2019-11-15T14:42:15-08:00 2018-12-31 660578857 BDO PUERTO RICO PSC PO BOX 363436 SAN JUAN PR 00936 990 2018-01-01 660776227 FOUNDATION FOR PUERTO RICO INC FOUN 7877731100 PO BOX 364029 SAN JUAN PR 00936 ANNIE MAYOL DEL VALLE President & CEO 2019-10-15 true JUAN C RIVERA P01410762 7877543999 2018 2020-03-31 21:24:44Z Jonathan Borschow 6149360 false false X www.foundationforpuertorico.com X 2011 PR Foundation for Puerto Rico, Inc. (FPR) works with a defined plan to develop Puerto Rico's social and economic potential and transform it into an important competitor in the world. FPR does this by promoting the visitor economy and export of the 21st century as central to economic development; supporting innovation in every sector; contributing to strengthen and develop the organizations that make up our society; and driving the talent here to recognize its potential. The mission is to transform Puerto Rico into a destination for the world by driving sustainable strategies of economic and social development. 13 13 13 319 0 11096595 5339544 0 1382 74657 59077 735159 11157054 6149360 1430073 5244484 0 889010 1400940 0 325100 1272443 2298805 3591526 8944229 7565528 -2794869 9992238 6990888 1117855 911374 8874383 6079514 X The main objective of the Organization is to promote strategic philanthropy as catalyst to accelerate the econommic, social, and sustainable development in Puerto Rico by commissioning highly focused research, offering expert counsel and conducting educational activities that will advance the philanthropic initiatives and programs to be supported by the Organization. false false 4986745 Scaling-up for Innovation - Support and collaborate to build the capacity of organizations so they may: think out of the box, become competitive, and take advantage of global opportunities. 2121546 Disaster Recovery and Rebuilding 517069 Pursuing Global Markets - Promote the insertion of Puerto Rico in the global economy. Drive the innovation, knowledge, and visitor economy. Support organizations that help strengthen the entrepreneurial ecosystem. 276807 7902167 true true false false false false false false false false true false false false false false true false false false false false false false true false false true false true false false false false false false false false false false true false false false false false false false false false true 0 0 false 13 true false false false false false false false false 0 false false false false false false false false false false false false X 13 13 true false false false false false false true true false false false true true true false false false false false PR X DAMARIS OCASIO 7877731100 PO BOX 364029 SAN JUAN PR 009364029 Annie Mayol President & CEO 40.00 0.00 X X 175389 0 0 Maria M Jaunarena Ferrari Vice President 40.00 0.00 X X 145692 0 0 Arnaldo Cruz Sanabria Director 40.00 0.00 X 112907 0 0 433988 3 false true false 0 3010937 192739 2135868 5339544 0 74657 74657 0 0 220773 220773 220773 220773 0 3010937 0 0 0 Fiscal Sponsorship 37298 37298 In-Kind Revenue 152686 152686 Share Services 315619 315619 8783 8783 514386 6149360 589043 220773 X 5244484 5244484 0 0 0 0 0 1400940 1092104 249544 59292 0 0 0 0 14893 14893 28673 28673 0 0 0 1257903 817316 278558 162029 65209 44907 9469 10833 74162 27848 15901 30413 0 0 0 93831 61692 1466 30673 0 5975 1875 4100 0 0 191699 145532 38327 7840 2050 2050 Materials and Supplies 189526 175506 9794 4226 Facilities 181194 141250 32275 7669 Memberships and Subscriptions 51805 29070 22735 Meals and Activities 45299 27872 8047 9380 96586 92711 1130 2745 8944229 7902167 716962 325100 7980726 5172366 0 0 680222 636580 0 0 0 0 4050 14407 1932647 765112 1327240 1167535 0 0 0 0 0 9992238 6990888 452855 341374 665000 570000 1117855 911374 X 1701367 1793809 7173016 4285705 8874383 6079514 9992238 6990888 -2794869 X false true X true false X 119221 130208 234160 9696595 5339544 15519728 0 0 119221 130208 234160 9696595 5339544 15519728 3451120 12068608 119736 45394 63920 59077 74657 362784 43643 43643 0 15926155 0.75780 0.74830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1381016 552406 828610 285219 119472 165747 266412 93234 173178 1167535 6149360 6149360 6149360 8944229 8944229 8944229 false Posada Fundraising 2895282 2895282 Golf Tournament 115655 115655 3010937 3010937 true Bellas Sweets Incorporated Bo Saltos Carr 157 Orocovis PR 00720 660910711 13000 0 Book Caras of the Americas Betances 8 Floral Park San Juan PR 00918 421628144 100000 0 Book Centro para Emprendedores Alturas de San Juan San Juan PR 00926 660783031 0 55346 Book Office Share Spaces ConPRmetidos 1500 Calle Antonsanti Suite K San Juan PR 00909 660780024 0 1275711 Book Collaborative Program (PR Global) Finca Oro Rojo LLC Calle Gregorio Carr 566 Orocovis PR 00720 660900901 8000 0 Book Inversion Cultural PO Box 930552 San Juan PR 00928 660712740 0 19710 Book Fiscal Sponsorship Jose Del Valle Figueroa Calle Munoz Rivera 58 Juncos PR 00777 581760539 20000 0 Book Kayak Orocovis Corp HC 01 Box 6627 Orocovis PR 00720 660900406 20000 0 Book Por Los Nuestros 100 Gran Paseo Blvd Suite 112 San Juan PR 00926 660894050 0 797509 Book Fiscal Sponsorship- PorLosNuestros Producciones 625 Inc PO Box 1331 Orocovis PR 00720 660900329 12000 0 Book Proyecto PECES Inc 100 PR-908 Humacao PR 00791 060444454 96115 0 Book Red de Fundaciones PO Box 362408 San Juan PR 00936 660770270 2331373 0 Book Fiscal Sponsorship - Adelante PR Rico Inc PO Box 364029 San Juan PR 00912 660831665 127711 0 Book SLLA Centro de Estudios Avanzados San Sebastian PR 00901 16380 0 Book 0 14 false false false false false false false false false false Annie Mayol President & CEO Jalka Realty Chairman 55000 Professional Service false Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: Disaster Recovery and Rebuilding Form 990, Part VI, Line 11b: Form 990 Review Process Organization's process to review Form 990 prior to filing of Form 990, Ms. Damaris Ocasio, Chief Operating Officer, will review a draft of the form. Comments or changes suggested will be applied in order for the entity to submit the form to the Internal Revenue Service for filing. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Each director shall annually sign a statement which affirms such persons has received a copy of the conflicts of interest policy, has read and understands the policy and has agreed to comply with the policy. Duty to disclose- In connection with any actual or possible conflict of interest, an interested person (any member, director or officer who has a direct or indirect financial interest) must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the Directors and members of committees considering the proposed transaction or arrangement. An interested person may make a presentation at the Board of Directors or committee meeting.Determining whether a conflict of interest exists- After disclosure of the financial interest and all material facts and after any presentation by and discussion with the interested person, the interested person shall leave, the Board of Directors or committee meeting while the determination of a conflict of interest is discussed an voted upon. The remaining Directors or committee members shall decide if a conflict of interest exists. Procedures for addressing the conflict of interest- The Chairman of the Board of Directors or chairperson of the committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the Board of Directors or committee shall determine whether the Foundation can obtain with reasonable efforts a more advantageous transaction or arangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the Board of Directors or committee shall determine by a majority vote of the disinterested Directors or committee members whether the transaction or arrangements is in the Foundation's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into a transaction or arrangement. Violation of the conflict of interest policy- If the Board of Directors or committee has reasonable cause to believe a member, director or officer has reasonable cause to believe a member, director or officer has failed to disclose actual or possible conflicts of interest, it shall inform such member, Director or officer of the basis for such belief and afford such member, director or officer and opportunity to explain the alleged failure to disclose. If, after hearing the member's director's of officer's response and after making further investigation as warranted by the circumstances, the Board of Directors or committee determined the member, director or officer has failed to disclose an actal or possible conflict of interest, it shall take appropriate disciplinary and corrective action. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available No documents available to the public.