Conprmetidos Corp FY2021 filing

Tax-deductible

San Juan, PR501(c)(3)Community DevelopmentEIN 66-0780024Revenue $384K in FY2021

On file with the IRSconprmetidos.org850 Calle Del Parque, 00909-2851 · San Juan, PRTax-exempt since Jun 2019Publicly supported charity — 170(b)(1)(A)(vi)

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Connect people to create commitment with personal social and economic development of puertorrican communities.

501(c)(3) charity; gifts are tax-deductible.
56¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $126K a year · 17% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
26 mo
of spending, in cash
Looks good: 25.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $236K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$84K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$384K
-22% vs prior year
Spent
$488K
To programs
56%
Net assets
$993K
By yearFY2020–FY2024
Revenue
$384K
FY2021▼ -22%
Tap a bar for its year
Revenue by fiscal year
FY2020$494K
FY2021$384K
FY2022$937K
FY2024$1.2M
Expenses
$488K
FY2021▼ -51%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$488K
FY2022$755K
FY2024$1.2M
Net assets
$993K
FY2021▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$993K
FY2022$1.2M
FY2024$999K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $274K Management & general 44% · $214K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasury
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Isabel Rullan’s $83K as Executive Director is at the 12th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2022FY2020
Isabel Rullan$83,105$80,025$75,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers Puerto Rican communities through personal, social, and economic development.

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Provided by the organization

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1 program · $274K · in their own filed words · FY2021
01

Help to communities affected by COVID 19 Earthquake.

$274Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 6 funders$236K
See all 6 funders →
Grants paid · 9 grants · $160K · 2022–2022
Individual RecipientFY2022$30,000
Mumas Renaciendo CorpPR · FY2022$25,000
Monte Azul FoundationFY2022$20,000
Paye INCOR · FY2022$20,000
The Vieques ConservationFY2022$15,000
Individual RecipientFY2022$15,000
CodemFY2022$15,000
Individual RecipientFY2022$10,000
ProcafeFY2022$10,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$384K
Ln 12
Gifts and grantsLn 1h$384K
Other incomeLn 4–11$440
Money outPt IX
$488K
Ln 25
Programscol B$274K
Managementcol C$214K
Owns and owesPt X
$993K
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.1M
LiabilitiesLn 26$84K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$384K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Other incomeLn 4–11$440
Total revenueLn 12$384K
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$0
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$25K
Other assetsLn 15$0
Total assetsLn 16$1.1M
LiabilitiesLn 26$84K
Net assetsLn 32$993K
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.1M$1.1M
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$40K$25K
Total assetsLn 16$1.2M$1.1M
LiabilitiesLn 26$128K$84K
Net assetsLn 32$1.1M$993K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$189K$100K$89K$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$57K$11K$46K$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$0$0$0$0
Information technologyLn 14$9K$3K$6K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$1K$1K$28$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$2K$0$2K$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$0$0$0$0
Other expenses (24a–d)Ln 24$197K$159K$38K$0
All other expensesLn 24e$33K$413$33K$0
Total functional expensesLn 25$488K$274K$214K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.2M$1.2M−$72K$999K 990 PDF
FY2023 Not on file
FY2022 $937K$755K$182K$1.2M 990 PDF
FY2021 Viewing $384K$488K−$104K$993K 990 PDF
FY2020 $494K$1.0M−$511K$1.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $384,153 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $484,397$383,713
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $5,087$0
I-11 Other revenuePrior year $5,000$440
I-12 Total revenuePrior year $494,484$384,153
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $199,788$189,120
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $805,585$298,586
I-18 Total expensesPrior year $1,005,373$487,706
I-19 Revenue less expensesPrior year −$510,889−$103,553
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $384,153 across 14 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$383,713
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$383,713
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $440 · Unrelated business $0 · Excluded from tax $0$440
VIII-12 Total revenueRelated to mission $440 · Unrelated business $0 · Excluded from tax $0$384,153
Part IX · Statement of functional expenses $487,706 across 27 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $100,078 · Management $89,042 · Fundraising $0$189,120
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $10,642 · Management $45,932 · Fundraising $0$56,574
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-14 Information technologyPrograms $2,923 · Management $6,380 · Fundraising $0$9,303
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $1,040 · Management $28 · Fundraising $0$1,068
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $1,604 · Fundraising $0$1,604
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$0
IX-24 Other expenses (24a–d)Programs $158,755 · Management $38,097 · Fundraising $0$196,852
IX-24e All other expensesPrograms $413 · Management $32,772 · Fundraising $0$33,185
IX-25 Total functional expensesPrograms $273,851 · Management $213,855 · Fundraising $0$487,706
Part X · Balance sheet $1,077,092 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $1,126,305$1,051,651
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $27,900$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $40,198$25,441
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $1,194,403$1,077,092
X-17 Accounts payable and accrued expensesStart of year $5,400$14,192
X-18 Grants payableStart of year $87,500$70,000
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $5,050$0
X-26 Total liabilitiesStart of year $128,083$84,192
X-27 Net assets without donor restrictionsStart of year $0$992,900
X-28 Net assets with donor restrictionsStart of year $1,066,320$0
X-32 Total net assets or fund balancesStart of year $1,066,320$992,900
X-33 Total liabilities and net assetsStart of year $1,194,403$1,077,092
Part XI · Reconciliation of net assets $992,900 net assets at year end
XI-1 Total revenue$384,153
XI-2 Total expenses$487,706
XI-3 Revenue less expenses−$103,553
XI-4 Net assets at start of year$1,066,320
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$30,133
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$992,900

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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