Asociacion Fomento Educativo Inc
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.
Asociacion Fomento Educativo Inc at a glance
In short: Asociacion Fomento Educativo Inc gave $43K across 1 grant in 2024 (avg $43K), mostly in Puerto Rico. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $43,352
- -10.4% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $43,352
- -10.4% vs 2023
- Median grant
- $43,352
- Total assets
- $8,974,785
- -3.1% vs 2023
- Primary geography
- Puerto Rico (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Asociacion Fomento Educativo Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Fondo Educativo del Sur ($43K).
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 8 grants of 9 (89%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Asociacion Fomento Educativo Inc gives
- Giving fell 31% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $43K (2024) to $86K (2020). In 2024 it made 1 grant totaling $43K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fondo Educativo del Sur Ponce, PR | Youth program assistance | $43,352 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2024 | $8,974,785 | $799,164 | $913,905 | $43,352 | 1 |
| 2023 | $9,263,828 | $1,139,982 | $1,225,578 | $48,398 | 1 |
| 2022 | $9,694,411 | $967,430 | $1,051,838 | $54,447 | 2 |
| 2021 | $10,164,020 | $1,275,624 | $1,053,565 | $62,717 | 3 |
| 2020 | $10,627,932 | $908,281 | $1,006,592 | $86,479 | 2 |
About Asociacion Fomento Educativo Inc
Based on IRS filings
Asociacion Fomento Educativo Inc is a public charity, based in Guaynabo, PR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9.0M in total assets. In 2024, it awarded 1 grant totaling $43K.
Leadership & Key People
Officers and directors from IRS filings
Asociacion Fomento Educativo Inc is led by Manuel Diaz, President on every filing since 2020; none of the 12 officers listed in 2024 report compensation.
Officers on the 2024 filing
Manuel Diaz
President
On filings since 2020
2 hrs/week
No compensation reported
Luis J Torres
Executive Director-Treasurer
New on the 2024 filing
30 hrs/week
No compensation reported
Carlos Cervera
Vocal
Executive Director → Vocal, 2024
On filings since 2020
10 hrs/week
$31K (2020) → $0 (2024)
Angel Ortiz
Vocal
On filings since 2020
1 hr/week
No compensation reported
Dionisio Trigo
Vicepresident
On filings since 2020
2 hrs/week
No compensation reported
Erwin Maldonado
Subtreasurer
On filings since 2020
1 hr/week
No compensation reported
Raul Arias
Vocal
Vcoal → Vocal, 2023
On filings since 2020
No compensation reported
Robert Hunter
Vocal
On filings since 2020
No compensation reported
Sigfrido Fernandez
Subsecretary
On filings since 2020
4 hrs/week
No compensation reported
Estebao Fachini
Vocal
On filings since 2023
1 hr/week
No compensation reported
Ferdinand Sanchez
Vocal
On filings since 2023
1 hr/week
No compensation reported
Jos Molina Cacho
Secretary
On filings since 2023
1 hr/week
No compensation reported
Former officers (4)
- Former: Luis Torres Rodriguez (2023) — Vocal
- Former: Elba Negron (2020–2022) — Vocal
- Former: Jose M Medina (2020–2022) — Secretary & Treasurer
- Former: Virgen Torres (2020–2022) — Vocal
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $36K, to Carlos Cervera (Executive Director).
Frequently asked questions about Asociacion Fomento Educativo Inc
How much does Asociacion Fomento Educativo Inc give each year?
Asociacion Fomento Educativo Inc gave $43K across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $48K across 1 grant.
How large is Asociacion Fomento Educativo Inc?
Asociacion Fomento Educativo Inc reported $9.0M in total assets on its 2024 IRS Form 990. Its revenue that year was $799K.
Where does Asociacion Fomento Educativo Inc operate?
Asociacion Fomento Educativo Inc has awarded grants in Puerto Rico.
What is Asociacion Fomento Educativo Inc's EIN?
Asociacion Fomento Educativo Inc's EIN (Employer Identification Number) is 66-0372757. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 1, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS October 28, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 6, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 9, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 13, 2025)
- IRS filings on file for fiscal years 2020–2024
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