Civic Intelligence

Monteclaro Inc

990 • Fiscal year 2017 • EIN 66-0552714

Jul 01, 2016 to Jun 30, 2017 • Filed on Aug 14, 2018

Organization Profilewww.monteclaro.edu
PO Box 447Palmer, PR 00721

(787) 888-1135

Siviq Scores

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

Liabilities / Assets

91st percentile

0.66x

Higher debt load relative to assets than 91% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

95th percentile

0.91x

Higher debt load relative to revenue than 95% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

24th percentile

-9.4%

Higher net margin than 24% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

44th percentile

-0.3%

Faster asset growth than 44% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

67th percentile

14%

Faster revenue growth than 67% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$323,110

Down $848 (-0.3%) from 2016

Net Assets

Down

$109,162

Down $22,219 (-17%) from 2016

Liabilities

Up

$213,948

Up $21,371 (+11%) from 2016

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin24th percentile

Revenue

Up

$236,344

Up $28,315 (+14%) from 2016

Expenses

Up

$258,563

Up $19,416 (+8.1%) from 2016

Net Income

Up

-$22,219

Up $8,899 (+29%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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

$600K$400K$200K$0Assets 2011: $297,555Liabilities 2011: $10,511Net Assets 2011: $287,0442011Assets 2012: $277,302Liabilities 2012: $19,531Net Assets 2012: $257,7712012Assets 2013: $272,078Liabilities 2013: $9,021Net Assets 2013: $263,0572013Assets 2014: $310,636Liabilities 2014: $74,055Net Assets 2014: $236,5812014Assets 2015: $266,142Liabilities 2015: $92,155Net Assets 2015: $173,9872015Assets 2016: $323,958Liabilities 2016: $192,577Net Assets 2016: $131,3812016Assets 2017: $323,110Liabilities 2017: $213,948Net Assets 2017: $109,1622017Assets 2018: $265,302Liabilities 2018: $168,992Net Assets 2018: $96,3102018Assets 2020: $450,836Liabilities 2020: $40,899Net Assets 2020: $409,9372020

Highlighted filing

2017

Assets$323,110
Liabilities$213,948
Net Assets$109,162
Open 2017 Filing

Operations Trend

Revenue Growth67th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $204,087Expenses 2011: $209,627Net Income 2011: -$5,5402011Revenue 2012: $193,335Expenses 2012: $223,176Net Income 2012: -$29,8412012Revenue 2013: $200,388Expenses 2013: $188,692Net Income 2013: $11,6962013Revenue 2014: $234,198Expenses 2014: $215,699Net Income 2014: $18,4992014Revenue 2015: $190,003Expenses 2015: $206,223Net Income 2015: -$16,2202015Revenue 2016: $208,029Expenses 2016: $239,147Net Income 2016: -$31,1182016Revenue 2017: $236,344Expenses 2017: $258,563Net Income 2017: -$22,2192017Revenue 2018: $1,167,714Expenses 2018: $166,587Net Income 2018: $1,001,1272018Revenue 2020: $365,156Expenses 2020: $298,053Net Income 2020: $67,1032020

Highlighted filing

2017

Revenue$236,344
Expenses$258,563
Net Income-$22,219
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Aug 14, 2018
Return Version
2016v3.0
Gross Receipts
$236,344
Mission and Program Overview

Mission

Provide women with a technical and holistic education for the development of the skills in the professional field of hospitality by means of programs of hospitali

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$237,843$242,538▲ $4,695
Investments in Publicly Traded Securities$59,653$50,800▼ $8,853
Cash and Non-Interest-Bearing Accounts$8,669$16,756▲ $8,087
Inventories for Sale or Use$11,491$10,807▼ $684
Accounts Receivable$2,177$1,759▼ $418
Prepaid Expenses and Deferred Charges$4,125$450▼ $3,675
Total Assets$323,958$323,110▼ $848
Liabilities
Unsecured Notes Loans Payable$135,418$139,077▲ $3,659
Accounts Payable and Accrued Expenses$57,159$74,871▲ $17,712
Total Liabilities$192,577$213,948▲ $21,371
Net Assets / Fund Balance
Permanently Rstr Net Assets$175,000$175,000→ $0
Unrestricted Net Assets$-43,619$-65,838▼ $22,219
Total Net Assets Fund Balance$131,381$109,162▼ $22,219
Total Liabilities and Net Assets / Fund Balance$323,958$323,110▼ $848

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$127,085--
Land$82,000--
Equipment$31,253$172,940-
Leasehold Improvements$2,200--
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Magda PadronPresident
Carmen CancelVice President
Solange BeniteMember Vocal
Maria EscandonSecretary
Naida MirandaTreasurer
Lisandra BravoVocal
Revenue and Support

Revenue Composition

Contributions and Grants
$134,315
Program Service Revenue
$94,620
Investment Income
$5,302
Other Revenue
$2,107
All Other Contributions
$109,433
Change in Net Assets
$-22,219

Audited Revenue Reconciliation

Revenue per Audited Statements
$229,519
Revenue Not Reported on Form 990
$6,825
Total Revenue per Audited Statements
$236,344
Total Revenue per Form 990
$229,519
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$169,318
Salaries, Compensation, and Employee Benefits$89,245
Total Fundraising Expense$2,180
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$62,749$18,916-$81,665
Occupancy$40,381$15,426-$55,807
Depreciation Depletion$17,716$932-$17,528
Fees for Services Legal-$13,693-$13,693
Fees for Services Management$8,855--$8,855
Payroll Taxes$4,800$2,031-$6,831
Fees for Service Investment Mgmnt Fees-$6,825-$6,825
Fees for Services Accounting-$5,085-$5,085
Office Expenses$222$4,227-$4,449
Insurance$4,161$237-$4,398
Other Expenses$1,359$1,120-$2,479
Conferences and Meetings$730-$1,340$2,070
Interest-$1,884-$1,884
Advertising--$840$840
Other Employee Benefits-$749-$749
Total Functional Expenses$156,318$101,185$2,180$258,563

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$251,738
Total Expenses per Audited Statements$251,738
Total Expenses per Form 990$251,738
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinner Ticke$13,012$13,012-$13,012
Anniversary$9,500$9,500-$9,500
Total Events$24,882$24,882-$24,882
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Monteclaro Inc
EIN
66-0552714
Phone
7878881135
Address
PO BOX 447, PALMER, PR 00721

Signing Officer

Name
Karla E Rivera Andino
Title
Accountant
Signed
2018-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ana T Garcia
Formed
1997
Legal Domicile
Pr
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
CPA Johmary Melendez
Address
AR 30 AVE LAUREL, BAYAMON, PR 00956
Preparer
CPA Johmary Melendez
Phone
7875452099
Supplemental Narrative

Additional Explanations

Part 1, Line 1

“Monteclaro school of hospitality and culinary arts offers a 1year programs\ that leads to a certificate in hospitality services and started offering an associate degree in august 2015, that have just been approved in the same field as cert”

Part 1, Line 1

“Certificate. The program prepares high school graduates for working in the service area of hotels, restaurants, elderly homes, etc. It is intended to benefit women in the low incom strata, who wants to achieve excellence in the hospitality”

Part 1, Line 1

“Profession. The program will foster the development of the whole person through a carefully balance curriculum which emphasizes service excellence, ethical principles, and the”

Part 1, Line 1

“Value of a job well done. The major objective is to show to these students that a better life comes, not only from economic well being, but also from moral and cultural values”

Part 1, Line 1

“That promote self development. Monteclaro also offers hospi tality services seminars for high school students, interme diate students and continuous educational programs to women”

Part 1, Line 1

“Already working in the hospitality industry and housewives. Usually one day seminars around one topic: pastry making bread making, housework organization, etc.”

Raw XML AppendixShowing 400 of 430 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/BOYAmt057159
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt074871
IRS990/AccountsReceivableGrp/BOYAmt02177
IRS990/AccountsReceivableGrp/EOYAmt01759
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROVIDE WOMEN WITH A TECHNICAL AND HOLISTIC EDUCATION FOR THE DEVELOPMENT OF THE SKILLS IN THE PROFESSIONAL FIELD OF HOSPITALITY BY MEANS OF PROGRAMS OF HOSPITALI
IRS990/AdvertisingGrp/FundraisingAmt0840
IRS990/AdvertisingGrp/TotalAmt0840
IRS990/AllOtherContributionsAmt0109433
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0monteclaro inc
IRS990/BooksInCareOfDetail/PhoneNum07878881125
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0carr 955 km 48
IRS990/BooksInCareOfDetail/USAddress/CityNm0RIO GRANDE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PR
IRS990/BooksInCareOfDetail/USAddress/ZIPCd000745
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt08669
IRS990/CashNonInterestBearingGrp/EOYAmt016756
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt018916
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt062749
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt081665
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/FundraisingAmt01340
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0730
IRS990/ConferencesMeetingsGrp/TotalAmt02070
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0134315
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt05302
IRS990/CYOtherExpensesAmt0169318
IRS990/CYOtherRevenueAmt02107
IRS990/CYProgramServiceRevenueAmt094620
IRS990/CYRevenuesLessExpensesAmt0-22219
IRS990/CYSalariesCompEmpBnftPaidAmt089245
IRS990/CYTotalExpensesAmt0258563
IRS990/CYTotalFundraisingExpenseAmt02180
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0236344
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0932
IRS990/DepreciationDepletionGrp/ProgramServicesAmt017716
IRS990/DepreciationDepletionGrp/TotalAmt017528
IRS990/Desc0tuition revenues and fees expenses provided with title iv financial
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt0157158
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt05085
IRS990/FeesForServicesAccountingGrp/TotalAmt05085
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt013693
IRS990/FeesForServicesLegalGrp/TotalAmt013693
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt08855
IRS990/FeesForServicesManagementGrp/TotalAmt08855
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt06825
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt06825
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form720FiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8886TFiledInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt020
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt210
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt310
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt410
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt510
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0MAGDA PADRON
IRS990/Form990PartVIISectionAGrp/PersonNm1NAIDA MIRANDA
IRS990/Form990PartVIISectionAGrp/PersonNm2MARIA ESCANDON
IRS990/Form990PartVIISectionAGrp/PersonNm3LISANDRA BRAVO
IRS990/Form990PartVIISectionAGrp/PersonNm4SOLANGE BENITE
IRS990/Form990PartVIISectionAGrp/PersonNm5CARMEN CANCEL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3VOCAL
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER VOCAL
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt024882
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantAmt059969
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0236344
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt05302
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt05302
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt06
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0237
IRS990/InsuranceGrp/ProgramServicesAmt04161
IRS990/InsuranceGrp/TotalAmt04398
IRS990/InterestGrp/ManagementAndGeneralAmt01884
IRS990/InterestGrp/TotalAmt01884
IRS990/InventoriesForSaleOrUseGrp/BOYAmt011491
IRS990/InventoriesForSaleOrUseGrp/EOYAmt010807
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt059653
IRS990/InvestmentsPubTradedSecGrp/EOYAmt050800
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0172940
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0237843
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0242538
IRS990/LandBldgEquipCostOrOtherBssAmt0415478
IRS990/LegalDomicileStateCd0PR
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0SEE SCHEDULE O
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0131381
IRS990/NetAssetsOrFundBalancesEOYAmt0109162
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/NondeductibleContriDisclInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt015426
IRS990/OccupancyGrp/ProgramServicesAmt040381
IRS990/OccupancyGrp/TotalAmt055807
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04227
IRS990/OfficeExpensesGrp/ProgramServicesAmt0222
IRS990/OfficeExpensesGrp/TotalAmt04449
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0749
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0749
IRS990/OtherExpensesGrp/Desc0EDUCATIONAL MATERIAL
IRS990/OtherExpensesGrp/Desc1ADMINISTRATION
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08593
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt121467
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21120
IRS990/OtherExpensesGrp/ProgramServicesAmt015345
IRS990/OtherExpensesGrp/ProgramServicesAmt11359
IRS990/OtherExpensesGrp/TotalAmt023938
IRS990/OtherExpensesGrp/TotalAmt121467
IRS990/OtherExpensesGrp/TotalAmt22479
IRS990/OtherRevenueMiscGrp/BusinessCd0611000
IRS990/OtherRevenueMiscGrp/Desc0miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02107
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02107
IRS990/OtherRevenueTotalAmt02107
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02031
IRS990/PayrollTaxesGrp/ProgramServicesAmt04800
IRS990/PayrollTaxesGrp/TotalAmt06831
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0175000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0175000
IRS990/PoliciesReferenceChaptersInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04125
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0450
IRS990/PrincipalOfficerNm0ANA T GARCIA
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611000
IRS990/ProgramServiceRevenueGrp/Desc0TUITION FEE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt094620
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt094620
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt07136
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt07762
IRS990/PYOtherExpensesAmt0185462
IRS990/PYOtherRevenueAmt03429
IRS990/PYProgramServiceRevenueAmt0197464
IRS990/PYRevenuesLessExpensesAmt0-42606
IRS990/PYSalariesCompEmpBnftPaidAmt072935
IRS990/PYTotalExpensesAmt0258397
IRS990/PYTotalRevenueAmt0215791
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-22219
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt094620
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleA/SupportSumAmt00
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/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt031253
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0172940
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0204193
IRS990ScheduleD/ExpensesSubtotalAmt0251738
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt082000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt082000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02200
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt02200
IRS990ScheduleD/NetUnrealizedGainsInvstAmt06825
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0127085
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0127085
IRS990ScheduleD/RevenueNotReportedAmt06825
IRS990ScheduleD/RevenueSubtotalAmt0229519
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0242538
IRS990ScheduleD/TotalExpensesPerForm990Amt0251738
IRS990ScheduleD/TotalRevenuePerForm990Amt0229519
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0236344
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0251738
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0N/A
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0N/A
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNIVERSARY
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0DINNER TICKE
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt09500
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt013012
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt02370
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt024882
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt09500
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt013012
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt02370
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt024882
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt024882
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt02180
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt0-2180
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt02180
IRS990ScheduleG/GamingInformationGrp/OtherDirectExpensesPullTabsAmt02180
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MONTECLARO SCHOOL OF HOSPITALITY AND CULINARY ARTS OFFERS A 1YEAR PROGRAMS\ THAT LEADS TO A CERTIFICATE IN HOSPITALITY SERVICES AND STARTED OFFERING AN ASSOCIATE DEGREE IN AUGUST 2015, THAT HAVE JUST BEEN APPROVED IN THE SAME FIELD AS CERT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CERTIFICATE. THE PROGRAM PREPARES HIGH SCHOOL GRADUATES FOR WORKING IN THE SERVICE AREA OF HOTELS, RESTAURANTS, ELDERLY HOMES, ETC. IT IS INTENDED TO BENEFIT WOMEN IN THE LOW INCOM STRATA, WHO WANTS TO ACHIEVE EXCELLENCE IN THE HOSPITALITY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROFESSION. THE PROGRAM WILL FOSTER THE DEVELOPMENT OF THE WHOLE PERSON THROUGH A CAREFULLY BALANCE CURRICULUM WHICH EMPHASIZES SERVICE EXCELLENCE, ETHICAL PRINCIPLES, AND THE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3VALUE OF A JOB WELL DONE. THE MAJOR OBJECTIVE IS TO SHOW TO THESE STUDENTS THAT A BETTER LIFE COMES, NOT ONLY FROM ECONOMIC WELL BEING, BUT ALSO FROM MORAL AND CULTURAL VALUES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THAT PROMOTE SELF DEVELOPMENT. MONTECLARO ALSO OFFERS HOSPI TALITY SERVICES SEMINARS FOR HIGH SCHOOL STUDENTS, INTERME DIATE STUDENTS AND CONTINUOUS EDUCATIONAL PROGRAMS TO WOMEN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALREADY WORKING IN THE HOSPITALITY INDUSTRY AND HOUSEWIVES. USUALLY ONE DAY SEMINARS AROUND ONE TOPIC: PASTRY MAKING BREAD MAKING, HOUSEWORK ORGANIZATION, ETC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART 1, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART 1, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART 1, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART 1, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART 1, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART 1, LINE 1
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0323958
IRS990/TotalAssetsEOYAmt0323110
IRS990/TotalAssetsGrp/BOYAmt0323958
IRS990/TotalAssetsGrp/EOYAmt0323110
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0134315
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02180
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0101185
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0156318
IRS990/TotalFunctionalExpensesGrp/TotalAmt0258563
IRS990/TotalGrossUBIAmt05302
IRS990/TotalLiabilitiesBOYAmt0192577
IRS990/TotalLiabilitiesEOYAmt0213948
IRS990/TotalLiabilitiesGrp/BOYAmt0192577
IRS990/TotalLiabilitiesGrp/EOYAmt0213948
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0131381
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0109162
IRS990/TotalProgramServiceExpensesAmt0157158
IRS990/TotalProgramServiceRevenueAmt094620
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt096727
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0236344
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt05302
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0323958
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0323110
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-43619
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-65838
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0135418
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0139077
IRS990/USAddress/AddressLine1Txt0PO BOX 447
IRS990/USAddress/CityNm0PALMER
IRS990/USAddress/StateAbbreviationCd0PR
IRS990/USAddress/ZIPCd000721
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.monteclaro.edu
IRS990/WhistleblowerPolicyInd0true
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KARLA E RIVERA ANDINO

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$323,110
Liabilities
$213,948
Net assets
$109,162
Revenue
$236,344
Expenses
$258,563
Net income
-$22,219
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.45$0.04$0.41$0.37$0.30$0.07
2018Summary only. Only limited summary data is available for this year.$0.27$0.17$0.10$1.17$0.17$1.00
2017Detailed filing. Detailed filing data is available for this year.$0.32$0.21$0.11$0.24$0.26$0.02
2016Summary only. Only limited summary data is available for this year.$0.32$0.19$0.13$0.21$0.24$0.03
2015Summary only. Only limited summary data is available for this year.$0.27$0.09$0.17$0.19$0.21$0.02
2014Summary only. Only limited summary data is available for this year.$0.31$0.07$0.24$0.23$0.22$0.02
2013Summary only. Only limited summary data is available for this year.$0.27$0.01$0.26$0.20$0.19$0.01
2012Summary only. Only limited summary data is available for this year.$0.28$0.02$0.26$0.19$0.22$0.03
2011Summary only. Only limited summary data is available for this year.$0.30$0.01$0.29$0.20$0.21$0.01