Asociacion Acirc Corp

Tax-deductible

San Juan, PR501(c)(3)Arts & CultureEIN 66-0804198

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To promote and recognize the artistic work of circus and street performance through diverse initiatives, artistic and cultural activities, like; festivals, workshops, educational exchange, show, performances, etc.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Run by 30 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
3 of 5
filings with a surplus
Average surplus $87K a year · 18% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$141K
to officers and key staff · 23% of spending
Top officer’s pay higher than 67% of similar orgs
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $40K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$88K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 6 voting members
Concern: none of 6 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$500K
-52% vs prior year
Spent
$612K
To programs
96%
Net assets
$552K
By yearFY2020–FY2024
Revenue
$500K
FY2024▼ -52%
Revenue by fiscal year
FY2020$184K
FY2021$304K
FY2022$395K
FY2023$1.0M
FY2024$500K
Expenses
$612K
FY2024▲ +6%
Expenses by fiscal year
FY2020$220K
FY2021$241K
FY2022$331K
FY2023$579K
FY2024$612K
Net assets
$552K
FY2024▼ -17%
Net assets by fiscal year
FY2020$79K
FY2021$142K
FY2022$205K
FY2023$664K
FY2024$552K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2020.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $585K Management & general 4% · $27K

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

7 people listed on the 990; $141K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$72,148Pt VII · Sec A
Activities Coodinator
$68,844Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Eduardo M Rivas’s $72K as Executive Director is at the 67th percentile of top reported officer pay among 2216 $100K–1M arts & culture 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Eduardo M Rivas$72,148$68,925$65,300$28,474
Maite Rivera$68,844$65,644$62,183—

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.

See Asociacion Acirc Corp executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes and recognizes circus and street performance art through festivals, workshops, and shows.

Provided by the organization

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2 programs · $585K · in their own filed words · FY2024
01

Puerto Rico International Festival of Circus and Street Arts, aims to promote the diversification and sustainability of local artistic production, by developing the street arts format bringing these cultural expressions closer to a more people, with an emphasis on communities with limited cultural offerings.

$542Kprogram expense
02

EL BASTION-Multidisciplinary cultural center recovered and self-managed by a collective of artists, with the intention of promoting the development of the arts in general. The space allows the development of endless cultural endeavors.

$43Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$40K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$500K
Ln 12
Gifts and grantsLn 1h$319K
Other incomeLn 4–11$128K
Fees for servicesLn 2g$53K
Money outPt IX
$612K
Ln 25
Programscol B$585K
Managementcol C$27K
Owns and owesPt X
$552K
net assets · Ln 32
Cash and savingsLn 1–2$477K
Total assetsLn 16$639K
LiabilitiesLn 26$88K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$319K
Government grantsLn 1e$212K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$53K
Other incomeLn 4–11$128K
Total revenueLn 12$500K
Assets in detailPt X, end of year
CashLn 1$227K
SavingsLn 2$250K
Cash and savings togetherLn 1–2$477K
Land, buildings, equipmentLn 10c$113K
Total assetsLn 16$639K
LiabilitiesLn 26$88K
Net assetsLn 32$552K
OperationsPt I, VI
EmployeesI 54
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$520K$477K
Land, buildings, equipmentLn 10c$100K$113K
Total assetsLn 16$674K$639K
LiabilitiesLn 26$11K$88K
Net assetsLn 32$664K$552K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$141K$141K$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$110K$110K$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$26K$26K$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$159$0$159$0
Accounting feesLn 11c$12K$0$12K$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$0$0$0$0
Advertising and promotionLn 12$9K$9K$0$0
Office expensesLn 13$5K$1K$4K$0
Information technologyLn 14$4K$0$4K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$1K$0$1K$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$18K$18K$0$0
InsuranceLn 23$5K$0$5K$0
Other expenses (24a–d)Ln 24$280K$280K$0$0
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$612K$585K$27K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $500K$612K−$112K$552K 990 PDF
FY2023 $1.0M$579K$458K$664K 990 PDF
FY2022 $395K$331K$64K$205K 990 PDF
FY2021 $304K$241K$63K$142K 990 PDF
FY2020 $184K$220K−$36K$79K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $499,521 across 11 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$211,852
VIII-1f All other contributions, gifts and grants$107,271
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$319,123
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $52,839 · Unrelated business $0 · Excluded from tax $0$52,839
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $127,559 · Unrelated business $0 · Excluded from tax $0$127,559
VIII-12 Total revenueRelated to mission $180,398 · Unrelated business $0 · Excluded from tax $0$499,521
Part IX · Statement of functional expenses $611,678 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $140,992 · Management $0 · Fundraising $0$140,992
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $109,535 · Management $0 · Fundraising $0$109,535
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 $26,177 · Management $0 · Fundraising $0$26,177
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $159 · Fundraising $0$159
IX-11c Accounting feesPrograms $0 · Management $12,416 · Fundraising $0$12,416
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 $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $9,218 · Management $0 · Fundraising $0$9,218
IX-13 Office expensesPrograms $1,264 · Management $4,015 · Fundraising $0$5,279
IX-14 Information technologyPrograms $0 · Management $4,174 · Fundraising $0$4,174
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $1,040 · Fundraising $0$1,040
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
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 $17,845 · Management $0 · Fundraising $0$17,845
IX-23 InsurancePrograms $0 · Management $5,218 · Fundraising $0$5,218
IX-24 Other expenses (24a–d)Programs $279,625 · Management $0 · Fundraising $0$279,625
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $584,656 · Management $27,022 · Fundraising $0$611,678
Part X · Balance sheet $639,424 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $269,747$226,779
X-2 Savings and temporary cash investmentsStart of year $250,000$250,000
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $54,981$49,503
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 $99,619$113,142
X-16 Total assetsStart of year $674,347$639,424
X-17 Accounts payable and accrued expensesStart of year $10,633$7,867
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$80,000
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $10,633$87,867
X-27 Net assets without donor restrictionsStart of year $663,714$551,557
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $663,714$551,557
X-33 Total liabilities and net assetsStart of year $674,347$639,424
Part XI · Reconciliation of net assets $551,557 net assets at year end
XI-1 Total revenue$499,521
XI-2 Total expenses$611,678
XI-3 Revenue less expenses−$112,157
XI-4 Net assets at start of year$663,714
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$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$551,557

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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