Bellas Artes de Caguas Corp

EIN: 660637108 501(c)(3) Arts, Culture & Humanities

Caguas, PR

Total Revenue
$1,538,238
Total Expenses
$1,469,074
Total Assets
$2,269,352
Net Assets
$2,027,496
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
PR
Principal Officer
IVONNE CLASS
Phone
7876535323
Tax Period
2022-07-01 to 2023-06-30

Bellas Artes de Caguas Corp, founded in 2003, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2022. Revenue decreased 16% compared to the prior year. Expenses of $1.5M left a modest 4% surplus.

Mission

Promote the participation and collaboration of educational institutions, private entities and government entities in order to obtain the most extensive and effective cultural and tourist development of the mid-eastern region of Puerto Rico; to carry out, promote and collaborate with all acts and activities that exalt the values and artistic components of the Puerto Rican culture; and to develop an artistic expression that identifies the Municipality of Caguas and improves the quality of life of its citizens and all of 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 (2022)

Revenue Breakdown

Contributions & Grants $199,566
Program Service Revenue $1,063,510
Investment Income $125
Other Revenue $275,037
TOTAL REVENUE $1,538,238

Expense Breakdown

Grants Paid $0
Salaries & Benefits $367,109
Fundraising Expenses $0
Program Expenses $1,246,441
Other Expenses $1,101,965
TOTAL EXPENSES $1,469,074

Year-over-Year Comparison

2022 2021 Change
Revenue $1,538,238 $1,831,895 -0.2%
Expenses $1,469,074 $1,269,882 +0.2%
Net Income $69,164 $562,013 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
13
Independent Members
13
Employees
8
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
1
$126,000
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William Miranda Torres President 1.00
Director
$0 $0 $0
Lydia Rivera Denizard Vice-President 1.00
Director
$0 $0 $0
Carlos Bonilla Treasurer 1.00
Director
$0 $0 $0
Zoila Levis Secretary 1.00
Director
$0 $0 $0
Hector J Torres Colon Director 1.00
Director
$0 $0 $0
Linda Hernandez Director 1.00
Director
$0 $0 $0
Carlos Gonzalez Morales Director 1.00
Director
$0 $0 $0
Jose Mellado Director 1.00
Director
$0 $0 $0
Zabdiel Hernandez Director 1.00
Director
$0 $0 $0
Isaac Esquilin Director 1.00
Director
$0 $0 $0
Raul Rodriguez Director 1.00
Director
$0 $0 $0
Carmen Munoz Director 1.00
Director
$0 $0 $0
Angie Frias Director 1.00
Director
$0 $0 $0
Ivonne Class Executive Director 40.00
Officer
$126,000 $0 $126,000
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 No data No data No data No data
2024 No data No data No data No data
2024 No data No data No data No data
2023 $1,538,238 $1,469,074 $2,269,352 $69,164
2022 $1,831,895 $1,269,882 $2,342,862 $562,013
2021 $338,025 $776,788 $1,915,067 $-438,763
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