Puerto Rico Centro De Artes Y Tecnologia Corp

Nonprofit profile at a glance

EIN
660907443
IRS 990 coverage
2021–2024
Forms available
Form 990 2024
Location
San Juan, PR, USA
Phone
7877227388
Rating
54
Verdict
MIXED
Rating confidence
Moderate
Sector
Arts Education

Reported finances

Revenue
$2,157,001
Expenses
$8,875,891
Assets
$11,530,194
Liabilities
$12,777,257

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

Leadership & pay

5 people listed

Executive titles in this filing

  • Raul Aponte (Executive Director)
  • Richard Carrion (President)
  • Raul Russi (Vice President)

People named in this filing

  • Raul Aponte (Executive Director)
  • Maria Enchautegui (Director)
  • Richard Carrion (President)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

The specific purpose of this Corporation shall include without limitation developing social initiatives to address low educational achievement among youth and high unemployment rates among adults.

What it reported doing in 2024

During the economic year end 2025 two semesters and one summer programs were delivered. They included one theater and one dance cohort per period. A total of 155 participants for theater and dance were impacted. Programs consisted of 12 weeks per semester and 2 weeks for the summer. The objective is to provide new skills promote the development of interpersonal relations provide socio emotional support and expose participants to new experiences that allows them to improve their quality of life and achieve social mobility. Each cohort finishes with a presentation of the skills acquired to parents and general public. Additional activities are provided like visits to theater and museums participating with other artistic organizations performances and family days. Inclusion is an integral part of our model allowing participants with special needs. An adults care program was implemented at the end of the year providing government certifications for unemployed and underemployed adults to provide care services. A total of 15 people attended the course 70% of them finding a job within the first month. This approach has proven of benefit not just for the special needs participants but for all since more respect and understanding are devel and understanding are developed.

Operating model

Revenue model
Donor-supported. 77% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 7
  • Transparency & Controls: 90
  • Accountability: 88
  • Sustainability: 25
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 10.7%; rating input score 11
  • Program expense ratio: 2.6%; rating input score 3
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • 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: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -311.5%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 1.3; rating input score 46; 46th percentile among comparable filings
  • Liabilities to assets ratio: 1.11; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: 27% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: 30.2% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 45.9% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 10.7% of revenue deployed · 2.6% of spending went to programs
  • Governance: 5 of 5 board members independent · 5 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $231K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 43 of 45 current checks pass · 2 findings to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 filed related-organization links
  • 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 — Financial Efficiency: Mission deployment rate scored 11/100.
  • High — Financial Efficiency: Program expense ratio scored 3/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Operating margin scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Part IX GrantsToDomesticOrgs column sum did not reconcile in the filed values.