Civic Intelligence

Caribbean School Inc.

990 • Fiscal year 2015 • EIN 66-0234885

Jul 01, 2014 to Jun 30, 2015 • Filed on Sep 15, 2015

1869 Navarra StreetUrb LA RamblaPonce, PR 00730Rq

(787) 841-0520

Siviq Scores

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

Liabilities / Assets

74th percentile

0.40x

Higher debt load relative to assets than 74% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

73rd percentile

0.40x

Higher debt load relative to revenue than 73% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

27th percentile

-5.3%

Higher net margin than 27% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

31st percentile

-3.0%

Faster asset growth than 31% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

31st percentile

-3.6%

Faster revenue growth than 31% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$3,424,998

Down $104,271 (-3.0%) from 2014

Net Assets

Down

$2,057,263

Down $180,075 (-8.0%) from 2014

Liabilities

Up

$1,367,735

Up $75,804 (+5.9%) from 2014

Revenue

Down

$3,394,782

Down $126,903 (-3.6%) from 2014

Expenses

Down

$3,574,857

Down $61,519 (-1.7%) from 2014

Net Income

Down

-$180,075

Down $65,384 (-57%) from 2014

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,411,706Liabilities 2011: $1,000,650Net Assets 2011: $2,411,0562011Assets 2012: $3,830,425Liabilities 2012: $1,373,639Net Assets 2012: $2,456,7862012Assets 2013: $3,688,508Liabilities 2013: $1,336,479Net Assets 2013: $2,352,0292013Assets 2014: $3,529,269Liabilities 2014: $1,291,931Net Assets 2014: $2,237,3382014Assets 2015: $3,424,998Liabilities 2015: $1,367,735Net Assets 2015: $2,057,2632015Assets 2016: $3,163,561Liabilities 2016: $1,167,802Net Assets 2016: $1,995,7592016Assets 2017: $3,359,398Liabilities 2017: $1,169,883Net Assets 2017: $2,189,5152017Assets 2018: $3,230,124Liabilities 2018: $1,026,645Net Assets 2018: $2,203,4792018Assets 2019: $3,445,144Liabilities 2019: $1,189,797Net Assets 2019: $2,255,3472019Assets 2020: $3,393,132Liabilities 2020: $1,266,944Net Assets 2020: $2,126,1882020Assets 2021: $3,898,422Liabilities 2021: $1,766,023Net Assets 2021: $2,132,3992021Assets 2023: $3,315,320Liabilities 2023: $1,394,810Net Assets 2023: $1,920,5102023Assets 2024: $3,526,185Liabilities 2024: $1,521,400Net Assets 2024: $2,004,7852024

Highlighted filing

2015

Assets$3,424,998
Liabilities$1,367,735
Net Assets$2,057,263

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $3,115,7062011Expenses 2012: $3,324,0922012Expenses 2013: $3,501,8032013Revenue 2014: $3,521,685Expenses 2014: $3,636,376Net Income 2014: -$114,6912014Revenue 2015: $3,394,782Expenses 2015: $3,574,857Net Income 2015: -$180,0752015Revenue 2016: $3,364,080Expenses 2016: $3,425,584Net Income 2016: -$61,5042016Revenue 2017: $3,569,657Expenses 2017: $3,278,728Net Income 2017: $290,9292017Revenue 2018: $3,491,205Expenses 2018: $3,406,577Net Income 2018: $84,6282018Revenue 2019: $3,573,987Expenses 2019: $3,522,119Net Income 2019: $51,8682019Revenue 2020: $3,196,932Expenses 2020: $3,326,091Net Income 2020: -$129,1592020Revenue 2021: $3,097,431Expenses 2021: $2,720,374Net Income 2021: $377,0572021Revenue 2023: $3,203,440Expenses 2023: $3,536,604Net Income 2023: -$333,1642023Revenue 2024: $4,149,052Expenses 2024: $3,997,722Net Income 2024: $151,3302024

Highlighted filing

2015

Revenue$3,394,782
Expenses$3,574,857
Net Income-$180,075
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Sep 15, 2015
Return Version
2014v5.0
Gross Receipts
$3,394,782
Mission and Program Overview

Mission

Educational services from prekinder to 12th grade

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,795,658$2,611,807▼ $183,851
Cash and Non-Interest-Bearing Accounts$416,783$605,954▲ $189,171
Investments in Publicly Traded Securities$148,687--
Accounts Receivable$45,347$91,706▲ $46,359
Prepaid Expenses and Deferred Charges$25,621$18,358▼ $7,263
Total Assets$3,529,269$3,424,998▼ $104,271
Other Assets Total$97,173$97,173→ $0
Liabilities
Deferred Revenue$806,623$775,693▼ $30,930
Accounts Payable and Accrued Expenses$389,981$529,374▲ $139,393
Mortgage Notes Payable Secured by Investment Property$84,910$62,668▼ $22,242
Unsecured Notes Loans Payable$10,417--
Total Liabilities$1,291,931$1,367,735▲ $75,804
Net Assets / Fund Balance
Unrestricted Net Assets$2,152,925$1,984,882▼ $168,043
Permanently Rstr Net Assets$84,413$72,381▼ $12,032
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$2,237,338$2,057,263▼ $180,075
Total Liabilities and Net Assets / Fund Balance$3,529,269$3,424,998▼ $104,271

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$503,096$1,885,203$0
Other Land Buildings$94,210$786,156$0
Land$495,707-$0
Equipment$1,518,794$1,007,476$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Raoul Le HardyPresident
Rafael LagoVice President
Michelle RoviraSecretary
Lucia CasasTreasurer
Ricardo PouVice Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,550,630
Investment Income
$4,693
Other Revenue
$-160,541
Change in Net Assets
$-180,075
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,326,955
Other Expenses$1,247,902
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,889,085$0$0$1,889,085
Depreciation Depletion$367,093$0$0$367,093
Other Employee Benefits$236,506$0$0$236,506
Payroll Taxes$161,519$0$0$161,519
Other Expenses$148,622$0$0$148,622
Office Expenses$138,961$0$0$138,961
Insurance$83,399$0$0$83,399
Fees for Services Legal$57,192$0$0$57,192
Pension Plan Contributions$39,845$0$0$39,845
All Other Expenses$37,515$0$0$37,515
Fees for Services Management$14,755$0$0$14,755
Interest$7,700$0$0$7,700
Fees for Services Accounting$6,500$0$0$6,500
Total Functional Expenses$3,574,857$0$0$3,574,857
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7B

Decisions such as loan agreements and changes in the certificate issued by the pr department of state requires the approval of the board of directors

Form 990, Part VI, Section A, Line 8B

The school board of directors maintains a monthly minutes report where all different issues are report tothe board of directors

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

Form 990 is presented and discussed by the current board of directors, then sign and submitted to irs

Form 990, Part VI, Section B, Line 12C

The school administration issues a copy of the policy at the beginning of the school year to all employees. It also posted in their staff manual book which is an amendment to their employment contract

Form 990, Part VI, Section C, Line 19

Conflict of interest policies and financial statements are available for inspection upon request to the administration office and documents are available in the school

Filing and Contact Details

Filer

Filer Name
Caribbean School Inc
EIN
66-0234885
Phone
7878410520
Address
RQ

Signing Officer

Name
Raoul Le Hardy
Title
President
Phone
7878410520
Signed
2015-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Raoul Le Hardy
Formed
1954
Legal Domicile
Pr
Voting Board Members
12
Independent Board Members
12
Employees
87
Volunteers
12

Preparer

Firm
CPA Ismael E Castillo
Address
La Rambla Plaza-606 Ave Tito Castro, Ponce, PR 00716-0210
Preparer
Ismael Castillo
Phone
7878435600
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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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IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/BusinessCd2611110
IRS990/ProgramServiceRevenueGrp/BusinessCd3611110
IRS990/ProgramServiceRevenueGrp/BusinessCd4611110
IRS990/ProgramServiceRevenueGrp/Desc0TUITION FEES
IRS990/ProgramServiceRevenueGrp/Desc1GENERAL OPERATING FEE
IRS990/ProgramServiceRevenueGrp/Desc2REGISTRATIO & ADMITION FEES
IRS990/ProgramServiceRevenueGrp/Desc3AUXILIARY FEES
IRS990/ProgramServiceRevenueGrp/Desc4OTHER
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/ExclusionAmt40
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02753031
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1465660
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2222375
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt33783
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4105781
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02753031
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1465660
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2222375
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt33783
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4105781
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt40
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt018265
IRS990/PYOtherExpensesAmt01223249
IRS990/PYOtherRevenueAmt0-97422
IRS990/PYProgramServiceRevenueAmt03600842
IRS990/PYRevenuesLessExpensesAmt0-114691
IRS990/PYSalariesCompEmpBnftPaidAmt02413127
IRS990/PYTotalExpensesAmt03636376
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03521685
IRS990/ReconcilationRevenueExpnssAmt0-180075
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03550630
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0503096
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01885203
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt02388299
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt01518794
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01007476
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt02526270
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0495707
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0495707
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt094210
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0786156
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0880366
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02611807
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd00
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS DOCUMENTED NON DISCRIMINATORY POLICIES AS CAN BE OBSERVED ON ITS WEBSITE WWW.CARIBBEANSCHOOL.ORG
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL DOES NOT MAINTAIN A RECORD OF THE RACIAL MAKEUP OF THE STUDENT BODY. SCHOLARSHIPS ARE AWARDED BY MERITS OR FINANCIAL NEEDS. EACH STUDENT IS EVALUATED INDEPENDENTLY
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 4
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DECISIONS SUCH AS LOAN AGREEMENTS AND CHANGES IN THE CERTIFICATE ISSUED BY THE PR DEPARTMENT OF STATE REQUIRES THE APPROVAL OF THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL BOARD OF DIRECTORS MAINTAINS A MONTHLY MINUTES REPORT WHERE ALL DIFFERENT ISSUES ARE REPORT TOTHE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PRESENTED AND DISCUSSED BY THE CURRENT BOARD OF DIRECTORS, THEN SIGN AND SUBMITTED TO IRS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SCHOOL ADMINISTRATION ISSUES A COPY OF THE POLICY AT THE BEGINNING OF THE SCHOOL YEAR TO ALL EMPLOYEES. IT ALSO POSTED IN THEIR STAFF MANUAL BOOK WHICH IS AN AMENDMENT TO THEIR EMPLOYMENT CONTRACT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION UPON REQUEST TO THE ADMINISTRATION OFFICE AND DOCUMENTS ARE AVAILABLE IN THE SCHOOL
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PR
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03529269
IRS990/TotalAssetsEOYAmt03424998
IRS990/TotalAssetsGrp/BOYAmt03529269
IRS990/TotalAssetsGrp/EOYAmt03424998
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt087
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.53$1.52$2.00$4.15$4.00$0.15
2023Detailed filing. Detailed filing data is available for this year.$3.32$1.39$1.92$3.20$3.54$0.33
2021Detailed filing. Detailed filing data is available for this year.$3.90$1.77$2.13$3.10$2.72$0.38
2020Detailed filing. Detailed filing data is available for this year.$3.39$1.27$2.13$3.20$3.33$0.13
2019Detailed filing. Detailed filing data is available for this year.$3.45$1.19$2.26$3.57$3.52$0.05
2018Detailed filing. Detailed filing data is available for this year.$3.23$1.03$2.20$3.49$3.41$0.08
2017Detailed filing. Detailed filing data is available for this year.$3.36$1.17$2.19$3.57$3.28$0.29
2016Detailed filing. Detailed filing data is available for this year.$3.16$1.17$2.00$3.36$3.43$0.06
2015Detailed filing. Detailed filing data is available for this year.$3.42$1.37$2.06$3.39$3.57$0.18
2014Detailed filing. Detailed filing data is available for this year.$3.53$1.29$2.24$3.52$3.64$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.69$1.34$2.35$3.50
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.83$1.37$2.46$3.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.41$1.00$2.41$3.12