Corazon Puro
- Assets
- $665.6k
- Revenue
- $450.3k
- Investments
- $0.0
- Employees
- 7
- Location
- Paterson, NJ
- Founding
- 03/1946
- Data as of
- 12/2022
- EIN
- 80-0809161
Organization Overview
Corazon Puro is located in Paterson, NJ. The organization was established in 1946. As of 12/2022, Corazon Puro employed 7 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Corazon Puro 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 12/2022, Corazon Puro generated $450.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $435.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 8 years. 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
EQUIP YOUTH, YOUNG ADULTS, AND FAMILIES IN VULNERABLE COMMUNITIES WITH LEADERSHIP SKILLS AND RESOURCES NECESSARY TO RESTORE FAMILY LIFE AND POSITIVELY TRANSFORM SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL PROGRAM: THE CORAZON PURO LEADERSHIP PROGRAM IS AT THE HEART OF OUR ORGANIZATION'S EFFORTS TO FORM YOUTH AND YOUNG ADULT LEADERS TO BECOME AGENTS OF CHANGE WITHIN THEIR COMMUNITIES. OUR OBJECTIVES ARE TO IDENTIFY NEW LEADERS FROM VULNERABLE POPULATIONS AND ACCOMPANY THEM THROUGH ONGOING FORMATION EVENTS AND COMMUNITY.
OSV - IN PARTNERSHIP WITH OUR SUNDAY VISITOR INSTITUTE, THIS WORK TITLED "REAWAKEN AND EDUCATE AUTHENTIC LEADERS" (R.E.A.L) WILL PRODUCE ENCULTURATED FAITH AND VOCATIONAL FORMATION MATERIALS THROUGH PRINTED AND ONLINE RESOURCES IN ENGLISH AND SPANISH FOR MINISTERS, LEADERS, PRIESTS, PARISHES, AND DIOCESES.
MISSION TRIPS - SERVICE AND FAMILY STRENGTHENING PROGRAM: FOR YOUTH AND YOUNG ADULTS TO SERVE FAMILIES IN NEED LOCALLY AND NATIONALLY THROUGH RETREATS, MISSION TRIPS, AND CONFERENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Wright Secretary | OfficerTrustee | 10 | $0 |
Dr Gregory Bottaro PHD Board Member | Trustee | 2 | $0 |
Timothy Hanley Board Member | Trustee | 2 | $0 |
David Calvillo Atty CPA CVA Board Member | Trustee | 1 | $0 |
FR Agustino Torres Cfr President | OfficerTrustee | 40 | $0 |
Edward Morrell CPA Treasurer | OfficerTrustee | 2 | $0 |
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 | $383,281 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $383,281 |
| Total Program Service Revenue | $60,014 |
| Investment income | $36 |
| 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 | -$733 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $450,297 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,968 |
| Grants and other assistance to domestic individuals. | $23,667 |
| Grants and other assistance to Foreign Orgs/Individuals | $13,300 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,780 |
| Compensation of current officers, directors, key employees. | $1,309 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $127,804 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,778 |
| Payroll taxes | $16,936 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,439 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,419 |
| Advertising and promotion | $5 |
| Office expenses | $17,336 |
| Information technology | $16,160 |
| Royalties | $0 |
| Occupancy | $11,176 |
| Travel | $46,126 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,918 |
| Interest | $3,052 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,630 |
| Insurance | $5,661 |
| All other expenses | $0 |
| Total functional expenses | $435,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $311,757 |
| Savings and temporary cash investments | $124,361 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,328 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,814 |
| Prepaid expenses and deferred charges | $7,082 |
| Net Land, buildings, and equipment | $219,220 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $665,562 |
| Accounts payable and accrued expenses | $19,513 |
| 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 | $120,368 |
| Other liabilities | $0 |
| Total liabilities | $139,881 |
| Net assets without donor restrictions | $525,681 |
| 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 | $665,562 |
Grants Awarded
Over the last fiscal year, Corazon Puro has awarded $68,238 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CASA GUADALUPE PURPOSE: CHARITABLE SUPPORT | $6,938 |
OUR LADY OF LOURDES PURPOSE: CHARITABLE SUPPORT | $11,300 |
ARCHDIOCESE OF NEW YORK PURPOSE: CHARITABLE SUPPORT FOR YOUTH OFFICE PROGRAM | $30,000 |
HISPANICS FOR LIFE PURPOSE: CHARITABLE SUPPORT | $20,000 |