Foundation For Puerto Rico Inc
Foundation For Puerto Rico Inc
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About this organization
Mission
Foundation for Puerto Rico is driven by one bold goal: to transform Puerto Rico into a thriving global destination. By harnessing all that Puerto Rico has to offer - from intellectual capital and natural resources to our vibrant culture - we seek to unleash Puerto Rico's potential in the global economy, so more people can live, visit, work, and invest in our beautiful island. Everything we do is powered by our ability to listen to and learn from our partners and stakeholders - so we can bring innovative, collaborative programs to life. Together with our public, private, and nonprofit partners, we deliver sustainable impact that provides communities with the tools they need to mobilize from within so they can improve their lives, own their future, and emerge stronger than ever.
About
Scaling-up for Innovation - Support and collaborate to build the capacity of organizations so they may: think out of the box, become competitive, and take advantage of global opportunities.
Interesting data from their 2020 990 filing
The non-profit's mission, as documented in the filing, is “The main objective of the organization is to promote strategic philanthropy as catalyst to accelerate the econommic, social, and sustainable development in puerto rico by commissioning highly focused research, offering expert counsel and conducting educational activities that will advance the philanthropic initiatives and programs to be supported by the organization.”.
When explaining its purpose, the activities were described as: “Foundation for puerto rico, inc. (fpr) works with a defined plan to develop puerto rico's social and economic potential and transform it into an important competitor in the world. fpr does this by promoting the visitor economy and export of the 21st century as central to economic development; supporting innovation in every sector; contributing to strengthen and develop the organizations that make up our society; and driving the talent here to recognize its potential. the mission is to transform puerto rico into a destination for the world by driving sustainable strategies of economic and social development.”.
- The non-profit is legally allowed to operate in the state of PR, as reported.
- The non-profit has a total of 13 employees, as reported on their form for 2020.
- 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 -$2,794,869.
- The CEO remuneration policy within the organization is not established through a review and endorsement from a neutral party.
- The organization has 13 independent voting members.
- The organization was formed in 2011.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization pays $1,400,940 in salary, compensation, and benefits to its employees.
- The organization pays $325,100 in fundraising expenses.
- The organization has minutes of its meetings.
- The organization has fundraising events.
- The organization has grants to organizations.
- The organization's financial statements were reviewed by an accountant.
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