Overview
What is Fundacion Luis G Fortuno Inc?
Fundacion Luis G Fortuno Inc is a nonprofit organization situated in San Juan, Puerto Rico. Their primary focus is on fostering self-reliance and personal growth among individuals. The organization's most prominent activity is Lemonade Day, an educational program that teaches children the fundamentals of entrepreneurship by guiding them through the process of setting up and running their own lemonade stands. The program is not intended for profit, but rather serves as a tool to help children visualize and understand the concepts of planning and operating a business. Fundacion Luis G Fortuno Inc's mission extends beyond this activity, driven by a commitment to pro-market solutions.
Is Fundacion Luis G Fortuno Inc legitimate?
Fundacion Luis G Fortuno Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fundacion Luis G Fortuno 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.
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What is the mission statement of Fundacion Luis G Fortuno Inc?
Fundacion Luis G Fortuno Inc's mission is centered around fostering pro-market solutions that encourage self-reliance and personal growth in individuals. Their most notable activity to date is Lemonade Day, a program designed to promote licensed youth entrepreneurship. This initiative aims to educate children on business planning and operations, using lemonade stands as a tangible model to help them comprehend the concept. The program is primarily an educational tool and does not focus on generating income.
Who is the CEO of Fundacion Luis G Fortuno Inc?
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What is the revenue of Fundacion Luis G Fortuno Inc?
Fundacion Luis G Fortuno Inc's revenue in 2022 was $569,457.
Who are the executives of Fundacion Luis G Fortuno Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Fundacion Luis G Fortuno Inc?
Fundacion Luis G Fortuno Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fundacion Luis G Fortuno Inc
Fundacion Luis G Fortuno Inc, a nonprofit organization, is dedicated to fostering self-reliance and growth in individuals through the promotion of pro-market solutions. One of their most significant initiatives is Lemonade Day, an educational program designed to teach kids the principles of entrepreneurship. This program encourages licensed youth entrepreneurship by guiding children in planning and operating their own businesses, using lemonade stands as a practical model. The aim of Lemonade Day is not to generate income, but rather to provide an experiential learning opportunity, helping young minds visualize and understand the intricacies of running a business.
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Impact
October, 2024
Fundacion Luis G Fortuno Inc significantly impacts the community by empowering youth through entrepreneurial education. Its flagship program, Lemonade Day, is designed to instill essential skills in young participants, teaching them the fundamentals of planning and operating a business. By guiding children through the process of setting up and managing their own lemonade stands, the foundation helps them grasp the concepts of licensing, financial management, and business operations in a practical, hands-on manner.
This initiative not only introduces youth to the world of entrepreneurship but also encourages self-reliance and personal growth. Participants learn to visualize their ideas and understand the importance of strategic planning, all while fostering a sense of responsibility and achievement. The program's educational focus ensures that children gain valuable life skills, promoting a mindset oriented towards self-sufficiency and proactive problem-solving.
Ultimately, Fundacion Luis G Fortuno Inc plays a vital role in shaping the future of the community by nurturing a new generation of entrepreneurs who are equipped to contribute positively to the economy and their surroundings. Through its commitment to cultivating pro-market solutions, the foundation lays the groundwork for individual empowerment and community improvement.
This information is meant to be a general summary of Fundacion Luis G Fortuno 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: $282
- Gross Receipts: $569,457
Assets and Liabilities:
- Total Assets: $319,337
- Total Liabilities: $57,924
- Net Assets: $261,413
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Organization Details
Founding Year
2016
Phone
(787) 766-1717Main Address
PO Box 190913, San Juan, PR, 009190813
NTEE Category
Code: S01 - Community improvement
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