2022 ACT FOUNDATION INC

EIN: 660823462 501(c)(3) Philanthropy & Grantmaking

Dorado, PR

Total Revenue
$2,458,840
Total Expenses
$1,848,402
Total Assets
$2,933,298
Net Assets
$2,870,710
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
PR
Principal Officer
Robb Rill
Phone
7876266500
Tax Period
2023-01-01 to 2023-12-31

2022 ACT FOUNDATION INC, founded in 2014, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $610K, a strong 25% operating margin.

Mission

The organization allocates monetary contributions to charities dealing with different causes like children and human well-being, animal welfare, social care and development, among others. The organization also educates the public about Puerto Rico Acts 20 and 22 of 20 and Act 60 of 2019, as amended.

Program Service Accomplishments

Program 1
Expenses: $325,000 Revenue: $0

Children well-being: Grants to organizations dealing with children and youth well-being, care, and social development. The purpose of these grants was to support organizations whose work plan deals...

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Children well-being: Grants to organizations dealing with children and youth well-being, care, and social development. The purpose of these grants was to support organizations whose work plan deals with addressing spiritual needs, community volunteering, provide shelter, refurbished computers to local schools and disadvantaged communities, supporting libraries that provide learning materials to students from different municipalities of Puerto Rico, scholarships for higher education programs to low-income students, hospice care to children victims of domestic abuse, massive vaccination drive campaigns, and children's hospital facilities.

Program 2
Expenses: $170,000 Revenue: $0

Animal welfare: Grants to nonprofit organizations promoting and safeguarding the welfare of dogs, cats, horses, and the local bee population. The purpose of these grants was to support educational...

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Animal welfare: Grants to nonprofit organizations promoting and safeguarding the welfare of dogs, cats, horses, and the local bee population. The purpose of these grants was to support educational campaigns in those areas, as well as supporting the rescue, care, healing, and adoption of stray dogs and cats, as well as the rehabilitation of horses.

Program 3
Expenses: $655,000 Revenue: $0

Social causes: Grants to nonprofit organizations dealing with domestic abuse awareness, shelter, and rehabilitation of the homeless and the elderly. Programs that support low-income women with sexual...

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Social causes: Grants to nonprofit organizations dealing with domestic abuse awareness, shelter, and rehabilitation of the homeless and the elderly. Programs that support low-income women with sexual and reproductive care and testing. Also to organizations that undertake music healing programs, provide shelter, care, and develop low-income and disadvantaged youth 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 $2,316,206
Program Service Revenue $0
Investment Income $142,634
Other Revenue $0
TOTAL REVENUE $2,458,840

Expense Breakdown

Grants Paid $1,370,000
Salaries & Benefits $65,244
Fundraising Expenses $0
Program Expenses $1,370,000
Other Expenses $413,158
TOTAL EXPENSES $1,848,402

Year-over-Year Comparison

2023 2022 Change
Revenue $2,458,840 $2,063,916 +0.2%
Expenses $1,848,402 $1,947,492 -0.1%
Net Income $610,438 $116,424 +4.2%
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
5
Independent Members
5
Employees
1
Volunteers
4

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
5
$55,033
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Enid Concepcion Secretary 20.00
Officer
$31,339 $23,694 $55,033
Robb Rill President 8
Officer
$0 $0 $0
Robert Bunn Member of Board of Directors 0
Officer
$0 $0 $0
Susan J Blasberg Treasurer 5
Officer
$0 $0 $0
Tara Rill Vice President 0
Officer
$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 $2,458,840 $1,848,402 $2,933,298 $610,438
2022 $2,063,916 $1,947,492 $2,352,321 $116,424
2021 $1,885,458 $1,476,284 $2,266,416 $409,174
2020 $1,725,280 $1,333,539 $1,820,375 $391,741
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