Civic Intelligence

Instituto De Competitividad Y Sostenibilidad Economica De Puerto

990 • Fiscal year 2023 • EIN 66-0847616

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 12, 2024

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

94th percentile

0.96x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

94th percentile

1.76x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

42nd percentile

0.6%

Higher net margin than 42% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

96th percentile

180%

Faster asset growth than 96% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

91st percentile

105%

Faster revenue growth than 91% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets94th percentile

Assets

Flat

$640,001

Flat from 2023

Net Assets

Flat

$26,020

Flat from 2023

Liabilities

Flat

$613,981

Flat from 2023

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin42nd percentile

Revenue

Flat

$349,530

Flat from 2023

Expenses

Flat

$347,459

Flat from 2023

Net Income

Flat

$2,071

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth96th 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 2023: $640,001Liabilities 2023: $613,981Net Assets 2023: $26,0202023Assets 2024: $426,033Liabilities 2024: $501,518Net Assets 2024: -$75,4852024

Highlighted filing

2023

Assets$640,001
Liabilities$613,981
Net Assets$26,020
Open 2023 Filing

Operations Trend

Revenue Growth91st 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 2023: $349,530Expenses 2023: $347,459Net Income 2023: $2,0712023Revenue 2024: $409,853Expenses 2024: $511,358Net Income 2024: -$101,5052024

Highlighted filing

2023

Revenue$349,530
Expenses$347,459
Net Income$2,071
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.0
Gross Receipts
$349,530
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 activity 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$86,754$442,920▲ $356,166
Accounts Receivable$142,190$197,081▲ $54,891
Total Assets$228,944$640,001▲ $411,057
Liabilities
Deferred Revenue-$400,000-
Accounts Payable and Accrued Expenses$204,994$213,981▲ $8,987
Total Liabilities$204,994$613,981▲ $408,987
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$23,950$26,020▲ $2,070
Total Net Assets Fund Balance$23,950$26,020▲ $2,070
Total Liabilities and Net Assets / Fund Balance$228,944$640,001▲ $411,057
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

NameTitle
Ramon a SanchePresident
Jose FernandezDirector
Juan a LarreaDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$280,177
Program Service Revenue
$0
Investment Income
$6,278
Other Revenue
$63,075
All Other Contributions
$280,177
Change in Net Assets
$2,071
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$281,755
Salaries, Compensation, and Employee Benefits$65,704
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$144,871$27,088-$171,959
Other Expenses$22,162$61,224-$61,224
Other Salaries and Wages-$57,813-$57,813
Interest-$9,957-$9,957
Payroll Taxes-$7,891-$7,891
Advertising-$1,775-$1,775
Total Functional Expenses$167,033$180,426$0$347,459
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 final draft of form 990 was circulated to each member 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 interest 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 director memebers receives compensation. Any compensation for top management officials....continued”

PART VI - SECTION B - ITEM 15B

“....is reciewed and approved by the governing board with the 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
2024-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jose E Rossi
Voting Board Members
3
Independent Board Members
3
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 FINAL DRAFT OF FORM 990 WAS CIRCULATED TO EACH MEMBER 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 INTEREST 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 DIRECTOR MEMEBERS RECEIVES COMPENSATION. ANY COMPENSATION FOR TOP MANAGEMENT OFFICIALS....CONTINUED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3....IS RECIEWED AND APPROVED BY THE GOVERNING BOARD WITH THE 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/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSE E ROSSI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07876309990
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-12
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ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 2128
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN JUAN
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-12
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ReturnHeader/ReturnTs02024-11-15T15:36:20-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$640,001
Liabilities
$613,981
Net assets
$26,020
Revenue
$349,530
Expenses
$347,459
Net income
$2,071
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
2023Detailed filing. Detailed filing data is available for this year.$6.40$6.14$0.26$3.50$3.47$0.02
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
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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