Overview
What is Victus Puerto Rico Inc?
Victus Puerto Rico Inc is a nonprofit organization situated in Ponce, Puerto Rico, with an address at 4409 Calle Pedro Caratini, 00717. Their primary mission is to empower Puerto Rican farmers by providing them with comprehensive legal, professional, and educational training. This training aims to help farmers develop their agricultural businesses in a self-sufficient and sustainable manner, ultimately achieving the highest possible productivity. By offering this support, Victus Puerto Rico Inc contributes to the growth and success of the agricultural sector in Puerto Rico.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
Victus Puerto Rico Inc has received a Three-Star rating from Charity Navigator, reflecting a solid score of 80% based entirely on its Accountability & Finance metrics. The charity's strong financial health is evident, with a high program expense ratio of 94.75%, indicating that a significant portion of its expenditures is directed towards its programs rather than administrative costs.
The organization is well-governed, with a fully independent board, which earns it top scores in board independence and size. Additionally, it has no material diversion of assets, a clear conflict of interest policy, and documents its board meeting minutes, all contributing to its accountability profile. These factors suggest a commitment to transparency and responsible financial management.
While the overall score is commendable, it is essential for potential donors to consider the factors behind the rating. The charity could potentially enhance its performance in areas beyond financial accountability to improve its overall impact and rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Victus Puerto Rico Inc legitimate?
Victus Puerto Rico Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Victus 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Victus Puerto Rico Inc?
Victus Puerto Rico Inc's mission is centered around providing necessary legal, professional, and educational training to Puerto Rican farmers. The primary objective is to enable these farmers to develop their agricultural businesses in a self-sufficient and self-sustaining manner, ultimately aiming for the highest possible productivity. Through these training programs, Victus Puerto Rico Inc seeks to equip farmers with the necessary skills and knowledge to navigate the agricultural industry effectively.
What is the revenue of Victus Puerto Rico Inc?
Victus Puerto Rico Inc's revenue in 2023 was $1,110,055.
Who are the executives of Victus Puerto Rico Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Victus Puerto Rico Inc?
Victus Puerto Rico Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Victus Puerto Rico Inc
Victus Puerto Rico Inc, a nonprofit organization, is dedicated to providing the necessary legal, professional, and educational training to Puerto Rican farmers. Their mission is to empower these farmers to develop their agricultural businesses in a self-sufficient and self-sustainable manner. By doing so, Victus Puerto Rico Inc aims to help these farmers achieve the highest possible productivity. This training encompasses various aspects, equipping Puerto Rican farmers with the skills and knowledge required to run their businesses effectively.
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Impact
October, 2024
Victus Puerto Rico Inc plays a pivotal role in enhancing agricultural productivity and sustainability among Puerto Rican farmers. By offering specialized legal, professional, and educational training, the organization equips farmers with the essential skills and knowledge to optimize their operations. This training enables farmers to maximize their productivity, ensuring that they can develop their agricultural businesses in a self-sufficient and sustainable manner. The impact of Victus extends beyond individual farmers; it contributes to the broader community improvement by fostering economic resilience and food security within the region. Through its efforts, Victus Puerto Rico Inc is instrumental in empowering farmers to thrive in a challenging climate while promoting sustainable agricultural practices.
This information is meant to be a general summary of Victus 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 2023.
- Gross Receipts: $1,110,055
Assets and Liabilities:
- Total Assets: $7,827
- Total Liabilities: $764
- Net Assets: $7,063
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Organization Details
Founding Year
2018
Principal Officer
Julian Claudio Gotay
NTEE Category
Code: S20 - Community improvement
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