Asesores Financieros Comunitarios Inc

aka 660701458   |   San Juan, PR   |  www.afc.pr

Mission

Provide services that empower the sound management and sustainability of non-profit organizations through our team of volunteers, professionals and students.

Ruling year info

2010

Executive Director

Sonia M. Carrasquillo

Main address

Po Box 192726

San Juan, PR 00919 USA

Show more contact info

EIN

66-0701458

NTEE code info

Management & Technical Assistance (S02)

Adult, Continuing Education (B60)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

The misinformation in the third sector in matters of administration, accounting and fiscal compliance.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Training Program

It addresses the specialized knowledge needs of Nonprofit Organizations. This program offers workshops in the areas of accounting, administration and compliance. Our workshops have a practical teaching approach so that they can be applied within the work environment

Population(s) Served
Adults

It consists of the direct intervention of an advisor to deal with the administrative and fiscal matters of Non-Profit Organizations, by referring to CPA or other professionals who have the expertise to offer the service. Similarly, through this program, reports on use and compliance are made to social investors.

Population(s) Served
Adults

It's created with the purpose of supporting Non-Profit Organizations (NPOs) in improving their administrative processes. In it, the participation of university students of Business Administration, Accounting, Finance or Human Resources in the NPOs is encouraged, who can gain practical experience that will help them strengthen their professional development and technical knowledge. Thus arousing interest in NPOs in them, serving as volunteers and as a possible employment option.

Population(s) Served
Students
Ethnic and racial groups

Where we work

Affiliations & memberships

United Way Member Agency

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of conferences held

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults

Related Program

Training Program

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

The Training Program provides various workshops to NPO professionals in various topics including accounting, administration and compliance.

Number of conference attendees

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults

Related Program

Training Program

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

The Training program workshop attendees are NPO professionals with the goal of improving their skills to help the NPOs they work with.

Maximum number of participants allowed to attend conferences

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults

Related Program

Training Program

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

The Educational Model of AFC provides the appropriate amount of participants for the workshops to be efficient and effective.

Number of organizations accessing technical assistance offerings

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults

Related Program

Technical Assistance Program

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

The Technical Assistance program provides services to NPOs who need professional help in various accounting, administrative and/or compliance topics.

Number of organizations accessing payroll and/or accounting services

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults, Academics

Related Program

Technical Assistance Program

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Asesores Financieros Universitarios provides accounting assistance to NPOs through an accounting student and a professional mentor in various accounting topics.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Develop workshops that are useful and tailored to the needs of the organizations we serve.

Strengthen the Volunteer program, so it support our strategic initiatives.

Expand the services provided to organizations under the Technical Assistance program.

Strengthen the organizational structure and administrative procedures.

Develop and update workshops of the Training program according to the needs of the NPOs.

Increase the number of volunteers for each program.

Strengthen and maintain a minimum of fifteen projects per semester in Asesores Financieros Universitarios.

Analyze the organizational structure.

Diversifying funding sources.

Develop work plan to operationalize the Strategic Plan by program area.

AFC has a strong liasion with the State Society of CPAs, Interamerican University of Puerto Rico, First Bank and other organizations which helps it promote their services to diverse professionals, and encourage them to participate as volunteers. These volunteers help AFC develop and facilitate workshops to NPO professionals and provide other services through the Technical Assistance Program. Asesores Financieros Comunitarios also has the backing of many Foundations in Puerto Rico who are committed to the cause and every year support AFC with grants or projects.

Asesores Financieros Comunitarios is arduously working towards reaching a greater number of nonprofits organizations in Puerto Rico through its programs. Currently, AFC is reaching approximately 15% of the target population, with goals to reach at least 35% in the next 5 years.

Financials

Asesores Financieros Comunitarios Inc
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
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  • Compare nonprofit financials to similar organizations

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Asesores Financieros Comunitarios Inc

Board of directors
as of 3/2/2021
SOURCE: Self-reported by organization
Board co-chair

Mr. José Teruel

Banco Popular de Puerto Rico

Term: 2018 - 2020


Board co-chair

CPA Orlando Vázquez

Grupo Ferré Rangel

Term: 2018 - 2020

Claudia Motta

Reichard & Escalera

Miriam Quintero

University of Puerto Rico

Agnes Suárez

AIG Insurance Co.

Rosana Lopez

KPMG

Jorge Mejias

Fusion Works Consultants

Socorro Rivas

Héctor González

Merrill Lynch

Nilda Olmeda

Acción Social de PR

Lourdes Sobrino

Lulu Solutions

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 08/29/2019

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity
Hispanic/Latino/Latina/Latinx
Gender identity
Female, Not transgender (cisgender)
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

 

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 08/29/2019

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Policies and processes
  • We have community representation at the board level, either on the board itself or through a community advisory board.