Public Charity

Promesa Foundation Inc

Based in Bronx, NY, Promesa Foundation Inc operates as a Public Charity. The organization reported $2.9M in revenue, $2.4M in expenses, $28.9M in total assets for fiscal year 2024. Imperigo tracks 6 reported grant relationships connected to this organization totaling approximately $97K.

EIN: 133411787 Bronx, NY Latest filing: 2024
Total Revenue$2.9M
Total Expenses$2.4M
Total Assets$28.9M
Grant Records6
Funding Total$97K
Filing Years2019–2024

Mission

PROMESA FOUNDATION, INC. WAS CREATED AS A DEVELOPMENT ARM FOR THE ENTIRE ACACIA NETWORK ORGANIZATION. THE FOUNDATION WORKS TO RAISE FUNDS FOR ACACIA NETWORK'S MANY OPERATING PROGRAMS. THE GOAL OF THE FOUNDATION IS TO DEVELOP STREAMS OF FUNDING AND PARTNERSHIPS WITH THE CORPORATE SECTOR TO SUPPORT AND EXPAND ITS OPERATIONS. THE MUTUAL PURPOSE OF ACACIA NETWORK IS TO BE A LEADER IN THE HEALTH AND HUMAN SERVICES ARENA BY PROVIDING AN ARRAY OF SERVICES IN HEALTH, EDUCATION, EMPLOYMENT, ECONOMIC AND COMMUNITY DEVELOPMENT, AND HOUSING ACTIVITIES.

Sample Grants Received

2023
SPONSORSHIP ACACIA NETWORK GALA
$5,500
2020
PPE, FOOD, HOUSING AND EMERGENCY AID ASSISTANCE
$50,000
2020
For grant recipient's exempt purposes
$17,000
2017
SPONSORSHIP ACACIA NETWORK 2017 ANNUAL GALA
$12,000
2017
GENERAL SUPPORT
$7,107

Showing up to 5 of 6 total records — full history available with membership.

Officers & Directors

Treasurer Aileen Perez
BOARD MEMBER Arnie Segarra
SECRETARY Federico Perez
CHAIR Gilbert Hernandez
Chief legal officer/Exec. VP Jose A Rodriguez
Chief Executive Officer Lymaris Albors

Officer compensation and complete director data available with membership.

Top Grant Purposes

PPE, FOOD, HOUSING AND EMERGENCY AID ASSISTANCE
$50,000 1 grant
For grant recipient's exempt purposes
$17,000 1 grant
GENERAL SUPPORT
$12,607 2 grants
SPONSORSHIP ACACIA NETWORK 2017 ANNUAL GALA
$12,000 1 grant
SPONSORSHIP ACACIA NETWORK GALA
$5,500 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $2.9M $2.4M $28.9M
2023 $3.2M $3.2M $28.1M
2022 $3.5M $2.7M $28.3M
2020 $1.6M $2.5M $25.0M
2019 $4.3M $2.6M $25.9M

Between 2019 and 2024, reported annual revenue declined from $4.3M to $2.9M (-32%), with total assets most recently reported at $28.9M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for Promesa Foundation Inc

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