Fundacion Dr Carlos Lopez Somolinos Inc
Donations deductibleRevenue
$252k
year to 31 December 2025
Expenses
$135k
year to 31 December 2025
Total assets
$847k
$10k liabilities
Net assets
$838k
assets less liabilities
Directors and trustees
4
5.4 years on average
Staff
0
9 volunteers
Left since last filing
0
no seats appear to have opened
Officers and senior staff
4
named in Part VII
Fundacion Dr Carlos Lopez Somolinos Inc's network
4 peoplei4 people on this map.The large node is the subject of this page. Solid lines are what the register itself records (4). Form 990 filings give names without a person identifier; SEC insider filings carry a CIK.The board
4 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 9 voting members of its governing body on its latest Form 990 Part VI; we list 4 in Part VII (Part VII does not always name every voting member).| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Hector Nater | Vice-President | 2021 | 5 yrs |
| Karen Scalley | Company secretary | 2021 | 5 yrs |
| Luis A Ocasio | President | 2021 | 5 yrs |
| Sylvette Nater | Treasurer | 2021 | 5 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
4 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Hector Nater | Vice-President | since 2023 |
| Karen Scalley | Company secretary | since 2023 |
| Luis A Ocasio | President | since 2023 |
| Sylvette Nater | Treasurer | since 2023 |
Pay and hours
year to 31 December 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Luis A Ocasio | President | 4 | $0 | ||
| Hector Nater | Vice President | 4 | $0 | ||
| Sylvette Nater | Treasurer | 4 | $0 | ||
| Karen Scalley | Secretary | 6 | $0 |
No pay was reported for anyone in Part VII on this return.
About
- Legal name
- Fundacion Dr Carlos Lopez Somolinos Inc
- EIN
- 660727301
- Address
- PMB 330-425, Dorado, PR, 00646
- State
- Puerto Rico
- Mission
- The organization mission is grant student scholarship to children with socioeconomic needs. Actually the organization gives the benefit to 22 students during the academic year of 2025. The primary revenue sources come from private donations in puerto rico. (as filed on the Form 990)
- Activity (NTEE)
- B82 Education
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Education
- Size band
- 5 (IRS master file code)
- Formed
- 2009
- Principal officer
- Luis A Ocasio Rivera (as named on the Form 990)
- IRS ruling date
- 1 August 2013
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 2, latest 2022
- IRS Publication 78
- PC (contributions deductible)
Most connected
Longest observed on the filings
≥5years on the filingsHector Nater
≥5years on the filingsKaren Scalley
≥5years on the filingsLuis A Ocasio
≥5years on the filingsSylvette Nater
Latest return
year to 31 December 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2025. US dollars, as filed.- Total assets
- $847k
- Total liabilities
- $10k
- Net assets or fund balances
- $838k
- Contributions and grants received
- $162k
- Program service revenue
- $51k
- Grants and similar paid out
- $51k
- Employees
- 0
- Volunteers
- 9
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $229k | $138k | $91k |
As filed on the IRS Form 990. US dollars.
Grants paid
9 listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.| Recipient | Purpose | Amount |
|---|---|---|
| Colegio San Vicente de Paul | To pay tuition | $16k |
| Colegio Nuestra Senora de la Providencia | To pay tuition | $9k |
| Kingdom Academy | To pay tuition | $9k |
| Instituto Desarrollo del Nino | To pay tuition | $7k |
| Colegio Bautista de Carolina | To pay tuition | $3k |
| Rajohnyari Academy | To pay tuition | $3k |
| New Generation School | To pay tuition | $2k |
| Colegio Lourdes | To pay tuition | $2k |
| Academia Cristo Rey | To pay tuition | $1k |