CENTRO DE PERIODISMO INVESTIGATIVO INC

EIN: 660705065 501(c)(3) Arts, Culture & Humanities

San Juan, PR

Total Revenue
$2,509,176
Total Expenses
$1,942,786
Total Assets
$2,651,307
Net Assets
$2,590,661
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
PR
Tax Period
2023-01-01 to 2023-12-31

CENTRO DE PERIODISMO INVESTIGATIVO INC, founded in 2007, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.5M in total revenue in fiscal year 2023. The organization ran a surplus of $566K, a strong 23% operating margin.

Mission

Be an instrument to produce, promote and defend investigative journalism and the publics right to access information.

Program Service Accomplishments

Program 1
Expenses: $889,832

JOURNALISM: CPIs journalism work has been significant in the production, promotion, and defense of investigative journalism in Puerto Rico and across the Americas. Our efforts have contributed to...

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JOURNALISM: CPIs journalism work has been significant in the production, promotion, and defense of investigative journalism in Puerto Rico and across the Americas. Our efforts have contributed to holding those in power accountable. As a strategy to achieve our objectives, we join forces with media partners in Puerto Rico, the U.S. mainland, and with journalists in the Caribbean. In 2023 reporting continued in health, economy, education, housing, climate and environmental stories, which addressed issues impacting our communities daily lives. During 2023 our publications increased and our reach grew. We retained a partnership with Telemundo/Rayos X, this allows us to participate in TV every week. We also maintained our gender issues unit as well as our public education unit. Our DE CERCA podcast had over 1,100 download and expanded reach through partners such as Radio Universidad, Radio Isla and Radio Raices, who retransmitted the episodes.

Program 2
Expenses: $301,435

TRAINING INSTITUTE: The institute offers professional education to journalism students and professionals in investigative journalism. The program also provides mentorship and fellowship. The...

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TRAINING INSTITUTE: The institute offers professional education to journalism students and professionals in investigative journalism. The program also provides mentorship and fellowship. The institute membership grew to 101 members in 2023. Also, we trained community young people in media literacy and citizen journalism.

Program 3
Expenses: $116,707

TRANSPARENCY AND LITIGATION: Our Transparency program advances our mission of providing access to information and transparency intended to have more knowledgeable citizens capable of holding the...

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TRANSPARENCY AND LITIGATION: Our Transparency program advances our mission of providing access to information and transparency intended to have more knowledgeable citizens capable of holding the powerful accountable. The Tranparency team works with the support of the Legal Clinic of the Inter-American University School of Law, including litigation when necessary. In 2023 we retained an Equal Justice Fellow lawyer to do in house legal research, advisory on strategic litigation cases, community outreach, and give workshops on access to information. Additionally, our team published some helpful resources such as a guide to request public information to municipalities and agencies. New cases were filed to increase transparency across agencies and municipalities 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 (2023)

Revenue Breakdown

Contributions & Grants $2,502,781
Program Service Revenue $0
Investment Income $6,395
Other Revenue $0
TOTAL REVENUE $2,509,176

Expense Breakdown

Grants Paid $0
Salaries & Benefits $976,965
Fundraising Expenses $251,216
Program Expenses $1,307,974
Other Expenses $965,821
TOTAL EXPENSES $1,942,786

Year-over-Year Comparison

2023 2022 Change
Revenue $2,509,176 N/A N/A
Expenses $1,942,786 N/A N/A
Net Income $566,390 N/A N/A
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
19
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
2
$73,356
Total Directors
7
$0
Key Employees
1
$82,911
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carla Santos Executive Director 37.50
Key Emp
$82,911 $0 $82,911
Omaya Sosa Founder Member 35.00
Officer
$61,356 $0 $61,356
Oscar Serrano Founder Member 5.00
Officer
$12,000 $0 $12,000
Patricia Gutierrez Vocales 1.00
Director
$0 $0 $0
Efren Rivera Vocales 2.00
Director
$0 $0 $0
Janice Petrovitch Vocales 1.00
Director
$0 $0 $0
Carlos Ramos Secretary 3.00
Director
$0 $0 $0
Carlos Rodriguez President 3.00
Director
$0 $0 $0
Luis Guardiola Vice President 1.00
Director
$0 $0 $0
Judith Berkan Treasurer 10.00
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
2024 No data No data No data No data
2023 $2,509,176 $1,942,786 $2,651,307 $566,390
2022 $1,404,170 $1,675,612 $1,961,007 $-271,442
2021 $1,371,527 $1,434,276 $2,084,261 $-62,749
2020 $2,077,424 $1,199,953 $2,116,988 $877,471
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