Civic Intelligence

Instituto De Competitividad Y Sostenibilidad Economica De Puerto

990 • Fiscal year 2021 • EIN 66-0847616

Jul 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

Organization ProfileICSEPR.ORG
PO Box 2128San Juan, PR 00922

(787) 630-9990

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.90x

Higher debt load relative to assets than 93% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

94th percentile

0.88x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

74th percentile

29%

Higher net margin than 74% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

99th percentile

1639%

Faster asset growth than 99% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

71st percentile

37%

Faster revenue growth than 71% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$298,433

Up $281,273 (+1639%) from 2020

Net Assets

Up

$28,721

Up $34,340 (+611%) from 2020

Liabilities

Up

$269,712

Up $246,933 (+1084%) from 2020

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin74th percentile

Revenue

Up

$307,871

Up $83,751 (+37%) from 2020

Expenses

Down

$217,714

Down $55,750 (-20%) from 2020

Net Income

Up

$90,157

Up $139,501 (+283%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$800K$600K$400K$200K$0-$200KAssets 2015: $77,893Liabilities 2015: $46,851Net Assets 2015: $31,0422015Assets 2017: $92,273Liabilities 2017: $45,709Net Assets 2017: $46,5642017Assets 2018: $126,105Liabilities 2018: $0Net Assets 2018: $126,1052018Assets 2019: $54,597Liabilities 2019: $10,871Net Assets 2019: $43,7262019Assets 2020: $17,160Liabilities 2020: $22,779Net Assets 2020: -$5,6192020Assets 2021: $298,433Liabilities 2021: $269,712Net Assets 2021: $28,7212021Assets 2022: $228,944Liabilities 2022: $204,994Net Assets 2022: $23,9502022Assets 2023: $640,001Liabilities 2023: $613,981Net Assets 2023: $26,0202023Assets 2024: $426,033Liabilities 2024: $501,518Net Assets 2024: -$75,4852024

Highlighted filing

2021

Assets$298,433
Liabilities$269,712
Net Assets$28,721
Open 2021 Filing

Operations Trend

Revenue Growth71st percentile

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

$600K$400K$200K$0-$200KRevenue 2015: $219,739Expenses 2015: $188,697Net Income 2015: $31,0422015Revenue 2017: $366,596Expenses 2017: $351,074Net Income 2017: $15,5222017Revenue 2018: $376,508Expenses 2018: $296,967Net Income 2018: $79,5412018Revenue 2019: $198,020Expenses 2019: $280,399Net Income 2019: -$82,3792019Revenue 2020: $224,120Expenses 2020: $273,464Net Income 2020: -$49,3442020Revenue 2021: $307,871Expenses 2021: $217,714Net Income 2021: $90,1572021Revenue 2022: $170,626Expenses 2022: $175,397Net Income 2022: -$4,7712022Revenue 2023: $349,530Expenses 2023: $347,459Net Income 2023: $2,0712023Revenue 2024: $409,853Expenses 2024: $511,358Net Income 2024: -$101,5052024

Highlighted filing

2021

Revenue$307,871
Expenses$217,714
Net Income$90,157
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.1
Gross Receipts
$307,871
Mission and Program Overview

Mission

TO CONDUCT EDUCATIONAL SERVICES THAT ARE EXCLUSIVELY WITHIN THE MEANING OF SECTION 501c3 OF THE IRS AND PARTICIPATE IN ACTIVITIES

To conduct educational activiti under section 501c3 of the irs and participate in activities and alliances that foster socioeconomic well being in puerto rico

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,833$264,933▲ $263,100
Accounts Receivable-$33,500-
Land, Buildings, and Equipment, Net$465--
Total Assets$2,298$298,433▲ $296,135
Liabilities
Accounts Payable and Accrued Expenses$63,734$269,712▲ $205,978
Total Liabilities$63,734$269,712▲ $205,978
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-61,436$28,721▲ $90,157
Total Net Assets Fund Balance$-61,436$28,721▲ $90,157
Total Liabilities and Net Assets / Fund Balance$2,298$298,433▲ $296,135

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$1,862-
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleBaseTotal
Ramon a SanchezExecutive Directo$5,000$5,000

Board Members and Trustees

NameTitle
Jose E RosiPresident
Jose E FernandDirector
Juan a LarreaDirector
Ramon a SancheExecutive Dire
Waleska RiveraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$239,000
Program Service Revenue
$0
Investment Income
$85
Other Revenue
$68,786
All Other Contributions
$239,000
Change in Net Assets
$90,157
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$212,714
Salaries, Compensation, and Employee Benefits$5,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$61,698--$61,698
Fees for Services Accounting$46,115--$46,115
Fees for Services Other$22,910--$22,910
Current Officers, Directors, Trustees, and Key Employees$5,000--$5,000
Insurance$970--$970
Depreciation Depletion$465--$465
Other Expenses$242--$242
Total Functional Expenses$217,714$0$0$217,714
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

PART VI - SECTION B - ITEM 11B

“The financial draft of form 990 was circulated to each membe of the governing body prior to filing.”

PART VI - SECTION B ITEM 12C

“By laws require that all members of the board sign their agreement with the conflict of interests policy. In addition each member will reafirm on a yearly basis their agreement with the policy.”

PART VI - SECTION B - ITEM 15B

“In accordance with section vii of form 990, none of the board of directors members receives compensation. Any compensation for top management officials....continued”

PART VI - SECTION B - ITEM 15B

“....is reviewed and approved by the governing board with th advice of the legal counsel, considering comparability data and the required deliberation and decision process”

Part VI - Section C - Item 19

“Availability of governing documents, conflict of interest policy and financial statements are available on the icse website.”

Filing and Contact Details

Filer

Filer Name
Instituto De Competitividad Y
EIN
66-0847616
Address
PO BOX 2128, SAN JUAN, PR 00922

Signing Officer

Name
Jose E Rossi
Title
President
Phone
7876309990
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jose E Rossi
Formed
2015
Legal Domicile
Pr
Voting Board Members
5
Independent Board Members
5
Employees
1

Preparer

Firm
Uhy Del Valle & Nieves Psc
Address
PO BOX 361863, SAN JUAN, PR 00936-1863
Preparer
Rafael Figueroa Cruz
Phone
7877934650
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FINANCIAL DRAFT OF FORM 990 WAS CIRCULATED TO EACH MEMBE OF THE GOVERNING BODY PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BY LAWS REQUIRE THAT ALL MEMBERS OF THE BOARD SIGN THEIR AGREEMENT WITH THE CONFLICT OF INTERESTS POLICY. IN ADDITION EACH MEMBER WILL REAFIRM ON A YEARLY BASIS THEIR AGREEMENT WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN ACCORDANCE WITH SECTION VII OF FORM 990, NONE OF THE BOARD OF DIRECTORS MEMBERS RECEIVES COMPENSATION. ANY COMPENSATION FOR TOP MANAGEMENT OFFICIALS....CONTINUED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3....IS REVIEWED AND APPROVED BY THE GOVERNING BOARD WITH TH ADVICE OF THE LEGAL COUNSEL, CONSIDERING COMPARABILITY DATA AND THE REQUIRED DELIBERATION AND DECISION PROCESS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABILITY OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE ICSE WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI - SECTION B - ITEM 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI - SECTION B ITEM 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI - SECTION B - ITEM 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI - SECTION B - ITEM 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART VI - SECTION C - ITEM 19
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0JOSE E ROSSI
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INSTITUTO DE COMPETITIVIDAD Y
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ReturnHeader/ReturnTs02022-11-14T10:34:59-04:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$298,433
Liabilities
$269,712
Net assets
$28,721
Revenue
$307,871
Expenses
$217,714
Net income
$90,157
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.26$5.02$0.75$4.10$5.11$1.02
2023Summary only. Only limited summary data is available for this year.$6.40$6.14$0.26$3.50$3.47$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.29$2.05$0.24$1.71$1.75$0.05
2021Detailed filing. Detailed filing data is available for this year.$2.98$2.70$0.29$3.08$2.18$0.90
2020Summary only. Only limited summary data is available for this year.$0.17$0.23$0.06$2.24$2.73$0.49
2019Summary only. Only limited summary data is available for this year.$0.55$0.11$0.44$1.98$2.80$0.82
2018Summary only. Only limited summary data is available for this year.$1.26$0.00$1.26$3.77$2.97$0.80
2017Summary only. Only limited summary data is available for this year.$0.92$0.46$0.47$3.67$3.51$0.16
2015Summary only. Only limited summary data is available for this year.$0.78$0.47$0.31$2.20$1.89$0.31