Corporacion Para La Promocion De Puerto Rico Como Destino Inc
- Assets
- $33.9m
- Revenue
- $48.2m
- Investments
- $0.0
- Employees
- 48
- Location
- San Juan, PR
- Founding
- Data as of
- 06/2021
- EIN
- 66-0888522
Organization Overview
Corporacion Para La Promocion De Puerto Rico Como Destino Inc is located in San Juan, PR. According to its NTEE Classification (W02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2021, Corporacion Para LA Promocion DE Puerto Rico Como Destino Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corporacion Para LA Promocion DE Puerto Rico Como Destino Inc 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BRING PROSPERITY TO PUERTO RICO BY COLLABORATIVELY POSITIONING OUR DIVERSE AND UNIQUE ISLAND AS A PREMIER DESTINATION FOR LEISURE, BUSINESS AND EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION, RESEARCH AND COMMUNITY ENGAGEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Dean CEO | Officer | 40 | $300,600 |
Leah Chandler Chief Market | Officer | 40 | $203,388 |
Edward Carey Chief Sales | Officer | 40 | $202,788 |
Kim Sutphin Daroja VP Sales | Officer | 40 | $141,440 |
Alisha Valentine Director Of | Officer | 40 | $136,440 |
Fernando Rodriguez CFO | Officer | 40 | $119,807 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $47,359,554 |
| Investment income | -$28,798 |
| 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 | $48,155,156 |
| 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. | $1,104,463 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,958,559 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $322,064 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $69,184 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $120,895 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $96,120 |
| Travel | $21,554 |
| 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 | $108,356 |
| Insurance | $380,511 |
| All other expenses | $59,837 |
| Total functional expenses | $35,295,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,057,487 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,213,863 |
| 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 | $0 |
| Net Land, buildings, and equipment | $83,014 |
| Investments—publicly traded securities | $136,477 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $431,268 |
| Total assets | $33,922,109 |
| Accounts payable and accrued expenses | $7,492,709 |
| Grants payable | $0 |
| Deferred revenue | $2,152,190 |
| 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 | $2,569,756 |
| Total liabilities | $12,214,655 |
| Net assets without donor restrictions | $21,707,454 |
| Net assets with donor restrictions | $0 |
| 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 | $33,922,109 |
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