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Annual Fling for Charitable Organizations

oS
Form CHAR500 New York State Department of Law (Office of the Attorney General) 2011
Charities Bureau - Registration Section
120 Broadway
New York, NY 10271

I General Information
a. For the fiscal year beginning (mmlddlyyyy) 01/01 / 20 11 and ending (mm/dd/nffy) 12/31/2011
b. Check if applicable for NYS: c. Name of organization d. Fed, employer ID no. (EIN) (## 4t######)
Address change
13-3869493
Name change e. NY State registration no. (lilt lilt lilt)

El Initial filing NATIONAL PUERTO RICAN DAY PARADE, INC.

Number and street (or P.O. box if mail not delivered to street address) Room/suite
65-71- 11
f. Telephone number
Final filing
2804 THIRD AVE
ElAmended filing
City or town, state or country and zip + 4 g. Email
NY registration pending
BRONX. NY 10455

Certi fi cation -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 are
true, correct and complete in accordance with the I ws of the 9jate of New York applicable to this report.

a PreithtorAt'thrtzedOfficet I..'
Date

1i
j
Date

i. Annual Reptrt ExemptJ lnfrmat3on

a. 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 solicit
contributions 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 or
substantially 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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If 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 reqwrements

Indicate the filing fee(s) you are submitting along with this form:
a. Article 7-A filing fee ...........................................$ 25 Submit only one check or money order for the
b. EPTL filing fee ...............................................$ 25 total fee, payable to "NYS Department of Law"
c. Total fee ...................................................$ 50

6. Attachments - For organizations that are not claiming annual report exemptions under both laws, see last page for required attachments 444
9

I CHAR500-2011
 NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493
Shedu1e 4a Professional fund aIser.s (PfR Ftrnd a1skg counsels (FR,C). Commecla oVenturers CV
If 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 for
fund raising activity in NY State:

1. Type of fund raising professional (FRP):

Professional fund raiser ...............................................................................................
Fund raising counsel ................................................................................................. E
Commercial 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) 234-1177
4. 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 the
Executive Law? N/A

CHAR500 -2011
 NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493
Shdue 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 copies
of 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. 13-3869493
5. 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-A
and 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 * Any organization that contracted with or used the services of a professional fund
more than $250,000 $25 raiser (PFR) or fund raising counsel (FRC) during the reporting period must pay
an Article 7-A filing fee of $25, regardless of total support and revenue.
up to $250,000 * $10

b) EPTL filing fee

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

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

Copies of Internal Revenue Service Forms

FXJ IRS Form 990 IRS Form 990-EZ E IRS Form 990-PF
All required schedules (including All required schedules (including All required schedules (including
Schedule B) Schedule B) Schedule B)
IRS Form 990-T IRS Form 990-T 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
 OMB No. 1545-0047

- Form 990 Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung ©11
benefit trust or private foundation)
Department of the Treasury
internal 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 beginning and
B Check if applicable: C Name of organization NATIONAL PUERTO RICAN DAY D Employer Identification number
Address change Doing Business As 13-3869493
Name change Number and street (or P.O. box if mail is not delivered to street address E Telephone number
Initial return 2804 THIRD AVE
jJ Terminated City or town, state or country, and ZIP + 4
Amended return BRONX NY 10455 1 G Gross receipts $ 440,055
Application 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
I Briefly describe the organization's mission or most significant activities To promote Cultural activities invoIvin
Puerto ' eqn 9
------------------ parade for exhibition to the public at large
cc
2 Check this box if the organization discontinued its operations or disposed of more than 25% of its net assets.
ca 3 Number of voting members of the governing body (Part VI, line Ia) ............3 7
4 Number of independent voting members of the governing body (Part VI, line I b) ......4 7
5 Total number of individuals employed in calendar year 2011 (Part V, line 2a) .......5 0
6 Total number of volunteers (estimate if necessary) ..................615
7a Total unrelated business revenue from Part VIII, column (C), line 12 ...........7a 0
b Net unrelated business taxable income from Form 990-T, line 34 7b 0
Prior Year I Current Year

w 8 Contributions and grants (Part VIII, line lh) ..............- 0 0

C 9 Program service revenue (Part VIII, line 2g) ..............- 790 440,055
'U
>
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d) .......- 4 0
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, lOc, and lie). . - 0 0
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12). - 794 440,055
13 Grants and similar amounts paid (Part IX, column (A), lines 1-3) ......- 0 0
14 Benefits paid to or for members (Part IX, column (A), line 4) ........- 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10).- 0 0
U
C 16a Professional fundraising fees (Part IX, column (A), line lie) ....... 721 85,919
a
X
b Total fundraising expenses (Part IX, column (D), line 25 -85,919
W
17 Other expenses (Part IX, column (A), lines ha-lid, 11f-24e) .......- 559,771
18 Total expenses. Add lines 13-17 (must equal Part IX, column (A), line 25) - 611,129 645,690
19 Revenue less ex p enses. Subtract line 18 from line 12 ......... -188,335 -205,635
of Current Year End of Year
U 1 20 Total assets (Part X, line 16) . . . . . . . . . . . . . . . . . . . 4,228 I 060
21 Total liabilities (Part X, line 26) ..................678,920 387
22 Net assets or fund balances. Subtract line 21 from line 20 -674,692 -8 327
i. i• Signature Block
Under penalties of perjury, I dlare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge
and 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 / I
D
Here
Type or print name aird title
Print/Type preparer's name Preparer's signature I Date I I PTIN
Paid I Check fl
Preparer
'I ROSE BAUM
I I ROSE BAUM ,'---V'-----__ 4/23/2012 I self-employed 1P00648699
Firm's name W I Firm's EIN
Use Only
IFirm's address Do- P.O.
Box 275, NANUET, NY 10954 I Phone no. (212)769-3633
May the IRS discuss this return with the preparer shown above? (see instructions) jJ Yes No
For 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 ............ LIII
I Briefly describe the organization's mission:
I.o PS Cu l tu re

2 Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-El? ............................... Yes No
If Yes,' describe these new services on Schedule 0.
3 Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ....................................... Yes No
If "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 by
expenses. Section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts are required to report the amount of
grants 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 559,771
Form 990 (2011)
Form 990 (2011) NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493 Jo 3
1st of Required Schedules
No

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)? ....... 2 X
3 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 / ................... 3 X
4 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 ............... 4 X
5 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 X
6 Did the organization maintain any donor advised funds or any similar funds or accounts for which donors
have 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 X
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 X
8 Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D, Part Ill ................................ 8 X
9 Did the organization report an amount in Part X, line 21; serve as a custodian for amounts not listed in Part
X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes,"
complete Schedule D, Part IV ................................ 9 X
10 Did the organization, directly or through a related organization, hold assets in temporarily restricted
endowments, 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," complete
Schedule 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 more
of 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 more
of 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 assets
reported 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 X
f 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 X
12a Did the organization obtain separate, independent audited financial statements for the tax year? If"Yes," complete
Schedule D, Parts XI, XII, and XIII............................... 12a X
b 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 X
13 Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E ....... 13 X
14a Did the organization maintain an office, employees, or agents outside of the United States" ......... 14a X
b 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 aggregate
foreign 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 any
organization 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 assistance
to 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 services
on 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 on
Part 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 X
b If "Yes" to line 20a. did the or q anization 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 4
I1iILY1 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 organization
I in the United States on Part IX, column (A), line 1? If "Yes," complete Schedule I, Parts / and II ....... 21 X
22 Did the organization report more than $5,000 of grants and other assistance to individuals in the
United States on Part IX, column (A), line 2? If "Yes," complete Schedule I, Parts / and Ill ......... 22 X
23 Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the
organization's current and former officers, directors, trustees, key employees, and highest compensated
employees? If "Yes," complete Schedule J ........................... 23 X
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 lines
24b through 24d and complete Schedule K. If "No, "go to fine 25 ................... 24a X
b Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception? ..... 24b X
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? .............................. 24c X
d Did the organization act as an "on behalf of' issuer for bonds outstanding at any time during the year? ..... 24d X
25a Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction
with a disqualified person during the year? If "Yes," complete Schedule L, Part I ............. 25a X
b Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a
prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or
990-EZ? If "Yes," complete Schedule L, Part I .......................... 25b X
26 Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee, or
disqualified person outstanding as of the end of the organization's tax year? If "Yes," complete Schedule L, Part II 26 X
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% controlled
entity or family member of any of these persons? If "Yes," complete Schedule L, Part Ill .......... 27 X
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 ..... 28a X
b A family member of a current or former officer, director, trustee, or key employee? If "Yes," complete
Schedule L, Part IV .................................... 28b X
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 ...... 28c X
29 Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M 29 X
30 Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified
conservation contributions? If "Yes," complete Schedule M ..................... 30 X
31 Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N,
PartI ......................................... 31 X
32 Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?
If "Yes," complete Schedule N, Part II ............................. 32 X
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 ............... 33 X
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 .................................... 34 X
35a Did the organization have a controlled entity within the meaning of section 512(b)(13)? .......... 35a X
b Did the organization receive any payment from or engage in any transaction with a controlled entity within
the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, fine 2 ............ 35b X
36 Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related
organization? If "Yes," complete Schedule R, Part V, fine 2 ..................... 36 X
37 Did the organization conduct more than 5% of its activities through an entity that is not a related organization
and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part
VI........................................... 37 X
38 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 X
Form 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 E
Yes I No

la Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable ....... .Ia 0
b Enter the number of Forms W-2G included in line 1 a Enter -0- if not applicable lb 0
C Did the organization comply with backup withholding rules for reportable payments to vendors and reportable
gaming (gambling) winnings to prize winners? . . . . . . . . . . . . . . . . . . . . . . . . . . .Ic X
2a Enter the number of employees reported on Form W-3 Transmittal of Wage and Tax
Statements filed for the calendar year ending with or within the year covered by this return 2a 0
b If at least one is reported on line 2a, did the organization file all required federal employment tax returns? . . . 2b X
Note If the sum of lines 1 a and 2a is greater than 250 you may be required to e-file (see instructions)
3a Did the organization have unrelated business gross income of $1,000 or more during the year'? ....... . 3a X
b If "Yes," has it filed a Form 990-T for this year? If "No, "provide an explanation in Schedule 0 ........
4a At any time during the calendar year, did the organization have an interest in, or a signature or other authority
over, a financial account in a foreign country (such as a bank account, securities account, or other financial
account) '? ........................................_____________ 4a
b 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.
5a Was the organization a party to a prohibited tax shelter transaction at any time during the tax year'? ...... 5a X
b Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? 5b X
C If "Yes" to line 5a or Sb, did the organization file Form 8886-T'? .................... 5c X
6a Does the organization have annual gross receipts that are normally greater than $100,000, and did the
organization solicit any contributions that were not tax deductible'? .................. 6a IX
b If "Yes," did the organization include with every solicitation an express statement that such contributions or
gifts were not tax deductible'? ................................ MMM
7 Organizations that may receive deductible contributions under section 170(6). EMN
a Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods
and services provided to the payor'? .............................. 7a X
b If "Yes," did the organization notify the donor of the value of the goods or services provided'? ........ 7b X
C Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was
required to file Form 8282'? ................................. 7c X
d
e
If "Yes," indicate the number of Forms 8282 filed during the year . . . . . . . . . . . I I
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?.
7d
7e X
f Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? 7f X
g If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?. ia _&
h If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C 7h.....:.:......:
8 Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting
organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring
organization, have excess business holdings at any time during the year'? ................
9 Sponsoring organizations maintaining donor advised funds.
a Did the organization make any taxable distributions under section 4966'? ................ 9a X•
b Did the organization make a distribution to a donor, donor advisor, or related person' ? ........... 9bT X I
10 Section 501(c)(7) organizations. Enter:
a Initiation fees and capital contributions included on Part VIII, line 12 ...........lOa0
b Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities. lOb 0
11 Section 501(c)(12) organizations. Enter:
a Gross income from members or shareholders . . . . . . . . . . . . . . . . . . 111al 0
b Gross income from other sources (Do not net amounts due or paid to other sources
against amounts due or received from them.) ................... lIb0
12a Section 4947(a)(I) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?.

13
b If "Yes," enter the amount of tax-exempt interest received or accrued during the year. . . . 12b
Section 501(c)(29) qualified nonprofit health insurance issuers.
I I
a Is the organization licensed to issue qualified health plans in more than one state'? ............ EI
Note. See the instructions for additional information the organization must report on Schedule 0.

14a
b

C
Enter the amount of reserves the organization is required to maintain by the states in which
the organization is licensed to issue qualified health plans ..............13b
Enter the amount of reserves on hand ...................... 13c0
Did the organization receive any payments for indoor tanning services during the tax year'? .........
0
UI
14a I X
b If "Yes," has it filed a Form 720 to report these payments? If "No, "provide an explanation in Schedule 0 . 14b I X
Form 990 (2011)
- 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
Yes No
. la 7/..
I a Enter the number of voting members of the governing body at the end of the tax year.
If there are material differences in voting rights among members of the governing body, or
if the governing body delegated broad authority to an executive committee or similar
committee, explain in Schedule 0.
b Enter the number of voting members included in line I a, above, who are independent. . lb 1
2 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? ...................... 2 X
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,
NIP
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? ...............
111 X.
X
9 Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached
at the organization's mailing address? If "Yes, "provide the names and addresses in Schedule 0 I9I J X
Section 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 X
b 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 990
12a 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 X
c 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 X
15 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 X
b 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 safeguard
the organization's exempt status with respect to such arrangements'? ..................l6b - -
Section C. Disclosure
17 List the states with which a copy of this Form 990 is required to be filed io. NY
18 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 interest
policy, 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 the
organization: -MlynL.uo 71.491:910.4
SAME, Bronx, NY 10455
Form 990 (2011)
 Form 990 (2011) NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493 Page 7

1fl1&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 Employees
I a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the
organization's tax year.
• List all of the organization's current officers, directors, trustees (whether individuals or organizations), regardless of amount
of 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 the
organization 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 the
organization, 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; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(C)
Position
(A) (B) (do not check more than one (0) (E) (F)
Name and Title Average box, unless person is both an Reportable Reportable Estimated
hours per officer and a direct Qr/ust compensation compensation amount of
week CD fl from from related other
- organizations compensation
(describe CL U)
the
0.
ts
hours for organization (W-2/1 099-MISC) from the
.-a
related (W-2/1 099-MISC) organization
organizations and related
D
in Schedule CD a organizations
0) CD
CD
CD
0.

- (1) - MaynLgo
Chairperson 'II X1 II 01 0
- _(2)_ - Mel is sa Qusla
Vice-Chairperson ,zIIe XI I II 01 0 IC
(3) Trinity A. Padilla
1.00 XI I II 01 0 ru
(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 0
Elizabeth We!la
Member 1.00 X1 II 01 0
--(8)

- (9)

(ip)

J1.2)

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

Form 990 (2011)

 - Form 990 (2011) NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493 Page 8

Section A. Officers, Directors, Trustees Employees, and Highest Compensated Employees

(C)
Position
(A) (B) (do not check more than one (D) (E) (F)
V Average box, unless person is both an Reportable Reportable Estimated
Name and title
hours per officer and adirector/truste compensation compensation amount of
week o i -ii from from related other
-
(describe a - the organizations compensation
hours for . , organization V-2/1 099-MISC) from the
related c (N-2/1 099-MISC) organization
organizations ' and related
in Schedule 0 organizations
CD =
0)
a

£1.6)

£19)

(21)

(22)

j3)

lb Sub-total .............................0 0
c Total from continuation sheets to Part VII, Section A ......... . P' 0 0
d 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 of
reoortable com p ensation from the orQanization 0
Yes No
3 Did the organization list any former officer, director, or trustee key employee or highest compensated
employee on line 1 a? If 11 Yes," complete Schedule J for such individual ................. 3 X
4 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 such
individual ......................................... 4 X
5 Did any person listed on line 1 receive or accrue compensation from any unrelated organization or individual
for services rendered to the organization? If 'Yes,' complete Schedule J for such person 5 X
Section B. Independent Contractors
I 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 tax
year.
(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 received
more 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 from
function revenue tax under sections
revenue _____________ 512,513 or 514

. .
1 Federated campaigns la 0
b Membership dues lb 0
c
in Fundraising events Ic 0
. d Related organizations Id 0
uF e Government grants (contributions) le 0
2 f All other contributions gifts grants and
. similar amounts not included above If 0
g Noncash contributions included in lines la-1f: $ 0
h Total Add lines la-If 0 __________
Business Code

2a Gala Banquet Revenue 900099 159,786 159,786

b Parade Participation Revenues -900099 185,363 185,363
C Journal Revenues 900099 20,000 20,000
d Various Concerts, Paents -900099 74,906 74,906
e - 0
f All other program service revenue. . . . 0...
g Total. Add lines 2a-2f 440,055
3 Investment income (including dividends, interest, and
other similar amounts) ............... 0
4 Income from investment of tax-exempt bond proceeds. . 0
5 Royalties .................... .. 0
(I) Real (ii) Personal

6a Gross rents
b Less rental expenses
c Rental income or (loss) 0 0
d Net rental income or (loss) ...............0.
7a Gross amount from sales of (t) Securities (ii) Other

assets other than inventory 0 0

b Less: cost or other basis .....:•:: :::f:..:...:..:::::..: ..::......:......:...: .
and sales expenses 0 0
c Gain or (loss) 0 0
d Net gain or (loss) ................... ... . ...........
G)
8a Gross income from fundraising
events (not including $ 0
of contributions reported on line Ic)
See Part IV line 18 a 0
b Less direct expenses b 0
c Net income or (loss) from fundraising events 0
9a Gross income from gaming activities
See Part IV line 19 a 0
b Less direct expenses b 0
c Net income or (loss) from gaming activities 0
lOa Gross sales of inventory, less
returns and allowances a 0
b Less cost of goods sold b 0
c Net income or (loss) from sales of inventory . . . 0
Miscellaneous Revenue Business Code
ha 0
b 0 _____
C 0
d All other revenue ........... 0
e Total Add lines Ila—Ild 0
- 12 Total revenue. See instructions ..............440,055 440,055 0 0
Form 990 (2011)
 Form990 (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 are
not required to complete columns (B), (C), and (D).
Check if Schedule 0 contains a response to any question in this Part IX ................
(A) (B) (C) (D)
Do not include amounts reported on lines 6b, Management and Fundraising
Total expenses Program service
8b, 9b, and lOb of Part VIII
I Grants and other assistance to governments and
organizations in the United States. See Part IV, line 21 0 ::::,::::::.
2 Grants and other assistance to individuals in the
United States. See Part IV, line 22 ........ 0
3 Grants and other assistance to governments,
organizations, and individuals outside the
United States. See Part IV, lines 15 and 16 0
4 Benefits paid to or for members ......... 0
5 Compensation of current officers, directors,
trustees, and key employees .......... 0
6 Compensation not included above, to disqualified
persons (as defined under section 4958(f)(1)) and
persons described in section 4958(c)(3)(B) 0
7 Other salaries and wages ........... 0
8 Pension plan accruals and contributions (include
section 401(k) and 403(b) employer contributions). 0
9 Other employee benefits ............ 0
10 Payroll taxes ................ 0
11 Fees for services (non-employees):
a Management ................ 0
b Legal ................... 18,000 18,000
c Accounting ................. 8,500 8,500
d Lobbying ................._______________ 0
e Professional fundraising services. See Part IV, line 17 85,91
f Investment management fees .........._______________ .
gOther ...................___________ .
12 Advertising and promotion ..................______________ 51,421 51,421
13 Office expenses .....................______________ 14,63 14,630
14 Information technology ............_______________ .
15 Royalties ................._______________ 0
16 Occupancy .......................______________ 14, 52 14,526
17 Travel .................. 3,1701 3.170
18 Payments of travel or entertainment expenses
for any federal, state, or local public officials 0
19 Conferences, conventions, and meetings ..... 0
20 Interest .................. 0
21 Payments to affiliates ............. 0
22 Depreciation, depletion, and amortization ..... 490 490 SI
23 Insurance ................. 43,759 43,759
24 Other expenses. Itemize expenses not covered
above (List miscellaneous expenses in line 24e. If
line 24e amount exceeds 10% of line 25, column
(A) amount, list line 24e expenses on Schedule 0.) f....:.
a Food 165,968
6 si
b Sound and _M_ usic
-- 75.750 75,750
C Telephone 5,242
d Registration, Broadcast and other services 11 fees 113,208
e All other expenses various parade expenses 107 45,107
25 Total functional expenses. Add hrough
lines 1 t 559.771 p 85,919
26 Joint costs. Complete this line only if the
organization reported in column (B) joint costs
from a combined educational campaign and
fundraising solicitation. Check here Dif
followin g SOP 98-2 (ASC 958-720) .......
- Form 990 (2011)
Form 990 (201 NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493 Page 11
e Sheet
(A) (B)
Beginning of year - End of year
I Cash—non-interest-bearing ................. 2,196 1 8,518
2 Savings and temporary cash investments ............ 02 0
3 Pledges and grants receivable, net .............. 03 0
4 Accounts receivable, net .................. 04 0
5 Receivables from current and former officers, directors, trustees, key
employees, and highest compensated employees. Complete Part II of ... .......
Schedule L ....................... low 0,
6 Receivables from other disqualified persons (as defined under section
4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing
employers and sponsoring organizations of section 501(c)(9) voluntary
(I,
employees' beneficiary organizations (see instructions) ....... 0 6 0
Notes and loans receivable, net ................ 0 7 0
cZ 8 Inventories for sale or use .................. 0 8 0
9 Prepaid expenses and deferred charges ............. 0 9 0
1 0a Land, buildings, and equipment: cost or
other basis. Complete Part VI of Schedule D lOa 23,8
b Less: accumulated depreciation. . . lOb 22,27 2,032 lOc 1,542
11 Investments—publicly traded securities ............. 0 11 0
12 Investments—other securities. See Part IV, line 11 ........ 0 12 0
13 Investments—program-related. See Part IV, line 11 ........ 0 13 0
14 Intangible assets ..................... 0 14 0
15 Other assets. See Part IV, line 11 ............... 0 15 0
16 Total assets. Add lines I through 15 (must equal line 34) 4,228 16 10,060
17 Accounts payable and accrued expenses ............ 678,920 17 890,387
18 Grants payable ...................... 0 18 0
19 Deferred revenue ..................... 0 19 0
20 Tax-exempt bond liabilities ................. 0 20 0
21 Escrow or custodial account liability. Complete Part IV of Schedule D 0 21 0
22 Payables to current and former officers, directors, trustees, key
employees, highest compensated employees, and disqualified
persons. Complete Part Il of Schedule L ............ 0 22 0
-i23 Secured mortgages and notes payable to unrelated third parties 0 23 0
24 Unsecured notes and loans payable to unrelated third parties . 0 24 0
25 Other liabilities (including federal income tax, payables to related third
parties, and other liabilities not included on lines 17-24). Complete
Part X of Schedule D .................... 0 25 0
26 Total liabilities. Add lines 17 through 25 67 0 26 890,387

(I)
Organizations that follow SFAS 117, check here and
w complete lines 27 through 29, and lines 33 and 34.
0
C
c 27 Unrestricted net assets ................... -674.69 27 -880,327
28 Temporarily restricted net assets ............... 0 28 0
29 Permanently restricted net assets ............... 0 29 0
U-
I-
Organizations that do not follow SFAS 117, check here P1111
0 and complete lines 30 through 34.
U)
30 Capital stock or trust principal, or current funds .......... 0 30 0
(I,
tn 31 Paid-in or capital surplus, or land, building, or equipment fund . 0 31 0
32 Retained earnings, endowment, accumulated income, or other funds 0 32 0
Z 33 Total net assets or fund balances ............... -674692 33 -880,327
34 Total liabilities and net assets/fund balances ........... 34 10,060
Form 990 (2011)
 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) .................. 1 440
2 Total expenses (must equal Part IX, column (A), line 25) .................. 2 645
3 Revenue less expenses. Subtract line 2 from line I .................... 3 -205
4 Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..... 4 -674
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)) ................................... -880
Ml Financial Statements and Reporting
Check if Schedule 0 contains a response to any question in this Part XII
Yes No
I Accounting method used to prepare the Form 990: Cash Accrual Other
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule 0.
2a Were the organization's financial statements compiled or reviewed by an independent accountant? ...... 2a X
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 in
Schedule 0.
d If "Yes" to line 2a or 2b, check a box below to indicate whether the financial statements for the year were
issued on a separate basis, consolidated basis, or both:
Separate basis R Consolidated basis Both consolidated and separate basis
3a 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? ......................... 3a X
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 step s taken to underg o such audits. 3b
Form 990 (2011)
 Exempt Organization Business Income Tax Return
• Form 990-T (and proxy tax under section 6033(e))
I
OMB No. 1545-0687

2011
Department of the Treasury
For calendar year 2011 or other tax year beginning, and
-. Internal Revenue Service ending See separate instructions.
Employer Identification number
A 111 Check box if
address changed
Name of organization ([__J Check box if name changed and see instructions.)
(Employees trust, see instructions)
B Exempt under section NATIONAL PUERTO RICAN DAY PARADE, INC.
Print
EXI 501 ( C )(3 Number, street, and room or suite no. If a P.O. box, see instructions. 13-3869493
Fj 408(e) 220(e)
or
Type
Tune 2804 THIRD AVE E Unrelated business activity codes

Fj 408A F 530(a) or town, state, and ZIP code

(See instructions.)

Lj 529(a) BRONX NY 10455 I 541 800

C 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 trust
H Describe the organization's primary unrelated business activity. ADVERTISING
I Dung the tax year, was the corporation a subsidiary in an affiliatedtigroup or a parent-subsidiary controlled group? . . . Yes No
If "Yes," enter the name and identifying number of the parent corpora on.
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 sales

b 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 0
4 a Capital gain net income (attach Schedule D) 4a
b Net gain (loss) (Form 4797 Part II line 17) (attach Form 4797) 4b
c Capital loss deduction for trusts 4c H I I I
5 Income (loss) from partnerships and S corporations (attach statement) 5
6 Rent income (Schedule C) .............6
7 Unrelated debt-financed income (Schedule E) ......7
8 Interest, annuities, royalties, and rents from controlled
organizations (Schedule F) .............. 8
9 Investment income of a section 501(c)(7), (9), or (17)
organization (Schedule G) ..............9
10 Exploited exempt activity income (Schedule I) .......10
II Advertising income (Schedule J) ............11 20,000 -.5,988 14,012
12 Other income (See instructions; attach schedule.) ..... .12
13 Total. Combine lines 3 through 12 13 20,000 - 5,988 - 14,012
Vol 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) .................14
15 Salaries and wages ................................15
16 Repairs and maintenance ..............................16
17 Bad debts .....................................17
18 Interest (attach schedule) ............................... 18
19 Taxes and licenses ..................................'19
20 Charitable contributions (See instructions for limitation rules.) .................. 20
21 Depreciation (attach Form 4562) ...............21 '1:....
22 Less depreciation claimed on Schedule A and elsewhere on return 22a 22b
23 Depletion ....................................23
24 Contributions to deferred compensation plans ........................24
25 Employee benefit programs .............................. 25
26 Excess exempt expenses (Schedule I) .......................... 26
27 Excess readership costs (Schedule J) ........................... 2714,012
28 Other deductions (attach schedule) ............................ 28
29 Total deductions. Add lines 14 through 28 ......................... 2914,012 -
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) ..................31
32 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

I
: •fliIllI utation
35 Organizations Taxable as Corporations. See instructions for tax computation. Controlled group
members (sections 1561 and 1563) check here See instructions and:
a 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 I
b Enter organization's share of: (1) Additional 5% tax (not more than $11,750) $
(2) Additional 3% tax (not more than $100,000) ............$
C Income tax on the amount on line 34 ....................... Illo- 35C
36 Trusts Taxable at Trust Rates. See instructions for tax computation. Income tax on the
amount on line 34 from: Tax rate schedule or Schedule D (Form 1041) .....
37 Proxy tax. See instructions ........................... 11110 . 37
38 Alternative minimum tax ............................
39 Total. Add lines 37 and 38 to line 35c or 36. whichever aoolies ............. I 39
IflilkYI Tax and Payments
40 a Foreign tax credit (corporations attach Form 1118; trusts attach Form 1116) 40a
b Other credits (see instructions) .................40b
c General business credit. Attach Form 3800 (see instructions) ......40c
d Credit for prior year minimum tax (attach Form 8801 or 8827) . . . . 40d
e Total credits. Add lines 40a through 40d ....................... 0
41 Subtract line 40e from line 39 ........................... 41 0
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 ........................... 0
44 a Payments: A 2010 overpayment credited to 2011 ......... .44a
b 2011 estimated tax payments ..................44b
c Tax deposited with Form 8868 .................44c
d Foreign organizations: Tax paid or withheld at source (see instructions). 44d
e Backup withholding (see instructions) ..............44e
f Credit for small employer health insurance premiums (Attach Form 8941) 44f
g Other credits and payments: Form 2439
E Form 4136 Other Total 0 -
45 Total payments. Add lines 44a through 44g ..................... 45
46 Estimated tax penalty (see instructions). Check if Form 2220 is attached ......... 46 I
47 Tax due. If line 45 is less than the total of lines 43 and 46, enter amount owed ........ 47
48 Overpayment. If line 45 is larger than the total of lines 43 and 46, enter amount overpaid . . 48
49 Enter the amount of line 48 you want: Credited to 2012 estimated tax I Refunded 49
ITiLY1 Statements Renardinu Certain Activities and Other Information (see instructions
I At any time during the 2011 calendar year, did the organization have an interest in or a signature Yes No

or 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 and
Financial Accounts, If YES, enter the name of the foreign country here' --
2 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.
3 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. Subtract
3 Cost of labor .......3 line 6 from line 5. Enter here
4 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 No
b Other costs (attach schedule) 4b property produced or acquired for resale)
5 Total. Add lIies I through 4b 5 011 apply to the organization? ..... .
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,
of ci tion
and co lete. 0 eparer (other than taxpayer) is based on all/iform tion of which preparer has any knowledge.
Sign May the IRS discuss this return with
Here I -jO-Sov the preparer shown below (see
instructions)? Yes No
signaturefer Date
____________________________________________________________________________ Title
___

Paid
Prinpe prres name Prepares signature I Date
I Check if PTIN
'ROSE BAUM ROSE BAUM /2r &e-'.__.__j 4/23/2012 self-employed 1P00648699
Preparer I Firm's name 111i Firm's EIN
Use Only Firm'saddress P.O. Box 275, NANUET, NY 10954 Phone no. (212)769-3633
Form 990-T (2011)
 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 the 3(a) Deductions directly connected with the income
for personal property is more than 10% but not percentage of rent for personal property exceeds in columns 2(a) and 2(b) (attach schedule)
more than 50%) 50% or if the rent is based on profit or income)

Total OTotal
(b) Total deductions.
(c) Total income. Add totals of columns 2(a) and 2(b). Enter Enter here and on page 1,
here and on page 1, Part I, line 6, column (A) ...... Part I. line 6. column (B IC
Schedule E—Unrelated Debt-Financed Income (see instructions
3. Deductions directly connected with or allocable
2. Gross income from or to debt-financed property
1. Description of debt-financed property allocable to debt-financed
property (a) Straightlinedepreciation I(b) Other deduction.

(4)
4. Amount of average5. Average adjusted basis
S. Column 8. Allocable deductions
acquisition debt on or of or allocable to 7. Gross income reportable
4 divided (column 6 x total of columns
allocable to debt-financed debt-financed property (column 2 x column 6)
by column 5 3(a) and 3(b))
property (attach schedule) (attach schedule)
%
%
(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 .................................0
Total dividends-received deductions included in column 8
Schedule F—Interest, Annuities, Royalties, and Rents From Controlled Organizations (see instructions
I I Exem pt Controlled Orcianizations
1. Name of controlled 2. Employer 5. Part of column 4 that is J 6. Deductions directly
organizatio n identification number( 3. Net unrelated income 4. Total of specified
included in the controlling connected with income
(loss) (see instructions) payments made
I I I organization's gross income I in column 5
(1)
(2)
(3)
(4)
Nonexempt Controlled Organizations
10. Part of column 9 that is 11. Deductions directly
8. Net unrelated income S. Total of specified
7. Taxable Income included in the controlling connected with income in
(loss) (see instructions) I payments made
organization's gross income column 10
(1)
(2)
(3)
(4)
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 0
Form 990-T (2011)
 Form 990-T(2011) NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493 Page
-' : Schedule G-Investment Income of a Section 501(c)(7), (9), or (17) Organization (see instruction s)
- I 3. Deductions I I 5. Total deductions
- 1. Description of income
I I 4. Set-asides
2. Amount of income directly connected(cal. and set-asides 3
I (attach schedule)

0
0
0
(4) 0
Enter here and on page 1 Enter here and on page 1
Part I line 9 column (A) Part I line 9 column (B)
Totals
Schedule I-Ex ploited Exemr In Other Than Advertising Income (see instructions)
4. Net income
3. Expenses (loss) from 7. Excess exempt
2. Gross
directly unrelated trade 5. Gross income expenses
unrelated 6. Expenses
connected with or business from activity that (column 6 minus
1. Description of exploited activity business income attributable to
production of (column 2 minus is not unrelated column 5, but not
from trade or column
I 5
unrelated column 3). If a business income more than
business
business income gain, compute column 4).
cols. 5 through 7.
(1) 0 0
(2) 0 0
(3) 0 0
(4) 0 0
Enter here and on Enter here and on Enter here and
page l, Part l, pagel,Partl, on page 1,
line 10 col (A) line 10 col (B) Part II, line 26.
Totals 0, 0 0
Schedule J-AdvertisingIncome (see instructions)
Income From Periodicals Reported on a Consolidated Basis
4. Advertising 7. Excess readership
2. Gross gain or (loss) (col. costs (column 6
3. Direct 5. Circulation 6. Readership
1. Name of periodical advertising 2 minus col. 3). If minus column 5,
advertising costs income costs but not more than
income a gain, compute
cols. 5 through 7. column 4),

(1)Gala Journal 20,000, 5 988 15,012 = 29,950

(2)
(3)
(4)

Totals (carry to Part II, line (5)) ... 20,0001 5,9881 14,0121 15,0121 29,9501 14,012
1fl'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. costs (column 6
3. Direct 5. Circulation 6. Readership
1. Name of periodical advertising 2 minus col. 3). If minus column 5,
advertising costs income costs
income a gain, compute but not more than
cols. 5 through 7. column 4).

ME 01 0
0 0
0 0
(4) 0 0
(5) Totals from Part I 20,000 5,988 14,012
Enter here and on Enter here and on Enter here and
page 1 Part 1, page 1 Part I on page 1,
line 11 col (A) line 11 col (B) Part II, line 27.
Totals, Part II 1-5) 20,000 5,988 •.:. . .•• :. ..:.:....:. 14.012
Schedule om pensation of rficers. Directors, and Trustees (see instructions)
3. Percent of
4. Compensation attributable to
1. Name 2. Title time devoted to
unrelated business

%
(2) %
%

Total. Enter here and on 1, Part ll, line l4 .............................. %

Form 990-T (2011)

0
 Depreciation and Amortization OMB No. 1545-0172
Form
4562 (Including Information on Listed Property) ©11
Department of the Treasury Attachment
Internal Revenue Service 110- separate instructions. 110, Attach to r tax return. Seauence No. 179
Name(s) shown on return I Business or activity to which this form relates Identifying number
NATIONAL PUERTO RICAN DAY PARADE, ft1 990 1 13-3869493
Ti1 Election To Expense Certain Property Under Section 179
Note: If you have any listed property, complete Part V before you complete Part! -
I Maximum amount (see instructions) ............................... I
2 Total cost of section 179 property placed in service (see instructions) ...................2
3 Threshold cost of section 179 property before reduction in limitation (see instructions) .............3
4 Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0- ................4 I 'I
5 Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0-. If married filing
separately, see instructions 5
6 (a) Description of property I (b) Cost (business use only) I (c) Elected cost

7 Listed property. Enter the amount from line 29 .................. I 7 I

8 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 I
Note: 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.) (SE
14 Special depreciation allowance for qualified property (other than listed property) placed in service
during the tax year (see instructions) .............................. 14
15 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 I
18 If you are electing to group any assets placed in service during the tax year into one or more
general asset accounts check here
Section 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 property
c 7-year property
d 10 year property
e 15-year property
f 20-year property
g 25-year property 25, S/L
h Residential rental 27.5 MM S/L
property 27.5 MM S/L
i Nonresidential real 39' MM S/L
MM S/L
Section C -Assets Placed in Service During 2011 Us ative Depreciatiot
20 a Class life S/L
b_12-year 12 yrs. S/L
c 40-year 40 vrs. MM S/L
lTiIlY 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. 22 490
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. Form 4562 (2011)
(HTA)
 SCHEDULE A OMB No. 1545-0047
Public Charity Status and Public Support
(Form 990 or 9!
Complete if the organization is section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
©11
- Department of the Treasury
Internal Revenue Service Attach to Form 990 or Form 990-EZ. See separate instructions.
Name of the organization Employer identification number
NATIONAL PUERTO RICAN DAY PARADE. INC. 13-3869493
97 tM 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 its
support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired 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 section
509(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 disqualified
persons other than foundation managers and other than one or more publicly supported organizations described in section
509(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 supporting
organization, check this box ...................................
g Since August 17, 2006, has the organization accepted any gift or contribution from any of the
following 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. support
above 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)

Ii
i 0

Total 0
For Paperwork Reduction Act Notice, see the Instructions for Schedule A (Form 990 or 990-EZ) 2011
Form 990 or 990-EZ.
(HTA)
- Schedule A (Form 990 or 990-EZ) 2011 NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493 Page 2
U1TiIII 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 under
Part Ill. If the organization fails to qualify under the tests listed below, please complete Part Ill.)
Section A. Public Support
Calendar year (or fiscal year beginning in) jo . (a) 2007 (b) 2008 (C) 2009 (d) 2010 (e) 2011 (f) Total
I Gifts, grants, contributions, and
membership fees received. (Do not
include any "unusual grants.") ......573,980 655,447 380,827 422,794 440,055 2,473,103
2 Tax revenues levied for the organization's
benefit and either paid to or expended on
its behalf .............0 0
3 The value of services or facilities
furnished by a governmental unit to the
organization without charge 0 0
4 Total. Add lines 1 through 3 573,980 655,447 380,827 422,794 440,055 2,473,103
5 The portion of total contributions by each
person (other than a governmental unit
or publicly supported organization)
included on line I that exceeds 2%
of the amount shown on line 11
column (f)
6 Public support Subtract line 5 from line 4."-:-: ' 2473 103
Section B. Total Support
Calendar year (or fiscal year beginning in) Do. (a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total
7 Amounts from line 4 .........573,980 655,447 380,827 422,794 440,055 2,473,103
8 Gross income from interest, dividends,
payments received on securities loans,
rents, royalties and income from similar
sources ..............9,647 1,818 11,465
9 Net income from unrelated business
activities, whether or not the business is
regularly carried on ..........0 0
10 Other income. Do not include gain or
loss from the sale of capital assets
(Explain in Part IV.) 0___
1 ___________ ___________ 0
11 Total support Add lines 7 through 10 2 484 568
12 Gross receipts from related activities, etc (see instructions) ................12
13 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 [III
Section _C._Computation _of Public _Support _Percentage
14 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 .............. 1599.21%
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 ................. D
17a 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 in
Part IV how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization............................................
b 10%-facts-and-circumstances test-2010. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in
Part IV how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly
supported organization .......................................
18 Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ...........................................
Schedule A (Form 990 or 990-EZ) 2011
 NATIONAL PUERTO RICAN DAY PARADE, INC.
- Schedule A (Form 990 or 990-EZ) 2011 13-3869493 Page 3
IIThllI 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 Support
Calendar year (or fiscal year beginning in) (a) 2007 I
(b) 2008
I (c) 2009 I (d) 2010 I (e) 2011 (f) Total
I I

I Gifts, grants, contributions, and membership fees

received. (Do not include any "unusual grants.)

I
2 Gross receipts from admissions, merchandise
sold or services performed, or facilities furnished
in any activity that is related to the
organizations tax-exempt purpose .......
3 Gross receipts from activities that are not an

I
unrelated trade or business under section 513.
4 Tax revenues levied for the organizations
benefit and either paid to or expended on
its behalf ................
5 The value of services or facilities
furnished by a governmental unit to the

!
organization without charge .........
6 Total. Add lines 1 through 5 ......... El
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 that
exceed the greater of $5,000 or 1% of the
amount on line 13 for the year ........
c Add lines 7a and 7b ............ 0 I] IC
8 Public support (Subtract line 7c from
line 6.) ................. I.:...
Section B. Total Support
Calendar year (or fiscal year beginning in) 2007 I (b) 2008 I (c) 2009 2010 I (e) 2011 I (0 Total
9 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 (less
section 511 taxes) from businesses
acquired after June 30, 1975 ........ 0
c Add lines 1 O and 1 O ............0 0 0 0 0 0
11 Net income from unrelated business
activities not included in line I Ob, whether
or not the business is regularly carried on . . . 0
12 Other income. Do not include gain or
loss 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 Percentage
15 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 Percentaqe
17 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 .................... 180.00%
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

20
line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ..........E
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
 NATIONAL PUERTO RICAN DAY PARADE, INC.
Schedule A (Form 990 or 990 .EZ) 2011 13-3869493 Page 4
UfliIY1 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. (See
instructions).

Schedule A (Form 990 or 990-EZ) 2011

- SCHEDULED OMB No. 1545-0047
Supplemental Financial Statements
- (Form 990)
Complete 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.
©11
Department of the Treasury
S.-
Attach to Form 990. See separate instructions. i i-.tIMi
ployer Identification number
NATIONAL PUERTO RICAN DAY P INC. 13-3869493
urganizations maintaining uonor Mavis -unas or UtflE or Accounts. Complete if
the oraanization answered "Yes" to Form 9 Part IV, line 6.
Donor advised funds (b) Funds and other accounts
I 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

6
funds are the organization's property, subject to the organization's exclusive legal control? ......
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
J
Yes No fl
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other
purpose 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 area
flProtection of natural habitat Preservation of a certified historic structure
Preservation of open space
2 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 ................... 2a
b Total acreage restricted by conservation easements ...............2b
c Number of conservation easements on a certified historic structure included in (a). . 2c
d Number of conservation easements included in (c) acquired after 8/17/06, and not on a
historic structure listed in the National Register .................2d
3 Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization
during the tax year
4 Number of states where property subject to conservation easement is located
5 Does the organization have a written policy regarding the periodic monitoring, inspection, handling of
violations, and enforcement of the conservation easements it holds'? .............. Yes No
6 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 section
170(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, and
balance sheet, and include, if applicable, the text of the footnote to the organization's financial statements that describes
the 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 sheet
works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance
of 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 sheet
works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance
of 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 the
following 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)
 NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493
Schedule (Form 990) 2011 Page 2
IITiIIII 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 programs
b Scholarly research e Other
c Preservation for future generations
4 Provide a description of the organization's collections and explain how they further the organization's exempt purpose in
Part XIV.
5 During the year, did the organization solicit or receive donations of art, historical treasures, or other similar
assets 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, Part
IV, 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 not
...............................
included on Form 990, Part X
b If "Yes," explain the arrangement in Part XIV and complete the following table:
Yes No

Amount
c Beginning balance ...........................
d Additions during the year ......................... Ic
Id
0

f Ending balance
........................
e Distributions during the year
............................ le
If 0
................
2a Did the organization include an amount on Form 990, Part X, line 21
b If "Yes," explain the arrangement in Part XIV.
7 Yes No

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. . . 0
b 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: Yes No
(i) unrelated organizations
(ii) related organizations
..............................
............................... 3a(i)
3a(ii)

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

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 (d) Book value
(investment) basis (other) depreciation

...............
I

1 Land 0 0
b Buildings ..............
c Leasehold improvements
0
0
0
0
0
0
d Equipment
e Other
.............
............... 0
0
821 22,279
0
1,542
0
Total. Add lines 1 throucih le. (Column (d) must eaua! Form 990. Part column (B). line I 1,542
Schedule o (Form 990) 2011
 NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493
Schedule D 2011 3
- 17MMAi• Investments—Other Securities. See Form 990, Part line 12.
(a) Description of security or category (b) Book value (C) Method of valuation:
(including name of security) Cost or end-of-year market value
(1) Financial derivatives 0
(2) Closely-held equity interests 0
(3) Other -0
0
--- - 0
0
0
0
0
(G -0
0
(I) 0
Total. (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 (C) Method of valuation:
Cost or end-of-year market value
II
II
ii
II
SI
SI
SI
SI
SI
(10) 0
Total. (Column (b) must equal Form 990, Part X, col. (B) line 13.) b. 0
IfliIP Other Assets. See Form 990. Part X. line 15.
(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 the
organization's liability for uncertain tax positions under FIN 48 (ASC 740).
Schedule D (Form 990) 2011
 NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493
- Schedule D (Form 990) 2011 ge 4
Reconciliation of Change in Net Assets from Form 990 to Audited Financial Statements
I
2
3
Total expenses (Form 990, Part IX, column (A), line 25) .................
Total revenue (Form 990, Part VIII, column (A), line 12) ................ .'1

................
Excess or (deficit) for the year. Subtract line 2 from line I
2
3
055
690
635
4 .....................
Net unrealized gains (losses) on investments
........................
4
5
0
0
5 Donated services and use of facilities
6
7
Investment expenses ..............................
............................
Prior period adjustments
6
7
0
0
8
9
...........................
Other (Describe in Part XIV.)
. .
Total adjustments (net). Add lines 4 through 8 ..................9
8 0
0
10 Excess or (deficit) for the year per audited financial statements. Combine lines 3 and 9 10 635
4i Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1
2
...........I
Total revenue, gains, and other support per audited financial statements
Amounts included on line I but not on Form 990, Part'VlIl, line 12:
I 055

................
a Net unrealized gains on investments
...............
b Donated services and use of facilities
2a
2b
0:..:

C
d Other (Describe in Part XIV.)
..................
Recoveries of prior year grants
................... 2c
2d
9
0

3
e Add lines 2a through 2d .............................
............................
Subtract line 2e from line I
-
440,055
0

4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . . . 4a
b Other (Describe in Part XIV.) ...................4b
C Add lines 4a and 4b .............................. -_0
5 Total revenue. Add lines 3 and 4c. (This must eaua! Form 990. Part I. line 12.) ........ 5 440,055
Reconciliation of Ex er Audited Financial Statements With Expenses per Return
I
2
...............
Total expenses and losses per audited financial statements
Amounts included on line I but not on Form 990, Part IX, line 25: I. . 1
645,690

b Prior year adjustments

...............
a Donated services and use of facilities
..................... 2a
2b
C Other losses .........................
...................
d Other (Describe in Part XIV.)
2c
2d

3
.............................
e Add lines 2a through 2d
............................
Subtract line 2e from line I
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b. . .4a

C Add lines 4a and 4b

...................
b Other (Describe in Part XIV.)
.............................. 4b ii

5 Total exoenses. Add lines 3 and 4c. (This must eaual Form 990. Part I. line 18.) ........ 5
I1i1LYSupplemental Information
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part Ill, lines la and 4; Part IV, lines lb
and 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 complete
this part to provide any additional information.

N/A

Schedule (Form 990) 2011

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

Schedule (Form 990) 2011

 SCHEDULE
Supplemental Information Regarding OMB No. 1545-0047

(Form 990 or 990

Department of the Treasury
Fundraising or Gaming Activities
Complete if the organization answered 'Yes" to Form 990, Part IV, lines 17, 18, or 19, or if the
organization entered more than $15,000 on Form 990-EZ, line 6a.
11
Internal Revenue Service Attach to Form 990 or Form 990-EZ. See separate instructions.

TIONAL 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 grants
b Fxj Internet and email solicitations f Solicitation of government grants
c Phone solicitations g Special fundraising events
d In-person solicitations
2a Did the organization have a written or oral agreement with any individual (including officers, directors, trustees or
key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services? J Yes No E
b If "Yes," list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization.

(v) Amount paid to

(iii) Did fundraiser have (vi) Amount paid to
(i) Name and address of individual (iv) Gross receipts (or retained by)
(ii) Activity custody or control of (or retained by)
or entity (fundraiser) from activity fundraiser listed in
contributions? organization
col. (I)
Yes No
I
G.A.L.O.S Corporation Fundraiser
1133 Broadway ny NY 10010 X 319,0041 85,919 233,085
2
0 0 0
3
IXI 0
4
0
5
0
6
0
7
0
8
0
9
0
10
I 0

Total I 319,0041 85,9191 233,085

3 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)
• 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
events with gross receipts greater than $5,000.

T
(a) Event #1 (b) Event #2 (C) Other events (d) Total events
SEE ATTACHED NONE (add col. (a) through
(event type) (event type) (total number) ccl. (C))
ci)

I Gross receipts ......SEE ATTACHED #VALUEI #VALUE!

af 2 Less: Charitable
contributions ......________________ 0 0
3 Gross income (line I
minus line 2) . . . . . #VALUE! #VALUE! #VALUE!

4 Cash prizes ...... 0 0

5 Noncash prizes. 0 0
(I,
ci)
6 Rent/facility costs. 0 0
ci)

ti 7 Food and beverages. 0 0

8 Entertainment ..... 0 0

9 Other direct expenses. 0 0

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
than $15,000 on Form 990-EZ, line 6a.
(a)
Bin(b)
go Pull tabs nstant I Other gaming
tabs/instant(c) (d) Total gaming (add
bingolprogressive bingo I col. (a) through col. (c))

Tiwll, Gross revenue ..... I I I I 0

j 2 Cash prizes ...... Ell

Ce

ci)
CL
3 Noncash prizes. 0

4 Rent/facility costs.

5 Other direct exoenses. 0

LJYes -------% Yes % EYes °'°
6 Volunteer labor ..... . [1 No No No

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

8 Net aamina income summar y. 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? ...........
b If "No," explain:
fl Yes No

IOa Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year?. .
b If 'Yes," explain:
Yes LI No

Schedule G (Form 990 or 990-EZ) 2011

 Schedule G (Form 990 or 990-EZ) 2011 NATIONAL PUERTO RICAN DAY PARADE, INC. 13-3869493 Page 3
- 11 Does the organization operate gaming activities with nonmembers'? ................. Yes No
- 12 Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity

13
formed to administer charitable gaming' ? ........................... Yes
Indicate the percentage of gaming activity operated in:
fl No

a The organization's facility ..............................13a%

b An outside facility .................................13b%
14 Enter the name and address of the person who prepares the organization's gaming/special events books
and records:

Name '

Address

15a Does the organization have a contract with a third party from whom the organization receives gaming
revenue? ....................................... Yes No
b If Yes,' enter the amount of gaming revenue received by the organization' $ 0 and the
amount 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 No
b 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 $ 0
iTiILYi 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 to
provide any additional information (see instructions).

Schedule G (Form 990 or 990-Ez) 2011

SCHEDULE 0 OMB No. 1545-0047

(Form 990 or 990-EZ)

Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on ©11
Form 990 or 990-EZ or to provide any additional information.
Department of the Treasury
Internal Revenue Service
' Attach to Form 990 or 990-EZ.

NATI DAY PARADE, INC. 13-3869493

Form 990.. P art 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 THE

NATIONAL PUERTO RICAN DAY PARADE, INC.

Independent Auditors' Report

I have audited the accompanying statement of financial position

of 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 opinion
on 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 standards
require that I plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the
financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement
presentation. I believe that my audit provides a reasonable
basis for my opinion.

In my opinion, the financial statements referred to above present

fairly, in all material respects, the financial position of the
National Puerto Rican Day Parade, Inc. as of December 31, 2011
and 2010, and the changes in its net assets and its cash flows
for the year then ended in conformity with accounting principles
generally accepted in the United States of America.

The accompanying financial statements have been prepared assuming

that the Organization will continue as a going concern. As
discussed in Note 1 to the financial statements, the Organization
has suffered recurring losses and has a net deficiency in net
assets that raise substantial doubt about its ability to continue
as a going concern. Management's plans in regard to these mat-
ters are also described in Note 1. These financial statements do
not include any adjustments that might result from the outcome of
this uncertainty.

February 17, 2012

Nanuet, New York

3
 NATIONAL PUERTO RICAN DAY PARADE, INC.

STATEMENT OF FINANCIAL POSITION

AS OF DECEMBER 31, 2011 and 2010

ASSETS
2011 2010
Cash $8,518 $ 2,196
Account Receivable -0- -0-
Total Current Assets 8,518 2,196

FIXED ASSETS

Furniture & Fixture $23,821 $23,821

Less: Accumulated Depreciation (22,279) (21,789)
1,542 2,032
Total Assets 10,060 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
 NATIONAL PUERTO RICAN DAY PARADE, INC.

STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS

FOR THE YEAR ENDED DECEMBER 31, 2011 AND 2010

REVENUE
2011 2010

Banquets Revenues $159,786 $136,370

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

Total Income 440,055 422,794

EXPENSES

Professional Fund Raising fees 85,919 82,721

Other Expenses

Wages Expenses -0- -0-

Office Expenses 5,707 -0-
Professional Fees 26,500 18,206
Payroll Taxes And Benefits -0- -0-
Depreciation 490 490
Food & Beverages 165,968 201,876
Advertising & Printing 51,421 49,208
Rentals 14,526 19,636
Sound & Music 75,750 50,900
Transportation 3,170 3,719
Decorating and Promotional Expenses 22,068 18,953
Prizes, plaques and Trophies 3,739 11,095
Various fees-Service, Registration, etc 113,208 75,040
Photos And Video 6,925 2,200
Review Stand Expenses 12,375 12,320
Office Supplies,Postage,Etc. 8,923 13,045
Telephone 5,242 6,248
Insurance 43,759 44,817
Interest -0- 655
Total 559,771 528,408
Total Expenses 645,690 611,129
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-- 78,228
Net 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 2010
Cash flows from Operating Activities:

Total receipts $440,055 $422,794

Total expenses 433,733 424,695

Net cash provided by operating activities 6,322 (1,901)

Cash flows from investing activities:

Deposits into reserve funds I I

Net cash used in investing activities I I
Cash flows from financing activities:

Mortgage principal payments

-0- -0-

INCREASE IN CASH 6,322 (1,901)

CASH AT BEGINNING OF YEAR 2,196 4,097

CASH AT END OF YEAR $ 8,518 2,196

Reconciliation of net income to net cash
provided by operating activities:

Net income (Loss) (205, 635) (188,335)

Prior year Adjustment-Children Fund -0- 78,228
Adjustments to reconcile net income to
net cash provided by operating activities:

Depreciation 490 490

Increase in Account Receivable -0- -0-
Increase in Liabilities 211,467 107,716

Net cash provided by operating activities 6,322 (1,901)

See accompanying notes to financial statements.

6
 NATIONAL PUERTO RICAN DAY PARADE, INC.
NOTES TO FINANCIAL STATEMENTS
DECEMBER 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 yearly
Puerto Rican parade in New York City. The Organization is a
not-for-profit corporation.
The accompanying financial statements have been prepared assuming
that the organization will continue as a going concern. The
organization has suffered recurring losses and has a net defi-
ciency in net assets that raise substantial doubt about its
ability 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 the
outstanding accounts payable, and decrease expenses.

NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

METHOD OF ACCOUNTING
The accompanying financial statements have been prepared on the
accrual basis of accounting in accordance with accounting princi-
ples generally accepted in the United States of America under the
FASB Accounting Standards Codification. Revenues and Expenses
are recognized when incurred.
FINANCIAL STATEMENT PRESENTATION
Net assets, revenues, expenses, gains and losses are classified
based on the existence or absence of donor-imposed restrictions.
Accordingly, net assets of the Organization and changes therein
are 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 otherwise
unrestricted amounts that are available for use in carrying out
the objectives of the Organization and include those expendable
resources which have been designated for special use by the Board
of Directors. None of the Organization's net assets are subject
to donor-imposed restrictions.

7
 NATIONAL PUERTO RICAN DAY PARADE, INC.
NOTES TO FINANCIAL STATEMENTS
DECEMBER 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 of
America requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities, and
the disclosure of contingent assets and liabilities, at the date
of the financial statements and the reported amounts of revenue
and expenses during the reporting period. Actual results could
differ from those estimates.

CASH AND CASH EQUIVALENTS

For purposes of cash flows, the Organization considers all highly

liquid investment instruments with a maturity of three months or
less 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 over
the 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 federal
tax is accrued or paid.

NOTE 3 PROFESSIONAL FUND RAISING FEES

The Organization has a contract with the Galos Corporation, a

professional fund raiser, to raise funds and pay vendors related
to fund raising activities through December 31, 2021. Galos
Corporation shall retain 27% of the total funds collected on
behalf of the Organization through December 31, 2011, and 33% of
the 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 fund
raising activities.

NOTE 4 PRIOR YEAR ADJUSTMENT - CHILDREN FUND

A prior year adjustment was booked as of December 31, 2010 as it

was 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 Lugo Chairperson none

895 Newbridge Road 5

Bellmore, N.Y. 11710

Melissa Quesada Vice-Chairperson none

28 Malysana Lane
New Rochelle, NY 10805

Trinity A. Padilla Secretary none

3- Jenks Court
Morristown, N.J. 07960

Shirley Cox Treasurer none

2 Highland Drive
Highland Mills, NY 10930

Luis Rivera General Coord. .., none

895 Newbridge Road
Bellmore, N.Y.11710
r.
Rafael Dominguez Director of External Affairs none
3038 Holland Avenue #9 5

Bronx, New York 10467

Elizabeth Virella Member none

582 Southern Boulevard #3
Bronx, New York 10455

I
COPY OF WITHIN PAPER
RECEIVED

MAYO201
9
OFFICE OF THE ATTORNEY GE
CHARITIES BUREAU