Overview
What is Puerto Rico Science Technology And Research Trust?
The Puerto Rico Science Technology and Research Trust is a nonprofit organization based in San Juan, Puerto Rico, dedicated to fostering continuous economic growth and improving the overall well-being of the island's citizens. They achieve this by promoting innovation, science, and technology. Their mission involves empowering individuals in Puerto Rico through these tools, working to advance the local economy and enhance the lives of its people.
Official website here: www.prsciencetrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Puerto Rico Science Technology And Research Trust has achieved a commendable Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial health. This high score is based entirely on the accountability and finance beacon, showcasing their effective management of funds and resources. Their financial practices are robust, with no reported material diversions of assets and a high program expense ratio of 82.59%, indicating that the majority of their funds are directed towards their mission.
The organization boasts a fully independent board with ten members, which enhances its governance and decision-making processes. Additionally, they score well in areas such as the oversight of financial statements and the absence of loans to or from officers, contributing to their overall financial integrity. However, it is important to note that they lack a whistleblower policy and a document retention and destruction policy, which are potential areas for improvement in governance practices.
Despite these minor limitations, the Puerto Rico Science Technology And Research Trust demonstrates strong organizational strengths in financial management and board independence. Their high accountability score reflects a dedication to transparency and effective use of resources, making them a trustworthy option for donors and stakeholders interested in supporting scientific and technological advancement in Puerto Rico.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Puerto Rico Science Technology And Research Trust?
88% of the 11 reviewers on Facebook recommend the Puerto Rico Science Technology And Research Trust. Here is a summary of their reviews:
Overall, the sentiment towards the nonprofit is positive, with many individuals appreciating the initiatives it supports. One reviewer specifically inquired about how to obtain water filters, highlighting a perceived need for resources in the community. This suggests that the Trust's efforts are recognized and are essential for the welfare of the people they serve.
In general, supporters seem to value the mission and activities of the organization, indicating that they believe it makes a meaningful impact in its area of focus.
This AI summary has been generated from reviews found on Facebook.
Is Puerto Rico Science Technology And Research Trust legitimate?
Puerto Rico Science Technology And Research Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Puerto Rico Science Technology And Research Trust 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,444,118
For more financial information, click here
Official website here: www.prsciencetrust.org
What is the mission statement of Puerto Rico Science Technology And Research Trust?
The Puerto Rico Science Technology and Research Trust works to enhance Puerto Rico's economy and improve the lives of its citizens by fostering innovation, science, and technology. They strive to create a continuous cycle of advancement through these means. The organization's primary goal is to utilize science, technology, and innovation to empower individuals, contributing to Puerto Rico's development.
Official website here: www.prsciencetrust.org
Who is the CEO of Puerto Rico Science Technology And Research Trust?
Gilberto Marquez is the Ceo of Puerto Rico Science Technology And Research Trust. The CEO's salary of Puerto Rico Science Technology And Research Trust is $299,793 and their total compensation is $299,793.
Official website here: www.prsciencetrust.org
What is the revenue of Puerto Rico Science Technology And Research Trust?
Puerto Rico Science Technology And Research Trust's revenue in 2022 was $38,249,802.
Official website here: www.prsciencetrust.org
Who are the executives of Puerto Rico Science Technology And Research Trust and what are their salaries?
The average compensation at Puerto Rico Science Technology And Research Trust during 2022 was $34,147. There are 218 employees at Puerto Rico Science Technology And Research Trust.
Here are 12 key members and their salaries (Puerto Rico Science Technology And Research Trust's CEO's salary is $299,793 and their total compensation is $299,793):
- Compensation: $299,793
- Related: $0
- Other: $0
- Compensation: $156,069
- Related: $0
- Other: $0
- Compensation: $151,173
- Related: $0
- Other: $0
- Compensation: $98,238
- 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.prsciencetrust.org
Where can I find the form 990 for Puerto Rico Science Technology And Research Trust?
Puerto Rico Science Technology And Research Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.prsciencetrust.org
Learn more at the official website: www.prsciencetrust.org
Mission Statement of Puerto Rico Science Technology And Research Trust
The Puerto Rico Science Technology and Research Trust, or PRSTR Trust, is a dedicated organization with a mission to facilitate and build capacity for continuous economic advancement and improved well-being of Puerto Rican citizens. Through the application of innovation, science, and technology, the Trust works to empower individuals in Puerto Rico.
The PRSTR Trust is focused on utilizing these powerful tools to drive progress and development within the Puerto Rican community. By fostering a culture of innovation, science, and technology, the organization strives to create an environment that nurtures growth and progress. The ultimate goal is to contribute to a more prosperous and vibrant economy for all Puerto Rican citizens.
In essence, the Puerto Rico Science Technology and Research Trust serves as a catalyst for change, harnessing the power of scientific discovery and technological innovation to create opportunities and enhance the quality of life for Puerto Ricans. The organization's unwavering commitment to this mission is essential as it strives to make a lasting impact on the future of Puerto Rico.
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Impact
October, 2024
The Puerto Rico Science Technology and Research Trust significantly impacts Puerto Rico by fostering innovation and enhancing the local economy through strategic initiatives in science and technology. By building capacity and facilitating collaboration among researchers, entrepreneurs, and community members, it empowers individuals and organizations to harness the potential of scientific advancements. This approach not only stimulates economic growth but also contributes to the overall well-being of citizens in San Juan and beyond. Through various programs and resources, the Trust plays a crucial role in shaping a sustainable future for Puerto Rico, ensuring that its residents can thrive in an increasingly technology-driven world.
This information is meant to be a general summary of Puerto Rico Science Technology And Research Trust. 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: $1,008,121
- Gross Receipts: $38,405,011
Assets and Liabilities:
- Total Assets: $136,971,104
- Total Liabilities: $8,985,693
- Net Assets: $127,985,411
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Organization Details
Founding Year
2004
Phone
(787) 523-1592Principal Officer
Gilberto Marquez
Main Address
PO BOX 363475, SAN JUAN, PR, 00936
Website
www.prsciencetrust.orgNTEE Category
Code: U05 - Science research
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