Centro De Investigaciones Folkloricas De Puerto Rico Inc
Nonprofit profile at a glance
- EIN
- 660495546
- IRS 990-EZ coverage
- 2022–2022
- Forms available
- Form 990-EZ 2022
- Location
- Ponce, PR, USA
- Phone
- 9396401584
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $70,367
- Expenses
- $66,822
- Assets
- $115,166
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- J EMANUEL DUFRASNE GONZALEZ (BOARD OF DIRECTORS-PRESIDENT)
- MARIA J BRANCHS CABRERA (BOARD OF DIRECTORS-VICE-PRESIDENT)
- NESTOR MURRAY IRIZARRY (EXECUTIVE DIRECTOR)
People named in this filing
- J EMANUEL DUFRASNE GONZALEZ (BOARD OF DIRECTORS-PRESIDENT)
- MARIA J BRANCHS CABRERA (BOARD OF DIRECTORS-VICE-PRESIDENT)
- CARMEN ASENCIO LOPEZ (BOARD OF DIRECTOR-SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Organization pursues to improve the civic conscience and socio-cultural environment of our children and youngsters'. through the collection, study and systematic investigation of all manifestations of Puerto Rican culture, as well as through their diffusion across the southeastern part of the country. It is a community cultural axis that develops projects oriented towards strengthening self-esteem and social values among the young living in the lowest-income neighborhoods.''
What it reported doing in 2022
Using restricted funds provided by donors, the Organization has held scheduled conferences and public conversations at its site before earthquakes, occurred during 2021 in the south of Puerto Rico, which necessitated the closing of the site. Since then, we have continued offering these educational and cultural activities by broadcasting them to audiences through a virtual platform, and with the coordination of volunteers rebroadcasting the same events over social networks. In addition, the events are filed on our webpage so they can be seen and enjoyed in the future. The Organization has also produced more than 40 books, among which are monographs, biographies, Puerto Rican's culture and musical, Puerto Rico's great classical composers and musicians and conferences on the abolition of slavery in Puerto Rico. Aso, around 60 articles on various topics of Puerto Rico's culture have been published in a local digital newspaper. An exhibition of reproductions of various musical instruments from Puerto Rico, that have disappeared and forgotten and were discovered in museums in the United States and Germany, is currently presented in a local museum of art, with plans later to move the exhibition to other centers on the island. Other activities include a community workshop for the assembly of the traditional Puerto Rican tiple instrument, three books of Puerto Rican music designed, produced and presented, an electronic book created about the traditional musical instruments of Puerto Rico, video documentaries about the history, manufacturing and assembly of instruments and developments of the Puerto Rican tiple. An online store to obtain our extensive publications is available for the public.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 100
- Sustainability: 58
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70.1%; rating input score 70
- Program expense ratio: 73.8%; rating input score 74
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 5%; rating input score 55; 55th percentile among comparable filings
- Total-asset coverage ratio: 1.72; rating input score 58; 58th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 70.1% of revenue deployed · 73.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $49K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Operating margin scored 55/100.
- Review — Sustainability: Total-asset coverage ratio scored 58/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.