Form990-PF
Click to see attachment
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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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 07-01-2021 , and ending 06-30-2022
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) 722-8269
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$15,917,764J 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) 2,835,646
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 404,733 404,733 404,733
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
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 96,018   96,018
12 Total. Add lines 1 through 11........ 3,336,397 404,733 500,751
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 2,212      
14 Other employee salaries and wages...... 955,819      
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 39,185      
b Accounting fees (attach schedule)....... Click to see attachment 41,678      
c Other professional fees (attach schedule).... Click to see attachment 315,790      
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 134,154      
19 Depreciation (attach schedule) and depletion... Click to see attachment 117,822    
20 Occupancy.............. 118,846      
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 3,056      
23 Other expenses (attach schedule)....... Click to see attachment 333,800      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,062,362 0   0
25 Contributions, gifts, grants paid....... 1,604,195 1,604,195
26 Total expenses and disbursements. Add lines 24 and 25 3,666,557 0   1,604,195
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -330,160
b Net investment income (if negative, enter -0-) 404,733
c Adjusted net income (if negative, enter -0-)... 500,751
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 52,416 145,486 145,486
2 Savings and temporary cash investments......... 1,763,693 686,045 686,045
3 Accounts receivable bullet575,393
Less: allowance for doubtful accounts bullet   294,347 575,393 575,393
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
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.......... 47,960 33,100 33,100
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 952,587 Click to see attachment883,036 883,036
c Investments—corporate bonds (attach schedule)....... 7,268,715 Click to see attachment7,753,303 7,753,303
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 5,559,535 Click to see attachment5,215,306 5,215,306
14 Land, buildings, and equipment: basis bullet1,030,585
Less: accumulated depreciation (attach schedule) bullet404,490 743,917 Click to see attachment626,095 626,095
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 16,683,170 15,917,764 15,917,764
Liabilities 17 Accounts payable and accrued expenses.......... 701,018 265,772
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)......... 701,018 265,772
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........... 12,408,323 11,415,380
25 Net assets with donor restrictions............ 3,573,829 4,236,612
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)..... 15,982,152 15,651,992
30 Total liabilities and net assets/fund balances (see instructions). 16,683,170 15,917,764
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
15,982,152
2
Enter amount from Part I, line 27a .....................
2
-330,160
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
15,651,992
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
15,651,992
Form 990-PF (2021)
Form 990-PF (2021)
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 5,626
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 5,626
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 4,129
b Exempt foreign organizations—tax withheld at source...... 6b 16,021
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 20,150
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 34
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 14,490
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet14,490 RefundedBullet 11  
Part VI-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 XIV..................................
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
     
     
    c
    ........bullet
    d
    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 2021? .............
    1d
     
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
    Yes
     
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    JORGE L FERNANDEZ BJERG TREASURER
    5.00     		0 0 0
    DA 11 MONTEBELLO URB GARDEN HILLS
    GUAYNABO,PR00966
    MIGUEL FERNANDEZ RICHARDS CHAIRMAN, PR
    20.00     		0 0 0
    1209 GARNER AVE
    AUSTIN,TX78704
    SOCORRO JULIA FERNANDEZ DIRECTOR
    5.00     		0 0 0
    1475 AVE ISLA VERDE
    SAN JUAN,PR009167086
    RAFAEL ARAGUNDE TORRES DIRECTOR
    5.00     		0 0 0
    APARTADO 5062
    CAYEY,PR00737
    ANGEL RIVERA DIRECTOR
    5.00     		0 0 0
    1362 AVE MAGDALENA APT 304
    SAN JUAN,PR00907
    JOSE CRUZ TORRES EXECUTIVE DI
    40.00     		2,212 0 0
    1001 CALLE SAN ROBERTO SUITE 101
    PROFESSIONAL OFFICE PARK
    SAN JUAN,PR00926
    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
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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 476,153
    1001 SAN ROBERTO ST SUITE 1001
    1001 SAN ROBERTO ST SUITE 1001
    SAN JUAN,PR00926
    ADVANCE DEVELOPMENT GROUP PROF. SERVICE 188,438
    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 VIII-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 TO QUALIFIED TALENTED YOUTH IN ORDER FOR THEM TO PURSUDEUNDERGRADUATE AND GRADUATE STUDIES IN PUERTO RICO AND ABROAD. 1,128,042
    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. 476,153
    3  
    4  
    Part VIII-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 OTHER EXPENSES 678,762
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet678,762
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    13,851,645
    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
    13,851,645
    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
    13,851,645
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    207,775
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    13,643,870
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    682,194
    Part X
    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 IX, line 6..................
    1
    682,194
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    5,626
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,626
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    676,568
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    676,568
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    676,568
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 676,568
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 244,900
    b From 2017...... 1,282,708
    c From 2018...... 204,619
    d From 2019......  
    e From 2020...... 852,969
    f Total of lines 3a through e ........ 2,585,196
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 2,282,957
    a Applied to 2020, 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 2021 distributable amount..... 676,568
    e Remaining amount distributed out of corpus 1,606,389
    5 Excess distributions carryover applied to 2021.    
    (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 4,191,585
    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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		244,900
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		3,946,685
    10 Analysis of line 9:
    a Excess from 2017.... 1,282,708
    b Excess from 2018.... 204,619
    c Excess from 2019....  
    d Excess from 2020.... 852,969
    e Excess from 2021.... 1,606,389
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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 (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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 1,128,042
    FROM KINESIS INC TO KINESIS IT ACAD
    2000 CARR 8177
    SUITE 26 PMB 208
    SAN JUAN,PR00966     		    BRIGHT STAR PROGRAM SERVICES 476,153
    Total .................................bullet 3a 1,604,195
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 ....          
    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 ............     		         
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aACTIVITIES AND OTHERS     		        234,912
    bGAIN ON EXTINGUISHMENT - LO         346,000
    cNET INVESTMENT RETURN LOSS         -1,014,038
    dGAIN FROM SALE-CAPITAL ASSE         529,144
    e
    12 Subtotal. Add columns (b), (d), and (e) ..     500,751
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    500,751
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    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
    2021
    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) (2021)
    Schedule B (Form 990) (2021) 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

    		$ 5,918


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    7
    STRADA
     
    10 W MARKET STREET SUITE 1100
     
    INDIANAPOLIS, IN46204

    		$ 50,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    13
    KATHERINE KRUG
    220 AVE DOMENECH PMB 2000
     
    SAN JUAN, PR00918

    		$ 5,015


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    19
    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
    25
    UNIVERSAL INSURANCE
     
    PO BOX 71338
     
    SAN JUAN, PR009368438

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    31
    PACIV FOUNDATION INC
     
    PO BOX 363232
     
    SAN JUAN, PR009363232

    		$ 5,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    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
    ORIENTAL BANK
    254 MUNOZ RIVERA AVENUE
     
    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
    43
    THE LUIS A FERRE FOUNDATION INC
    PO BOX 11924
     
    SAN JUAN, PR009221924

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    49
    STRATEGIC CONSULTANT
    SARDINERA OFFICE CENTER
    COSTA DE ORO C-3 SUITE 2
    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
    55
    BH MANAGEMENT INC
    PO BOX 49993
     
    LOS ANGELES, CA90049

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    61
    ADRIENNE S GOODMAN
    14 DORADO BEACH EAST
     
    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
    OMEGA OVERSEAS INVESTMENTS INC
     
    PROFESSIONAL OFFICE PARK 1001
    CALLE SAN ROBERTO SUITE 101
    SAN JUAN, PR00926

    		$ 736,981


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    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
    8
    COMISION ESPECIAL CONJUNTA DE
    FONDOS LEGISLATIVOS
    EL CAPITOLIO PO BOX 9023431
     
    SAN JUAN, PR009023431

    		$ 100,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    14
    JONATHAN SWANSON
    220 AVE DOMENECH PMB 2000
     
    SAN JUAN, PR00918

    		$ 5,015


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    20
    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
    26
    MR JIM O'DROBINAK
    CULBREATH ISLES DR
     
    TAMPA, FL33629

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    32
    TARGET POINT INC
     
    PO BOX 365047
     
    SAN JUAN, PR009365047

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    38
    CONDADO DUO VANDERBILT SPV LLC
    1055 AVE ASHFORD
     
    SAN JUAN, PR00907

    		$ 23,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    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
    44
    MIGUEL FERNANDEZ RICHARDS
    1209 GARDNER AVE AUSTIN
     
    AUSTIN, TX787042133

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    50
    PAN PEPIN INC
    PO BOX 100
     
    BAYAMON, PR009600100

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    56
    UNILEVER DE PUERTO RICO
    1001 CALLE SAN ROBERTO SUITE 301
    PROFESSIONAL OFFICES PARK II
    SAN JUAN, PR00926

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    62
    CHEYENNE ROBERTSON
    8260
     
    COHO WAY CLINTON, WA98236

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    KATHERINE JAMES FOUNDATION
     
    PMB 15 425 CARR 693 SUITE 1
     
    DORADO, PR006164817

    		$ 150,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    9
    AMGEN
     
    PO BOX 4060 ROAD 31 KM 246
     
    JUNCOS, PR007774060

    		$ 6,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    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
    15
    RICARDO CARDONA GILESTRA
    PMB 240 425 CARR 693 SUITE 1
     
    DORADO, PR006464802

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    21
    SOCIETY FOR HUMAN RESOURCES
    MANAGEMENT
    PO BOX 361761
     
    SAN JUAN, PR009361761

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    27
    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
    33
    JOSE E ROSSI
    URB GARDEN HILLS Z20 CALLE HASTING
     
    GUAYNABO, PR00966

    		$ 25,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    39
    DANOSA CARIBBEAN INC
    LOTE 29 LUCHETTI INDUSTRIAL COMPLEX
     
    BAYAMON, PR00962

    		$ 17,500


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    45
    FUNDACION JOSE A SANTANA
    PO BOX 6007
     
    SAN JUAN, PR00914

    		$ 10,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    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
    51
    GRUPO HERRANS MERRILL
    15 SECOND STREET SUITE 210
     
    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
    57
    RAFAEL A BLANES GONZALEZ
    URBANIZACION GARDEN HILLS
    CALLE JARDIN AA-4
    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
    63
    JOSHUA WISHNICK
    177 DORADO BEACH EAST
     
    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
    4
    ASAMBLEA LEGISLATIVA
     
    PO BOX 9023431
     
    SAN JUAN, PR009023431

    		$ 141,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    10
    BANCO POPULAR
     
    EDIF POPULAR CENTER PISO 7 208
    AVE MUNOZ RIVERA
    SAN JUAN, PR00918

    		$ 30,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    16
    ABBVIE LTD
     
    PO BOX 278
     
    BARCELONETA, PR00617

    		$ 100,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    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
    22
    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
    28
    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
    34
    OCEAN DRIVE DEVELOPMENT LLC
    7000 BAHIA BEACH BLVD
     
    RIO GRANDE, PR00745

    		$ 100,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    40
    ACAI EXPRESS FRANCHISING INC
    305 CALLE LAUREL 301
     
    SAN JUAN, PR00913

    		$ 16,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    46
    REICHARD ESCALERA LLC
    PO BOX 364148
     
    SAN JUAN, PR009364148

    		$ 6,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    52
    ARGOS PUERTO RICO CORP
    BO ESPINOSA CARRETERA 2 KM 267
     
    DORADO, PR00646

    		$ 5,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    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
    58
    FUNDACION AIREKO
    PO BOX 2128
     
    SAN JUAN, PR009222128

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    ADAM SINN
    GALERIAS ARTES Y CIENCIAS 875
    CARR 693 SUITE 201
    DORADO, PR00646

    		$ 50,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    11
    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
    17
    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
    23
    LIBERTY FOUNDATION
     
    279 AVE PONCE DE LEON ESQ
    AVE ROOSEVELT
    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
    29
    CAPARRA CENTER ASSOCIATES LLC
     
    PO BOX 9506
     
    SAN JUAN, PR00908

    		$ 5,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    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
    KWANZA JONES JOSE E FELICIANO
    8605 SANTA MONICA BLVD 29406
     
    LOS ANGELES, CA90069

    		$ 50,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    41
    BARCELONETA WASTEWATE TREATMENT
    PO BOX 601
     
    BARCELONETA, PR006170601

    		$ 15,947


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    47
    DIRECTV
    CTP PLAZA 273 PONCE DE LEON AVE
     
    SAN JUAN, PR00917

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    53
    CONDOMINIO CONDADO BLU
    URB INDUSTRIAL VICTOR FERNANDEZ
    340 CALLE 3 SUITE 1
    SAN JUAN, PR009264265

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    59
    JAIME R ESCALONA
    URB SAN FRANCISCO 1687 CALLE LILAS
     
    SAN JUAN, PR009276351

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    THE 2022 ACT FOUNDATION INC
    GALERIAS ARTES Y CIENCIAS 875
    CARR 693 SUITE 201
    DORADO, PR00646

    		$ 50,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    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
    12
    JOSE FERNANDEZ RICHARDS
    8456 SW MAPLERIDGE DR
     
    PORTLAND, OR972256432

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    18
    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
    24
    JUAN CARLOS FERNANDEZ
    145 MASON ST
     
    GREENWICH, CT06830

    		$ 15,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    30
    SUSHEEL KIRPALAMI
    51 MADISON AVE 22ND FLOOR
     
    NEW YORK, NY10010

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    36
    LONE STAR INSURANCE PRODUCTS LLC
    701 PONCE DE LEON AVE SUITE 313
     
    SAN JUAN, PR00918

    		$ 50,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    42
    DLA PIPER PR LLC
    500 CALLE DE LA TANCA STE 401
     
    SAN JUAN, PR009011969

    		$ 10,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    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
    48
    DDB LATINA PUERTO RICO
    PO BOX 195006
     
    SAN JUAN, PR009195006

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    54
    MASTER PRODUCTS CORP
    PO BOX 560248
     
    GUAYANILLA, PR00656

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    60
    RACHEL TEMPLETON
    20 CARRION CT 1701
     
    SAN JUAN, PR00911

    		$ 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.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    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) (2021)
    Schedule B (Form 990) (2021)
    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) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    KINESIS INC
    EIN:
    66-0727042
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SARINET CRESPO MARCANO 5,535      
    RSM PUERTO RICO 13,234      
    OTHERS 22,909      

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

    TY 2021 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   888,681 251,496     89,441      
    EQUIPMENT   141,904 35,172     28,381      

    TY 2021 ExplnOfNonFilingWithAGStmt
    Name:
    KINESIS INC
    EIN:
    66-0727042
    Statement:
    THERE IS NO REQUIRMENT FROM THE LOCAL GOVERNMENT TO SUBMIT THIS RETURN TO THE ATTORNEY GENERAL.

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    KINESIS INC
    EIN:
    66-0727042
    Name of Bond End of Year Book Value End of Year Fair Market Value
    MUTUAL FUNDS 5,120,130 5,120,130
    FIXED INCOME DEBT SECURITIES 1,275,028 1,275,028
    HEDGE FUNDS 727,813 727,813
    REAL ESTATE FUNDS 624,932 624,932
    MUNICIPAL BOND 5,400 5,400

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    KINESIS INC
    EIN:
    66-0727042
    Name of Stock End of Year Book Value End of Year Fair Market Value
    COMMON STOCKS- CORPORATES 883,036 883,036

    TY 2021 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   5,215,306 5,215,306

    TY 2021 LandEtcSchedule2
    Name:
    KINESIS INC
    EIN:
    66-0727042
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LEASEHOLD IMPROVEMENTS 888,681 340,938 547,743 547,744
    COMPUTER EQUIPMENT 141,904 63,552 78,352 78,351


    TY 2021 LegalFeesSchedule
    Name:
    KINESIS INC
    EIN:
    66-0727042
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    JRGI LAW LLC 13,063      
    ARENT FOX LLP 21,673      
    OTHERS 4,449      


    TY 2021 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 1,020      
    MARKETING 540      
    IT SUPPLIES 4,995      
    TRANSPORTATION EXPENSE 1,088      
    OFFICE SUPPLIES 2,073      
    POSTAGE , FREIGHT & DELIVERY 457      
    MEALS & ENTERTAINMENT 756      
    PROCESING FEES 961      
    OTHER EXPENSES 20,725      
    PROGRAM SPECIAL ACTIVITIES 2,529      
    DUES AND SUBCRIPTION 11,109      
    INTERNET AND COMMUNICATIONS 8,610      
    UTILITES 19,797      
    BAD DEBT EXPENSES 137,935      
    401 K PLAN MANAGEMENT FEES 4,278      
    PAYMENT & PAYROLL PROCESSOR 2,589      
    INSURANCE EXPENSE 15,592      
    SOFTWARE AND LICENSES 29,688      
    PENALTIES FEES 60      
    FUNDRAISING EXPENSES 56,956      
    REPAIRS AND MAINTENACE 5,094      
    OFFICE CLEANING 6,948      


    TY 2021 OtherIncomeSchedule2
    Name:
    KINESIS INC
    EIN:
    66-0727042
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ACTIVITIES AND OTHERS 234,912   234,912
    GAIN ON EXTINGUISHMENT - LOAN 346,000   346,000
    NET INVESTMENT RETURN LOSS -1,014,038   -1,014,038
    GAIN FROM SALE-CAPITAL ASSETS 529,144   529,144


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    KINESIS INC
    EIN:
    66-0727042
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL SERVICES 315,790      


    TY 2021 TaxesSchedule
    Name:
    KINESIS INC
    EIN:
    66-0727042
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL AND OTHER MISC TAXES 134,154