Civic Intelligence

Ricky Martin Foundation Corp

EIN 66-0579504 • 501(c)3 • San Juan, PR

Profile

The Ricky Martin foundation advocates for the well being of children around the globe in critical areas such as education, health and social justice, education.

PO Box 13534San Juan, PR 00908-3534

www.rickymartinfoundation.org

Siviq Scores

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

Liabilities / Assets

68th percentile

0.21x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

5.54x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

2nd percentile

-184%

Higher net margin than 2% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

45th percentile

$30,977

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 36.6% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

22nd percentile

-6.2%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

3rd percentile

-70%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,238,768

Down $147,673 (-6.2%) from 2023

Liabilities

Up

$469,001

Up $11,269 (+2.5%) from 2023

Net Assets

Down

$1,769,767

Down $158,942 (-8.2%) from 2023

Revenue

Down

$84,718

Down $195,079 (-70%) from 2023

Expenses

Down

$240,271

Down $285,450 (-54%) from 2023

Net Income

Up

-$155,553

Up $90,371 (+37%) from 2023

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $1,299,121Liabilities 2011: $16,818Net Assets 2011: $1,282,3032011Assets 2012: $1,754,372Liabilities 2012: $20,709Net Assets 2012: $1,733,6632012Assets 2013: $3,898,291Liabilities 2013: $447,172Net Assets 2013: $3,451,1192013Assets 2014: $4,143,530Liabilities 2014: $681,898Net Assets 2014: $3,461,6322014Assets 2015: $3,799,235Liabilities 2015: $122,719Net Assets 2015: $3,676,5162015Assets 2016: $3,621,201Liabilities 2016: $48,908Net Assets 2016: $3,572,2932016Assets 2017: $7,323,145Liabilities 2017: $218,913Net Assets 2017: $7,104,2322017Assets 2018: $8,523,788Liabilities 2018: $71,408Net Assets 2018: $8,452,3802018Assets 2019: $3,477,148Liabilities 2019: $99,789Net Assets 2019: $3,377,3592019Assets 2020: $2,726,912Liabilities 2020: $195,368Net Assets 2020: $2,531,5442020Assets 2021: $2,754,069Liabilities 2021: $302,147Net Assets 2021: $2,451,9222021Assets 2022: $2,511,419Liabilities 2022: $372,362Net Assets 2022: $2,139,0572022Assets 2023: $2,386,441Liabilities 2023: $457,732Net Assets 2023: $1,928,7092023Assets 2024: $2,238,768Liabilities 2024: $469,001Net Assets 2024: $1,769,7672024

Highlighted filing

2024

Assets$2,238,768
Liabilities$469,001
Net Assets$1,769,767

Operations Trend

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

$10M$5.0M$0-$5.0M-$10MRevenue 2011: $500,452Expenses 2011: $379,440Net Income 2011: $121,0122011Revenue 2012: $1,161,408Expenses 2012: $705,434Net Income 2012: $455,9742012Revenue 2013: $2,385,250Expenses 2013: $666,584Net Income 2013: $1,718,6662013Revenue 2014: $2,169,108Expenses 2014: $983,393Net Income 2014: $1,185,7152014Revenue 2015: $1,917,034Expenses 2015: $983,874Net Income 2015: $933,1602015Revenue 2016: $841,455Expenses 2016: $1,560,885Net Income 2016: -$719,4302016Revenue 2017: $4,952,068Expenses 2017: $1,419,505Net Income 2017: $3,532,5632017Revenue 2018: $4,462,571Expenses 2018: $3,114,423Net Income 2018: $1,348,1482018Revenue 2019: $1,880,526Expenses 2019: $6,955,547Net Income 2019: -$5,075,0212019Revenue 2020: $1,343,216Expenses 2020: $2,189,031Net Income 2020: -$845,8152020Revenue 2021: $469,643Expenses 2021: $639,502Net Income 2021: -$169,8592021Revenue 2022: $366,409Expenses 2022: $661,441Net Income 2022: -$295,0322022Revenue 2023: $279,797Expenses 2023: $525,721Net Income 2023: -$245,9242023Revenue 2024: $84,718Expenses 2024: $240,271Net Income 2024: -$155,5532024

Highlighted filing

2024

Revenue$84,718
Expenses$240,271
Net Income-$155,553

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.24$0.47$1.77$0.08$0.24$0.16
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.39$0.46$1.93$0.28$0.53$0.25
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.51$0.37$2.14$0.37$0.66$0.30
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.75$0.30$2.45$0.47$0.64$0.17
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.73$0.20$2.53$1.34$2.19$0.85
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.48$0.10$3.38$1.88$6.96$5.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.52$0.07$8.45$4.46$3.11$1.35
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.32$0.22$7.10$4.95$1.42$3.53
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.62$0.05$3.57$0.84$1.56$0.72
2015Detailed filing. Detailed filing data is available for this year.$3.80$0.12$3.68$1.92$0.98$0.93
2014Detailed filing. Detailed filing data is available for this year.$4.14$0.68$3.46$2.17$0.98$1.19
2013Detailed filing. Detailed filing data is available for this year.$3.90$0.45$3.45$2.39$0.67$1.72
2012Summary only. Only limited summary data is available for this year.$1.75$0.02$1.73$1.16$0.71$0.46
2011Summary only. Only limited summary data is available for this year.$1.30$0.02$1.28$0.50$0.38$0.12
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2020 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 4, 2021
Return Version
2020v4.0
Gross Receipts
$1,343,216
Mission and Program Overview

Mission

The Ricky Martin foundation advocates for the well being of children around the globe in critical areas such as education, health and social justice, education.

The Ricky Martin Foundation advocates for denounce human trafficking and educate about its existence through research and community initiatives, anchored in the defense of children and youth rights.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,607,728$2,475,462▼ $132,266
Cash and Non-Interest-Bearing Accounts$772,798$169,190▼ $603,608
Accounts Receivable$67,489$27,500▼ $39,989
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0--
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Inventories for Sale or Use$0--
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0--
Total Assets$3,477,148$2,726,912▼ $750,236
Other Assets Total$29,133$54,760▲ $25,627
Liabilities
Accounts Payable and Accrued Expenses$99,789$195,368▲ $95,579
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$99,789$195,368▲ $95,579
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,125,445$2,522,169▼ $603,276
Net Assets With Donor Restrictions$251,914$9,375▼ $242,539
Total Net Assets Fund Balance$3,377,359$2,531,544▼ $845,815
Total Liabilities and Net Assets / Fund Balance$3,477,148$2,726,912▼ $750,236

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,419,799$714,323$3,134,122
Other Land Buildings$0$106,785$106,785
Equipment$23,047$52,718$75,765
Land$17,781-$17,781
Leasehold Improvements$14,835$2,580$17,415
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Brenda CardonaAdministrative & Finance ManagerFT$46,164$46,164
Clarisbel Gonzalez PaduaGeneral Manager - Tau CenterFT$25,522$25,522

Board Members and Trustees

NameTitle
Enrique MartinChairman & Founder
Inery Rivera OrtizPresident
Manuel MoralesVice President
Nilda MoralesCOO
Sofia Martinez-alvarezSecretary
Juan L MartinezTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
IndesoviConstructionPO Box 7154, Mayaguez, PR 00681$255,000
Revenue and Support

Revenue Composition

Contributions and Grants
$251,955
Program Service Revenue
$150,085
Investment Income
$10,565
Other Revenue
$930,611
All Other Contributions
$251,955
Change in Net Assets
$-845,815

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
Other Non Cash Contri Table3$847,550Recorded at the Estimated Fair Market Value (FMV)
Total Noncash Contributions3$847,550-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,343,216
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$1,343,216
Total Revenue per Form 990
$1,343,216
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,912,583
Salaries, Compensation, and Employee Benefits$276,448
Total Fundraising Expense$70,327
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$1,138,072$40,590$50,721$1,229,383
Other Expenses$471,608$0$0$471,608
Current Officers, Directors, Trustees, and Key Employees$203,735$55,675$17,038$276,448
Depreciation Depletion$129,599$2,914$0$132,513
Insurance$18,721$16,424$0$35,145
Office Expenses$13,886$8,347$808$23,041
Payment Travel Entrtnmnt Publicly Ofcl$16,731$1,155$177$18,063
Travel$349$0$1,583$1,932
Advertising$898$0$0$898
Total Functional Expenses$1,993,599$125,105$70,327$2,189,031

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,189,031
Total Expenses per Audited Statements$2,189,031
Total Expenses per Form 990$2,189,031
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-DirectorLegal ServiceNo$1,320

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
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

The draft of the return is sent to the treasurer in order to be reviewed and approved. The return is then available for the board in order to review the final version.

Form 990, Part VI, Section B, Line 15

The determination is based on the market compensations considering the experience of the person. The process is carried on to each person hired.

Form 990, Part VI, Section C, Line 19

The information is available upon request by the director of operations.

Filing and Contact Details

Filer

Filer Name
Ricky Martin Foundation Corp
EIN
66-0579504
Phone
7872008096
Address
PO BOX 13534, SAN JUAN, PR 00908-3534

Signing Officer

Name
Brendalyn Cardona
Title
Manager
Phone
7872008096
Signed
2021-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Enrique Martin Morales
Formed
2000
Legal Domicile
Pr
Voting Board Members
4
Independent Board Members
4
Employees
10
Volunteers
200

Preparer

Firm
Etrends Group
Address
954 Ponce de Leon Ave Ste 806, San Juan, PR 00907
Preparer
Juan Robles
Phone
7876910107
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

The following represents a summary of the different programs, which are classified in the accompanying financial statements: Awareness and Advocacy Program School of light/Escuelas de Luz: The mission of this program is to integrate Puerto Rico's Human Trafficking Awareness and Prevention month (February) within high school curriculums, and aims to provide workshops to high school students on the different aspects of human trafficking and how to prevent it. The program serves students to become agents of change by creating awareness and prevention projects in their school, campus and community. Provoking Change University Students Organizing to End Human Trafficking Initiative: A two- day intensive workshop that serves as a training program, inspired by the social movements organized by university students of the past and present. We strive to develop university leaders against human trafficking to promote collective action and bring about social change. This is carried out in alliance with the International Human Trafficking Institute (IHTI) from the National Center for Civil and Human Rights as a collaborator. The Organization received the training from IHTI and intends to repeat this initiative if budget allows local demand and more anti-trafficking or educational allies can support the foregoing training. Educational Conferences: These are lectures about human trafficking and are offered to any group of people thirteen years old and/or older. They are unique because they are based on the findings of the Foundation's pioneer research. Audiences are composed of students, government officials, corporations, community leaders, social workers, teachers and other professionals. They begin with the basic concepts of human trafficking around the world, then portrays how this crime is drawn in Puerto Rico and how we can all make the difference to prevent it. It concludes by mapping out public policy and community actions that have been achieved in Puerto Rico. As educational and outreach partners to I am Little Red, a short-animated film, produced by 50 Eggs, the Foundation has become their exclusive ally as the official translator of their curriculum and trainer for bilingual, Spanish speaking and bicultural audiences, in Puerto Rico, Latin America and USA Hispanic. Volunteer Program: The Foundation volunteers work in our fund-raising events and community initiatives to solidify our fight against human trafficking. Applications are open for all those over 15 years of age. Volunteers are always given an introductory training on what human trafficking is. Within this program, we include the Abolitionists of the 21st Century, as well as our Internship Program. Abolitionists of the 21st Century: The purpose of this program is to empower and connect impressive people who have demonstrated the greatest commitment to the Foundation and share its vision of achieving a world free of human trafficking through education. These specific volunteers are trained in the subject to be leaders in the Foundation's educational initiatives, such as "Schools of Light" (every February) and the Pavilion in Plaza las Americas (every November and December), among others. These are a team of efficient lecturers and spokespeople for the cause, and participate various meetings to discuss books, articles, and news on human trafficking, in order to keep current facts. Internship Program: This program was created to promote volunteer empowerment through temporary positions with specific job functions that fulfill the organization's needs. We work in alliance with other non for profits organizations to further solidify our model of collaboration among new generations. Tau Center In August 2014, the Foundation opened the Child Development and Prevention Center (The Center) to the public. The aftermath of hurricanes Maria and Irma led to a transformation of the Center as the Foundation became more relevant to the communities at risk. Since August 2018, the Foundati

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IRS990/MissionDesc0The Ricky Martin foundation advocates for the well being of children around the globe in critical areas such as education, health and social justice, education.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Escuelas de Luz / "Schools of Light" - This month-long project's mission is to integrate Puerto Rico's Human Trafficking Awareness and Prevention month (February) within high school curriculums, and aims to provide workshops to high school students on the different aspects of human trafficking and how to prevent it. The purpose of the project is for students to become agents of change by creating awareness and prevention projects in their school campus and community. During 2016 and 2017, we have turned 16 schools in "Schools of Light" and have trained 220 adolescents on the subject of human trafficking. Provocando Cambio: Universitarios Contra la Trata Humana / "ProvokingChange: University Students Organizing to End Human Trafficking" -A two-day intensive workshop that serves as a training program, inspired by the social movements organized by university students of the past and present. We strive to develop university leaders against human trafficking to promote collective action and bring about social change. This is carried out in alliance with the International Human Trafficking Institute from the national Center for Civil and Human Rights. We were able to train 26 college students from 9 different universities in Puerto Rico. Conferencias Educativas / "Educational Conferences" - These are lectures about human trafficking and are offered to any group of people thirteen years old and/or older. They are unique because they are based on the findings of RMF's pioneer research. They begin with the basic concepts of human trafficking around the world, then portrays how this crime is drawn in Puerto Rico and how we can all make the difference to prevent it. It concludes by mapping out public policy and community actions that have been achieved in Puerto Rico. Pabellón en Plaza Las Américas / "Pavilion in Plaza Las Américas" - An interactive, educational exhibition produced by RMF, based on its local research and international data, which opens only for two months around the holidays. Its content changes annually and portrays the most recent findings on human trafficking from the last three years. Since 2012, over 300,000 visitors have learned about the crime, and over 2,000 volunteer hours have been worked. Volunteer Program - RMF volunteers work in our fund-raising events and community initiatives to solidify our fight against human trafficking. Applications are open for all those over 15 years of age. Volunteers are always given an introductory training on what human trafficking is. Within this program, we include the Abolitionists of the 21st Century, as well as our Internship Program. Abolicionistas del Siglo XXI / "Abolitionists of the 21st Century" - The purpose of this program is to empower and connect impressive people who have demonstrated the greatest commitment to RMF and share its vision of achieving a world free of human trafficking through education. These specific volunteers are trained in the subject to be leaders in RMF's educational initiatives, such as "Schools of Light" (every February) and the Pavilion in Plaza Las Americas (every November and December), among others. These are a team of efficient lecturers and spokespeople for the cause, and participate in bi-monthly meetings to discuss books, articles, and news on human trafficking, in order to keep current facts. Internship Program - This program was created to promote volunteer empowerment through temporary positions with specific job functions that fulfill the organization's needs. We work in alliance with other non for profits to further solidify our model of collaboration among new generations.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Humanitarian Relief Project - Other
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER SERVICE PROGRAMS INCLUDING A RESEARCH PROGRAM - Through our research we validate our unwavering commitment to continuously contribute and enrich the public's knowledge and awareness of human trafficking. Through data collection and analysis, we are able to delve deeper into the scope and nature of this crime. Also, it allows us to create proactive actions based on the evidence and data. This serves as the root for the creation of our community programs, awareness campaigns, and public policy recommendations. To understand the pattern of this crime, it is essential to analyze the local context within a global scope. The results enable us to make recommendations to consultants from different sectors to curb child trafficking at a national and international level. Three investigations have been published by the Ricky Martin Foundation - Human Trafficking in Puerto Rico: An Invisible Challenge (2010), Human Trafficking: A Modern Form of Slavery (2014) and Violence: Gender & Trafficking (2017). As a consequence of these pioneer investigations human trafficking was include in our State Penal Code and February was dubbed as Human Trafficking Awareness Month, among other important changes in public policy regarding this modern scourge. RMF works in partnership with the University of Puerto Rico (School of Law) and The Protection Project, Johns Hopkins University.
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