Overview
What is Foundation For Puerto Rico Inc?
Foundation for Puerto Rico Inc, based in San Juan, is a nonprofit organization with a mission to drive Puerto Rico's economic and social development. They achieve this by promoting the visitor economy and export, supporting innovation, strengthening organizations, and attracting talent. Their primary focus is strategic philanthropy, accelerating development through research, expert counsel, and educational activities. The organization also plays a crucial role in rebuilding and recovering from adversities, such as natural disasters, by implementing participatory planning processes, donations, educational tools, technical assistance, and inspiration. With a team of 76 employees, Foundation for Puerto Rico Inc is dedicated to transforming Puerto Rico into a global destination and fostering sustainable strategies for economic and social growth.
Official website here: www.foundationforpuertorico.org
What do the Facebook reviews say about Foundation For Puerto Rico Inc?
94% of 55 reviewers on Facebook recommend Foundation For Puerto Rico Inc. Here is a summary of their reviews:
The organization has received heartfelt gratitude from the community of Orocovis for the substantial assistance provided. Many participants express sincere appreciation for the support and efforts of the foundation, highlighting the positive impact on those in need. Donors are also acknowledged for their contributions, which enable the foundation to continue its vital work across Puerto Rico.
Overall, sentiments towards Foundation For Puerto Rico Inc. reflect a strong approval and thankfulness for their services. The organization is effectively meeting community needs and embodies a spirit of generosity, leaving a lasting positive impression on those they serve.
This AI summary has been generated from reviews found on Facebook.
Is Foundation For Puerto Rico Inc legitimate?
Foundation For Puerto Rico Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Puerto Rico 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: $161,605
Professional Fundraising Fees: $115,211
Other Salaries and Wages: $2,607,495
For more financial information, click here
Official website here: www.foundationforpuertorico.org
What is the mission statement of Foundation For Puerto Rico Inc?
The Foundation for Puerto Rico Inc's mission is aimed at transforming Puerto Rico into a globally competitive entity. They achieve this by promoting the tourist economy and exports of the 21st century as key drivers for economic development. The organization also supports innovation across various sectors, strengthens and develops societal organizations, and encourages local talent to recognize its potential. The main objective of the Foundation is to accelerate economic, social, and sustainable development in Puerto Rico through strategic philanthropy. This is accomplished by commissioning focused research, offering expert advice, and conducting educational activities that support philanthropic initiatives and programs.
Official website here: www.foundationforpuertorico.org
Who is the CEO of Foundation For Puerto Rico Inc?
Damaris Ocasio Nieves is the Cfo of Foundation For Puerto Rico Inc.
Official website here: www.foundationforpuertorico.org
What is the revenue of Foundation For Puerto Rico Inc?
Foundation For Puerto Rico Inc's revenue in 2022 was $6,329,800.
Official website here: www.foundationforpuertorico.org
Who are the executives of Foundation For Puerto Rico Inc and what are their salaries?
The average compensation at Foundation For Puerto Rico Inc during 2022 was $36,436. There are 76 employees and 15 volunteers at Foundation For Puerto Rico Inc.
Here are 17 key members and their salaries:
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Official website here: www.foundationforpuertorico.org
Where can I find the form 990 for Foundation For Puerto Rico Inc?
Foundation For Puerto Rico Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foundationforpuertorico.org
Learn more at the official website: www.foundationforpuertorico.org
Mission Statement of Foundation For Puerto Rico Inc
The Foundation for Puerto Rico Inc, in its mission, strives to propel Puerto Rico's social and economic potential, transforming it into a significant competitor on the global stage. This is achieved through the promotion of the visitor economy and exports of the 21st century as central to economic development. The organization further supports innovation in various sectors, contributes to strengthening and developing the organizations that form society, and encourages the recognition of local talent. The ultimate aim is to transform Puerto Rico into a destination for the world, driving sustainable strategies for economic and social development.
In terms of its objectives, the Foundation for Puerto Rico Inc leverages strategic philanthropy as a catalyst to accelerate economic, social, and sustainable development in Puerto Rico. It accomplishes this by commissioning focused research, offering expert advice, and conducting educational activities. These efforts are designed to advance the philanthropic initiatives and programs that the organization intends to support.
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Impact
October, 2024
Foundation For Puerto Rico Inc significantly impacts the island's social and economic landscape through a multifaceted approach aimed at transforming Puerto Rico into a global competitor. By promoting the visitor economy and innovative exports, FPR focuses on creating sustainable strategies that bolster economic development.
The organization prioritizes the rebuilding and recovery of Puerto Rico through its resilience initiatives. These initiatives employ participatory planning processes and provide resources like educational tools, technical assistance, and funding for resilient community projects. This empowers local communities to not only recover from adversity but also to redefine their futures with a strong foundation in innovation and sustainability.
Moreover, FPR is dedicated to enhancing the capacity of local organizations, fostering collaboration and support within the community. Through strategic philanthropy, they aim to drive economic and social growth, ensuring that the island can thrive and attract talent. Overall, Foundation For Puerto Rico Inc plays a crucial role in nurturing the island's potential, laying the groundwork for a prosperous and resilient Puerto Rico.
This information is meant to be a general summary of Foundation For Puerto Rico 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: $26,884
- Gross Receipts: $38,470,276
Assets and Liabilities:
- Total Assets: $5,842,849
- Total Liabilities: $2,054,698
- Net Assets: $3,788,151
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Organization Details
Founding Year
2011
Phone
(787) 773-1100Principal Officer
Damaris Ocasio Nieves
NTEE Category
Code: S20 - Community improvement
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