SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2019
Open to Public
Inspection
Name of the organization
INSTITUTO SOCIO-ECONOMICO COMUNITARIO INC
 
Employer identification number

66-0425840
Return Reference Explanation
Form 990, Header, Line B On February 12, 2021, the document (Application for Automatic Extension of Time To File an Exempt Organization Return) for Form 990 was received by the Internal Revenues Service (IRS). This document conceded an automatic extension until August 15, 2021 for the filing of Form 990. Our organization mailed Form 990, and it was received by the IRS on March 22, 2021. Recently, we received a communication with the number 0422614611 from the IRS, in which they requested the electronic filing of that form. Given this, today the Form 990 is being filed electronically.
Form 990, Part V, Line 3b The organizations don't have any gross income from related during the year.
Form 990, Part VI, Section A, Line 8a Every document presented to the Board of Directors is expressed out loud and this is recorded, so that after the meeting the Secretary of the Board can transcribe it in minutes for the record.
Form 990, Part VI, Section A, Line 8b All committee is composed under the Board of Directors of the organization.
Form 990, Part VI, Section B, Line 11b Every document presented to the Board of Directors is expressed out loud and this is recorded, so that after the meeting the Secretary of the Board can transcribe it in minutes for the record.
Form 990, Part VI, Section B, Line 12c We create, promote a continues culture of transparency, excellence and integrity. By this, we maintain policies directed to the prevention and to promote ethical autonomy. The policy of interest conflict stipulates that a formal declaration of interest conflict must be given. Annually, the members of the Board of Directors, Executive Director, Employees and volunteers must completed and submitted to the corresponding department.
Form 990, Part VI, Section B, Line 15 We have developed a policy directed to the process to determine the compensation and benefits of the employees. In where, a comparative analysis with the labor market for similarly qualified persons is made to maintain competitively, and levels of payments based on labor surveys. Our structure of wages is fixed. All increase in wage passes through a process of revision and approval by our Board of Directors. Once approved by the Board of Directors, is submitted in proposal to the pass-through state agency (external entity), who reviews and approves this one.
Form 990, Part VI, Section C, Line 19 The organization each three years have publics hearing with the legislature of Puerto Rico as required by the federal funds; also the organization has the information available to the agencies in chase of vigilance of funds prior request to be need to processed.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2019


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