Civic Intelligence

Borincana Foundation Inc.

990EZ • Fiscal year 2018 • EIN 66-0904023

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 08, 2019

Organization Profile
1357 Avenida Ashford 417San Juan, PR 00907

(914) 552-7220

Siviq Scores

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

Liabilities / Assets

94th percentile

0.99x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

95th percentile

0.95x

Higher debt load relative to revenue than 95% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

45th percentile

1.2%

Higher net margin than 45% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Balance Sheet
Liabilities / Assets94th percentile

Assets

$42,164

No earlier filing loaded for comparison.

Net Assets

$525

No earlier filing loaded for comparison.

Liabilities

$41,639

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin45th percentile

Revenue

$43,664

No earlier filing loaded for comparison.

Expenses

$43,139

No earlier filing loaded for comparison.

Net Income

$525

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$800K$600K$400K$200K$0Assets 2018: $42,164Liabilities 2018: $41,639Net Assets 2018: $5252018Assets 2019: $86,006Liabilities 2019: $75,641Net Assets 2019: $10,3652019Assets 2020: $146,033Liabilities 2020: $139,640Net Assets 2020: $6,3932020Assets 2021: $207,783Liabilities 2021: $198,774Net Assets 2021: $9,0092021Assets 2022: $448,140Liabilities 2022: $363,686Net Assets 2022: $84,4542022Assets 2023: $579,026Liabilities 2023: $352,007Net Assets 2023: $227,0192023Assets 2024: $608,633Liabilities 2024: $319,422Net Assets 2024: $289,2112024

Highlighted filing

2018

Assets$42,164
Liabilities$41,639
Net Assets$525
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2018: $43,664Expenses 2018: $43,139Net Income 2018: $5252018Revenue 2019: $72,822Expenses 2019: $64,482Net Income 2019: $8,3402019Revenue 2020: $289,195Expenses 2020: $293,667Net Income 2020: -$4,4722020Revenue 2021: $278,442Expenses 2021: $275,826Net Income 2021: $2,6162021Revenue 2022: $543,401Expenses 2022: $467,956Net Income 2022: $75,4452022Revenue 2023: $811,531Expenses 2023: $668,855Net Income 2023: $142,6762023Revenue 2024: $926,796Expenses 2024: $864,606Net Income 2024: $62,1902024

Highlighted filing

2018

Revenue$43,664
Expenses$43,139
Net Income$525
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 8, 2019
Return Version
2018v3.0
Gross Receipts
$43,664
Mission and Program Overview

Mission

Borincana foundation will provide certain consulting service to other non-for-profit or for-profit organization to support and venture with local solar storage companies, microgrid providers, investor, lenders technology providers, and others, to implement accelerated programmatic approaches to marketing, financing, and execution of distributed generation and storage for industrial and commercial customers. Also, the foundation will act as an advisor and grant recipient/ administrator to support federal and local effort for revitalization and transformation of puerto rico.

Program Services

DescriptionGrantsExpenses
BORINCANA FOUNDATION WILL PROVIDE CERTAIN CONSULTING SERVICE TO OTHER NON-FOR-PROFIT OR FOR-PROFIT ORGANIZATION TO SUPPORT AND VENTURE WITH LOCAL SOLAR STORAGE COMPANIES, MICROGRID PROVIDERS, INVESTOR, LENDERS TECHNOLOGY PROVIDERS, AND OTHERS, TO IMPLEMENT ACCELERATED PROGRAMMATIC APPROACHES TO MARKETING, FINANCING, AND EXECUTION OF DISTRIBUTED GENERATION AND STORAGE FOR INDUSTRIAL AND COMMERCIAL CUSTOMERS. ALSO, THE FOUNDATION WILL ACT AS AN ADVISOR AND GRANT RECIPIENT/ ADMINISTRATOR TO SUPPORT FEDERAL AND LOCAL EFFORT FOR REVITALIZATION AND TRANSFORMATION OF PUERTO RICO.$0$6,122
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
THOMAS KINGPresidentPT$0--
ALEJANDRO URIARTESecretaryPT$0--
ENRIQUE MARTINEZMemberPT$0--
Filing and Contact Details

Filer

Filer Name
Borincana Foundation Inc
EIN
66-0904023
Phone
9145527220
Address
1357 AVENIDA ASHFORD 417, SAN JUAN, PR 00907

Signing Officer

Name
Thomas King
Title
Founding Director
Phone
9145527220
Signed
2019-10-08
Discuss with paid preparer
Yes

Preparer

Firm
Juan a Vazquez Aldea CPA
Address
PO BOX 9090, CAGUAS, PR 00726
Preparer
Juan A Vazquez Aldea CPA
Phone
7874133650
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^SPONSOR;5000|PROGRAM ACTIVITIES;1122|TRAVEL AND MEAL EXPENSES;16054|OTHE TAX;956|OFFICE EXPENSE;503|OTHER;401^Total;24036^”

Form 990-EZ, Part II, Line 24

“Description;EOY Amount^ACCOUNT RECEIVABLE;41639^Total;41639^”

Form 990-EZ, Part II, Line 26

“Description;EOY Amount^ACCOUNT PAYABLE;41639^Total;41639^”

Raw XML Appendix164 raw XML fields

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

Path#Value
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ENRIQUE MARTINEZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2MEMBER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt041639
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IRS990EZ/OtherExpensesTotalAmt024036
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0BORINCANA FOUNDATION WILL PROVIDE CERTAIN CONSULTING SERVICE TO OTHER NON-FOR-PROFIT OR FOR-PROFIT ORGANIZATION TO SUPPORT AND VENTURE WITH LOCAL SOLAR STORAGE COMPANIES, MICROGRID PROVIDERS, INVESTOR, LENDERS TECHNOLOGY PROVIDERS, AND OTHERS, TO IMPLEMENT ACCELERATED PROGRAMMATIC APPROACHES TO MARKETING, FINANCING, AND EXECUTION OF DISTRIBUTED GENERATION AND STORAGE FOR INDUSTRIAL AND COMMERCIAL CUSTOMERS. ALSO, THE FOUNDATION WILL ACT AS AN ADVISOR AND GRANT RECIPIENT/ ADMINISTRATOR TO SUPPORT FEDERAL AND LOCAL EFFORT FOR REVITALIZATION AND TRANSFORMATION OF PUERTO RICO.
IRS990EZ/PrintingPublicationsPostageAmt00
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0BORINCANA FOUNDATION WILL PROVIDE CERTAIN CONSULTING SERVICE TO OTHER NON-FOR-PROFIT OR FOR-PROFIT ORGANIZATION TO SUPPORT AND VENTURE WITH LOCAL SOLAR STORAGE COMPANIES, MICROGRID PROVIDERS, INVESTOR, LENDERS TECHNOLOGY PROVIDERS, AND OTHERS, TO IMPLEMENT ACCELERATED PROGRAMMATIC APPROACHES TO MARKETING, FINANCING, AND EXECUTION OF DISTRIBUTED GENERATION AND STORAGE FOR INDUSTRIAL AND COMMERCIAL CUSTOMERS. ALSO, THE FOUNDATION WILL ACT AS AN ADVISOR AND GRANT RECIPIENT/ ADMINISTRATOR TO SUPPORT FEDERAL AND LOCAL EFFORT FOR REVITALIZATION AND TRANSFORMATION OF PUERTO RICO.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt06122
IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SaleOfAssetsGrossAmt00
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IRS990EZ/StatesWhereCopyOfReturnIsFldCd0PR
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IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt041639
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
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IRS990ScheduleA/TotalSupportAmt043664
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description;Amount^SPONSOR;5000|PROGRAM ACTIVITIES;1122|TRAVEL AND MEAL EXPENSES;16054|OTHE TAX;956|OFFICE EXPENSE;503|OTHER;401^Total;24036^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;EOY Amount^ACCOUNT RECEIVABLE;41639^Total;41639^
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 26
ReasonableCauseExplanation/ExplanationTxt0AN EXTENSION WAS FILLED ON TIME
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Thomas King
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Founding Director
ReturnHeader/BusinessOfficerGrp/PhoneNum09145527220
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BORINCANA FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0BORI
ReturnHeader/Filer/EIN0660904023
ReturnHeader/Filer/PhoneNum09145527220
ReturnHeader/Filer/USAddress/AddressLine1Txt01357 AVENIDA ASHFORD 417
ReturnHeader/Filer/USAddress/CityNm0SAN JUAN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PR
ReturnHeader/Filer/USAddress/ZIPCd000907
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt072.189.224.213
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0660737613
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JUAN A VAZQUEZ ALDEA CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 9090
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CAGUAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd000726
ReturnHeader/PreparerPersonGrp/PhoneNum07874133650
ReturnHeader/PreparerPersonGrp/PreparationDt02019-10-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Juan A Vazquez Aldea CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-10-09T21:26:55-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$42,164
Liabilities
$41,639
Net assets
$525
Revenue
$43,664
Expenses
$43,139
Net income
$525
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.09$3.19$2.89$9.27$8.65$0.62
2023Detailed filing. Detailed filing data is available for this year.$5.79$3.52$2.27$8.12$6.69$1.43
2022Detailed filing. Detailed filing data is available for this year.$4.48$3.64$0.84$5.43$4.68$0.75
2021Detailed filing. Detailed filing data is available for this year.$2.08$1.99$0.09$2.78$2.76$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.46$1.40$0.06$2.89$2.94$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.86$0.76$0.10$0.73$0.64$0.08
2018Detailed filing. Detailed filing data is available for this year.$0.42$0.42$0.01$0.44$0.43$0.01