Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 07-01-2020 , and ending 06-30-2021
Name of foundation
KINESIS INC
 
Number and street (or P.O. box number if mail is not delivered to street address)2000 CARR 877 PMB 208 SUITE 26
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GUAYNABO, PR00966
A Employer identification number

66-0727042
B Telephone number (see instructions)

(787) 250-0033
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$16,683,170J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 5,900,324
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 696,035 696,035 696,035
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 531,282
b Gross sales price for all assets on line 6a 540,092
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 558,209   558,209
12 Total. Add lines 1 through 11........ 7,685,850 696,035 1,254,244
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 949,300      
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 35,353      
b Accounting fees (attach schedule)....... Click to see attachment 27,910      
c Other professional fees (attach schedule).... Click to see attachment 299,560      
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 118,048      
19 Depreciation (attach schedule) and depletion... Click to see attachment 116,068    
20 Occupancy.............. 95,471      
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 4,655      
23 Other expenses (attach schedule)....... Click to see attachment 206,314      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,852,679 0   0
25 Contributions, gifts, grants paid....... 1,423,750 1,423,750
26 Total expenses and disbursements. Add lines 24 and 25 3,276,429 0   1,423,750
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,409,421
b Net investment income (if negative, enter -0-) 696,035
c Adjusted net income (if negative, enter -0-)... 1,254,244
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 125,718 52,416 52,416
2 Savings and temporary cash investments......... 662,683 1,763,693 1,763,693
3 Accounts receivable bullet294,347
Less: allowance for doubtful accounts bullet   1,061,118 294,347 294,347
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet   155,947    
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 37,422 47,960 47,960
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 183,390 Click to see attachment952,587 952,587
c Investments—corporate bonds (attach schedule)....... 4,295,142 Click to see attachment7,268,715 7,268,715
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 5,213,249 Click to see attachment5,559,535 5,559,535
14 Land, buildings, and equipment: basis bullet1,030,585
Less: accumulated depreciation (attach schedule) bullet286,668 864,004 Click to see attachment743,917 743,917
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 12,598,673 16,683,170 16,683,170
Liabilities 17 Accounts payable and accrued expenses.......... 1,025,942 701,018
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 1,025,942 701,018
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 10,961,731 12,408,323
25 Net assets with donor restrictions............ 611,000 3,573,829
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 11,572,731 15,982,152
30 Total liabilities and net assets/fund balances (see instructions). 12,598,673 16,683,170
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
11,572,731
2
Enter amount from Part I, line 27a .....................
2
4,409,421
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
15,982,152
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
15,982,152
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 9,675
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 9,675
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 9,675
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 8,826
b Exempt foreign organizations—tax withheld at source...... 6b 4,989
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 13,815
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 11
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 4,129
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet4,129 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bullet
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .Click to see attachment
    8b
     
    No
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
    Yes
     
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.KINESISPR.ORG
    14
    The books are in care ofbulletKINESIS INC Telephone no.bullet (787) 772-8269

    Located atbullet1001 SAN ROBERTO STREET SUITE 101SAN JUANPR ZIP+4bullet00926
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JOSE E FERNANDEZ BJERG PRESIDENT &
    15.00     		0 0 0
    1717 LILAS STREET
    SAN JUAN,SAN JUAN00907
    RQ
    JORGE L FERNANDEZ BJERG TREASURER
    15.00     		0 0 0
    DA 11 MONTEBELLO
    GUAYNABO,PR00966
    MIGUEL FERNANDEZ RICHARDS DIRECTOR
    5.00     		0 0 0
    1001 CALLE SAN ROBERTO SUITE 1001
    SAN JUAN,PR00926
    SOCORRO JULIA FERNANDEZ DIRECTOR
    5.00     		0 0 0
    PO BOX 7086
    SAN JUAN,PR009167086
    RAFAEL ARAGUNDE TORRES DIRECTOR
    5.00     		0 0 0
    APARTADO 5062
    CAYEY,PR00737
    ENRIQUE VILA DE CORRAL DIRECTOR
    5.00     		0 0 0
    URB CALDAS 2029 CALLE JOSE FIDALGO
    SAN JUAN,PR00927
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    ISMAVETT COTTO GARCIA BRIGHT STAR
    40.00     		57,471    
    URB PARQUE DE TORRIMAR
    BAYAMON,PR00959
    MAYRA R PRATS FANTAUZZI COLLEGE DIRE
    40.00     		54,331    
    AA 36 CALLE BRUMA
    DORADO,PR00646
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    KINESIS IT ACADEMY INC PROF. SERVICE 473,823
    1001 SAN ROBERTO ST SUITE 1001
    1001 SAN ROBERTO ST SUITE 1001
    SAN JUAN,PR00926
    ADVANCE DEVELOPMENT GROUP PROF. SERVICE 171,444
    CALLE 5 MANSIONES DE GUAYNABO
    CALLE 5 MANSIONES DE GUAYNABO
    GUAYNABO,PR00969
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 SCHOLARSHIPS PROGRAM - AIMS TO PROVIDE SCHOLARSHIPS TOQUALIFIED TALENTED YOUTH IN ORDER FOR THEM TO PURSUDEUNDERGRADUATE AND GRADUATE STUDIES IN PUERTO RICO AND ABROAD. 1,423,750
    2 BRIGHT STARS PROGRAM- AIMS TO PROVIDE JUNIOR HIGH AND HIGH SCHOOL STUDENT'S ASSISTANCE AND COUNSELING TO PREPARE SUCH STUDENTS FOR A SUCCESSFUL COLLEGE CARRER. EXPAND OPPORTUNITY TO PUERTO RICO'S STUDENTS BY INSPIRING THE STUDENTS TO TAKE CHARGE OF THEIR FUTURE COLLEGE CAREERS BY PROVIDING ACCESS TO KEY PEOPLE AND RESOURCES, INCLUDING COLLEGE ADMITTANCE TEST. (I.E. SAT) AND OTHER GRADUATE SCHOOL ADMISSION TEST. 414,555
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 SCHOLARSHIPS AND BRIGHT STARS PROGRAMS ADMINISTRATION 98,250
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet98,250
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    13,780,837
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    13,780,837
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    13,780,837
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    206,713
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    13,574,124
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    678,706
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    678,706
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    9,675
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,675
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    669,031
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    669,031
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    669,031
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,423,750
    b
    Program-related investments—total from Part IX-B..................
    1b
    98,250
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,522,000
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,522,000
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 669,031
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 1,371,193
    b From 2016...... 244,900
    c From 2017...... 1,282,708
    d From 2018...... 204,619
    e From 2019......  
    fTotal of lines 3a through e........ 3,103,420
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,522,000
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 669,031
    e Remaining amount distributed out of corpus 852,969
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 3,956,389
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		1,371,193
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		2,585,196
    10 Analysis of line 9:
    a Excess from 2016.... 244,900
    b Excess from 2017.... 1,282,708
    c Excess from 2018.... 204,619
    d Excess from 2019....  
    e Excess from 2020.... 852,969
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    JOSE E FERNANDEZ BJERG
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    KINESIS INC
    2000 CARR 8177 SUITE 26 PBM 208
    GUAYNABO,PR00966
    (787) 250-0033
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATIONS CAN BE FILED THROUGH THE KINESIS, INC., WEB PAGE. AMONG DOCUMENTS TO BE SUBMITTED ARE ADMISSION LETTER, EVIDENCE OF FINACIAL NEED, AND TRANSCRIPT.
    cAny submission deadlines:
    MID APRIL OF EACH YEAR.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRADE AVERAGE POINT SHOULD BE 3. 5 OR HIGHER AND SHOULD BE ADMITTED ONE OF THE 100 TOP UNIVERSITIES.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    SCHOLARSHIPS TO STUDENTS STM ATT
    2000 CARR 877 PBM 208
    2000 CARR 877 PMB 208
    SAN JUAN,PR00966     		    EDUCATION AND SCHOLARSHIPS 1,423,750
    Total .................................bullet 3a 1,423,750
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....         696,035
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		        531,282
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aBRIGHT STAR STUDENT FEE     		        40,442
    bSCHOLARSHIPS PROCESSING FEE         147,500
    cCONTINUED EDUCATION REVENUE         43,444
    dUNREALIZED GAIN (LOSS), NET         326,823
    e
    12 Subtotal. Add columns (b), (d), and (e)..     1,785,526
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,785,526
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    8 GAIN/LOSSES FROM SALES OF ASSETS PROVIDES ADDITIONAL FUNDS
    8 THAT ALLOW THE FOUNDATION TO MEET ITS GRANTS REQUIREMENTS
    4 DIVIDENDS AND INTEREST EARNED FROM THE INVESTMENT ACCOUNTS
    4 THAT ALLOW THE FOUNDATION TO MEET ITS GRANTS REQUIRMENTS
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, 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, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    KINESIS INC
     
    Employer identification number

    66-0727042
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    KINESIS INC
          		Employer identification number
    66-0727042
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    JOSE E FERNADNEZ BJERG
    CALLE LILA 1717 URB SAN FRANCISCO
     
    SAN JUAN, SAN JUAN00927RQ

    		$ 1,094,701


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    7
    THE 2022 ACT FOUNDATION INC
    GALERIAS ARTES Y CIENCIAS 875
    CARR 693 SUITE 201
    DORADO, PR00646

    		$ 100,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    13
    BLOOMBERG PHILANTHROPIES
     
    25 EAST 78TH STREET
     
    NEW YORK, NY10075

    		$ 25,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    19
    RICARDO CARDONA GILESTRA
    PMB 240 425 CARR 693 SUITE 1
     
    DORADO, PR006464802

    		$ 15,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    25
    MCS HEALTHCARE HOLDINGS LLC
     
    PO BOX 193310
     
    SAN JUAN, PR009093310

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    31
    MOTORAMBAR INC
     
    WESTGATE INDUSTRIAL PARK
    CALLE 2 ESQ 3
    CATAO, PR00962

    		$ 10,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Name of organization
    KINESIS INC
          		Employer identification number
    66-0727042
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    37
    MR JIM O'DROBINAK
    CULBREATH ISLES DR
     
    TAMPA, FL33629

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    43
    FE-RI CONSTRUCTION INC
     
    PO BOX 363136
     
    SAN JUAN, PR009363136

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    49
    PHARMPIX
     
    METRO OFFICE PARK CALLE 1 SUITE 500
     
    GUAYNABO, PR00968

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    55
    BRANDI C MILLER
    URB THE ESTATES 25 THE ESTS
     
    DORADO, PR00646

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    FONDO BECAS DE HOTELERIA Y TURISMO
     
    PO BOX 360136
     
    SAN JUAN, PR009360136

    		$ 2,400,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    8
    CARLOS PERDOMO
    PMB 227 PO BOX 194000
     
    SAN JUAN, PR009194000

    		$ 100,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Name of organization
    KINESIS INC
          		Employer identification number
    66-0727042
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    14
    BANCO POPULAR
     
    EDIF POPULAR CENTER PISO 7 208
    AVE MUOZ RIVERA
    SAN JUAN, PR00918

    		$ 25,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    20
    ROCK SOLID TECHNOLOGIES
     
    PO BOX 195599
     
    SAN JUAN, PR009195599

    		$ 15,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    26
    PROFESSIONAL OFFICE PARK MANAGEMENT
     
    PO BOX 11363
     
    SAN JUAN, PR009221363

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    32
    JUAN CARLOS FERNANDEZ
    145 MASON ST
     
    GREENWICH, CT06830

    		$ 9,985


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    38
    CEG SOFT
     
    PO BOX 70198
     
    SAN JUAN, PR009360198

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    44
    RICARDO ALEGRIA
    FF 3 BRUMA ST DORADO DEL MAR
     
    DORADO, PR00646

    		$ 5,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Name of organization
    KINESIS INC
          		Employer identification number
    66-0727042
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    50
    TORRES ALICEA FAMILY LLC
     
    URB SABANERA DORADO 438
    CALLE GUANICA
    DORADO, PR00646

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    OMEGA OVERSEAS INVESTMENTS INC
     
    PROFESSIONAL OFFICE PARK 1001
    CALLE SAN ROBERTO SUITE 101
    SAN JUAN, PR00926

    		$ 592,909


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    9
    STRADA
     
    10 W MARKET STREET SUITE 1100
     
    INDIANAPOLIS, IN46204

    		$ 100,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    15
    FUNDACION PLAZA DEL CARIBE
     
    PO BOX 364249
     
    SAN JUAN, PR009364249

    		$ 25,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    21
    WALMART
     
    STATE ROAD 1 KM 287
    BARRIO RIO CANAS
    CAGUAS, PR00725

    		$ 15,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    27
    SOCIETY FOR HUMAN RESOURCES
    MANAGEMENT
    PO BOX 361761
     
    SAN JUAN, PR009361761

    		$ 10,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Name of organization
    KINESIS INC
          		Employer identification number
    66-0727042
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    33
    UNIVERSAL INSURANCE
     
    PO BOX 71338
     
    SAN JUAN, PR009368438

    		$ 6,500


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    39
    EDITORIAL PANAMERICANA INC
     
    URB PUERTO NUEVO 1336
    ROOSEVELT AVE
    SAN JUAN, PR00920

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    45
    CAPARRA CENTER ASSOCIATES LLC
     
    PO BOX 9506
     
    SAN JUAN, PR00908

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    51
    PACIV FOUNDATION INC
     
    PO BOX 363232
     
    SAN JUAN, PR009363232

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    KATHERINE JAMES FOUNDATION
     
    PMB 15 425 CARR 693 SUITE 1
     
    DORADO, PR006164817

    		$ 200,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    10
    COMISION ESPECIAL CONJUNTA DE
    FONDOS LEGISLATIVOS
    EL CAPITOLIO PO BOX 9023431
     
    SAN JUAN, PR009023431

    		$ 64,584


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Name of organization
    KINESIS INC
          		Employer identification number
    66-0727042
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    16
    JOSE FERNANDEZ RICHARDS
    8456 SW MAPLERIDGE DR
     
    PORTLAND, OR972256432

    		$ 22,500


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    22
    ABBVIE LTD
     
    PO BOX 278
     
    BARCELONETA, PR00617

    		$ 12,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    28
    INTERLINK
     
    VILLAS DE SAN FRANCISCO PLAZA I
    89 DE DIEGO AVE SUITE 201
    SAN JUAN, PR009276343

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    34
    RAFAEL ESCALERA RODRIGUEZ
    PO BOX 364148
     
    SAN JUAN, PR00936

    		$ 6,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    40
    MARIAL LUISA FERRE RANGEL
    PO BOX 11924
     
    SAN JUAN, PR009221924

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    46
    SUSHEEL KIRPALAMI
    51 MADISON AVE 22ND FLOOR
     
    NEW YORK, NY10010

    		$ 5,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Name of organization
    KINESIS INC
          		Employer identification number
    66-0727042
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    52
    TARGET POINT INC
     
    PO BOX 365047
     
    SAN JUAN, PR009365047

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    ASAMBLEA LEGISLATIVA
     
    PO BOX 9023431
     
    SAN JUAN, PR009023431

    		$ 140,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    11
    MERK SHARP & DOHME CORP
     
    CALLE 1 LOTE 1 SUITE 400B
    CHRYLER BUILDING METRO OFFICE
    GUAYNABO, PR00969

    		$ 50,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    17
    KATHERINE KRUG
    220 AVE DOMENECH PMB 2000
     
    SAN JUAN, PR00918

    		$ 20,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    23
    PABLO IVAN ALTIERI
    PO BOX 8387
     
    HUMACAO, PR00792

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    29
    ARIEL FERDMAN
    URB LA COLINA B-24 CALLE B
     
    GUAYNABO, PR00969

    		$ 10,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Name of organization
    KINESIS INC
          		Employer identification number
    66-0727042
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    35
    US DEPARTMENT OF AGRICULTURE
     
    654 MUNOZ RIVERA AVE SUITE 601
     
    SAN JUAN, PR00918

    		$ 5,659


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    41
    LUIS ALBERTO FERRE RANGEL
    PO BOX 11924
     
    SAN JUAN, PR009221924

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    47
    ILEANA RODRIGUEZ
    403 CALLE DE LA LUNA
     
    SAN JUAN, PR00901

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    53
    JOSE E ROSSI
    URB GARDEN HILLS Z20 CALLE HASTING
     
    GUAYNABO, PR00966

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    ADAM SINN
    GALERIAS ARTES Y CIENCIAS 875
    CARR 693 SUITE 201
    DORADO, PR00646

    		$ 100,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    12
    AMGEN
     
    PO BOX 4060 ROAD 31 KM 246
     
    JUNCOS, PR007774060

    		$ 26,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Name of organization
    KINESIS INC
          		Employer identification number
    66-0727042
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    18
    JONATHAN SWANSON
    220 AVE DOMENECH PMB 2000
     
    SAN JUAN, PR00918

    		$ 20,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    24
    MOONSAIL CAPITAL LLC
     
    1413 PONCE DE LEON AVE SUITE 303
     
    SAN JUAN, PR00907

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    30
    LIBERTY FOUNDATION
     
    279 AVE PONCE DE LEON ESQ
    AVE ROOSEVELT
    SAN JUAN, PR00918

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    36
    JACOBO ORTIZ MURIA
    EDIF COLGATE- PALMOLIVE SUITE 308
    CALLE 1 LOTE 8 METRO OFFICE PARK
    GUAYNABO, PR00968

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    42
    FERNANDEZ- BERANL FAMILY LLC
    URB SANTA MARIA 1893 CALLE NARCISO
     
    SAN JUAN, PR00927

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    48
    EDGAR COLON NEGRON
    MONTEHIEDRA 247 CALLE REINA MORA
     
    SAN JUAN, PR009267108

    		$ 5,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Name of organization
    KINESIS INC
          		Employer identification number
    66-0727042
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    54
    MANUEL ORTIZ
    6810 MEADOW LANE CHEVY
     
    CHASE, MD20815

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    KINESIS INC
          		Employer identification number

    66-0727042
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    KINESIS INC
          		Employer identification number

    66-0727042
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    KINESIS INC
    EIN:
    66-0727042
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    JLM & CO., LLP 27,910      

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 DepreciationSchedule
    Name:
    KINESIS INC
    EIN:
    66-0727042
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    LEASHOLD IMPROVEMENTS   888,681 163,669     87,827      
    EQUIPMENT   141,904 6,931     28,241      

    TY 2020 ExplnOfNonFilingWithAGStmt
    Name:
    KINESIS INC
    EIN:
    66-0727042
    Statement:
    THERE IS NO REQUIRMENT FROM THE LOCAL GOVERNMENT TO SUBMIT THIS RETURN TO THE ATTORNEY GENERAL.

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    KINESIS INC
    EIN:
    66-0727042
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    REALIZED ST GAIN/LOSS MERRILL 4417   PURCHASE     181,590       181,590  
    REALIZED ST GAIN/LOSS MERRILL 4406   PURCHASE     38,902       38,902  
    REALIZED LT G/L MUZUNICH & CO 0014   PURCHASE     7,419       7,419  
    REALIZED LT G/L MORGAN STANLEY 319   PURCHASE     47,673       47,673  
    REALIZED LT G/L MERRILL 4416   PURCHASE       8,810     -8,810  
    REALIZED LT G/L MERRILL 4417   PURCHASE     45,252       45,252  
    REALIZED LT G/L MORGAN 6003   PURCHASE     58,004       58,004  
    REALIZED LT G/L SG SMALL BUYOUT OPP   PURCHASE     71,054       71,054  
    REALIZED LT G/L SG BRIC OPP FUND III   PURCHASE     7,190       7,190  
    REALIZED LT G/L THE RESOLUTE FUND II   PURCHASE     5,644       5,644  
    REALIZED LT G/L NB STRATEGIC CO IN   PURCHASE     77,364       77,364  

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    KINESIS INC
    EIN:
    66-0727042
    Name of Bond End of Year Book Value End of Year Fair Market Value
    FIXED INCOME DEBT SECURITIES 1,526,607 1,526,607
    MUTUAL FUNDS 4,405,025 4,405,025
    HEDGE FUNDS 747,957 747,957
    MUNICIPAL BOND 1,620 1,620
    REAL ESTATE FUNDS 587,506 587,506

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    KINESIS INC
    EIN:
    66-0727042
    Name of Stock End of Year Book Value End of Year Fair Market Value
    COMMON STOCKS- CORPORATES 952,587 952,587

    TY 2020 InvestmentsOtherSchedule2
    Name:
    KINESIS INC
    EIN:
    66-0727042
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PRIVATE EQUITY FUNDS   5,559,535 5,559,535

    TY 2020 LandEtcSchedule2
    Name:
    KINESIS INC
    EIN:
    66-0727042
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LEASEHOLD IMPROVEMENTS 888,681 251,496 637,185 637,185
    COMPUTER EQUIPMENT 141,904 35,172 106,732 106,732


    TY 2020 LegalFeesSchedule
    Name:
    KINESIS INC
    EIN:
    66-0727042
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    JRGI LAW LLC 35,353      


    TY 2020 OtherExpensesSchedule
    Name:
    KINESIS INC
    EIN:
    66-0727042
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    BANK CHARGES 1,502      
    MARKETING 16,070      
    IT SUPPLIES 2,315      
    TRANSPORTATION EXPENSE 3,827      
    OFFICE SUPPLIES 6,434      
    SOFTWARE AND LICENSES 25,570      
    POSTAGE , FREIGHT & DELIVERY 1,038      
    MEALS & ENTERTAINMENT 1,355      
    PROCESING FEES 800      
    OTHER EXPENSES 32,188      
    REPAIRS AND MAINTENACE 1,386      
    PROGRAM SPECIAL ACTIVITIES 375      
    DUES AND SUBCRIPTION 11,876      
    INTERNET AND COMMUNICATIONS 6,276      
    OFFICE CLEANING 3,665      
    UTILITES 15,252      
    BAD DEBT EXPENSES 29,289      
    401 K PLAN MANAGEMENT FEES 2,807      
    PAYMENT & PAYROLL PROCESSOR 2,507      
    INSURANCE EXPENSE 8,200      
    BROKERAGE FEES 21,645      
    PANDEMIC EXPENSE 4,990      
    PROYECTO USDA 5,186      
    PENALTIES FEES 1,731      
    BUSINESS LICENSES & PERMITS 30      


    TY 2020 OtherIncomeSchedule2
    Name:
    KINESIS INC
    EIN:
    66-0727042
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    BRIGHT STAR STUDENT FEE 40,442   40,442
    SCHOLARSHIPS PROCESSING FEE 147,500   147,500
    CONTINUED EDUCATION REVENUE 43,444   43,444
    UNREALIZED GAIN (LOSS), NET 326,823   326,823


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    KINESIS INC
    EIN:
    66-0727042
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL SERVICES 299,560      


    TY 2020 TaxesSchedule
    Name:
    KINESIS INC
    EIN:
    66-0727042
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL AND OTHER MISC TAXES 118,048