Overview
What is Corporacion Para La Promocion De Puerto Rico Como Destino Inc?
Corporacion Para La Promocion de Puerto Rico Como Destino Inc, a nonprofit organization, is dedicated to enhancing Puerto Rico's reputation as a top-tier destination for travel, business, and events. By collaborating with various stakeholders, they aim to foster prosperity for the island through promotional efforts, research, and community engagement. Their mission is to showcase Puerto Rico's unique charm and diversity, attracting visitors and businesses alike.
Official website here: www.puertoricodmo.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star rating)
Corporacion Para La Promocion De Puerto Rico Como Destino Inc has received a commendable score of 89%, indicating a strong performance in accountability and finance. The charity's rating is derived exclusively from its accountability and finance metrics, which reflects a commitment to transparency and effective management of resources.
The organization excels in several key areas, including having an entirely independent board and effective financial oversight practices. They have demonstrated no material diversion of assets and have a solid program expense ratio, dedicating 100% of their expenses to programs, which highlights their focus on fulfilling their mission. Their policies regarding conflicts of interest and whistleblower protections are also well-documented, showcasing their adherence to ethical standards.
However, while the organization has strengths, it has a liabilities-to-assets ratio of 58.67%, which could indicate potential financial vulnerabilities. This should be monitored to ensure long-term sustainability. Overall, the charity appears to be well-managed, with a strong focus on accountability, though stakeholders may want to consider the implications of its financial ratios.
This AI summary has been generated from information found on Charity Navigator.
Is Corporacion Para La Promocion De Puerto Rico Como Destino Inc legitimate?
Corporacion Para La Promocion De Puerto Rico Como Destino Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Corporacion Para La Promocion De Puerto Rico Como Destino 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: $1,536,531
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,141,786
For more financial information, click here
Official website here: www.puertoricodmo.com
What is the mission statement of Corporacion Para La Promocion De Puerto Rico Como Destino Inc?
Corporacion Para La Promocion de Puerto Rico Como Destino Inc works towards enhancing Puerto Rico's status as a top destination for leisure, business, and events. With a mission to bring prosperity to the island, they collaboratively position Puerto Rico's diverse and distinctive offerings. Their initiatives encompass promotion, research, and community engagement, all geared towards showcasing Puerto Rico's unique appeal and potential.
Official website here: www.puertoricodmo.com
Who is the CEO of Corporacion Para La Promocion De Puerto Rico Como Destino Inc?
Bradley Dean is the Ceo of Corporacion Para La Promocion De Puerto Rico Como Destino Inc. The CEO's salary of Corporacion Para La Promocion De Puerto Rico Como Destino Inc is $339,408 and their total compensation is $339,408.
Official website here: www.puertoricodmo.com
What is the revenue of Corporacion Para La Promocion De Puerto Rico Como Destino Inc?
Corporacion Para La Promocion De Puerto Rico Como Destino Inc's revenue in 2022 was $55,213,353.
Official website here: www.puertoricodmo.com
Who are the executives of Corporacion Para La Promocion De Puerto Rico Como Destino Inc and what are their salaries?
The average compensation at Corporacion Para La Promocion De Puerto Rico Como Destino Inc during 2022 was $84,751. There are 67 employees at Corporacion Para La Promocion De Puerto Rico Como Destino Inc.
Here are 7 key members and their salaries (Corporacion Para La Promocion De Puerto Rico Como Destino Inc's CEO's salary is $339,408 and their total compensation is $339,408):
- Compensation: $339,408
- Related: $0
- Other: $0
- Compensation: $256,600
- Related: $0
- Other: $0
- Compensation: $256,000
- Related: $0
- Other: $0
- Compensation: $187,092
- Related: $0
- Other: $0
- Compensation: $185,587
- Related: $0
- Other: $0
- Compensation: $171,076
- Related: $0
- Other: $0
- Compensation: $140,768
- Related: $0
- Other: $0
Official website here: www.puertoricodmo.com
Where can I find the form 990 for Corporacion Para La Promocion De Puerto Rico Como Destino Inc?
Corporacion Para La Promocion De Puerto Rico Como Destino Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.puertoricodmo.com
Learn more at the official website: www.puertoricodmo.com
Mission Statement of Corporacion Para La Promocion De Puerto Rico Como Destino Inc
Corporacion Para La Promocion de Puerto Rico Como Destino, also known as CPPRCD, works towards enhancing Puerto Rico's status as a leading destination for leisure, business, and events. By collaboratively positioning the island's diverse and unique offerings, CPPRCD aims to bring prosperity to Puerto Rico.
This nonprofit organization's mission is multifaceted. It focuses on promoting Puerto Rico as a premier destination by showcasing its distinctive qualities to potential visitors and businesses. CPPRCD's efforts extend beyond mere promotion; it also conducts research to better understand the needs of the tourism industry and the preferences of tourists. Furthermore, CPPRCD engages with the local community to foster a strong sense of ownership and pride in Puerto Rico's tourism sector.
CPPRCD's vision for Puerto Rico is one that thrives on the rich cultural heritage, natural beauty, and diverse attractions that make the island a truly unique destination. By collaborating with various stakeholders, this nonprofit organization seeks to create a thriving tourism industry that benefits the economy and enriches the lives of Puerto Ricans and visitors alike. Through its programs, CPPRCD is dedicated to making Puerto Rico a must-visit destination for leisure travelers, businesses, and event organizers.
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Impact
October, 2024
Corporacion Para La Promocion De Puerto Rico Como Destino Inc plays a vital role in enhancing the economic landscape of Puerto Rico by positioning the island as a top-tier destination for leisure, business, and events. Through collaborative efforts, the organization promotes Puerto Rico's unique cultural richness and diverse offerings to attract visitors and investors alike.
Its initiatives encompass a wide range of activities including targeted marketing campaigns, comprehensive research on tourism trends, and active community engagement, all designed to foster a positive perception of the island as a desirable destination. By highlighting Puerto Rico's natural beauty, historical significance, and vibrant communities, the organization drives increased tourism, which in turn fuels economic growth and provides jobs within the local economy.
Additionally, Corporacion Para La Promocion engages local stakeholders—businesses, government entities, and community organizations—to create a unified strategy for promoting the island. This collaborative positioning not only boosts tourism but also enhances the overall quality of life for residents by generating revenue that supports local businesses and essential services.
Ultimately, the organization's commitment to bringing prosperity to Puerto Rico through strategic promotion and community involvement significantly contributes to the island's economic sustainability and long-term success as a premier destination.
This information is meant to be a general summary of Corporacion Para La Promocion De Puerto Rico Como Destino 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: $56,789
- Program Service Revenue: $54,326,814
- Gross Receipts: $55,213,353
Assets and Liabilities:
- Total Assets: $29,943,299
- Total Liabilities: $10,763,359
- Net Assets: $19,179,940
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONT. FROM PR & TOURISM
Revenue
$30,000,000
CDBG FUNDS & CARES ACT FUNDS
Revenue
$22,497,186
DONATED SERVICES
Revenue
$1,682,491
COOP MARKETING
Revenue
$147,137
Organization Details
Founding Year
2017
Phone
(787) 474-5076Principal Officer
Bradley Dean
Main Address
OCHOA 500 CALLE DE LA TANCA ST 402, SAN JUAN, PR, 009011969
Website
www.puertoricodmo.comNTEE Category
Code: W02 - Public benefit
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