Centro De Periodismo Investigativo Inc
Nonprofit profile at a glance
- EIN
- 660705065
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- San Juan, PR, USA
- Phone
- 7877511912
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Printing, Publishing
Reported finances
- Revenue
- $2,272,932
- Expenses
- $2,205,451
- Assets
- $2,720,834
- Liabilities
- $63,470
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Carla Santos (Executive Director)
- Carlos Rodriguez (President)
- Janice Petrovitch (Vice President)
Highest reported compensation
- Carla Santos (Executive Director): $104,746 total reported compensation
- Omaya Sosa (Founder Member): $55,705 total reported compensation
- Oscar Serrano (Founder Member): $12,376 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Be an instrument to produce, promote and defend investigative journalism and the publics right to access information.
What it reported doing in 2024
JOURNALISM: CPIs journalism work has been significant in the production, promotion, and defense of investigative journalism in Puerto Rico and across the Americas. Our efforts have contributed to holding those in power accountable. As a strategy to achieve our objectives, we join forces with media partners in Puerto Rico, the U.S. mainland, and with journalists in the Caribbean. In 2024 reporting continued in health, economy, education, housing, climate and environmental stories, which addressed issues impacting our communities daily lives. Our publications increased and our reach grew. Our unique website visitors grew 23% this year and newsletter subscriber grew by 14%. We retained a partnership with Telemundo/Rayos X, this allows us to participate in TV every week. We also maintained our gender issues unit as well as our public education unit, and added a permanent health reporting beat.
Operating model
- Revenue model
- Donor-supported. 99% 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
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 100
- Accountability: 95
- Sustainability: 47
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.1%; rating input score 74
- Program expense ratio: 76%; rating input score 76
- Fundraising efficiency: $8.55 raised per $1 spent on fundraising; rating input score 32; 32nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3%; rating input score 44; 44th percentile among comparable filings
- Total-asset coverage ratio: 1.23; rating input score 44; 44th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 79; 79th percentile among comparable filings
- Officer compensation ratio: 8%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: 19.9% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: 4.6% per year; rating input score 100; 39th percentile among comparable filings
- Asset growth: 7.2% per year; rating input score 100; 46th percentile among comparable filings
Details
- Where the money goes: 74.1% of revenue deployed · 76% of spending went to programs
- Governance: 10 of 10 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $1.7M in reported program spending
- Leadership: top reported pay $105K · 10 people listed
- Consistency: 31 of 32 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- 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.
- Moderate — Financial Efficiency: Fundraising efficiency scored 32/100.
- Moderate — Sustainability: Operating margin scored 44/100.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.