Fundacin Luis Muoz Marin Inc

Nonprofit profile at a glance

EIN
660385902
IRS 990 coverage
2020–2024
Forms available
Form 990 2024, Form 990-T 2022
Location
San Juan, PR, USA
Phone
7877557979
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$3,179,408
Expenses
$2,058,185
Assets
$11,106,699
Liabilities
$657,340

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

Leadership & pay

18 people listed

Executive titles in this filing

  • CARLOS OLIVENCIA GAYA (PRESIDENT)

Highest reported compensation

  • JAVIER ALEMAN IGLESIAS (EXECUTIVE DI): $85,000 total reported compensation
  • JULIO QUIROS ALCALA (SUB EXEC DIR): $59,456 total reported compensation

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

Overview

Mission

Helping to build puerto rico's future by preserving both the social and natural history and disseminating the values, philosophy and ideas of luis muoz marn and promoting them in identifying and solving the island's most urgent problems.

What it reported doing in 2024

Luis muoz marin historical archives - 260,507 - the historical archive constitutes one of the primary resources of the foundation. Its contents have been estimated at close to one and a half million items, including, among others, private and public documents, as well as documents compiled by luis muoz marn during his younger years, and during his incumbencies as founder and as chairman of the popular democratic party from 1938 to 1960, as president from 1941 to 1949 and as member of the puerto rican senate on five occasions, and as first elected governor of puerto rico from 1949 to 1965 and other historical material of the 20th century in puerto rico and the caribbean. The gardens - 121,588 - in accordance with luis muoz marn's last will, the foundation maintains in its original state the property of approximately four "acres" where his family resided and where the foundation's facilities are located. This property serves as the site for varieties of over thirty (30) different trees, and a diversity of collections of plants and flowers, which serve as an urban forest for the enjoyment of the general public, and to enhance the environment in the metropolitan area. Publications - 143,057 - the foundation's publications program carries the objectives of editing, publishing, and promoting the publication of monographs, articles, and other materials related to the life, time and works of luis muoz marn and other historical material of the 20th century in puerto rico and the caribbean. Digitalization - 594,088 - the historical archive of the foundation established a digitalization project that allows the preservation of the historical collection in digital format. This program includes not only the processing of historical documents, but also old objects from the three- dimensional collections that the foundation owns. The digitalization of historical documents has opened the doors to a wider dissemination of the historical heritage in puerto rico. The opening through virtual access helps to conserve the documents and objects of the collections and achieve the dissemination by reaching and attracting potential researchers and other types of users who could not have physical access to the documents in puerto rico and the world. Total amount 1,119,240

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 92
  • Accountability: 74
  • Sustainability: 78
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 52.5%; rating input score 53
  • Program expense ratio: 80.9%; rating input score 81
  • Fundraising efficiency: $25.85 raised per $1 spent on fundraising; rating input score 66; 66th 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: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 35.3%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 5.4; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 7%; rating input score 41; 41st percentile among comparable filings

Growth

  • Program expense growth: 8.5% per year; rating input score 100; 58th percentile among comparable filings
  • Revenue growth: 16.4% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 4.3% per year; rating input score 100; 31st percentile among comparable filings

Details

  • Where the money goes: 52.5% of revenue deployed · 80.9% of spending went to programs
  • Governance: 16 of 16 board members independent · 3 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $1.7M in reported program spending
  • Leadership: top reported pay $85K · 18 people listed
  • Highest-paid contractors: 3 contractors listed · $756K reported
  • Consistency: 24 of 24 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 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.

  • Review — Financial Efficiency: Mission deployment rate scored 53/100.
  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 41/100.