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Sociedad Espaola De Auxilio Mutuo Y Beneficencia De Puerto Rico

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 660178704 ✦ San juan, PR ✦ Designated as a 501(c)(3)

Overview

What is Sociedad Espaola De Auxilio Mutuo Y Beneficencia De Puerto Rico?

Sociedad Espaola De Auxilio Mutuo Y Beneficencia De Puerto Rico, also known as the Company, is a nonprofit organization based in Puerto Rico. Previously filing as a 501 (C) (3) organization, it underwent a change in 1992 to continue providing hospital and healthcare services. The new organization reported this change to the Internal Revenue Service (IRS), who confirmed that no new tax exemption application was required. The Company owns the real property and transfers funds for use in a manner consistent with the exemption. They administer a health plan, open to individuals in the community, granting them membership and the right to receive hospital and healthcare services at the Company's facilities. As of the information provided, they employ 18 people.


Is Sociedad Espaola De Auxilio Mutuo Y Beneficencia De Puerto Rico legitimate?

Sociedad Espaola De Auxilio Mutuo Y Beneficencia De Puerto Rico is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sociedad Espaola De Auxilio Mutuo Y Beneficencia De Puerto Rico submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $909,703

For more financial information, click here


What is the mission statement of Sociedad Espaola De Auxilio Mutuo Y Beneficencia De Puerto Rico?
Who is the CEO of Sociedad Espaola De Auxilio Mutuo Y Beneficencia De Puerto Rico?
What is the revenue of Sociedad Espaola De Auxilio Mutuo Y Beneficencia De Puerto Rico?
Who are the executives of Sociedad Espaola De Auxilio Mutuo Y Beneficencia De Puerto Rico and what are their salaries?

The average compensation at Sociedad Espaola De Auxilio Mutuo Y Beneficencia De Puerto Rico during 2022 was $50,539. There are 18 employees at Sociedad Espaola De Auxilio Mutuo Y Beneficencia De Puerto Rico.

Here are 28 key members and their salaries:


Where can I find the form 990 for Sociedad Espaola De Auxilio Mutuo Y Beneficencia De Puerto Rico?

Mission Statement of Sociedad Espaola De Auxilio Mutuo Y Beneficencia De Puerto Rico

Sociedad Espaola De Auxilio Mutuo Y Beneficencia De Puerto Rico, also known as The Company, is a nonprofit organization that has been dedicated to providing hospital and healthcare services to the community. As of April 29, 1992, a new nonprofit entity was created to continue this mission, reporting this change to the Internal Revenue Service on August 20, 1992.

The organization became a controlling affiliate, owning the real property and transferring funds for use in a manner consistent with its tax-exempt status. The IRS confirmed that The Company was not required to file a new application for tax exemption as a title holding corporation. In addition to this, The Company administers a health plan, granting community members the opportunity to become members and access hospital and healthcare services at the organization's facilities.

The mission of Sociedad Espaola De Auxilio Mutuo Y Beneficencia De Puerto Rico can be paraphrased as follows: With the creation of a new nonprofit organization on April 29, 1992, The Company continues to provide essential hospital and healthcare services to the community under the tax-exempt status. As a controlling affiliate, it owns the real property and manages funds for the provision of these services. The organization's health plan enables community members to join and receive healthcare services at the facilities.

Impact

This information is meant to be a general summary of Sociedad Espaola De Auxilio Mutuo Y Beneficencia De Puerto Rico. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Sociedad Española de Auxilio Mutuo y Beneficencia de Puerto Rico's impact can be seen through its provision of hospital and health care services to the community, as well as the administration of a health plan that allows individuals to access these services. With a focus on supporting the health and well-being of its members, the organization plays a crucial role in ensuring access to essential medical care, thereby contributing to the overall health of the population it serves. Through its nonprofit activities, Sociedad Española de Auxilio Mutuo y Beneficencia de Puerto Rico positively impacts the lives of individuals by providing vital healthcare services and promoting wellness within the community.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $376,371
  • Program Service Revenue: $40,738,073
  • Gross Receipts: $41,635,259

    • Assets and Liabilities:
  • Total Assets: $221,119,442
  • Total Liabilities: $75,554,707
  • Net Assets: $145,564,735
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    MEMBERSHIP DUES

    Revenue

    $28,059,823

    RENT

    Revenue

    $12,678,250

    Organization Details

    Founding Year

    1901

    Principal Officer

    Jorge L Matta Serrano

    Main Address

    PO BOX 191227 RM/STE 191227, SAN JUAN, PR, 009191227

    NTEE Category

    Code: E22 - Health

    If you are a representative of Sociedad Espaola De Auxilio Mutuo Y Beneficencia De Puerto Rico and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.