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Fundacion Dr Carlos Lopez Somolinos Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$193k (2023)

Expenses
$113k (2023)

Total Assets
$561k (2023)

Total Liabilities
$9.91k (2023)

Source: Form 990 tax filings from 2013 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$192,918
Expenses
$112,515
Net Income
$80,403
Net Assets
$550,831
Notable Sources of Revenue Percent of Total Revenue
Contributions $112,775
58.5%
Program Services $63,768
33.1%
Investment Income $16,375
8.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $560,745
Total Liabilities $9,914
Net Assets $550,831
Compensation
Key Employees and Officers Compensation Related Other
Luis A Ocasio (President) $0 $0 $0
Hector Nater (Vice President) $0 $0 $0
Sylvette Nater (Treasurer) $0 $0 $0
Karen Scalley (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$137,030
Expenses
$85,421
Net Income
$51,609
Net Assets
$428,646
Notable Sources of Revenue Percent of Total Revenue
Contributions $128,257
93.6%
Program Services $0
Investment Income $8,773
6.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $449,149
Total Liabilities $20,503
Net Assets $428,646
Compensation
Key Employees and Officers Compensation Other
Luis A Ocasio (President) $0 $0
Hector Nater (Vice President) $0 $0
Sylvette Nater (Treasurer) $0 $0
Karen Scalley (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$72,570
Expenses
$36,906
Net Income
$35,664
Net Assets
$438,962
Notable Sources of Revenue Percent of Total Revenue
Contributions $38,828
53.5%
Program Services $0
Investment Income $33,742
46.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $450,783
Total Liabilities $11,821
Net Assets $438,962
Compensation
Key Employees and Officers Compensation Other
Luis A Ocasio (President) $0 $0
Hector Nater (Vice President) $0 $0
Sylvette Nater (Treasurer) $0 $0
Karen Scalley (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$80,074
Expenses
$39,163
Net Income
$40,911
Net Assets
$403,298
Notable Sources of Revenue Percent of Total Revenue
Contributions $50,921
63.6%
Program Services $0
Investment Income $29,153
36.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $403,619
Total Liabilities $321
Net Assets $403,298

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$126,394
Expenses
$46,714
Net Income
$79,680
Net Assets
$362,387
Notable Sources of Revenue Percent of Total Revenue
Contributions $118,912
94.1%
Program Services $0
Investment Income $7,482
5.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $370,708
Total Liabilities $8,321
Net Assets $362,387

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$0
Expenses
$0
Net Income
$0
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $0
Total Liabilities $0
Net Assets $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$130,040
Expenses
$75,319
Net Income
$54,721
Net Assets
$311,733
Notable Sources of Revenue Percent of Total Revenue
Contributions $124,662
95.9%
Program Services $0
Investment Income $5,378
4.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $324,703
Total Liabilities $12,970
Net Assets $311,733

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$99,386
Expenses
$47,527
Net Income
$51,859
Net Assets
$257,012
Notable Sources of Revenue Percent of Total Revenue
Contributions $98,630
99.2%
Program Services $0
Investment Income $756
0.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $260,777
Total Liabilities $3,765
Net Assets $257,012

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$114,790
Expenses
$67,214
Net Income
$47,576
Net Assets
$205,153
Notable Sources of Revenue Percent of Total Revenue
Contributions $113,163
98.6%
Program Services $0
Investment Income $1,627
1.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $216,792
Total Liabilities $11,639
Net Assets $205,153

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$85,445
Expenses
$52,833
Net Income
$32,612
Net Assets
$157,577
Notable Sources of Revenue Percent of Total Revenue
Contributions $82,597
96.7%
Program Services $0
Investment Income $2,848
3.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $191,432
Total Liabilities $33,855
Net Assets $157,577

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$84,094
Expenses
$85,951
Net Income
-$1,857
Net Assets
$124,965
Notable Sources of Revenue Percent of Total Revenue
Contributions $81,120
96.5%
Program Services $0
Investment Income $2,974
3.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $126,120
Total Liabilities $1,155
Net Assets $124,965

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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