THE LUIS A FERRE FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

THE LUIS A FERRE FOUNDATION INC

EIN 66-0235625 · Arts, Culture & Humanities (A510)

What they do

THE PRINCIPAL PURPOSE of THE LUIS A. FERRE FOUNDATION, INC. (LAAF) is to OPERATE, MAINTAIN, CONSERVE, and EXHIBIT ITS COLLECTION of ART AT THE MUSEO DE ARTE DE PONCE (MAP), A MUSEUM IN PUERTO RICO ACCREDITED BY THE AMERICAN ALLIANCE of MUSEUMS. LAFF OWNS ONE of THE FINEST and MOST IMPORTANT COLLECTIONS of EUROPEAN ART IN THE WESTERN HEMISPHERE. MUSEO DE ARTE DE PONCE CONNECTS THE COMMUNITY WITH THE RICHNESS of THE WESTERN ART and ITS MAKERS, FROM THE FOURTEENTH CENTURY to THE PRESENT. IT INVITES DISCOVERY, STIMULATES CURIOSITY and FOSTERS DIALOGUE. AS PART of ITS OBJECTIVES, IT SEEKS to PROMOTE APPRECIATION of ART, OFFERS EDUCATIONAL and RECREATIONAL RESOURCES, and ESTABLISHES TIES WITH DISADVANTAGED COMMUNITIES IN PUERTO RICO.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $36.70 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 2024The charity has a recent tax report to read.

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

They name their leaders16 people are listed in the latest report.

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

Money made simple

15.56%of revenue went to mission work36.7% of expenses · Program services

9.95%of revenue went to fundraising23.5% of expenses

$42.35spent for every $100 of revenueRevenue covered expenses this year.

16.84%of revenue went to management and office costs39.8% of expenses

$7.68in assets for every $1 spent this yearSome assets cannot be spent right away.

95.1%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
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.

Pay context: The highest compensation shown in this filing is $225,857 for RUBI RODRIGUEZ BUSTILLO (DEPUTY DIREC). Compare pay with organizations of similar size and complexity.

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 2024

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$16,200,639

Mission workProgram services$2,521,01915.56% of revenue36.7% of expenses

ManagementOffice and general costs$2,728,20916.84% of revenue39.8% of expenses

FundraisingAsking for donations$1,612,1719.95% of revenue23.5% of expenses

Revenue left after expensesReported annual surplus$9,339,24057.65% of revenueShown in gray on the chart

Total expenses$6,861,39942.35% 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

2024CurrentExpense mix: 36.7% mission · 39.8% management · 23.5% fundraisingTotal expenses: 42.35% of revenue

2023Expense mix: 31.9% mission · 44.4% management · 23.6% fundraisingTotal expenses: 109.03% of revenue

2022Expense mix: 32.8% mission · 46.1% management · 21.1% fundraisingTotal expenses: 123.79% of revenue

2021Expense mix: 31.2% mission · 46.0% management · 22.8% fundraisingTotal expenses: 81.87% of revenue

2020Expense mix: 21.6% mission · 73.5% management · 4.9% fundraisingTotal expenses: 207.46% of revenue

Money in and money out

Revenue$16,200,639

Expenses$6,861,399

Annual surplus $9,339,240 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)$2,521,019 · 36.7% of expenses

Management and office costs$2,728,209 · 39.8% of expenses

Fundraising$1,612,171 · 23.5% of expenses

See all reported dollar amounts

Revenue$16,200,639

Expenses$6,861,399

Assets$52,707,348

Income$16,229,265

Contributions$15,403,443

Mission work (program services)$2,521,019

Fundraising$1,612,171

Management and general$2,728,209

Accounting fees$89,922

Investing fees$523,343

People

Leadership and board

Tax year 2024

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

People reported as paid

Person and titleCompensation

RUBI RODRIGUEZ BUSTILLODEPUTY DIREC $225,857

MARCOS MONTEROASSOCIATE DE $145,122

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (16)

RUBI RODRIGUEZ BUSTILLODEPUTY DIREC

MARCOS MONTEROASSOCIATE DE

ALBERTO BACTRUSTEE

ANAYMIR MUOZ GRAJALESTRUSTEE

ANTONIO LUIS FERRE RANGELTRUSTEE

CARLOS G MARTINEZ RIVERATREASURER

HECTOR GUILLERMO MARTINEZTRUSTEE

JAIME FONALLEDASTRUSTEE

LUIS TRIGO FERRETRUSTEE

MARIA LUISA FERRE RANGELPRESIDENT &

NICHOLAS PROUTYTRUSTEE

PEDRO BUSO GARCIASECRETARY

RAFAEL COX ALOMARTRUSTEE

RICHARD CARRION MATIENZOTRUSTEE

SALOM GALIBTRUSTEE

WALTER KEENANTRUSTEE

About this charity

Recognized since: January 1966
Location: PO BOX 11924, SAN JUAN, PR 009221924
In care of: CARLOS G MARTINEZ RIVERA
Primary officer: CARLOS G MARTINEZ RIVERA, TREASURER

How to reach them

WebsiteVisit the charity’s website Phone(787) 641-8070

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: ALVARADO TAX & BUSINESS ADVISORS LLC
NTEE classification: Arts, Culture & Humanities (A510)
IRS tax category: Museums