Form 990, Page 6, Part VI, Line 11B
“The form 990 is reviewed by the governing body for completeness and accuracy.”
Scores are not available for this record yet.
Assets
Down$3,299,595
Down $129,732 (-3.8%) from 2018
Net Assets
Up-$5,933,228
Up $373,742 (+5.9%) from 2018
Liabilities
Down$9,232,823
Down $503,474 (-5.2%) from 2018
Revenue
Up$3,636,911
Up $439,098 (+14%) from 2018
Expenses
Down$3,263,169
Down $1,307,839 (-29%) from 2018
Net Income
Up$373,742
Up $1,746,937 (+127%) from 2018
A college preparatory school which provides diverse student body with a nurturing, comprehensive & challenging program of studies and activities in a safe, caring & secure environment. The focus of the instructional & support program offered is on the individual student.
A college preparatory school which provides diverse student body with a nurturing, comprehensive & challenging program of studies and activities in a safe, caring & secure environment.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $1,579,806 | $1,536,726 | ▼ $43,080 |
| Accounts Receivable | $854,324 | $984,734 | ▲ $130,410 |
| Intangible Assets | $361,185 | $336,276 | ▼ $24,909 |
| Cash and Non-Interest-Bearing Accounts | $426,221 | $233,168 | ▼ $193,053 |
| Prepaid Expenses and Deferred Charges | $207,791 | $208,691 | ▲ $900 |
| Total Assets | $3,429,327 | $3,299,595 | ▼ $129,732 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $9,266,951 | $8,859,149 | ▼ $407,802 |
| Deferred Revenue | $342,349 | $220,694 | ▼ $121,655 |
| Accounts Payable and Accrued Expenses | $81,988 | $118,725 | ▲ $36,737 |
| Unsecured Notes Loans Payable | $45,009 | $34,255 | ▼ $10,754 |
| Total Liabilities | $9,736,297 | $9,232,823 | ▼ $503,474 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $-6,306,970 | $-5,933,228 | ▲ $373,742 |
| Total Net Assets Fund Balance | $-6,306,970 | $-5,933,228 | ▲ $373,742 |
| Total Liabilities and Net Assets / Fund Balance | $3,429,327 | $3,299,595 | ▼ $129,732 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $662,582 | $3,054,860 | $3,717,442 |
| Land | $524,048 | - | $524,048 |
| Other Land Buildings | $139,524 | $243,868 | $383,392 |
| Leasehold Improvements | $210,572 | $49,447 | $260,019 |
| Equipment | - | $204,272 | $204,272 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Iphigenia Romanos | Head of Scho | FT | $205,409 | $205,409 |
| Iphigenia Romanos | Head of School | - | $205,409 | $205,409 |
| Albert C Corhan | Director of Opera | FT | $191,290 | $191,290 |
| Albert C Corhan | Director of Operations | - | $191,290 | $191,290 |
| Emil Cafiero | Trustee | FT | $40,000 | $40,000 |
| Name | Title |
|---|---|
| Amable Mieses | Trustee |
| George Smith | Trustee |
| Iris Iglesias | Trustee |
| Jose Beltre | Trustee |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $1,694,997 |
| Other Expenses | $1,568,172 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $1,035,241 | $46,976 | - | $1,082,217 |
| Interest | $540,775 | $28,462 | - | $569,237 |
| Comp Disqual Persons | - | $396,699 | - | $396,699 |
| Depreciation Depletion | $115,496 | $6,079 | - | $121,575 |
| Payroll Taxes | $67,870 | $29,087 | - | $96,957 |
| Insurance | $91,564 | $4,819 | - | $96,383 |
| Other Employee Benefits | $68,982 | $18,201 | - | $87,183 |
| Other Expenses | $74,136 | $4,011 | - | $74,136 |
| All Other Expenses | $63,656 | $7,230 | - | $70,886 |
| Fees for Services Management | $37,350 | $24,900 | - | $62,250 |
| Information Technology | $47,537 | $5,282 | - | $52,819 |
| Office Expenses | - | $49,680 | - | $49,680 |
| Advertising | $11,458 | $34,374 | - | $45,832 |
| Pension Plan Contributions | $25,209 | $6,732 | - | $31,941 |
| Fees for Services Accounting | - | $26,000 | - | $26,000 |
| Fees for Services Legal | - | $25,746 | - | $25,746 |
| Fees for Services Other | - | $11,280 | - | $11,280 |
| Total Functional Expenses | $2,537,611 | $725,558 | $0 | $3,263,169 |
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $139,434 |
| Fundraising Direct Expenses | $27,912 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Special Events | $42,624 | $42,624 | $5,650 | $36,974 |
| Student Show | $39,657 | $39,657 | $2,891 | $36,766 |
| Total Events | $139,434 | $139,434 | $27,912 | $111,522 |
“The form 990 is reviewed by the governing body for completeness and accuracy.”
“The governing body consistently monitors to ensure compliance with conflict of interest policy.”
“The governing body performs a formal review and evaluation and also consults independent third party professionals, reviews comparability information and statistics and makes a formal decision based on various factors and criteria.”
“The governing body performs a formal review and evaluation and also consults independent third party professionals, reviews comparability information and statistics and makes a formal decision based on various factors and criteria.”
“The governing documents, conflict of interest policy and financial statements are published in the internal staff and board manuals. They are also available at the school upon request.”
“A college preparatory school which provides diverse student body with a nurturing, comprehensive & challenging program of studies and activities in a safe, caring & secure environment. The focus of the instructional & support program offered is on the individual student.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION DISTRIBUTES COPIES OF IT'S RACIALLY NONDISCRIMINATORY POLICY DURING THE REGISTRATION PERIOD. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | A COLLEGE PREPARATORY SCHOOL WHICH PROVIDES DIVERSE STUDENT BODY WITH A NURTURING, COMPREHENSIVE & CHALLENGING PROGRAM OF STUDIES AND ACTIVITIES IN A SAFE, CARING & SECURE ENVIRONMENT. THE FOCUS OF THE INSTRUCTIONAL & SUPPORT PROGRAM OFFERED IS ON THE INDIVIDUAL STUDENT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE FORM 990 IS REVIEWED BY THE GOVERNING BODY FOR COMPLETENESS AND ACCURACY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE GOVERNING BODY CONSISTENTLY MONITORS TO ENSURE COMPLIANCE WITH CONFLICT OF INTEREST POLICY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE GOVERNING BODY PERFORMS A FORMAL REVIEW AND EVALUATION AND ALSO CONSULTS INDEPENDENT THIRD PARTY PROFESSIONALS, REVIEWS COMPARABILITY INFORMATION AND STATISTICS AND MAKES A FORMAL DECISION BASED ON VARIOUS FACTORS AND CRITERIA. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE GOVERNING BODY PERFORMS A FORMAL REVIEW AND EVALUATION AND ALSO CONSULTS INDEPENDENT THIRD PARTY PROFESSIONALS, REVIEWS COMPARABILITY INFORMATION AND STATISTICS AND MAKES A FORMAL DECISION BASED ON VARIOUS FACTORS AND CRITERIA. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE PUBLISHED IN THE INTERNAL STAFF AND BOARD MANUALS. THEY ARE ALSO AVAILABLE AT THE SCHOOL UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 19 |
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Displayed year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.