Promesa Foundation Inc
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.
Promesa Foundation Inc at a glance
In short: Promesa Foundation Inc gave $32K across 2 grants in 2024 (avg $16K), mostly in New York. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $32,000
- -48.4% vs 2023
- Grants made (2024)
- 2
- -60.0% vs 2023
- Average grant
- $16,000
- +29.0% vs 2023
- Median grant
- $16,000
- Total assets
- $28,897,630
- +2.7% vs 2023
- Primary geography
- New York (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Promesa Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
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
The most common grant size was under $50K: 12 grants of 12 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $32K (2024) to $68K (2022). In 2024 it made 2 grants totaling $32K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| National Puerto Rican Day Parade New York, NY | Sponsorship | $20,000 |
| 111th STREET OLD TIMERS BOYS INC New York, NY | Sponsorship | $12,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $28,897,630 | $2,929,456 | $2,401,050 | $32,000 | 2 | $90,153 |
| 2023 | $28,143,138 | $3,174,360 | $3,214,180 | $62,000 | 5 | $94,254 |
| 2022 | $28,348,325 | $3,501,347 | $2,745,519 | $67,500 | 5 | $143,139 |
| 2021 | $24,684,933 | $3,536,945 | $2,658,136 | — | — | $102,555 |
| 2020 | $24,962,578 | $1,635,506 | $2,494,003 | — | — | $105,973 |
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.
Focus Areas
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.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 13, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 12, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Promesa Foundation Inc funds
Mental Health & Crisis Intervention Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Promesa Foundation Inc's focus areas in our free grants database
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