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Puerto Rico · Nonprofit

ASOCIACION FOMENTO EDUCATIVO INC

ASOCIACION FOMENTO EDUCATIVO INC (Puerto Rico) receives grants from 1 organization whose IRS filings report $194,035 to it, the largest being WOODLAWN FOUNDATION ($194,035). 0 of them have funded it in more than one year.

Revenue FY2024
$799k
Funders on record
1
Grants received
$194k
Net assets
$8.2M
0/1 repeat funders
01What it does

What Asociacion Fomento Educativo Inc does

Mission

Afe has among its purposes to foster and facilitate the development of individuals through lectures and seminars leadership programs for students and social activities for the indigent etc.

As stated on its FY2024 Form 990.

Programs

  1. Puertorreal university residence provides rooms and board in a family like atmosphere to university students. It has study halls meeting rooms and offers conferences seminars etc. It also holds activities for young professionals to help them in the transition from college to the professional world. Social help activities for low income people.

    $212,651 spent$152,994 earned by the program
    24% of program spending
  2. Guilarte study center in geared to professionals and students to improve the achievements through study skills courses tutoring programs seminars conferences etc.

    $28,950 spent$17,041 earned by the program
    3% of program spending
  3. Guaymar is a family residence for professionals who provide courses of ethics workshops conferences of family life work spirit of service and create social and enviroment awareness.

    $190,625 spent$201,201 earned by the program
    22% of program spending
  4. Crisoles Womens Center

    $114,825 spent$34,531 earned by the program
    13% of program spending
  5. Educational Development Fund

    $322,022 spentof which $140,483 as grants$393,397 earned by the program
    37% of program spending

The 5 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $869,073.

02The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended.

100 = 20202020 Revenue 100 ($908k) Expenses 100 ($1.0M) Net assets 100 ($8.3M)2021 Revenue 140 ($1.3M) Expenses 105 ($1.1M) Net assets 103 ($8.5M)2022 Revenue 107 ($967k) Expenses 104 ($1.1M) Net assets 102 ($8.4M)2023 Revenue 126 ($1.1M) Expenses 122 ($1.2M) Net assets 101 ($8.3M)2024 Revenue 88 ($799k) Expenses 91 ($914k) Net assets 99 ($8.2M)
20202021202220232024
Revenue (88)Expenses (91)Net assets (99)

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $10M to $9.7M (−5%).

$11M
$10M
$9.7M
$9.3M
$9.0M
20202021202220232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 5 reported years ran a deficit.

−$98k
’20
$222k
’21
−$84k
’22
−$86k
’23
−$115k
’24
8.0
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Luis J Torres

Executive Director-Treasurer

As listed on its FY2024 Form 990.

The chief executive listed changed between the FY2023 and FY2024 filings.

20202021202220232024
Listed1111111212
Joined·+0+0+4+1
No longer listed·0031
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Funder
'19
total
$194k
funders
1

From the IRS filings of ASOCIACION FOMENTO EDUCATIVO INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

ASOCIACION FOMENTO EDUCATIVO INC draws 100% of its grant income from funders outside Puerto Rico, across 1 state in all.

NY

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Organizations like ASOCIACION FOMENTO EDUCATIVO INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Puerto Rico

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

95% of spending goes to programs.

Program 95%Management 5%Fundraising 0%

Governance

11
board members
100%
independent
–Conflict-of-interest policy–Whistleblower policy–Document retention–Board reviewed the 990✓Audited financials

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Screen this organization

A dated, signed PDF of the compliance screen for ASOCIACION FOMENTO EDUCATIVO INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds ASOCIACION FOMENTO EDUCATIVO INC?
ASOCIACION FOMENTO EDUCATIVO INC (Puerto Rico) receives grants from 1 organization whose IRS filings report $194,035 to it, the largest being WOODLAWN FOUNDATION ($194,035). 0 of them have funded it in more than one year.
How many funders does ASOCIACION FOMENTO EDUCATIVO INC have?
IRS filings report 1 organization giving $194,035 in grants to ASOCIACION FOMENTO EDUCATIVO INC.
Who is the largest funder of ASOCIACION FOMENTO EDUCATIVO INC?
WOODLAWN FOUNDATION is the largest funder on record, with $194,035 in grants. The full list of funders is on this page.
How can an organization like ASOCIACION FOMENTO EDUCATIVO INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Puerto Rico. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2020–2024), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing