Civic Intelligence

The Palmas Academy Inc

990 • Fiscal year 2021 • EIN 66-0486893

Jul 01, 2020 to Jun 30, 2021 • Filed on May 03, 2022

Organization ProfileTHEPALMASACADEMY.COM

View Organization Page

10 Academy Drive Palmas Del MarHumacao 00791Rq

(787) 850-9120

Siviq Scores

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

Liabilities / Assets

88th percentile

0.82x

Higher debt load relative to assets than 88% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

93rd percentile

4.11x

Higher debt load relative to revenue than 93% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

9th percentile

-19%

Higher net margin than 9% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

20th percentile

$83,959

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

20th percentile

-1.0%

Faster asset growth than 20% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

10th percentile

-24%

Faster revenue growth than 10% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$10,746,233

Down $111,358 (-1.0%) from 2020

Net Assets

Down

$1,937,066

Down $400,807 (-17%) from 2020

Liabilities

Up

$8,809,167

Up $289,449 (+3.4%) from 2020

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin9th percentile

Revenue

Down

$2,143,628

Down $674,508 (-24%) from 2020

Expenses

Down

$2,544,435

Down $326,381 (-11%) from 2020

Net Income

Down

-$400,807

Down $348,127 (-661%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

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

$15M$10M$5.0M$0Assets 2011: $12,198,258Liabilities 2011: $9,584,907Net Assets 2011: $2,613,3512011Assets 2012: $12,093,391Liabilities 2012: $9,510,174Net Assets 2012: $2,583,2172012Assets 2013: $11,890,614Liabilities 2013: $9,361,385Net Assets 2013: $2,529,2292013Assets 2014: $11,736,362Liabilities 2014: $9,256,653Net Assets 2014: $2,479,7092014Assets 2015: $11,809,272Liabilities 2015: $9,161,060Net Assets 2015: $2,648,2122015Assets 2016: $11,768,957Liabilities 2016: $9,095,688Net Assets 2016: $2,673,2692016Assets 2017: $11,818,113Liabilities 2017: $9,046,449Net Assets 2017: $2,771,6642017Assets 2018: $11,152,515Liabilities 2018: $8,725,163Net Assets 2018: $2,427,3522018Assets 2019: $10,868,570Liabilities 2019: $8,478,017Net Assets 2019: $2,390,5532019Assets 2020: $10,857,591Liabilities 2020: $8,519,718Net Assets 2020: $2,337,8732020Assets 2021: $10,746,233Liabilities 2021: $8,809,167Net Assets 2021: $1,937,0662021Assets 2022: $10,618,970Liabilities 2022: $8,297,181Net Assets 2022: $2,321,7892022Assets 2023: $10,818,631Liabilities 2023: $8,322,514Net Assets 2023: $2,496,1172023Assets 2024: $10,662,023Liabilities 2024: $8,551,856Net Assets 2024: $2,110,1672024

Highlighted filing

2021

Assets$10,746,233
Liabilities$8,809,167
Net Assets$1,937,066
Open 2021 Filing

Operations Trend

Revenue Growth10th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $3,055,527Expenses 2011: $3,136,365Net Income 2011: -$80,8382011Revenue 2012: $3,214,593Expenses 2012: $3,244,727Net Income 2012: -$30,1342012Revenue 2013: $3,206,383Expenses 2013: $3,260,371Net Income 2013: -$53,9882013Revenue 2014: $3,007,709Expenses 2014: $3,057,229Net Income 2014: -$49,5202014Revenue 2015: $3,346,357Expenses 2015: $3,177,854Net Income 2015: $168,5032015Revenue 2016: $3,420,422Expenses 2016: $3,395,365Net Income 2016: $25,0572016Revenue 2017: $3,609,466Expenses 2017: $3,511,071Net Income 2017: $98,3952017Revenue 2018: $2,853,617Expenses 2018: $3,197,929Net Income 2018: -$344,3122018Revenue 2019: $2,873,020Expenses 2019: $2,909,819Net Income 2019: -$36,7992019Revenue 2020: $2,818,136Expenses 2020: $2,870,816Net Income 2020: -$52,6802020Revenue 2021: $2,143,628Expenses 2021: $2,544,435Net Income 2021: -$400,8072021Revenue 2022: $3,682,875Expenses 2022: $3,298,152Net Income 2022: $384,7232022Revenue 2023: $4,623,282Expenses 2023: $4,448,954Net Income 2023: $174,3282023Revenue 2024: $5,379,767Expenses 2024: $5,765,717Net Income 2024: -$385,9502024

Highlighted filing

2021

Revenue$2,143,628
Expenses$2,544,435
Net Income-$400,807
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 3, 2022
Return Version
2020v4.0
Gross Receipts
$2,176,363
Mission and Program Overview

Mission

Educational services to approx. 355 students from pre-k to 12th grade.

Educational services to approx. 292 students from pre-k to 12th grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,442,764$9,108,216▼ $334,548
Cash and Non-Interest-Bearing Accounts$1,157,478$1,406,455▲ $248,977
Savings and Temporary Cash Investments$158,480$158,518▲ $38
Inventories for Sale or Use$39,317$45,835▲ $6,518
Prepaid Expenses and Deferred Charges$31,251$22,304▼ $8,947
Accounts Receivable$28,301$4,905▼ $23,396
Total Assets$10,857,591$10,746,233▼ $111,358
Liabilities
Unsecured Notes Loans Payable$8,033,863$8,144,843▲ $110,980
Deferred Revenue$347,905$510,961▲ $163,056
Accounts Payable and Accrued Expenses$137,950$153,363▲ $15,413
Total Liabilities$8,519,718$8,809,167▲ $289,449
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,638,156$2,638,156→ $0
Net Assets Without Donor Restrictions$-300,283$-701,090▼ $400,807
Total Net Assets Fund Balance$2,337,873$1,937,066▼ $400,807
Total Liabilities and Net Assets / Fund Balance$10,857,591$10,746,233▼ $111,358

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,912,245$4,266,162$9,178,407
Land$3,885,404-$3,885,404
Equipment$271,309$1,139,039$1,410,348
Other Land Buildings$39,258$132,697$171,955

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$103,156---$103,156
2019$103,156---$103,156
2018$103,156---$103,156
2017$114,473--$11,317$103,156
2016$114,431-▲ $42-$114,473
Compensation and Service Providers
Top Officer Pay20th percentile

Employees

NameTitleBaseTotal
Lidia a VersonHead of Scho$83,959$83,959

Board Members and Trustees

NameTitle
Giovanna BalagerPresident
Antonio L Medina ComasMember
Elizabeth Saldaa SchimerMember
Flix Huertas GonzlezMember
Harry CookMember
Hctor R AponteMember
Ismael Surez HerreroMember
Jos M EncarnacinMember
Juan Jos RiveraMember
Luis E Laguna MimosoMember
Ricardo CasillasMember
Tyson HendricksenMember
Gina LulianySecretary
Rebecca RodrguezTreasurer
Berta G BullVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$25,007
Program Service Revenue
$1,926,957
Investment Income
$4,195
Other Revenue
$187,469
All Other Contributions
$20,360
Change in Net Assets
$-400,807

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,143,628
Revenue Not Reported on Form 990
$32,735
Total Revenue per Audited Statements
$2,176,363
Total Revenue per Form 990
$2,143,628
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,317,176
Other Expenses$1,227,259
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$720,921$430,818-$1,151,739
Interest$301,652$75,413-$377,065
Depreciation Depletion$292,481$73,120-$365,601
Payroll Taxes$78,047$46,640-$124,687
Insurance$70,097$17,524-$87,621
Fees for Services Other$5,850$45,918-$51,768
Other Employee Benefits$24,300$16,450-$40,750
All Other Expenses$9,601$15,576-$25,177
Other Expenses$9,884$15,276-$25,160
Office Expenses$7,582$9,501-$17,083
Fees for Services Accounting-$14,311-$14,311
Fees for Services Legal-$13,177-$13,177
Advertising-$12,624-$12,624
Total Functional Expenses$1,710,553$833,882$0$2,544,435

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,577,170
Expenses per Audited Statements$2,544,435
Total Expenses per Form 990$2,544,435
Expenses Not Reported on Form 990$32,735
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
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

“All members of the governing body vote and decide to elect one or more members of the governing body.”

Form 990, Page 6, Part VI, Line 7B

“All decisions of the governing body are approved by the governing body.”

Form 990, Page 6, Part VI, Line 11B

“The finance committee review the form 990.”

Form 990, Page 6, Part VI, Line 19

“A copy of form 990 and all governing documents are available in the accounting department's office for public review upon request.”

Filing and Contact Details

Filer

Filer Name
The Palmas Academy Inc
EIN
66-0486893
Phone
7878509120
Address
RQ

Signing Officer

Name
Maritza Rivera
Title
Financial Director
Phone
7878509120
Signed
2022-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Giovanna Balager
Formed
1992
Voting Board Members
15
Independent Board Members
15
Employees
65

Preparer

Firm
Jl Rodriguez & Co
Address
PO BOX 287, HUMACAO, PR 00792
Preparer
Jorge L Rodrguez CPA
Phone
7878503750
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Cost of school materials sold presented in revenue sec. 32,735 cost of school materials sold presented in revenue sec. -32,735”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Cost of school materials sold presented in revenue sec. 32,735”

Schedule D, Page 4, Part XII, Line 2D

“Cost of school materials sold presented in revenue sec. 32,735”

Raw XML AppendixShowing 400 of 472 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0137950
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0153363
IRS990/AccountsReceivableGrp/BOYAmt028301
IRS990/AccountsReceivableGrp/EOYAmt04905
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0EDUCATIONAL SERVICES TO APPROX. 292 STUDENTS FROM PRE-K TO 12TH GRADE.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt012624
IRS990/AdvertisingGrp/TotalAmt012624
IRS990/AllOtherContributionsAmt020360
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt015576
IRS990/AllOtherExpensesGrp/ProgramServicesAmt09601
IRS990/AllOtherExpensesGrp/TotalAmt025177
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0CO CORPORATION
IRS990/BooksInCareOfDetail/PhoneNum07878509120
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt010 ACADEMY DRIVE PALMAS DEL MAR
IRS990/BooksInCareOfDetail/USAddress/CityNm0HUMACAO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PR
IRS990/BooksInCareOfDetail/USAddress/ZIPCd000791
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01157478
IRS990/CashNonInterestBearingGrp/EOYAmt01406455
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CostOfGoodsSoldAmt032735
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt025007
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt04195
IRS990/CYOtherExpensesAmt01227259
IRS990/CYOtherRevenueAmt0187469
IRS990/CYProgramServiceRevenueAmt01926957
IRS990/CYRevenuesLessExpensesAmt0-400807
IRS990/CYSalariesCompEmpBnftPaidAmt01317176
IRS990/CYTotalExpensesAmt02544435
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02143628
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0347905
IRS990/DeferredRevenueGrp/EOYAmt0510961
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt073120
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0292481
IRS990/DepreciationDepletionGrp/TotalAmt0365601
IRS990/Desc0EDUCATIONAL SERVICES TO APPROX. 292 STUDENTS FROM PRE-K TO 12TH GRADE.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt02638156
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt02638156
IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt065
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01710553
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt014311
IRS990/FeesForServicesAccountingGrp/TotalAmt014311
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt013177
IRS990/FeesForServicesLegalGrp/TotalAmt013177
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt045918
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt05850
IRS990/FeesForServicesOtherGrp/TotalAmt051768
IRS990/ForeignActivitiesInd0false
IRS990/ForeignAddress/AddressLine1Txt010 ACADEMY DRIVE PALMAS DEL MAR
IRS990/ForeignAddress/CityNm0HUMACAO
IRS990/ForeignAddress/CountryCd0RQ
IRS990/ForeignAddress/ForeignPostalCd000791
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/PersonNm0GIOVANNA BALAGER
IRS990/Form990PartVIISectionAGrp/PersonNm1BERTA G BULL
IRS990/Form990PartVIISectionAGrp/PersonNm2REBECCA RODRGUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm3GINA LULIANY
IRS990/Form990PartVIISectionAGrp/PersonNm4HCTOR R APONTE
IRS990/Form990PartVIISectionAGrp/PersonNm5ISMAEL SUREZ HERRERO
IRS990/Form990PartVIISectionAGrp/PersonNm6JUAN JOS RIVERA
IRS990/Form990PartVIISectionAGrp/PersonNm7ELIZABETH SALDAA SCHIMER
IRS990/Form990PartVIISectionAGrp/PersonNm8LUIS E LAGUNA MIMOSO
IRS990/Form990PartVIISectionAGrp/PersonNm9ANTONIO L MEDINA COMAS
IRS990/Form990PartVIISectionAGrp/PersonNm10FLIX HUERTAS GONZLEZ
IRS990/Form990PartVIISectionAGrp/PersonNm11TYSON HENDRICKSEN
IRS990/Form990PartVIISectionAGrp/PersonNm12JOS M ENCARNACIN
IRS990/Form990PartVIISectionAGrp/PersonNm13HARRY COOK
IRS990/Form990PartVIISectionAGrp/PersonNm14RICARDO CASILLAS
IRS990/Form990PartVIISectionAGrp/PersonNm15LIDIA A VERSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1583959
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15HEAD OF SCHO
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01992
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingAmt04647
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02176363
IRS990/GrossSalesOfInventoryAmt055975
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt015
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt017524
IRS990/InsuranceGrp/ProgramServicesAmt070097
IRS990/InsuranceGrp/TotalAmt087621
IRS990/InterestGrp/ManagementAndGeneralAmt075413
IRS990/InterestGrp/ProgramServicesAmt0301652
IRS990/InterestGrp/TotalAmt0377065
IRS990/InventoriesForSaleOrUseGrp/BOYAmt039317
IRS990/InventoriesForSaleOrUseGrp/EOYAmt045835
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt04195
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04195
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05537898
IRS990/LandBldgEquipBasisNetGrp/BOYAmt09442764
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09108216
IRS990/LandBldgEquipCostOrOtherBssAmt014646114
IRS990/LegalDomicileCountryCd0RQ
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0EDUCATIONAL SERVICES TO APPROX. 292 STUDENTS FROM PRE-K TO 12TH GRADE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02337873
IRS990/NetAssetsOrFundBalancesEOYAmt01937066
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt023240
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-300283
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-701090
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09501
IRS990/OfficeExpensesGrp/ProgramServicesAmt07582
IRS990/OfficeExpensesGrp/TotalAmt017083
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt016450
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt024300
IRS990/OtherEmployeeBenefitsGrp/TotalAmt040750
IRS990/OtherExpensesGrp/Desc0REPAIR AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2BANCK CHARGES
IRS990/OtherExpensesGrp/Desc3SCHOOL ACTIVITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt026038
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt113392
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt28104
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt315276
IRS990/OtherExpensesGrp/ProgramServicesAmt0104151
IRS990/OtherExpensesGrp/ProgramServicesAmt153569
IRS990/OtherExpensesGrp/ProgramServicesAmt232418
IRS990/OtherExpensesGrp/ProgramServicesAmt39884
IRS990/OtherExpensesGrp/TotalAmt0130189
IRS990/OtherExpensesGrp/TotalAmt166961
IRS990/OtherExpensesGrp/TotalAmt240522
IRS990/OtherExpensesGrp/TotalAmt325160
IRS990/OtherRevenueMiscGrp/Desc0TECHNOLOGY AND OTHER FEES
IRS990/OtherRevenueMiscGrp/Desc1GRADUATION AND OTHER
IRS990/OtherRevenueMiscGrp/Desc2PR DE RESTART AID COVID 19
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt072867
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt150081
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt241281
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt072867
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt150081
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt241281
IRS990/OtherRevenueTotalAmt0164229
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0430818
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0720921
IRS990/OtherSalariesAndWagesGrp/TotalAmt01151739
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt046640
IRS990/PayrollTaxesGrp/ProgramServicesAmt078047
IRS990/PayrollTaxesGrp/TotalAmt0124687
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt031251
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt022304
IRS990/PrincipalOfficerNm0GIOVANNA BALAGER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1REGISTRATION AND APPLIC. FEES
IRS990/ProgramServiceRevenueGrp/Desc2BUILDING FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01592248
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1210281
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2124428
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01592248
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1210281
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2124428
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt023145
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt04036
IRS990/PYOtherExpensesAmt01442736
IRS990/PYOtherRevenueAmt0378593
IRS990/PYProgramServiceRevenueAmt02412362
IRS990/PYRevenuesLessExpensesAmt0-52680
IRS990/PYSalariesCompEmpBnftPaidAmt01428080
IRS990/PYTotalExpensesAmt02870816
IRS990/PYTotalRevenueAmt02818136
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-400807
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02095381
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0158480
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0158518
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt04912245
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04266162
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09178407
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0103156
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0103156
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0103156
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0103156
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0103156
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0103156
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0114473
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0103156
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt011317
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0114431
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0114473
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt042
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0271309
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01139039
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01410348
IRS990ScheduleD/ExpensesNotReportedAmt032735
IRS990ScheduleD/ExpensesSubtotalAmt02544435
IRS990ScheduleD/LandGrp/BookValueAmt03885404
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03885404
IRS990ScheduleD/OtherExpensesIncludedAmt032735
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt039258
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0132697
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0171955
IRS990ScheduleD/OtherRevenueAmt032735
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt032735
IRS990ScheduleD/RevenueSubtotalAmt02143628
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COST OF SCHOOL MATERIALS SOLD PRESENTED IN REVENUE SEC. 32,735
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF SCHOOL MATERIALS SOLD PRESENTED IN REVENUE SEC. 32,735
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09108216
IRS990ScheduleD/TotalExpensesPerForm990Amt02544435
IRS990ScheduleD/TotalRevenuePerForm990Amt02143628
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02176363
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02577170
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL MEMBERS OF THE GOVERNING BODY VOTE AND DECIDE TO ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DECISIONS OF THE GOVERNING BODY ARE APPROVED BY THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FINANCE COMMITTEE REVIEW THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF FORM 990 AND ALL GOVERNING DOCUMENTS ARE AVAILABLE IN THE ACCOUNTING DEPARTMENT'S OFFICE FOR PUBLIC REVIEW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COST OF SCHOOL MATERIALS SOLD PRESENTED IN REVENUE SEC. 32,735 COST OF SCHOOL MATERIALS SOLD PRESENTED IN REVENUE SEC. -32,735
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,746,233
Liabilities
$8,809,167
Net assets
$1,937,066
Revenue
$2,143,628
Expenses
$2,544,435
Net income
-$400,807
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.7$8.55$2.11$5.38$5.77$0.39
2023Detailed filing. Detailed filing data is available for this year.$10.8$8.32$2.50$4.62$4.45$0.17
2022Detailed filing. Detailed filing data is available for this year.$10.6$8.30$2.32$3.68$3.30$0.38
2021Detailed filing. Detailed filing data is available for this year.$10.7$8.81$1.94$2.14$2.54$0.40
2020Detailed filing. Detailed filing data is available for this year.$10.9$8.52$2.34$2.82$2.87$0.05
2019Summary only. Only limited summary data is available for this year.$10.9$8.48$2.39$2.87$2.91$0.04
2018Summary only. Only limited summary data is available for this year.$11.2$8.73$2.43$2.85$3.20$0.34
2017Summary only. Only limited summary data is available for this year.$11.8$9.05$2.77$3.61$3.51$0.10
2016Summary only. Only limited summary data is available for this year.$11.8$9.10$2.67$3.42$3.40$0.03
2015Summary only. Only limited summary data is available for this year.$11.8$9.16$2.65$3.35$3.18$0.17
2014Summary only. Only limited summary data is available for this year.$11.7$9.26$2.48$3.01$3.06$0.05
2013Summary only. Only limited summary data is available for this year.$11.9$9.36$2.53$3.21$3.26$0.05
2012Summary only. Only limited summary data is available for this year.$12.1$9.51$2.58$3.21$3.24$0.03
2011Summary only. Only limited summary data is available for this year.$12.2$9.58$2.61$3.06$3.14$0.08