Festival Puertorriqueno De New Jersey is located in Vineland, NJ. The organization was established in 1997. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Festival Puertorriqueno DE New Jersey is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 10/2023, Festival Puertorriqueno DE New Jersey generated $52.9k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $54.9k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROMOTE SOCIAL AND CULTUAL PROGRAMS FOR THE BENEFIT OF THE PUERTORICAN COMM. AND OTHER INTRESTED PERSONS AND SCHOOLARSHIPS ETC.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonidse Negron President | 3 | $0 | |
Eligio Rodriguez Vice President | 3 | $0 | |
Nelsy Jimenez Treasurer | 3 | $0 | |
Myra Cabrera Secretary | 3 | $0 | |
Esperanza Morales Activities | 3 | $0 | |
Marilee Negron Board Member | 3 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,521 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $8,425 |
| Other Revenue | $0 |
| Total Revenue | $52,946 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $46 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,625 |
| Other expenses | $53,188 |
| Total expenses | $54,859 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,878 |
| Other assets | $0 |
| Total assets | $4,878 |
| Total liabilities | $0 |
| Net assets or fund balances | $4,878 |