Civic Intelligence

Fundacion Cortes Inc

EIN 66-0804845 • 501(c)3 • San Juan, PR

Profile

Promote educational and artistic activities

PO Box 363626San Juan, PR 00936-3626

n/A

Siviq Scores

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

Liabilities / Assets

94th percentile

1.01x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.27x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

24th percentile

-9.6%

Higher net margin than 24% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

9th percentile

-34%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

57th percentile

11%

Faster revenue growth than 57% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$187,562

Down $96,129 (-34%) from 2023

Liabilities

Down

$188,576

Down $30,110 (-14%) from 2023

Net Assets

Down

-$1,014

Down $66,019 (-102%) from 2023

Operations
Liabilities / Revenue81st percentileNet Margin24th percentile

Revenue

Up

$688,307

Up $69,598 (+11%) from 2023

Expenses

Up

$754,326

Up $216,291 (+40%) from 2023

Net Income

Down

-$66,019

Down $146,693 (-182%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth9th percentile

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

$300K$200K$100K$0-$100KAssets 2013: $1Liabilities 2013: $0Net Assets 2013: $02013Assets 2014: $1,070Liabilities 2014: $15,052Net Assets 2014: -$13,9822014Assets 2015: $34,006Liabilities 2015: $6,596Net Assets 2015: $27,4102015Assets 2016: $45,616Liabilities 2016: $29,263Net Assets 2016: $16,3532016Assets 2017: $71,921Liabilities 2017: $57,143Net Assets 2017: $14,7782017Assets 2018: $64,426Liabilities 2018: $31,664Net Assets 2018: $32,7622018Assets 2019: $25,020Liabilities 2019: $23,130Net Assets 2019: $1,8902019Assets 2020: $118,218Liabilities 2020: $60,547Net Assets 2020: $57,6712020Assets 2021: $110,089Liabilities 2021: $43,661Net Assets 2021: $66,4282021Assets 2022: $93,460Liabilities 2022: $109,129Net Assets 2022: -$15,6692022Assets 2023: $283,691Liabilities 2023: $218,686Net Assets 2023: $65,0052023Assets 2024: $187,562Liabilities 2024: $188,576Net Assets 2024: -$1,0142024

Highlighted filing

2024

Assets$187,562
Liabilities$188,576
Net Assets-$1,014
Open 2024 Filing

Operations Trend

Revenue Growth57th percentile

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

$1.0M$500K$0-$500KRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $2,499Expenses 2014: $16,481Net Income 2014: -$13,9822014Revenue 2015: $415,681Expenses 2015: $374,289Net Income 2015: $41,3922015Revenue 2016: $379,691Expenses 2016: $390,748Net Income 2016: -$11,0572016Revenue 2017: $377,835Expenses 2017: $379,410Net Income 2017: -$1,5752017Revenue 2018: $433,471Expenses 2018: $415,487Net Income 2018: $17,9842018Revenue 2019: $472,148Expenses 2019: $503,020Net Income 2019: -$30,8722019Revenue 2020: $551,768Expenses 2020: $495,987Net Income 2020: $55,7812020Revenue 2021: $540,782Expenses 2021: $559,025Net Income 2021: -$18,2432021Revenue 2022: $555,418Expenses 2022: $637,515Net Income 2022: -$82,0972022Revenue 2023: $618,709Expenses 2023: $538,035Net Income 2023: $80,6742023Revenue 2024: $688,307Expenses 2024: $754,326Net Income 2024: -$66,0192024

Highlighted filing

2024

Revenue$688,307
Expenses$754,326
Net Income-$66,019
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$187,562
Liabilities
$188,576
Net assets
-$1,014
Revenue
$688,307
Expenses
$754,326
Net income
-$66,019
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.88$1.89$0.01$6.88$7.54$0.66
2023Detailed filing. Detailed filing data is available for this year.$2.84$2.19$0.65$6.19$5.38$0.81
2022Detailed filing. Detailed filing data is available for this year.$0.93$1.09$0.16$5.55$6.38$0.82
2021Detailed filing. Detailed filing data is available for this year.$1.10$0.44$0.66$5.41$5.59$0.18
2020Detailed filing. Detailed filing data is available for this year.$1.18$0.61$0.58$5.52$4.96$0.56
2019Summary only. Only limited summary data is available for this year.$0.25$0.23$0.02$4.72$5.03$0.31
2018Summary only. Only limited summary data is available for this year.$0.64$0.32$0.33$4.33$4.15$0.18
2017Summary only. Only limited summary data is available for this year.$0.72$0.57$0.15$3.78$3.79$0.02
2016Summary only. Only limited summary data is available for this year.$0.46$0.29$0.16$3.80$3.91$0.11
2015Summary only. Only limited summary data is available for this year.$0.34$0.07$0.27$4.16$3.74$0.41
2014Summary only. Only limited summary data is available for this year.$0.01$0.15$0.14$0.02$0.16$0.14
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 12, 2025
Return Version
2024v5.2
Gross Receipts
$688,307
Mission and Program Overview

Mission

Promote educational and artistic activities

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$145,981$93,485▼ $52,496
Accounts Receivable$133,766$92,176▼ $41,590
Prepaid Expenses and Deferred Charges$3,571$1,901▼ $1,670
Land, Buildings, and Equipment, Net$373$0▼ $373
Rtn Earn Endowment Incm Other Fnds$65,005$-1,014▼ $66,019
Total Assets$283,691$187,562▼ $96,129
Liabilities
Accounts Payable and Accrued Expenses$218,686$188,576▼ $30,110
Total Liabilities$218,686$188,576▼ $30,110
Net Assets / Fund Balance
Total Net Assets Fund Balance$65,005$-1,014▼ $66,019
Total Liabilities and Net Assets / Fund Balance$283,691$187,562▼ $96,129

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$17,378-
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Ignacio Cortes-gelpiPresident & Treasurer
Adlin Rios RigauDirector
Alberto Baco BagueDirector
Eva Diaz AcevedoDirector
Javier Cortes GonzalezDirector
Soraya Rodriguez VazquezDirector
Elaine ShehabSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$688,307
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$688,307
Change in Net Assets
$-66,019

Audited Revenue Reconciliation

Revenue per Audited Statements
$688,307
Total Revenue per Audited Statements
$688,307
Total Revenue per Form 990
$688,307
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$544,012
Salaries, Compensation, and Employee Benefits$210,314
Total Fundraising Expense$32,846
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$212,466$26,444$0$238,910
Other Salaries and Wages$132,762$27,705$30,302$190,769
Occupancy$0$172,800$0$172,800
Other Expenses$58,078$12,360$0$70,438
Fees for Services Management$0$20,500$0$20,500
Payroll Taxes$12,027$4,974$2,544$19,545
Insurance$0$3,262$0$3,262
Office Expenses$0$2,518$0$2,518
Depreciation Depletion$0$373$0$373
Total Functional Expenses$415,333$306,147$32,846$754,326

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$754,326
Total Expenses per Audited Statements$754,326
Total Expenses per Form 990$754,326
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
-President Is OwnerIn-kind Rent ChargedNo$172,800
-President Is OwnerIn-kind Services ProvidedNo$18,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
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
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
Filing and Contact Details

Filer

Filer Name
Fundacion Cortes Inc
EIN
66-0804845
Phone
7877547040
Address
PO BOX 363626, SAN JUAN, PR 00936-3626
Doing Business As
Fundacion Cortes Inc

Signing Officer

Name
Ignacio Cortes
Title
President
Phone
7877547040
Signed
2025-06-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ignacio Cortes
Formed
2013
Legal Domicile
Pr
Voting Board Members
6
Independent Board Members
4
Employees
11
Volunteers
5

Preparer

Firm
Vega Palau LLC
Address
87 ROMERILLO ST 2ND FLOOR, SAN JUAN, PR 00926
Preparer
Aileen M Vega
Phone
7877223832
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The organization provided a complete copy of this form 990 to all of its members. The copies were sent by mail or delivered personally.”

Pt VI, Line 1A

“There are no differences in voting rights among members of the organization.”

Pt VI, Line 19

“The organization does not have its governing documents and financial statements available to the public during the tax year.”

Pt VI, Line 2

“Mr. Ignacio cortes-gelpi is the president and treasurer of the organization. His wife, mrs. Elaine shehab, is the secretary.”

Pt VI, Line 6

“The organization has members. No stockholders.”

Pt VI, Line 7A

“Mr. Ignacio cortes-gelpi, president and treasurer of the organization, has the power to elect or appoint members of the governing body.”

Pt VI, Line 8A

“The organizations governing body documents all of the meetings held during the year.”

Pt VI, Line 8B

“The organization does not have any commitees. All the meetings held during the year were documented by its governing body.”

Pt XI

“PPP FORGIVENESS”

Form 990, Part IX, Line 24E

“Uncollectible pledges 10000. 0. 10000. 0.”

Form 990, Part IX, Line 24E

“Other miscellaneous expenses 16444. 0. 16444. 0.”

Form 990, Part IX, Line 24E

“Materials and other direct costs 212466. 212466. 0. 0.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Promote educational and artistic activities for the general public and to promote Caribbean art and culture through education. All the Organizations activities are aimed at raising funds to enable it to accomplish its educational goals. In addition the major educational programs and activities conducted by the Organization are: . Educa Cortes - provides educational programs leading to increased appreciation of art to complement academic standards and expectations on all school subjects and or requested themes, and to provide healing through art activities. This is accomplished through educational workshops, both for adults and school age youth. . Afternoons of Art and Music - programs for the development of appreciation for varied expressions of Caribbean music and instruments. . Cortes Summer Art Workshops for Youth-mosaic, drawing, engraving, painting, and digital filmmaking summer workshops for 8-17 year old students. . Educa Cortes: The Art of Wellness and Mental Health-through this new programmatic element, the Organization integrates many forms of arts to promote the values that it believes must be prioritized in Puerto Rico; education, culture, passion, sense of responsibility, self-sufficiency, dignity, identity and social justice.
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IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0325296
IRS990/PYOtherRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt080674
IRS990/PYSalariesCompEmpBnftPaidAmt0212739
IRS990/PYTotalExpensesAmt0538035
IRS990/PYTotalRevenueAmt0618709
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-66019
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0688307
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt065005
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-1014
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0688307
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0618709
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0555418
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0540782
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0551768
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02954984
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct00.99840
IRS990ScheduleA/PublicSupportTotal509Amt02954984
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0688307
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0618709
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0555418
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0540782
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0551768
IRS990ScheduleA/Total509Grp/TotalAmt02954984
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02954984
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017378
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt017378
IRS990ScheduleD/ExpensesSubtotalAmt0754326
IRS990ScheduleD/RevenueSubtotalAmt0688307
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0754326
IRS990ScheduleD/TotalRevenuePerForm990Amt0688307
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0688307
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0754326
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0CHOCOLARTE INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1CORTES HERMANOS LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0PRESIDENT IS OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1PRESIDENT IS OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0172800
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt118000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0IN-KIND RENT CHARGED
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1IN-KIND SERVICES PROVIDED
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PROVIDED A COMPLETE COPY OF THIS FORM 990 TO ALL OF ITS MEMBERS. THE COPIES WERE SENT BY MAIL OR DELIVERED PERSONALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO DIFFERENCES IN VOTING RIGHTS AMONG MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT HAVE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MR. IGNACIO CORTES-GELPI IS THE PRESIDENT AND TREASURER OF THE ORGANIZATION. HIS WIFE, MRS. ELAINE SHEHAB, IS THE SECRETARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS MEMBERS. NO STOCKHOLDERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MR. IGNACIO CORTES-GELPI, PRESIDENT AND TREASURER OF THE ORGANIZATION, HAS THE POWER TO ELECT OR APPOINT MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATIONS GOVERNING BODY DOCUMENTS ALL OF THE MEETINGS HELD DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION DOES NOT HAVE ANY COMMITEES. ALL THE MEETINGS HELD DURING THE YEAR WERE DOCUMENTED BY ITS GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PPP FORGIVENESS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9UNCOLLECTIBLE PLEDGES 10000. 0. 10000. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10OTHER MISCELLANEOUS EXPENSES 16444. 0. 16444. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11MATERIALS AND OTHER DIRECT COSTS 212466. 212466. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0283691
IRS990/TotalAssetsEOYAmt0187562
IRS990/TotalAssetsGrp/BOYAmt0283691
IRS990/TotalAssetsGrp/EOYAmt0187562
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0688307
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt032846
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0306147
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0415333
IRS990/TotalFunctionalExpensesGrp/TotalAmt0754326
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0218686
IRS990/TotalLiabilitiesEOYAmt0188576
IRS990/TotalLiabilitiesGrp/BOYAmt0218686
IRS990/TotalLiabilitiesGrp/EOYAmt0188576
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt065005
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1014
IRS990/TotalProgramServiceExpensesAmt0415333
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0688307
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0283691
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0187562
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 363626
IRS990/USAddress/CityNm0SAN JUAN
IRS990/USAddress/StateAbbreviationCd0PR
IRS990/USAddress/ZIPCd0009363626
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0IGNACIO CORTES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07877547040
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FUNDACION CORTES INC
ReturnHeader/Filer/BusinessNameControlTxt0FUND
ReturnHeader/Filer/EIN0660804845
ReturnHeader/Filer/PhoneNum07877547040
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 363626
ReturnHeader/Filer/USAddress/CityNm0SAN JUAN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PR
ReturnHeader/Filer/USAddress/ZIPCd0009363626
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0661028218
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VEGA PALAU LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt087 ROMERILLO ST 2ND FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN JUAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd000926
ReturnHeader/PreparerPersonGrp/PhoneNum07877223832
ReturnHeader/PreparerPersonGrp/PreparationDt02025-09-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Aileen M Vega
ReturnHeader/ReturnTs02025-09-22T09:01:30-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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