POPULAR FOUNDATION INC: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- POPULAR FOUNDATION INC (EIN 47-4997597)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-09
- IRS object ID
- 202133139349100008
- Schema version
- 2020v4.1
- 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-PF
- Schedule B
- Depreciation Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-09T07:47:27-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 474997597 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Popular Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % COMPTROLLERS DIVISION | InCareOfNm |
| Business Name Control | POPU | BusinessNameControlTxt |
| Phone | 7877258861 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 85 Broad Street 10th floor | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Eduardo Negron | PersonNm |
| Person Title | Treasurer | PersonTitleTxt |
| Phone | 7877659800 | PhoneNum |
| Signature | 2021-11-10 | SignatureDt |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Eduardo | PersonFirstNm |
| Person Last | Negron | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Additional Filer Information AdditionalFilerInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | TrustedCustomerGrp |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $3,332,272 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $898,014 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $75,589 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $75,589 | DividendsNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $973,603 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $75,589 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $18,300 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Dsbrs Chrtbl | $18,300 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $3,765 | TaxesRevAndExpnssAmt |
| Taxes Dsbrs Chrtbl | $3,765 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $74,000 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $74,000 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $96,065 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $96,065 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,230,457 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,230,457 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,326,522 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,326,522 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$352,919 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $75,589 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $516,147 | CashBOYAmt |
| Cash EOY | $95,867 | CashEOYAmt |
| Cash EOYFMV | $95,867 | CashEOYFMVAmt |
| Acct Rcvbl | $11,132 | AcctRcvblAmt |
| Acct Rcvbl BOY | $9,014 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $11,132 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $11,132 | AcctRcvblEOYFMVAmt |
| Other Investments BOY | $2,491,319 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $3,225,273 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $3,225,273 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $3,016,480 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,332,272 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $3,332,272 | TotalAssetsEOYFMVAmt |
| Grants Payable BOY | $100,000 | GrantsPayableBOYAmt |
| Grants Payable EOY | $434,742 | GrantsPayableEOYAmt |
| Total Liabilities BOY | $100,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $434,742 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $793,179 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $586,233 | NoDonorRstrNetAssestsEOYAmt |
| Donor Rstr Net Assets BOY | $2,123,301 | DonorRstrNetAssetsBOYAmt |
| Donor Rstr Net Assets EOY | $2,311,297 | DonorRstrNetAssetsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $2,916,480 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $2,897,530 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $3,016,480 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $3,332,272 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $2,916,480 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$352,919 | ExcessRevenueOverExpensesAmt |
| Other Increases | $333,969 | OtherIncreasesAmt |
| Subtotal | $2,897,530 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $2,897,530 | TotNetAstOrFundBalancesEOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cap Gains Loss Tx Invst Incm Detail | CapGainsLossTxInvstIncmDetail |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,051 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $1,051 | SubtotalAmt |
| Tax Based On Investment Income | $1,051 | TaxBasedOnInvestmentIncomeAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $0 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $22 | EsPenaltyAmt |
| Tax Due | $1,073 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | FL | OrgReportOrRegisterStateCd |
| Org Report Or Register State | IL | OrgReportOrRegisterStateCd |
| Org Report Or Register State | NJ | OrgReportOrRegisterStateCd |
| Org Report Or Register State | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | www.popularbank.com/about-us/in-the-community | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COMPTROLLERS DIVISION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7877659800 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 208 PONCE DE LEON AVE | AddressLine1Txt |
| City | san juan | CityNm |
| State Abbreviation | PR | StateAbbreviationCd |
| ZIP | 00918 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (true) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (9 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| Richard L Carrion | |||||||||
| 208 Ponce de Leon Ave | Popular Center Building 3rd Floor | San Juan | PR | 00918 | Chairman, Director | 1.0 | $0 | $0 | $0 |
| Carlos Vazquez | |||||||||
| 208 Ponce de Leon Ave | Popular Center Building 3rd Floor | San Juan | PR | 00918 | Vice Chairman, Director | 1.0 | $0 | $0 | $0 |
| Beatriz Polhamus | |||||||||
| 167 Ponce de Leo Ave | Hao Rey | San Juan | PR | 00917 | Executive Director, Director | 1.0 | $0 | $0 | $0 |
| Eduardo J Negron | |||||||||
| 208 Ponce de Leon Ave | Popular Center Building 3rd Floor | San Juan | PR | 00918 | Treasurer, Director | 1.0 | $0 | $0 | $0 |
| Christopher Lalan | |||||||||
| 85 Broad Street 10th FLoor | New York | NY | 10004 | Secretary | 1.0 | $0 | $0 | $0 | |
| Ignacio Alvarez Zatarain | |||||||||
| 85 Broad Street 10th floor | Popular Center Building 3rd Floor | San Juan | PR | 00918 | Director | 1.0 | $0 | $0 | $0 |
| Manuel Chinea | |||||||||
| 85 Broad Street 10th Floor | New York | NY | 10004 | Director | 1.0 | $0 | $0 | $0 | |
| Caty Vuong | |||||||||
| 85 Broad Street 10th Floor | New York | NY | 10004 | Director | 1.0 | $0 | $0 | $0 | |
| Israel Velasco | |||||||||
| 85 Broad Street 10th Floor | New York | NY | 10004 | Director | 1.0 | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $2,858,296 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $306,007 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $10,072 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $3,174,375 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $3,174,375 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $47,616 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $3,126,759 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $156,338 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $156,338 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,051 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,051 | TotalTaxAmt |
| Distributable Before Adj | $155,287 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $155,287 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $155,287 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,326,522 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $1,326,522 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,326,522 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $155,287 | DistributableAsAdjustedAmt |
| Prior Year1 | 2018 | PriorYear1Yr |
| Prior Year2 | 2017 | PriorYear2Yr |
| Prior Year3 | 2016 | PriorYear3Yr |
| Excess Distribution Cyov Yr5 | $474,203 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $197,931 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $260,765 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,899,461 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $321,464 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $3,153,824 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,326,522 | QualifyingDistributionsAmt |
| Applied To Current Year | $155,287 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,171,235 | RemainingDistriFromCorpusAmt |
| Total Corpus | $4,325,059 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $474,203 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $3,850,856 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $197,931 | ExcessFromYear4Amt |
| Excess From Year3 | $260,765 | ExcessFromYear3Amt |
| Excess From Year2 | $1,899,461 | ExcessFromYear2Amt |
| Excess From Year1 | $321,464 | ExcessFromYear1Amt |
| Excess From Current Year | $1,171,235 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Beatriz Polhamus | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 85 Broad Street | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Email Address | Beatriz.Polhamus@popular.com | RecipientEmailAddressTxt |
| Form And Info And Materials | Formal Grant Request | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE | SubmissionDeadlinesTxt |
| Restrictions On Awards | Request for individual grants not elegible. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (29 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Bottomless Closet Inc | |||||||
| 15 East 52nd Street 15th floor | New York | NY | 10022 | N/A | PF | We are applying for support our workshop series designed around 3 core pillars:Financial Management, Professional Development and Personal Enrichment aimed at promoting self sufficiency and Financial Independence | $10,000 |
| Bronx Works Inc | |||||||
| 60 East Tremont Avenue | Bronx | NY | 10453 | PF | Offers workshops and one on one counseling to help youth and their parents with the transition from middle to high school, high scholl to college and beyond. | $10,000 | |
| Brooklyn Rescue MissionInc | |||||||
| 255 Bainbridge St | Brooklyn | NY | 11233 | PF | The growing success program engages local youth to become food justice leaders to combat hunger and poor health issues in the community. | $10,000 | |
| Fresh Youth InitiativesInc | |||||||
| 505 West 171 st Street | New York | NY | 10032 | PF | Assisting low income immigrant and first generation children in Washington Heights, NYC to strengthen their academic and social emotional skills | $5,000 | |
| Hearts of Gold Inc | |||||||
| 11 West 25th Street | New York | NY | 10010 | PF | Provides private and semiprivate educational tutoring and enrichment programs to homeless and formerly homeless low-income children living in New York City | $5,000 | |
| I have a Dream Foundation | |||||||
| 322 8th Avenue Suite 202 | New York | NY | 10001 | PF | Enhancing services to meet the needs of our communities during Covid-19 and the hybrid learning model that schools have embraced this academic year. | $5,000 | |
| Kingsbridge Heights Community CenterInc | |||||||
| 3101 Kingsbridge Terrace | Bronx | NY | 10463 | PF | KHCC is requesting funding for its teen center youth development programming, during a unique and troubling period of school disconnection, family isolation and emotional turbulence among many neighborhood youth. | $5,000 | |
| Legal Information for Families TodayInc | |||||||
| 32 Court Street Suite 1208 | Brooklyn | NY | 11201 | PF | Family law education and community outreach project adapts to the current reality of Covid-19 by meeting the great need for distance learning and online services. It primarily entails a monthly series of interactive webinars. | $10,000 | |
| Northern Manhattan Improvement CorporationInc | |||||||
| 45 Wadsworth Avenue | New York | NY | 10033 | PF | Works with community members and partners organizations to recruit, develop, launch and provide ongoing support to worker-owned cooperatives businesses and their respective members. | $10,000 | |
| Open Door NjNyInc | |||||||
| 7004 Boulevard East Suite 16A | Guttenberg | NJ | 07093 | PF | The open door is requesting $5 for the purchases of 50 computer literacy curriculum books with CD Roms. we have already secured (partial) funding for new laptops; we need the curriculums now to complete our project. | $5,000 | |
| Search and CareInc | |||||||
| 1844 Second Avenue | New York | NY | 10128 | PF | Title: Money Matters. Our team-Bilingual LMSW Program coordinator, 8 financial navigators and money matters emergency food/supplies asst.-provides money management services and emergency groceries/supply orders for vulnerable older people. | $5,000 | |
| Union Settlement AssociationInc | |||||||
| 237 East 104th Street | New York | NY | 10029 | PF | Helps low income seniors at two high schools in New York City successfully navigate the college application process and gain admission to a college that matches their academic potential and career goals. | $5,000 | |
| Urban Workforce AdvantageInc | |||||||
| 66 Elmora Avenue | Elizabeth | NJ | 07202 | PF | Project ABLE will provide adult basic skills and english as a second language instruction, employment readiness skills and citizenship to adults with limited english profiency/literacy in Hudson and Union Counties, NJ. | $10,000 | |
| Violence Intervention ProgramInc | |||||||
| PO Box 1161 | New York | NY | 10035 | PF | request funds for ArteSanando, an economic empowerment workshop series for immigrant survivors of domestic and sexual violence. | $10,000 | |
| Women's Housing and economic DevelopmentInc | |||||||
| 50 East 168 street | Bronx | NY | 10452 | PF | Strengthen the academic, critical thinking and literacy skills of youth. It promotes educational and vocational success, cultivates the leadership skills of youth and installs healthy behavior practice. | $5,000 | |
| Accion East (Miami)Inc | |||||||
| 80 Maiden Lane Suite 903 | New York | NY | 10038 | PF | Will provide 600 small business owners in Miami with financial education resources tailored to the Covid-19 pandemic, of which 100 will receive over $1 million to survive and recover. | $5,000 | |
| Chapman PartnershipInc | |||||||
| 1550 North Miami avenue 2nd floor | Miami | FL | 331362015 | PF | Short term apprenticeship where participants age 18 and above earn nationally recognized certifications in industries that pay a living wage, provide advancement opportunities, and are resistant to Covid layoffs. | $10,000 | |
| Network for Teaching Entrepreneurship Inc | |||||||
| 300 NE 2nd Ave Suite 8501 | Miami | FL | 33132 | PF | Entrepreneurship in Every School (EES) initiative prepares young people for the future of work by focusing on the development of the entrepreneurial mindset through the courses of the NFTE Entrepreneurship Pathway. | $10,000 | |
| South florida Center for Financial TrainingInc | |||||||
| 245 N E 4th Street Room 3704-10 | Miami | FL | 33132 | Student Teaching Students: A Financial Literacy project. The project will target Miami Dade College Campus students and their families. The overall goal of the project is raise financial literacy awareness among first-generation college students. | $10,000 | ||
| Aspire of IllinoisInc | |||||||
| 9901 Derby Lane | Westchester | IL | 60154 | PF | Aspire's Employment Services provide job training, and employment including long- term coaching and employer technical assistance. This project supports successful employment of people with disabilities for the benefit of both employees and employers. | $9,000 | |
| Junior achievement of New York | |||||||
| 420 Lexington Avenue suite 205 | New York | NY | 10170 | PF | Engaging Popular Volunteers to Teach Financial Literacy to K-12 Students Funding will support the virtual delivery of JA's curriculum to students in schools from high-need and underserved communities in New York City utilizing Popular volunteers | $20,000 | |
| Thelma Gibson Health InitiativeInc | |||||||
| 3634 Grand Ave | Miami | FL | 33133 | PF | TGHI's COVID-19 Employment, Mental Health & Substance Abuse Outreach Program: Provide immediate wrap-around job training,substance abuse & mental health counseling services to 84 known seniors, adult & youth users & human trafficking victims | $22,000 | |
| Junior Achievement MiamiInc | |||||||
| 301 71st Street second floor | Miami Beach | FL | 33141 | PF | Empowering Youth: This project will support Junior Achievement's effort to empower over 30,000 K-12 grade students in South Florida to own their economic success. | $20,000 | |
| Cristo Rey New York | |||||||
| 112 East 106th Street | New York | NY | 10029 | PF | Corporate Work Study Program to offer students from low-income households an affordable, quality college preparatory education and a real life experience. | $24,900 | |
| Relief Bahamas | |||||||
| 85 Broad Street 1oth floor | New York | NY | 10004 | PF | Embfracing Bahamas is a relief effort dedicated to providing assistance to effected communities as they recover and reduild form Huracane Maria. Donations received will be granted to the non-profit organizations we support in Bahamas. | $1,815 | |
| Verizon | |||||||
| VC44S09 Baking Ridge | New Jersey | NJ | 07920 | PF | Verizon grant made to Popular Foundation was donated to PR Centro de Artes y Tecnnologia (PRCAT) | $100,000 | |
| LTC Hispanic Federation | |||||||
| 55 Exchange Place suite 501 | New York | NY | 10005 | PF | Five year collaboration agreement of Banco Popular of Puerto Rico ("BPPR") and Popular Foundation (" PF") with the Hispanic Federation Annual Gala ("The Program") "virtual or in person", organized by Hispanic Federation. The two main objectives of the Program are to expand awareness of the Federation's mission and work, and to increase essential unrestricted funds to undertake Hispanic Federation's mission. | $412,742 | |
| Hispanic Federation-Abrazando a PR | |||||||
| 55 Exchange Place suite 501 | New York | NY | 10005 | PF | On September 25, 2017, the Foundation launched a new relief effort called "Embracing Puerto Rico" to reconstruct Puerto Rico after the Hurricane Maria on September 20, 2017. In 2020, Hispanic Federation was the sole contributor to that fund. | $325,000 | |
| Hispanic Business Initiative F | |||||||
| 55 Exchange Place suite 501 | New York | NY | 10005 | PF | Five year collaboration agreement of Banco Popular of Puerto Rico ("BPPR") and Foundation (" PF") with the Hispanic Federation Annual Gala ("The Program") "virtual or in person", organized by Hispanic Federation. The two main objectives of the Program are to expand awareness of the Federation's mission and work, and to increase essential unrestricted funds to undertake Hispanic Federation's mission. | $150,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,230,457 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp | |
| Int On Sav And Temp Cash Invst | IntOnSavAndTempCashInvstGrp |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $75,589 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Incm Part VII | OtherInvestmentIncmPartVIIGrp | |
| Gain Sales Ast Oth Than Invntry | GainSalesAstOthThanInvntryGrp | |
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $75,589 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $75,589 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | Yes (true) | RelationshipsNonchrtblEOInd |
Relationship Schedule Detail RelationshipScheduleDetail
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FUNDACION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Type | PRIVATE FOUNDATION | OrganizationTypeDesc |
| Relationship Description | FUNDACION BANCO POPULAR INC. | RelationshipDescriptionTxt |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (6 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Payroll ContributionPayrollContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|---|
| Popular Bank | ||||||||
| 1 | 85 Broad Street | New York | NY | 10004 | $285,677 | Yes (X) | ||
| Manuel Chinea | ||||||||
| 2 | 85 Broad Street | New York | NY | 10004 | $10,210 | Yes (X) | Yes (X) | |
| Molly A Hime | ||||||||
| 3 | 85 Broad Streer | New York | NY | 10004 | $5,833 | Yes (X) | Yes (X) | |
| Verizon | ||||||||
| 4 | 1095 Ave of the America | New York | NY | 10036 | $100,000 | Yes (X) | ||
| Hispanic Federation | ||||||||
| 5 | 55 Exchange Placesuite 501 | New York | NY | 10005 | $325,000 | Yes (X) | ||
| Services provided by Popular Bank e | ||||||||
| 6 | 85 Broad street | New York | NY | 10004 | $74,000 | Yes (X) | ||
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 6 | ContributorNum |
| Noncash Property | Services provided by Popular Bank Employees | NoncashPropertyDesc |
| Fair Market Value | $74,000 | FairMarketValueAmt |
Depreciation Schedule DepreciationSchedule
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DONATED SERVICES | Desc |
| Revenue And Expenses Per Books | $74,000 | RevenueAndExpensesPerBooksAmt |
| Disbursements Charitable Prps | $74,000 | DisbursementsCharitablePrpsAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN ON SALE OF SECURITIES | Desc |
| Amt | $333,969 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | AUDIT FEES- BKD CPA'S ADVISORS | CategoryTxt |
| Amt | $18,300 | Amt |
| Disbursements Charitable Prps | $18,300 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| SECRETARY STATE OF ILLINOIS | $10 | $10 |
| ILLINOIS CHARITY BUREAU | $115 | $115 |
| DEPARTMENT OF LAW | $275 | $275 |
| NON RESIDENT TAX | $3,365 | $3,365 |
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