Civic Intelligence

Centro De Economia Creativa Inc

EIN 66-0943858 • 501(c)3 • San Juan, PR

Profile

The Organization's mission shall be to provide support to the non-profit sector and social enterprises through educational tools management services and identification of resources for their sustainability. It aims to provide management and training support to community-based projects that seek to generate economic social or cultural transformation.

800 Roberto H Todd Com 18 Suite 318San Juan, PR 00907-0000

www.labcultural.com

Siviq Scores

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

Liabilities / Assets

17th percentile

0.01x

Higher debt load relative to assets than 17% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

15th percentile

0.01x

Higher debt load relative to revenue than 15% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

25th percentile

-5.5%

Higher net margin than 25% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

28th percentile

$59,839

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

21st percentile

-4.4%

Faster asset growth than 21% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-30%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$5,058,257

Down $234,587 (-4.4%) from 2023

Liabilities

Down

$29,230

Down $6,725 (-19%) from 2023

Net Assets

Down

$5,029,027

Down $227,862 (-4.3%) from 2023

Revenue

Down

$4,110,134

Down $1,787,937 (-30%) from 2023

Expenses

Up

$4,337,495

Up $362,267 (+9.1%) from 2023

Net Income

Down

-$227,361

Down $2,150,204 (-112%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2021: $4,050,900Liabilities 2021: $45,203Net Assets 2021: $4,005,6972021Assets 2022: $3,350,220Liabilities 2022: $16,174Net Assets 2022: $3,334,0462022Assets 2023: $5,292,844Liabilities 2023: $35,955Net Assets 2023: $5,256,8892023Assets 2024: $5,058,257Liabilities 2024: $29,230Net Assets 2024: $5,029,0272024

Highlighted filing

2024

Assets$5,058,257
Liabilities$29,230
Net Assets$5,029,027

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2021: $4,248,383Expenses 2021: $246,524Net Income 2021: $4,001,8592021Revenue 2022: $1,234,960Expenses 2022: $1,906,611Net Income 2022: -$671,6512022Revenue 2023: $5,898,071Expenses 2023: $3,975,228Net Income 2023: $1,922,8432023Revenue 2024: $4,110,134Expenses 2024: $4,337,495Net Income 2024: -$227,3612024

Highlighted filing

2024

Revenue$4,110,134
Expenses$4,337,495
Net Income-$227,361

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.1
Gross Receipts
$4,110,134
Mission and Program Overview

Mission

The Organization's mission shall be to provide support to the non-profit sector and social enterprises through educational tools management services and identification of resources for their sustainability. It aims to provide management and training support to community-based projects that seek to generate economic social or cultural transformation.

This Organization is organized to provide support to the non-profit sector and social enterprises through educational tools management services and identification of resources for their sustainability. It aims to provide management and training support to community-based projects that seek to generate economic social or cultural transformation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,258,255$5,045,532▼ $212,723
Pledges and Grants Receivable$27,118$0▼ $27,118
Accounts Receivable$580$2,230▲ $1,650
Land, Buildings, and Equipment, Net$3,124$2,178▼ $946
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$5,292,844$5,058,257▼ $234,587
Other Assets Total$3,767$8,317▲ $4,550
Liabilities
Other Liabilities$30,555$29,230▼ $1,325
Accounts Payable and Accrued Expenses$5,400$0▼ $5,400
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$35,955$29,230▼ $6,725
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,256,889$5,029,027▼ $227,862
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$5,256,889$5,029,027▼ $227,862
Total Liabilities and Net Assets / Fund Balance$5,292,844$5,058,257▼ $234,587

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,178$2,553$4,731
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Siri Y Rolon RiveraDirectorFT$59,839$59,839
Javier J Hernandez AcostaFounder DirectorPT$57,900$57,900

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$4,025,052
Program Service Revenue
$65,340
Investment Income
$0
Other Revenue
$19,742
All Other Contributions
$3,942,485
Change in Net Assets
$-227,361
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,899,981
Other Expenses$1,437,514
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,288,342$178,356$0$2,466,698
Fees for Services Management$805,371$80$0$805,451
Other Employee Benefits$160,660$15,145$0$175,805
Occupancy$148,621$82$0$148,704
Payroll Taxes$127,750$11,989$0$139,739
Current Officers, Directors, Trustees, and Key Employees$81,497$36,242$0$117,739
Travel$67,832$0$0$67,832
Office Expenses$30,915$15,445$0$46,359
Fees for Services Accounting$0$15,400$0$15,400
Fees for Services Legal$0$12,138$0$12,138
Depreciation Depletion$0$946$0$946
Total Functional Expenses$4,031,930$305,565$0$4,337,495
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$22,407
Professional Tax Retention$6,823
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
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, Line 8A

The organization does not have committees.

Part VI, Line 11A

Form 990 is presented to the Governance Board members for review analysis and approval before filing.

Part VI, Line 12C

Management evaluates the information of each resource before being hired. If there is any conflict it is referred to the Board of Directors for evaluation. If any Board member or key employee becomes aware of any matter that may represent a conflict of interest they have the responsibility to disclose it.

Part VI, Line 15

Compensation of one Director is established based on budgeted amount of proposals presented and approved. The Founder Director compensation is determined based on performance of each grant received and managed.

Part VI, Line 19

As an organizational philosophy our values are the transparency of operations and the creation of trust for those we serve. Organizational documents financial statements and form 990 are available upon request.

Filing and Contact Details

Filer

Filer Name
Centro De Economia Creativa Inc
EIN
66-0943858
Phone
7873969118
Address
800 ROBERTO H TODD COM 18 SUITE 318, SAN JUAN, PR 00907-0000

Signing Officer

Name
Javier Hernnadez Acosta
Title
Founder Director
Phone
7873969118
Signed
2025-11-17
Discuss with paid preparer
No

Organization Details

Principal Officer
Javier Hernandez Acosta
Formed
2020
Legal Domicile
Pr
Voting Board Members
7
Independent Board Members
7
Employees
70
Volunteers
0

Preparer

Firm
Ed Burgos CPA S Psc
Address
PO BOX 14155, SAN JUAN, PR 00916-4155
Preparer
Eduardo Burgos
Supplemental Narrative

Additional Explanations

Part XI, Line 9

| Description:, Explanation:, Amount:| Difference due to rounding., Difference due to rounding., $-1|

Part III Line 4

| Explanation:| MANIOBRA Part III Line 4a - We have not only achieved our initially proposed objectives but have surpassed them significantly. We have successfully provided fair wages and fringe benefits to 40 artists from various disciplines simultaneously supporting 25 organizations initiatives and projects. Our managerial support structure ensures the continuity of the project facilitating the implementation of artistic initiatives by granting an annual budget. Additionally we have contributed to the decentralization of arts production in Puerto Rico. Over the past year we have also offered workshops and interventions addressing sustainability savings investment and labor issues further extending our impact and commitment to the artistic community. This program has created a multiplier effect by ensuring economic security for artists their projects and families. It provides access to health plans and funding to execute artistic endeavors. This allows artists to hire more collaborators and receive support in managerial aspects fostering a thriving creative community. By addressing these critical needs the program not only enhances the stability and productivity of individual artists but also invigorates the broader artistic ecosystem driving cultural and economic growth. Achievements: Continuing the positive impact added to the economic and creative ecosystem Maniobras participating projects invest the fund in strengthening their basic and fundamental infrastructure for their operations and headquarters. In some scenarios prioritizing communities with access and social justice challenges their benefit through job opportunities and professional development. The fund has been vital to ensure access to infrastructure such as rent and utilities for venues workshop spaces performance spaces and support areas to continue and continue the cycle of their creative and artistic processes. Acquisition and replacement of materials and equipment required to keep their infrastructure venues and programming effective efficient and safe. The opportunity for several artists from the Maniobra program to be selected and invited to participate in international projects such as festivals and biennials. Through Maniobra Cohort II Music over the past year we successfully supported 18 Puerto Rican musicians in achieving the goals and objectives of this project. Through our collaboration they were able to produce tracks singles recordings launch singles create music videos embark on tours release albums compose and perform at events concerts shows and festivals directly supported by Maniobra. The collective efforts and dedication of all involved led to a remarkable year of accomplishments and contributions to the music sector.

Part III Line 4

| Explanation:| CEC Part III Line 4b - During 2024 as part of its mission the Centro de Economia Creativa Inc CEC continued to provide management and educational services to Puerto Ricos artistic cultural and creative sectors. In alignment with its goal of decentralizing access the organization directly impacted 58 artists and 25 organizations across 12 cities within the Puerto Rican archipelago. Additionally CEC has innovative projects aimed at addressing key needs within the cultural community: 1. Guarida Cultural this initiative promotes emotional health education and raises awareness about the importance of adopting positive and healthy behaviors. Its primary objectives include Supporting the Puerto Rican cultural and creative sector in developing socioemotional skills to manage change. And helping individuals identify stressful situations and economic challenges. 2. Nuestros Tambores - A project dedicated to showcasing and celebrating percussion crafts and their artisans highlighting their significance as elements of heritage art identity and economy.

Part III Line 4

| Explanation:| ETNICA Part III Line 4c - As part of the goals and objectives presented in the original proposal we have made significant progress in the second year of our projects and relationship with the Mellon Foundation: Support black artists and creators and establish strategic partnerships and collaborations. To expand our work with black youth we have established strategic relationships with Tiempo de Contar oral narrative and reading project and PAYE after school program in Piones Loza and Love Your Magic Development and Empowerment organization for black & brown girls. Together we developed activities like the Da Familiar Crown Day and coordinated an exchange trip to Boston. Our relationship with the University of Puerto Rico Rio Piedras Campus and specially with the University Study Project for Confined People has expanded possibilities for antiracist creative writing mentorship and workshops for confined students.The Diaspora Solidarity Lab DSL and Centro have also been an important relationship that we have been cultivating with much love and care. They invited Archivo Negro and etnica to be a part of the Puerto Rican Day Parade in New York and sustain an archival work of the black diaspora that we would love to keep exploring.Despite our previous collaborations through the purchase of instruments with the artisan Juan Fuentes and his Taller La Plena for this years Da de la Bomba Puertorriquea we finally got to innovate and create 3D digitalizations and augmented reality with their ancient bomba drums and cus for Archivo Negro.As established before one of the main goals of Archivo Negro was to give people specially black people the possibility to immerse in black history or reimagine it. The University of Sagrado Corazon and its Creative Industries Program has been an important strategic collaboration promoting creative writing through ancient pictures from the collection of El Ancn. Create document amplify conserve and preserve our traditions history stories and narratives of black people and their communities from Puerto Rico with a global perspective and reach.Our multimedia platforms have been our main tool to make this goal possible. Through our journalism work we have centered the voices narratives and power of black people like the stories we wrote around the Mi Cabello es Mi Corona campaign. We have also used social media photography videos and poetry to preserve legacies and the history of our communities. At the moment our multimedia platforms have over 42.5K followers. Another important project that has the mission of preserving black traditions history and narratives is Archivo Negro. During 2024 ArchivoNegro.com has achieved significant milestones: Over 4,500 visits from 2,946 unique visitors across 49 different countries. More than 43,310 impressions in Google searches. 7 collections featuring 290 images and 15 videos. 16 category tags for efficient content organization. Strong social media presence: Over 2,813 followers Reached more than 365,812 profilesDiverse content including reels carousels and stories 328 in total. Projects featured in National and International forums like Cumbre Afro in UPRRP Hunter Colleges The Center for Puerto Rican Studies in NYC and The Third Continental Conference of Afro Latin American Studies 2024 in Sao Paulo Brazil Mellon Seminar in Harvard University among others.

Part IV Line 12

| Explanation:| Part IV Line 12 a. At the moment of filing Form 990 for the tax year 2024 the audit of the financial statement was in process. Once the audit is completed the submitted form 990 will be reviewed and if any adjustment is required the form will be amended. The audit was contracted after the filing date of tax return 990.

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