Civic Intelligence

Junta De Accion Puertorriquena Inc

EIN 22-1944440 • 501(c)3 • East Brunswick, NJ

Profile

The puerto rican action board ("prab") is a private, non-profit corporation established in 1971 to provide services that improve the quality of life for the low income latino community (see schedule o for details).

754 Route 18 Suite 202East Brunswick, NJ 08816

www.prab.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.90x

Higher debt load relative to assets than 90% of similar nonprofits.

NTEE P • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

77th percentile

0.63x

Higher debt load relative to revenue than 77% of similar nonprofits.

NTEE P • $10M-$25M nonprofits • Source year 2024

Net Margin

14th percentile

-7.7%

Higher net margin than 14% of similar nonprofits.

NTEE P • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

48th percentile

$197,086

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

NTEE P • $10M-$25M nonprofits • Source year 2024

Asset Growth

9th percentile

-11%

Faster asset growth than 9% of similar nonprofits.

NTEE P • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

19th percentile

-4.8%

Faster revenue growth than 19% of similar nonprofits.

NTEE P • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$8,334,419

Up $5,622,614 (+207%) from 2022

Liabilities

Up

$6,768,969

Up $5,496,446 (+432%) from 2022

Net Assets

Up

$1,565,450

Up $126,168 (+8.8%) from 2022

Revenue

Down

$11,211,211

Down $191,442 (-1.7%) from 2022

Expenses

Down

$11,085,043

Down $174,597 (-1.6%) from 2022

Net Income

Down

$126,168

Down $16,845 (-12%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2010: $8,624,354Liabilities 2010: $4,527,825Net Assets 2010: $4,096,5292010Assets 2011: $9,266,407Liabilities 2011: $4,166,458Net Assets 2011: $5,099,9492011Assets 2012: $9,550,054Liabilities 2012: $3,800,488Net Assets 2012: $5,749,5662012Assets 2013: $9,374,111Liabilities 2013: $3,251,525Net Assets 2013: $6,122,5862013Assets 2014: $8,066,313Liabilities 2014: $2,437,111Net Assets 2014: $5,629,2022014Assets 2015: $6,787,059Liabilities 2015: $2,204,331Net Assets 2015: $4,582,7282015Assets 2016: $6,201,977Liabilities 2016: $2,412,903Net Assets 2016: $3,789,0742016Assets 2017: $6,124,908Liabilities 2017: $2,966,273Net Assets 2017: $3,158,6352017Assets 2018: $5,405,684Liabilities 2018: $2,826,595Net Assets 2018: $2,579,0892018Assets 2019: $3,198,280Liabilities 2019: $1,394,922Net Assets 2019: $1,803,3582019Assets 2020: $2,799,677Liabilities 2020: $1,056,451Net Assets 2020: $1,743,2262020Assets 2021: $2,505,820Liabilities 2021: $1,210,741Net Assets 2021: $1,295,0792021Assets 2022: $2,711,805Liabilities 2022: $1,272,523Net Assets 2022: $1,439,2822022Assets 2023: $8,334,419Liabilities 2023: $6,768,969Net Assets 2023: $1,565,4502023

Highlighted filing

2023

Assets$8,334,419
Liabilities$6,768,969
Net Assets$1,565,450

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $14,302,1952010Expenses 2011: $14,327,3912011Expenses 2012: $14,187,8872012Revenue 2013: $15,338,708Expenses 2013: $14,965,687Net Income 2013: $373,0212013Revenue 2014: $15,598,882Expenses 2014: $16,092,266Net Income 2014: -$493,3842014Revenue 2015: $15,327,199Expenses 2015: $16,373,673Net Income 2015: -$1,046,4742015Revenue 2016: $15,058,819Expenses 2016: $15,852,473Net Income 2016: -$793,6542016Revenue 2017: $14,878,861Expenses 2017: $15,509,300Net Income 2017: -$630,4392017Revenue 2018: $8,263,343Expenses 2018: $8,842,889Net Income 2018: -$579,5462018Revenue 2019: $13,113,644Expenses 2019: $13,889,375Net Income 2019: -$775,7312019Revenue 2020: $12,073,726Expenses 2020: $12,112,587Net Income 2020: -$38,8612020Revenue 2021: $11,202,004Expenses 2021: $11,627,769Net Income 2021: -$425,7652021Revenue 2022: $11,402,653Expenses 2022: $11,259,640Net Income 2022: $143,0132022Revenue 2023: $11,211,211Expenses 2023: $11,085,043Net Income 2023: $126,1682023

Highlighted filing

2023

Revenue$11,211,211
Expenses$11,085,043
Net Income$126,168

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$8.33$6.77$1.57$11.2$11.1$0.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.71$1.27$1.44$11.4$11.3$0.14
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.51$1.21$1.30$11.2$11.6$0.43
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.80$1.06$1.74$12.1$12.1$0.04
2019Summary only. Only limited summary data is available for this year.$3.20$1.39$1.80$13.1$13.9$0.78
2018Summary only. Only limited summary data is available for this year.$5.41$2.83$2.58$8.26$8.84$0.58
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.12$2.97$3.16$14.9$15.5$0.63
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.20$2.41$3.79$15.1$15.9$0.79
2015Detailed filing. Detailed filing data is available for this year.$6.79$2.20$4.58$15.3$16.4$1.05
2014Detailed filing. Detailed filing data is available for this year.$8.07$2.44$5.63$15.6$16.1$0.49
2013Detailed filing. Detailed filing data is available for this year.$9.37$3.25$6.12$15.3$15.0$0.37
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.55$3.80$5.75$14.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.27$4.17$5.10$14.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.62$4.53$4.10$14.3
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$11,402,653
Mission and Program Overview

Mission

THE PUERTO RICAN ACTION BOARD ("PRAB") IS A PRIVATE, NON-PROFIT CORPORATION ESTABLISHED IN 1971 TO PROVIDE SERVICES THAT IMPROVE THE QUALITY OF LIFE for the low income latino community (SEE SCHEDULE O FOR DETAILS).

To improve the quality of life of the low income population of central nj in a bilingual and bicultural setting, and continue its historic role as advocates for the latino community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,602,323$1,570,064▼ $32,259
Pledges and Grants Receivable$584,102$749,470▲ $165,368
Prepaid Expenses and Deferred Charges$72,646$101,202▲ $28,556
Inventories for Sale or Use$98,609$98,609→ $0
Accounts Receivable$91,780$91,780→ $0
Savings and Temporary Cash Investments$15,473$0▼ $15,473
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,505,820$2,711,805▲ $205,985
Other Assets Total$40,887$100,680▲ $59,793
Liabilities
Mortgage Notes Payable Secured by Investment Property$621,995$889,814▲ $267,819
Accounts Payable and Accrued Expenses$193,280$268,935▲ $75,655
Deferred Revenue$395,466$113,774▼ $281,692
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,210,741$1,272,523▲ $61,782
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,295,079$1,439,282▲ $144,203
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$1,295,079$1,439,282▲ $144,203
Total Liabilities and Net Assets / Fund Balance$2,505,820$2,711,805▲ $205,985

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,298,286$2,027,886$3,326,172
Land$216,353-$216,353
Equipment$55,425$5,873$61,298
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jose C MontesExecutive DirectorFT$162,290$26,483$188,773
Coralin A LARRESChief Financial OfficerFT$105,020$18,376$123,396
Rita KoromiECC Senior DirectorFT$98,656$16,437$115,093

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Divine Energy Solutions INCContractor200 RICHARDS AVE, Dover, NJ 07801$214,081
Advance Air Tech LLCContractor861 Barry Avenue, Perth Amboy, NJ 08861$167,280
Conover Building Maintainance INCContractorPO BOX 7229, North Brunswick, NJ 08902$145,153
Revenue and Support

Revenue Composition

Contributions and Grants
$11,240,660
Program Service Revenue
$133,286
Investment Income
$2,517
Other Revenue
$26,190
All Other Contributions
$112,033
Change in Net Assets
$143,013

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,402,653
Revenue Not Reported on Form 990
$294
Total Revenue per Audited Statements
$11,402,947
Total Revenue per Form 990
$11,402,653
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,220,910
Other Expenses$2,326,878
Grants and Similar Amounts Paid$711,852
Total Fundraising Expense$1,697
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,564,087$411,241-$5,975,328
Other Employee Benefits$1,161,786$87,679-$1,249,465
Occupancy$1,115,200$100,477-$1,215,677
Grants to Domestic Individuals$711,852--$711,852
Payroll Taxes$518,406$39,124-$557,530
Current Officers, Directors, Trustees, and Key Employees$408,329$30,258-$438,587
Office Expenses$357,847$55,677-$413,524
Information Technology$109,065$54,171-$163,236
Insurance$137,286$13,102-$150,388
Fees for Services Other$52,473$55,907-$108,380
Depreciation Depletion$85,074--$85,074
Travel$47,520$1,678-$49,198
Interest-$44,246-$44,246
Other Expenses$33,542$737-$34,279
Conferences and Meetings$21,212$8,840$1,697$31,749
Fees for Services Accounting$12,174$12,971-$25,145
Fees for Services Legal$2,418$2,577-$4,995
Advertising$987--$987
Total Functional Expenses$10,339,258$918,685$1,697$11,259,640

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,259,640
Total Expenses per Form 990$11,259,640
Total Expenses per Audited Statements$11,258,744
Expenses Not Reported on Form 990$-896
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 12C

On an annual basis each board member submits a conflict of interest disclosure document to the executive director.

Form 990, Part VI, Section B, Line 15A

The executive committee of the board of directors performs an annual evaluation of the executive director and approves the compensation. During the annual budget approval process, salaries for all employees are also approved.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Form 990, Part VI, Section B, Line 11B

Before the 990 is filed, the board members receive a draft for review and approval after discussion at a board meeting.

Filing and Contact Details

Filer

Filer Name
Junta De Accion Puertorriquena Inc
EIN
22-1944440
In Care Of
% CORALIN A LARRES
Phone
7328284510
Address
754 Route 18 Suite 202, East Brunswick, NJ 08816
Doing Business As
Puerto Rican Action Board

Signing Officer

Name
Jose C Montes
Title
Executive Director
Phone
7328284510
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jose C Montes
Formed
1971
Legal Domicile
Nj
Voting Board Members
12
Independent Board Members
12
Employees
186
Volunteers
12

Preparer

Firm
WithumSmithBrown PC
Address
ONE TOWER CENTER BLVD 14TH FL, EAST BRUNSWICK, NJ 08816
Preparer
Joseph Perez
Phone
7328281614
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

PRAB's MISSION IS TO PROVIDE SERVICES THAT IMPROVE THE QUALITY OF LIFE OF THE LOW-INCOME POPULATION OF CENTRAL NEW JERSEY IN A BILINGUAL AND BICULTURAL SETTING, AND TO CONTINUE ITS HISTORIC ROLE AS ADVOCATES FOR THE LATINO COMMUNITY. THE PUERTO RICAN ACTION BOARD'S (PRAB) HUMBLE BEGINNINGS CONSISTED OF MODEST VOLUNTEER EFFORTS IN 1969 TO PROVIDE ENGLISH CLASSES TO RECENTLY ARRIVED LATINOS. WHEN NECESSARY, CLIENTS WERE ALSO ASSISTED WITH SECURING A HIGH SCHOOL EQUIVALENCY DIPLOMA. TWO YEARS LATER, PRAB WAS INCORPORATED, AND BY 1974 BEGAN TO RECEIVE FUNDING FROM THE NEW JERSEY STATE DEPARTMENT OF EDUCATION FOR ITS E.S.L. AND G.E.D. PROGRAMS. SHORTLY THEREAFTER, FUNDS WERE SECURED TO ESTABLISH THE FIRST FULL TIME, BILINGUAL/MULTI-CULTURAL DAY CARE CENTER FOR CHILDREN, AGES 2 TO 5 IN NEW JERSEY FUNDED BY THE DEPARTMENT OF COMMUNITY AFFAIRS (DCA) PROVIDING A UNIQUE AND MUCH NEEDED MULTICULTURAL CURRICULUM. PRAB HAS INTENSIFIED ITS EFFORTS TO IMPROVE NEIGHBORHOODS AND CURRENTLY DELIVERS DAYCARE AND PRESCHOOL PROGRAMS; YOUTH DEVELOPMENT; IMMIGRATION AND COUNSELING, JOB TRAINING AND PLACEMENT OPPORTUNITIES; HOUSING COUNSELING; CASE MANAGEMENT; HOME ENERGY AND WEATHERIZATION ASSISTANCE; COMMUNITY ADVOCACY; AND COMMUNITY DEVELOPMENT ACTIVITIES. THESE SERVICES ARE PROVIDED TO ECONOMICALLY DISADVANTAGED INDIVIDUALS AND FAMILIES THROUGHOUT THE CENTRAL NEW JERSEY AREA WITH THE GOAL OF AMELIORATING IMPEDIMENTS TO THE PATHWAY TO SELF SUFFICIENCY. PRAB CURRENTLY PROVIDES SERVICES THROUGHOUT THE CENTRAL NEW JERSEY AREA WITH OFFICES IN MIDDLESEX AND MERCER COUNTIES. ADDITIONALLY, THE MIDDLESEX COUNTY OFFICE PROVIDES MANY SERVICES TO NEIGHBORING SOMERSET COUNTY RESIDENTS. PROGRAMS ARE CURRENTLY OPERATING OUT OF TWELVE (12) FACILITIES PROVIDING QUINTESSENTIAL GRASSROOTS PREVENTION, INTERVENTION, AND ASSISTANCE AMIDST THE COMMUNITIES SERVED. OVER THE YEARS, THROUGH GRANTS AND MERGING WITH OTHER PROVIDERS, PRAB HAS MORPHED INTO A COMPREHENSIVE HUMAN SERVICES ORGANIZATION STRUCTURED INTO FOUR (4) DEPARTMENTS: EARLY CHILDHOOD SERVICES, YOUTH SERVICES, FAMILY SERVICES, AND COMMUNITY SERVICES: SOCIAL SERVICES AND ENERGY CONSERVATION. THROUGH THIS GROWTH, PRAB HAS BECOME THE PRIMARY SERVICE PROVIDER IN CENTRAL NEW JERSEY THAT EFFECTIVELY PROVIDES BILINGUAL/MULTICULTURAL DIVERSITY IN ITS SERVICES. THROUGH THIS BILINGUAL AND MULTICULTURAL APPROACH, PRAB SERVES AS A PROACTIVE AGENT FOR INDIVIDUALS AND FAMILIES WHOSE NEEDS MAY OTHERWISE GO UNMET DUE TO LANGUAGE BARRIERS, DISCRIMINATION, AND LACK OF CULTURAL COMPETENCY. ALL ACTIVITIES AND PROGRAMS ARE DESIGNED AND DEVELOPED TO ENSURE SENSITIVITY TO THE VALUES AND CULTURESOF THE COMMUNITY AND THE FAMILIES BEING SERVED. AS A RESULT, PRAB HAS DEVELOPED THE EXPERTISE TO SERVE ALL PEOPLE REGARDLESS OF AGE, RACE, CREED, COLOR, NATIONAL ORIGIN, ANCESTRY, FAMILIAL STATUS, SEX, SEXUAL ORIENTATION OR FUNCTIONAL IMPAIRMENT. AN OVERWHELMING EXAMPLE OF THIS REALITY IS PRAB'S LEVEL OF SERVICE BREAKDOWN BY ETHNICITY, 30% WHITE, 20% AFRICAN AMERICAN, 37% LATINOS, 4% ASIAN, 9% OTHERS. PRAB HAS A 44 YEAR HISTORY OF ENGAGING FAMILIES, RESIDENTS, BUSINESSES, AND LOCAL ORGANIZATIONS. TO FURTHER STRENGTHEN ITS CAPACITY TO SERVE THE COMMUNITY, IN 2009 PRAB COMPETED AND WAS AWARDED THE COMMUNITY ACTION AGENCY DESIGNATION FOR MIDDLESEX COUNTY WEST BY DCA. IN THAT SAME YEAR, PRAB ALSO ACQUIRED THREE ADDITIONAL EARLY CHILDHOOD CENTERS. THROUGH THESE SERVICE EXPANSIONS AND DEPARTMENTS PRAB HAS NOW RECRUITED NEARLY 300 TRAINED MULTI-CULTURAL, BI-LINGUAL, INTERDISCIPLINARY, AND SOCIALLY CONSCIENCE STAFF TO DELIVER PROGRAMS AND SERVICES TO OVER 30,000 INDIVIDUALS ON AN ANNUAL BASIS. CHILDHOOD CENTERS. THROUGH THESE SERVICE EXPANSIONS AND DEPARTMENTS PRAB HAS NOW RECRUITED NEARLY 300 TRAINED MULTI-CULTURAL, BI-LINGUAL, INTERDISCIPLINARY, AND SOCIALLY CONSCIENCE STAFF TO DELIVER PROGRAMS AND SERVICES TO OVER 30,000 INDIVIDUALS ON AN ANNUAL BASIS.

Form 990, Part III, Line 4A

The classroom activities foster the development of bilingual learners and English as a second language is taught to provide the children with English speaking skills and to allow them to successfully enter Kindergarten on-track. The preschool program is also offered for eligible children ages 3 to 4 years old and includes 6 hours of educational programming and 4 hours of before and after care during the school year with a supplemental summer program, giving working parents a quality educational alternative for their children. PRAB currently operates six preschool sites that provide education to 690 children.

Form 990, Part XI, Line 9

Grant refund - $1,190

Financial Statement Notes

Fin 48 Footnote

PRAB is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code and the New Jersey taxation code. Accordingly, no provision for income taxes has been reflected in the accompanying financial statements. PRAB had no unrecognized tax benefits at June 30, 2022 and 2021. PRAB has no income tax related penalties or interest for the years presented in these financial statements.

Form 990, Schedule D, Part XI and XII

Part xii, line 2d grant refunds of $1,190

Raw XML AppendixShowing 400 of 666 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0THE PUERTO RICAN ACTION BOARD ("PRAB") IS A PRIVATE, NON-PROFIT CORPORATION ESTABLISHED IN 1971 TO PROVIDE SERVICES THAT IMPROVE THE QUALITY OF LIFE FOR THE LOW INCOME LATINO COMMUNITY (SEE SCHEDULE O FOR DETAILS).
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IRS990/ProgSrvcAccomActy2Grp/Desc0Energy Conservation - PRAB operates programs that reduce energy costs for low-income households by increasing the energy efficiency of their homes while ensuring health and safety. In addition, residents can also receive benefits towards their heating and cooling bills.
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