Civic Intelligence

Proyecto Nacer Inc.

990 • Fiscal year 2021 • EIN 66-0586241

Jan 01, 2021 to Dec 31, 2021 • Filed on May 07, 2022

PO Box 6600Bayamon, PR 00960

(787) 730-2575

Siviq Scores

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

Liabilities / Assets

30th percentile

0.01x

Higher debt load relative to assets than 30% of similar nonprofits.

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

Liabilities / Revenue

29th percentile

0.02x

Higher debt load relative to revenue than 29% of similar nonprofits.

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

Net Margin

55th percentile

16%

Higher net margin than 55% of similar nonprofits.

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

Top Officer Pay

76th percentile

$118,207

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

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

Asset Growth

89th percentile

64%

Faster asset growth than 89% of similar nonprofits.

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

Revenue Growth

32nd percentile

0.3%

Faster revenue growth than 32% of similar nonprofits.

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

Assets

Up

$3,930,056

Up $1,540,550 (+64%) from 2020

Net Assets

Up

$3,892,411

Up $1,724,429 (+80%) from 2020

Liabilities

Down

$37,645

Down $183,879 (-83%) from 2020

Revenue

Up

$2,126,537

Up $6,436 (+0.3%) from 2020

Expenses

Down

$1,793,951

Down $125,573 (-6.5%) from 2020

Net Income

Up

$332,586

Up $132,009 (+66%) from 2020

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $772,046Liabilities 2011: $47,313Net Assets 2011: $724,7332011Assets 2012: $1,066,267Liabilities 2012: $158,989Net Assets 2012: $907,2782012Assets 2013: $838,395Liabilities 2013: $34,963Net Assets 2013: $803,4322013Assets 2014: $1,147,759Liabilities 2014: $24,399Net Assets 2014: $1,123,3602014Assets 2015: $1,119,624Liabilities 2015: $2,640Net Assets 2015: $1,116,9842015Assets 2016: $929,278Liabilities 2016: $2,439Net Assets 2016: $926,8392016Assets 2017: $971,949Liabilities 2017: $12,515Net Assets 2017: $959,4342017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018Assets 2019: $1,996,888Liabilities 2019: $3,482Net Assets 2019: $1,993,4052019Assets 2020: $2,389,506Liabilities 2020: $221,524Net Assets 2020: $2,167,9822020Assets 2021: $3,930,056Liabilities 2021: $37,645Net Assets 2021: $3,892,4112021Assets 2022: $3,782,591Liabilities 2022: $36,161Net Assets 2022: $3,746,4302022Assets 2023: $4,379,944Liabilities 2023: $44,362Net Assets 2023: $4,335,5822023Assets 2024: $4,401,280Liabilities 2024: $25,937Net Assets 2024: $4,375,3432024

Highlighted filing

2021

Assets$3,930,056
Liabilities$37,645
Net Assets$3,892,411

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,876,609Expenses 2011: $1,421,908Net Income 2011: $454,7012011Revenue 2012: $1,866,991Expenses 2012: $1,684,446Net Income 2012: $182,5452012Revenue 2013: $1,888,693Expenses 2013: $1,992,539Net Income 2013: -$103,8462013Revenue 2014: $2,224,695Expenses 2014: $1,904,767Net Income 2014: $319,9282014Revenue 2015: $1,662,358Expenses 2015: $1,668,734Net Income 2015: -$6,3762015Revenue 2016: $1,316,625Expenses 2016: $1,506,769Net Income 2016: -$190,1442016Revenue 2017: $1,552,711Expenses 2017: $1,520,116Net Income 2017: $32,5952017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $1,908,424Expenses 2019: $1,612,008Net Income 2019: $296,4162019Revenue 2020: $2,120,101Expenses 2020: $1,919,524Net Income 2020: $200,5772020Revenue 2021: $2,126,537Expenses 2021: $1,793,951Net Income 2021: $332,5862021Revenue 2022: $1,727,730Expenses 2022: $1,873,711Net Income 2022: -$145,9812022Revenue 2023: $2,678,150Expenses 2023: $2,088,998Net Income 2023: $589,1522023Revenue 2024: $2,276,929Expenses 2024: $2,250,082Net Income 2024: $26,8472024

Highlighted filing

2021

Revenue$2,126,537
Expenses$1,793,951
Net Income$332,586
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 7, 2022
Return Version
2021v4.1
Gross Receipts
$2,126,537
Mission and Program Overview

Mission

To provide daycare to childre whose adolescents parents fall into low income brackets and are studing

To provide day care to children into low income brackets parents and are studing

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,505,462$1,878,288▲ $372,826
Accounts Receivable$466,990$1,664,000▲ $1,197,010
Land, Buildings, and Equipment, Net$417,054$387,768▼ $29,286
Total Assets$2,389,506$3,930,056▲ $1,540,550
Liabilities
Unsecured Notes Loans Payable$212,236--
Accounts Payable and Accrued Expenses$4,391$37,645▲ $33,254
Total Liabilities$216,627$37,645▼ $178,982
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,172,879$3,892,411▲ $1,719,532
Total Net Assets Fund Balance$2,172,879$3,892,411▲ $1,719,532
Total Liabilities and Net Assets / Fund Balance$2,389,506$3,930,056▲ $1,540,550

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$118,969$202,268-
Equipment$234,826$154,668-
Leasehold Improvements$33,973$67,384-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mayra LopezExecutive DireFT$118,207$118,207
Anayra TuaAdministrativeFT$45,993$45,993
Revenue and Support

Revenue Composition

Contributions and Grants
$2,121,062
Program Service Revenue
$0
Investment Income
$5,475
Other Revenue
$0
All Other Contributions
$254,100
Change in Net Assets
$332,586

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 Table1$27,428By Donor
Other Non Cash Contri Table1$22,758By Donor
Total Noncash Contributions2$50,186-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,126,537
Revenue Not Reported on Form 990
$42,946
Total Revenue per Audited Statements
$2,169,483
Total Revenue per Form 990
$2,126,537
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,117,628
Other Expenses$676,323
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$697,440$133,052-$830,492
Current Officers, Directors, Trustees, and Key Employees$118,207$45,993-$164,200
All Other Expenses$138,584$22,110-$160,694
Fees for Services Other$126,325--$126,325
Payroll Taxes$100,808$22,128-$122,936
Depreciation Depletion$116,586--$116,586
Office Expenses$89,701--$89,701
Insurance$8,057$17,122-$25,179
Fees for Services Legal$15,394--$15,394
Fees for Services Accounting-$12,000-$12,000
Advertising$9,543--$9,543
Other Expenses$8,717--$8,717
Information Technology$3,045--$3,045
Total Functional Expenses$1,541,546$252,405$0$1,793,951

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,792,951
Expenses per Audited Statements$1,750,005
Total Expenses per Form 990$1,750,005
Expenses Not Reported on Form 990$42,946
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

PART VI LINE 11B

The Return is discuse with the management of the Organization and submited to the president for his approval

Part VI Line 19

Annuaally the Organization has to file balanace sheet to the Puerto Rico State Department.

Part VI Line 19

The corporation has to submit the financial statements to all govermental office thar received grants from them. Also, the financial statements are availavility by request.

Filing and Contact Details

Filer

Filer Name
Proyecto Nacer Inc
EIN
66-0586241
Address
PO BOX 6600, BAYAMON, PR 00960

Signing Officer

Name
Mayra Lopez
Title
Executive Administrator
Phone
7877302575
Signed
2022-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mayra Lopez
Voting Board Members
10
Independent Board Members
10
Employees
82

Preparer

Firm
Automated Business Accoutng
Address
1417 JESUS T PINERO AVE, SAN JUAN, PR 00920
Preparer
Ricardo Justiniano
Phone
7877813342
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01792951
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt11
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0RENT
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1UTILITIES
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0BY DONOR
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1BY DONOR
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt022758
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt127428
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0Is the estimated aount for the use of facilities, including utilities
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0RENT AND UTILITES LINE 25 AND 26
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Return is discuse with the management of the Organization and submited to the president for his approval
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Annuaally the Organization has to file balanace sheet to the Puerto Rico State Department.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The corporation has to submit the financial statements to all govermental office thar received grants from them. Also, the financial statements are availavility by request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI LINE 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02389506
IRS990/TotalAssetsEOYAmt03930056
IRS990/TotalAssetsGrp/BOYAmt02389506
IRS990/TotalAssetsGrp/EOYAmt03930056
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02121062
IRS990/TotalEmployeeCnt082
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0252405
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01541546
IRS990/TotalFunctionalExpensesGrp/TotalAmt01793951
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0216627
IRS990/TotalLiabilitiesEOYAmt037645
IRS990/TotalLiabilitiesGrp/BOYAmt0216627
IRS990/TotalLiabilitiesGrp/EOYAmt037645
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02172879
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03892411
IRS990/TotalProgramServiceExpensesAmt01793951
IRS990/TotalReportableCompFromOrgAmt0164200
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05475
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02126537
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02389506
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03930056
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0212236
IRS990/USAddress/AddressLine1Txt0PO BOX 6600
IRS990/USAddress/CityNm0BAYAMON
IRS990/USAddress/StateAbbreviationCd0PR
IRS990/USAddress/ZIPCd000960
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0www.proyectonacer.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MAYRA LOPEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE ADMINISTRATOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07877302575
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROYECTO NACER INC
ReturnHeader/Filer/BusinessNameControlTxt0PROY
ReturnHeader/Filer/EIN0660586241
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 6600
ReturnHeader/Filer/USAddress/CityNm0BAYAMON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PR
ReturnHeader/Filer/USAddress/ZIPCd000960
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0660353006
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0AUTOMATED BUSINESS ACCOUTNG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01417 JESUS T PINERO AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN JUAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd000920
ReturnHeader/PreparerPersonGrp/PhoneNum07877813342
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICARDO JUSTINIANO
ReturnHeader/ReturnTs02022-05-11T10:13:38-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MAYRA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LOPEZ
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.40$0.03$4.38$2.28$2.25$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.38$0.04$4.34$2.68$2.09$0.59
2022Detailed filing. Detailed filing data is available for this year.$3.78$0.04$3.75$1.73$1.87$0.15
2021Detailed filing. Detailed filing data is available for this year.$3.93$0.04$3.89$2.13$1.79$0.33
2020Detailed filing. Detailed filing data is available for this year.$2.39$0.22$2.17$2.12$1.92$0.20
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.00$0.00$1.99$1.91$1.61$0.30
2018Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2017Summary only. Only limited summary data is available for this year.$0.97$0.01$0.96$1.55$1.52$0.03
2016Summary only. Only limited summary data is available for this year.$0.93$0.00$0.93$1.32$1.51$0.19
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.12$0.00$1.12$1.66$1.67$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.15$0.02$1.12$2.22$1.90$0.32
2013Summary only. Only limited summary data is available for this year.$0.84$0.03$0.80$1.89$1.99$0.10
2012Summary only. Only limited summary data is available for this year.$1.07$0.16$0.91$1.87$1.68$0.18
2011Summary only. Only limited summary data is available for this year.$0.77$0.05$0.72$1.88$1.42$0.45