Public Charity

Fundacion Luis G Fortuno Inc

Based in San Juan, PR, Fundacion Luis G Fortuno Inc operates as a Public Charity. The organization reported $1.4M in revenue, $1.3M in expenses, $486K in total assets for fiscal year 2024. Imperigo tracks 9 reported grant relationships connected to this organization totaling approximately $187K.

EIN: 660831873 San Juan, PR Alliances & Advocacy NTEE: S01 Latest filing: 2024
Total Revenue$1.4M
Total Expenses$1.3M
Total Assets$486K
Grant Records9
Funding Total$187K
Filing Years2019–2024

Mission

The organizations mission is to cultivate free market solutions that foster self-reliance, economic growth and social well-being in Puerto Rico.Foundations programs are focused on three key areas:1)improving the ease of doing business; 2)reducing generationalpoverty;and 3)increasing entrepreneurship.

Where $100 goes at Fundacion Luis G Fortuno Inc

How Fundacion Luis G Fortuno Inc divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.

$75 Programs the work itself
$19 Management running the organization
$6 Fundraising raising the next dollar

Inside the $75 for programs

$41
The Foundations largest program is LEMONADE DAY, a youth entrepreneurship education program that teaches children ages 6-12 how to plan and operate their own business using the lemonade…
54% of program spending · Reported in the filing: 2,251 kids; 725 mentors; 25 schools
$19
PORTRAITS OF PROSPERITY is a photography contest and exhibit for high school and university students that aims to educate them on the value of entrepreneurship in their communities…
26% of program spending · Reported in the filing: 100 participants
$5
CRECE en tu Municipio is an intensive training program for loca public employees
7% of program spending

Plus 13 more programs. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Director Federico Stubbe Jr
Director Gustavo Velez
Director Javier Vazquez
Director Jorge San Miguel
Director Jose Vazquez
Director Kenneth W Mcgrath

Officer compensation and complete director data available with membership.

Top Grant Purposes

Education
$150,775 5 grants
General Support
$36,000 4 grants

Financial Trends

Year Revenue Expenses Assets
2024 $1.4M $1.3M $486K
2023 $899K $788K $429K
2022 $569K $608K $319K
2021 $802K $576K $312K
2019 $231K $161K $119K

Between 2019 and 2024, reported annual revenue grew from $231K to $1.4M (+490%), with total assets most recently reported at $486K.

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

See the full picture for Fundacion Luis G Fortuno Inc

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