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Asociacion Fomento Educativo Inc

EIN 66-0372757 · Guaynabo, PR

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair67 out of 100GovernanceFair58 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

AFE HAS AMONG ITS PURPOSES TO FOSTER AND FACILITATE THE DEVELOPMENT OF INDIVIDUALS THROUGH LECTURES AND SEMINARS LEADERSHIP PROGRAMS FOR STUDENTS AND SOCIAL ACTIVITIES FOR THE INDIGENT ETC.

Income
$799,164
Spending
$913,905
Spent on programs
95%
Reserves
7.9 months of spending
Largest source of income
donations and private grants, 78%
Employees
5
Volunteers
0

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 67 out of 100.

  • Reserves

    28 of 35

    Spendable reserves would cover 7.9 months of spending.

  • Debt

    20 of 20

    It owes 8% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 14% of income.

  • Income trend

    0 of 15

    Income fell 30% on the year before.

  • Spending floor

    15 of 15

    95% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 58 out of 100.

  • Independent board

    25 of 25

    11 of 11 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $212,651 spent. PUERTORREAL UNIVERSITY RESIDENCE PROVIDES ROOMS AND BOARD IN A FAMILY LIKE ATMOSPHERE TO UNIVERSITY STUDENTS. IT HAS STUDY HALLS MEETING ROOMS AND OFFERS CONFERENCES SEMINARS ETC. IT ALSO HOLDS ACTIVITIES FOR YOUNG PROFESSIONALS TO HELP THEM IN THE TRANSITION FROM COLLEGE TO THE PROFESSIONAL WORLD. SOCIAL HELP ACTIVITIES FOR LOW INCOME PEOPLE.
  2. $28,950 spent. GUILARTE STUDY CENTER IN GEARED TO PROFESSIONALS AND STUDENTS TO IMPROVE THE ACHIEVEMENTS THROUGH STUDY SKILLS COURSES TUTORING PROGRAMS SEMINARS CONFERENCES ETC.
  3. $190,625 spent. GUAYMAR IS A FAMILY RESIDENCE FOR PROFESSIONALS WHO PROVIDE COURSES OF ETHICS WORKSHOPS CONFERENCES OF FAMILY LIFE WORK SPIRIT OF SERVICE AND CREATE SOCIAL AND ENVIROMENT AWARENESS.
  4. $114,825 spent. Crisoles Womens Center
  5. $322,022 spent. Educational Development Fund

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since June 1986.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.