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Research and Public Policy : Social and Public Policy Research

Center for the New Economy

We seek to be policy relevant, not policy neutral

four stars

91.24

P.O Box 9024240 San Juan, PR 00902
tel: (787) 622-1120   Web Site
EIN: 66-0566096

Board Leadership
Enrique J. Vila-Biaggi
Chairperson

CEO
Miguel A. Soto-Class
President

  Score
(out of 100)
Rating
Overall Score & Rating 91.24 four stars
  Financial 94.31 four stars
  Accountability & Transparency 89.00 three stars
This rating was published 06/01/2019 and includes data from FY2017, the most recent 990 received at that time.

The Center for a New Economy (CNE) is an independent, non-partisan think-tank that advocates for the development of a new economy for Puerto Rico. Founded in 1998, CNE produces rigorous public policy research and analysis, and is one of the most credible and influential voices on Puerto Rico's economy. As a think tank, we are guided by the following values:

The Center for a New Economy (CNE) is an independent, non-partisan think-tank that advocates for the development of a new economy for Puerto Rico. Founded in 1998, CNE produces rigorous public policy research and analysis, and is one of the most credible and influential voices on Puerto Rico's economy. As a think tank, we are guided by the following values:

Impact Information

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Financial

four stars

94.31

Accountability & Transparency

three stars

89.00

This rating was published 06/01/2019 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
82.6%
  Administrative Expenses 9.3%
  Fundraising Expenses 8.0%
  Fundraising Efficiency $0.07
  Working Capital Ratio (years) 0.49
  Program Expenses Growth 88.4%
  Liabilities to Assets 9.3%
All data for Financial Performance Metrics calculations was provided by Center for the New Economy on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Center for the New Economy on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Center for the New Economy (PR) 91.24 four stars
CLASP (DC) 95.42 four stars
Council for a Strong America (DC) 95.16 four stars
Middle East Forum (PA) 88.61 three stars
Public Agenda (NY) 91.07 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $11,277,294
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $11,277,294
   Program Service Revenue $0
Total Primary Revenue $11,277,294
   Other Revenue $17,036
TOTAL REVENUE $11,294,330
   
EXPENSES  
   Program Expenses $9,469,366
   Administrative Expenses $589,831
   Fundraising Expenses $654,307
TOTAL FUNCTIONAL EXPENSES $10,713,504
   
Payments to Affiliates $0
Excess (or Deficit) for the year $580,826
   
Net Assets $2,499,872

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Puerto Rico Recovery Fund Relief Supplies $8,148,666 86.1%
Growth Commission for Puerto Rico $1,069,130 11.3%
Open Spaces $251,570 2.7%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-12 06/01/2019 91.24 four stars
2016-12 05/01/2018 87.15 three stars
2015-12 04/01/2017 82.15 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 66-0566096
Name in IRS Master File CENTER FOR THE NEW ECONOMY INC
NTEE Code B90
NTEE Classification Educational Services and Schools - Other
NTEE Type Educational Institutions and Related Activities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date April, 2000
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
  • December, 2012
Compensation % of Expenses Paid to Title
$241,300 2.25% Miguel A. Soto Class President

Highly Rated

Charity Name & State Overall Score Overall Rating
Center for the New Economy (PR) 91.24 four stars
American Constitution Society for Law and Policy (DC) 88.13 three stars
New York Public Interest Research Group Fund (NY) 90.27 four stars
American Youth Policy Forum (DC) 91.69 four stars
Commonwealth Foundation (PA) 88.36 three stars

Compare These Charities (Highly Rated)

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Charity Contact Info

Center for the New Economy
P.O Box 9024240
San Juan, PR 00902
tel: (787) 622-1120
EIN: 66-0566096

Visit Web Site

Board Leadership

Enrique J. Vila-Biaggi
Chairperson

CEO

Miguel A. Soto-Class
President

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