Center For A New Economy Inc
- Assets
- $2.8m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 14
- Location
- San Juan, PR
- Founding
- 04/2000
- Data as of
- 12/2021
- EIN
- 66-0566096
Organization Overview
Center For A New Economy Inc is located in San Juan, PR. The organization was established in 2000. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Center For A New Economy Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For A New Economy 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 12/2021, Center For A New Economy Inc generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Center For A New Economy Inc has awarded 31 individual grants totaling $1,259,746. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, CNE FOCUSED ITS WORK ON FOUR KEY AREAS TO SUPPORT ITS MISSION: RELIABLE AND ACCESSIBLE ENERGY, LOCALLY-LED RECONSTRUCTION, ENHANCED EFFECTIVENESS OF FEDERAL POLICIES, AND SECURE AND AFFORDABLE HOUSING. IN EACH OF THESE AREAS SEMINAL RESEARCH AND EDUCATIONAL EFFORTS WERE CONDUCTED, SUCH AS THE HOUSING RECONSTRUCTION MONITORING DASHBOARD, AND AN END OF YEAR CONFERENCE, THE CNE GROWTH POLICY SUMMIT 2021, AMONG OTHERS. THE COMMUNICATIONS TEAM CONTINUED PRODUCING A MONTHLY NEWSLETTER WHERE CNE EXPERTS DIVE DEEP INTO A VARIETY OF ISSUES CONFRONTING PUERTO RICO.
DURING 2021, CNE SERVED AS FISCAL SPONSOR FOR CIENCIA PUERTO RICO, INC., A NON-STOCK, NOT-FOR-PROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE COMMONWEALTH OF PUERTO RICO. CIENCIA PUERTO RICO IS AN ORGANIZATION COMPOSED OF SCIENTISTS, PROFESSIONALS, STUDENTS, AND CITIZENS COMMITTED TO THE ADVANCEMENT OF SCIENCE IN PUERTO RICO AND PROMOTING SCIENCE COMMUNICATION, SCIENCE EDUCATION, AND SCIENTIFIC CAREERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miguel A Soto Class President | OfficerTrustee | 40 | $241,300 |
Sergio Marxuach Assistant Secretary; Policy Director | Officer | 40 | $158,300 |
Deepak Lamba Research Director | 40 | $129,300 | |
Nuria Ortiz Executive Director | 40 | $104,800 | |
Rosanna Torres Director, D.c. Office | 40 | $103,550 | |
Enrique Vila-Biaggi Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prime Policy Group Advocacy | 12/30/18 | $120,000 |
Maria Blazquez Executive Program Manager | 12/30/18 | $115,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $250,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,058,813 |
| Noncash contributions included in lines 1a–1f | $101,150 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,309,413 |
| Total Program Service Revenue | $74,133 |
| Investment income | $91,293 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,476,463 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $553,503 |
| 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. | $414,091 |
| Compensation of current officers, directors, key employees. | $54,327 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $869,902 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,483 |
| Payroll taxes | $93,686 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,188 |
| Fees for services: Accounting | $52,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $79,891 |
| Advertising and promotion | $49,528 |
| Office expenses | $65,974 |
| Information technology | $9,758 |
| Royalties | $0 |
| Occupancy | $128,718 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $171,415 |
| Interest | $3,873 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,293 |
| Insurance | $18,074 |
| All other expenses | $6,731 |
| Total functional expenses | $2,669,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $352,802 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $114,916 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $161 |
| Net Land, buildings, and equipment | $138,404 |
| Investments—publicly traded securities | $2,243,680 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,849,963 |
| Accounts payable and accrued expenses | $281,254 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $281,254 |
| Net assets without donor restrictions | $2,515,723 |
| Net assets with donor restrictions | $52,986 |
| 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 | $2,849,963 |
Grants Awarded
Over the last fiscal year, Center For A New Economy Inc has awarded $551,163 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Hamden, CT PURPOSE: EDUCATIONAL SUPPORT | $535,827 |
SAN FRANCISCO STATE UNIVERSITY PURPOSE: EDUCATIONAL SUPPORT | $15,336 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Center For A New Economy Inc has recieved totaling $861,949.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $200,000 |
Rockefeller Foundation New York, NY PURPOSE: IN GENERAL SUPPORT OF ITS MISSION TO FIND SOLUTIONS, AND INFORM CURRENT DEBATES, BASED ON HARD DATA AND ROBUST EMPIRICAL RESEARCH, TO PUERTO RICOS MOST PRESSING AND COMPLEX ECONOMIC DEVELOPMENT PROBLEMS | $200,000 |
Simons Foundation Inc New York, NY PURPOSE: LABORATORIO DE CIENCIA COMUNITARIA (CIENCIACOLAB): CATALYZING PLACE-BASED COMMUNITY-LED SCIENCE PROJECTS IN PUERTO RICO | $180,629 |
Medtronic Communities Foundation Minneapolis, MN PURPOSE: STEM | $125,000 |
Mazon Inc A Jewish Response To Hunger Los Angeles, CA PURPOSE: Working to end hunger | $70,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $39,301 |
Endowment Analysis
| Beg. Balance | $1,533,085 |
| Net Contributions | $3,082,320 |
| Other Expense | $1,939,560 |
| Grants | $300,545 |
| Ending Balance | $2,375,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Instituto Nueva Escuela San Juan, PR | $3,117,282 | $7,952,642 |
Center For A New Economy Inc San Juan, PR | $2,849,963 | $2,476,463 |
One Stop Career Center Of Pr Inc San Juan, PR | $1,152,862 | $1,979,760 |
Pr Education Foundation San Juan, PR | $997,319 | $2,054,130 |
Instituto Especial Para El Desarrol Lo Integral Del Indiv Fam Y Com In Yauco, PR | $1,442,625 | $802,897 |
Puerto Rico Alliance For Companion Animals Inc San Juan, PR | $178,757 | $289,611 |
Tech My School Luquillo, PR | $121,108 | $267,420 |
Isme Llc Toa Baja, PR | $5,150 | $0 |
Maxmath Tutoring Online Puerto Rico Branch Inc San Juan, PR | $98,908 | $98,908 |
Eureka Enrichment Services San Juan, PR | $57,227 | $0 |
America Developing Smiles De Puerto Rico San Juan, PR | $83,842 | $0 |
Language Central Inc Cabo Rojo, PR | $0 | $0 |