Overview
What is Pozo De Agua Inc?
Pozo De Agua Inc is a non-profit organization based in Caguas, Puerto Rico. The primary purpose of this organization is to provide water and aqueduct services to the community, specifically in the Padre Padre neighborhood of Borinquen. They operate a communal aqueduct, ensuring a reliable water supply for the residents. To enhance their services, they have recently invested in a new meter system, which will enable them to bill participants effectively. With a workforce of four employees, Pozo De Agua Inc is dedicated to improving the quality of life for its community members by ensuring they have access to a basic yet essential resource: water.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Pozo De Agua Inc has received a two-star rating from Charity Navigator, indicating that the organization has significant areas needing improvement. Its overall score of 65% reflects a moderate level of accountability and financial health, highlighted by a fully independent board and effective conflict of interest and whistleblower policies. The board's governance appears strong, with high scores in key governance areas.
However, the organization struggles with its program expense ratio, which is below the expected benchmark, suggesting that a smaller portion of its expenses is allocated directly to its programs. This could be a concern for potential donors assessing the effectiveness and impact of the nonprofit’s initiatives. Additionally, while the liabilities to assets ratio shows relatively healthy financial management, the low program expense ratio raises questions about resource allocation.
Overall, while Pozo De Agua Inc exhibits strengths in governance and compliance, its financial management in relation to program expenses warrants attention. Enhancing the percentage of funding directed towards programs could improve its rating and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Pozo De Agua Inc legitimate?
Pozo De Agua Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pozo De Agua 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: $18,042
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,561
For more financial information, click here
What is the mission statement of Pozo De Agua Inc?
Pozo De Agua Inc is committed to operating a communal aqueduct to provide water services to the community residing in the Borinquen neighborhood in Caguas, Puerto Rico. Their mission is to ensure the community of Padre Padre has access to clean water. To facilitate this, they have invested in a new meter system for billing purposes to participating residents.
Who is the CEO of Pozo De Agua Inc?
Miguel Santiago is the President of Pozo De Agua Inc.
What is the revenue of Pozo De Agua Inc?
Pozo De Agua Inc's revenue in 2022 was $136,632.
Who are the executives of Pozo De Agua Inc and what are their salaries?
The average compensation at Pozo De Agua Inc during 2022 was $7,651. There are 4 employees and 6 volunteers at Pozo De Agua Inc.
Here are 7 key members and their salaries:
- Compensation: $18,042
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Pozo De Agua Inc?
Pozo De Agua Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pozo De Agua Inc
Pozo De Agua Inc, a nonprofit organization, is dedicated to managing a communal aqueduct within the Padre Padre neighborhood of Caguas, Puerto Rico. Their primary mission is to ensure the community has access to clean water. To achieve this, they operate the aqueduct, providing essential water services to the residents. In a recent development, Pozo De Agua Inc has invested in a new meter system for billing purposes, aiming to ensure fair and efficient distribution of resources. This organization's work is crucial in maintaining the water supply for the community, enhancing their overall quality of life.
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Impact
June, 2024
Pozo De Agua Inc's impact lies in providing essential water and aqueduct services to the community of Padre Borinquen in Caguas, Puerto Rico. Through their operation of a communal aqueduct, they ensure that residents have reliable access to clean water for their daily needs. Additionally, their investment in a new meter system allows for efficient billing of participants, contributing to the sustainability of their water services. Their work helps to improve the quality of life for the community and protect the environment through responsible water management.
This information is meant to be a general summary of Pozo De Agua 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.
- Investment Income: $441
- Gross Receipts: $136,632
Assets and Liabilities:
- Total Assets: $874,688
- Total Liabilities: $481,870
- Net Assets: $392,818
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Organization Details
Founding Year
2004
Phone
(787) 403-1935Principal Officer
Miguel Santiago
Main Address
HC 08 BOX 38797, CAGUAS, PR, 00725
NTEE Category
Code: C32 - Environment
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