2026-05-14T23:19:37-04:00 2025-06-30 660611885 ALVARADO TAX & BUSINESS ADVISORS LLC PO BOX 195598 SAN JUAN PR 009195598 990 2024-07-01 660235625 THE LUIS A FERRE FOUNDATION INC LUIS 7876418070 PO BOX 11924 SAN JUAN PR 009221924 CARLOS G MARTINEZ RIVERA TREASURER 7876418070 2026-05-14 false CESAR DE JESUS P01263925 7879994400 2026-05-14 2024 2025-03-06 01:10:19Z MARIA LUISA FERRE RANGEL PO BOX 11924 SAN JUAN PR 009221924 16229265 false X HTTP://WWW.MUSEOARTEPONCE.ORG X 1956 PR SEE SCHEDULE O 12 12 29 0 4272240 15403443 18849 32896 626695 529024 321064 235276 5238848 16200639 0 0 1928301 2268923 174647 166005 1612171 3608894 4426471 5711842 6861399 -472994 9339240 42907634 52707348 4646784 4383825 38260850 48323523 X 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. false false 2521019 32896 SEE SCHEDULE O 2521019 true true false false false false false true false false true true false true false false true false false false false false false true true false false false false true false false false false false false false false true false false false false false false false false true 0 0 false 29 true false false false false false false false false X 12 12 true false false false true true true true true false false false true true true true true true true false X CO THE CORPORATION 7876418070 PO BOX 11924 SAN JUAN PR 009221924 X MARIA LUISA FERRE RANGEL PRESIDENT & X X 0 0 0 ANTONIO LUIS FERRE RANGEL TRUSTEE X 0 0 0 RAFAEL COX ALOMAR TRUSTEE X 0 0 0 LUIS TRIGO FERRE TRUSTEE X 0 0 0 JAIME FONALLEDAS TRUSTEE X 0 0 0 SALOM GALIB TRUSTEE X 0 0 0 NICHOLAS PROUTY TRUSTEE X 0 0 0 ANAYMIR MUOZ GRAJALES TRUSTEE X 0 0 0 RICHARD CARRION MATIENZO TRUSTEE X 0 0 0 WALTER KEENAN TRUSTEE X 0 0 0 ALBERTO BAC TRUSTEE X 0 0 0 PEDRO BUSO GARCIA SECRETARY X 0 0 0 CARLOS G MARTINEZ RIVERA TREASURER X 0 0 0 MARCOS MONTERO ASSOCIATE DE X 145122 0 0 RUBI RODRIGUEZ BUSTILLO DEPUTY DIREC X 225857 0 0 HECTOR GUILLERMO MARTINEZ TRUSTEE X 0 0 0 370979 2 false true false PRAR ARQUITECTURE CORP PROFESIONAL 561 CALLE ENSENADA 2C CONDOMINIO SA SAN JUAN PR 00907 ARCHITECTURE 815138 DCMC LLC DEPT 233 PO BOX 1000 MEMPHIS TN 38148 CONSULTING 266633 MASTERPIECE INTERNATIONAL LTD 39 BROADWAY 14TH FLOOR NEW YORK NY 10006 CONSTRUCTION 214540 ST JAMES SECURITY SERVICES LLC PO BOX 270027 SAN JUAN PR 009282827 SECURITY 174530 CPM PR LLC PO BOX 9024051 SAN JUAN PR 00902 CONSULTING 127624 6 1683152 9395397 4324894 212337 15403443 ADMISSIONS 32896 32896 32896 529024 529024 2350 2350 2350 2350 1683152 50817 28626 22191 22191 OTHER INCOME 210735 210735 210735 16200639 32896 764300 2109016 1093869 457914 557233 159907 101127 21154 37626 89922 89922 166005 166005 523343 523343 492768 492768 220750 415 18032 202303 2639 668 1779 192 10665 10665 15378 6990 1677 6711 130698 130698 795230 795230 481515 88907 373078 19530 OTHER 1365610 451996 301708 611906 LABORATORY EXPENSE 181493 181493 MAINTENANCE & REPAIRS 100808 87134 13674 EDUCATIONAL 15652 15652 6861399 2521019 2728209 1612171 3964121 1641320 517962 8310235 39562 38906 333392 372643 28425205 16643102 12443212 11782103 14341257 19294013 11268128 11268128 42907634 52707348 996784 696401 5395 2183 3644605 3685241 4646784 4383825 X 36306783 40103208 1954067 8220315 38260850 48323523 42907634 52707348 X 9339240 -516843 1240276 X false true X true true true X 2144605 2309792 4165650 4272240 15403443 28295730 2144605 2309792 4165650 4272240 15403443 28295730 28295730 424105 472996 576430 629570 531374 2634475 1183479 3507551 156202 343388 232926 5423546 36353751 51745 0.77830 0.60840 X PART II, LINE 10 5,423,546 SUPPLEMENTAL INFORMATION OTHER INCOME AMOUNT SEGREGATED AS FOLLOWS 22,191: NET INCOME FROM STORE SALES 210,735: OTHER INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11268128 X X X X X EDUCATIONAL PROGRAMS false 532692 532692 22676290 12876620 9799670 4058752 3712626 346126 1157471 53856 1103615 11782103 DEBT SECURITIES 13265108 F EXCHANGE TRADE FUNDS 2655420 F OTHER EQUITY SECURITIES 1873908 F EQUITY SECURITIES 1499577 F 19294013 ART COLLECTION, AT COST 11268128 11268128 16924072 -516843 1240276 723433 16200639 16200639 6861399 6861399 6861399 SCHEDULE D, PAGE 4, PART XI, LINE 2D REALIZED GAIN 1,240,276 SCHEDULE D, PAGE 4, PART XIII THE PRINCIPAL PURPOSE OF THE LUIS A. FERRE FOUNDATION, INC. (LAFF) 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 ASSOCIATION OF MUSEUMS. THE LAFF OWN ONE OF THE FINEST AND MOST IMPORTANT COLLECTIONS OF EUROPEAN ART IN THE WESTERN HEMISPHERE. THROUGH A VARIETY OF PROGRAMS AND STRATEGIES, IT SERVES VISITORS TO MORE FULLY APPRECIATE THE CULTURAL, HISTORICAL AND ARTISTIC IMPORTANCE OF THE COLLECTION AND TO DEVELOP CRITICAL THOUGHT AND JUDGERMENT THROUGH ART. IT ALSO PROMOTES AWARENESS ABOUT ART AMONG THE YOUNGER GENERATIONS THROUGH MANY OF ITS VARIED EDUCATIONAL OFFERINGS. LAFF'S COLLECTION HAS TRAVELED TO VARIOUS PRESTIGIOUS MUSEUMS, AMONG THEM, THE TATE BRITAIN (LONDON), MUSEO NACIONAL DEL PRADO (MADRID), BELEVERDE MUSEUM IN VIENNE, MUSEO NACIONAL DE SAN CARLOS (MEXICO CITY), THE FRICK COLLECTION (NEW YORK), AND THE LEIGHTON (LONDON). LAFF/MAP PRESENT VARIOUS EXHIBITIONS PER YEAR AND PROVIDES MANY OTHER EDUCATIONAL AND CULTURAL ACTIVITIES, SUCH AS: GUIDED TOURS, SYMPOSIUMS, CREATIONAL AND ARTISTICS WORKSHOPS, AS WELL AS OPEN HOUSES FREE OF COST TO THE PUBLIC. X X X X X X X true MARILYN B HERNANDEZ COND VILLA CAPARRA EXECUTIVE 229 CARR PR2 APR 1C GUAYNABO PR 009227512 CONSULTING false 80000 -80000 80000 GALA 2024 ACTIV 1021000 1021000 ART PRESERVERS 662152 662152 1683152 1683152 X X X X false false false false false false false false false RUBI RODRIGUEZ BUSTILLO DEPUTY DIRECTOR 191957 33900 225857 X 1 212337 BASED ON INVOICE RECEIVED false true false FORM 990 - ORGANIZATION'S MISSION 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. FORM 990 DURING THE FISCAL YEAR, THE ORGANIZATION CONTINUED WITH ITS EXPANSION AND CONTINUITY OF HIGH IMPACT COMMUNITY OUTREACH ACTIVITIES THROUGH PROGRAMS WITH PUBLIC SCHOOLS, CENTERS FOR THE ELDERLY, CENTERS DEDICATED TO AIDING THE HOMELESS POPULATION, AMONG OTHER VULNERABLE COMMUNITIES. FORM 990, PAGE 6, PART VI, LINE 2 MARIA LUISA FERRE RANGEL ANTONIO LUIS FERRE RANGEL TRUSTEE TRUSTEE BROTHERS FERRE RANGEL TRIGO FERRE TRUSTEES TRUSTEE COUSINS FORM 990, PAGE 6, PART VI, LINE 6 THE MEMBERS OF THE CORPORATION SHALL NOT BE LESS THAN FOUR. MEMBERS SHOULD BE RESTRICTED TO THE IMMEDIATE FAMILY AND DIRECT DESCENDANTS OF ANTONIO LUIS AND ROSARIO JOSEFINA FERRE RAMIREZ DE ARELANO. EQUAL REPRESENTATION AMONG THE MEMBERS SHALL BE ATTAINED AT ALL TIMES BETWEEN THE STRIPS OF ANTONIO LUIS AND ROSARIO JOSEFINA FERRE RAMIREZ DE ARELLANO. EXISTING MEMBERS MAY ELECT OTHER MEMBERS AND SHALL FILL VACANCIES CAUSED BY DEATH, RESIGNATION OR OTHER CAUSES. FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBERS OF THE CORPORATION SHALL NOT BE LESS THAN FOUR. MEMBERS SHOULD BE RESTRICTED TO THE IMMEDIATE FAMILY AND DIRECT DESCENDANTS OF ANTONIO LUIS AND ROSARIO JOSEFINA FERRE RAMIREZ DE ARELANO. EQUAL REPRESENTATION AMONG THE MEMBERS SHALL BE ATTAINED AT ALL TIMES BETWEEN THE STRIPS OF ANTONIO LUIS AND ROSARIO JOSEFINA FERRE RAMIREZ DE ARELLANO. EXISTING MEMBERS MAY ELECT OTHER MEMBERS AND SHALL FILL VACANCIES CAUSED BY DEATH, RESIGNATION OR OTHER CAUSES. FORM 990, PAGE 6, PART VI, LINE 7B THE MEMBERS OF THE CORPORATION SHALL NOT BE LESS THAN FOUR. MEMBERS SHOULD BE RESTRICTED TO THE IMMEDIATE FAMILY AND DIRECT DESCENDANTS OF ANTONIO LUIS AND ROSARIO JOSEFINA FERRE RAMIREZ DE ARELANO. EQUAL REPRESENTATION AMONG THE MEMBERS SHALL BE ATTAINED AT ALL TIMES BETWEEN THE STRIPS OF ANTONIO LUIS AND ROSARIO JOSEFINA FERRE RAMIREZ DE ARELLANO. EXISTING MEMBERS MAY ELECT OTHER MEMBERS AND SHALL FILL VACANCIES CAUSED BY DEATH, RESIGNATION OR OTHER CAUSES. FORM 990, PAGE 6, PART VI, LINE 11B THE RETURN IS PREPARED BY ALVARADO TAX & BUSINESS ADVISORS LLC (EXTERNAL TAX ADVISORS). INFORMATION REPORTED IN THE RETURN IS PROVIDED BY MANAGEMENT OF THE LUIS A. FERRE FOUNDATION, INC. DURING THE PREPARATION OF THE RETURN ALVARADO TAX & BUSINESS ADVIOSRS LLC AND MANAGEMNT ARE IN CONSTANT COMMUNICATION SHARING AND CONFIRMING THE INFORMATION REPORTED IN THE RETURN. WHEN COMPLETED, THE RETURNS IS PROVIDED TO THE ORGANIZATION'S MANAGEMENT FOR THE FINAL REVIEW PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C TO EACH HIRED EMPLOYEE THE COMPANY PROVIDES AN EMPLOYEE MANUAL ON WHICH THE CONFLICT OF INTEREST POLICY IS ADDRESSED. AT THE MOMENT OF HIRING, THE EMPLOYEE SIGNS A DOCUMENT CERTIFYNG THAT THEY RECEIVED THE EMPLOYEE MANUAL AND THEY ALSO CERTIFY THAT THEY HAVE RECEIVED THE CONFLICT OF INTEREST POLICY. IF ANY OF THE POLICY'S STANDARDS ARE VIOLATED BY ANY EMPLOYEE THE FOUNDATION TAKES CORRESPONDING DISCIPLINARY ACTION, WHICH MAY INCLUDE IMMEDIATE DISMISSAL OF THE EMPLOYEE. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPANY ENGAGES AN INDEPENDENT COMPENSATION CONSULTANT TO HELP HIRE AND DETERMINE THE COMPENSATION OF THE OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION. THE FOUNDATION ALSO USES COMPENSATION SURVEYS OF SIMILAR FOUNDATIONS. THE BOARD APPROVES THE COMPENSATION FOR THE KEY EMPLOYEES AND OFFICERS AND IN SOME INSTANCES A WRITTEN EMPLOYMENT CONTRACT IS SIGNED. FORM 990, PAGE 6, PART VI, LINE 15B THE COMPANY ENGAGES AN INDEPENDENT COMPENSATION CONSULTANT TO HELP HIRE AND DETERMINE THE COMPENSATION OF THE OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION. THE FOUNDATION ALSO USES COMPENSATION SURVEYS OF SIMILAR FOUNDATIONS. THE BOARD APPROVES THE COMPENSATION FOR THE KEY EMPLOYEES AND OFFICERS AND IN SOME INSTANCES A WRITTEN EMPLOYMENT CONTRACT IS SIGNED. FORM 990, PAGE 6, PART VI, LINE 19 THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. SOME OF THEM ARE AVAILABLE THROUGH THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 9 REALIZED GAIN 1,240,276