN | CityNm |
| State Abbreviation | PR | StateAbbreviationCd |
| ZIP | 009023554 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $106,056,440 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.FIDEICOMISO.ORG | WebsiteAddressTxt |
| Type Of Organization Trust | Yes (X) | TypeOfOrganizationTrustInd |
| Formation | 1970 | FormationYr |
| Legal Domicile State | PR | LegalDomicileStateCd |
| Activity Or Mission | TO PROTECT AND ENHANCE THE NATURAL RESOURCES OF PUERTO RICO. | ActivityOrMissionDesc |
| Voting Members Governing Body | 3 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 3 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 3 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $6,859,346 | PYContributionsGrantsAmt |
| CY Contributions Grants | $19,869,819 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $15,895,657 | PYInvestmentIncomeAmt |
| CY Investment Income | $19,001,442 | CYInvestmentIncomeAmt |
| PY Other Revenue | $86,166 | PYOtherRevenueAmt |
| CY Other Revenue | $708,800 | CYOtherRevenueAmt |
| PY Total Revenue | $22,841,169 | PYTotalRevenueAmt |
| CY Total Revenue | $39,580,061 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $619,242 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $586,494 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $41,685,686 | PYOtherExpensesAmt |
| CY Other Expenses | $41,213,823 | CYOtherExpensesAmt |
| PY Total Expenses | $42,304,928 | PYTotalExpensesAmt |
| CY Total Expenses | $41,800,317 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$19,463,759 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$2,220,256 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $612,506,378 | TotalAssetsBOYAmt |
| Total Assets EOY | $655,582,386 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $224,293,523 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $240,241,514 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $388,212,855 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $415,340,872 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROTECT AND ENHANCE THE NATURAL RESOURCES OF PUERTO RICO. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $26,992,981 | ExpenseAmt |
| Grant | $586,494 | GrantAmt |
| Revenue | $708,800 | RevenueAmt |
| Desc | TO PROTECT AND ENHANCE THE NATURAL RESOURCES OF PUERTO RICO AND TO PERFORM THE FUNCTIONS OF THE UNITED STATES AND PUERTO RICO IN THE AREA OF CONSERVATION. TO DEVELOP PROGRAMS AIMED AT EDUCATING THE PUBLIC ABOUT ENVIRONMENTAL ISSUES AND THE NEED TO PROTECT AND CONSERVE NATURAL RESOURCES. | Desc |
| Total Program Service Expenses | $26,992,981 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | Yes (true) | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | 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 | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | 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 | Yes (true) | 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 | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | 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 |
| Employee | 0 | EmployeeCnt |
| 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 | 3 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 3 | 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 | false | 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 | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARIA C APONTE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7877225834 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 9023978 | AddressLine1Txt |
| City | SAN JUAN | CityNm |
| State Abbreviation | PR | StateAbbreviationCd |
| ZIP | 00901 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|---|
| Ana M Garcia Blanco | |||||||
| TRUSTEE | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| BLAS B FONALLEDAS | |||||||
| TRUSTEE | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| Roberto Serralles Jordan | |||||||
| TRUSTEE | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| LIC FERNANDO LLOVERAS | |||||||
| EXECUTIVE DIRECTOR | 5.0 | 37.5 | $0 | $306,590 | $35,800 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $306,590 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $35,800 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $3,183 | FundraisingAmt |
| All Other Contributions | $19,866,636 | AllOtherContributionsAmt |
| Noncash Contributions | $19,383,300 | NoncashContributionsAmt |
| Total Contributions | $19,869,819 | TotalContributionsAmt |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $0 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $21,523,381 | TotalRevenueColumnAmt |
| Exclusion | $21,523,381 | ExclusionAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $63,954,440 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $66,476,379 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$2,521,939 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$2,521,939 | TotalRevenueColumnAmt |
| Exclusion | -$2,521,939 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Fema Reimbursements | 900099 | $613,077 | $613,077 |
| NMTC Interest Income | 900099 | $54,575 | $54,575 |
| Fiscal Sponsor Fees | 900099 | $19,380 | $19,380 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $21,768 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $21,768 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $708,800 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $39,580,061 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $708,800 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $19,001,442 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $586,494 | TotalAmt |
| Program Services | $586,494 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $483,574 | TotalAmt |
| Management And General | $483,574 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,000 | TotalAmt |
| Program Services | $12,000 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,042,512 | TotalAmt |
| Management And General | $14,042,512 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,291,432 | TotalAmt |
| Program Services | $2,075,336 | ProgramServicesAmt |
| Management And General | $216,096 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,254 | TotalAmt |
| Management And General | $61,254 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| Management Fees | $13,206,422 | $13,206,422 | |
| Land Impairment | $11,112,704 | $11,112,704 | |
| Bank Charges | $2,500 | $2,500 | |
| Taxes | $1,400 | $1,400 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25 | TotalAmt |
| Program Services | $25 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,800,317 | TotalAmt |
| Program Services | $26,992,981 | ProgramServicesAmt |
| Management And General | $14,807,336 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,251,888 | BOYAmt |
| EOY | $3,344,919 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,870,946 | BOYAmt |
| EOY | $1,738,270 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,120 | BOYAmt |
| EOY | $40,120 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,841,000 | BOYAmt |
| EOY | $6,841,000 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,451 | BOYAmt |
| EOY | $23,728 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $176,151,352 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $27,274,184 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $141,062,762 | BOYAmt |
| EOY | $148,877,168 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $437,040,391 | BOYAmt |
| EOY | $482,224,461 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,342,100 | BOYAmt |
| EOY | $5,342,100 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,015,720 | BOYAmt |
| EOY | $7,150,620 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $612,506,378 | BOYAmt |
| EOY | $655,582,386 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,012,369 | BOYAmt |
| EOY | $10,413,360 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $240,156 | BOYAmt |
| EOY | $225,102 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $208,040,998 | BOYAmt |
| EOY | $229,603,052 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $224,293,523 | BOYAmt |
| EOY | $240,241,514 | 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 | $106,771,730 | BOYAmt |
| EOY | $133,899,747 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $281,441,125 | BOYAmt |
| EOY | $281,441,125 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $388,212,855 | BOYAmt |
| EOY | $415,340,872 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $612,506,378 | BOYAmt |
| EOY | $655,582,386 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$2,220,256 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $29,348,273 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| 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) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| 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) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type1 | Yes (X) | SupportingOrgType1Ind |
| IRS Written Determination | Yes (X) | IRSWrittenDeterminationInd |
| Supported Organizations | 1 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp
Supported Organization Name SupportedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GOVERNMENT OF PUERTO RICO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 660433441 | EIN |
| Organization Type | 6 | OrganizationTypeCd |
| Governing Document Listed | Yes (true) | GoverningDocumentListedInd |
| Support | $28,589,230 | SupportAmt |
| Other Support | $0 | OtherSupportAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 1 | SupportedOrganizationsTotalCnt |
| Support Sum | $28,589,230 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (true) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | false | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | false | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | false | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | false | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | false | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | false | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | false | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | false | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | false | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | false | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | false | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | false | ContributionControllerInd |
| Contribution Family | false | ContributionFamilyInd |
| Contribution35 Controlled | false | Contribution35ControlledInd |
Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Power Appoint Majority Dir Trst | Yes (true) | PowerAppointMajorityDirTrstInd |
| Operate Benefit Non Suprt Org | false | OperateBenefitNonSuprtOrgInd |
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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | false | VolunteersInd |
| Paid Staff Or Management | false | PaidStaffOrManagementInd |
| Media Advertisements | false | MediaAdvertisementsInd |
| Mailings Members | false | MailingsMembersInd |
| Publications Or Broadcast | false | PublicationsOrBroadcastInd |
| Grants Other Organizations | false | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (true) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $414,000 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | false | RalliesDemonstrationsInd |
| Other Activities | false | OtherActivitiesInd |
| Total Lobbying Expenditures | $414,000 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | false | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY | FormAndLineReferenceDesc |
| Explanation | ON DECEMBER 17, 1999, A LAW WAS SIGNED WHICH AUTHORIZED AN INCREASE FROM $10.50 TO 13.25 PER PROOF GALLON FOR A PERIOD OF 30 MONTHS ON THE TAXES RECEIVED BY PUERTO RICO ON RUM SHIPMENTS TO THE UNITED STATES. THE LEGISLATION AUTHORIZED SAID INCREASE WITH THE UNDERSTANDING THAT THE GOVERNOR OF PUERTO RICO MADE A COMMITMENT WITH THE U.S. ADMINISTRATION, THAT ONE SIXTH OF THE $2.75 INCREASE WOULD BE TRANSFERRED TO THE PUERTO RICO CONSERVATION TRUST FUND. THE U.S. CONGRESS AUTHORIZED THE U.S. TREASURY TO TRANSFER THESE FUNDS. A JOINT RESOLUTION ADOPTED BY THE COMMONWEALTH'S LEGISLATURE, WHICH AUTHORIZES THE SECRETARY OF THE TREASURY OF THE COMMONWEALTH TO COMPLY WITH SAID COMMITMENT, WAS SIGNED INTO LAW BY THE GOVERNOR. LOBBYING ACTIVITIES ARE INCURRED IN CONNECTION WITH AN APPEARANCE BEFORE, OR COMMUNICATION TO, ANY LEGISLATIVE BODY WITH RESPECT TO RENEWAL OF THE RUM FUNDS ASSIGNMENT BECAUSE THE TERMINATION OF THIS FUNDS ASSIGNMENT MIGHT AFFECT THE EXISTENCE, AND ITS POWERS AND DUTIES. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preservation Public Use | Yes (X) | PreservationPublicUseInd |
| Protection Natural Habitat | Yes (X) | ProtectionNaturalHabitatInd |
| Historic Land Area | Yes (X) | HistoricLandAreaInd |
| Total Easements | 11 | TotalEasementsCnt |
| Total Acreage | 1559.0 | TotalAcreageCnt |
| Historic Structure Easements | 0 | HistoricStructureEasementsCnt |
| Historic Strctr Easements Aftr | 0 | HistoricStrctrEasementsAftrCnt |
| Modified Easements | 0 | ModifiedEasementsCnt |
| States Easements Held | 1 | StatesEasementsHeldCnt |
| Written Policy Monitoring | Yes (true) | WrittenPolicyMonitoringInd |
| Staff Hours Spent Enforcement | 40.0 | StaffHoursSpentEnforcementCnt |
| Expenses Incurred Enforcement | $25,000 | ExpensesIncurredEnforcementAmt |
| Section170h Rqr Stsfd | Yes (true) | Section170hRqrStsfdInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $257,743,907 | BeginningYearBalanceAmt |
| Contributions | $19,768,000 | ContributionsAmt |
| Investment Earnings Or Losses | $33,436,000 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $14,061,000 | OtherExpendituresAmt |
| End Year Balance | $296,886,907 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $251,542,687 | BeginningYearBalanceAmt |
| Contributions | $6,201,220 | ContributionsAmt |
| End Year Balance | $257,743,907 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $235,898,422 | BeginningYearBalanceAmt |
| Contributions | $15,644,265 | ContributionsAmt |
| End Year Balance | $251,542,687 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $220,978,199 | BeginningYearBalanceAmt |
| Contributions | $14,920,223 | ContributionsAmt |
| End Year Balance | $235,898,422 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $207,238,492 | BeginningYearBalanceAmt |
| Contributions | $13,739,707 | ContributionsAmt |
| End Year Balance | $220,978,199 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.005 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.635 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.36 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $129,003,252 | OtherCostOrOtherBasisAmt |
| Book Value | $129,003,252 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $34,510,581 | OtherCostOrOtherBasisAmt |
| Depreciation | $25,832,035 | DepreciationAmt |
| Book Value | $8,678,546 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,145,696 | OtherCostOrOtherBasisAmt |
| Depreciation | $544,827 | DepreciationAmt |
| Book Value | $600,869 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,491,823 | OtherCostOrOtherBasisAmt |
| Depreciation | $897,322 | DepreciationAmt |
| Book Value | $10,594,501 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $148,877,168 | TotalBookValueLandBuildingsAmt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part II, Line 5 Conservation easements policy | POSSIBLE EASEMENT VIOLATIONS MAY BE DISCOVERED IN THE COURSE OF ANNUAL MONITORING INSPECTIONS, OR AS REPORTED BY NEIGHBORS, LANDOWNERS, NEW PROPERTY OWNERS, OR OTHER THIRD PARTIES. STEPS TO BE FOLLOWED BY THE CTPR'S STAFF IN THE CASE OF A POTENTIAL VIOLATION ARE AS FOLLOWS: -REVIEW THE EASEMENT TERMS. THE SUPERINTENDENT OF THE REGION IN WHICH THE CONSERVATION EASEMENT IS LOCATED SHOULD REVIEW THE EASEMENT DOCUMENT, BASELINE DOCUMENTATION REPORT, AND MONITORING REPORTS TO DETERMINE IF AN EASEMENT VIOLATION HAS OCCURRED, ITS EXACT NATURE, AND WHEN IT TOOK PLACE. THE VIOLATION SHOULD BE NOTIFIED TO THE GENERAL MANAGER OF NATURAL PROTECTED AREAS AND CTPR'S LEGAL COUNSEL. -DOCUMENT THE VIOLATION THE SUPERINTENDENT OF THE REGION IN WHICH THE CONSERVATION EASEMENT IS LOCATED, OR A STAFF ASSIGNED BY HIM, SHOULD VISIT THE SITE TO INSPECT AND CAREFULLY DOCUMENT THE VIOLATION. THE VIOLATION MUST BE DESCRIBED IN DETAIL, INCLUDING LOCATION AND EXTENT. PHOTOS KEYED TO A PHOTOMAP SHOULD BE TAKEN, SIGNED AND DATED BY THE PHOTOGRAPHER. QUANTITATIVE MEASUREMENTS OF THE VIOLATION SHOULD BE NOTED AS APPROPRIATE, E.G. AREA OF IMPACT, NUMBER OF TREES DAMAGED. FIELD NOTES SHOULD BE SIGNED AND DATED BY THE PERSON CONDUCTING THE INSPECTION. -CONTACT THE LANDOWNER THE SUPERINTENDENT OF THE REGION IN WHICH THE CONSERVATION EASEMENT IS LOCATED SHOULD MEET WITH THE LANDOWNER, IN PERSON IF POSSIBLE, TO DISCUSS THE VIOLATION, IF THE LANDOWNER IS UNAWARE OF THE SITUATION. LISTEN TO THE LANDOWNER'S EXPLANATION, ASK QUESTIONS, TAKE NOTES, AND ASK THEM TO VOLUNTARILY CORRECT THE VIOLATION, OR AT LEAST TO CEASE ANY FURTHER WORK UNTIL THE MATTER CAN BE REVIEWED BY CTPR'S LAND ACQUISITION COMMITTEE. DOCUMENT ALL MEETINGS AND WRITE A FOLLOW-UP LETTER (SEND CERTIFIED - RETURN RECEIPT REQUESTED) OR E-MAIL TO THE LANDOWNER CONFIRMING ANY AGREEMENTS MADE ON SITE ABOUT THE RESTORATION OF THE PROPERTY AND COMPLIANCE DATES. -IF THE LANDOWNER AGREES TO RESTORE THE PROPERTY, THE SUPERINTENDENT OF THE REGION IN WHICH THE CONSERVATION EASEMENT IS LOCATED SHOULD SEND A FOLLOW UP LETTER AS SOON AS POSSIBLE REFLECTING THE AGREEMENT AND THE TIMETABLE FOR COMPLETION. THE SITE SHOULD BE REVISITED ON THE DEADLINE DATE, AND THE RESTORATION WORK SHOULD BE DOCUMENTED WITH PHOTOGRAPHS, NARRATIVE DESCRIPTION, AND QUANTITATIVE MEASUREMENTS. SEND THE LANDOWNER A FOLLOW-UP LETTER (SEND CERTIFIED - RETURN RECEIPT REQUESTED) ATTESTING TO THE SATISFACTORY COMPLETION OF THE WORK, OR OTHERWISE AS APPROPRIATE. -IF THE LANDOWNER REFUSES TO VOLUNTARILY RESTORE THE PROPERTY, THE SUPERINTENDENT OF THE REGION IN WHICH THE CONSERVATION EASEMENT IS LOCATED SHALL CONSULT WITH THE CTPR'S LEGAL COUNSEL TO FURTHER DISCUSS THE VIOLATION AND DETERMINE AN ENFORCEMENT STRATEGY. |
| Schedule D, Part II, Line 9 Conservation easements financial reporting | CONSERVATION EASEMENTS ARE RECORDED AS INTANGIBLE ASSETS IN THE BALANCE SHEET AND DONATION IN-KIND IN THE INCOME STATEMENT WHEN RECEIVED. THEY ARE VALUED AT ESTIMATED FAIR MARKET VALUE AT THE DAY OF THEIR ACQUISITION. |
| Schedule D, Part V, Line 4 Intended uses of endowment funds | THE TRUST'S ENDOWMENT HAS ACCUMULATED SINCE 1999 BY THE RUM FUNDS RECEIVED FROM THE FEDERAL GOVERNMENT. THE TRUST GETS ONE SIXTH OF THE $2.75 TEMPORARY INCREASE IN THE TAX PER PROOF GALLON OF THE RUM SHIPPED FROM PUERTO RICO TO THE U.S. THE ENDOWMENT CONSISTS OF THE ORIGINAL AMOUNTS OF RUM FUNDS RECEIVED. THE U.S. CONGRESS HAS RESTRICTED THESE FUNDS OF ANY USE OTHER THAN INVESTMENTS. THE INVESTMENT HORIZON OF THE ENDOWMENT IS LONG-TERM, AND IT IS INTENDED TO BE PART OF THE CORPUS OF THE TRUST. AS STATED IN ITS STATEMENT OF INVESTMENT POLICY, THE TRUST WILL DETERMINE THE UNRESTRICTED EXCESS FUNDS AVAILABLE FOR USE BY APPLYING A TEN YEAR HISTORICAL TOTAL RETURN METHOD TO CALCULATE A SPENDING RATE FOR A GIVEN YEAR. THIS METHOD CALCULATES THE SPENDING RATE FOR A GIVEN YEAR BY APPLYING THE TEN YEAR (OR EQUIVALENT PREVIOUS 120 MONTHS) AVERAGE HISTORICAL TOTAL RETURN (ANNUALIZED) OF THE ENDOWMENT PORTFOLIO AS OF SEPTEMBER 30 OF EACH YEAR. THE AMOUNT RESULTING FROM THIS CALCULATION (THE DRAW) IS INTENDED TO BE USED FOR THE TRUST'S NORMAL OPERATIONS. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (7 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | IRC SectionIRCSectionDesc |
|---|---|---|---|---|---|---|---|---|
| Climatic Body | ||||||||
| 205 Apt 1664 | Ave Ponce de Leon | San Juan | PR | 00909 | 661004709 | $237,112 | To provide operational support to the climate corps of Puerto Rico | |
| Cano Martin Pena Land Trust | ||||||||
| PMB 1838 Calle Paris 243 | San Juan | PR | 00917 | 326092938 | $148,857 | To support the youth of Cano Martin Pena and rainwater harvesting strategies | ||
| Happy Sonship | ||||||||
| 1104 Palma Dorada | Vega Alta | PR | 00692 | 821031357 | $101,450 | This grant will provide funds tocomplete a farm- wide solar energy system which will power all of the foundation's structures, the community kitchen and the farm; for building greenhouse, upgrading of irrigation system, acquisition of farming equipment, seeds and fruit trees and stipend for farm hands | 501(c)(3) | |
| Martin Pena Cano Link Project Corporation | ||||||||
| PO Box 41308 | San Juan | PR | 00940 | 660671917 | $19,075 | Youth Leadership and Violence Prevention Programs | ||
| G-8 Group of Eight Communities | ||||||||
| 243 Calle Paris PMB 1873 | San Juan | PR | 00917 | 660681723 | $35,000 | Hurricane Maria Community Relief, recovery and equitable rebuilding in Puerto Rico | ||
| Integral Development Institute Inc | ||||||||
| RR1 Box 4760 | Maricao | PR | 00606 | 660515689 | $20,000 | The funds will be specifically used to buy product (food), buy gas for cooking, provide a modest stipend for a cook and a driver to deliver the meals and fuel for deliveries. It is projected that meals will be delivered 3 days per week for a total of 135 hot meals per week. | ||
| Monte Azul Inc | ||||||||
| PO Box 531 | Maricao | PR | 00606 | 660902532 | $25,000 | This grant will provide funds to expand the community kitchen service to elders (40+ daily) and agricultural fields/production of the partnership between MAF and IDIIFCO of Maricao | 501(c)(3) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
| Total Other Org | 5 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. | FormAndLineReferenceDesc |
| Explanation | PUERTO RICO CONSERVATION TRUST FUND (PRCTF) REQUESTS MONTHLY FINANCIAL REPORTS WITH COPIES OF THE INVOICES AND PAYMENTS. THE PERSON IN CHARGE IN PRCTF REVIEWS THE DOCUMENTATIONS AND VALIDATES THAT EXPENSES ARE IN ACCORDANCE WITH APPROVED BUDGET AND ARE IN ACCORDANCE WITH THE MISSION. The organization has a written procedures protocol to award grants or assistance. There is a committee that approves the grant, and it must be in accordance with the organization mission. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LIC FERNANDO LLOVERAS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | EXECUTIVE DIRECTOR | TitleTxt |
| Base Compensation Filing Org | $0 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $306,590 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | 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 | $33,000 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $0 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $2,800 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $0 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $342,390 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule J, Part I, Line 3 | FormAndLineReferenceDesc |
| Explanation | DESCRIPTION OF PROCESS TO REVIEW COMPENSATION PAID TO TOP MANAGEMENT OFFICIAL: THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER/TOP MANAGEMENT OFFICIAL IS PAID BY A RELATED TAX-EXEMPT ORGANIZATION, PARA LA NATURALEZA, INC., AND IS DISCLOSED AS A PERSON PAID BY A RELATED ORGANIZATION. | ExplanationTxt |
Schedule M IRS990ScheduleM
Real Estate Other RealEstateOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 5 | ContributionCnt |
| Noncash Contributions Rpt F990 | $19,383,300 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market value | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | Yes (true) | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (true) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule M, Part I, Line 30b Property contributions that must be held for three years | The organization received land donations that must be held in perpetuity. |
| Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions | IF THE ORGANIZATION RECEIVES DONATED STOCK, WE USE OUR EXTERNAL BROKERAGE FIRM TO PROCESS AND SELL THE STOCK. |
| Schedule M, Part I Explanations of reporting method for number of contributions | Real estate - Other - Land donations Number of contributions |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body | THE TRUST IS A CHARITABLE TRUST CREATED PURSUANT TO PUERTO RICO LAW AND ITS GOVERNING DOCUMENTS. ITS DEED OF TRUST WHICH, CONSISTENT WITH TRUST LAW, ENTRUSTS UPON THE BOARD OF TRUSTEES THE AUTHORITY WITH RESPECT TO THE GENERAL GOVERNANCE OF THE TRUST AND ITS ASSETS. PURSUANT TO THE DEED OF TRUST THE TRUSTEES ARE ASSISTED IN THE DAY-TO DAY-MANAGEMENT OF THE TRUST BY AN EXECUTIVE DIRECTOR AND, FURTHER, BY AN ADVISORY COUNCIL CREATED BY THE DEED OF TRUST. THE ADVISORY COUNCIL IS RESPONSIBLE GENERALLY FOR MAKING RECOMMENDATIONS TO THE TRUSTEES ON TRUST FUND EXPENDITURES DIRECTED AT FULFILLING THE TRUST'S MISSION. BOTH THE BOARD OF TRUSTEES AND THE ADVISORY COUNCIL REGULARLY MEET AND KEEP MINUTES OF THEIR RESPECTIVE MEETINGS. THERE ARE NO OTHER GOVERNANCE BODIES CONTEMPLATED BY THE DEED OF TRUST, WHETHER COMMITTEES OR ANY OTHERS. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | THE COMPTROLLER REVIEWS THE FINAL DRAFT AND THEN PASSES IT TO THE LEGAL COUNSEL FOR A SECOND REVIEW. IT THEN GOES TO THE EXECUTIVE DIRECTOR, WHO, IN TURN, DIRECTS IT TO THE TRUSTEES. THE TRUSTEES HAVE TWO DAYS TO REACT OR COMMENT. AFTER THIS PERIOD, THE DRAFT IS CONSIDERED APPROVED. |
| Form 990, Part VI, Line 12c Conflict of interest policy | BOTH THE PUERTO RICO CONSERVATION TRUST AND PARA LA NATURALEZA, INC. HAVE WRITTEN POLICIES GOVERNING CONFLICTS OF INTEREST. THESE POLICIES ARE REGULARLY AND THOROUGHLY REVIEWED BY THE LEGAL DEPARTMENT AND EXTERNAL COUNSEL. FURTHERMORE, AS A COMPLIANCE REQUIREMENT, BOTH POLICIES MUST BE AFFIRMED YEARLY BY MEMBERS OF THE BOARD OF TRUSTEES AND OF PLN'S GOVERNING BOARD. THE GOAL OF THESE POLICIES IS TO RAISE AWARENESS AND ENCOURAGE DISCLOSURE AND DISCUSSION OF POSSIBLE CONFLICTS OF INTERTEST, CREATING A CORPORATE ENVIRONMENT OF OPENNESS AND TRANSPARENCY. THE POLICY REQUIRES DISCLOSURE OF POTENTIAL OR ACTUAL CONFLICT OF INTEREST AND BARS INTERESTED TRUSTEES FROM VOTING ON MATTERS IN WHICH CONFLICT MAY OR EFFECTIVELY DOES EXIST. PRCT'S POLICY DETERMINES WHETHER ANY DIRECTOR, PRINCIPAL OFFICER OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS HAVE CONFLICTING INTERESTS. FURTHERMORE, BEING AN ACCREDITED MEMBER OF THE LAND TRUST ALLIANCE (LTA), PRCT'S CONFLICT OF INTEREST POLICY FOLLOWS THE LAND TRUST STANDARDS AND PRACTICES WHICH REQUIRES INCLUSION IN THE POLICY OF A GROUP PEOPLE WHO ARE NOT PART OF THE DECISION-MAKING PROCESS BUT MAY HAVE THE ABILITY TO INFLUENCE DECISIONS. THIS GROUP INCLUDES SUBSTANTIAL CONTRIBUTORS OR PARTIES RELATED TO ANY INSIDERS WHO HAS DIRECT OR INDIRECT FINANCIAL INTEREST, AND OTHER PEOPLE WHO MAY HAVE ACCESS TO CONFIDENTIAL INFORMATION SUCH AS FORMER EMPLOYEES OR DIRECTORS. PRCT POLICY ADDRESSES DIFFERENT TYPES OF CONFLICTING INTEREST: 1. DIRECT FINANCIAL INTEREST EXAMPLE: A TRUSTEE HAS A COMPANY THAT PROVIDES SERVICES TO THE ORGANIZATION, RESULTING IN THE TRUSTEE RECEIVING INCOME FROM THE PROFITS. 2. INDIRECT FINANCIAL INTEREST EXAMPLE: A SPOUSE OR CHILD OF A TRUSTEE IS HIRED BY THE ORGANIZATION. 3. NONFINANCIAL GAIN, BENEFIT TO A MEMBER EXAMPLE: A TRUSTEE OR SOMEONE RELATED TO A TRUSTEE RECEIVES A SERVICE FROM THE ORGANIZATION OR USES ANY ASSET OF THE ORGANIZATION AT NO COST, WHEN ALL OTHERS MUST PAY FOR THAT SAME SERVICE. AS PER MANAGEMENT OF CONFLICTS, THE POLICY STATES THE FOLLOWING PROCESS. WHAT TYPICALLY HAPPENS WHEN A TRUSTEE REALIZES THAT EITHER ANOTHER TRUSTEE OR THAT SAME TRUSTEE HAS A CONFLICT OF INTEREST IS THAT A NOTIFICATION IS MADE TO THE BOARD OF TRUSTEES. PRCT'S BOARD OF TRUSTEES DOES NOT HAVE ANY STANDING COMMITTEES, SO CONSIDERATION OF THE MATTER IS BROUGHT BEFORE THE WHOLE BOARD. THE BOARD IS RESPONSIBLE WITH INVESTIGATING THE POSSIBLE CONFLICT OF INTEREST AND REQUIRING THE APPROPRIATE DIVULGATIONS OR CORRECTIVE ACTIONS. THE BOARD OF TRUSTEES SHOULD DECIDE WHETHER IT IS POSSIBLE TO PURSUE ANOTHER TRANSACTION OR ACTION THAT DOES NOT PERTAIN CONFLICTING INTERESTS. IT IS PRCT AND PLN POLICY TO AVOID ALL TYPES OF REAL OR APPARENT CONFLICT OF INTERESTS AND TRANSACTIONS IN WHICH CONFLICTING INTERESTS ARISE ARE STRONGLY DISCOURAGED. THE CONFLICTED TRUSTEE IS REMOVED FROM PARTICIPATING IN ANY DECISION REGARDING THE POSSIBLE CONFLICT OF INTEREST. IN CONCLUSION, PRCT'S CONFLICT OF INTEREST POLICY EFFECTIVELY PROTECTS THE ORGANIZATION FROM ISSUES REGARDING CONFLICTS OF INTEREST BY MAINTAINING A DISCLOSURE REQUIREMENT AND PROHIBITING PARTICIPATION OF CONFLICTED MEMBERS OR OFFICERS. THE POLICY COMPLIES WITH IRS INSTRUCTIONS ON THE FORM 990 REQUIRING A WRITTEN POLICY, ANNUAL DISCLOSURE AND MONITORING. FURTHERMORE, THE POLICY ADOPTS LTA STANDARD AND PRACTICES TO EXPAND HOW A CONFLICTING INTEREST ARE DETERMINED. |
| Form 990, Part VI, Line 19 Required documents available to the public | THE TRUST'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. ALL PETITIONS OF INFORMATION REQUESTED THROUGH THE MAIL, TELEPHONE, ELECTRONIC MAIL OR WEBSITE, ARE CHANNELED THROUGH THE LEGAL COUNCIL, WHO DISTRIBUTES THE DOCUMENTS TO THE REQUESTER. |
| Form 990, Part VIII, Line 11d Other Miscellaneous Revenue | Other Income - Total Revenue: 21768, Related or Exempt Function Revenue: 21768, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; |
| Form 990, Part XII, Line 2c Change of oversight process or selection process | THE BOARD OF TRUSTEES DOES NOT HAVE AN AUDIT COMMITTEE SINCE IT CONSISTS OF ONLY THREE (3) MEMBERS. THE THREE TRUSTEES ASSUME THE OVERSIGHT AND SELECTION PROCESS OF INDEPENDENT AUDITORS. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| PARA LA NATURALEZA INC | ||||||||||
| PO BOX 9023978 | SAN JUAN | PR | 00902 | 660801404 | SECURING ECOLOGICAL SYSTEMS FOR PR | PR | 501(c)(3) | PF | NA | Yes (true) |
| COMMONWEALTH OF PUERTO RICO | ||||||||||
| PO BOX 9020082 | SAN JUAN | PR | 00902 | 660433481 | LOCAL GOVERNMENT | PR | 501(c)(1) | NA | false | |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JAGUEY AGRO CORPORATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 9022708 | AddressLine1Txt |
| City | SAN JUAN | CityNm |
| State Abbreviation | PR | StateAbbreviationCd |
| ZIP | 009022708 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 611417667 | EIN |
| Primary Activities | AGRICULTURAL BUSINESS | PrimaryActivitiesTxt |
| Legal Domicile State | PR | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PUERTO RICO CONSERVATION TRUST FUND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C Corporation | EntityTypeTxt |
| Share Of Total Income | $4,000 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $133,478 | ShareOfEOYAssetsAmt |
| Ownership | 1 | OwnershipPct |
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (true) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |