FURP.ORG / PUBLIC DATA EXPLORER

PR EDUCATION INITIATIVE CORP: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
PR EDUCATION INITIATIVE CORP (EIN 66-0888097)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-17
IRS object ID
202533219349321923
Schema version
2024v5.0
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

FieldValueIRS element (for citing)
Return2025-11-17T18:32:49-04:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN660575454PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1UHY DEL VALLE & NIEVES PSCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 361863AddressLine1Txt
CitySAN JUANCityNm
State AbbreviationPRStateAbbreviationCd
ZIP009361863ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN660888097EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PR EDUCATION INITIATIVE CORPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPREDBusinessNameControlTxt
Phone7876417809PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 10050AddressLine1Txt
CitySAN JUANCityNm
State AbbreviationPRStateAbbreviationCd
ZIP00908ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPR EDUCATION INITIATIVE CORPPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone7875083338PhoneNum
Signature2025-11-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRAFAEL FIGUEROA CRUZPreparerPersonNm
PTINP01713172PTIN
Phone7877934650PhoneNum
Preparation2025-11-12PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDAVID BOGATYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 10050AddressLine1Txt
CitySAN JUANCityNm
State AbbreviationPRStateAbbreviationCd
ZIP00908ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$371,116GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressPREINITIATIVE.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Activity Or MissionTHEIR MISSION IS TO EMPOWER CHANGE THROUGH MEANINGFUL AND STRATEGIC PARTNERSHIPS FOR THE BENEFIT OF EVERYONE IN PUERTO RICO.ActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee1TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$416,344PYContributionsGrantsAmt
CY Contributions Grants$371,116CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$416,344PYTotalRevenueAmt
CY Total Revenue$371,116CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$198,433PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$129,833CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$382,455PYOtherExpensesAmt
CY Other Expenses$344,048CYOtherExpensesAmt
PY Total Expenses$580,888PYTotalExpensesAmt
CY Total Expenses$473,881CYTotalExpensesAmt
PY Revenues Less Expenses-$164,544PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$102,765CYRevenuesLessExpensesAmt
Total Assets BOY$251,451TotalAssetsBOYAmt
Total Assets EOY$140,061TotalAssetsEOYAmt
Total Liabilities BOY$10,552TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,927TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$240,899NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$138,134NetAssetsOrFundBalancesEOYAmt
MissionWE ARE A NON-PROFIT, INDEPENDENT, APOLLITICAL ORGANIZATION THAT SUPPORTS THE STRATEGIC INNOVATION AND TRANSFORMATION OF THE PUBLIC EDUCATION IN PUERTO RICO.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Activity923110ActivityCd
Expense$473,881ExpenseAmt
Revenue$371,116RevenueAmt
DescSCHOOL GRANTSDesc
Total Program Service Expenses$473,881TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee1EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
DAF Excess Business HoldingsfalseDAFExcessBusinessHoldingsInd
Taxable DistributionsfalseTaxableDistributionsInd
Distribution To DonorfalseDistributionToDonorInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Excs Tax Sect4951 Or4952 Or4953falseExcsTaxSect4951Or4952Or4953Ind
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnfalseAnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonCR OUTSOURCING SERVICESPersonNm
Phone7877934650PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 361863AddressLine1Txt
CitySAN JUANCityNm
State AbbreviationPRStateAbbreviationCd
ZIP009361863ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp

FieldValueIRS element (for citing)
PersonDOMINIQUE A GIPersonNm
TitleEXECUTIVE DIRETitleTxt
Average Hours Per Week40AverageHoursPerWeekRt
Average Hours Per Week Rltd Org0AverageHoursPerWeekRltdOrgRt
Individual Trustee Or DirectorYes (X)IndividualTrusteeOrDirectorInd
Highest Compensated EmployeeYes (X)HighestCompensatedEmployeeInd
Reportable Comp From Org$119,999ReportableCompFromOrgAmt
Reportable Comp From Rltd Org$0ReportableCompFromRltdOrgAmt
Other Compensation$0OtherCompensationAmt
FieldValueIRS element (for citing)
Total Reportable Comp From Org$119,999TotalReportableCompFromOrgAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$371,116AllOtherContributionsAmt
Total Contributions$371,116TotalContributionsAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$371,116TotalRevenueColumnAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$119,999TotalAmt
Management And General$119,999ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$9,834TotalAmt
Management And General$9,834ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$2,200TotalAmt
Management And General$2,200ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$22,027TotalAmt
Management And General$22,027ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$38,750TotalAmt
Management And General$38,750ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$11,345TotalAmt
Management And General$11,345ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,126TotalAmt
Management And General$2,126ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmt
MARKETING$15,225$15,225
MEALS$7,114$7,114
OTHER EXPENSES$245,261$28,870$216,391

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$473,881TotalAmt
Program Services$216,391ProgramServicesAmt
Management And General$257,490ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$247,493BOYAmt
EOY$125,430EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$3,958BOYAmt
EOY$14,631EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$251,451BOYAmt
EOY$140,061EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$10,552BOYAmt
EOY$1,927EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$10,552BOYAmt
EOY$1,927EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$36,263BOYAmt
EOY$36,263EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$204,636BOYAmt
EOY$101,871EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$240,899BOYAmt
EOY$138,134EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$251,451BOYAmt
EOY$140,061EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$102,765ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind
Support Sum$0SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,054,130CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,403,239CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$565,482CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$416,344CurrentTaxYearMinus1YearAmt
Current Tax Year$371,116CurrentTaxYearAmt
Total$4,810,311TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,054,130CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,403,239CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$565,482CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$416,344CurrentTaxYearMinus1YearAmt
Current Tax Year$371,116CurrentTaxYearAmt
Total$4,810,311TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$4,810,311PublicSupportTotal170Amt
Total Support$4,810,311TotalSupportAmt
Public Support CY1701.00000PublicSupportCY170Pct
Public Support PY1701.00000PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Rev Etc Audited Fincl Stmt$371,116TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$371,116RevenueSubtotalAmt
Total Revenue Per Form990$371,116TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$473,881TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$473,881ExpensesSubtotalAmt
Total Expenses Per Form990$473,881TotalExpensesPerForm990Amt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PAGE 1 LINE H-ATHE COMPANY IS NOT FILLING A GROUP RETURN SUBORDINATES.
PAGE 1 LINE H-BALL SUBORDINATES ARE NOT INCLUDED BECAUSE THE COMPANY IS ONLY FILING ITS SEPARATE ANNUAL 990 TAX RETURN FOR 2024
PART V LINE 3BPR EDUCATION INITIATIVE CORP DOESN'T NEED TO FILE THE FORM 990-T BECAUSE IR DOESN'T HAVE UNREALATED BUSINESS INCOME
PART V LINE 14BTHE COMPANY DID NOT RECEIVE PAYMENTS RELATED TO INDOOR TRAINNING SERVICES
PART VI LINE 11BTHE FORM 990 IS PREPARED BY UHY DEL VALLE & NIEVES PSC, THEN REVIEWED BY THE BOARD OF DIRECTORS AND APPROVED BY THE EXECUTIVE DIRECTOR OF THE COMPANY
PART VI LINE 12CEMPLOYEES, OFFICERS AND DIRECTORS ARE INTERVIEWED BY MANAGEMENT TO MONITOR AND ENFORCE COMPLIANCE WITH THEYR POLICY
PART VI LINE 18CDOCUMENTS ARE AVALIABLE FOR INSPECTION BY ANY REGULATOR OR INTERESTED PARTY, A VISIBLE COPY IS KEPT IN EACH BRANCH OFFICE
PART VI LINE 19VICIBLE COPIES OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE OFFICE
PART VII COLUMN ENO COMPENSATION FROM ANY RELATED ORGANIZATION
PART XII LINE 2CTHE COMPANY ASSUMES RESPONSABILITIES FOR THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR