Civic Intelligence

Patronato Castillo Serralles Inc

990 • Fiscal year 2021 • EIN 66-0469059

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 29, 2022

17 Calle El VigiaPonce, PR 00731

(787) 259-1774

Siviq Scores

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

Liabilities / Assets

69th percentile

0.22x

Higher debt load relative to assets than 69% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

70th percentile

0.26x

Higher debt load relative to revenue than 70% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

14th percentile

-11%

Higher net margin than 14% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

12th percentile

-5.5%

Faster asset growth than 12% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

15th percentile

-17%

Faster revenue growth than 15% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$1,356,084

Down $78,819 (-5.5%) from 2020

Net Assets

Down

$1,062,610

Down $127,425 (-11%) from 2020

Liabilities

Up

$293,474

Up $48,606 (+20%) from 2020

Revenue

Down

$1,111,603

Down $229,220 (-17%) from 2020

Expenses

Up

$1,238,951

Up $215,639 (+21%) from 2020

Net Income

Down

-$127,348

Down $444,859 (-140%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2016: $820,793Liabilities 2016: $172,300Net Assets 2016: $648,4932016Assets 2017: $835,981Liabilities 2017: $154,199Net Assets 2017: $681,7822017Assets 2018: $1,057,012Liabilities 2018: $291,452Net Assets 2018: $765,5602018Assets 2019: $1,028,794Liabilities 2019: $156,346Net Assets 2019: $872,4482019Assets 2020: $1,434,903Liabilities 2020: $244,868Net Assets 2020: $1,190,0352020Assets 2021: $1,356,084Liabilities 2021: $293,474Net Assets 2021: $1,062,6102021Assets 2022: $1,355,409Liabilities 2022: $244,869Net Assets 2022: $1,110,5402022Assets 2023: $2,106,730Liabilities 2023: $989,549Net Assets 2023: $1,117,1812023Assets 2024: $2,606,263Liabilities 2024: $944,435Net Assets 2024: $1,661,8282024

Highlighted filing

2021

Assets$1,356,084
Liabilities$293,474
Net Assets$1,062,610

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $1,105,202Expenses 2016: $1,064,803Net Income 2016: $40,3992016Revenue 2017: $1,085,590Expenses 2017: $1,052,301Net Income 2017: $33,2892017Revenue 2018: $972,354Expenses 2018: $888,576Net Income 2018: $83,7782018Revenue 2019: $1,158,887Expenses 2019: $1,051,999Net Income 2019: $106,8882019Revenue 2020: $1,340,823Expenses 2020: $1,023,312Net Income 2020: $317,5112020Revenue 2021: $1,111,603Expenses 2021: $1,238,951Net Income 2021: -$127,3482021Revenue 2022: $1,645,893Expenses 2022: $1,597,963Net Income 2022: $47,9302022Revenue 2023: $1,827,550Expenses 2023: $1,820,909Net Income 2023: $6,6412023Revenue 2024: $2,475,755Expenses 2024: $1,931,108Net Income 2024: $544,6472024

Highlighted filing

2021

Revenue$1,111,603
Expenses$1,238,951
Net Income-$127,348
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 29, 2022
Return Version
2020v4.0
Gross Receipts
$1,129,559
Mission and Program Overview

Mission

Preserve our heritage history, cultural, tourism and educate the community through promotion and museum to this and future generations

Preserve our heritage history, cultural, tourism and educate the community through promotion and museum to this and future generation

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$994,089$848,380▼ $145,709
Land, Buildings, and Equipment, Net$313,951$292,737▼ $21,214
Accounts Receivable$100,500$112,500▲ $12,000
Inventories for Sale or Use$4,381$7,247▲ $2,866
Total Assets$1,434,903$1,356,084▼ $78,819
Other Assets Total$21,982$95,220▲ $73,238
Liabilities
Accounts Payable and Accrued Expenses$139,488$183,533▲ $44,045
Unsecured Notes Loans Payable$105,457$109,941▲ $4,484
Total Liabilities$244,945$293,474▲ $48,529
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,189,958$1,062,610▼ $127,348
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$1,189,958$1,062,610▼ $127,348
Total Liabilities and Net Assets / Fund Balance$1,434,903$1,356,084▼ $78,819

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$184,137$334,245$518,382
Other Land Buildings$48,187$118,221$166,408
Equipment$25,916$84,456$110,372
Land$34,497-$34,497
Buildings$0$0$0
Other Assets Org$63,397--
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$677,618
Program Service Revenue
$361,561
Investment Income
$681
Other Revenue
$71,743
All Other Contributions
$264,618
Change in Net Assets
$-127,348

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$139,760Accrual
Total Noncash Contributions1$139,760-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,111,603
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$1,111,603
Total Revenue per Form 990
$1,111,603
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$737,056
Salaries, Compensation, and Employee Benefits$501,895
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$269,107$167,052$0$436,159
Other Expenses$139,760$0$0$139,760
Fees for Services Other$111,738$3,600$0$115,338
Insurance$51,358$0$0$51,358
Payroll Taxes$31,078$19,048$0$50,126
Depreciation Depletion$36,095$12,031$0$48,126
Office Expenses$0$17,596$0$17,596
Other Employee Benefits$9,678$5,932$0$15,610
Interest$0$14,556$0$14,556
Advertising$0$667$0$667
Total Functional Expenses$961,381$277,570$0$1,238,951

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,238,951
Total Expenses per Audited Statements$1,238,951
Total Expenses per Form 990$1,238,951
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
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 11B

Form 990 are available for review by any member of the governing body, the form is review by the director

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

In each meeting officers, directors or trustees reaffirms that they do not have conflict of interests

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

The conflict of interest policy is discussed in every meeting of governing body.

Form 990, Part VI, Section B, Line 15

The governing body approve the compensation of all employees.

Form 990, Part VI, Section C, Line 19

The organizations documents are available upon request

Filing and Contact Details

Filer

Filer Name
Patronato Castillo Serralles Inc
EIN
66-0469059
Phone
7872591774
Address
17 CALLE EL VIGIA, PONCE, PR 00731

Signing Officer

Name
Cesar Cornier
Title
Administrator
Phone
7872591774
Signed
2022-03-29

Organization Details

Principal Officer
Frances Torruella
Formed
1990
Legal Domicile
Pr
Voting Board Members
0
Independent Board Members
0
Employees
39
Volunteers
2
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 3B

The organization does not have unrelated business income

Financial Statement Notes

Schedule D, Part II, Line 5

The collection and art are monitored daily during tours and annual inventory

Schedule D, Part II, Line 9

The collections and antiques are reported in the property and equipment on the balance sheet and their maintenance are reported in the repair and maintenance expense

Schedule D, Part III, Line 4

The collection consists of pieces of time between 1930-1980. Some items are furniture and equipment, clothes, pictures, arts. The collection helps maintain the history of the serralles family and industry of sugar and rum for future generations.

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IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt020953
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt020953
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt050790
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt050790
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01189958
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01062610
IRS990/NoncashContributionsAmt0139760
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt017596
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt017596
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt021982
IRS990/OtherAssetsTotalGrp/EOYAmt095220
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05932
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt09678
IRS990/OtherEmployeeBenefitsGrp/TotalAmt015610
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1MOTOR VEHICLES
IRS990/OtherExpensesGrp/Desc2UTILITIES AND MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3RENT
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt021794
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt215294
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt0289547
IRS990/OtherExpensesGrp/ProgramServicesAmt111185
IRS990/OtherExpensesGrp/ProgramServicesAmt211835
IRS990/OtherExpensesGrp/ProgramServicesAmt3139760
IRS990/OtherExpensesGrp/TotalAmt0311341
IRS990/OtherExpensesGrp/TotalAmt111185
IRS990/OtherExpensesGrp/TotalAmt227129
IRS990/OtherExpensesGrp/TotalAmt3139760
IRS990/OtherRevenueTotalAmt00
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt019048
IRS990/PayrollTaxesGrp/ProgramServicesAmt031078
IRS990/PayrollTaxesGrp/TotalAmt050126
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0FRANCES TORRUELLA
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0712110
IRS990/ProgramServiceRevenueGrp/Desc0SERVICES AND TICKETS
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0361561
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0361561
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0623660
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0675
IRS990/PYOtherExpensesAmt0548651
IRS990/PYOtherRevenueAmt0522656
IRS990/PYProgramServiceRevenueAmt0193832
IRS990/PYRevenuesLessExpensesAmt0317511
IRS990/PYSalariesCompEmpBnftPaidAmt0474661
IRS990/PYTotalExpensesAmt01023312
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01340823
IRS990/ReconcilationRevenueExpnssAmt0-127348
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt050790
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0537858
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0677618
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0623660
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0615995
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0603050
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt061090
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02581413
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0681
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0675
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02536
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0119
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04011
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0433304
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0716488
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0540356
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0369304
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0474981
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02534433
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0681
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0675
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02536
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0119
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04011
IRS990ScheduleA/InvestmentIncomeCYPct00.00078
IRS990ScheduleA/InvestmentIncomePYPct00.00001
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99922
IRS990ScheduleA/PublicSupportPY509Pct00.9993
IRS990ScheduleA/PublicSupportTotal509Amt05115846
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01110922
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01340148
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01156351
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0972354
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0536071
IRS990ScheduleA/Total509Grp/TotalAmt05115846
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01111603
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01340823
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01158887
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0972354
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0536190
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05119857
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED

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