Luis A Ferre Foundation Inc
- Assets
- $43.3m
- Revenue
- $6.3m
- Investments
- $16.1m
- Employees
- 26
- Location
- San Juan, PR
- Founding
- 09/1966
- Data as of
- 06/2022
- EIN
- 66-0235625
Organization Overview
Luis A Ferre Foundation Inc is located in San Juan, PR. The organization was established in 1966. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Luis A Ferre Foundation Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Luis A Ferre Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Luis A Ferre Foundation Inc generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $5.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Luisa Ferre Rangel President & | OfficerTrustee | $0 | |
Antonio Luis Ferre Rangel Trustee | Trustee | $0 | |
Luis Trigo Ferre Trustee | Trustee | $0 | |
Jaime Fonalledas Trustee | Trustee | $0 | |
Salom Galib Trustee | Trustee | $0 | |
Nicholas Prouty Trustee | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bfwd Llc Consulting | 6/29/22 | $300,632 |
Mccarthy Strategies Consulting | 6/29/22 | $120,000 |
St James Security Services Security | 6/29/22 | $133,495 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $621,688 |
| Related organizations | $0 |
| Government grants | $961,148 |
| All other contributions, gifts, grants, and similar amounts not included above | $726,956 |
| Noncash contributions included in lines 1a–1f | $148,493 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,309,792 |
| Total Program Service Revenue | $0 |
| Investment income | $471,671 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,325 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $12,572 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,290,339 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,523,155 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $119,157 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $23,367 |
| Fees for services: Investment Management | $160,523 |
| Fees for services: Other | $197,055 |
| Advertising and promotion | $182,448 |
| Office expenses | $4,307 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,800 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $122,127 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $772,583 |
| Insurance | $340,809 |
| All other expenses | $0 |
| Total functional expenses | $5,149,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,657,515 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $333,152 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $39,939 |
| Prepaid expenses and deferred charges | $288,265 |
| Net Land, buildings, and equipment | $12,538,598 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $16,081,051 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,391,680 |
| Total assets | $43,330,200 |
| Accounts payable and accrued expenses | $599,396 |
| Grants payable | $0 |
| Deferred revenue | $2,560 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,311,605 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,913,561 |
| Net assets without donor restrictions | $37,566,382 |
| Net assets with donor restrictions | $850,257 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $43,330,200 |