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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building Foundation for Puerto Rico Inc.

Foundation for Puerto Rico Inc.

Fiscal year ending 2024. Filed on November 17, 2025.

PO Box 364029
Hc1 Buzon 4230
San Juan, Puerto Rico 00936

Foundation for Puerto Rico Inc. (EIN: 66-0776227) has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2024 IRS Form 990 filing, Foundation for Puerto Rico Inc., a 501(c)(3) charitable organization, reported compensation for 4 out of 60 total employees. Among the employees shown here, the average compensation is $124,104. The highest compensated employee at Foundation for Puerto Rico Inc. is Damaris Ocasio Nieves with fiscal year 2024 compensation of $159,990.

Revenue, expenses, and employee compensation

Revenue

$4,532,198

Expenses

$4,541,322

Employee compensation

$2,897,844
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Damaris Ocasio Nieves
Chief Financial Officer
$159,990
$159,990 No related compNo other comp
Soledad Gaztambide Arandes
Chief Office
$127,100
$127,100 No related compNo other comp
Cesar A Santos Cardona
Human Resources Director
$105,100
$105,100 No related compNo other comp
Alma M Frontera Colon
Vice President, Operations
$104,225
$104,225 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Alexander Borschow
Director
Carlos L Rodriguez Ramos
Director
Graciela Eleta
Vice Chair
Ingrid Rivera
Secretary
Jesus Lopez
Director
Jonathan Borschow
Chair
Juan A Ramos
Director
Ramon Mellado
Chair Govern
Ronald Castro
Director
Zulmarie Urrutia
Treasurer

Contractors

Re Plus Collective Inc.
$415,729
3 Sided Cube Inc.
$204,571
Kevane Grant Thornton LLP
$174,509

Mission Statement

FOUNDATION FOR PUERTO RICO, INC. (FPR) WORKS WITH A DEFINED PLAN TO DEVELOP PUERTO RICO'S SOCIAL AND ECONOMIC POTENTIAL AND TRANSFORM IT INTO AN IMPORTANT COMPETITOR IN THE WORLD. FPR DOES THIS BY PROMOTING THE VISITOR ECONOMY AND EXPORT OF THE 21ST CENTURY AS CENTRAL TO ECONOMIC DEVELOPMENT; SUPPORTING INNOVATION IN EVERY SECTOR; CONTRIBUTING TO STRENGTHEN AND DEVELOP THE ORGANIZATIONS THAT MAKE UP OUR SOCIETY; AND DRIVING THE TALENT HERE TO RECOGNIZE ITS POTENTIAL. THE MISSION IS TO TRANSFORM PUERTO RICO INTO A DESTINATION FOR THE WORLD BY DRIVING SUSTAINABLE STRATEGIES OF ECONOMIC AND SOCIAL DEVELOPMENT.

Revisions to this organization profile

November 17, 2025:
2024 Foundation for Puerto Rico Inc. 990 filed
November 14, 2024:
2023 Foundation for Puerto Rico Inc. 990 filed
November 15, 2023:
2022 Foundation for Puerto Rico Inc. 990 filed

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