Rico INC FY2023 filing

Tax-deductible

San Juan, PR501(c)(3)Food & AgricultureEIN 66-0831665

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The development of agriculture in puerto Rico througt education, health and food security through organic, community and urban agericulture. Offer educational services through seminars and workshops for farmers in management, administrative and technical matters. The protection and conservation of the natural resources of puerto Rico.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$9K 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

FY2023 · 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
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$9K
to officers and key staff · 36% of spending
Concern: pay to officers and key staff is 36% of spending; over 30%.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$65K
222% of total assets
Concern: liabilities are 222% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2K
Spent
$26K
To programs
100%
Net assets
−$36K
By yearFY2023–FY2024
Revenue
$2K
FY2023
Revenue by fiscal year
FY2023$2K
FY2024$58K
Net assets
−$36K
FY2023
Net assets by fiscal year
FY2023−$36K
FY2024−$33K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2023-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Jun 2024.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $26K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $9K paid to officers and key staff.

Part VII, Section A · reportable compensation
$2,300Pt VII · Sec A
Employee
$1,670Pt VII · Sec A
Employee
$1,440Pt VII · Sec A
Ejecutive Director
$1,400Pt VII · Sec A
Employee
$1,400Pt VII · Sec A
Employee
$1,220Pt VII · Sec A

Camille Collazo’s $33K as Executive Director is at the 84th percentile of top reported officer pay among 134 <$100K food & agriculture 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 · 7 named individuals · Part VII

NameFY2024FY2023
Camille Collazo$33,000—
Therel Santos—$2,300
Omar Ortiz—$1,670
Hugo Varona—$1,440
Camille Collazo Ortiz—$1,400
Paola Millan—$1,400
Elsa Ortiz—$1,220

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 15aNo

Programs and updates

Promotes sustainable farming and resource conservation in Puerto Rico through education and community initiatives.

Provided by the organization

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1 program · $26K · in their own filed words · FY2023
01

Information from the accounting books

$26Kprogram 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 · FY2022
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2K
Ln 12
Fees for servicesLn 2g$2K
Money outPt IX
$26K
Ln 25
Programscol B$26K
Owns and owesPt X
−$36K
net assets · Ln 32
Cash and savingsLn 1–2$23K
Total assetsLn 16$29K
LiabilitiesLn 26$65K
PeoplePt VI, VII
6
listed · VII A
PaidVII A6
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2K
Total revenueLn 12$2K
Assets in detailPt X, end of year
CashLn 1$23K
Cash and savings togetherLn 1–2$23K
Land, buildings, equipmentLn 10c$5K
Total assetsLn 16$29K
LiabilitiesLn 26$65K
Net assetsLn 32−$36K
OperationsPt I, VI
EmployeesI 50
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 FY23End FY23
Cash and savingsLn 1–2$48K$23K
Land, buildings, equipmentLn 10c$5K$5K
Total assetsLn 16$60K$29K
LiabilitiesLn 26$72K$65K
Net assetsLn 32−$12K−$36K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$17K$17K
Office expensesLn 13$1K$1K
Conferences, conventions and meetingsLn 19$1K$1K
Other expenses (24a–d)Ln 24$6K$6K
All other expensesLn 24e$191$191
Total functional expensesLn 25$26K$26K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $58K−$33K 990 PDF
FY2023 Viewing $2K$26K−$23K−$36K 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 FY2023 990 (5 parts)
Part I · Summary $2,475 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$2,475
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$2,475
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$25,846
I-18 Total expenses$25,846
I-19 Revenue less expenses−$23,371
Part VIII · Statement of revenue $2,475 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,475$2,475
VIII-12 Total revenueRelated to mission $2,475 · Unrelated business $0 · Excluded from tax $0$2,475
Part IX · Statement of functional expenses $25,846 across 5 lines filed
IX-11a Management feesPrograms $17,333$17,333
IX-13 Office expensesPrograms $1,468$1,468
IX-19 Conferences, conventions and meetingsPrograms $1,042$1,042
IX-24 Other expenses (24a–d)Programs $5,812$5,812
IX-24e All other expensesPrograms $191$191
IX-25 Total functional expensesPrograms $25,846 · Management $0 · Fundraising $0$25,846
Part X · Balance sheet $29,095 assets, 10 lines filed
Asset lines not itemized here account for $1,137; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $48,235$22,642
X-10c Land, buildings and equipment, netStart of year $5,316$5,316
X-16 Total assetsStart of year $60,002$29,095
X-18 Grants payableStart of year $500$500
X-24 Unsecured notes and loans payableStart of year $48,033$40,485
X-26 Total liabilitiesStart of year $72,165$64,617
X-27 Net assets without donor restrictionsStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$12,163−$35,522
X-33 Total liabilities and net assetsStart of year $60,002$29,095
Part XI · Reconciliation of net assets −$35,522 net assets at year end
XI-1 Total revenue$2,475
XI-2 Total expenses$25,846
XI-3 Revenue less expenses−$23,371
XI-4 Net assets at start of year−$12,163
XI-10 Net assets at end of year−$35,522

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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