Civic Intelligence

Brock Pierce Foundation Inc

EIN 66-0944668 • 501(c)3 • San Juan, PR

Profile

The foundation is organized and shall be operated as a public charity that will partner with communities,corporation and governments to transform lives around the word

53 Calle Palmeras Suite 601San Juan, PR 00901
Siviq Scores

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

Liabilities / Assets

100th percentile

869.44x

Higher debt load relative to assets than 100% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

48th percentile

0.06x

Higher debt load relative to revenue than 48% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

39th percentile

0.0%

Higher net margin than 39% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

2nd percentile

-99%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

6th percentile

-50%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets100th percentile

Assets

Down

$78

Down $8,870 (-99%) from 2021

Liabilities

Down

$67,816

Down $208,870 (-75%) from 2021

Net Assets

Up

-$67,738

Up $200,000 (+75%) from 2021

Operations
Liabilities / Revenue48th percentileNet Margin39th percentile

Revenue

Down

$1,052,172

Down $1,049,142 (-50%) from 2021

Expenses

Down

$1,052,172

Down $1,318,122 (-56%) from 2021

Net Income

Up

$0

Up $268,980 (+100%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth2nd percentile

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

$400K$200K$0-$200K-$400KAssets 2021: $8,948Liabilities 2021: $276,686Net Assets 2021: -$267,7382021Assets 2022: $78Liabilities 2022: $67,816Net Assets 2022: -$67,7382022

Highlighted filing

2022

Assets$78
Liabilities$67,816
Net Assets-$67,738
Open 2022 Filing

Operations Trend

Revenue Growth6th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2021: $2,101,314Expenses 2021: $2,370,294Net Income 2021: -$268,9802021Revenue 2022: $1,052,172Expenses 2022: $1,052,172Net Income 2022: $02022

Highlighted filing

2022

Revenue$1,052,172
Expenses$1,052,172
Net Income$0
Open 2022 Filing

Filings

Most recent year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$78
Liabilities
$67,816
Net assets
-$67,738
Revenue
$1,052,172
Expenses
$1,052,172
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.07$0.07$1.05$1.05$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.01$0.28$0.27$2.10$2.37$0.27
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$1,052,172
Mission and Program Overview

Mission

The foundation is organized and shall be operated as a public charity that will partner with communities,corporation and governments to transform lives around the word

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$8,948$78▼ $8,870
Rtn Earn Endowment Incm Other Fnds$-267,738$-67,738▲ $200,000
Total Assets$8,948$78▼ $8,870
Liabilities
Accounts Payable and Accrued Expenses$276,686$67,816▼ $208,870
Total Liabilities$276,686$67,816▼ $208,870
Net Assets / Fund Balance
Total Net Assets Fund Balance$-267,738$-67,738▲ $200,000
Total Liabilities and Net Assets / Fund Balance$8,948$78▼ $8,870
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Brock PiercePresident
Revenue and Support

Revenue Composition

Contributions and Grants
$1,052,172
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,052,172
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,052,172
Total Fundraising Expense$974,800
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$32,394--$32,394
Office Expenses$909--$909
Other Expenses$894-$974,800$894
Total Functional Expenses$77,372$0$974,800$1,052,172
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
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

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Form 990, Part VII

“No officer was compensated during the taxable year 2022.”

Filing and Contact Details

Filer

Filer Name
Brock Pierce Foundation Inc
EIN
66-0944668
Phone
7873341463
Address
53 CALLE PALMERAS SUITE 601, SAN JUAN, PR 00901

Signing Officer

Name
Brock Pierce
Title
President
Phone
7873341463
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brock Pierce
Formed
2020
Legal Domicile
Pr
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Hlb Puerto Rico LLC
Address
165 AVE PONCE DE LEON STE 201, SAN JUAN, PR 00917-1235
Preparer
Luis R Lomba
Phone
7872307100
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“OPERATING EXPENSES”

Raw XML Appendix243 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.

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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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