Nicoya Peninsula Foundation

What it reported doing in 2024

In its inaugural year, the nicoya peninsula foundation (npf) has made a remarkable impact across the santa teresa/cobano district area of costa rica, advancing initiatives in its core focus areas: environment, infrastructure, and social services. Grants were distributed to support critical projects spanning multiple communities, including cobano, las brisas, mal pais, manzanillo, montezuma, san isidro, and santa teresa.key to these efforts was the continued collaboration with mayor ronny montero and a new partnership with the muni environmental office to address garbage transfer-station solutions. Regular engagement with five public schools, the st/mp adi, catuza, fuerza publica, and policia turistica has bolstered social services and town security efforts. By deepening ties with six other community foundations across costa rica, npf is working to create scalable, high-impact solutions.these achievements are supported by the successful registration of npf as a local nonprofit in costa rica, enabling direct contributions from individuals and businesses, and by the launch of a pilot project with nantipa hotel to explore innovative funding mechanisms.working alongside a diverse network of local and national partners, npf continues to deliver scalable, high-impact solutions to create a brighter future for our community.grants summary: in 2024, npf distributed 35 grants totaling $224,787.99 across its core focus areas: social services, infrastructure, and environment. Key highlights of this grantmaking include: education / social services focus area highlights: the majority of npf's grants supported education and social service initiatives, particularly public schools and after-school programs. Npf supported five public schools in cobano, manzanillo, montezuma, san isidro, and santa teresa. Additionally, three after-school programs in boxing, soccer, and music received funding to promote community engagement and youth development.examples of education and social services grants include: montezuma school: funded complete replacement of a leaking roof and upgraded the electrical system.manzanillo school: provided 26 new desks and chairs to replace dilapidated classroom furniture, and funded repairs for leaking roofs and damaged walls.casa sonja orphanage: provided eye care and glasses for children and purchased a new refrigerator and freezer to ensure fresh food for 30 children and four mothers.futbol por mi pais after-school soccer program: supported the launch of a new soccer and leadership program in mal pais for 20 children and provided additional support for programs throughout the cobano district, including santa teresa and san isidro.environmental grants highlights: building on its commitment to sustainability, the nicoya peninsula foundation awarded key grants through its environment initiatives. This included 3 grants supporting pet neutering programs and 2 grants dedicated to tree planting efforts, fostering a healthier and more balanced ecosystem across the region. Some highlights are as follows: amigos de los arboles tree planting: funded fencing for the planting of 100 trees in montezuma by amigos de los arboles.cirenas rio bongo tree planting: supported planting of 800 trees to reforest the rio bongo.amigos de los perros pet neutering campaigns:3 grants given to provide support for numerous pet neutering campaigns resulting in spaying 200+ pets to help address the issue of overpopulation and neglect of the beautiful cats and dogs in our area.infrastructure grants highlights: throughout the year, npf, in collaboration with the santa teresa adi, awarded several grants focused on security, water, and road infrastructure. Six grants targeted security enhancements such as police vehicles, interim housing, and street lighting, while three addressed critical road and water improvements.examples include: nicaraguan community water and road solution: funded fire hydrants for the las brisas water line and provided road repairs du

Financial Efficiency

• Mission deployment rate: 68.6%; rating input score 69
• Program expense ratio: 90.8%; rating input score 91
• Fundraising efficiency: $78.14 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings

Transparency & Controls

• Consistency checks: 90.9%; rating input score 91; 13th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: 5 of 8 controls in place; rating input score 62
  • Claims monitoring procedures: Pass
  • Requires narrative reports: Pass
  • Conducts field audits: Fail
  • May suspend future funding: Fail
  • Requires financial reports: Pass
  • Conducts site visits: Pass
  • Requires grant agreements: Pass
  • May require repayment: Fail
• Grant itemization coverage: 71.5%; rating input score 71; 46th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 80%; rating input score 80; 21st percentile among comparable filings
• Governance controls: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 24.7%; rating input score 78; 78th percentile among comparable filings
• Total-asset coverage ratio: 0.33; rating input score 17; 17th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
• Officer compensation ratio: 28.6%; rating input score 12; 12th percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: Limited
• Asset growth: Limited