Civic Intelligence

Fundacion Educativa Asore Inc

EIN 66-1006350 • 501(c)3 • Guaynabo, PR

Profile

The purpose of the foundation is to facilitate the training and support the professional development necessary to promote the limitless opportunities offered by the prepared food and hospitality industry, with the vision of being the educational and professional development promoters for the prepared food and hospitality industry in puerto rico.

1498 Ave RooseveltGuaynabo, PR 00968

n/A

Siviq Scores

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

Liabilities / Assets

85th percentile

0.30x

Higher debt load relative to assets than 85% of similar nonprofits.

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

Liabilities / Revenue

91st percentile

0.42x

Higher debt load relative to revenue than 91% of similar nonprofits.

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

Net Margin

92nd percentile

58%

Higher net margin than 92% of similar nonprofits.

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

Top Officer Pay

84th percentile

$6,000

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 7.1% of source-year revenue.

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

Asset Growth

91st percentile

90%

Faster asset growth than 91% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

72nd percentile

20%

Faster revenue growth than 72% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$117,345

Up $55,448 (+90%) from 2023

Liabilities

Up

$35,503

Up $6,256 (+21%) from 2023

Net Assets

Up

$81,842

Up $49,192 (+151%) from 2023

Revenue

Up

$84,146

Up $13,966 (+20%) from 2023

Expenses

Up

$34,954

Up $2,984 (+9.3%) from 2023

Net Income

Up

$49,192

Up $10,982 (+29%) from 2023

Trend Graphs

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2023: $61,897Liabilities 2023: $29,247Net Assets 2023: $32,6502023Assets 2024: $117,345Liabilities 2024: $35,503Net Assets 2024: $81,8422024

Highlighted filing

2024

Assets$117,345
Liabilities$35,503
Net Assets$81,842

Operations Trend

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

$100K$50K$0Revenue 2023: $70,180Expenses 2023: $31,970Net Income 2023: $38,2102023Revenue 2024: $84,146Expenses 2024: $34,954Net Income 2024: $49,1922024

Highlighted filing

2024

Revenue$84,146
Expenses$34,954
Net Income$49,192

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 15, 2025
Return Version
2024v5.0
Gross Receipts
$149,297
Mission and Program Overview

Mission

The purpose of the foundation is to facilitate the training and support the professional development necessary to promote the limitless opportunities offered by the prepared food and hospitality industry, with the vision of being the educational and professional development promoters for the prepared food and hospitality industry in puerto rico.

Program Services

DescriptionGrantsExpenses
PROSTART IS A TWO-YEAR CULINARY ARTS AND RESTAURANT MANAGEMENT PROGRAM FOR HIGH SCHOOL STUDENTS THAT IS IN THE PROCESS OF BEING DEVELOPED AND PLANNED TO BE IMPLEMENTED.--
APPRENTICESHIP IS A PROGRAM THAT PROVIDES RESTAURANT OWNERS WITH TOOLS TO DEVELOP THEIR EMPLOYEES TO GENERATE A WORKFORCE THAT HAS THE SKILLS, ABILITIES AND CAPABILITIES ALIGNED WITH THE EVOLUTION OF THE COMPANY. THIS PROGRAM IS ALSO IN THE PROCESS OF DEVELOPING AND PLANNING TO BE IMPLEMENTED.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
GERMAN G LEBRON SAGARDIAExecutive DiPT$6,000-$6,000
HECTOR A PEREZFinance DirePT$0--
JUAN M CIDRE GARCIAPresidentPT$0--
SONIA E NAVARRO GONZALEZVice-PresidePT$0--
RAFAEL MENENDEZ FUENTESTreasurerPT$0--
ANA FIGUEROA LORENZOSecretaryPT$0--
JEAN PIERRE MUJICADirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tour$106,700$106,700$54,198$52,502
Fine Dinner Eve$15,220$15,220$10,953$4,267
Total Events$121,920$121,920$65,151$56,769
Filing and Contact Details

Filer

Filer Name
Fundacion Educativa Asore Inc
EIN
66-1006350
Phone
7877839640
Address
1498 AVE ROOSEVELT, GUAYNABO, PR 00968

Signing Officer

Name
Hector a Perez
Title
Finance Director
Phone
7877839640
Signed
2025-05-15

Preparer

Firm
Galindez LLC
Address
PO BOX 364152, SAN JUAN, PR 00936-4152
Preparer
Yelitza Net-ferrer
Phone
7877254545
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Other income 3,130 total 3,130

Form 990-ez, Part I, Line 16

Expenses 4,137 bank charges 2,669 total 6,806

Form 990-ez, Part II, Line 24

Accounts receivable 5,000 19,790 other loans receivable 5,858 42,336 prepaid expenses and deferred charges 3,009 3,385 total 13,867 65,511

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 13,703 9,781 other liabilities 15,544 25,722

Form 990-ez, Part III

The purpose of the foundation is to facilitate the training and support the professional development necessary to promote the limitless opportunities offered by the prepared food and hospitality industry, with the vision of being the educational and professional development promoters for the prepared food and hospitality industry in puerto rico.

Form 990-ez, Part III, Line 29

Apprenticeship is a program that provides restaurant owners with tools to develop their employees to generate a workforce that has the skills, abilities and capabilities aligned with the evolution of the company. This program is also in the process of developing and planning to be implemented.

Raw XML Appendix156 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER INCOME 3,130 TOTAL 3,130
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES 4,137 BANK CHARGES 2,669 TOTAL 6,806
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS RECEIVABLE 5,000 19,790 OTHER LOANS RECEIVABLE 5,858 42,336 PREPAID EXPENSES AND DEFERRED CHARGES 3,009 3,385 TOTAL 13,867 65,511
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 13,703 9,781 OTHER LIABILITIES 15,544 25,722
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PURPOSE OF THE FOUNDATION IS TO FACILITATE THE TRAINING AND SUPPORT THE PROFESSIONAL DEVELOPMENT NECESSARY TO PROMOTE THE LIMITLESS OPPORTUNITIES OFFERED BY THE PREPARED FOOD AND HOSPITALITY INDUSTRY, WITH THE VISION OF BEING THE EDUCATIONAL AND PROFESSIONAL DEVELOPMENT PROMOTERS FOR THE PREPARED FOOD AND HOSPITALITY INDUSTRY IN PUERTO RICO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5APPRENTICESHIP IS A PROGRAM THAT PROVIDES RESTAURANT OWNERS WITH TOOLS TO DEVELOP THEIR EMPLOYEES TO GENERATE A WORKFORCE THAT HAS THE SKILLS, ABILITIES AND CAPABILITIES ALIGNED WITH THE EVOLUTION OF THE COMPANY. THIS PROGRAM IS ALSO IN THE PROCESS OF DEVELOPING AND PLANNING TO BE IMPLEMENTED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 29
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0HECTOR A PEREZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FINANCE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07877839640
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FUNDACION EDUCATIVA ASORE INC
ReturnHeader/Filer/BusinessNameControlTxt0FUND
ReturnHeader/Filer/EIN0661006350
ReturnHeader/Filer/PhoneNum07877839640
ReturnHeader/Filer/USAddress/AddressLine1Txt01498 AVE ROOSEVELT
ReturnHeader/Filer/USAddress/CityNm0GUAYNABO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PR
ReturnHeader/Filer/USAddress/ZIPCd000968
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0660703468
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GALINDEZ LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 364152
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN JUAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0009364152
ReturnHeader/PreparerPersonGrp/PhoneNum07877254545
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0YELITZA NET-FERRER
ReturnHeader/ReturnTs02025-05-13T17:18:08-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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