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Center For A New Economy Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 660566096 ✦ San juan, PR ✦ Designated as a 501(c)(3)

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Overview

What is Center For A New Economy Inc?

The Center for a New Economy Inc., established in 1998, is an independent, non-politically affiliated research organization situated in San Juan, Puerto Rico. Serving as a think tank, its primary mission is to advocate for and facilitate the development of a novel economic structure for Puerto Rico. The organization provides thorough policy analysis and boasts programs like the Puerto Rico Recovery Fund (PRRF), Reimagina Puerto Rico, and Open Spaces. These initiatives aim to foster economic growth and prosperity on the island.


Official website here: www.grupocne.org

What do the Facebook reviews say about Center For A New Economy Inc?

94% of 12 reviewers on Facebook recommend the Center For A New Economy Inc. Here is a summary of their reviews:

The organization is commended for its significant work regarding the Puerto Rican economy, with reviewers appreciating its efforts to clarify the various forces influencing the economic landscape. Many find the nonprofit's initiatives valuable, highlighting its focus on exploring potential solutions for economic challenges.

Overall, supporters feel that the Center For A New Economy effectively communicates important information and contributes to meaningful economic discussions, establishing a strong positive reputation among its audience.


This AI summary has been generated from reviews found on Facebook.

Is Center For A New Economy Inc legitimate?

Center For A New Economy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Center For A New Economy 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: $626,759
Professional Fundraising Fees: $0
Other Salaries and Wages: $538,218

For more financial information, click here


Official website here: www.grupocne.org

What is the mission statement of Center For A New Economy Inc?

The Center for a New Economy Inc., as a non-partisan think tank, advocates for the creation of a new economic structure for Puerto Rico. Established in 1998, the organization is renowned for producing thorough public policy analyses. Some of their initiatives include the Puerto Rico Recovery Fund, Reimagina Puerto Rico, and Open Spaces, all aimed at promoting economic development in Puerto Rico. The center's mission is to propose innovative economic strategies, contributing to a sustainable and prosperous future for the island.


Official website here: www.grupocne.org

Who is the CEO of Center For A New Economy Inc?

Miguel A Soto Class is the President of Center For A New Economy Inc.


Official website here: www.grupocne.org

What is the revenue of Center For A New Economy Inc?

Center For A New Economy Inc's revenue in 2022 was $1,871,721.


Official website here: www.grupocne.org

Who are the executives of Center For A New Economy Inc and what are their salaries?

The average compensation at Center For A New Economy Inc during 2022 was $97,081. There are 12 employees and 10 volunteers at Center For A New Economy Inc.


Here are 15 key members and their salaries:


Edwin Perez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Caroline Mcconnie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Antonio Luis Ferre-Rangel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luis Silva (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Carey Burwell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joaquin Bacardi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pinsy Rivera-Ortiz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacques Chappuis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jorge Colon-Gerena (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Enrique Vila-Biaggi (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Miguel A Soto Class (President)
  • Compensation: $241,300
  • Related: $0
  • Other: $12,689
Sergio Marxuach (Assistant Secretary; Policy Director)
  • Compensation: $158,300
  • Related: $0
  • Other: $0
Nuria Ortiz (Secretary; Executive Director)
  • Compensation: $104,800
  • Related: $0
  • Other: $0
Carmen Vargas (Treasurer; Finance & Administrative Director)
  • Compensation: $98,300
  • Related: $0
  • Other: $11,370
Deepak Lamba (Research Director)
  • Compensation: $129,300
  • Related: $0
  • Other: $3,481


Official website here: www.grupocne.org

Where can I find the form 990 for Center For A New Economy Inc?

Center For A New Economy Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.grupocne.org

Learn more at the official website: www.grupocne.org

Mission Statement of Center For A New Economy Inc

The Center for a New Economy Inc. is a distinguished, non-partisan think tank that advocates for the evolution of a new economic system in Puerto Rico. Established in 1998, this organization, situated in San Juan, PR, is renowned for producing thorough public policy analysis. The Center's mission is centered around advocating for the development of a more sustainable and equitable economic model for the island. Some of their key programs include the Puerto Rico Recovery Fund (PRRF), Reimagina Puerto Rico, and Open Spaces. Through these initiatives, the Center aims to stimulate growth, foster social responsibility, and promote a more inclusive and resilient economic environment in Puerto Rico.

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Impact




October, 2024

Center For A New Economy Inc plays a critical role in shaping the future of Puerto Rico through its independent and rigorous public policy analysis. Established in 1998, CNE focuses on advocating for the development of a new, sustainable economy for the island. By engaging in programs like the Puerto Rico Recovery Fund (PRRF), Reimagina Puerto Rico, and Open Spaces, CNE addresses pressing economic challenges and fosters innovative solutions that enhance community resilience and promote inclusive growth.

The organization's efforts contribute significantly to the discourse around economic reform in Puerto Rico, emphasizing data-driven strategies and inclusive participation in the policymaking process. CNE's work not only informs policymakers but also empowers citizens and communities to actively engage in envisioning a better economic future. Their commitment to creating a more equitable and sustainable economy reflects their understanding of the unique challenges Puerto Rico faces, ultimately aiming to improve the quality of life for all its residents.




This information is meant to be a general summary of Center For A New Economy 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.

Revenue
$1,871,721 (2022)
Expenses
$2,262,227 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $12,957
  • Program Service Revenue: $54,202
  • Gross Receipts: $1,871,721

Assets and Liabilities:

  • Total Assets: $2,485,015
  • Total Liabilities: $779,760
  • Net Assets: $1,705,255

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MANAGEMENT FEE

Revenue

$54,202

Organization Details

Founding Year

1998

Principal Officer

Miguel A Soto Class

Main Address

PO BOX 9024240, SAN JUAN, PR, 00902

NTEE Category

Code: B90 - Education

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