Civic Intelligence

Hispanic Educational Technologies Services Inc

990 • Fiscal year 2016 • EIN 52-1860470

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 14, 2017

PO Box 21345San Juan, PR 00927

(787) 766-2600

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.35x

Higher debt load relative to assets than 86% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

83rd percentile

0.12x

Higher debt load relative to revenue than 83% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

64th percentile

9.9%

Higher net margin than 64% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

76th percentile

25%

Faster asset growth than 76% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

81st percentile

33%

Faster revenue growth than 81% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$96,863

Up $19,392 (+25%) from 2015

Net Assets

Up

$62,719

Up $27,856 (+80%) from 2015

Liabilities

Down

$34,144

Down $8,464 (-20%) from 2015

Revenue

Up

$281,586

Up $69,635 (+33%) from 2015

Expenses

Up

$253,730

Up $33,282 (+15%) from 2015

Net Income

Up

$27,856

Up $36,353 (+428%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$150K$100K$50K$0Assets 2011: $79,065Liabilities 2011: $36,5152011Assets 2012: $73,039Liabilities 2012: $41,727Net Assets 2012: $31,3122012Assets 2013: $74,471Liabilities 2013: $41,261Net Assets 2013: $33,2102013Assets 2014: $81,154Liabilities 2014: $44,296Net Assets 2014: $36,8582014Assets 2015: $77,471Liabilities 2015: $42,608Net Assets 2015: $34,8632015Assets 2016: $96,863Liabilities 2016: $34,144Net Assets 2016: $62,7192016Assets 2017: $89,749Liabilities 2017: $35,680Net Assets 2017: $54,0692017Assets 2018: $88,025Liabilities 2018: $51,005Net Assets 2018: $37,0202018Assets 2019: $77,555Liabilities 2019: $43,810Net Assets 2019: $33,7452019Assets 2020: $91,474Liabilities 2020: $52,198Net Assets 2020: $39,2762020Assets 2021: $92,515Liabilities 2021: $41,125Net Assets 2021: $51,3902021Assets 2022: $139,175Liabilities 2022: $39,551Net Assets 2022: $99,6242022Assets 2023: $161,661Liabilities 2023: $65,149Net Assets 2023: $96,5122023Assets 2024: $175,808Liabilities 2024: $103,054Net Assets 2024: $72,7542024

Highlighted filing

2016

Assets$96,863
Liabilities$34,144
Net Assets$62,719

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $200,592Expenses 2011: $205,862Net Income 2011: -$5,2702011Revenue 2012: $216,435Expenses 2012: $227,673Net Income 2012: -$11,2382012Revenue 2013: $202,233Expenses 2013: $200,335Net Income 2013: $1,8982013Revenue 2014: $271,425Expenses 2014: $261,274Net Income 2014: $10,1512014Revenue 2015: $211,951Expenses 2015: $220,448Net Income 2015: -$8,4972015Revenue 2016: $281,586Expenses 2016: $253,730Net Income 2016: $27,8562016Revenue 2017: $222,145Expenses 2017: $230,795Net Income 2017: -$8,6502017Revenue 2018: $226,047Expenses 2018: $241,112Net Income 2018: -$15,0652018Revenue 2019: $226,677Expenses 2019: $229,952Net Income 2019: -$3,2752019Revenue 2020: $237,238Expenses 2020: $231,709Net Income 2020: $5,5292020Revenue 2021: $222,780Expenses 2021: $210,668Net Income 2021: $12,1122021Revenue 2022: $285,877Expenses 2022: $237,554Net Income 2022: $48,3232022Revenue 2023: $255,749Expenses 2023: $258,861Net Income 2023: -$3,1122023Revenue 2024: $251,095Expenses 2024: $274,853Net Income 2024: -$23,7582024

Highlighted filing

2016

Revenue$281,586
Expenses$253,730
Net Income$27,856
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 14, 2017
Return Version
2015v3.0
Gross Receipts
$281,586
Mission and Program Overview

Mission

To promote, support, and increase the capabilities of member institutions to enhance Hispanic/Latino student access, retention, and success in Higher Education through the strategic integration of technology.

Oppotunity to supplement and expand their educational offering providing courses through the web.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$47,077$57,959▲ $10,882
Accounts Receivable$24,404$28,816▲ $4,412
Prepaid Expenses and Deferred Charges$4,940$6,013▲ $1,073
Land, Buildings, and Equipment, Net$1,050$4,075▲ $3,025
Loans From Officers Directors$0$0→ $0
Total Assets$77,471$96,863▲ $19,392
Liabilities
Accounts Payable and Accrued Expenses$42,208$33,744▼ $8,464
Deferred Revenue$400$400→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$42,608$34,144▼ $8,464
Net Assets / Fund Balance
Unrestricted Net Assets$34,863$62,719▲ $27,856
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$34,863$62,719▲ $27,856
Total Liabilities and Net Assets / Fund Balance$77,471$96,863▲ $19,392

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$4,075$2,694$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Yubelkys MontalvoExecutive DirectorFT$70,478$70,478

Board Members and Trustees

NameTitle
Manuel FernosChairman
Carlos Vargas AburtoSecond Vice Chair
Gloria BaqueroVice Chair
Antonio PerezRegional Representative
Carlos MoralesRegional Representative
Lorena MezaRegional Representative
Gladys NievesSecretary
Jose F MendezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$247,759
Program Service Revenue
$33,827
Investment Income
$0
Other Revenue
$0
All Other Contributions
$56,222
Change in Net Assets
$27,856
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$174,007
Salaries, Compensation, and Employee Benefits$79,723
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$60,656$9,822-$70,478
Other Expenses$35,860$0$0$35,860
Occupancy-$23,447-$23,447
Other Salaries and Wages-$9,245-$9,245
Fees for Services Accounting-$8,259-$8,259
All Other Expenses-$7,407-$7,407
Advertising$5,749--$5,749
Fees for Services Other-$3,040-$3,040
Office Expenses-$3,000-$3,000
Travel-$2,545-$2,545
Insurance-$1,500-$1,500
Depreciation Depletion-$1,145-$1,145
Total Functional Expenses$184,320$69,410$0$253,730
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form is prepared by accountant and reviwed by the treasurer before filing.

Form 990, Part VI, Section C, Line 19

Governing documents confilicts of interest policy and financial statements are available to the public on its annual reports, hard copy are available at the office upon request.

Filing and Contact Details

Filer

Filer Name
Hispanic Educational Technologies Services Inc
EIN
52-1860470
Phone
7877662600
Address
PO BOX 21345, SAN JUAN, PR 00927

Signing Officer

Name
Yubelkys Montalvo
Title
Executive Director
Phone
7877662600
Signed
2017-02-14
Discuss with paid preparer
No

Organization Details

Principal Officer
Yubelkys Montalvo
Formed
1993
Legal Domicile
Pr
Voting Board Members
8
Independent Board Members
8
Employees
2
Volunteers
0

Preparer

Firm
Juan a Vazquez Aldea CPA
Address
PO BOX 9090, CAGUAS, PR 00726
Preparer
Juan a Vazquez Aldea
Phone
7874133650
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IRS990/PYContributionsGrantsAmt0197602
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0100
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0133730
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt014349
IRS990/PYRevenuesLessExpensesAmt0-8497
IRS990/PYSalariesCompEmpBnftPaidAmt086618
IRS990/PYTotalExpensesAmt0220448
IRS990/PYTotalRevenueAmt0211951
IRS990/ReconcilationRevenueExpnssAmt027856
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt014349
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME AMOUNT REPORTED CORRESPOND TO PROGRAM SERVICES ACTIVITIES SUCH OLINE WORKSHOP AND EVENT REGISTRATIONS
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0247759
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0197602
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0227637
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0178683
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0178905
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01030586
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt033827
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt014349
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt043788
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt023550
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt037530
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0153044
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.87070
IRS990ScheduleA/PublicSupportPY170Pct00.8608
IRS990ScheduleA/PublicSupportTotal170Amt01030586
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0247759
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0197602
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0227637
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0178683
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0178905
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01030586
IRS990ScheduleA/TotalSupportAmt01183630
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt04075
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02694
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt06769
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04075
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM IS PREPARED BY ACCOUNTANT AND REVIWED BY THE TREASURER BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS CONFILICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON ITS ANNUAL REPORTS, HARD COPY ARE AVAILABLE AT THE OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PR
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt077471
IRS990/TotalAssetsEOYAmt096863
IRS990/TotalAssetsGrp/BOYAmt077471
IRS990/TotalAssetsGrp/EOYAmt096863
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0247759
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt069410
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0184320
IRS990/TotalFunctionalExpensesGrp/TotalAmt0253730
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt042608
IRS990/TotalLiabilitiesEOYAmt034144
IRS990/TotalLiabilitiesGrp/BOYAmt042608
IRS990/TotalLiabilitiesGrp/EOYAmt034144
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt034863
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt062719
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0184320
IRS990/TotalProgramServiceRevenueAmt033827
IRS990/TotalReportableCompFromOrgAmt070478
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt033827
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0281586

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.76$1.03$0.73$2.51$2.75$0.24
2023Detailed filing. Detailed filing data is available for this year.$1.62$0.65$0.97$2.56$2.59$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.39$0.40$1.00$2.86$2.38$0.48
2021Detailed filing. Detailed filing data is available for this year.$0.93$0.41$0.51$2.23$2.11$0.12
2020Detailed filing. Detailed filing data is available for this year.$0.91$0.52$0.39$2.37$2.32$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.78$0.44$0.34$2.27$2.30$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.88$0.51$0.37$2.26$2.41$0.15
2017Detailed filing. Detailed filing data is available for this year.$0.90$0.36$0.54$2.22$2.31$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.97$0.34$0.63$2.82$2.54$0.28
2015Summary only. Only limited summary data is available for this year.$0.77$0.43$0.35$2.12$2.20$0.08
2014Summary only. Only limited summary data is available for this year.$0.81$0.44$0.37$2.71$2.61$0.10
2013Summary only. Only limited summary data is available for this year.$0.74$0.41$0.33$2.02$2.00$0.02
2012Summary only. Only limited summary data is available for this year.$0.73$0.42$0.31$2.16$2.28$0.11
2011Summary only. Only limited summary data is available for this year.$0.79$0.37$2.01$2.06$0.05