THE PRINCIPAL PURPOSE OF THE LUIS A. FERRE FOUNDATION, INC. (LAAF) IS TO OPERATE, MAINTAIN, CONSERVE, AND EXHIBIT ITS COLLECTION OF ART AT THE MUSEO DE ARTE DE PONCE (MAP), A MUSEUM IN PUERTO RICO ACCREDITED BY THE AMERICAN ALLIANCE OF MUSEUMS. LAFF OWNS ONE OF THE FINEST AND MOST IMPORTATNT COLLECTIONS OF EUROPEAN ART IN THE WESTERN HEMISPHERE. MUSEO DE ARTE DE PONCE CONNECTS THE COMMUNITY WITH THE RICHNESS OF THE WESTERN ART AND ITS MAKERS, FROM THE FOURTEENTH CENTURY TO THE PRESENT. IT INVITES DISCOVERY, STIMULATES CURIOSITY AND FOSTERS DIALOGUE. AS PART OF ITS OBJECTIVES, IT SEEKS TO PROMOTE APPRECIATION OF ART, OFFERS EDUCATIONAL AND RECREATIONAL RESOURCES, AND ESTABLISHES TIES WITH DISADVANTAGED COMMUNITIES IN PUERTO RICO.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Arts, Culture & Humanities organizations nationwide.
- Base
- $59k
- Bonus
- $180k
- Other
- —
- Benefits
- —
- Base
- $175k
- Bonus
- $39k
- Other
- $8k
- Benefits
- —
- Base
- $163k
- Bonus
- $42k
- Other
- —
- Benefits
- —
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Finance Dire Highest Compensated Employee 75th to 90th percentile | $59k | $180k | — | — | $239k $262k |
Director Highest Compensated Employee 75th to 90th percentile | $175k | $39k | $8k | — | $222k $245k |
Deputy Direc Highest Compensated Employee 75th to 90th percentile | $163k | $42k | — | — | $208k $228k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with national BLS CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 14 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at THE LUIS A FERRE FOUNDATION INC equaled 4% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.
Based on 17,098 arts, culture & humanities organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 27%
from 2022
From $188k in 2022 to $239k in 2023.
Estimated with national BLS CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Highest Compensated Employee pay rose 27% from 2022 to 2023, while revenue rose 7%.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about THE LUIS A FERRE FOUNDATION INC
What does the Highest Compensated Employee of THE LUIS A FERRE FOUNDATION INC earn?
In 2023, the Highest Compensated Employee of THE LUIS A FERRE FOUNDATION INC received $238,587 in total compensation. This pay is in the top quarter for Highest Compensated Employee roles among Arts, Culture & Humanities organizations nationwide, though not the top 10% of comparable filings. Based on IRS Form 990 data.
How does Highest Compensated Employee pay at THE LUIS A FERRE FOUNDATION INC compare with similar nonprofits?
Compared with the same role at Arts, Culture & Humanities organizations nationwide, the 2023 pay of the Highest Compensated Employee at THE LUIS A FERRE FOUNDATION INC falls between the 75th and 90th percentiles. In 2023, the highest total compensation at THE LUIS A FERRE FOUNDATION INC equaled 4% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.
What are THE LUIS A FERRE FOUNDATION INC's revenue and expenses?
In 2023, THE LUIS A FERRE FOUNDATION INC reported $5.2M in total revenue and $5.7M in total expenses on its IRS Form 990.
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