Civic Intelligence

Puerto Rico Science Technology

EIN 66-0675963 • 501(c)3 • San Juan, PR

Profile

Facilitate and build capacity to continually advance puerto rico's economy and its citizen's well being through innovation, science and technology.

PO Box 363475San Juan, PR 00936

prsciencetrust.org

Siviq Scores

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

Liabilities / Assets

17th percentile

0.03x

Higher debt load relative to assets than 17% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

19th percentile

0.11x

Higher debt load relative to revenue than 19% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

67th percentile

12%

Higher net margin than 67% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

27th percentile

$317,561

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

42nd percentile

4.0%

Faster asset growth than 42% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

87th percentile

46%

Faster revenue growth than 87% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$137,406,248

Up $5,344,125 (+4.0%) from 2023

Liabilities

Down

$4,171,415

Down $2,637,261 (-39%) from 2023

Net Assets

Up

$133,234,833

Up $7,981,386 (+6.4%) from 2023

Revenue

Up

$36,298,040

Up $11,504,699 (+46%) from 2023

Expenses

Up

$32,035,950

Up $4,460,105 (+16%) from 2023

Net Income

Up

$4,262,090

Up $7,044,594 (+253%) from 2023

Trend Graphs

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2017: $110,533,380Liabilities 2017: $5,844,904Net Assets 2017: $104,688,4762017Assets 2018: $115,682,560Liabilities 2018: $6,015,468Net Assets 2018: $109,667,0922018Assets 2019: $116,975,726Liabilities 2019: $3,033,914Net Assets 2019: $113,941,8122019Assets 2020: $121,969,283Liabilities 2020: $5,623,370Net Assets 2020: $116,345,9132020Assets 2021: $137,700,568Liabilities 2021: $4,010,149Net Assets 2021: $133,690,4192021Assets 2022: $136,971,104Liabilities 2022: $8,985,693Net Assets 2022: $127,985,4112022Assets 2023: $132,062,123Liabilities 2023: $6,808,676Net Assets 2023: $125,253,4472023Assets 2024: $137,406,248Liabilities 2024: $4,171,415Net Assets 2024: $133,234,8332024

Highlighted filing

2024

Assets$137,406,248
Liabilities$4,171,415
Net Assets$133,234,833

Operations Trend

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

$40M$20M$0-$20MRevenue 2017: $14,425,482Expenses 2017: $13,268,874Net Income 2017: $1,156,6082017Revenue 2018: $22,996,445Expenses 2018: $16,118,136Net Income 2018: $6,878,3092018Revenue 2019: $29,581,883Expenses 2019: $19,450,374Net Income 2019: $10,131,5092019Revenue 2020: $30,765,669Expenses 2020: $27,878,054Net Income 2020: $2,887,6152020Revenue 2021: $31,419,979Expenses 2021: $25,890,238Net Income 2021: $5,529,7412021Revenue 2022: $38,249,802Expenses 2022: $33,164,508Net Income 2022: $5,085,2942022Revenue 2023: $24,793,341Expenses 2023: $27,575,845Net Income 2023: -$2,782,5042023Revenue 2024: $36,298,040Expenses 2024: $32,035,950Net Income 2024: $4,262,0902024

Highlighted filing

2024

Revenue$36,298,040
Expenses$32,035,950
Net Income$4,262,090

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$36,298,040
Mission and Program Overview

Mission

Facilitate and build capacity to continually advance puerto rico's economy and its citizen's well being through innovation, science and technology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$57,795,953$59,111,023▲ $1,315,070
Investments Other Securities$51,377,587$56,206,632▲ $4,829,045
Cash and Non-Interest-Bearing Accounts$20,514,056$18,230,436▼ $2,283,620
Accounts Receivable$2,327,907$3,604,243▲ $1,276,336
Prepaid Expenses and Deferred Charges$19,359$105,461▲ $86,102
Total Assets$132,062,123$137,406,248▲ $5,344,125
Other Assets Total$27,261$148,453▲ $121,192
Liabilities
Accounts Payable and Accrued Expenses$3,875,945$3,223,725▼ $652,220
Deferred Revenue$2,753,965$636,832▼ $2,117,133
Other Liabilities$178,766$310,858▲ $132,092
Total Liabilities$6,808,676$4,171,415▼ $2,637,261
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$101,928,761$105,117,035▲ $3,188,274
Net Assets With Donor Restrictions$23,324,686$28,117,798▲ $4,793,112
Total Net Assets Fund Balance$125,253,447$133,234,833▲ $7,981,386
Total Liabilities and Net Assets / Fund Balance$132,062,123$137,406,248▲ $5,344,125

Asset Categories

AssetBook ValueDepreciationBasis
Land$41,278,263-$41,278,263
Buildings$15,855,112$1,808,709$17,663,821
Equipment$1,809,732$3,626,134$5,435,866
Leasehold Improvements$45,271$783,797$829,068
Other Land Buildings$122,645$601,947$724,592
Other Securities$1,080,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Luz a Crespo ValentinCEOFT$317,561$317,561
Doira DiazGeneral ConsFT$160,600$160,600
Doira DiazGeneral Consuel & Ad-$160,600$160,600
Gilberto MarquezCFOFT$151,900$151,900
Guadalupe VazquezChief Comm.FT$126,843$126,843

Highest Paid Contractors

ContractorServicesLocationCompensation
Ig Builders ConstructionConstruction576 ARTERIAL B COLISEUM TOWER, San Juan, PR 00918$1,796,358
Cube Group INCManagement ServPO BOX 368133, San Juan, PR 00936$307,718
Perfect Integrate SolutionsCleaning ServicPMB 115 0 GRAND PASEO BLVD, San Juan, PR 00927$260,499
ManpowerStaffing Servic21271 NETWORK PLACE, Chicago, IL 60673$209,196
St James Security ServicesSecurity ServicPO BOX 270027, San Juan, PR 00928-2827$191,918
Revenue and Support

Revenue Composition

Contributions and Grants
$33,960,329
Program Service Revenue
$0
Investment Income
$1,825,156
Other Revenue
$512,555
All Other Contributions
$17,384,927
Change in Net Assets
$4,262,090
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$20,017,770
Salaries, Compensation, and Employee Benefits$12,018,180
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,485,465$1,233,186-$7,718,651
Fees for Services Other$4,019,330$876,350-$4,895,680
All Other Expenses$2,640,478$1,683,082-$4,323,560
Payroll Taxes$2,802,121$740,504-$3,542,625
Depreciation Depletion$1,345,747$560,677-$1,906,424
Other Expenses$1,035,103$33,827-$1,035,103
Comp Disqual Persons-$756,904-$756,904
Insurance-$564,578-$564,578
Travel$339,312$89,140-$428,452
Fees for Services Accounting-$109,638-$109,638
Fees for Services Legal$73,356$21,219-$94,575
Interest-$6,228-$6,228
Total Functional Expenses$25,360,617$6,675,333$0$32,035,950
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Long Term Debt$310,858
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The return is prepared by rsm puerto rico (external auditors and tax advisors), information reported in the return is provided by management of puerto rico science, technology & research trust. During the preparation of the return rsm puerto rico and management are in constant communication sharing and confirming the information in the return. When completed the return is provided to the organization's accounting director for final review prior to filing.

Form 990, Page 6, Part VI, Line 12C

The written policy requires disclosure when a conflict of interest arises.

Form 990, Page 6, Part VI, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Puerto Rico Science Technology
EIN
66-0675963
Phone
7875231592
Address
PO BOX 363475, SAN JUAN, PR 00936

Signing Officer

Name
Gilberto Marquez
Title
CFO
Phone
7875231592
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gilberto Marquez
Formed
2004
Voting Board Members
11
Independent Board Members
11
Employees
250

Preparer

Firm
Rsm Puerto Rico
Address
PO BOX 10528, SAN JUAN, PR 00922-0528
Preparer
Rafael De Rojas Sanchez
Phone
7877516164
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

All other accomplishments

Form 990, Part IX, Line 11G

Other professional services 4,019,330 876,350 0

Form 990, Part IX, Line 24E

Other expenses 520,793 224,506 0 software exp 148,106 461,375 0 advance research programs 501,727 0 0 maintenance & repairs 46,972 409,286 0 dues and subscriptions 425,614 28,876 0 other research grants 336,777 0 0 rents 199,096 77,618 0 utilities 81,814 139,181 0 meeting fees & expenses 98,382 105,807 0 advertising 158,161 30,173 0 capacity building and sp 15,000 118,760 0 non-capitalizable eqpmt 36,853 44,078 0 telecommunications 20,623 42,970 0 matching grants 50,000 0 0 bank charges 560 452 0 total 2,640,478 1,683,082 0

Form 990, Part XI, Line 9

Unrealized gain 3,719,298

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