Instituto Socio-Economico Comunitario Inc

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

EIN: 660425840 ✦ Designated as a 501(c)(3)

Overview

What is Instituto Socio-Economico Comunitario Inc?

Instituto Socio-Economico Comunitario Inc, a Puerto Rican nonprofit based in San Juan, focuses on combating poverty among individuals, families, and low-income communities through integrated services. They offer on-the-job training, emergency assistance, community development, and economic development programs. Their mission is to empower individuals and communities to achieve self-sufficiency through the use of technical and educational resources. With a team of 57 employees, they aim to promote economic and social improvement in Puerto Rico.


Official website here: www.insec.org

Is Instituto Socio-Economico Comunitario Inc legitimate?

Instituto Socio-Economico Comunitario Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Instituto Socio-Economico Comunitario Inc 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: $162,438
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,822,461

For more financial information, click here


Official website here: www.insec.org

What is the mission statement of Instituto Socio-Economico Comunitario Inc?

The Instituto Socio-Economico Comunitario Inc was established to foster the removal of poverty among individuals, families, and communities with limited income in Puerto Rico. Through this organization, they provide integrated services with a focus on technical and educational tools to promote economic and social self-sufficiency. This is achieved through various programs such as On the Job Training, Emergency Services, Community Development, and Economic Development. The mission of the Instituto Socio-Economico Comunitario Inc is to empower individuals to break the cycle of poverty and build a more stable and self-sufficient future for themselves and their communities.


Official website here: www.insec.org

Who is the CEO of Instituto Socio-Economico Comunitario Inc?

Arleen Padua Irizarry is the Executive Director of Instituto Socio-Economico Comunitario Inc.


Official website here: www.insec.org

What is the revenue of Instituto Socio-Economico Comunitario Inc?

Instituto Socio-Economico Comunitario Inc's revenue in 2022 was $23,369,542.


Official website here: www.insec.org

Who are the executives of Instituto Socio-Economico Comunitario Inc and what are their salaries?

The average compensation at Instituto Socio-Economico Comunitario Inc during 2022 was $34,823. There are 57 employees at Instituto Socio-Economico Comunitario Inc.

Here are 12 key members and their salaries:

    Laysha M Seguinot Mendez (Executive Director)
  • Compensation: $112,188
  • Related: $0
  • Other: $0

    • Harry Vega Diaz (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $8,550

    • Suleira Quinones Fontanez (Treasury) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $7,500

    • Nelson E Galarza Vega (Vice-President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $6,000

    • Ruth Laboy Ares (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $5,250

    • Diana Santiago Olivares (Vocal) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $4,650

    • Luis Otero Diaz (Vocal) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $3,750

    • Jose Rodriguez Otero (Vocal) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $3,600

    • Irma E Castro Dieppa (Sub-Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $3,300

    • Efrain Colon Cabeza (Vocal) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $3,300

    • Alexis Correa Allende (Vocal) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $2,250

    • Jose A Marcano Figueroa (Vocal) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $2,100


  • Official website here: www.insec.org

    Where can I find the form 990 for Instituto Socio-Economico Comunitario Inc?

    The Instituto Socio-Economico Comunitario Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.insec.org

    Learn more at the official website: www.insec.org

    Mission Statement of Instituto Socio-Economico Comunitario Inc

    Instituto Socio-Economico Comunitario Inc, a nonprofit organization, is dedicated to inspiring the breaking of the poverty cycle among individuals, families, and communities in Puerto Rico. Through its mission, the institute aims to provide integrated services that combine technical, social, economic, and educational tools, fostering self-sufficiency and economic and social growth.

    The organization's commitment to overcoming poverty is manifested through various programs, including On the Job Training, Emergency Services, and Community Development and Economic Development. On the Job Training focuses on equipping individuals with the necessary skills and knowledge to secure employment and improve their financial situation. Emergency Services provide essential assistance during critical moments, ensuring that the most vulnerable populations receive the help they need. Meanwhile, Community Development and Economic Development initiatives empower communities by promoting economic growth and social development, enabling them to thrive and achieve self-sufficiency.

    Instituto Socio-Economico Comunitario Inc's impact extends beyond the individual level, as it addresses the complex needs of low-income communities in Puerto Rico. By providing a comprehensive range of services tailored to the specific challenges faced by these communities, the organization fosters a supportive environment conducive to lasting change. Through its commitment to empowerment and self-sufficiency, Instituto Socio-Economico Comunitario Inc is a beacon of hope for those seeking a better future.

    Impact

    This information is meant to be a general summary of Instituto Socio-Economico Comunitario Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Instituto Socio-Economico Comunitario Inc's impact lies in its mission to encourage the overcoming of poverty through the provision of integrated services with technical and educational tools that promote economic and social self-sufficiency of individuals, families, and communities of low income in Puerto Rico. Through programs such as On the Job Training, Emergency Services, Community Development, and Economic Development, this organization plays a crucial role in supporting individuals and families in need. By integrating technical tools, social, economic, and educational resources, Instituto Socio-Economico Comunitario Inc is making significant strides towards uplifting low-income communities and fostering self-sufficiency.





    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: $153
  • Program Service Revenue: $0
  • Gross Receipts: $23,369,542

    • Assets and Liabilities:
  • Total Assets: $6,047,369
  • Total Liabilities: $5,680,425
  • Net Assets: $366,944
  • Organization Details

    Founding Year

    1985

    Principal Officer

    Arleen Padua Irizarry

    NTEE Category

    Code: P20 - Human services

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