THE LUIS A FERRE FOUNDATION INC

EIN: 660235625 501(c)(3) Arts, Culture & Humanities

SAN JUAN, PR

Total Revenue
$16,200,639
Total Expenses
$6,861,399
Total Assets
$52,707,348
Net Assets
$48,323,523
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
PR
Principal Officer
MARIA LUISA FERRE RANGEL
Phone
7876418070
Tax Period
2024-07-01 to 2025-06-30

THE LUIS A FERRE FOUNDATION INC, founded in 1956, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $16.2M in total revenue in fiscal year 2024. Revenue surged 209% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.3M, a strong 58% operating margin.

Mission

THE PRINCIPAL PURPOSE OF THE LUIS A. FERRE FOUNDATION, INC. (LAAF) IS TO OPERATE, MAINTAIN, CONSERVE, AND EXHIBIT ITS COLLECTION OF ART AT THE MUSEO DE ARTE DE PONCE (MAP), A MUSEUM IN PUERTO RICO ACCREDITED BY THE AMERICAN ALLIANCE OF MUSEUMS. LAFF OWNS ONE OF THE FINEST AND MOST IMPORTANT COLLECTIONS OF EUROPEAN ART IN THE WESTERN HEMISPHERE. MUSEO DE ARTE DE PONCE CONNECTS THE COMMUNITY WITH THE RICHNESS OF THE WESTERN ART AND ITS MAKERS, FROM THE FOURTEENTH CENTURY TO THE PRESENT. IT INVITES DISCOVERY, STIMULATES CURIOSITY AND FOSTERS DIALOGUE. AS PART OF ITS OBJECTIVES, IT SEEKS TO PROMOTE APPRECIATION OF ART, OFFERS EDUCATIONAL AND RECREATIONAL RESOURCES, AND ESTABLISHES TIES WITH DISADVANTAGED COMMUNITIES IN PUERTO RICO.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $15,403,443
Program Service Revenue $32,896
Investment Income $529,024
Other Revenue $235,276
TOTAL REVENUE $16,200,639

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,268,923
Fundraising Expenses $1,612,171
Program Expenses $2,521,019
Other Expenses $4,426,471
TOTAL EXPENSES $6,861,399

Year-over-Year Comparison

2024 2023 Change
Revenue $16,200,639 $5,238,848 +2.1%
Expenses $6,861,399 $5,711,842 +0.2%
Net Income $9,339,240 $-472,994 -20.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
29
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIA LUISA FERRE RANGEL PRESIDENT & N/A
Officer Director
$0 $0 $0
ANTONIO LUIS FERRE RANGEL TRUSTEE N/A
Director
$0 $0 $0
RAFAEL COX ALOMAR TRUSTEE N/A
Director
$0 $0 $0
LUIS TRIGO FERRE TRUSTEE N/A
Director
$0 $0 $0
JAIME FONALLEDAS TRUSTEE N/A
Director
$0 $0 $0
SALOM GALIB TRUSTEE N/A
Director
$0 $0 $0
NICHOLAS PROUTY TRUSTEE N/A
Director
$0 $0 $0
ANAYMIR MUOZ GRAJALES TRUSTEE N/A
Director
$0 $0 $0
RICHARD CARRION MATIENZO TRUSTEE N/A
Director
$0 $0 $0
WALTER KEENAN TRUSTEE N/A
Director
$0 $0 $0
ALBERTO BAC TRUSTEE N/A
Director
$0 $0 $0
PEDRO BUSO GARCIA SECRETARY N/A
Officer
$0 $0 $0
CARLOS G MARTINEZ RIVERA TREASURER N/A
Officer
$0 $0 $0
MARCOS MONTERO ASSOCIATE DE N/A
Highest
$145,122 $0 $145,122
RUBI RODRIGUEZ BUSTILLO DEPUTY DIREC N/A
Highest
$225,857 $0 $225,857
HECTOR GUILLERMO MARTINEZ TRUSTEE N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $16,200,639 $6,861,399 $52,707,348 $9,339,240
2024 No data No data No data No data
2023 $4,898,282 $6,063,560 $41,995,375 $-1,165,278
2022 $6,290,339 $5,149,913 $43,330,200 $1,140,426
2021 $3,960,485 $8,216,282 $45,932,635 $-4,255,797
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