2022 Act Foundation INC FY2020 filing

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The organization allocates monetary contributions to charities dealing with different causes like children, animal cruelty, human well-being, and social development, among others. The organization also educates the public about Puerto Rico Acts 20 and 22 of 2012 and Act 60 of 2019, as amended.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$58K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
5 of 5
filings with a surplus
Average surplus $415K a year · 20% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$58K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
16 mo
of spending, in cash
Looks good: 15.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $80K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
Spent
$1.3M
To programs
81%
Net assets
$1.8M
By yearFY2020–FY2024
Revenue
$1.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$1.9M
FY2022$2.1M
FY2023$2.5M
FY2024$2.4M
Expenses
$1.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.5M
FY2022$1.9M
FY2023$1.8M
FY2024$1.9M
Net assets
$1.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$2.2M
FY2022$2.3M
FY2023$2.9M
FY2024$3.6M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Apr 2017.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $1.1M Management & general 19% · $255K

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

5 people listed on the 990; $58K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary and Treasurer
$58,425Pt VII · Sec A
President
$0Pt VII · Sec A
Member of Board of Directors
$0Pt VII · Sec A
Member of Board of Directors
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Enid Concepcion’s $46K as Secretary is at the 5th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking 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

NameFY2024FY2023FY2021FY2020
Jorge Kuilan——$62,157$58,425
Enid Concepcion$45,600$31,339——

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 2022 Act Foundation INC executive salaries →

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

Funds charities for various causes and educates on Puerto Rico tax incentives.

Questions for 2022 Act Foundation INC

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3 programs · $987K · in their own filed words · FY2020
01

Children Well-Being

Grants to organizations dealing with children and youth well-being, care, and social development. The purpose of these grants was to support organizations whose work plan deals with addressing spiritual needs, community volunteering, provide shelter, refurbished computers to local schools and disadvantaged communities, supporting…

$390Kprogram expense
02

Animal Welfare

Grants to nonprofit organizations promoting and safeguarding the welfare of dogs, cats, horses, and the local bee population. The purpose of these grants was to support educational campaigns in those areas, as well as supporting the rescue, care, healing, and adoption of stray dogs and cats, as well as the rehabilitation of horses and…

$332Kprogram expense
03

Social Causes

Grants to nonprofit organizations dealing with domestic abuse awareness, shelter, and rehabilitation of the homeless and the elderly. Programs that support low-income women with sexual and reproductive care and testing.

$265Kprogram 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 · FY2020
Total grants receivedfrom 2 funders$80K
Grants paid · 176 grants · $6.5M · 2020–2024
Kinesis INCPR · FY2024$150,000
Centros Sor Isolina Ferre INCPR · FY2024$100,000
World Computer Exchange INCMA · FY2024$50,000
Asociacion PuertorriquenaPR · FY2024$50,000
FundescoPR · FY2024$45,000
Techos PA Mi GentePR · FY2024$20,000
Sociedad Americana ContraPR · FY2024$20,000
Para La Naturaleza INCPR · FY2024$20,000
Instituto Nueva Escuela INCPR · FY2024$20,000
See all 176 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.7M
Investment incomeLn 3$2
Money outPt IX
$1.3M
Ln 25
Programscol B$1.1M
Managementcol C$255K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$1.8M
LiabilitiesLn 26$5K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$2
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$1.8M
SavingsLn 2$3K
Cash and savings togetherLn 1–2$1.8M
Other assetsLn 15$56K
Total assetsLn 16$1.8M
LiabilitiesLn 26$5K
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 51
VolunteersI 64
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 FY20End FY20
Cash and savingsLn 1–2$1.3M$1.8M
InvestmentsLn 11–13$0$0
Total assetsLn 16$1.4M$1.8M
LiabilitiesLn 26$1K$5K
Net assetsLn 32$1.4M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.1M$1.1M
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$58K$0$58K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$5K$0$5K$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$32K$0$32K$0
Accounting feesLn 11c$3K$0$3K$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$4K$0$4K$0
Advertising and promotionLn 12$24K$0$24K$0
Office expensesLn 13$585$0$585$0
Information technologyLn 14$9K$0$9K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$4K$0$4K$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$32K$0$32K$0
InsuranceLn 23$412$0$412$0
Other expenses (24a–d)Ln 24$8K$0$8K$0
All other expensesLn 24e$75K$75K$0
Total functional expensesLn 25$1.3M$1.1M$255K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 17, 2025 $2.4M$1.9M$546K$3.6M 990 PDF
FY2023Filed with the IRS Nov 11, 2024 $2.5M$1.8M$610K$2.9M 990 PDF
FY2022Filed with the IRS Nov 8, 2023 $2.1M$1.9M$116K$2.3M 990 PDF
FY2021Filed with the IRS Feb 10, 2023 $1.9M$1.5M$409K$2.2M 990 PDF
FY2020 ViewingFiled with the IRS Jan 24, 2022 $1.7M$1.3M$392K$1.8M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,725,280 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,617,502$1,725,278
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $3$2
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,617,505$1,725,280
I-13 Grants and similar amounts paidPrior year $937,740$1,078,713
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $47,175$63,236
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $213,246$191,590
I-18 Total expensesPrior year $1,198,161$1,333,539
I-19 Revenue less expensesPrior year $419,344$391,741
Part VI · Governance 5 of 5 board members independent, 5 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $1,725,280 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$0
VIII-1f All other contributions, gifts and grants$1,725,278
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$1,725,278
VIII-3 Investment incomeRelated to mission $2 · Unrelated business $0 · Excluded from tax $0$2
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $2 · Unrelated business $0 · Excluded from tax $0$1,725,280
Part IX · Statement of functional expenses $1,333,539 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $1,078,713$1,078,713
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 $0 · Management $58,425 · Fundraising $0$58,425
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
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 $4,811 · Fundraising $0$4,811
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $31,540 · Fundraising $0$31,540
IX-11c Accounting feesPrograms $0 · Management $2,634 · Fundraising $0$2,634
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 $4,055 · Fundraising $0$4,055
IX-12 Advertising and promotionPrograms $0 · Management $24,389 · Fundraising $0$24,389
IX-13 Office expensesPrograms $0 · Management $585 · Fundraising $0$585
IX-14 Information technologyPrograms $0 · Management $9,066 · Fundraising $0$9,066
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $4,267 · Fundraising $0$4,267
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 $0 · Management $31,862 · Fundraising $0$31,862
IX-23 InsurancePrograms $0 · Management $412 · Fundraising $0$412
IX-24 Other expenses (24a–d)Programs $0 · Management $7,800 · Fundraising $0$7,800
IX-24e All other expensesManagement $74,980 · Fundraising $0$74,980
IX-25 Total functional expensesPrograms $1,078,713 · Management $254,826 · Fundraising $0$1,333,539
Part X · Balance sheet $1,820,375 assets, 30 lines filed
X-1 Cash, non-interest-bearingStart of year $1,331,941$1,761,498
X-2 Savings and temporary cash investmentsStart of year $2,553$2,555
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-5 Loans to officers and key peopleStart of year $2,500$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
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 $79,185$56,322
X-16 Total assetsStart of year $1,416,179$1,820,375
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $1,031$4,501
X-26 Total liabilitiesStart of year $1,031$4,501
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $1,415,148$1,815,874
X-32 Total net assets or fund balancesStart of year $1,415,148$1,815,874
X-33 Total liabilities and net assetsStart of year $1,416,179$1,820,375
Part XI · Reconciliation of net assets $1,815,874 net assets at year end
XI-1 Total revenue$1,725,280
XI-2 Total expenses$1,333,539
XI-3 Revenue less expenses$391,741
XI-4 Net assets at start of year$1,415,148
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$9,000
XI-9 Other changes in net assets−$15
XI-10 Net assets at end of year$1,815,874

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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