Pr Education Foundation
- Assets
- $997.3k
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 2
- Location
- San Juan, PR
- Founding
- 02/2018
- Data as of
- 12/2020
- EIN
- 66-0888097
Organization Overview
Pr Education Foundation is located in San Juan, PR. The organization was established in 2018. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2020, PR Education Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. PR Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT THE STRATEGIC INNOVATION AND TRANSFORMATION OF THE PUBLIC EDUCATION SYSTEM IN PUERTO RICO
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL GRANTS
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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Valeria Silva Prof Serv-mentors | 12/30/20 | $209,767 |
Thomas Bailey Prof Serv-mentors | 12/30/20 | $165,000 |
Esthela Allison Prof Serv-mentors | 12/30/20 | $107,917 |
View All Vendors
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,054,130 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,054,130 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $2,054,130 |
| 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. | $181,451 |
| Compensation of current officers, directors, key employees. | $46,457 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,377 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,427 |
| Fees for services: Management | $974,277 |
| Fees for services: Legal | $4,992 |
| Fees for services: Accounting | $17,715 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $738 |
| All other expenses | $0 |
| Total functional expenses | $1,450,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $991,255 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,851 |
| 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 | $2,213 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $997,319 |
| Accounts payable and accrued expenses | $67,904 |
| 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 | $67,904 |
| Net assets without donor restrictions | $132,411 |
| Net assets with donor restrictions | $797,004 |
| 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 | $997,319 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pr Education Foundation has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
Wend Ii Inc Bentonville, AR PURPOSE: PUERTO RICO EDUCATION FOUNDATION OPERATIONAL SUPPORT 2020-2022 | $250,000 |
View Grant Recipient Profile
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 |