sociedad espanola de auxilio mutuo y beneficencia de puerto rico

Interesting data from their 2020 990 filing

The purpose of the non-profit is listed in the filing as “Sociedad espaola de auxilio mutuo y beneficencia de puerto rico (the company) had been previously filing as a 501 (c) (3) organization. on april 29, 1992 a new nonprofit organization was created to continue providing the hospital and health care services previously provided under the legal name of the company. on august 20, 1992 this change was reported to the exempt organizations branch of the internal revenue service. the irs was informed that the company would become a controlling affiliate that would owned the real property and would transfer its funds (income less expenses) for use in a manner consistent with the exemption. on september 30, 1992 the irs informed that the company is not required to file a new application for tax exemption as a title holding corporation. the company also administers a health plan under which individuals in the community (without exceptions) may become members with the right to receive hospital and health care services at the facilities of hospital e”.

When discussing its operations, they were characterized as: “Sociedad espaola de auxilio mutuo y beneficencia de puerto rico (the company) had been previously filing as a 501 (c) (3) organization. on april 29, 1992 a new nonprofit organization was created to continue providing the hospital and health care services previously provided under the legal name of the company. on august 20, 1992 this change was reported to the exempt organizations branch of the internal revenue service. the irs was informed that the company would become a controlling affiliate that would owned the real property and would transfer its funds (income less expenses) for use in a manner consistent with the exemption. on september 30, 1992 the irs informed that the company is not required to file a new application for tax exemption as a title holding corporation. the company also administers a health plan under which individuals in the community (without exceptions) may become members with the right to receive hospital and health care services at the facilities of hospital e”.

• The non-profit's legally reported state of operation is PR.
• The filing states that the non-profit's address in the year 2020 is PO BOX 191227, SAN JUAN, PR, 009191227.
• The form submitted by the non-profit for 2020 shows a total of 28 employees.
• Does not operate a hospital.
• Does not operate a school.
• Does not collect art.
• Does not provide credit counseling.
• Does not have foreign activities.
• Is not a donor advised fund.
• Is not a private foundation.
• Expenses are greater than $1,000,000.
• Revenue is greater than $1,000,000.
• Revenue less expenses is $9,146,444.
• The CEO's remuneration policy within the organization is not determined through a review and approval process by a neutral source.
• The organization elects its board members.
• The organization has a written policy that describes how long it will retain documents.
• The organization has 28 independent voting members.
• The organization was formed in 1901.
• The organization has a written policy that addresses conflicts of interest.
• The organization is required to file Schedule O.
• The organization pays $889,890 in salary, compensation, and benefits to its employees.
• The organization pays $0 in fundraising expenses.
• The organization provides Form 990 to its governing body.
• The organization has minutes of its meetings.
• The organization's financial statements were reviewed by an accountant.