Civic Intelligence

Saint Francis School

990 • Fiscal year 2020 • EIN 66-0327985

Aug 01, 2019 to Jul 31, 2020 • Filed on Feb 19, 2021

Ave Roberto Clemente 400Carolina, PR 00985

(787) 762-3141

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$13,473,809

Flat from 2020

Net Assets

Flat

$4,292,246

Flat from 2020

Liabilities

Flat

$9,181,563

Flat from 2020

Revenue And Expenses

Revenue

Flat

$8,620,969

Flat from 2020

Expenses

Flat

$8,872,329

Flat from 2020

Net Income

Flat

-$251,360

Flat from 2020

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2020: $13,473,809Liabilities 2020: $9,181,563Net Assets 2020: $4,292,2462020Assets 2020: $13,473,809Liabilities 2020: $9,181,563Net Assets 2020: $4,292,2462020Assets 2021: $13,939,984Liabilities 2021: $8,518,073Net Assets 2021: $5,421,9112021Assets 2022: $12,388,816Liabilities 2022: $7,796,907Net Assets 2022: $4,591,9092022Assets 2023: $16,409,793Liabilities 2023: $6,416,084Net Assets 2023: $9,993,7092023Assets 2024: $16,409,793Liabilities 2024: $6,416,084Net Assets 2024: $9,993,7092024

Highlighted filing

2020

Assets$13,473,809
Liabilities$9,181,563
Net Assets$4,292,246

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2020: $8,620,969Expenses 2020: $8,872,329Net Income 2020: -$251,3602020Revenue 2020: $8,620,969Expenses 2020: $8,872,329Net Income 2020: -$251,3602020Revenue 2021: $9,657,411Expenses 2021: $8,527,746Net Income 2021: $1,129,6652021Revenue 2022: $10,761,668Expenses 2022: $13,201,257Net Income 2022: -$2,439,5892022Revenue 2023: $12,477,470Expenses 2023: $9,827,571Net Income 2023: $2,649,8992023Revenue 2024: $12,911,102Expenses 2024: $12,148,403Net Income 2024: $762,6992024

Highlighted filing

2020

Revenue$8,620,969
Expenses$8,872,329
Net Income-$251,360
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Feb 19, 2021
Return Version
2019v5.0
Gross Receipts
$8,620,969
Mission and Program Overview

Mission

Pre-School-12th grade, non-sectarian, co-ed, preparatory college, day school, Blended Learning Curriculum. Enrollment:1,600 Location: Carolina, Puerto Rico

Pre-School through 12th grade education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$9,928,253-
Accounts Receivable-$1,805,616-
Cash and Non-Interest-Bearing Accounts$0$929,357▲ $929,357
Other Notes and Loans Receivable, Net-$758,856-
Prepaid Expenses and Deferred Charges-$44,655-
Total Assets$0$13,473,809▲ $13,473,809
Other Assets Total-$7,072-
Liabilities
Mortgage Notes Payable Secured by Investment Property-$4,646,559-
Deferred Revenue-$2,744,674-
Other Liabilities-$1,001,675-
Unsecured Notes Loans Payable-$624,697-
Accounts Payable and Accrued Expenses-$163,958-
Total Liabilities$0$9,181,563▲ $9,181,563
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$0$4,292,246▲ $4,292,246
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$0$4,292,246▲ $4,292,246
Total Liabilities and Net Assets / Fund Balance$0$13,473,809▲ $13,473,809

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,505,685-$440,000
Buildings$3,776,870$7,767,576$0
Other Land Buildings$0$0$0
Equipment$4,064,523$0$0
Leasehold Improvements$581,175$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Francheska SalibSchool AdministratorFT$64,584$7,300$71,884

Board Members and Trustees

NameTitle
Cristina SalibPresident / Secretary / Parent
Felix LopezVice-President / Parent
Normarys CosmeAssistant Secretary / Parent
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$8,620,969
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-251,360

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,620,969
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$8,620,969
Total Revenue per Form 990
$8,620,969
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,199,643
Other Expenses$3,820,737
Grants and Similar Amounts Paid$851,949
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,074,593$609,123-$2,683,716
Other Employee Benefits$546,812$661,423-$1,208,235
Depreciation Depletion$883,297--$883,297
Grants to Domestic Individuals$851,949--$851,949
Fees for Services Other-$747,193-$747,193
All Other Expenses$473,702$41,413-$515,115
Office Expenses$313,336$123,326-$436,662
Interest-$387,912-$387,912
Payroll Taxes$206,793$60,762-$267,555
Other Expenses$0$176,717-$176,717
Insurance-$72,263-$72,263
Pension Plan Contributions-$40,137-$40,137
Advertising-$36,293-$36,293
Fees for Services Accounting-$32,060-$32,060
Information Technology$21,809--$21,809
Total Functional Expenses$5,661,339$3,210,990$0$8,872,329

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,872,329
Total Expenses per Audited Statements$8,872,329
Total Expenses per Form 990$8,872,329
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
State Tax$233,819
Salaries Payable$112,771
Miscelaneous$32,101
Insurance$13,559
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

The Conflict-of-Interest policy must be followed. All decision-making should be documented. Proper documentation ensure that all meetings have the proper board members to satisfy quorum. Any family member should abstain from voting whenever an interest in the outcome that directly affects any related party personally or monetarily, in a manner not shared by the other members of the group. The person should not participate or be present at any meeting during which the discussion of the possible conflict of interest takes place.

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

All board members received a draft of Form 990 in advanced and were provided a reasonable period of time to examine and provide feedback in the final preparation and relay pertinent information back to the full board.

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

The school monitors and reviews the Conflict-of-Interest policy by: (1) Reviewing the annual disclosure forms; (2) The organization is required to ask vendor or service provider to disclose any relationship with any of the organization's directors, officers, employees or volunteers. (3) The organization undertakes a periodic review of transactions involving any significant expenditure. (4) Annually reviews of employee salary to ensure any compensation paid continues to be reasonable. If a possible conflict is identified, the organization is committed to following the procedures in its conflict-of-interest policy

Form 990, Part VI, Section B, Line 15

The organization uses comparability data from K-12 school located in Puerto Rico, in relation with the job position, to establish a just and reasonable compensation. Ultimately the Board of Directors must review and approve the compensation, including any bonuses and benefits, of the Officer, to ensure that the payment is just and reasonable, based on the comparability data. The Conflict-of-Interest policy must be consulted.

Form 990, Part VI, Section C, Line 19

The organization has its governing documents/policies and financial statements available upon request, at the employees intranet, and state/federal websites (where available). Francheska Salib is the person in charge of those documents.

Filing and Contact Details

Filer

Filer Name
Saint Francis School
EIN
66-0327985
Phone
7877623141
Address
Ave Roberto Clemente 400, Carolina, PR 00985

Signing Officer

Name
Francheska Salib
Title
School Administrator
Phone
7877623141
Signed
2021-02-19

Organization Details

Principal Officer
Francheska Salib
Formed
1975
Legal Domicile
Pr
Voting Board Members
3
Independent Board Members
3
Employees
187
Volunteers
400
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 8

Net Assets or fund balance at beginning of year. This is an initial return.

Financial Statement Notes

Schedule D, Part X, Line 2

Accrued expenses as of end of fiscal year.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1233819
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt213559
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt332101
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SALARIES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1STATE TAX
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2INSURANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3MISCELANEOUS
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt08620969
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Accrued expenses as of end of fiscal year.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09928253
IRS990ScheduleD/TotalExpensesPerForm990Amt08872329
IRS990ScheduleD/TotalLiabilityAmt01001675
IRS990ScheduleD/TotalRevenuePerForm990Amt08620969
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08620969
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08872329
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Saint Francis School admits students of any race, color, national and ethnic origin to all the rights, privileges, programs, and activities generally accorded or made available to students at the school. It does not discriminate on the basis of race, color, national and ethnic origin in administration of its educational policies, admissions policies, and scholarship programs, and athletic and other school-administered programs.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1DEPT ED - Title II, Part A is to increase the academic achievement of all students by helping schools and districts improve teacher and principal quality. Title I, Part A (Title I) of the Elementary and Secondary Education Act, as amended by the Every Student Succeeds Act (ESEA) provides financial assistance to local educational agencies (LEAs) and schools with high numbers or high percentages of children from low-income families to help ensure that all children meet challenging state academic standards. NSLP- A federally assisted meal program operating in public and nonprofit private schools and residential child care institutions. It provides nutritionally balanced, low-cost or free lunches to children each school day.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0851949
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0Educational services.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0478
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0Tuition cost
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Establish and maintain effective internal control in compliance with Federal and State regulations and the terms and conditions. Evaluate and monitor on a yearly basis. Take prompt action when instances of noncompliance are identified including noncompliance identified in audit findings. Take reasonable measures to safeguard protected personally identifiable information consistent with applicable Federal, state, local, and tribal laws regarding privacy and obligations of confidentiality.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Conflict-of-Interest policy must be followed. All decision-making should be documented. Proper documentation ensure that all meetings have the proper board members to satisfy quorum. Any family member should abstain from voting whenever an interest in the outcome that directly affects any related party personally or monetarily, in a manner not shared by the other members of the group. The person should not participate or be present at any meeting during which the discussion of the possible conflict of interest takes place.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All board members received a draft of Form 990 in advanced and were provided a reasonable period of time to examine and provide feedback in the final preparation and relay pertinent information back to the full board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The school monitors and reviews the Conflict-of-Interest policy by: (1) Reviewing the annual disclosure forms; (2) The organization is required to ask vendor or service provider to disclose any relationship with any of the organization's directors, officers, employees or volunteers. (3) The organization undertakes a periodic review of transactions involving any significant expenditure. (4) Annually reviews of employee salary to ensure any compensation paid continues to be reasonable. If a possible conflict is identified, the organization is committed to following the procedures in its conflict-of-interest policy
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization uses comparability data from K-12 school located in Puerto Rico, in relation with the job position, to establish a just and reasonable compensation. Ultimately the Board of Directors must review and approve the compensation, including any bonuses and benefits, of the Officer, to ensure that the payment is just and reasonable, based on the comparability data. The Conflict-of-Interest policy must be consulted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization has its governing documents/policies and financial statements available upon request, at the employees intranet, and state/federal websites (where available). Francheska Salib is the person in charge of those documents.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Net Assets or fund balance at beginning of year. This is an initial return.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, Line 8
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PR
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt00
IRS990/TotalAssetsEOYAmt013473809
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt013473809
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt0187
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03210990
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05661339
IRS990/TotalFunctionalExpensesGrp/TotalAmt08872329
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt09181563
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt09181563
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04292246
IRS990/TotalOtherCompensationAmt07300
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt05661339
IRS990/TotalProgramServiceRevenueAmt08620969
IRS990/TotalReportableCompFromOrgAmt064584
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08620969
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08620969
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0400

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