SOCIEDAD ESPAOLA DE AUXILIO MUTUO Y BENEFICENCIA DE PUERTO RICO Charity Report

Public IRS 990 nonprofit record

SOCIEDAD ESPAOLA DE AUXILIO MUTUO Y BENEFICENCIA DE PUERTO RICO

EIN 66-0178704 · Health Care (E220)

What they do

SOCIEDAD ESPAOLA DE AUXILIO MUTUO Y BENEFICENCIA DE PUERTO RICO (THE COMPANY) HAD BEEN PREVIOUSLY FILING AS A 501 (C) (3) ORGANIZATION. ON APRIL 29, 1992 A NEW NONPROFIT ORGANIZATION WAS CREATED to CONTINUE PROVIDING THE HOSPITAL and HEALTH CARE SERVICES PREVIOUSLY PROVIDED UNDER THE LEGAL NAME of THE COMPANY. ON AUGUST 20, 1992 THIS CHANGE WAS REPORTED to THE EXEMPT ORGANIZATIONS BRANCH of THE INTERNAL REVENUE SERVICE. THE IRS WAS INFORMED THAT THE COMPANY WOULD BECOME A CONTROLLING AFFILIATE THAT WOULD OWNED THE REAL PROPERTY and WOULD TRANSFER ITS FUNDS (INCOME LESS EXPENSES) for USE IN A MANNER CONSISTENT WITH THE EXEMPTION. ON SEPTEMBER 30, 1992 THE IRS INFORMED THAT THE COMPANY is NOT REQUIRED to FILE A NEW APPLICATION for TAX EXEMPTION AS A TITLE HOLDING CORPORATION. THE COMPANY ALSO ADMINISTERS A HEALTH PLAN UNDER WHICH INDIVIDUALS IN THE COMMUNITY (WITHOUT EXCEPTIONS) MAY BECOME MEMBERS WITH THE RIGHT to RECEIVE HOSPITAL and HEALTH CARE SERVICES AT THE FACILITIES of HOSPITAL E

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $58.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders28 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

49.15%of revenue went to mission work58.4% of expenses · Program services

$80.61spent for every $100 of revenueRevenue covered expenses this year.

35.01%of revenue went to management and office costs41.6% of expenses

$3.03in assets for every $1 spent this yearSome assets cannot be spent right away.

1.2%of its money came from giftsOther money may come from services or investments.

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What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$112,831,708

Mission workProgram services$55,458,66849.15% of revenue58.4% of expenses

ManagementOffice and general costs$39,501,58835.01% of revenue41.6% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$17,871,45215.84% of revenueShown in gray on the chart

Total expenses$94,960,25684.16% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 58.4% mission · 41.6% management · 0.0% fundraisingTotal expenses: 84.16% of revenue

2022Expense mix: 72.0% mission · 28.0% management · 0.0% fundraisingTotal expenses: 93.32% of revenue

2021Expense mix: 70.1% mission · 29.9% management · 0.0% fundraisingTotal expenses: 94.15% of revenue

2020Expense mix: 57.4% mission · 42.6% management · 0.0% fundraisingTotal expenses: 91.53% of revenue

2019Expense mix: 55.8% mission · 44.2% management · 0.0% fundraisingTotal expenses: 89.51% of revenue

2018Expense mix: 55.5% mission · 44.5% management · 0.0% fundraisingTotal expenses: 81.39% of revenue

2017Expense mix: 56.2% mission · 43.8% management · 0.0% fundraisingTotal expenses: 94.35% of revenue

2016Expense mix: 55.7% mission · 44.3% management · 0.0% fundraisingTotal expenses: 89.06% of revenue

Money in and money out

Revenue$117,804,262

Expenses$94,960,256

Annual surplus $22,844,006 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$55,458,668 · 58.4% of expenses

Management and office costs$39,501,588 · 41.6% of expenses

See all reported dollar amounts

Revenue$117,804,262

Expenses$94,960,256

Assets$287,933,303

Income$121,335,851

Contributions$1,365,361

Mission work (program services)$55,458,668

Management and general$39,501,588

Stocks and bonds$63,126,001

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (28)

JOS VARGAS RODRGUEZVOWELS

TELESFORO FERNNDEZ MARTNEZVOWELS

SANDRA CABANILLAS RIVERAVOWELS

ROBERTO SANTANA APARICIOVOWELS

RAMON DELGADO RUIBALVICE-PRESIDE

RAFAEL A VIL CARRINVOWELS

NILSA I RODRIGUEZ MARTORELLSUB-SECRETAR

MARISABEL ALCALDE MARROIGVOWELS

LUIS E CID ABRADELOVOWELS

JUAN M ALVEREZ CARTAAVOWELS

JUAN LEIZN LPEZVICE-PRESIDE

JUAN BAUZA LOPEZ DE AZUAVOWELS

JOSE M GMEZ LENVP & TREASUR

JOSE GIL-RODRIGO MONTANERVOWELS

ADOLFO TRAPOTE CARLNVICE - PRESI

JOAQUIN QUIOY ORTIZVOWELS

JESUS M LOPEZ ARGUELLOVOWELS

JESS VARGAS DOMNGUEZVOWEL

FRANCISCO CARBALLO LOSADAVICE-PRESIDE

FERNANDO DEL LLANO SOBRINOSUB-TREASURE

ENRIQUE FIERRES GONZLEZPRESIDENT

EMILIO TORRES ANTUANOVOWELS

ELOY GUTIERREZ FERNNDEZVOWELS

CESAR SANTOS RIVERAVOWELS

CASIMIRO DE LA TORRE PAMPLIEGASECRETARY

BERNARDO BUSTO PREZVOWELS

ANGEL COCERO SNCHEZVICE- PRESID

ALFREDO VINCENTY HERESVOWELS

About this charity

Recognized since: January 1981
Location: PO BOX 191227, SAN JUAN, PR 00919-1227
In care of: % MARIA DE L MARTI
Primary officer: MARIA DE L MARTI SIERRA, DIRECTOR OF FINANCE

How to reach them

Phone(787) 758-2000

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: GALINDEZ LLC
NTEE classification: Health Care (E220)