Overview
What is Promesa Administrative Services Organization Inc?
Promesa Administrative Services Organization Inc, a not-for-profit entity situated in Bronx, New York, serves as the central administrative hub for the Acacia Network's entities. Its primary role involves providing comprehensive supervisory services, including human resources, finance, accounting, administration, information technology, purchasing, and compliance, ensuring smooth operations for each entity. This organization operates on a cost-reimbursement basis, ensuring that it covers all expenses incurred on behalf of the Acacia Network. With a team of 89 dedicated individuals, Promesa Administrative Services Organization Inc plays a crucial role in supporting the collective mission of the Acacia Network entities.
Official website here: www.acacianetwork.org
Is Promesa Administrative Services Organization Inc legitimate?
Promesa Administrative Services Organization Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Promesa Administrative Services Organization Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,021,847
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,378,138
For more financial information, click here
Official website here: www.acacianetwork.org
What is the mission statement of Promesa Administrative Services Organization Inc?
Promesa Administrative Services Organization Inc, acting as a not-for-profit entity, provides comprehensive supervisory and administrative services to each entity within the Acacia Network. Its mission is to support these entities effectively by managing functions such as human resources, finance, accounting, IT, purchasing, and compliance. By offering these services at cost, Promesa Administrative Services Organization Inc aids in the smooth operation of the Acacia Network entities, ensuring they can focus on their respective missions.
Official website here: www.acacianetwork.org
Who is the CEO of Promesa Administrative Services Organization Inc?
Lymaris Albors is the President of Promesa Administrative Services Organization Inc. The CEO's salary of Promesa Administrative Services Organization Inc is $0 and their total compensation is $795,306.
Official website here: www.acacianetwork.org
What is the revenue of Promesa Administrative Services Organization Inc?
Promesa Administrative Services Organization Inc's revenue in 2022 was $11,742,010.
Official website here: www.acacianetwork.org
Who are the executives of Promesa Administrative Services Organization Inc and what are their salaries?
The average compensation at Promesa Administrative Services Organization Inc during 2022 was $105,618. There are 89 employees and 9 volunteers at Promesa Administrative Services Organization Inc.
Here are 20 key members and their salaries (Promesa Administrative Services Organization Inc's CEO's salary is $0 and their total compensation is $795,306):
- Compensation: $0
- Related: $861,432
- Other: $73,959
- Compensation: $0
- Related: $748,860
- Other: $46,446
- Compensation: $560,176
- Related: $0
- Other: $40,861
- Compensation: $432,484
- Related: $0
- Other: $41,248
- Compensation: $411,467
- Related: $0
- Other: $46,847
- Compensation: $414,259
- Related: $0
- Other: $41,442
- Compensation: $297,106
- Related: $0
- Other: $26,914
- Compensation: $262,523
- Related: $0
- Other: $45,995
- Compensation: $237,340
- Related: $0
- Other: $36,473
- Compensation: $234,343
- Related: $0
- Other: $34,651
- Compensation: $198,855
- Related: $0
- Other: $36,936
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.acacianetwork.org
Where can I find the form 990 for Promesa Administrative Services Organization Inc?
Promesa Administrative Services Organization Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.acacianetwork.org
Learn more at the official website: www.acacianetwork.org
Mission Statement of Promesa Administrative Services Organization Inc
Promesa Administrative Services Organization Inc, established as a not-for-profit entity, plays a pivotal role in providing all-encompassing supervisory and administrative services for each entity within the Acacia Network. This organization's mission is to support these entities by handling various aspects of their operations, such as human resources, finance, accounting, administrative tasks, information technology, purchasing, and compliance-related queries. Promesa Administrative Services Org., Inc. operates on a cost-reimbursement basis, ensuring that it covers all expenses incurred on behalf of the Acacia Network entities. By providing these essential services, Promesa Administrative Services Organization Inc contributes to the smooth functioning and overall success of the Acacia Network entities.
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Impact
October, 2024
Promesa Administrative Services Organization Inc plays a crucial role in enhancing the operational efficiency of the Acacia Network entities. By offering a comprehensive suite of supervisory and administrative services—including human resources, finance, accounting, IT, purchasing, and compliance—Promesa streamlines processes, allowing each entity to focus on its core mission.
The organization effectively supports the Acacia Network’s diverse programs, ensuring they operate smoothly and comply with necessary regulations. This support fosters an environment where services can be delivered more effectively to the communities in need.
By providing these essential services at cost, Promesa helps maintain financial sustainability within the Acacia Network, thereby amplifying the overall impact of their initiatives in the Bronx and surrounding areas. This collaborative framework not only improves operational capabilities but also enhances the quality of human services provided, directly benefiting the populations served.
This information is meant to be a general summary of Promesa Administrative Services Organization Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $11,513,589
- Gross Receipts: $11,742,010
Assets and Liabilities:
- Total Assets: $10,973,447
- Total Liabilities: $11,147,710
- Net Assets: -$174,263
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$11,513,589
Organization Details
Founding Year
1990
Phone
(718) 299-1100Principal Officer
Lymaris Albors
Main Address
311 East 175th Street, Bronx, NY, 10457
Website
www.acacianetwork.orgNTEE Category
Code: P020 - Human services
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