PUERTO RICO SCIENCE TECHNOLOGY AND RESEARCH TRUST: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- PUERTO RICO SCIENCE TECHNOLOGY AND RESEARCH TRUST (EIN 66-0675963)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-05-13
- IRS object ID
- 202511339349308291
- Schema version
- 2023v6.0
- 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 | 2025-05-13T17:26:44-04:00 | ReturnTs |
| Tax Period End | 2024-06-30 | 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 | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 660675963 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PUERTO RICO SCIENCE TECHNOLOGY | BusinessNameLine1Txt |
| Business Name Line2 | AND RESEARCH TRUST | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PUER | BusinessNameControlTxt |
| Phone | 7875231592 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 363475 | AddressLine1Txt |
| City | SAN JUAN | CityNm |
| State Abbreviation | PR | StateAbbreviationCd |
| ZIP | 00936 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GILBERTO MARQUEZ | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 7875231592 | PhoneNum |
| Signature | 2025-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RAFAEL DE ROJAS SANCHEZ | PreparerPersonNm |
| PTIN | P01034935 | PTIN |
| Phone | 7877516164 | PhoneNum |
| Preparation | 2025-05-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | GILBERTO MARQUEZ | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 363475 | AddressLine1Txt |
| City | SAN JUAN | CityNm |
| State Abbreviation | PR | StateAbbreviationCd |
| ZIP | 00936 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $36,298,040 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | HTTP://PRSCIENCETRUST.ORG | WebsiteAddressTxt |
| Type Of Organization Trust | Yes (X) | TypeOfOrganizationTrustInd |
| Formation | 2004 | FormationYr |
| Activity Or Mission | FACILITATE AND BUILD CAPACITY TO CONTINUALLY ADVANCE PUERTO RICO'S ECONOMY AND ITS CITIZEN'S WELL BEING THROUGH INNOVATION, SCIENCE AND TECHNOLOGY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 250 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $21,514,936 | PYContributionsGrantsAmt |
| CY Contributions Grants | $33,960,329 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,793,835 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,825,156 | CYInvestmentIncomeAmt |
| PY Other Revenue | $484,570 | PYOtherRevenueAmt |
| CY Other Revenue | $512,555 | CYOtherRevenueAmt |
| PY Total Revenue | $24,793,341 | PYTotalRevenueAmt |
| CY Total Revenue | $36,298,040 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $10,567,032 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $12,018,180 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $17,008,813 | PYOtherExpensesAmt |
| CY Other Expenses | $20,017,770 | CYOtherExpensesAmt |
| PY Total Expenses | $27,575,845 | PYTotalExpensesAmt |
| CY Total Expenses | $32,035,950 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$2,782,504 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $4,262,090 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $132,062,123 | TotalAssetsBOYAmt |
| Total Assets EOY | $137,406,248 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $6,808,676 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,171,415 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $125,253,447 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $133,234,833 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | FACILITATE AND BUILD CAPACITY TO CONTINUALLY ADVANCE PUERTO RICO'S ECONOMY AND ITS CITIZEN'S WELL BEING THROUGH INNOVATION, SCIENCE AND TECHNOLOGY. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | SEE SCHEDULE O | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $25,360,617 | ExpenseAmt |
| Desc | ALL OTHER ACCOMPLISHMENTS | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $25,360,617 | TotalOtherProgSrvcExpenseAmt |
| Total Program Service Expenses | $25,360,617 | 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 | Yes (true) | 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 | 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 | 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 | false | BackupWthldComplianceInd |
| Employee | 250 | 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 | 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 | false | WhistleblowerPolicyInd |
| Document Retention Policy | false | 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 | GILBERTO MARQUEZ | PersonNm |
| Phone | 7875231592 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 363475 | AddressLine1Txt |
| City | SAN JUAN | CityNm |
| State Abbreviation | PR | StateAbbreviationCd |
| ZIP | 009363475 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|
| LUZ A CRESPO VALENTIN | ||||||
| CEO | 40.00 | Yes (X) | $317,561 | $0 | $0 | |
| DOIRA DIAZ | ||||||
| GENERAL CONS | 40.00 | Yes (X) | $160,600 | $0 | $0 | |
| GILBERTO MARQUEZ | ||||||
| CFO | 40.00 | Yes (X) | $151,900 | $0 | $0 | |
| GUADALUPE VAZQUEZ | ||||||
| CHIEF COMM. | 40.00 | Yes (X) | $126,843 | $0 | $0 | |
| DR ESTHER ALEGRIA | ||||||
| TRUSTEE | $0 | $0 | $0 | Yes (X) | ||
| ALFREDO CASTA | ||||||
| TRUSTEE | $0 | $0 | $0 | Yes (X) | ||
| DR UBALDO CORDOVA | ||||||
| DR. | $0 | $0 | $0 | Yes (X) | ||
| MICHAEL A CALIGIURI MD | ||||||
| TRUSTEE | 0.00 | $0 | $0 | $0 | Yes (X) | |
| GUALBERTO GIL MEDINA | ||||||
| TRUSTEE | $0 | $0 | $0 | Yes (X) | ||
| MR FELIX NEGRON | ||||||
| TRUSTEE | $0 | $0 | $0 | Yes (X) | ||
| SEBASTIAN NEGRON | ||||||
| TRUSTEE | $0 | $0 | $0 | Yes (X) | ||
| DR EDITH A PEREZ | ||||||
| TRUSTEE | $0 | $0 | $0 | Yes (X) | ||
| DR DANIEL COLON RAMOS | ||||||
| TRUSTEE | $0 | $0 | $0 | Yes (X) | ||
| FRANCES SANTIAGO-SCHWARZ | ||||||
| TRUSTEE | $0 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $756,904 | TotalReportableCompFromOrgAmt |
| Indiv Rcvd Greater Than100 K | 4 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| IG BUILDERS CONSTRUCTION | |||||
| 576 ARTERIAL B COLISEUM TOWER | SAN JUAN | PR | 00918 | CONSTRUCTION | $1,796,358 |
| CUBE GROUP INC | |||||
| PO BOX 368133 | SAN JUAN | PR | 00936 | MANAGEMENT SERV | $307,718 |
| PERFECT INTEGRATE SOLUTIONS | |||||
| PMB 115 0 GRAND PASEO BLVD | SAN JUAN | PR | 00927 | CLEANING SERVIC | $260,499 |
| MANPOWER | |||||
| 21271 NETWORK PLACE | CHICAGO | IL | 60673 | STAFFING SERVIC | $209,196 |
| ST JAMES SECURITY SERVICES | |||||
| PO BOX 270027 | SAN JUAN | PR | 009282827 | SECURITY SERVIC | $191,918 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 13 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $16,575,402 | GovernmentGrantsAmt |
| All Other Contributions | $17,384,927 | AllOtherContributionsAmt |
| Total Contributions | $33,960,329 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,825,156 | TotalRevenueColumnAmt |
| Exclusion | $1,825,156 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $44,131 | RealAmt |
| Personal | $279,145 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $44,131 | RealAmt |
| Personal | $279,145 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $323,276 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $323,276 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Total Revenue Column | $189,279 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $189,279 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $189,279 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $36,298,040 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $512,555 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $1,825,156 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $756,904 | TotalAmt |
| Management And General | $756,904 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,718,651 | TotalAmt |
| Program Services | $6,485,465 | ProgramServicesAmt |
| Management And General | $1,233,186 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,542,625 | TotalAmt |
| Program Services | $2,802,121 | ProgramServicesAmt |
| Management And General | $740,504 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $94,575 | TotalAmt |
| Program Services | $73,356 | ProgramServicesAmt |
| Management And General | $21,219 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $109,638 | TotalAmt |
| Management And General | $109,638 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,895,680 | TotalAmt |
| Program Services | $4,019,330 | ProgramServicesAmt |
| Management And General | $876,350 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $428,452 | TotalAmt |
| Program Services | $339,312 | ProgramServicesAmt |
| Management And General | $89,140 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,228 | TotalAmt |
| Management And General | $6,228 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,906,424 | TotalAmt |
| Program Services | $1,345,747 | ProgramServicesAmt |
| Management And General | $560,677 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $564,578 | TotalAmt |
| Management And General | $564,578 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| FEDERAL SPONSORED PROGRAM | $3,659,777 | $3,659,777 | |
| PARALLEL 18 GRANTS | $1,509,329 | $1,509,329 | |
| SUPPLIES | $1,484,426 | $1,450,599 | $33,827 |
| CATALYZER RESEARCH GRANT | $1,035,103 | $1,035,103 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,323,560 | TotalAmt |
| Program Services | $2,640,478 | ProgramServicesAmt |
| Management And General | $1,683,082 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,035,950 | TotalAmt |
| Program Services | $25,360,617 | ProgramServicesAmt |
| Management And General | $6,675,333 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,514,056 | BOYAmt |
| EOY | $18,230,436 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,327,907 | BOYAmt |
| EOY | $3,604,243 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,359 | BOYAmt |
| EOY | $105,461 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $65,931,610 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $6,820,587 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,795,953 | BOYAmt |
| EOY | $59,111,023 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,377,587 | BOYAmt |
| EOY | $56,206,632 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,261 | BOYAmt |
| EOY | $148,453 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $132,062,123 | BOYAmt |
| EOY | $137,406,248 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,875,945 | BOYAmt |
| EOY | $3,223,725 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,753,965 | BOYAmt |
| EOY | $636,832 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $178,766 | BOYAmt |
| EOY | $310,858 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,808,676 | BOYAmt |
| EOY | $4,171,415 | 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 | $101,928,761 | BOYAmt |
| EOY | $105,117,035 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,324,686 | BOYAmt |
| EOY | $28,117,798 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $125,253,447 | BOYAmt |
| EOY | $133,234,833 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $132,062,123 | BOYAmt |
| EOY | $137,406,248 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $4,262,090 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | -$2 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $3,719,298 | OtherChangesInNetAssetsAmt |
| 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) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $26,887,235 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $31,666,443 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $36,774,594 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $21,514,936 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $33,960,329 | CurrentTaxYearAmt |
| Total | $150,803,537 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $26,887,235 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $31,666,443 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $36,774,594 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $21,514,936 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $33,960,329 | CurrentTaxYearAmt |
| Total | $150,803,537 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $150,803,537 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,386,341 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $847,297 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $943,548 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,793,835 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,148,432 | CurrentTaxYearAmt |
| Total | $10,119,453 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $268,753 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $348,742 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $343,309 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $282,279 | CurrentTaxYearMinus1YearAmt |
| Total | $1,243,083 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $223,340 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $70,880 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $123,778 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $202,291 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $189,279 | CurrentTaxYearAmt |
| Total | $809,568 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $162,975,641 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,758,432 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.92530 | PublicSupportCY170Pct |
| Public Support PY170 | 0.92600 | PublicSupportPY170Pct |
| 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 | 809,568 | ExplanationTxt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $41,278,263 | OtherCostOrOtherBasisAmt |
| Book Value | $41,278,263 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $17,663,821 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,808,709 | DepreciationAmt |
| Book Value | $15,855,112 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $829,068 | OtherCostOrOtherBasisAmt |
| Depreciation | $783,797 | DepreciationAmt |
| Book Value | $45,271 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,435,866 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,626,134 | DepreciationAmt |
| Book Value | $1,809,732 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $724,592 | OtherCostOrOtherBasisAmt |
| Depreciation | $601,947 | DepreciationAmt |
| Book Value | $122,645 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $59,111,023 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| INVESTMENT IN LOCAL VENTURES | $51,837,920 | F |
| INVESTMENT IN LOCAL VENTURES | $1,798,807 | F |
| SECURITY DEPOSITS | $1,489,905 | F |
| INVESTMENT IN LOCAL VENTURES | $1,080,000 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $56,206,632 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LONG TERM DEBT | Desc |
| Amt | $310,858 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $310,858 | TotalLiabilityAmt |
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 (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|
| LUZ A CRESPO VALENTIN | ||
| CEO | $317,561 | $317,561 |
| DOIRA DIAZ | ||
| GENERAL CONSUEL & AD | $160,600 | $160,600 |
| GILBERTO MARQUEZ | ||
| CFO | $151,900 | $151,900 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 2, PART III, LINE 4D | ALL OTHER ACCOMPLISHMENTS |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE RETURN IS PREPARED BY RSM PUERTO RICO (EXTERNAL AUDITORS AND TAX ADVISORS), INFORMATION REPORTED IN THE RETURN IS PROVIDED BY MANAGEMENT OF PUERTO RICO SCIENCE, TECHNOLOGY & RESEARCH TRUST. DURING THE PREPARATION OF THE RETURN RSM PUERTO RICO AND MANAGEMENT ARE IN CONSTANT COMMUNICATION SHARING AND CONFIRMING THE INFORMATION IN THE RETURN. WHEN COMPLETED THE RETURN IS PROVIDED TO THE ORGANIZATION'S ACCOUNTING DIRECTOR FOR FINAL REVIEW PRIOR TO FILING. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE WRITTEN POLICY REQUIRES DISCLOSURE WHEN A CONFLICT OF INTEREST ARISES. |
| FORM 990, PAGE 6, PART VI, LINE 19 | NO DOCUMENTS AVAILABLE TO THE PUBLIC. |
| FORM 990, PART IX, LINE 11G | OTHER PROFESSIONAL SERVICES 4,019,330 876,350 0 |
| FORM 990, PART IX, LINE 24E | OTHER EXPENSES 520,793 224,506 0 SOFTWARE EXP 148,106 461,375 0 ADVANCE RESEARCH PROGRAMS 501,727 0 0 MAINTENANCE & REPAIRS 46,972 409,286 0 DUES AND SUBSCRIPTIONS 425,614 28,876 0 OTHER RESEARCH GRANTS 336,777 0 0 RENTS 199,096 77,618 0 UTILITIES 81,814 139,181 0 MEETING FEES & EXPENSES 98,382 105,807 0 ADVERTISING 158,161 30,173 0 CAPACITY BUILDING AND SP 15,000 118,760 0 NON-CAPITALIZABLE EQPMT 36,853 44,078 0 TELECOMMUNICATIONS 20,623 42,970 0 MATCHING GRANTS 50,000 0 0 BANK CHARGES 560 452 0 TOTAL 2,640,478 1,683,082 0 |
| FORM 990, PART XI, LINE 9 | UNREALIZED GAIN 3,719,298 |
Comments