Form CHAR500

'/ i thi/ oAnnual Fling for Charitable Organizations

New York State Department of Law (Office of the Attorney General)Charities Bureau - Registration Section

120 BroadwayNew York, NY 10271

oS2011

I General Information

a. For the fiscal year beginning (mmlddlyyyy) 01/01 / 20 11 and ending (mm/dd/nffy) 12/31/2011b. Check if applicable for NYS: c. Name of organization d. Fed, employer ID no. (EIN) (## 4t######)

Address change 13-3869493Name change e. NY State registration no. (lilt lilt lilt)

El Initial filing NATIONAL PUERTO RICAN DAY PARADE, INC. 65-71- 11Final filing

Number and street (or P.O. box if mail not delivered to street address) Room/suite f. Telephone number

ElAmended filing2804 THIRD AVE City or town, state or country and zip + 4 g. Email

NY registration pending BRONX. NY 10455

Certification -Two SigiattJresReqUiEed

We certify under penalties of perjury that we review d this report, including all attachments, and to the best of our knowledge and belief, they aretrue, correct and complete in accordance with the I ws of the 9jate of New York applicable to this report.

a PreithtorAt'thrtzedOfficet I..'

1i

Date

j Date

i. Annual Reptrt ExemptJ lnfrmat3ona. Article 7-A annual report exemption (Article 7-A registrants and dual registrants)

Check I

if total contributions from NY State (including residents, foundations, corporations, government agencies, etc.) did not exceed$25,000 and the organization did not engage a professional fund raiser (PFR) or fund raising counsel (FRC) to solicitcontributions during this fiscal year.

NOTE: An organization may claim this exemption if no PFR or FRC was used and either: 1) it received an allocation from a federated fund,United Way or incorporated community appeal and contributions from other sources did not exceed $25,000 or 2) it received all orsubstantially all of its contributions from one government agency to which it submitted an annual report similar to that required by Article 7-A.

b. EPTL annual re rt exemption (EPTL registrants and dual registrants)Check if gross receipts did not exceed $25,000 and assets (market value) did not exceed $25,000 at any time during this fiscal year.

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4 MtIe1-A $hedu1esIf you did not check the Article 7-A annual report exemption above, complete the following for this fiscal year:

a. Did the organization use a professional fund raiser, fund raising counsel or commercial co-venturer for fund raising activity in NY State? Yes No* If "Yes", complete Schedule 4a.

b. Did the organization receive government contributions (grants)? ..................................................................Yes No* If "Yes", complete Schedule 4b.

5 e Submjtd Sos asf page r su nm y f tea reqwrementsIndicate the filing fee(s) you are submitting along with this form:

a. Article 7-A filing fee ...........................................$b. EPTL filing fee ...............................................$c. Total fee ...................................................$

25 Submit only one check or money order for the25 total fee, payable to "NYS Department of Law"50

6. Attachments - For organizations that are not claiming annual report exemptions under both laws, see last page for required attachments 4449

I CHAR500-2011

NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493Shedu1e 4a Professional fund aIser.s (PfR Ftrnd a1skg counsels (FR,C). Commecla oVenturers CVIf you checked the box in question 4.a. on page 1, complete the following schedule for each PFR, FRC or CCV that the organization engaged forfund raising activity in NY State:

1. Type of fund raising professional (FRP):

Professional fund raiser ...............................................................................................Fund raising counsel ................................................................................................. ECommercial co-venturer ...............................................................................................

2. Name ofFRP:

G.A.L.O.S Corporation

Number and street (or P.O. box if mail is not delivered to street address):

113 Broadway

City or town, state or country and zip + 4:

N.Y., N.Y. 10010

3. FRP telephone number:

(212) 234-11774. Services provided by FRP (provide description):

Provide Gala Dinner, Magazine, and publication

5. Compensation arrangement with FRP (provide description):compensation is 27% of funds collected.

6. Dates of contract .................................................01/01/2011 through 12/31/2011(mm/dd/yyyy) (mm/dd/yyyy)

7. Amount paid to FRP ............................................................................. $ 85,919

8. If services were provided by a CCV, did the CCV provide the charitable organization with the interim report(s) required by § 173-a. 3 of theExecutive Law? N/A

CHAR500 -2011

NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493Shdue 4b c.3overnment contrbutk*s Granta)

If you checked the box in question 4.b. on page 1, complete the following schedule for each government contribution (grant). Use additional copiesof this page if necessary to list each government contribution (grant) separately.

Government Agency Name Grant Amount

$$$$$$$$$$$$$$$$$$

$$$$$$$$$

1bta Government Contrib*fton {Grant $ o

3 CHAR500-2011

-

NATIONAL PUERTO RICAN DAY PARADE, INC. 13-38694935. Fee Instructions

The filing fee depends on the organization's Registration Type. For details on Registration Type and filing fees, see the Instructions for Form CHAR500.

Organization's Registration Type Fee Instructions

Article 7-A Calculate the Article 7-A filing fee using the table in part a below. The EPTL filing fee is $0.

EPTL Calculate the EPTL filing fee using the table in part b below. The Article 7-A filing fee is $0.

Dual Calculate both the Article 7-A and EPTL filing fees using the tables in parts a and b below. Add the Article 7-Aand EPTL filing fees together to calculate the total fee. Submit a RjUgk check or money order for the total fee.

a) Article 7-A filing lee

Total Support & Revenue I Article 7-A Fee

more than $250,000 $25

up to $250,000 * $10

b) EPTL filing fee

* Any organization that contracted with or used the services of a professional fundraiser (PFR) or fund raising counsel (FRC) during the reporting period must payan Article 7-A filing fee of $25, regardless of total support and revenue.

Net Worth at End of Year EPTL Fee

Less than $50,000 $25

$50,000 or more, but less than $250,000 $50

$250,000 or more, but less than $1,000,000 $100

$1,000,000 or more, but less than $10,000,000 $250

$10,000,000 or more, but less than $50,000,000 $750

$50,000,000 or more $1500

6. Attachments - Document Attachment Check-List

Check the boxes for the documents you are attaching.

For All Filers

Filing Fee

Single check or money order payable to "NYS Department of Law'

Copies of Internal Revenue Service Forms

FXJ IRS Form 990

All required schedules (includingSchedule B)

IRS Form 990-T

IRS Form 990-EZ

All required schedules (includingSchedule B)

IRS Form 990-T

E IRS Form 990-PF

All required schedules (includingSchedule B)

IRS Form 990-T

Additional Article 7-A Document Attachment Requirement

Independent Accountant's Report

FK Audit Report (total support & revenue more than $250,000)

Review Report (total support & revenue $100,001 to $250,000)

El No Accountant's Report Required (total support & revenue not more than $100,000)

4 CHAR500-2011

- Form 9 9 0 Return of Organization Exempt From Income TaxUnder section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung

benefit trust or private foundation)Department of the Treasuryinternal Revenue Service The organization may have to use a copy of this return to satisfy state reporting requirements.A For the 2011 calendar year, or tax year beginningB Check if applicable: C Name of organization NATIONAL PUERTO RICAN DAY

Address change Doing Business AsName change Number and street (or P.O. box if mail is not delivered to street addressInitial return 2804 THIRD AVE

jJ Terminated City or town, state or country, and ZIP + 4

and

E Telephone number

OMB No. 1545-0047

©11

D Employer Identification number

13-3869493

Amended return BRONX NY 10455 1 G Gross receipts $ 440,055Application pending F Name and address of principal officer: H(a) Is this a group return for affiliates? Yes No

Madelyn Lugo Same as C above, Bronx, NY 10455 H(b) Are all affiliates included? Eli Yes -] No

I Tax-exempt status: 501 (c)(3) El 501(c) ( ) I (insert no.) 4947(a)(1) or 527 If "No, attach a list. (see instructions)

J Website: 11, H(c) Group exemption number

K Form of organization: Corporation Trust Association Other L Year of formation: M State of legal domicile: NY•iii. Summary

cc

ca

I Briefly describe the organization's mission or most significant activities To promote Cultural activities invoIvinPuerto------------------' eqn 9 parade for exhibition to the public at large

2 Check this box if the organization discontinued its operations or disposed of more than 25% of its net assets.3 Number of voting members of the governing body (Part VI, line Ia) ............3 74 Number of independent voting members of the governing body (Part VI, line I b) ......4 75 Total number of individuals employed in calendar year 2011 (Part V, line 2a) .......5 06 Total number of volunteers (estimate if necessary) ..................6 157a Total unrelated business revenue from Part VIII, column (C), line 12 ...........7a 0b Net unrelated business taxable income from Form 990-T, line 34 7b 0

Prior Year I Current Year

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UCaXW

8 Contributions and grants (Part VIII, line lh) ..............-9 Program service revenue (Part VIII, line 2g) ..............-

10 Investment income (Part VIII, column (A), lines 3, 4, and 7d) .......-11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, lOc, and lie). . -12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12). -13 Grants and similar amounts paid (Part IX, column (A), lines 1-3) ......-14 Benefits paid to or for members (Part IX, column (A), line 4) ........-15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10).-16a Professional fundraising fees (Part IX, column (A), line lie) .......

b Total fundraising expenses (Part IX, column (D), line 25 -85,91917 Other expenses (Part IX, column (A), lines ha-lid, 11f-24e) .......-18 Total expenses. Add lines 13-17 (must equal Part IX, column (A), line 25) -19 Revenue less expenses. Subtract line 18 from line 12 .........

0790

40

794000

721

611,129-188,335

of Current Year

0440,055

00

440,055000

85,919

559,771645,690

-205,635End of Year

U 1 20 Total assets (Part X, line 16) . . . . . . . . . . . . . . . . . . . 4,228 I 06021 Total liabilities (Part X, line 26) ..................678,920 38722 Net assets or fund balances. Subtract line 21 from line 20 -674,692 -8 327

i. i• Signature BlockUnder penalties of perjury, I dlare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledgeand belief, it is true, correct, gind coryle,t. Declj(ion of preparer (other than officer) is based on all information of which preparer has any jhowlqdge.

Sign t, / IHere D

Type or print name aird title

I ROSE BAUM I

Print/Type preparer's name

ROSE BAUM

Preparer's signature I Date I I PTIN

PreparerCheck flPaid I

,'---V'-----__ 4/23/2012 I self-employed 1P00648699'IUse Only Firm's name W I Firm's EIN

IFirm's address Do- P.O. Box 275, NANUET, NY 10954 I Phone no. (212)769-3633May the IRS discuss this return with the preparer shown above? (see instructions) jJ Yes NoFor Paperwork Reduction Act Notice, see the separate instructions. Form 990 (2011)(HTA)

- Form 990 (2011) NATIONAL PUERTO RICAN DAY PARADE, INC 13-3869493 Page 2• •TiiiI• Statement of Program Service Accomplishments

Check if Schedule 0 contains a response to any question in this Part III ............ LIIII Briefly describe the organization's mission:I.o PS Cu ltu re

2 Did the organization undertake any significant program services during the year which were not listed onthe prior Form 990 or 990-El? ............................... Yes NoIf Yes,' describe these new services on Schedule 0.

3 Did the organization cease conducting, or make significant changes in how it conducts, any programservices? ....................................... Yes NoIf "Yes," describe these changes on Schedule 0.

4 Describe the organization's program service accomplishments for each of its three largest program services, as measured byexpenses. Section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts are required to report the amount ofgrants and allocations to others, the total expenses, and revenue, if any, for each program service reported.

4a (Code: . )-Expenses $ -------- grants of $ -) (Revenue $Dinner, Parade and Journal to promote Puerto Rican cuJture.

4b (Code: .-------------) (Expenses $ -0 including grants of $ -) (Revenue $

4c (Code:) (Expenses $ .0 including grants of $ -) (Revenue $

4d Other program services. (Describe in Schedule 0.)(Expenses $ 0 including grants of $ 0 ) (Revenue $ 0) -

4e Total program service expenses P 559,771Form 990 (2011)

Jo 3

No

X

X

X

X

X

X

X

X

Form 990 (2011) NATIONAL PUERTO RICAN DAY PARADE, INC. 13-38694931st of Required Schedules

I Is the organization described in section 501 (c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes,"complete Schedule A .................................... IX

2 Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? ....... 23 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to

candidates for public office? If "Yes," complete Schedule C, Part / ................... 34 Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h)

election in effect during the tax year? If "Yes, " complete Schedule C, Part II ............... 45 Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues,

assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C,PartIll ......................................... 5

6 Did the organization maintain any donor advised funds or any similar funds or accounts for which donorshave the right to provide advice on the distribution or investment of amounts in such funds or accounts? If"Yes," complete Schedule D, Part I .............................. 6

7 Did the organization receive or hold a conservation easement, including easements to preserve open space,the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part II ....... 7

8 Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"complete Schedule D, Part Ill ................................ 8

9 Did the organization report an amount in Part X, line 21; serve as a custodian for amounts not listed in PartX; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes,"complete Schedule D, Part IV ................................ 9

10 Did the organization, directly or through a related organization, hold assets in temporarily restrictedendowments, permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part V ..... • 10 X

II If the organization's answer to any of the following questions is "Yes," then complete Schedule D, Parts VI,VII, VIII, IX, or as applicable.

a Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," completeSchedule D, Part VI..................................... ha X

b Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or moreof its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VII............ 11b X

c Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or moreof its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIII............ lic X

d Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assetsreported in Part X, line 16? If "Yes," complete Schedule D, Part IX................... lid X

e Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part X. lie Xf Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses

the organization's liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part X. hf X12a Did the organization obtain separate, independent audited financial statements for the tax year? If"Yes," complete

Schedule D, Parts XI, XII, and XIII............................... 12a Xb Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes,"

and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI, XII, and XIII is optional. 12b X13 Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E ....... 13 X14a Did the organization maintain an office, employees, or agents outside of the United States" ......... 14a Xb Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking,

fundraising, business, investment, and program service activities outside the United States, or aggregateforeign investments valued at $100,000 or more? If"Yes," complete Schedule F, Parts l and lV ........ 14b X

15 Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to anyorganization or entity located outside the United States? If "Yes," complete Schedule F, Parts II and IV ..... 15 X

16 Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistanceto individuals located outside the United States? If "Yes," complete Schedule F, Parts Ill and IV ....... 16 X

17 Did the organization report a total of more than $15,000 of expenses for professional fundraising serviceson Part IX, column (A), lines 6 and lie? If "Yes," complete Schedule G, Part I (see instructions)....... 17 X

18 Did the organization report more than $15,000 total of fundraising event gross income and contributions onPart VIII, lines 1 and 8a? If"Yes," complete Schedule G, Part II ................... 18 X

19 Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a?If "Yes," complete Schedule G, Part III ............................. 191 1 X

20a Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H ......... 0a I I Xb If "Yes" to line 20a. did the orqanization attach a co py of its audited financial statements to this return'? .....

Form 990 (2011)

Form 990 (2011) NATIONAL PUERTO RICAN DAY

INC. 13-3869493 Page 4I1iILY1 Checklist of Reauired Schedules (cc

I Yes I No

-r 21 Did the organization report more than $5,000 of grants and other assistance to any government or organizationI in the United States on Part IX, column (A), line 1? If "Yes," complete Schedule I, Parts / and II .......

22 Did the organization report more than $5,000 of grants and other assistance to individuals in theUnited States on Part IX, column (A), line 2? If "Yes," complete Schedule I, Parts / and Ill .........

23 Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of theorganization's current and former officers, directors, trustees, key employees, and highest compensatedemployees? If "Yes," complete Schedule J ...........................

24a Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than$100,000 as of the last day of the year, that was issued after December 31, 2002? If "Yes," answer lines24b through 24d and complete Schedule K. If "No, "go to fine 25 ...................

b Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception? .....c Did the organization maintain an escrow account other than a refunding escrow at any time during the year

to defease any tax-exempt bonds? ..............................d Did the organization act as an "on behalf of' issuer for bonds outstanding at any time during the year? .....

25a Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transactionwith a disqualified person during the year? If "Yes," complete Schedule L, Part I .............

b Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in aprior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or990-EZ? If "Yes," complete Schedule L, Part I ..........................

26 Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee, ordisqualified person outstanding as of the end of the organization's tax year? If "Yes," complete Schedule L, Part II

27 Did the organization provide a grant or other assistance to an officer, director, trustee, key employee,substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlledentity or family member of any of these persons? If "Yes," complete Schedule L, Part Ill ..........

28 Was the organization a party to a business transaction with one of the following parties (see Schedule L,Part IV instructions for applicable filing thresholds, conditions, and exceptions):

a A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV .....b A family member of a current or former officer, director, trustee, or key employee? If "Yes," complete

Schedule L, Part IV ....................................c An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof)

was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV ......29 Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M30 Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified

conservation contributions? If "Yes," complete Schedule M .....................31 Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N,

PartI .........................................32 Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?

If "Yes," complete Schedule N, Part II .............................33 Did the organization own 100% of an entity disregarded as separate from the organization under Regulations

sections 301.7701-2 and 301.7701-3? If "Yes, "complete Schedule R, Part I ...............34 Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Parts II,

III, IV, and V, fine I ....................................35a Did the organization have a controlled entity within the meaning of section 512(b)(13)? ..........

b Did the organization receive any payment from or engage in any transaction with a controlled entity withinthe meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, fine 2 ............

36 Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable relatedorganization? If "Yes," complete Schedule R, Part V, fine 2 .....................

37 Did the organization conduct more than 5% of its activities through an entity that is not a related organizationand that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, PartVI...........................................

21 X

22 X

23 X

24a X24b X

24c X24d X

25a X

25b X

26 X

27 X

28a X

28b X

28c X29 X

30 X

31 X

32 X

33 X

34 X35a X

35b X

36 X

37 X38 Did the organization complete Schedule 0 and provide explanations in Schedule 0 for Part VI, lines 11 and

19? Note. All Form 990 filers are required to complete Schedule 0....................38 1 XForm 990 (2011)

- Form 990 (2011) NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493 Page 5•ni& Statements Regarding Other IRS Filings and Tax Compliance

Check if Schedule 0 contains a response to any question in this Part V EYes I No

Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable ....... .Ia 0Enter the number of Forms W-2G included in line 1 a Enter -0- if not applicable lb 0Did the organization comply with backup withholding rules for reportable payments to vendors and reportablegaming (gambling) winnings to prize winners? . . . . . . . . . . . . . . . . . . . . . . . . . . . I c XEnter the number of employees reported on Form W-3 Transmittal of Wage and TaxStatements filed for the calendar year ending with or within the year covered by this return 2a 0If at least one is reported on line 2a, did the organization file all required federal employment tax returns? . . . 2b XNote If the sum of lines 1 a and 2a is greater than 250 you may be required to e-file (see instructions)Did the organization have unrelated business gross income of $1,000 or more during the year'? ....... . 3a XIf "Yes," has it filed a Form 990-T for this year? If "No, "provide an explanation in Schedule 0 ........At any time during the calendar year, did the organization have an interest in, or a signature or other authorityover, a financial account in a foreign country (such as a bank account, securities account, or other financialaccount) '? ........................................_____________If "Yes," enter the name of the foreign country:See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.Was the organization a party to a prohibited tax shelter transaction at any time during the tax year'? ......Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? If "Yes" to line 5a or Sb, did the organization file Form 8886-T'? ....................Does the organization have annual gross receipts that are normally greater than $100,000, and did theorganization solicit any contributions that were not tax deductible'? ..................If "Yes," did the organization include with every solicitation an express statement that such contributions orgifts were not tax deductible'? ................................Organizations that may receive deductible contributions under section 170(6).Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goodsand services provided to the payor'? ..............................If "Yes," did the organization notify the donor of the value of the goods or services provided'? ........Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it wasrequired to file Form 8282'? .................................If "Yes," indicate the number of Forms 8282 filed during the year . . . . . . . . . . . I 7d IDid the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?.Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?.If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-CSponsoring organizations maintaining donor advised funds and section 509(a)(3) supportingorganizations. Did the supporting organization, or a donor advised fund maintained by a sponsoringorganization, have excess business holdings at any time during the year'? ................Sponsoring organizations maintaining donor advised funds.Did the organization make any taxable distributions under section 4966'? ................Did the organization make a distribution to a donor, donor advisor, or related person'? ...........Section 501(c)(7) organizations. Enter:Initiation fees and capital contributions included on Part VIII, line 12 ...........lOa 0Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities. lOb 0Section 501(c)(12) organizations. Enter:Gross income from members or shareholders . . . . . . . . . . . . . . . . . . 111al 0Gross income from other sources (Do not net amounts due or paid to other sourcesagainst amounts due or received from them.) ................... lIb 0Section 4947(a)(I) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?.If "Yes," enter the amount of tax-exempt interest received or accrued during the year. . . . I 12b ISection 501(c)(29) qualified nonprofit health insurance issuers.Is the organization licensed to issue qualified health plans in more than one state'? ............Note. See the instructions for additional information the organization must report on Schedule 0.Enter the amount of reserves the organization is required to maintain by the states in whichthe organization is licensed to issue qualified health plans ..............13b 0Enter the amount of reserves on hand ......................13c 0Did the organization receive any payments for indoor tanning services during the tax year'? .........If "Yes," has it filed a Form 720 to report these payments? If "No, "provide an explanation in Schedule 0 .

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- Form 990 (2011) NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493 Page 6•flhLY1. Governance, Management, and Disclosure For each"Yes' response to lines 2 through Tb below, and fora No

response to line 8a, 8b, or lOb below, describe the circumstances, processes, or changes in Schedule 0. See instructions.Check if Schedule 0 contains a response to any question in this Part VI .............

Section A. Governing Body and Ma

I a Enter the number of voting members of the governing body at the end of the tax year. . laIf there are material differences in voting rights among members of the governing body, orif the governing body delegated broad authority to an executive committee or similarcommittee, explain in Schedule 0.

b Enter the number of voting members included in line I a, above, who are independent. . lb2 Did any officer, director, trustee, or key employee have a family relationship or a business relationship with

any other officer, director, trustee, or key employee? ......................3 Did the organization delegate control over management duties customarily performed by or under the direct

supervision of officers, directors, or trustees, or key employees to a management company or other person?.4 Did the organization make any significant changes to its governing documents since the prior Form 990 was filed?.5 Did the organization become aware during the year of a significant diversion of the organization's assets?.6 Did the organization have members or stockholders'? ....... ................7a Did the organization have members, stockholders, or other persons who had the power to elect or appoint

one or more members of the governing body? ........................b Are any governance decisions of the organization reserved to (or subject to approval by) members,

stockholders, or persons other than the governing body? ....................8 Did the organization contemporaneously document the meetings held or written actions undertaken during

the year by the following:a The governing body? ..................................b Each committee with authority to act on behalf of the governing body? ...............

9 Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached

Yes No7/..

12 X

at the organization's mailing address? If "Yes, "provide the names and addresses in Schedule 0 I 9 I J XSection B. Policies (This Section B requests information about policies not required by the Internal RevenueCode.)

Yes No

lOa Did the organization have local chapters, branches, or affiliates'? ....................lOa Xb If "Yes," did the organization have written policies and procedures governing the activities of such chapters,

affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?. . lOb -11a Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ha X

b Describe in Schedule 0 the process if any, used by the organization to review this Form 99012a Did the organization have a written conflict of interest policy? If "No," go to line 13 .............12a X -

b Were officers, directors, or trustees, and key employees required to disclose annually interests that could give se to conflicts? 12b Xc Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes,"

describe in Schedule 0 how this was done ............................12c X -13 Did the organization have a written whistleblower policy'? .......................13 X -14 Did the organization have a written document retention and destruction policy'? ..............14 X15 Did the process for determining compensation of the following persons include a review and approval by

independent persons comparability data and contemporaneous substantiation of the deliberation and decision'?a The organization's CEO, Executive Director, or top management official ................. l5a X -b Other officers or key employees of the organization .........................15b X -

If Yes to line 15a or 15b describe the process in Schedule 0 (see instructions)16a Did the organization invest in contribute assets to or participate in a joint venture or similar arrangement

with a taxable entity during the year'? ..............................16a Xb If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its

participation in joint venture arrangements under applicable federal tax law, and take steps to safeguardthe organization's exempt status with respect to such arrangements'? ..................l6b - -

Section C. Disclosure17 List the states with which a copy of this Form 990 is required to be filed io. NY18 Section 6104 requires an organization to make its Forms 1023 (or 1024 if applicable), 990, and 990-1 (Section 501 (c)(3)s only)

available for public inspection. Indicate how you made these available. Check all that apply.E Own website Another's website Upon request

19 Describe in Schedule 0 whether (and if so, how), the organization made its governing documents, conflict of interestpolicy, and financial statements available to the public.

20 State the name, physical address, and telephone number of the person who possesses the books and records of theorganization: -MlynL.uo 71.491:910.4

SAME, Bronx, NY 10455Form 990 (2011)

Form 990 (2011) NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493 Page 71fl1&Y1iU Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated

-. Employees, and Independent Contractors- Check if Schedule 0 contains a response to any question in this Part VII El

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated EmployeesI a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within theorganization's tax year.

• List all of the organization's current officers, directors, trustees (whether individuals or organizations), regardless of amountof compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

• List all of the organization's current key employees, if any. See instructions for definition of "key employee."• List the organization's five current highest compensated employees (other than an officer, director, trustee, or key employee)

who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from theorganization and any related organizations.

• List all of the organization's former officers, key employees, and highest compensated employees who received more than$100,000 of reportable compensation from the organization and any related organizations.

• List all of the organization's former directors or trustees that received, in the capacity as a former director or trustee of theorganization, more than $10,000 of reportable compensation from the organization and any related organizations.List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highestcompensated employees; and former such persons.

Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.(C)

(A)Name and Title

- (1) - MaynLgoChairperson- _(2)_ - Mel issa QuslaVice-Chairperson

(3) Trinity A. Padilla

(B)Averagehours per

week(describehours forrelated

organizationsin Schedule

0)

Position(do not check more than onebox, unless person is both anofficer and a direct Qr/ust

- CD flCL

0.U)

ts.-a

CD

CD

D

a

CDCD0.

(0) (E)

Reportable Reportable

compensation compensationfrom from relatedthe organizations

organization (W-2/1 099-MISC)(W-2/1 099-MISC)

(F)Estimatedamount of

othercompensation

from theorganizationand related

organizations

IC

ru

'II X1 II 01 0

,zIIe X I I II 01 0

1.00

X I I II 01 0(4) Shirley Cox

Treasurer - - 1.00 X 0 0(5) Luis Rivera

General Coordinator 1 1.00_X _0_0(6) Rafael Dorninuez

Director of External Affairs 1.00 X1 II 01 0Elizabeth We!la

Member 1.00 X1 II 01 0--(8)

- (9)

(ip)

J1.2)

il")- --------------------------------------------

Form 990 (2011)

- Form 990 (2011)

V

Employees, and Highest Compensated Employees(C)

Position(do not check more than one (D) (E)box, unless person is both an Reportable Reportableofficer and adirector/truste compensation compensationo - i -ii from from relateda - the organizations

. , organization V-2/1 099-MISC)c (N-2/1 099-MISC)

'0

CD =

a

Section A. Officers, Directors, Trustees

(A)

(B)Name and title Average

hours perweek

(describehours forrelated

organizationsin Schedule

0)

NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493 Page 8

(F)Estimatedamount of

othercompensation

from theorganizationand related

organizations

£1.6)

£19)

(21)

(22)

j3)

lb Sub-total .............................0 0c Total from continuation sheets to Part VII, Section A ......... . P' 0 0d Total (add lines lb and Ic).......................0 0

2 Total number of individuals (including but not limited to those listed above) who received more than $100,000 ofreoortable com pensation from the orQanization 0

Yes No3 Did the organization list any former officer, director, or trustee key employee or highest compensated

employee on line 1 a? If 11Yes," complete Schedule J for such individual ................. 3 X4 For any individual listed on line Ia is the sum of reportable compensation and other compensation from

the organization and related organizations greater than $150,000? If 'Yes complete Schedule J for suchindividual ......................................... 4 X

5 Did any person listed on line 1 receive or accrue compensation from any unrelated organization or individualfor services rendered to the organization? If 'Yes,' complete Schedule J for such person 5 X

Section B. Independent ContractorsI Complete this table for your five highest compensated independent contractors that received more than $100,000 of

compensation from the organization. Report compensation for the calendar year ending with or within the organization's taxyear.

(A)

(B) (C)Name and business address Description of services Compensation

2 Total number of independent contractors (including but not limited to those listed above) who receivedmore than $100,000 of compensation from the organization 0, 0

Form 990 (2011)

- Form 99O(2011) NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493 Page 9- . : 1fli&YAIIU Statement of Revenue

(A) (B) (C) (D)Total revenue Related or Unrelated Revenue

exempt business excluded fromfunction revenue tax under sectionsrevenue _____________ 512,513 or 514

. . 1 Federated campaigns la 0

c b Membership dues lb 0in Fundraising events Ic 0

. d Related organizations Id 0uF e Government grants (contributions) le 02 f All other contributions gifts grants and

. similar amounts not included above If 0g Noncash contributions included in lines la-1f: $ 0h Total Add lines la-If 0 __________

Business Code

2a Gala Banquet Revenue 900099 159,786 159,786b Parade Participation Revenues -900099 185,363 185,363C Journal Revenues 900099 20,000 20,000d Various Concerts, Paents -900099 74,906 74,906e - 0f All other program service revenue. . . . 0...g Total. Add lines 2a-2f 440,055

3 Investment income (including dividends, interest, andother similar amounts) ............... 0

4 Income from investment of tax-exempt bond proceeds. . 05 Royalties .................... 0..

(I) Real (ii) Personal

6a Gross rents b Less rental expenses c Rental income or (loss) 0 0d Net rental income or (loss) ...............0.

7a Gross amount from sales of (t) Securities (ii) Other

assets other than inventory 0 0b Less: cost or other basis .....:•:: :::f:..:...:..:::::..: ..::......:......:...: .

and sales expenses 0 0c Gain or (loss) 0 0d Net gain or (loss) ................... ... . ...........

G)8a Gross income from fundraising

events (not including $ 0of contributions reported on line Ic)See Part IV line 18 a 0

b Less direct expenses b 0c Net income or (loss) from fundraising events 0

9a Gross income from gaming activitiesSee Part IV line 19 a 0

b Less direct expenses b 0c Net income or (loss) from gaming activities 0

lOa Gross sales of inventory, lessreturns and allowances a 0

b Less cost of goods sold b 0c Net income or (loss) from sales of inventory . . . 0

Miscellaneous Revenue Business Code

ha 0b _____ 0C 0d All other revenue ........... 0e Total Add lines Ila—Ild 0

- 12 Total revenue. See instructions ..............440,055 440,055 0 0Form 990 (2011)

85,91

SI

0000

49043,759

f....:.

75.750

11107

0 ::::,::::::.

0

00

0

00

000

0

18,000 18,000

8,500 8,5000

.

.

51,421 51,421

14,63 14,630.0

52

14, 14,526

3,1701

3.170

49043,759

165,96875,750

5,242113,20845,107

559.771 p 85,919

- Form 990 (2011)

Form 990 (2011) NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493 Page 10•flii Statement of Functional Expenses

-. Section 501(c) (3) and 501(c) (4) organizations must complete all columns. All other organizations must complete column (A) but arenot required to complete columns (B), (C), and (D).

Check if Schedule 0 contains a response to any question in this Part IX ................

Do not include amounts reported on lines 6b, (A) (B) (C) (D)

8b, 9b, and lOb of Part VIII Total expenses Program service Management and Fundraising

I Grants and other assistance to governments andorganizations in the United States. See Part IV, line 21

2 Grants and other assistance to individuals in theUnited States. See Part IV, line 22 ........

3 Grants and other assistance to governments,organizations, and individuals outside theUnited States. See Part IV, lines 15 and 16

4 Benefits paid to or for members .........

5 Compensation of current officers, directors,trustees, and key employees ..........

6 Compensation not included above, to disqualifiedpersons (as defined under section 4958(f)(1)) andpersons described in section 4958(c)(3)(B)

7 Other salaries and wages ...........

8 Pension plan accruals and contributions (includesection 401(k) and 403(b) employer contributions).

9 Other employee benefits ............

10 Payroll taxes ................11 Fees for services (non-employees):a Management ................b Legal ...................c Accounting .................d Lobbying ................._______________e Professional fundraising services. See Part IV, line 17 f Investment management fees .........._______________gOther ...................___________

12 Advertising and promotion ..................______________

13 Office expenses .....................______________

14 Information technology ............_______________

15 Royalties ................._______________

16 Occupancy .......................______________

17 Travel ..................18 Payments of travel or entertainment expenses

for any federal, state, or local public officials

19 Conferences, conventions, and meetings .....

20 Interest ..................

21 Payments to affiliates .............

22 Depreciation, depletion, and amortization .....

23 Insurance .................24 Other expenses. Itemize expenses not covered

above (List miscellaneous expenses in line 24e. Ifline 24e amount exceeds 10% of line 25, column(A) amount, list line 24e expenses on Schedule 0.)

a Food b Sound and _M_ 6 s- i-usic C Telephoned Registration, Broadcast and other services fees e All other expenses various parade expenses

25 Total functional expenses. Add lines 1 through

26 Joint costs. Complete this line only if theorganization reported in column (B) joint costsfrom a combined educational campaign andfundraising solicitation. Check here Diffollowing SOP 98-2 (ASC 958-720) .......

(A)Beginning of year -

2,196 1020304

low

0 60 70 80 9

2,032 lOc0 110 120 130 140 15

4,228 16678,920 17

0 180 190 200 21

0 220 230 24

0 2567

0 26

-674.69 270 280 29

0 300 310 32

-674692 3334

13-3869493 Page 11

(B)End of year

8,518000

... .......0,

0000

1,54200000

10,060890,387

0000

000

0890,387

-880,32700

000

-880,32710,060

Form 990 (2011)

I2345

6

(I,

cZ 89

1 0a

b111213141516171819202122

-i232425

26

(I)w0Cc 27

2829

U-I-0U)

30(I,tn 31

32Z 33

34

Form 990 (201

NATIONAL PUERTO RICAN DAY PARADE, INC.e Sheet

Cash—non-interest-bearing .................Savings and temporary cash investments ............Pledges and grants receivable, net ..............Accounts receivable, net ..................Receivables from current and former officers, directors, trustees, keyemployees, and highest compensated employees. Complete Part II ofSchedule L .......................Receivables from other disqualified persons (as defined under section4958(f)(1)), persons described in section 4958(c)(3)(B), and contributingemployers and sponsoring organizations of section 501(c)(9) voluntaryemployees' beneficiary organizations (see instructions) .......Notes and loans receivable, net ................Inventories for sale or use ..................Prepaid expenses and deferred charges .............Land, buildings, and equipment: cost orother basis. Complete Part VI of Schedule D lOa 23,8Less: accumulated depreciation. . . lOb 22,27Investments—publicly traded securities .............Investments—other securities. See Part IV, line 11 ........Investments—program-related. See Part IV, line 11 ........Intangible assets .....................Other assets. See Part IV, line 11 ...............Total assets. Add lines I through 15 (must equal line 34)Accounts payable and accrued expenses ............Grants payable ......................Deferred revenue .....................Tax-exempt bond liabilities .................Escrow or custodial account liability. Complete Part IV of Schedule DPayables to current and former officers, directors, trustees, keyemployees, highest compensated employees, and disqualifiedpersons. Complete Part Il of Schedule L ............Secured mortgages and notes payable to unrelated third partiesUnsecured notes and loans payable to unrelated third parties .Other liabilities (including federal income tax, payables to related thirdparties, and other liabilities not included on lines 17-24). CompletePart X of Schedule D ....................Total liabilities. Add lines 17 through 25Organizations that follow SFAS 117, check here andcomplete lines 27 through 29, and lines 33 and 34.Unrestricted net assets ...................Temporarily restricted net assets ...............Permanently restricted net assets ...............Organizations that do not follow SFAS 117, check here P1111and complete lines 30 through 34.Capital stock or trust principal, or current funds ..........Paid-in or capital surplus, or land, building, or equipment fund .Retained earnings, endowment, accumulated income, or other fundsTotal net assets or fund balances ...............Total liabilities and net assets/fund balances ...........

Form 990(2011) NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493 Page 12•: i• Reconciliation of Net Assets

Check if Schedule 0 contains a response to any question in this Part XI

I Total revenue (must equal Part VIII, column (A), line 12) ..................2

Total expenses (must equal Part IX, column (A), line 25) ..................3

Revenue less expenses. Subtract line 2 from line I ....................4

Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) .....5

Other changes in net assets or fund balances (explain in Schedule 0) .............6

Net assets or fund balances at end of year. Combine lines 3, 4, and 5 (must equal Part X, line 33,column (B)) ...................................Ml Financial Statements and Reporting

Check if Schedule 0 contains a response to any question in this Part XII

1 4402 6453 -2054 -674

-880

I Accounting method used to prepare the Form 990: Cash Accrual OtherIf the organization changed its method of accounting from a prior year or checked "Other," explain inSchedule 0.

2a Were the organization's financial statements compiled or reviewed by an independent accountant? ......b Were the organization's financial statements audited by an independent accountant'? ...........C If "Yes" to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of

the audit, review, or compilation of its financial statements and selection of an independent accountant? .If the organization changed either its oversight process or selection process during the tax year, explain inSchedule 0.

d If "Yes" to line 2a or 2b, check a box below to indicate whether the financial statements for the year wereissued on a separate basis, consolidated basis, or both:

Separate basis R Consolidated basis Both consolidated and separate basis3a As a result of a federal award, was the organization required to undergo an audit or audits as set forth in

the Single Audit Act and OMB Circular A-133? .........................b If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the

req uired audit or audits, exp lain why in Schedule 0 and describe an y steps taken to undergo such audits.

Yes No

2a X

3a X

3bForm 990 (2011)

• Form 990-T Exempt Organization Business Income Tax Return OMB No. 1545-0687

(and proxy tax under section 6033(e)) I 2011

Department of the Treasury-. Internal Revenue Service

A 111Check box ifaddress changed

B Exempt under section

EXI 501 ( C )(3Fj 408(e) 220(e)

Fj 408A F 530(a)

For calendar year 2011 or other tax year beginning, andending See separate instructions.

Name of organization ([__J Check box if name changed and see instructions.)

NATIONAL PUERTO RICAN DAY PARADE, INC.Print Number, street, and room or suite no. If a P.O. box, see instructions.

orTune 2804 THIRD AVEType

or town, state, and ZIP code

Employer Identification number(Employees trust, see instructions)

13-3869493E Unrelated business activity codes

(See instructions.)

Lj 529(a) BRONX NY 10455 I 541 800C Book value of all assets at F Group exemption number (See instructions.) P-

end of year 10,060 G Check organization type J 501(c) corporation LIII 501(c) trust E 401(a) trust Ej Other trustH Describe the organization's primary unrelated business activity. ADVERTISINGI

Dung the tax year, was the corporation a subsidiary in an affiliated group or a parent-subsidiary controlled group? . . . Yes NoIf "Yes," enter the name and identifying number of the parent corpora

tion.

J The books are in care of Madelyn Lugo Telephone number 718-401-0404•ii. Unrelated Trade or Business Income (A) Income - (B) Expenses (C) Net

I a Gross receipts or salesb Less returns and allowances c Balance Ic 0 _____________- - '..::: ...........:::::.::. .1..: *.:::.: .::. .........1.1 -

2 Cost of goods sold (Schedule A line 7) 2 _____________3 Gross profit Subtract line 2 from line Ic 3 0 04 a Capital gain net income (attach Schedule D) 4a

b Net gain (loss) (Form 4797 Part II line 17) (attach Form 4797) 4bc Capital loss deduction for trusts 4c

5 Income (loss) from partnerships and S corporations (attach statement) 5 H I I I

6 Rent income (Schedule C) .............67 Unrelated debt-financed income (Schedule E) ......78 Interest, annuities, royalties, and rents from controlled

organizations (Schedule F) ..............89 Investment income of a section 501(c)(7), (9), or (17)

organization (Schedule G) ..............910 Exploited exempt activity income (Schedule I) .......10II Advertising income (Schedule J) ............11 20,000 -.5,988 14,01212 Other income (See instructions; attach schedule.) ..... .1213 Total. Combine lines 3 through 12 13 20,000 - 5,988 - 14,012Vol

Deductions Not Taken Elsewhere (See instructions for limitations on deductions.) (Except for contributions,deductions must be directly connected with the unrelated business income.)

14 Compensation of officers, directors, and trustees (Schedule K) .................1415 Salaries and wages ................................1516 Repairs and maintenance ..............................1617 Bad debts .....................................1718 Interest (attach schedule) ...............................1819 Taxes and licenses ..................................'1920 Charitable contributions (See instructions for limitation rules.) .................. 2021 Depreciation (attach Form 4562) ...............21 '1:....22 Less depreciation claimed on Schedule A and elsewhere on return 22a 22b23 Depletion ....................................2324 Contributions to deferred compensation plans ........................2425 Employee benefit programs .............................. 2526 Excess exempt expenses (Schedule I) ..........................2627 Excess readership costs (Schedule J) ........................... 27 14,01228 Other deductions (attach schedule) ............................2829 Total deductions. Add lines 14 through 28 ......................... 29 14,012 -30 Unrelated business taxable income before net operating loss deduction. Subtract line 29 from line 13 30 0 -31 Net operating loss deduction (limited to the amount on line 30) ..................3132 Unrelated business taxable income before specific deduction. Subtract line 31 from line 30 .......32 0 -33 Specific deduction (Generally $1,000, but see line 33 instructions for exceptions.) ..........33 1,000 -34 Unrelated business taxable income. Subtract line 33 from line 32. If line 33 is greater than line

32, enter the smaller of zero or line 32 34 0 -For Paperwork Reduction Act Notice, see instructions. Form 990-T (2011)(HTA)

- Form 990-T NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493

: •fliIllI utation35

a

b

C

36

373839

Organizations Taxable as Corporations. See instructions for tax computation. Controlled groupmembers (sections 1561 and 1563) check here See instructions and:Enter your share of the $50,000, $25,000, and $9,925,000 taxable income brackets (in that order):(1)I$ I I (2)I$ I I (3)I$ I IEnter organization's share of: (1) Additional 5% tax (not more than $11,750) $(2) Additional 3% tax (not more than $100,000) ............$Income tax on the amount on line 34 .......................Trusts Taxable at Trust Rates. See instructions for tax computation. Income tax on theamount on line 34 from: Tax rate schedule or Schedule D (Form 1041) .....Proxy tax. See instructions ...........................Alternative minimum tax ............................Total. Add lines 37 and 38 to line 35c or 36. whichever aoolies .............

IIllo- 35C

11110. 37

I 39IflilkYI Tax and Payments40 a Foreign tax credit (corporations attach Form 1118; trusts attach Form 1116) 40a

b Other credits (see instructions) .................40bc General business credit. Attach Form 3800 (see instructions) ......40cd Credit for prior year minimum tax (attach Form 8801 or 8827) . . . . 40de Total credits. Add lines 40a through 40d .......................

41 Subtract line 40e from line 39 ...........................42 Other taxes. Check if from Form 4255 Form 8611E Form 8697 Form 8866 []Other (attach schedule)43 Total tax. Add lines 41 and 42 ...........................44 a Payments: A 2010 overpayment credited to 2011 ......... .44a

b 2011 estimated tax payments ..................44bc Tax deposited with Form 8868 .................44cd Foreign organizations: Tax paid or withheld at source (see instructions). 44de Backup withholding (see instructions) ..............44ef Credit for small employer health insurance premiums (Attach Form 8941) 44fg Other credits and payments: Form 2439

E Form 4136 Other Total 0 -45 Total payments. Add lines 44a through 44g .....................46 Estimated tax penalty (see instructions). Check if Form 2220 is attached .........47 Tax due. If line 45 is less than the total of lines 43 and 46, enter amount owed ........48 Overpayment. If line 45 is larger than the total of lines 43 and 46, enter amount overpaid . .49 Enter the amount of line 48 you want: Credited to 2012 estimated tax I RefundedITiLY1 Statements Renardinu Certain Activities and Other Information (see instructions

041 0

0

4546

I474849

At any time during the 2011 calendar year, did the organization have an interest in or a signature Yesor other authority over a financial account (bank, securities, or other) in a foreign country?If YES, the organization may have to file Form TD F 90-22.1, Report of Foreign Bank andFinancial Accounts, If YES, enter the name of the foreign country here' --Dung the tax year, did the organization receive a distribution from, or was it the grantor of, or transferor to, a foreign trust?.If YES, see instructions for other forms the organization may have to file.Enter the amount of tax-exempt interest received or accrued during the tax year' $

Schedule A—Cost of Goods Sold. Enter method of inventory valuatior'I Inventory at beginning of year. 1 6 Inventory at end of year . . 6 I -2 Purchases ........2 7 Cost of goods sold. Subtract3 Cost of labor .......3 line 6 from line 5. Enter here4 a Additional section 263A costs and in Part I, line 2 ......7 I 0

(attach schedule) ...... .4a 8 Do the rules of section 263A (with respect to Yes Nob Other costs (attach schedule) 4b property produced or acquired for resale)

5 Total. Add lIies I through 4b 5 011 apply to the organization? ..... .of

Sign and co lete. 0 ci tion eparer (other than taxpayer) is based on all/iform tion of which preparer has any knowledge.

I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct,

I -jO-Sov the preparer shown below

signaturefer Date Title

May the IRS discuss this return with

____________________________________________________________________________ ___

(seeHereinstructions)? Yes No

Paid Prinpe prres name Prepares signature I Date I Check if PTIN

'ROSE BAUM ROSE BAUM /2r &e-'.__.__j 4/23/2012 self-employed 1P00648699Preparer I Firm's name 111i Firm's EINUse Only Firm'saddress P.O. Box 275, NANUET, NY 10954 Phone no. (212)769-3633

Form 990-T (2011)

I

2

3

No

Form 990-T (2011) NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493 Page 3-•: Schedule C—Rent Income (From Real Property and Personal Property Leased With Real Property)

(see instructions)1. Description of property(1)

(3)

2. Rent received or accrued

(a) From personal property (if the percentage of rent (b) From real and personal property (if thefor personal property is more than 10% but not percentage of rent for personal property exceeds

more than 50%) 50% or if the rent is based on profit or income)

3(a) Deductions directly connected with the incomein columns 2(a) and 2(b) (attach schedule)

Total OTotal(c) Total income. Add totals of columns 2(a) and 2(b). Enterhere and on page 1, Part I, line 6, column (A) ......Schedule E—Unrelated Debt-Financed Income (see instructions

(b) Total deductions.Enter here and on page 1,Part I. line 6. column (B

IC

1. Description of debt-financed property

3. Deductions directly connected with or allocable2. Gross income from or to debt-financed property

allocable to debt-financed (a) Straightlinedepreciation I(b) Other deduction.property

7. Gross income reportable(column 2 x column 6)

4. Amount of average5. Average adjusted basisacquisition debt on or of or allocable to

allocable to debt-financed debt-financed propertyproperty (attach schedule) (attach schedule)

S. Column4 divided

by column 5

8. Allocable deductions(column 6 x total of columns

3(a) and 3(b))

(4)

%%

(3) %(4) %

Enter here and on page 1, Enter here and on page 1,Part I, line 7, column (A). Part I, line 7, column (B).

Totals .................................0Total dividends-received deductions included in column 8Schedule F—Interest, Annuities, Royalties, and Rents From Controlled Organizations (see instructions

I I Exem pt Controlled Orcianizations1. Name of controlled 2. Employer 5. Part of column 4 that is J 6. Deductions directly

(

organizatio identification number 3. Net unrelated income 4. Total of specified included in the controlling connected with income

n I

(loss) (see instructions) I

payments made I organization's gross income I in column 5

(1)(2)(3)(4)Nonexempt Controlled Organizations

7. Taxable Income

(1)(2)(3)(4)

8. Net unrelated income S. Total of specified(loss) (see instructions) I payments made

10. Part of column 9 that is 11. Deductions directlyincluded in the controlling connected with income in

organization's gross income column 10

Add columns Sand 10. Add columns 6 and 11.Enter here and on page 1, Enter here and on page 1,Part I, line 8, column (A). Part I, line 8, column (B).

Totals 01 0Form 990-T (2011)

0000

Enter here andon page 1,

Part II, line 26.0

Form 990-T(2011) NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493 Page

- I I-': Schedule G-Investment Income of a Section 501(c)(7), (9), or (17) Organization (see instruction

3. Deductions s)

- I I 4. Set-asides 5. Total deductions1. Description of income 2. Amount of income directly connected(cal. 3I (attach schedule)

I and set-asides

000

(4)

0Enter here and on page 1 Enter here and on page 1Part I line 9 column (A) Part I line 9 column (B)

TotalsSchedule I-Exploited Exemr

1. Description of exploited activity

Other Than Advertising Income (see instructions)4. Net income

3. Expenses (loss) from 7. Excess exemptdirectly unrelated trade 5. Gross income expenses6. Expensesconnected with or business from activity that (column 6 minusattributable toproduction of (column 2 minus is not unrelated I 5 column 5, but not

unrelated column 3). If a business income column more than

business income gain, compute column 4).cols. 5 through 7.

In

2. Grossunrelated

business incomefrom trade or

business

(1) 0(2) 0(3) 0(4) 0

Enter here and on Enter here and onpage l, Part l, pagel,Partl,

line 10 col (A) line 10 col (B)Totals 0, 0Schedule J-AdvertisingIncome (see instructions)

Income From Periodicals Reported on a Consolidated Basis4. Advertising

2. Gross gain or (loss) (col.1. Name of periodical advertising 3. Direct 2 minus col. 3). If 5. Circulation

advertising costs incomeincome a gain, computecols. 5 through 7.

(1)Gala Journal 20,000, 5 988 15,012 =(2)(3)(4)

7. Excess readershipcosts (column 66. Readership minus column 5,costs but not more than

column 4),

29,950

Totals (carry to Part II, line (5)) ... 20,0001 5,9881 14,0121 15,0121 29,9501 14,0121fl'iilIIncome From Periodicals Reported on a Separate Basis (For each periodical listed in Part II, fill in

columns 2 through 7 on aline-by-line basis.)4. Advertising 7. Excess readership

2. Gross gain or (loss) (col. 5 Circulation 6. Readership costs (column 63. Direct .2 minus col. 3). If minus column 5,income a gain, compute

1. Name of periodical advertising advertising costs income costs but not more thancols. 5 through 7. column 4).

ME

(4)(5) Totals from Part I

01 000

20,000 5,988Enter here and on Enter here and on

page 1 Part 1, page 1 Part Iline 11 col (A) line 11 col (B)

20,000 5,988 •.:. . .•• :. ..:.:....:.rficers. Directors, and Trustees (see instructions)

3. Percent of2. Title time devoted to

0000

14,012Enter here and

on page 1,Part II, line 27.

14.012

4. Compensation attributable tounrelated business

Totals, Part II 1-5)Schedule om pensation of

1. Name

(2)

Total. Enter here and on

%%%%

1, Part ll, line l4 .............................. 0Form 990-T (2011)

Depreciation and Amortization(Including Information on Listed Property)

110- separate instructions. 110, Attach to r tax return.

Form 4562Department of the TreasuryInternal Revenue Service

OMB No. 1545-0172

©11AttachmentSeauence No. 179

Name(s) shown on return I Business or activity to which this form relates Identifying numberNATIONAL PUERTO RICAN DAY PARADE, ft1 990 1 13-3869493

Ti1 Election To Expense Certain Property Under Section 179Note: If you have any listed property, complete Part V before you complete Part! -

I Maximum amount (see instructions) ............................... I2 Total cost of section 179 property placed in service (see instructions) ...................23 Threshold cost of section 179 property before reduction in limitation (see instructions) .............34 Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0- ................45 Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0-. If married filing

separately, see instructions 56 (a) Description of property I (b) Cost (business use only) I (c) Elected cost

I 'I

7 Listed property. Enter the amount from line 29 .................. I 7 I8 Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7 ............9 Tentative deduction. Enter the smaller of line 5 or line 8 ......................10 Carryover of disallowed deduction from line 13 of your 2010 Form 4562................11 Business income limitation. Enter the smaller of business income (not less than zero) or line 5 (see instructions).12 Section 179 expense deduction. Add lines 9 and 10, but do not enter more than line 11 ...........13 Carryover of disallowed deduction to 2012. Add lines 9 and 10, less line 12 I 13 INote: Do not use Part II or Part ill below for listed property. Instead, use Part V.iniii• Special Depreciation Allowance and Other Depreciation (Do not include listed property.) (SE14 Special depreciation allowance for qualified property (other than listed property) placed in service

during the tax year (see instructions) .............................. 1415 Property subject to section 168(f)(1) election ...........................16 Other depreciation (including ACRS)

490

ITiIllU MACRS De preciation (Do not include listed rronertv.) (See instructions.)Section A

17 MACRS deductions for assets placed in service in tax years beginning before 2011 .............17 I18 If you are electing to group any assets placed in service during the tax year into one or more

general asset accounts check hereSection B - Assets Placed in Service During 2011 Tax Year Using the General Depreciation System

(b) Month and (c) Basis for depreciation(a) Classification of property year placed (business/investment use (d) Recovery (e) Convention (f) Method (g) Depreciation deduction

in service only—see instructions)

19 a 3-year property b 5-year propertyc 7-year propertyd 10 year propertye 15-year propertyf 20-year property g 25-year property 25,h Residential rental 27.5property 27.5

i Nonresidential real 39'

Section C -Assets Placed in Service During 2011 Us20 a Class life

b_12-year 12 yrs.c 40-year 40 vrs.

S/LMM S/LMM S/LMM S/LMM S/Lative Depreciatiot

S/LS/L

MM S/LlTiIlY ll Summary (See instructions.)21 Listed property. Enter amount from line 28 ...........................22 Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21.

Enter here and on the appropriate lines of your return. Partnerships and S corporations - see instructions.23 For assets shown above and placed in service during the current year, enter the portion

of the basis attributable to section 263A costs For Paperwork Reduction Act Notice, see separate instructions.(HTA)

22 490

Form 4562 (2011)

SCHEDULE A(Form 990 or 9!

- Department of the TreasuryInternal Revenue Service

Public Charity Status and Public SupportComplete if the organization is section 501(c)(3) organization or a section

4947(a)(1) nonexempt charitable trust.Attach to Form 990 or Form 990-EZ. See separate instructions.

OMB No. 1545-0047

©11Name of the organization Employer identification number

NATIONAL PUERTO RICAN DAY PARADE. INC. 13-386949397 Mt Reason for Public Charity Status (All organizations must complete this part.) See instructions.The organization is not a private foundation because it is: (For lines I through 11, check only one box.)I A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).2 A school described in section 170(b)(I)(A)(ii). (Attach Schedule E.)3 A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).4 A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the

hospital's name, city, and state:5 An organization operated for the benefit of a college or university owned or operated by a governmental unit described

in section 170(b)(1)(A)(iv). (Complete Part Il.)6 A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).7 An organization that normally receives a substantial part of its support from a governmental unit or from the general public

described in section 170(b)(1)(A)(vi). (Complete Part II.)8 A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)9 0 An organization that normally receives: (1) more than 33 1/3% of its support from contributions, membership fees, and gross

receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 33 1/3% of itssupport from gross investment income and unrelated business taxable income (less section 511 tax) from businessesacquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part Ill.)

10 An organization organized and operated exclusively to test for public safety. See section 509(a)(4).11 An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the

purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section509(a)(3). Check the box that describes the type of supporting organization and complete lines lie through ii h.a Type 1 b Type I c Ej Type Ill–Functionally integrated d fl Type Ill–Other

e By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualifiedpersons other than foundation managers and other than one or more publicly supported organizations described in section509(a)(1) or section 509(a)(2).

f If the organization received a written determination from the IRS that it is a Type I, Type II, or Type Ill supportingorganization, check this box ...................................

g Since August 17, 2006, has the organization accepted any gift or contribution from any of thefollowing persons?(I) A person who directly or indirectly controls, either alone or together with persons described in (ii) Yes No

and (iii) below, the governing body of the supported organization? .............llg(l)(ii) A family member of a person described in (i) above'? ................. 11g(ll)(iii) A 35% controlled entity of a person described in (i) or (ii) above' ? .............llg(lil)

h Provide the following information about the supported organization(s).(I) Name of supported (Ii) EIN (ill) Type of organization (Iv) lathe organization (v) Did you notify (vi) Is the (vii) Amount of

organization (described on lines 1-9 in col. (I) listed in your the organization in organization in col. supportabove or IRC section governing document? col. (I) of your (I) organized in the(see Instructions)) support? U.S.?

Yes I No I Yes I No I Yes I No(A)

IiiTotalFor Paperwork Reduction Act Notice, see the Instructions forForm 990 or 990-EZ.(HTA)

0

0Schedule A (Form 990 or 990-EZ) 2011

- Schedule A (Form 990 or 990-EZ) 2011 NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493 Page 2U1TiIII Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)

(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify underPart Ill. If the organization fails to qualify under the tests listed below, please complete Part Ill.)

Section A. Public SupportCalendar year (or fiscal year beginning in) jo . (a) 2007 (b) 2008 (C) 2009 (d) 2010 (e) 2011 (f) TotalI Gifts, grants, contributions, and

membership fees received. (Do notinclude any "unusual grants.") ......573,980 655,447 380,827 422,794 440,055 2,473,103

2 Tax revenues levied for the organization'sbenefit and either paid to or expended onits behalf .............0 0

3 The value of services or facilitiesfurnished by a governmental unit to theorganization without charge 0 0

4 Total. Add lines 1 through 3 573,980 655,447 380,827 422,794 440,055 2,473,1035 The portion of total contributions by each

person (other than a governmental unitor publicly supported organization)included on line I that exceeds 2%of the amount shown on line 11column (f)

6 Public support Subtract line 5 from line 4."-:-: ' 2473 103Section B. Total SupportCalendar year (or fiscal year beginning in) Do. (a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total7 Amounts from line 4 .........573,980 655,447 380,827 422,794 440,055 2,473,1038 Gross income from interest, dividends,

payments received on securities loans,rents, royalties and income from similarsources ..............9,647 1,818 11,465

9 Net income from unrelated businessactivities, whether or not the business isregularly carried on ..........0 0

10 Other income. Do not include gain orloss from the sale of capital assets

(Explain in Part IV.) 0 1 ___ ___________ ___________ 011 Total support Add lines 7 through 10 2 484 56812 Gross receipts from related activities, etc (see instructions) ................1213 First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3)

organization, check this box and stop here ............................... 01 [IIISection _C._ Computation _of Public _Support _Percentage14 Public support percentage for 2011 (line 6, column (f) divided by line 11, column (f)) ...... .14 99.54%15 Public support percentage from 2010 Schedule A, Part II, line 14 .............. 15 99.21%16a 33 1/3% support test-2011. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box

and stop here. The organization qualifies as a publicly supported organization ..................b 33 1/3% support test-2010. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this

box and stop here. The organization qualifies as a publicly supported organization ................. D17a 10%-facts-and-circumstances test-2011. If the organization did not check a box on line 13, 16a, or 16b, and line 14

is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain inPart IV how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supportedorganization............................................

b 10%-facts-and-circumstances test-2010. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain inPart IV how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publiclysupported organization .......................................

18 Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and seeinstructions ...........................................

Schedule A (Form 990 or 990-EZ) 2011

- Schedule A (Form 990 or 990-EZ) 2011 NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493 Page 3IIThllI Support Schedule for Organizations Described in Section 509(a)(2)

(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II.If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public SupportCalendar year (or fiscal year beginning in) I (a) 2007 I (b) 2008 I (c) 2009 I (d) 2010 I (e) 2011 I (f) Total

I Gifts, grants, contributions, and membership feesreceived. (Do not include any "unusual grants.)

2 Gross receipts from admissions, merchandisesold or services performed, or facilities furnishedin any activity that is related to theorganizations tax-exempt purpose .......

3 Gross receipts from activities that are not anunrelated trade or business under section 513.

4 Tax revenues levied for the organizationsbenefit and either paid to or expended onits behalf ................

5 The value of services or facilitiesfurnished by a governmental unit to theorganization without charge .........

6 Total. Add lines 1 through 5 .........7a Amounts included on lines 1 2, and 3

received from disqualified persons .......b Amounts included on lines 2 and 3 received

from other than disqualified persons thatexceed the greater of $5,000 or 1% of theamount on line 13 for the year ........

c Add lines 7a and 7b ............8 Public support (Subtract line 7c from

line 6.) .................Section B. Total SupportCalendar year (or fiscal year beginning in)

II

El !0 I]

IC

I.:...

2007 I (b) 2008 I (c) 2009 2010 I (e) 2011 I (0 Total9 Amounts from line 6 .............0 0 0 0 0 0

lOa Gross income from interest, dividends,payments received on securities loans,rents, royalties and income from similar sources 0

b Unrelated business taxable income (lesssection 511 taxes) from businessesacquired after June 30, 1975 ........ 0

c Add lines 1 O and 1 O ............0 0 0 0 0 011 Net income from unrelated business

activities not included in line I Ob, whetheror not the business is regularly carried on . . . 0

12 Other income. Do not include gain orloss from the sale of capital assets(Explain in Part IV.) ............ 0

13 Total support. (Add lines 9, 1 Oc, 11,and 12.) ..................0 0 0 0 0 0

14 First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501 (c)(3)organization, check this box and stop here ..........................................

Section C. Computation of Public Support Percentage15 Public support percentage for 2011 (line 8, column (f) divided by line 13, column (f)) ...............15 0.00%16 Public support percentage from 2010 Schedule A, Part Ill, line 15 16 0.00%Section D. Computation of Investment Income Percentaqe17 Investment income percentage for 2011 (line bc, column (f) divided by line 13, column (f)) ............17 0.00%18 Investment income percentage from 2010 Schedule A, Part III, line 17 ....................18 0.00%19a 33 1/3% support tests-2011. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is

not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ............b 33 1/3% support tests-2010. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3%, and

line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .......... E20 Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions ............

Schedule A (Form 990 or 990-EZ) 2011

Schedule A (Form 990 or 990.EZ) 2011 NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493 Page 4UfliIY1 Supplemental Information. Complete this part to provide the explanations required by Part II, line 10;

Part II, line 17a or 17b; and Part Ill, line 12. Also complete this part for any additional information. (Seeinstructions).

Schedule A (Form 990 or 990-EZ) 2011

- SCHEDULED- (Form 990)

Department of the Treasury

Supplemental Financial StatementsComplete if the organization answered "Yes," to Form 990,

Part IV, line 6,7,8,9, 10, ha, lib, lic, lid, lie, hf, 12a, or 12b.

Attach to Form 990. See separate instructions.

NATIONAL PUERTO RICAN DAY P INC.urganizations maintaining uonor Mavis -unas or UtflE

the oraanization answered "Yes" to Form 9

Part IV, line 6.Donor advised funds

OMB No. 1545-0047

©11S.-i i-.tIMi

ployer Identification number13-3869493

or Accounts. Complete if

(b) Funds and other accountsI Total number at end of year .....2 Aggregate contributions to (during year)3 Aggregate grants from (during year). 4 Aggregate value at end of year. 5 Did the organization inform all donors and donor advisors in writing that the assets held in donor advised

funds are the organization's property, subject to the organization's exclusive legal control? ...... J Yes fl No6 Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be

used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any otherpurpose conferring impermissible private benefit? ..................... Yes No

ITiIIU Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.I Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land areafl Protection of natural habitat Preservation of a certified historic structure

Preservation of open space2 Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation

easement on the last day of the tax year.Held at the End of the Tax Year

a Total number of conservation easements ................... 2ab Total acreage restricted by conservation easements ...............2bc Number of conservation easements on a certified historic structure included in (a). . 2cd Number of conservation easements included in (c) acquired after 8/17/06, and not on a

historic structure listed in the National Register .................2d3 Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization

during the tax year4 Number of states where property subject to conservation easement is located5 Does the organization have a written policy regarding the periodic monitoring, inspection, handling of

violations, and enforcement of the conservation easements it holds'? .............. Yes No6 Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year

P.

7 Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year

8 Does each conservation easement reported on line 2(d) above satisfy the requirements of section170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? ....................... Yes No

9 In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, andbalance sheet, and include, if applicable, the text of the footnote to the organization's financial statements that describesthe organization's accounting for conservation easements.

II11III Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.Complete if the organization answered "Yes" to Form 990, Part IV, line 8.

la If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheetworks of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtheranceof public service, provide, in Part XIV, the text of the footnote to its financial statements that describes these items.

b If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheetworks of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtheranceof public service, provide the following amounts relating to these items:(I) Revenues included in Form 990, Part VIII, line I .................. $(ii)Assets included in Form 990, Part X ...................... $

2 If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide thefollowing amounts required to be reported under SFAS 116 (ASC 958) relating to these items:

a Revenues included in Form 990, Part VIII, line 1 ................... $b Assets included in Form 990, Part X ........................ $

For Paperwork Reduction Act Notice, see the Instructions for Form 990 Schedule (Form 990) 2011(HTA)

821

column (B). line I

1 Land ...............0b Buildings ..............0c Leasehold improvements 0d Equipment .............0e Other ...............0

Total. Add lines 1 throucih le. (Column (d) must eaua! Form 990. Part

0

0 0

0 0

22,279 1,542

0 01,542

Schedule o (Form 990) 2011

NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493Schedule (Form 990) 2011 Page 2IITiIIII Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)3 Using the organization's acquisition, accession, and other records, check any of the following that are a significant

use of its collection items (check all that apply):a F1 Public exhibition d Loan or exchange programsb Scholarly research e Otherc Preservation for future generations

4 Provide a description of the organization's collections and explain how they further the organization's exempt purpose inPart XIV.

5 During the year, did the organization solicit or receive donations of art, historical treasures, or other similarassets to be sold to raise funds rather than to be maintained as part of the organization's collection?. . . Yes No

ITiILYA Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990, PartIV, line 9, or reported an amount on Form 990, Part X, line 21.

1 Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets notincluded on Form 990, Part X ............................... Yes No

b If "Yes," explain the arrangement in Part XIV and complete the following table:Amount

c Beginning balance ...........................Ic 0d Additions during the year ......................... Ide Distributions during the year ........................lef Ending balance ............................If 0

2a Did the organization include an amount on Form 990, Part X, line 21 7 ................ Yes Nob If "Yes," explain the arrangement in Part XIV.1ThY Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.

I (a) Current year I (b) Prior year I (c) Two years back I (d) Three years back I (e) Four years back

la Beginning of year balance. . . 0b Contributions ..........________________c Net investment earnings, gains,

and losses ..........._______________d Grants or scholarships ......________________e Other expenditures for facilities

and programs .........______________f Administrative expenses g End of year balance 0 0 0

2 Provide the estimated percentage of the current year end balance (line 19, column (a)) held as:a Board designated or quasi-endowment P. %b Permanent endowment %c Temporarily restricted endowment %

The percentages in lines 2a, 2b, and 2c should equal 100%.3a Are there endowment funds not in the possession of the organization that are held and administered for the

organization by:(i) unrelated organizations ..............................(ii) related organizations ...............................

b If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R ...........4 Describe in Part XIV the intended uses of the organization's endowment funds.

TYiI Land, Buildings, and Equipment. See Form 990, Part X, line 10.Description of property (a) Cost or other basis (b) Cost or other (C) Accumulated

(investment) I basis (other) depreciation

Yes No3a(i)3a(ii)

3b

(d) Book value

NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493Schedule D

2011

3- 17MMAi• Investments—Other Securities. See Form 990, Part

(a) Description of security or category (b) Book value(including name of security)

line 12.(C) Method of valuation:

Cost or end-of-year market value

(1) Financial derivatives 0(2) Closely-held equity interests 0(3) Other -0

0--- 0-

0000

(G -00

(I) 0Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.) 0.I1iIY1ll• Investments—Program Related. See Form 990, Part X, line 13.

(a) Description of investment type

II

II

ii

II

SI

SI

SI

SI

SI

(10) 0Total. (Column (b) must equal Form 990, Part X, col. (B) line 13.) b. 0IfliIP Other Assets. See Form 990. Part X. line 15.

(C) Method of valuation:Cost or end-of-year market value

(b) Book value

Total. (Column (b) must equal Form 990, Part X, coL (B) line 15.) p.

iTi Other Liabilities. See Form 990, Part X, line 25.1. (a) Description of liability (b) Book value

(1) Federal income taxes 0(2) 0(3) 0(4) 0(5) 0(6) 0(7) 0(8) 0(9) 0

(10) 0(11) 0

Total. (Column (b) must equal Form 990, Part X, col. (B) l,ne 25,) 0 .' '. .:...:.: ,: ,:., , ,,:,.

2. FIN 48 (ASC 740) Footnote. In Part XIV, provide the text of the footnote to the organization's financial statements that reports theorganization's liability for uncertain tax positions under FIN 48 (ASC 740).

Schedule D (Form 990) 2011

0:..:

90

- 0440,055

-_05 440,055

per Return

I. . 1 645,690

ii

5

NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493- Schedule D (Form 990) 2011

Reconciliation of Change in Net Assets from Form 990 to Audited Financial StatementsTotal revenue (Form 990, Part VIII, column (A), line 12) ................ '1. Total expenses (Form 990, Part IX, column (A), line 25) .................2Excess or (deficit) for the year. Subtract line 2 from line I ................3Net unrealized gains (losses) on investments .....................4Donated services and use of facilities ........................5Investment expenses .............................. 6Prior period adjustments ............................7Other (Describe in Part XIV.) ...........................8. . Total adjustments (net). Add lines 4 through 8 ..................9Excess or (deficit) for the year per audited financial statements. Combine lines 3 and 9 104i Reconciliation of Revenue per Audited Financial Statements With Revenue per Return

Total revenue, gains, and other support per audited financial statements ...........I IAmounts included on line I but not on Form 990, Part'VlIl, line 12:Net unrealized gains on investments ................2aDonated services and use of facilities ...............2bRecoveries of prior year grants ..................2cOther (Describe in Part XIV.) ...................2dAdd lines 2a through 2d .............................Subtract line 2e from line I ............................Amounts included on Form 990, Part VIII, line 12, but not on line 1:Investment expenses not included on Form 990, Part VIII, line 7b . . . 4aOther (Describe in Part XIV.) ...................4bAdd lines 4a and 4b ..............................Total revenue. Add lines 3 and 4c. (This must eaua! Form 990. Part I. line 12.) ........

er Audited Financial Statements With ExpensesTotal expenses and losses per audited financial statements ...............Amounts included on line I but not on Form 990, Part IX, line 25:Donated services and use of facilities ...............2aPrior year adjustments .....................2bOther losses .........................2cOther (Describe in Part XIV.) ...................2dAdd lines 2a through 2d .............................Subtract line 2e from line I ............................Amounts included on Form 990, Part IX, line 25, but not on line 1:Investment expenses not included on Form 990, Part VIII, line 7b. . .4aOther (Describe in Part XIV.) ...................4bAdd lines 4a and 4b ..............................Total exoenses. Add lines 3 and 4c. (This must eaual Form 990. Part I. line 18.) ........

I1i1LY Supplemental InformationComplete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part Ill, lines la and 4; Part IV, lines lband 2b; Part V, line 4; Part X, line 2; Part XI, line 8; Part XII, lines 2d and 4b; and Part XIII, lines 2d and 4b. Also completethis part to provide any additional information.

N/A

I23456789

10

12

abCde

34

abC

5

I2

abCde

34

abC

5

Reconciliation of Ex

ge 4

055690635

000000

635

055

Schedule (Form 990) 2011

NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493Schedule 0 (Form 990) 2011 Page 5CREW Supplemental Information (continued)

Schedule (Form 990) 2011

(i) Name and address of individualor entity (fundraiser) (ii) Activity

I G.A.L.O.S Corporation1133 Broadway ny NY 10010

2

3

4

5

6

7

8

9

10

Fundraiser

SCHEDULE (Form 990 or 990Department of the TreasuryInternal Revenue Service

Supplemental Information RegardingFundraising or Gaming Activities

Complete if the organization answered 'Yes" to Form 990, Part IV, lines 17, 18, or 19, or if theorganization entered more than $15,000 on Form 990-EZ, line 6a.

Attach to Form 990 or Form 990-EZ. See separate instructions.

OMB No. 1545-0047

11TIONAL PUERTO RICAN DAY PARADE, INC. I 13-3869493

.

i-unaraising Activities. Lomplete IT me organization answerea " y es to i-orm uuu, i-iart iv, iine 11.

Form 990-EZ filers are not required to complete this part.I Indicate whether the organization raised funds through any of the following activities. Check all that apply.a Mail solicitations e Solicitation of non-government grantsb Fxj Internet and email solicitations f Solicitation of government grantsc Phone solicitations g Special fundraising eventsd In-person solicitations

2a Did the organization have a written or oral agreement with any individual (including officers, directors, trustees orkey employees listed in Form 990, Part VII) or entity in connection with professional fundraising services? J Yes E No

b If "Yes," list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser isto be compensated at least $5,000 by the organization.

(iii) Did fundraiser have (v) Amount paid to

custody or control of (iv) Gross receipts (or retained by)

contributions? from activity fundraiser listed incol. (I)

Yes No

X 319,0041 85,919

0 0

IXI

I

(vi) Amount paid to(or retained by)

organization

233,085

0

0

0

0

0

0

0

0

0

Total I 319,0041 85,9191 233,0853 List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from

registration or licensing.

New York

Paperwork Reduction Act Notice, see the instructions for Form 990 or 990-EZ. Schedule G (Form 990 or 990-EZ) 2011(HTA)

#VALUEI

0

#VALUE!

0

0

0

0

0

0

#VALUE!

0

#VALUE!

0

0

0

0

0

0

• Schedule G (Form 990 or 990-EZ) 2011 NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493 Page 2•iiui• Fundraising Events. Complete if the organization answered "Yes" to Form 990, Part IV, line 18, or reported

more than $1 5,000 of fundraising event contributions and gross income on Form 990-EZ, lines I and 6b. List

Tevents with gross receipts greater than $5,000.

(a) Event #1 (b) Event #2 (C) Other events (d) Total eventsSEE ATTACHED NONE (add col. (a) through

(event type) (event type) (total number) ccl. (C))ci)

I Gross receipts ......SEE ATTACHED2 Less: Charitableaf

contributions ......________________3 Gross income (line I

minus line 2) . . . . . #VALUE!

4 Cash prizes ......

5 Noncash prizes.(I,ci)

6 Rent/facility costs.ci)

ti 7 Food and beverages.

8 Entertainment .....

9 Other direct expenses.

I 10 Direct expense summary. Add lines 4 through 9 in column (d) ...............0)I 11 Net income summary. Combine line 3, column (d), and line 10 #VALUE!

ITSi'tiTri Gaming. Complete if the organization answered "Yes" to Form 990, Part IV, line 19, or reported more

Twill, than $15,000 on Form 990-EZ, line 6a.

(a) Bin(b) Pull tabstabs/instant(c) Other gamingnstant I (d) Total gaming (addgo bingolprogressive bingo I col. (a) through col. (c))

Gross revenue ..... I I I I 0

j 2 Cash prizes ......

CL

Ce

ci)3 Noncash prizes.

4 Rent/facility costs.

5 Other direct exoenses.LJYes -------%

6 Volunteer labor ..... . [1 No

Ell

0

0Yes % EYes °'°No No

7 Direct expense summary. Add lines 2 through 5 in column (d) .............

8 Net aamina income summary. Combine line I. column d. and line 7 ........... 0

9 Enter the state(s) in which the organization operates gaming activities:a Is the organization licensed to operate gaming activities in each of these states? ........... fl Yes Nob If "No," explain:

IOa Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year?. . Yes LI Nob If 'Yes," explain:

Schedule G (Form 990 or 990-EZ) 2011

13-3869493 Page 3Does the organization operate gaming activities with nonmembers'? ................. Yes NoIs the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entityformed to administer charitable gaming' ? ........................... Yes fl NoIndicate the percentage of gaming activity operated in:The organization's facility ..............................13a %An outside facility .................................13b %Enter the name and address of the person who prepares the organization's gaming/special events booksand records:

Schedule G (Form 990 or 990-EZ) 2011 NATIONAL PUERTO RICAN DAY PARADE, INC.- 11

- 12

13ab

14

Name '

Address

15a Does the organization have a contract with a third party from whom the organization receives gamingrevenue? ....................................... Yes No

b If Yes,' enter the amount of gaming revenue received by the organization' $ 0 and theamount of gaming revenue retained by the third party - $ -Q

c If "Yes," enter name and address of the third party:

Name '

Address

16 Gaming manager information:

Name '

Gaming manager compensation $ .0

Description of services provided

Director/officer Employee J Independent contractor

17 Mandatory distributions:a Is the organization required under state law to make charitable distributions from the gaming proceeds to

retain the state gaming license? .............................. Yes Nob Enter the amount of distributions required under state law to be distributed to other exempt organizations

or spent in the organization's own exempt activities during the tax year $ 0iTiILYi Supplemental Information. Complete this part to provide the explanations required by Part I, line 2b, columns

(iii) and (v), and Part Ill, lines 9, 9b, lOb, 15b, 15c, 16, and 17b, as applicable. Also complete this part toprovide any additional information (see instructions).

Schedule G (Form 990 or 990-Ez) 2011

SCHEDULE 0(Form 990 or 990-EZ)

Department of the TreasuryInternal Revenue Service

Supplemental Information to Form 990 or 990-EZComplete to provide information for responses to specific questions on

Form 990 or 990-EZ or to provide any additional information.' Attach to Form 990 or 990-EZ.

OMB No. 1545-0047

©11

NATI DAY PARADE, INC. 13-3869493

Form 990.. Part YL Section B LinelTbr!L9J rev approved by the Board of

Directors.

Form 990 Part VI Section B Line 12c The Organization ? conflict 9n. interest

policy. All parti are required to rripiy with iRY: Yi919! pPJLa..ricLth

.poJieLe..s.. and procedures is per1ormedannuaIy.

-Form- 990 art Vi in1J Nc ion was paid in the current year.

Form 990 Part VI Section C Line 19 Documents are available upon request.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Schedule 0 (Form 990 or 990-EZ) (2011)(1-ITA)

• Schedule 0 (Form 990 or 990-EZ) (2011)- Name of the organization

- - NATIONAL PUERTO RICAN DAY P

Schedule 0 (Form 990 or 990-EZ) (2011)

NATIONAL PUERTO RICAN DAY PARADE, INC.

FINANCIAL STATEMENTS

DECEMBER 31, 2011 AND 2010

NATIONAL PUERTO RICAN DAY PARADE, INC.

DECEMBER 31, 2011 AND 2010

INDEX

INDEPENDENT AUDITORS' REPORT 3

STATEMENT OF FINANCIAL POSITION 4

STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS 5

STATEMENT OF CASH FLOWS

NOTES TO FINANCIAL STATEMENTS 7

-, - - ROSE BAUM

- CERTIFIED PUBLIC ACCOUNTANI?P.O. BOX #275

NANtJET I NY. 10954

TELEPHONE # 212-769-3633 FAX # 212-769-3633

TO THE BOARD OF DIRECTORS OF THENATIONAL PUERTO RICAN DAY PARADE, INC.

Independent Auditors' Report

I have audited the accompanying statement of financial positionof the National Puerto Rican Day Parade, Inc. (a nonprofit organ-ization) as of December 31, 2011 and 2010, and the related state-ments of activities and cash flows for the year then ended.These financial statements are the responsibility of the Organi-zation's management. My responsibility is to express an opinionon these financial statements based on my audit.

I conducted my audit in accordance with auditing standards gener-ally accepted in the United States of America. Those standardsrequire that I plan and perform the audit to obtain reasonableassurance about whether the financial statements are free ofmaterial misstatement. An audit includes examining, on a testbasis, evidence supporting the amounts and disclosures in thefinancial statements. An audit also includes assessing theaccounting principles used and significant estimates made bymanagement, as well as evaluating the overall financial statementpresentation. I believe that my audit provides a reasonablebasis for my opinion.

In my opinion, the financial statements referred to above presentfairly, in all material respects, the financial position of theNational Puerto Rican Day Parade, Inc. as of December 31, 2011and 2010, and the changes in its net assets and its cash flowsfor the year then ended in conformity with accounting principlesgenerally accepted in the United States of America.

The accompanying financial statements have been prepared assumingthat the Organization will continue as a going concern. Asdiscussed in Note 1 to the financial statements, the Organizationhas suffered recurring losses and has a net deficiency in netassets that raise substantial doubt about its ability to continueas a going concern. Management's plans in regard to these mat-ters are also described in Note 1. These financial statements donot include any adjustments that might result from the outcome ofthis uncertainty.

February 17, 2012Nanuet, New York

3

NATIONAL PUERTO RICAN DAY PARADE, INC.

STATEMENT OF FINANCIAL POSITION

AS OF DECEMBER 31, 2011 and 2010

ASSETS2011

2010

CashAccount ReceivableTotal Current Assets

FIXED ASSETS

Furniture & Fixture

Less: Accumulated Depreciation

Total Assets

$8,518-0-

8,518

$23,821

(22,279)1,542

10,060

$ 2,196-0-

2,196

$23,821

(21,789)2,032

4,228

LIABILITIES

Accounts Payable and accrued expenses 890,387 678,920

Total Liabilities 890,387

678,920

NET ASSETS $(880,327)

$(674,6921

Liabilities and Net Assets 10,060 4,228

See accompanying notes to financial statements.

4

-0-5,707

26,500-0-490

165,96851,42114,52675,7503,170

22,0683,739

113,2086,925

12,3758,9235,242

43,759-0-

559,771

645,690

-0--0-

18,206-0-490

201,87649,20819,63650,9003,719

18,95311,09575,0402,200

12,32013,0456,248

44,817655

528,408

611,129

NATIONAL PUERTO RICAN DAY PARADE, INC.

STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2011 AND 2010

REVENUE2011 2010

Banquets Revenues $159,786 $136,370Various Contribution 185,363 183,975Journal Advertising 20,000 32,000Various Concert, Pageants Revenues 60,446 55,445Festival Revenues 14,460 15,000Interest Income -0- 4

Total Income

EXPENSES

Professional Fund Raising fees

Other Expenses

Wages ExpensesOffice ExpensesProfessional FeesPayroll Taxes And BenefitsDepreciationFood & BeveragesAdvertising & PrintingRentalsSound & MusicTransportationDecorating and Promotional ExpensesPrizes, plaques and TrophiesVarious fees-Service, Registration, etcPhotos And VideoReview Stand ExpensesOffice Supplies,Postage,Etc.TelephoneInsuranceInterest

Total

Total Expenses

440,055

422,794

85,919

82,721

Changes in Net Assets $(205,635) $(188,335)Net Assets at the beginning of the year (674,692) (564,585)Prior year adjustment-Children Fund -0-- 78,228Net Assets at the end of the year (880,327) (674,692)

See accompanying notes to financial statements.

5

NATIONAL PUERTO RICAN DAY PARADE, INC.

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED DECEMBER 31, 2011 and 2010

2011 2010Cash flows from Operating Activities:

Total receipts $440,055 $422,794

Total expenses

Net cash provided by operating activities

Cash flows from investing activities:

Deposits into reserve funds

Net cash used in investing activities

Cash flows from financing activities:

Mortgage principal payments

INCREASE IN CASH

CASH AT BEGINNING OF YEAR

CASH AT END OF YEAR

Reconciliation of net income to net cashprovided by operating activities:

Net income (Loss)Prior year Adjustment-Children FundAdjustments to reconcile net income tonet cash provided by operating activities:

DepreciationIncrease in Account ReceivableIncrease in Liabilities

Net cash provided by operating activities

433,733

424,695

6,322

(1,901)

I II I

-0- -0-

6,322

(1,901)

2,196

4,097

$ 8,518

2,196

(205, 635)

(188,335)-0- 78,228

490

490

-0- -0-

211,467

107,716

6,322

(1,901)

See accompanying notes to financial statements.

6

NATIONAL PUERTO RICAN DAY PARADE, INC.NOTES TO FINANCIAL STATEMENTSDECEMBER 31, 2011 AND 2010

NOTE 1: ORGANIZATION OF COMPANY

The Organization is organized exclusively for purposes of foster-ing and promoting national Puerto Rican culture and a yearlyPuerto Rican parade in New York City. The Organization is anot-for-profit corporation.

The accompanying financial statements have been prepared assumingthat the organization will continue as a going concern. Theorganization has suffered recurring losses and has a net defi-ciency in net assets that raise substantial doubt about itsability to continue as a going concern. Management is continual-ly in discussions with the professional fund raiser, Galos Corpo-ration, to focus efforts to raise more funding, to reduce theoutstanding accounts payable, and decrease expenses.

NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

METHOD OF ACCOUNTING

The accompanying financial statements have been prepared on theaccrual basis of accounting in accordance with accounting princi-ples generally accepted in the United States of America under theFASB Accounting Standards Codification. Revenues and Expensesare recognized when incurred.

FINANCIAL STATEMENT PRESENTATION

Net assets, revenues, expenses, gains and losses are classifiedbased on the existence or absence of donor-imposed restrictions.Accordingly, net assets of the Organization and changes thereinare classified and reported as follows: Unrestricted Net. Assets- Net assets that are not subject to donor-imposed stipulations.Unrestricted net assets consist of investments and otherwiseunrestricted amounts that are available for use in carrying outthe objectives of the Organization and include those expendableresources which have been designated for special use by the Boardof Directors. None of the Organization's net assets are subjectto donor-imposed restrictions.

7

NATIONAL PUERTO RICAN DAY PARADE, INC.NOTES TO FINANCIAL STATEMENTSDECEMBER 31, 2011 AND 2010

NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES-continued

USE OF ESTIMATES

The preparation of financial statements in conformity with ac-counting principles generally accepted in the United States ofAmerica requires management to make estimates and assumptionsthat affect the reported amounts of assets and liabilities, andthe disclosure of contingent assets and liabilities, at the dateof the financial statements and the reported amounts of revenueand expenses during the reporting period. Actual results coulddiffer from those estimates.

CASH AND CASH EQUIVALENTS

For purposes of cash flows, the Organization considers all highlyliquid investment instruments with a maturity of three months orless are considered to be cash equivalents. As of December 31,2011 and 2010, there were no cash equivalents.

FIXED ASSETS AND DEPRECIATION

Fixed assets of furniture and equipment are recorded at cost.Depreciation is provided for using the straight line method overthe estimated useful lives of the related assets - 7 years.

INCOME TAXES

The Organization is a federal tax exempt organization under Sec-tion 501(c) (3) of the Internal Revenue Code, therefore no federaltax is accrued or paid.

NOTE 3 PROFESSIONAL FUND RAISING FEES

The Organization has a contract with the Galos Corporation, aprofessional fund raiser, to raise funds and pay vendors relatedto fund raising activities through December 31, 2021. GalosCorporation shall retain 27% of the total funds collected onbehalf of the Organization through December 31, 2011, and 33% ofthe total funds collected on behalf of the Organization thereaft-er through the end of the contract term. As of December 31,2011 and 2010, there was a liability of $819,687 and $646,425,respectively to the professional fund raiser related to fundraising activities.

NOTE 4 PRIOR YEAR ADJUSTMENT - CHILDREN FUND

A prior year adjustment was booked as of December 31, 2010 as itwas determined that this liability was no longer outstanding.

8

Income and Expenses by Activities National Puerto Rican Day Parade, Inc. Fiscal Year 2011

NATIONAL PUERTO RICAN DAY PARADE, INC.BOARD OF DIRECTORS

2011-2012

NAME

TITLE COMPENSATION

Madelyn Lugo895 Newbridge RoadBellmore, N.Y. 11710

Melissa Quesada28 Malysana LaneNew Rochelle, NY 10805

Trinity A. Padilla3- Jenks CourtMorristown, N.J. 07960

Chairperson none5

Vice-Chairperson none

Secretary none

Shirley Cox Treasurer none2 Highland DriveHighland Mills, NY 10930

Luis Rivera General Coord. .., none895 Newbridge RoadBellmore, N.Y.11710

r.

Rafael Dominguez Director of External Affairs none3038 Holland Avenue #9 5

Bronx, New York 10467

Elizabeth Virella Member none582 Southern Boulevard #3Bronx, New York 10455

I

COPY OF WITHIN PAPERRECEIVED

MAYO 9 201OFFICE OF THE ATTORNEY GE

CHARITIES BUREAU