Civic Intelligence

Platform for Social Impact Inc

EIN 66-0963647 • 501(c)3 • Carolina, PR

Pub. 78 Eligible990-N Coverage

Profile

Raise capital to support a diverse portfolio of programs, organizations, and impact-first businesses often let out of traditional markets, generate economic value while benefiting underserved communities and creating opportunities for social mobility.

PO Box 79526Carolina, PR 00984

www.impactpr.co

Siviq Scores

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

Liabilities / Assets

78th percentile

0.48x

Higher debt load relative to assets than 78% of similar nonprofits.

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

Liabilities / Revenue

81st percentile

0.76x

Higher debt load relative to revenue than 81% of similar nonprofits.

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

Net Margin

72nd percentile

19%

Higher net margin than 72% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

5th percentile

-23%

Faster asset growth than 5% of similar nonprofits.

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

Revenue Growth

4th percentile

-55%

Faster revenue growth than 4% of similar nonprofits.

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

Assets

Down

$7,792,640

Down $2,284,035 (-23%) from 2023

Liabilities

Up

$3,708,828

Up $1,760,054 (+90%) from 2023

Net Assets

Down

$4,083,812

Down $4,044,089 (-50%) from 2023

Revenue

Down

$4,884,631

Down $5,998,202 (-55%) from 2023

Expenses

Up

$3,950,378

Up $1,376,090 (+53%) from 2023

Net Income

Down

$934,253

Down $7,374,292 (-89%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2023: $10,076,675Liabilities 2023: $1,948,774Net Assets 2023: $8,127,9012023Assets 2024: $7,792,640Liabilities 2024: $3,708,828Net Assets 2024: $4,083,8122024

Highlighted filing

2024

Assets$7,792,640
Liabilities$3,708,828
Net Assets$4,083,812

Operations Trend

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

$15M$10M$5.0M$0Revenue 2023: $10,882,833Expenses 2023: $2,574,288Net Income 2023: $8,308,5452023Revenue 2024: $4,884,631Expenses 2024: $3,950,378Net Income 2024: $934,2532024

Highlighted filing

2024

Revenue$4,884,631
Expenses$3,950,378
Net Income$934,253

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$4,884,631
Mission and Program Overview

Mission

Raise capital to support a diverse portfolio of programs, organizations, and impact-first businesses often let out of traditional markets, generate economic value while benefiting underserved communities and creating opportunities for social mobility.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$5,419,734$6,603,325▲ $1,183,591
Investments Program Related$3,450,000--
Cash and Non-Interest-Bearing Accounts$983,218$1,150,896▲ $167,678
Investments Other Securities$179,285--
Land, Buildings, and Equipment, Net$44,438$38,419▼ $6,019
Total Assets$10,076,675$7,792,640▼ $2,284,035
Liabilities
Accounts Payable and Accrued Expenses$748,774$3,055,166▲ $2,306,392
Other Liabilities$1,200,000$653,662▼ $546,338
Total Liabilities$1,948,774$3,708,828▲ $1,760,054
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,877,901$4,033,812▼ $844,089
Net Assets With Donor Restrictions$3,250,000$50,000▼ $3,200,000
Total Net Assets Fund Balance$8,127,901$4,083,812▼ $4,044,089
Total Liabilities and Net Assets / Fund Balance$10,076,675$7,792,640▼ $2,284,035

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$38,419$17,840-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Eduardo CarreraCEOFT$225,000$225,000
Heriberto TorresCFOFT$181,000$181,000
Camila RiveroCOOFT$150,000$150,000

Board Members and Trustees

NameTitle
Bertil ChappuisBoard of Director
Monica De La TorreBoard of Director
Rafael SomozaBoard of Director
Rafael VelezBoard of Director

Highest Paid Contractors

ContractorServicesLocationCompensation
Instituto Desarrollo De La JuventudProfessional Sv655 AV ROBERTO H TODD, SUITE 307, San Juan, PR 00907$177,237
Capitol Consulting LLCGrant ConsultVILLA NEVAREZ PROFESSIONAL CENTER, San Juan, PR 00936-0465$175,800
Connecto Solutions LLCConsulting ServURB SANTA PAULA CALLE 3 B5, Guaynabo, PR 00969-6607$142,000
Revenue and Support

Revenue Composition

Contributions and Grants
$4,680,355
Program Service Revenue
$0
Investment Income
$204,276
Other Revenue
$0
All Other Contributions
$5,400
Change in Net Assets
$934,253

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,626,289
Revenue Not Reported on Financial Statements
$258,342
Other Revenue Adjustments
$258,342
Total Revenue per Audited Statements
$4,626,289
Total Revenue per Form 990
$4,884,631
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,950,226
Salaries, Compensation, and Employee Benefits$1,000,152
Total Fundraising Expense$331,557
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$1,787,447$586,981$72,522$2,446,950
Current Officers, Directors, Trustees, and Key Employees$146,905$279,917$129,178$556,000
Other Salaries and Wages$117,352$223,608$103,192$444,152
Advertising-$41,043-$41,043
All Other Expenses-$20,592-$20,592
Travel--$16,569$16,569
Insurance-$11,367-$11,367
Depreciation Depletion-$10,289-$10,289
Other Expenses$10,902$9,521$10,096$9,521
Office Expenses-$8,415-$8,415
Total Functional Expenses$2,295,961$1,322,860$331,557$3,950,378

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,950,378
Total Expenses per Audited Statements$3,950,378
Total Expenses per Form 990$3,950,378
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$653,662
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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

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

It is received and verified in all its parts by the lead accountant. Once verified, it is discussed and the cfo analyzes it in all its parts and discusses it with the ceo. Once a month the chief financial officer, prior to the monthly meeting of the board of directors, holds a meeting with the member of the board who is in charge of financial matters at which form 990 is discussed and analyzed in all its parts. Once the topic has been discussed, it is included in the agenda of the next board meeting at which it is discussed and if there is no objection it is approved.

Form 990, Page 6, Part VI, Line 12C

As part of the onboarding of a new board member or employee, they are given a questionnaire to confirm that there is no conflict of interest. This same questionnaire is given to all board members and employees to be submitted annually on or before january 31.

Form 990, Page 6, Part VI, Line 15A

The executive chairman's contract is prepared, reviewed and issued by the board of directors. This contract, apart from compensation, includes other matters such as reimbursement of expenses and fringe benefits. The cfo is clear in his work that any change in the contract to the executive director's salary has to come from the board of directors.

Form 990, Page 6, Part VI, Line 19

The governing documents, financial statements, and form 990 are available to public inspection upon request. Once a written request is made for inspection, coordination is made between the organization and the requesting party to facilitate the inspection process.

Filing and Contact Details

Filer

Filer Name
Platform for Social Impact Inc
EIN
66-0963647
Phone
7872684504
Address
PO BOX 79526, CAROLINA, PR 00984

Signing Officer

Name
Eduardo Carrera
Title
CEO
Phone
7872684504
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eduardo Carrera
Formed
2020
Legal Domicile
Pr
Voting Board Members
4
Independent Board Members
4
Employees
13

Preparer

Firm
Rsm Puerto Rico
Address
PO BOX 10528, SAN JUAN, PR 00922-0528
Preparer
Rafael De Rojas Sanchez
Phone
7877516164
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Raise capital to support a diverse portfolio of programs, organizations, and impact-first businesses often let out of traditional markets, generate economic value while benefiting underserved communities and creating opportunities for social mobility.

Form 990, Part XI, Line 9

Loss in unconsolidated equity subsidiary -258,342 impairment loss on program related partnership inv -50,000 contribution to b&g club to oasis project -4,670,000 total -4,978,342

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

Loss in unconsolidated equity subsidiary 258,342

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IRS990/ProgSrvcAccomActy3Grp/Desc0BUSINESS DEVELOPMENT - THE BUSINESS DEVELOPMENT EFFORTS OF PLATFORM FOR SOCIAL IMPACT, INC. (PSI) ENCOMPASS A WIDE RANGE OF INITIATIVES AIMED AT EXPANDING THE ORGANIZATION'S REACH AND IMPACT. THIS INCLUDES EXPLORING OPPORTUNITIES FOR STRATEGIC PARTNERSHIPS, SECURING FUNDING FROM DIVERSE SOURCES, AND DEVELOPING INNOVATIVE FINANCIAL INSTRUMENTS. PSI'S PURSUIT OF CATALYTIC CAPITAL IN PUERTO RICO IS TO DEMONSTRATE THE EXISTENCE OF AN UNTAPPED MARKET FOR IMPACT INVESTMENT IN THE REGION, WITH THE POTENTIAL TO GENERATE THE NECESSARY RESOURCES TO ENSURE THE LONG-TERM SUSTAINABILITY OF PSI'S INITIATIVES AND ECONOMIC MOBILITY FOR FAMILIES.
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IRS990/PYTotalExpensesAmt02574288
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04680355
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt010872904
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt010872904
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt015553259
IRS990ScheduleA/TotalSupportAmt015553259
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt017840
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt056259
IRS990ScheduleD/ExpensesSubtotalAmt03950378
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0653662
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0258342
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0258342
IRS990ScheduleD/RevenueSubtotalAmt04626289
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LOSS IN UNCONSOLIDATED EQUITY SUBSIDIARY 258,342
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 4B
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IRS990ScheduleD/TotalExpensesPerForm990Amt03950378
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IRS990ScheduleD/TotalRevenuePerForm990Amt04884631
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04626289
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RAISE CAPITAL TO SUPPORT A DIVERSE PORTFOLIO OF PROGRAMS, ORGANIZATIONS, AND IMPACT-FIRST BUSINESSES OFTEN LET OUT OF TRADITIONAL MARKETS, GENERATE ECONOMIC VALUE WHILE BENEFITING UNDERSERVED COMMUNITIES AND CREATING OPPORTUNITIES FOR SOCIAL MOBILITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IT IS RECEIVED AND VERIFIED IN ALL ITS PARTS BY THE LEAD ACCOUNTANT. ONCE VERIFIED, IT IS DISCUSSED AND THE CFO ANALYZES IT IN ALL ITS PARTS AND DISCUSSES IT WITH THE CEO. ONCE A MONTH THE CHIEF FINANCIAL OFFICER, PRIOR TO THE MONTHLY MEETING OF THE BOARD OF DIRECTORS, HOLDS A MEETING WITH THE MEMBER OF THE BOARD WHO IS IN CHARGE OF FINANCIAL MATTERS AT WHICH FORM 990 IS DISCUSSED AND ANALYZED IN ALL ITS PARTS. ONCE THE TOPIC HAS BEEN DISCUSSED, IT IS INCLUDED IN THE AGENDA OF THE NEXT BOARD MEETING AT WHICH IT IS DISCUSSED AND IF THERE IS NO OBJECTION IT IS APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AS PART OF THE ONBOARDING OF A NEW BOARD MEMBER OR EMPLOYEE, THEY ARE GIVEN A QUESTIONNAIRE TO CONFIRM THAT THERE IS NO CONFLICT OF INTEREST. THIS SAME QUESTIONNAIRE IS GIVEN TO ALL BOARD MEMBERS AND EMPLOYEES TO BE SUBMITTED ANNUALLY ON OR BEFORE JANUARY 31.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE CHAIRMAN'S CONTRACT IS PREPARED, REVIEWED AND ISSUED BY THE BOARD OF DIRECTORS. THIS CONTRACT, APART FROM COMPENSATION, INCLUDES OTHER MATTERS SUCH AS REIMBURSEMENT OF EXPENSES AND FRINGE BENEFITS. THE CFO IS CLEAR IN HIS WORK THAT ANY CHANGE IN THE CONTRACT TO THE EXECUTIVE DIRECTOR'S SALARY HAS TO COME FROM THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND FORM 990 ARE AVAILABLE TO PUBLIC INSPECTION UPON REQUEST. ONCE A WRITTEN REQUEST IS MADE FOR INSPECTION, COORDINATION IS MADE BETWEEN THE ORGANIZATION AND THE REQUESTING PARTY TO FACILITATE THE INSPECTION PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LOSS IN UNCONSOLIDATED EQUITY SUBSIDIARY -258,342 IMPAIRMENT LOSS ON PROGRAM RELATED PARTNERSHIP INV -50,000 CONTRIBUTION TO B&G CLUB TO OASIS PROJECT -4,670,000 TOTAL -4,978,342
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01322860
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02295961
IRS990/TotalFunctionalExpensesGrp/TotalAmt03950378
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04884631
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IRS990/WebsiteAddressTxt0WWW.IMPACTPR.CO
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EDUARDO CARRERA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07872684504
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PLATFORM FOR SOCIAL IMPACT INC
ReturnHeader/Filer/BusinessNameControlTxt0PLAT
ReturnHeader/Filer/EIN0660963647
ReturnHeader/Filer/PhoneNum07872684504
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 79526
ReturnHeader/Filer/USAddress/CityNm0CAROLINA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PR
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0660388756
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RSM PUERTO RICO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 10528
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN JUAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0009220528
ReturnHeader/PreparerPersonGrp/PhoneNum07877516164
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RAFAEL DE ROJAS SANCHEZ
ReturnHeader/ReturnTs02025-05-14T18:00:14-04:00
ReturnHeader/ReturnTypeCd0990

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