Civic Intelligence

Comite Olimpico De Pr Inc

990 • Fiscal year 2021 • EIN 66-0319546

Jan 01, 2021 to Dec 31, 2021 • Filed on May 03, 2021

Organization Profilewww.copur.pr
PO Box 9020008San Juan, PR 00902

(787) 723-3890

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

27th percentile

0.04x

Higher debt load relative to assets than 27% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

34th percentile

0.11x

Higher debt load relative to revenue than 34% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

1st percentile

-328%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

20th percentile

$87,600

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

1st percentile

-53%

Faster asset growth than 1% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

31st percentile

0.8%

Faster revenue growth than 31% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets27th percentile

Assets

Down

$13,590,318

Down $15,449,162 (-53%) from 2020

Net Assets

Down

$13,059,864

Down $15,386,430 (-54%) from 2020

Liabilities

Down

$530,454

Down $62,732 (-11%) from 2020

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin1st percentile

Revenue

Up

$4,694,867

Up $36,664 (+0.8%) from 2020

Expenses

Up

$20,081,297

Up $14,723,096 (+275%) from 2020

Net Income

Down

-$15,386,430

Down $14,686,432 (-2098%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $1,345,689Liabilities 2011: $1,319,466Net Assets 2011: $26,2232011Assets 2012: $28,813,898Liabilities 2012: $472,466Net Assets 2012: $28,341,4322012Assets 2013: $26,531,495Liabilities 2013: $1,324,581Net Assets 2013: $25,206,9152013Assets 2014: $48,209,092Liabilities 2014: $1,785,170Net Assets 2014: $46,423,9222014Assets 2015: $43,439,113Liabilities 2015: $1,277,121Net Assets 2015: $42,161,9922015Assets 2016: $40,124,927Liabilities 2016: $597,384Net Assets 2016: $39,527,5432016Assets 2017: $34,831,542Liabilities 2017: $747,032Net Assets 2017: $34,084,5102017Assets 2018: $33,433,452Liabilities 2018: $894,263Net Assets 2018: $32,539,1892018Assets 2019: $30,113,317Liabilities 2019: $967,025Net Assets 2019: $29,146,2922019Assets 2020: $29,039,480Liabilities 2020: $593,186Net Assets 2020: $28,446,2942020Assets 2021: $13,590,318Liabilities 2021: $530,454Net Assets 2021: $13,059,8642021Assets 2022: $13,304,502Liabilities 2022: $287,364Net Assets 2022: $13,017,1382022Assets 2023: $8,649,106Liabilities 2023: $768,857Net Assets 2023: $7,880,2492023Assets 2024: $5,753,429Liabilities 2024: $663,224Net Assets 2024: $5,090,2052024

Highlighted filing

2021

Assets$13,590,318
Liabilities$530,454
Net Assets$13,059,864
Open 2021 Filing

Operations Trend

Revenue Growth31st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10M-$20MRevenue 2011: $9,271,166Expenses 2011: $9,146,156Net Income 2011: $125,0102011Revenue 2012: $12,311,316Expenses 2012: $11,223,699Net Income 2012: $1,087,6172012Revenue 2013: $7,353,406Expenses 2013: $7,632,361Net Income 2013: -$278,9552013Revenue 2014: $11,740,605Expenses 2014: $11,914,482Net Income 2014: -$173,8772014Revenue 2015: $10,781,613Expenses 2015: $10,927,901Net Income 2015: -$146,2882015Revenue 2016: $10,611,591Expenses 2016: $9,439,939Net Income 2016: $1,171,6522016Revenue 2017: $4,623,110Expenses 2017: $6,235,778Net Income 2017: -$1,612,6682017Revenue 2018: $6,234,550Expenses 2018: $7,779,871Net Income 2018: -$1,545,3212018Revenue 2019: $5,810,385Expenses 2019: $8,503,279Net Income 2019: -$2,692,8942019Revenue 2020: $4,658,203Expenses 2020: $5,358,201Net Income 2020: -$699,9982020Revenue 2021: $4,694,867Expenses 2021: $20,081,297Net Income 2021: -$15,386,4302021Revenue 2022: $11,245,976Expenses 2022: $11,288,702Net Income 2022: -$42,7262022Revenue 2023: $12,610,711Expenses 2023: $17,747,600Net Income 2023: -$5,136,8892023Revenue 2024: $12,333,088Expenses 2024: $15,123,132Net Income 2024: -$2,790,0442024

Highlighted filing

2021

Revenue$4,694,867
Expenses$20,081,297
Net Income-$15,386,430
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 3, 2021
Return Version
2021v4.2
Gross Receipts
$4,694,867
Mission and Program Overview

Mission

The entity's mission is the training and development of high performance athletes for the representation of pr in international sports competitions. Also, the entity provides financial assistance and facilities for training to athletes and their federations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,302,078$8,525,547▲ $2,223,469
Pledges and Grants Receivable$22,344,154$4,555,963▼ $17,788,191
Land, Buildings, and Equipment, Net$306,602$329,315▲ $22,713
Other Notes and Loans Receivable, Net-$86,662-
Inventories for Sale or Use-$73,093-
Prepaid Expenses and Deferred Charges$84,773$16,768▼ $68,005
Total Assets$29,039,480$13,590,318▼ $15,449,162
Other Assets Total$1,873$2,970▲ $1,097
Liabilities
Accounts Payable and Accrued Expenses$271,955$225,280▼ $46,675
Unsecured Notes Loans Payable$121,287$154,677▲ $33,390
Other Liabilities$193,171$140,197▼ $52,974
Deferred Revenue$6,773$10,300▲ $3,527
Total Liabilities$593,186$530,454▼ $62,732
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$20,446,294$0▼ $20,446,294
Total Net Assets Fund Balance$28,446,294$13,059,864▼ $15,386,430
Total Liabilities and Net Assets / Fund Balance$29,039,480$13,590,318▼ $15,449,162

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0--
Other Land Buildings$0--
Land$0--
Equipment$329,315$1,181,372-
Leasehold Improvements$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021----$0
2020----$0
2019----$0
2018----$0
2017----$0
Compensation and Service Providers
Top Officer Pay20th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Sara Rosario VelezPresidentFT$87,600$87,600

Board Members and Trustees

NameTitle
Victor RuizFirst Vice President
Victor LopezSecond Vice President
Ivan SantosDeputy Secretary
Mildred ColonDeputy Treasurer
Carlos BeltranGeneral Secretary
Humberto TorresTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,971,872
Program Service Revenue
$0
Investment Income
$8,079
Other Revenue
$714,916
All Other Contributions
$3,573,495
Change in Net Assets
$-15,386,430

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Other Non Cash Contri Table$1,250,819Fair Market Value (FMV)
Other Non Cash Contri Table$1,066,730Fair Market Value (FMV)
Total Noncash Contributions$2,317,549-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,694,867
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,694,867
Total Revenue per Form 990
$4,694,867
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$17,810,192
Grants and Similar Amounts Paid$1,424,959
Salaries, Compensation, and Employee Benefits$846,146
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$11,424,512$525,579$0$11,950,091
Travel$1,682,264$43,893-$1,726,157
Fees for Services Other$1,161,015$290,254-$1,451,269
Grants to Domestic Individuals$1,319,304--$1,319,304
Occupancy$1,006,184--$1,006,184
Other Salaries and Wages$505,518$126,380-$631,898
Office Expenses$376,922$215,885-$592,807
Payments to Affiliates$336,584--$336,584
Insurance$173,197--$173,197
Fees for Services Legal$157,250--$157,250
Foreign Grants$105,655--$105,655
Depreciation Depletion$48,463$39,652-$88,115
Current Officers, Directors, Trustees, and Key Employees$52,560$35,040-$87,600
Other Expenses$76,450$70,678-$70,678
Other Employee Benefits$54,769$13,715-$68,484
Payroll Taxes$46,531$11,633-$58,164
Fees for Services Accounting$29,704--$29,704
Advertising$1,389--$1,389
Total Functional Expenses$18,645,102$1,436,195$0$20,081,297

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$20,081,297
Total Expenses per Audited Statements$20,081,297
Total Expenses per Form 990$20,081,297
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“After completing form 990, it is submitted towards the entity's finance director for review before signing. The finance director files the forms to the irs after approval.”

Form 990, Part VI, Section C, Line 19

“The entity is required to provide copy of its annual audited financial statements to several puerto rico agencies and to other third parties such as financial institutions.”

Filing and Contact Details

Filer

Filer Name
Comite Olimpico De Pr Inc
EIN
66-0319546
Phone
7877233890
Address
PO BOX 9020008, San Juan, PR 00902

Signing Officer

Name
Falcon Sanchez
Title
CPA
Phone
7874250500
Signed
2021-05-03
Discuss with paid preparer
Yes

Organization Details

Formed
1996
Voting Board Members
7
Independent Board Members
7
Employees
26

Preparer

Firm
Falcon Sanchez
Address
PO BOX 366397, San Juan, PR 00936
Preparer
Ivan N Salcedo Maldonado
Phone
7874250500
Supplemental Narrative

Additional Explanations

FORM 990, PART IX, LINE 24E

“Bad debt stemming from unconditional pledges $10,000,000; bad debt stemming from accounts receivalbe $170,520”

FORM 990, PART IX, LINE 24E

“In kind services from sponsors $1,502,519”

FORM 990, PART IX, LINE 24E

“Expenses stemming from competitions $277,052”

Raw XML AppendixShowing 400 of 519 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0271955
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0225280
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE ENTITY'S MISSION IS THE TRAINING AND DEVELOPMENT OF HIGH PERFORMANCE ATHLETES FOR THE REPRESENTATION OF PR IN INTERNATIONAL SPORTS COMPETITIONS. ALSO, THE ENTITY PROVIDES FINANCIAL ASSISTANCE AND FACILITIES FOR TRAINING TO ATHLETES AND THEIR FEDERATIONS.
IRS990/AdvertisingGrp/ProgramServicesAmt01389
IRS990/AdvertisingGrp/TotalAmt01389
IRS990/AllOtherContributionsAmt03573495
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0525579
IRS990/AllOtherExpensesGrp/ProgramServicesAmt011424512
IRS990/AllOtherExpensesGrp/TotalAmt011950091
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0CARLOS VAQUEZ MARZAN
IRS990/BooksInCareOfDetail/PhoneNum07877233890
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PONCE DE LEON AVENUE STOP 1
IRS990/BooksInCareOfDetail/USAddress/CityNm0San Juan
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PR
IRS990/BooksInCareOfDetail/USAddress/ZIPCd000901
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt06302078
IRS990/CashNonInterestBearingGrp/EOYAmt08525547
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt035040
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt052560
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt087600
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt03971872
IRS990/CYGrantsAndSimilarPaidAmt01424959
IRS990/CYInvestmentIncomeAmt08079
IRS990/CYOtherExpensesAmt017810192
IRS990/CYOtherRevenueAmt0714916
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-15386430
IRS990/CYSalariesCompEmpBnftPaidAmt0846146
IRS990/CYTotalExpensesAmt020081297
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04694867
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DeferredRevenueGrp/BOYAmt06773
IRS990/DeferredRevenueGrp/EOYAmt010300
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt039652
IRS990/DepreciationDepletionGrp/ProgramServicesAmt048463
IRS990/DepreciationDepletionGrp/TotalAmt088115
IRS990/Desc0SPORTS DELEGATIONS AND FEDERATIONS RECEIVED ECONOMIC SUPPORT FROM THE ENTITY TO COVER THEIR OPERATIONS AND ADMINISTRATIVE EXPENSES INCLUDING TRANSPORTATION, TRAINING AND MEALS ON THEIR DIFFERENT TOURNAMENTS, TRAINING FACILITIES ARE PROVIDED TO ATHLETES AND THEIR FEDERATIONS,
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt026
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt08645102
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt029704
IRS990/FeesForServicesAccountingGrp/TotalAmt029704
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0157250
IRS990/FeesForServicesLegalGrp/TotalAmt0157250
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0290254
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt01161015
IRS990/FeesForServicesOtherGrp/TotalAmt01451269
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/ProgramServicesAmt0105655
IRS990/ForeignGrantsGrp/TotalAmt0105655
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0SARA ROSARIO VELEZ
IRS990/Form990PartVIISectionAGrp/PersonNm1VICTOR RUIZ
IRS990/Form990PartVIISectionAGrp/PersonNm2VICTOR LOPEZ
IRS990/Form990PartVIISectionAGrp/PersonNm3CARLOS BELTRAN
IRS990/Form990PartVIISectionAGrp/PersonNm4IVAN SANTOS
IRS990/Form990PartVIISectionAGrp/PersonNm5HUMBERTO TORRES
IRS990/Form990PartVIISectionAGrp/PersonNm6MILDRED COLON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt087600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1FIRST VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECOND VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3GENERAL SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DEPUTY SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6DEPUTY TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt0398377
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01319304
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01319304
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt04694867
IRS990/GrossSalesOfInventoryAmt0318095
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt0173197
IRS990/InsuranceGrp/TotalAmt0173197
IRS990/InventoriesForSaleOrUseGrp/EOYAmt073093
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt08079
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt08079
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01181372
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0306602
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0329315
IRS990/LandBldgEquipCostOrOtherBssAmt01510687
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt0396821
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0396821
IRS990/MissionDesc0THE ENTITY'S MISSION IS THE TRAINING AND DEVELOPMENT OF HIGH PERFORMANCE ATHLETES FOR THE REPRESENTATION OF PR IN INTERNATIONAL SPORTS COMPETITIONS. ALSO, THE ENTITY PROVIDES FINANCIAL ASSISTANCE AND FACILITIES FOR TRAINING TO ATHLETES AND THEIR FEDERATIONS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0true
IRS990/NetAssetsOrFundBalancesBOYAmt028446294
IRS990/NetAssetsOrFundBalancesEOYAmt013059864
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0318095
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0318095
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt020446294
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt02317549
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt01006184
IRS990/OccupancyGrp/TotalAmt01006184
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0215885
IRS990/OfficeExpensesGrp/ProgramServicesAmt0376922
IRS990/OfficeExpensesGrp/TotalAmt0592807
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01873
IRS990/OtherAssetsTotalGrp/EOYAmt02970
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013715
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt054769
IRS990/OtherEmployeeBenefitsGrp/TotalAmt068484
IRS990/OtherExpensesGrp/Desc0FREIGHT AND STAMPS
IRS990/OtherExpensesGrp/Desc1UNIFORMS
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3BANK CHARGES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012519
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt150967
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt270678
IRS990/OtherExpensesGrp/ProgramServicesAmt018779
IRS990/OtherExpensesGrp/ProgramServicesAmt168052
IRS990/OtherExpensesGrp/ProgramServicesAmt276450
IRS990/OtherExpensesGrp/TotalAmt031298
IRS990/OtherExpensesGrp/TotalAmt168052
IRS990/OtherExpensesGrp/TotalAmt2127417
IRS990/OtherExpensesGrp/TotalAmt370678
IRS990/OtherLiabilitiesGrp/BOYAmt0193171
IRS990/OtherLiabilitiesGrp/EOYAmt0140197
IRS990/OtherRevenueTotalAmt0396821
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0126380
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0505518
IRS990/OtherSalariesAndWagesGrp/TotalAmt0631898
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt086662
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt0336584
IRS990/PaymentsToAffiliatesGrp/TotalAmt0336584
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011633
IRS990/PayrollTaxesGrp/ProgramServicesAmt046531
IRS990/PayrollTaxesGrp/TotalAmt058164
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt022344154
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt04555963
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt084773
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016768
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0SARA ROSARIO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04651836
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt04627721
IRS990/PYOtherRevenueAmt06367
IRS990/PYRevenuesLessExpensesAmt0-699998
IRS990/PYSalariesCompEmpBnftPaidAmt0730480
IRS990/PYTotalExpensesAmt05358201
IRS990/PYTotalRevenueAmt04658203
IRS990/ReconcilationRevenueExpnssAmt0-15386430
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03899669
IRS990ScheduleA/DistributableAmountGrp/CYAdjNetIncomeDistributableAmt00
IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt00
IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt00
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
IRS990ScheduleA/DistributableAmountGrp/CYPct85AdjustedNetIncomeAmt00
IRS990ScheduleA/DistributableAmountGrp/CYTotalMinAstDistributableAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CarryoverPYNotAppliedAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYDistriAppDistributableAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYDistribAppUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYDistributableAsAdjustedAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistrCPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYTotalAnnualDistributionsAmt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionAmt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovAmt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr1Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr2Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr3Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistriCyovToNextYrAmt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear1Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear2Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear3Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriCYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/TotalExcessDistributionCyovAmt00
IRS990ScheduleA/DistributionAllocationsGrp/UnderdistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYAdministrativeExpensePaidAmt00
IRS990ScheduleA/DistributionsGrp/CYDistriAttentiveSuprtOrgAmt00
IRS990ScheduleA/DistributionsGrp/CYDistributableAsAdjustedAmt00
IRS990ScheduleA/DistributionsGrp/CYDistributionYrRt00
IRS990ScheduleA/DistributionsGrp/CYOtherDistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYPaidAccomplishExemptPrpsAmt00
IRS990ScheduleA/DistributionsGrp/CYPdInExcessIncomeActivityAmt00
IRS990ScheduleA/DistributionsGrp/CYTotalAnnualDistributionsAmt00
IRS990ScheduleA/DistributionsGrp/ExemptUseAssetsAcquisPaidAmt00
IRS990ScheduleA/DistributionsGrp/QualifiedSetAsideAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03971872
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04651836
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt04935213
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03879893
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03584087
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt021022901
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt08079
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt08079
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0594189
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0714916
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt06367
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0177722
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0296803
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0102953
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01298761
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.94800
IRS990ScheduleA/PublicSupportPY170Pct00.97210
IRS990ScheduleA/PublicSupportTotal170Amt023812697
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0697450
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0697450
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0697450
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0697450
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt02789800
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03971872
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt05349286
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt05632663
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt04577343
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt04281537
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt023812701
IRS990ScheduleA/TotalSupportAmt025119541
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/EndingBalanceAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0329315
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01181372
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01510687
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt020081297
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04694867
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0329315
IRS990ScheduleD/TotalBookValueOtherAssetsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt020081297
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt04694867
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04694867
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt020081297
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0false
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0104455
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0OLYMPIC GAMES 2020
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0JAPAN
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,590,318
Liabilities
$530,454
Net assets
$13,059,864
Revenue
$4,694,867
Expenses
$20,081,297
Net income
-$15,386,430
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.75$0.66$5.09$12.3$15.1$2.79
2023Detailed filing. Detailed filing data is available for this year.$8.65$0.77$7.88$12.6$17.7$5.14
2022Detailed filing. Detailed filing data is available for this year.$13.3$0.29$13.0$11.2$11.3$0.04
2021Detailed filing. Detailed filing data is available for this year.$13.6$0.53$13.1$4.69$20.1$15.4
2020Detailed filing. Detailed filing data is available for this year.$29.0$0.59$28.4$4.66$5.36$0.70
2019Detailed filing. Detailed filing data is available for this year.$30.1$0.97$29.1$5.81$8.50$2.69
2018Summary only. Only limited summary data is available for this year.$33.4$0.89$32.5$6.23$7.78$1.55
2017Summary only. Only limited summary data is available for this year.$34.8$0.75$34.1$4.62$6.24$1.61
2016Summary only. Only limited summary data is available for this year.$40.1$0.60$39.5$10.6$9.44$1.17
2015Summary only. Only limited summary data is available for this year.$43.4$1.28$42.2$10.8$10.9$0.15
2014Summary only. Only limited summary data is available for this year.$48.2$1.79$46.4$11.7$11.9$0.17
2013Summary only. Only limited summary data is available for this year.$26.5$1.32$25.2$7.35$7.63$0.28
2012Summary only. Only limited summary data is available for this year.$28.8$0.47$28.3$12.3$11.2$1.09
2011Summary only. Only limited summary data is available for this year.$1.35$1.32$0.03$9.27$9.15$0.13