2021-11-12T16:31:06-08:00 2020-12-31 Lane & Company CPAs 1717 Pennsylvania Avenue NW Suite 4 Washington DC 20006 990 2020-01-01 660566096 CENTER FOR A NEW ECONOMY INC CENT 7876221120 PO BOX 9024240 San Juan PR 00901 MIGUEL A SOTO CLASS PRESIDENT 7876221120 2021-11-12 true MIGUEL SOTO CLASS XXX-XX-XXXX ROBERT E LANE P01622353 2024636500 2021-11-12 X 3 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z MIGUEL A SOTO CLASS 206 TETUAN STREET SUITE 1002 SAN JUAN PR 00091 2102368 false X WWW.GRUPOCNE.ORG X 1998 PR SEE SCHEDULE O 11 10 14 10 0 0 2819151 1646810 30000 58611 315686 1660 0 2879422 1992496 421582 24000 0 1722895 1590308 0 187306 1944604 633565 4089081 2247873 -1209659 -255377 2730723 2810862 128961 412209 2601762 2398653 X SEE SCHEDULE O false true 1597524 24000 30000 IN 2020, CNE FOCUSED ITS WORK ON FOUR KEY AREAS TO SUPPORT ITS MISSION: RELIABLE AND ACCESSIBLE ENERGY, LOCALLY-LED RECONSTRUCTION, ENHANCED EFFECTIVENESS OF FEDERAL POLICIES, AND SECURE AND AFFORDABLE HOUSING. IN EACH OF THESE AREAS SEMINAL RESEARCH AND EDUCATIONAL EFFORTS WERE CONDUCTED, SUCH AS ANALYSIS OF A LONG-TERM AGREEMENT FOR THE OPERATION AND MANAGEMENT OF PUERTO RICO'S ENERGY TRANSMISSION AND DISTRIBUTION SYSTEM, SEVERAL DASHBOARDS ON COVID-19 RISK AMONG DIFFERENT PROFESSIONS AND SECTORS, AND ANALYSIS OF THE CARES ACT, AMONG OTHERS. THE COMMUNICATIONS TEAM ALSO DEVELOPED A DAILY NEWSLETTER AIMED AT KEEPING OUR AUDIENCES ABREAST OF THE LATEST UPDATES RELATED TO PUERTO RICO AND THE WORLD DURING THE START OF THE PANDEMIC AND THEN PIVOTED TO A WEEKLY AND MONTHLY FORMAT WHERE WE DIVE DEEP INTO A VARIETY OF ISSUES CONFRONTING PUERTO RICO. 1597524 true true false true false false false false false false true false false false false false true false false false false false false false false false false true false true false false false false false false false false true false false false false false false false false true 0 0 true 14 true false false false false false false false false false false false false X 11 10 false false false false false false false true true false false true true true true true true true true false X X THE ORGANIZATION 7876221120 206 TETUAN ST STE 1002 BPPR BLDG SAN JUAN RQ CAROLINE MCCONNIE DIRECTOR 1.00 X 0 0 0 VADIM NIKITINE DIRECTOR 1.00 X 0 0 0 ANTONIO LUIS FERRE-RANGEL DIRECTOR 1.00 X 0 0 0 LUIS SILVA DIRECTOR 1.00 X 0 0 0 ELIZABETH CAREY BURWELL DIRECTOR 1.00 X 0 0 0 JOAQUIN BACARDI DIRECTOR 1.00 X 0 0 0 PINSY RIVERA-ORTIZ DIRECTOR 1.00 X 0 0 0 JACQUES CHAPPUIS DIRECTOR 1.00 X 0 0 0 JORGE COLON-GERENA DIRECTOR 1.00 X 0 0 0 ENRIQUE VILA-BIAGGI CHAIRMAN 1.00 X X 0 0 0 MIGUEL A SOTO CLASS PRESIDENT/BOARD SECRETARY & TREASURER 40.00 X X 240700 0 10755 SERGIO MARXUACH ASSISTANT SECRETARY, POLICY DIRECTOR 40.00 X 158600 0 0 ROSANNA TORRES DIRECTOR, D.C. OFFICE 40.00 X 138300 0 0 DEEPAK LAMBA RESEARCH DIRECTOR 40.00 X 130600 0 2957 NURIA ORTIZ EXECUTIVE DIRECTOR 40.00 X 104300 0 0 772500 0 13712 5 false true false 232000 1414810 201983 1646810 MANAGEMENT FEE 900099 30000 0 0 30000 28766 0 28766 396792 109872 286920 286920 0 0 286920 1992496 30000 0 315686 24000 24000 410055 323284 48997 37774 1012331 798112 120963 93256 62733 49458 7496 5779 105189 82930 12569 9690 5751 3160 1727 864 33712 18526 10122 5064 47005 25831 14113 7061 17800 15949 0 1851 82605 66084 9911 6610 44971 24713 13502 6756 142693 115235 16475 10983 18143 17096 0 1047 6867 0 6867 0 67359 0 67359 0 24704 12352 12352 0 TAXES 3392 0 3392 0 BAD DEBT EXPENSE 15000 0 15000 0 DUES & SUBSCRIPTIONS 20794 20794 0 0 LOSS ON DISPOSITION OF ASSETS 91167 0 91167 0 11602 0 11031 571 2247873 1597524 463043 187306 568068 846580 431035 9040 11570 161 542471 356773 375786 185698 1344264 1769383 2730723 2810862 128961 312209 100000 128961 412209 X 2421843 2339687 179919 58966 2601762 2398653 2730723 2810862 -255377 219491 -167223 X false true X true false X 0 2236244 3550907 5192947 2819151 1646810 15446059 0 0 2236244 3550907 5192947 2819151 1646810 15446059 6175224 9270835 13920 17036 22006 58611 28766 140339 0 4515 431 1660 6606 15593004 0.59460 0.57530 X 0 0 0 Pt II Ln 10 Other Income Part II, Line 10 Description: OTHER INCOME 2016: 4515. 2018: 431. 2019: 1660. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 532 2261 2793 1594731 1597524 229876 57469 0 0 299356 330749 313914 229876 1173895 1760843 48944 125719 10004 2261 186928 74839 82687 78479 57469 293474 440211 0 0 344 532 876 0 0 193874 91203 102671 274198 191171 83027 74399 74399 0 185698 2311987 219491 219491 2092496 2092496 2156706 2156706 191167 191167 2347873 Pt XII, Line 4b NON-OPERATING LOSSES REPORTED SEPARATELY FROM EXPENSES ON THE AUDITED FINANCIAL STATEMENTS, BUT GROUPED WITH EXPENSES FOR THE PURPOSES OF THE FORM 990. true CONPRMETIDOS CORP 1511 AVE PONCE DE LEON STE K SAN JUAN PR 00909 660780024 501C3 10000 GENERAL SUPPORT PROYECTO 85 INC URB CAMINO REAL BUZON 30 CAGUAS PR 00727 660911184 501C3 7500 GENERAL SUPPORT 2 Pt I Line 2 IN ORDER TO GRANT A CONTRIBUTION TO ANOTHER NON-PROFIT ORGANIZATION, CNE REQUESTS A FORMAL PROPOSAL WITH A DETAILED BUDGET FOR THE AMOUNT REQUESTED AND PERFORMS A DUE DILIGENCE PROCESS ON THE PROSPECTIVE GRANTEE. IF DETERMINED FAVORABLE, A MEMORANDUM OF UNDERSTANDING (MOU) IS SIGNED BETWEEN CNE AND A DESIGNATED REPRESENTATIVE OF THE PROSPECTIVE GRANTEE. THE MOU ESTABLISHES, AMONG OTHER AGREEMENTS, PAYMENT DISBURSEMENT DATES WHICH ARE CONTINGENT UPON DELIVERY OF NARRATIVE AND FINANCIAL REPORTS BY SPECIFIED DUE DATES. X true true X X X X false false false false false false false false false MIGUEL A SOTO CLASS 190100 0 50600 0 0 0 0 0 10755 0 251455 0 0 0 SERGIO MARXUACH 140000 0 18600 0 0 0 0 0 0 0 158600 0 0 0 X 1 201983 FMV false false false Pt III, Line 3 IN JANUARY 2020, CNE SPUN OFF ITS FORMERLY DISREGARDED ENTITY, ESPACIOS ABIERTOS (OPEN SPACES) LLC. AS PART OF THE TRANSITION AGREEMENT, CNE TRANSFERRED THE ENTIRETY OF ITS OWNERSHIP INTEREST TO ESPACIOS ABIERTOS AND FULLY DISSOCIATED FROM THE ENTITY. AS A RESULT, CNE IS NO LONGER INVOLVED IN THE CONDUCT OF SEVERAL ESPACIOS ABIERTOS PROGRAMS THAT WERE PREVIOUSLY REPORTED ON THE FORM 990. THESE PROGRAMS ARE: THE PUERTO RICO RECOVERY FUND, REIMAGINA PUERTO RICO, CIVIC INFRASTRUCTURE, FISCAL ACCOUNTABILITY, AND SUBSTANTIVE ISSUES, PROGRAMS & CIVIC CAPACITY. ADDITIONALLY, ALL DONOR RESTRICTIONS FOR THE CNE PRIOR PROGRAMS PUERTO RICO RECOVERY FUND AND REIMAGINA PUERTO RICO WERE SATISFIED DURING 2020 AND NO NEW FUNDS WERE RAISED, THEREBY CLOSING BOTH PROGRAMS. Pt VI, Line 11b BEFORE FILING THE FORM 990, A FINAL COPY IS SENT TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW. AFTER THE BOARD COMPLETES ITS REVIEW, THE FORM 990 IS SUBMITTED TO THE INTERNAL REVENUE SERVICE. Pt VI, Line 12c ALL EMPLOYEES AND BOARD MEMBERS REVIEW THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ON A YEARLY BASIS AND REPORT ANY POTENTIAL CONFLICTS TO THE BOARD CHAIR. Pt VI, Line 15a THE PRESIDENT'S SALARY IS REVIEWED AND DETERMINED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. Pt VI, Line 15b ALL STAFF SALARIES AND BONUSES ARE DETERMINED BY THE PRESIDENT WITH INPUT FROM THE BOARD OF DIRECTORS. Pt VI, Line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. Other PART I, LINE 1 & PART III, LINE I: THE CENTER FOR A NEW ECONOMY (CNE) IS AN INDEPENDENT, NON-PARTISAN THINK TANK THAT ADVOCATES FOR THE DEVELOPMENT OF A NEW ECONOMY FOR PUERTO RICO. FOUNDED IN 1998, CNE PRODUCES RIGOROUS PUBLIC POLICY RESEARCH AND ANALYSIS, AND IS ONE OF THE MOST CREDIBLE AND INFLUENTIAL VOICES ON PUERTO RICO'S ECONOMY. AS A THINK TANK, WE ARE GUIDED BY THE FOLLOWING VALUES: INDEPENDENCE, IMPACT, AND INTELLECTUAL QUALITY.