ColaborativoPR Inc

Nonprofit profile at a glance

EIN
660901994
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
San Juan, PR, USA
Phone
7873186985
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Education N.E.C.

Official website

Reported finances

Revenue
$388,939
Expenses
$625,712
Assets
$53,354
Liabilities
$10,821

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

1 person listed

Highest reported compensation

  • Leonor Garcia (Executive Dir.): $80,300 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Increase postsecondary enrollment and completion of students from low income communities with the highest postsecondary non-enrollment.

What it reported doing in 2024

Our main goal is for Puerto Ricos youth affected by poverty and inequality to have access to opportunities that enable them to pursue and succeed in postsecondary education, leading to better careers and an improved quality of life, while also strengthening Puerto Ricos economic outlook. ColaborativoPR works toward this goal by preparing and equipping disadvantaged and marginalized high school students with the tools they need to be ready for postsecondary studies, ensuring they are admitted to, enrolled in, and able to attain a postsecondary degree. Our model focuses on three key areas: University Life Planning, Academic Achievement, and Social-Emotional Development. Through this model, we provide academic counseling sessions, university visits, local college entrance exam preparation, FAFSA application assistance, and social-emotional support programs aligned with our postsecondary degree attainment goals. Some of our achievements for 20242025 include: 750 students from Loza participated in the College Access and Success Program. An average participation rate of 87% across the six college counseling sessions, with 93% of enrolled students meeting at least once with our college counselors. A 70% participation rate in university visits. 94% of the 2025 graduating cohort from Lozas two high schools applied to a total of 18 postsecondary institutions in Puerto Rico. A total of 224 applications were submitted, with 61% directed toward private institutions and 39% toward public institutions.

Operating model

Revenue model
Donor-supported. 96% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 92
  • Accountability: 36
  • Sustainability: 9
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 63.2%; rating input score 63
  • Fundraising efficiency: $52.57 raised per $1 spent on fundraising; rating input score 77; 77th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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: 0%; rating input score 0; 7th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Limited
    • Other executive compensation review process: Limited
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -60.9%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 0.09; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 0.2; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 12.8%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: -13.9% per year; rating input score 0; 8th percentile among comparable filings
  • Revenue growth: -26% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: -89.9% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 63.2% of spending went to programs
  • Governance: 0 of 5 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $395K in reported program spending
  • Leadership: top reported pay $80K · 1 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Sustainability: Operating margin scored 4/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.
  • High — Sustainability: Officer compensation ratio scored 26/100.