Civic Intelligence

Fundacion Corazon Elastico Inc.

EIN 66-0932719 • 501(c)3 • Bayamon, PR

Pub. 78 Eligible

Profile

Art, education and social entertainment

I-35 Sultana Del W Repto FlamingoBayamon, PR 00959
Siviq Scores

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

Liabilities / Assets

69th percentile

0.02x

Higher debt load relative to assets than 69% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.01x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

55th percentile

4.5%

Higher net margin than 55% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

91st percentile

$35,353

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 27.7% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

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

Source year 2024

Revenue Growth

Score unavailable

No value available

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

Source year 2024

Balance Sheet
Liabilities / Assets69th percentile

Assets

$44,557

No earlier filing loaded for comparison.

Liabilities

$800

No earlier filing loaded for comparison.

Net Assets

$43,757

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue67th percentileNet Margin55th percentile

Revenue

$127,748

No earlier filing loaded for comparison.

Expenses

$121,974

No earlier filing loaded for comparison.

Net Income

$5,774

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$60K$40K$20K$0Assets 2024: $44,557Liabilities 2024: $800Net Assets 2024: $43,7572024

Highlighted filing

2024

Assets$44,557
Liabilities$800
Net Assets$43,757
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$150K$100K$50K$0Revenue 2024: $127,748Expenses 2024: $121,974Net Income 2024: $5,7742024

Highlighted filing

2024

Revenue$127,748
Expenses$121,974
Net Income$5,774
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$44,557
Liabilities
$800
Net assets
$43,757
Revenue
$127,748
Expenses
$121,974
Net income
$5,774
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.45$0.01$0.44$1.28$1.22$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 14, 2025
Return Version
2024v5.0
Gross Receipts
$127,748
Mission and Program Overview

Mission

Art, education and social entertainment

Program Services

DescriptionGrantsExpenses
Artistic workshops - inland$13,600$10,200
Artistic workshops - San Juan, PR$10,500$8,400
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JORGE I LATORREExecutive DirectorFT$35,353-$35,353
JOSE CARRENOAssistantPT$7,545-$7,545
ANA I SALGADOAssistantPT$4,100-$4,100
Filing and Contact Details

Filer

Filer Name
Fundacion Corazon Elastico Inc
EIN
66-0932719
Phone
7875022019
Address
I-35 SULTANA DEL W REPTO FLAMINGO, BAYAMON, PR 00959

Signing Officer

Name
Jorge I Latorre
Title
Executive Director
Phone
7875022019
Signed
2025-05-14
Discuss with paid preparer
Yes

Preparer

Firm
Silva & Avalo CPA PSC
Address
420 Ponce de Leon Suite 303, San Juan, PR 00918
Preparer
Pedro Silva
Phone
7877652195
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^MATERIALS;16591|TRAVEL;8546|INSURANCE;1668|DEPRECIATION;3604|OTHER;8938^Total;39347^”

Form 990-EZ, Part II, Line 24

“Description;EOY Amount^FIXED ASSETS;33187|ACCUMULATED DEPRECIATION;-5714|OTHER ASSETS;7828^Total;35301^”

Form 990-EZ, Part II, Line 26

“Description;EOY Amount^ACCRUED EXPENSES;800^Total;800^”

Raw XML Appendix177 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
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BenefitsPaidToOrForMembersAmt00
IRS990EZ/BooksInCareOfDetail/ForeignAddress/AddressLine1Txt01191 PINERO AVE
IRS990EZ/BooksInCareOfDetail/ForeignAddress/CityNm0SAN JUAN
IRS990EZ/BooksInCareOfDetail/ForeignAddress/CountryCd0RQ
IRS990EZ/BooksInCareOfDetail/ForeignAddress/ForeignPostalCd000921
IRS990EZ/BooksInCareOfDetail/ForeignAddress/ProvinceOrStateNm0PR
IRS990EZ/BooksInCareOfDetail/PersonNm0IN CARE OF COMPANY
IRS990EZ/BooksInCareOfDetail/PhoneNum07875022019
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt015175
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt09256
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt028600
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt05774
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt037250
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountCntryCd0RQ
IRS990EZ/ForeignFinancialAccountInd01
IRS990EZ/ForeignOfficeCountryCd0RQ
IRS990EZ/ForeignOfficeInd01
IRS990EZ/Form1120PolFiledInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt039527
IRS990EZ/Form990TotalAssetsGrp/EOYAmt044557
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0127748
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt037983
IRS990EZ/NetAssetsOrFundBalancesEOYAmt043757
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt037983
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt043757
IRS990EZ/OccupancyRentUtltsAndMaintAmt010024
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt120
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt220
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt035353
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt14100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt27545
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JORGE I LATORRE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ANA I SALGADO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JOSE CARRENO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1ASSISTANT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2ASSISTANT
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt024352
IRS990EZ/OtherAssetsTotalDetail/EOYAmt035301
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt039347
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0ART, EDUCATION AND SOCIAL ENTERTAINMENT
IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt099148
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Artistic workshops - San Juan, PR
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Artistic workshops - inland
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt010500
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt113600
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt08400
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt110200
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt035353
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0PR
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt01544
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0800
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0121974
IRS990EZ/TotalProgramServiceExpensesAmt018600
IRS990EZ/TotalRevenueAmt0127748
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0127748
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0126413
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0254161
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0254161
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0127748
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0126413
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0254161
IRS990ScheduleA/TotalSupportAmt0254161
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description;Amount^MATERIALS;16591|TRAVEL;8546|INSURANCE;1668|DEPRECIATION;3604|OTHER;8938^Total;39347^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;EOY Amount^FIXED ASSETS;33187|ACCUMULATED DEPRECIATION;-5714|OTHER ASSETS;7828^Total;35301^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description;EOY Amount^ACCRUED EXPENSES;800^Total;800^
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
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JORGE I LATORRE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07875022019
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FUNDACION CORAZON ELASTICO INC
ReturnHeader/Filer/BusinessNameControlTxt0FUND
ReturnHeader/Filer/EIN0660932719
ReturnHeader/Filer/PhoneNum07875022019
ReturnHeader/Filer/USAddress/AddressLine1Txt0I-35 SULTANA DEL W REPTO FLAMINGO
ReturnHeader/Filer/USAddress/CityNm0BAYAMON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PR
ReturnHeader/Filer/USAddress/ZIPCd000959
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0660726613
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Silva & Avalo CPA PSC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0420 Ponce de Leon Suite 303
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0San Juan
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd000918
ReturnHeader/PreparerPersonGrp/PhoneNum07877652195
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Pedro Silva
ReturnHeader/ReturnTs02025-06-12T12:09:13-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.