Fundacion Cortes Inc
Donations deductibleRevenue
$688k
year to 31 December 2024
Expenses
$754k
year to 31 December 2024
Total assets
$188k
$189k liabilities
Net assets
Minus $1k
assets less liabilities
Directors and trustees
5
5.6 years on average
Staff
11
5 volunteers
Left since last filing
0
no seats appear to have opened
Officers and senior staff
2
named in Part VII
Fundacion Cortes Inc's network
5 peoplei5 people on this map.The large node is the subject of this page. Solid lines are what the register itself records (5). Form 990 filings give names without a person identifier; SEC insider filings carry a CIK.The board
5 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 6 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Adlin Rios Rigau | Director | 2020 | 6 yrs |
| Alberto Baco Bague | Director | 2021 | 5 yrs |
| Eva Diaz Acevedo | Director | 2021 | 5 yrs |
| Javier Cortes Gonzalez | Director | 2021 | 5 yrs |
| Soraya Rodriguez Vazquez | Director | 2021 | 5 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
2 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 |
|---|---|---|
| Elaine Shehab | Company secretary | since 2020 |
| Ignacio Cortes-Gelpi | President & Treasurer | since 2020 |
Pay and hours
year to 31 December 2024iFrom 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 |
|---|---|---|---|---|---|
| Ignacio Cortes-Gelpi | President & Treasurer | 4 | $0 | ||
| Elaine Shehab | Secretary | 4 | $0 | ||
| Eva Diaz Acevedo | Director | 1 | $0 | ||
| Javier Cortes Gonzalez | Director | 1 | $0 | ||
| Adlin Rios Rigau | Director | 1 | $0 | ||
| Alberto Baco Bague | Director | 1 | $0 | ||
| Soraya Rodriguez Vazquez | Director | 1 | $0 |
No pay was reported for anyone in Part VII on this return.
About
- Legal name
- Fundacion Cortes Inc
- EIN
- 660804845
- Address
- Po Box 363626, San Juan, PR, 00936-3626
- State
- Puerto Rico
- Mission
- Promote educational and artistic activities (as filed on the Form 990)
- Activity (NTEE)
- T50 Philanthropy, voluntary services and grantmaking
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Philanthropy, Voluntarism & Grantmaking Foundations
- Size band
- 4 (IRS master file code)
- Formed
- 2013
- Principal officer
- Ignacio Cortes (as named on the Form 990)
- IRS ruling date
- 1 September 2015
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 5, latest 2024
- IRS Publication 78
- PC (contributions deductible)
Most connected
Longest observed on the filings
≥6years on the filingsAdlin Rios Rigau
≥5years on the filingsAlberto Baco Bague
≥5years on the filingsEva Diaz Acevedo
≥5years on the filingsJavier Cortes Gonzalez
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $188k
- Total liabilities
- $189k
- Net assets or fund balances
- Minus $1k
- Contributions and grants received
- $688k
- Program service revenue
- $0
- Employees
- 11
- Volunteers
- 5
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 | $688k | $754k | Deficit $66k |
As filed on the IRS Form 990. US dollars.