Promesa Foundation Inc

Public charity · Grantmaker Bronx, NY EIN: 13-3411787

Promesa Foundation, inc. Was created as a development arm for the entire acacia network organization. The foundation works to raise funds for acacia network's many operating programs. The goal of the foundation is to develop streams of funding and partnerships with the corporate sector to support and expand its operations. The mutual purpose of acacia network is to be a leader in the health and human services arena by providing an array of services in health, education, employment, economic and community development, and housing activities.

Key facts about Promesa Foundation Inc

In short: Promesa Foundation Inc gave $32K across 2 grants in 2024 (avg $16K), mostly in New York. Source: 2024 IRS Form 990.

EIN
13-3411787
Latest 990 filing
Form 990, 2024
Annual giving (2024)
$32,000
Grants made (2024)
2
Average grant
$16,000
Median grant
$16,000
Total assets
$28,897,630
Primary geography
New York (100% of itemized 2024 grant dollars)

Data from IRS Form 990, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990 · View filing

Total Assets

$28.9M

+2.7% YoY

Annual Giving

$32K

-48.4% YoY

Grant Count

2

-60.0% YoY

Avg Grant Size

$16K

+29.0% YoY

About Promesa Foundation Inc

Based on IRS filings

Promesa Foundation Inc is a public charity focused on Mental Health & Crisis Intervention, based in Bronx, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $28.9M in total assets. In 2024, it awarded 2 grants totaling $32K. Net investment income was $90K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2024 grant dollars across all 2 itemized grants.

States

New JerseyNew YorkPuerto Rico

Cities

New YorkBergenfieldBronxGuaynabo

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K0 grants2020 0 grants2021 5 grants2022 5 grants2023 2 grants2024

From 2022 to 2024, annual grant giving ranged from $32K (2024) to $68K (2022). In 2024 it made 2 grants totaling $32K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

National Puerto Rican Day Parade: $20KNational Puerto Rican DayParade$20K111th STREET OLD TIMERS BOYS INC: $12K111th STREET OLD TIMERS BOYSINC$12K

The largest 2024 recipient was National Puerto Rican Day Parade ($20K). Together the top 2 received $32K.

Grant Size Distribution

12 grants across all recorded years

12<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 12 grants of 12 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
National Puerto Rican Day Parade New York, NYSponsorship$20,000
111th STREET OLD TIMERS BOYS INC New York, NYSponsorship$12,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$1M$2M$3M$4M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$28,897,630$28,143,138$28,348,325
Revenue$2,929,456$3,174,360$3,501,347
Expenses$2,401,050$3,214,180$2,745,519
Net Investment Income$90,153$94,254$143,139

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
  2. Updated Form 990 for fiscal year 2023 (received by the IRS November 13, 2024)
  3. Updated Form 990 for fiscal year 2024 (received by the IRS November 12, 2025)
  4. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Promesa Foundation Inc is led by Lymaris Albors, Chief Executive Officer since 2022 (on filings since 2020); none of the 8 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Lymaris Albors

    Chief Executive Officer

    COO → Chief Operating Officer, 2021

    Chief Operating Officer → Chief Executive Officer, 2022

    On filings since 2020

    No compensation reported

  • Raul Russi

    President

    President & CEO → President, 2022

    On filings since 2020

    No compensation reported

  • Gilbert Hernandez

    Chair

    On filings since 2020

    1 hr/week

    No compensation reported

  • Arnie Segarra

    Board Member

    Member → Board Member, 2023

    On filings since 2020

    1 hr/week

    No compensation reported

  • Federico Perez

    Secretary

    On filings since 2020

    1 hr/week

    No compensation reported

  • Jose A. Rodriguez

    Chief Legal Officer & Executive Vice President

    Clo → Chief Legal Officer & Executive Vice President, 2021

    On filings since 2020

    No compensation reported

  • Aileen Perez

    Treasurer

    On filings since 2021

    1 hr/week

    No compensation reported

  • Vicky Gatell

    Chief Financial Officer

    On filings since 2021

    No compensation reported

Former officers (5)
  • Former: David Collymore (2020–2021) — CMO & Senior Vice President Clinical Affairs
  • Former: Maria Del Carmen Arroyo (2021) — Chief Administrative Officer
  • Former: Aileen Betances (2020) — Treasurer
  • Former: Kaleb Sanchez (2020) — Vice Chair
  • Former: Milton A. Derienzo (2020) — CFO

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.

Frequently asked questions about Promesa Foundation Inc

How much does Promesa Foundation Inc give each year?

Promesa Foundation Inc gave $32K across 2 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $62K across 5 grants.

How large is Promesa Foundation Inc?

Promesa Foundation Inc reported $28.9M in total assets on its 2024 IRS Form 990. Its revenue that year was $2.9M.

What is Promesa Foundation Inc?

Promesa Foundation Inc is a public charity focused on Mental Health & Crisis Intervention, based in Bronx, NY. It holds $28.9M in total assets as of 2024.

Where does Promesa Foundation Inc operate?

Promesa Foundation Inc has awarded grants in New Jersey, New York, Puerto Rico.

What is Promesa Foundation Inc's EIN?

Promesa Foundation Inc's EIN (Employer Identification Number) is 13-3411787. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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