Civic Intelligence

Instituto Nueva Escuela

EIN 66-0725105 • 501(c)3 • San Juan, PR

Profile

To accompany, train and serve communities in Puerto Rico through public Montessori education to develop prepared human beings that contribute to the common good.

1101 Ponce DE Leon AveSan Juan, PR 00925

www.inepr.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

54th percentile

0.21x

Higher debt load relative to assets than 54% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

25th percentile

0.07x

Higher debt load relative to revenue than 25% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

61st percentile

9.7%

Higher net margin than 61% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

93rd percentile

54%

Faster asset growth than 93% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

75th percentile

24%

Faster revenue growth than 75% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$3,499,113

Up $1,224,217 (+54%) from 2023

Liabilities

Up

$746,140

Up $155,433 (+26%) from 2023

Net Assets

Up

$2,752,973

Up $1,068,784 (+63%) from 2023

Operations
Liabilities / Revenue25th percentileNet Margin61st percentile

Revenue

Up

$10,642,279

Up $2,025,166 (+24%) from 2023

Expenses

Up

$9,607,883

Up $176,996 (+1.9%) from 2023

Net Income

Up

$1,034,396

Up $1,848,170 (+227%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth93rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2009: $195,004Liabilities 2009: $60,723Net Assets 2009: $134,2812009Assets 2010: $211,994Liabilities 2010: $33,847Net Assets 2010: $178,1472010Assets 2011: $278,225Liabilities 2011: $71,813Net Assets 2011: $206,4122011Assets 2012: $210,173Liabilities 2012: $61,984Net Assets 2012: $148,1892012Assets 2014: $4,378,132Liabilities 2014: $3,115,839Net Assets 2014: $1,262,2932014Assets 2015: $1,224,852Liabilities 2015: $490,101Net Assets 2015: $734,7512015Assets 2016: $2,534,575Liabilities 2016: $1,422,629Net Assets 2016: $1,111,9462016Assets 2017: $1,958,636Liabilities 2017: $309,306Net Assets 2017: $1,649,3302017Assets 2018: $1,619,608Liabilities 2018: $233,312Net Assets 2018: $1,386,2962018Assets 2019: $2,427,572Liabilities 2019: $447,605Net Assets 2019: $1,979,9672019Assets 2020: $3,046,634Liabilities 2020: $1,063,312Net Assets 2020: $1,983,3222020Assets 2021: $3,075,578Liabilities 2021: $581,501Net Assets 2021: $2,494,0772021Assets 2022: $3,117,282Liabilities 2022: $619,319Net Assets 2022: $2,497,9632022Assets 2023: $2,274,896Liabilities 2023: $590,707Net Assets 2023: $1,684,1892023Assets 2024: $3,499,113Liabilities 2024: $746,140Net Assets 2024: $2,752,9732024

Highlighted filing

2024

Assets$3,499,113
Liabilities$746,140
Net Assets$2,752,973
Open 2024 Filing

Operations Trend

Revenue Growth75th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2009: $385,303Expenses 2009: $251,022Net Income 2009: $134,2812009Revenue 2010: $453,657Expenses 2010: $409,791Net Income 2010: $43,8662010Revenue 2011: $436,393Expenses 2011: $408,126Net Income 2011: $28,2672011Revenue 2012: $700,941Expenses 2012: $424,664Net Income 2012: $276,2772012Revenue 2014: $3,793,116Expenses 2014: $2,992,436Net Income 2014: $800,6802014Revenue 2015: $3,671,293Expenses 2015: $4,198,835Net Income 2015: -$527,5422015Revenue 2016: $3,738,404Expenses 2016: $3,361,209Net Income 2016: $377,1952016Revenue 2017: $4,070,633Expenses 2017: $3,533,249Net Income 2017: $537,3842017Revenue 2018: $4,463,116Expenses 2018: $4,746,111Net Income 2018: -$282,9952018Revenue 2019: $6,576,349Expenses 2019: $6,032,489Net Income 2019: $543,8602019Revenue 2020: $5,559,431Expenses 2020: $5,556,076Net Income 2020: $3,3552020Revenue 2021: $8,465,266Expenses 2021: $7,959,058Net Income 2021: $506,2082021Revenue 2022: $7,952,642Expenses 2022: $7,948,756Net Income 2022: $3,8862022Revenue 2023: $8,617,113Expenses 2023: $9,430,887Net Income 2023: -$813,7742023Revenue 2024: $10,642,279Expenses 2024: $9,607,883Net Income 2024: $1,034,3962024

Highlighted filing

2024

Revenue$10,642,279
Expenses$9,607,883
Net Income$1,034,396
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,499,113
Liabilities
$746,140
Net assets
$2,752,973
Revenue
$10,642,279
Expenses
$9,607,883
Net income
$1,034,396
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.50$0.75$2.75$10.6$9.61$1.03
2023Detailed filing. Detailed filing data is available for this year.$2.27$0.59$1.68$8.62$9.43$0.81
2022Detailed filing. Detailed filing data is available for this year.$3.12$0.62$2.50$7.95$7.95$0.00
2021Detailed filing. Detailed filing data is available for this year.$3.08$0.58$2.49$8.47$7.96$0.51
2020Detailed filing. Detailed filing data is available for this year.$3.05$1.06$1.98$5.56$5.56$0.00
2019Detailed filing. Detailed filing data is available for this year.$2.43$0.45$1.98$6.58$6.03$0.54
2018Detailed filing. Detailed filing data is available for this year.$1.62$0.23$1.39$4.46$4.75$0.28
2017Detailed filing. Detailed filing data is available for this year.$1.96$0.31$1.65$4.07$3.53$0.54
2016Summary only. Only limited summary data is available for this year.$2.53$1.42$1.11$3.74$3.36$0.38
2015Summary only. Only limited summary data is available for this year.$1.22$0.49$0.73$3.67$4.20$0.53
2014Summary only. Only limited summary data is available for this year.$4.38$3.12$1.26$3.79$2.99$0.80
2012Summary only. Only limited summary data is available for this year.$0.21$0.06$0.15$0.70$0.42$0.28
2011Summary only. Only limited summary data is available for this year.$0.28$0.07$0.21$0.44$0.41$0.03
2010Summary only. Only limited summary data is available for this year.$0.21$0.03$0.18$0.45$0.41$0.04
2009Summary only. Only limited summary data is available for this year.$0.20$0.06$0.13$0.39$0.25$0.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$10,642,279
Mission and Program Overview

Mission

The Instituto Nueva Escuela (INE) has been established as a non profit corporation, for charitable purposes to disseminate the Montesori system principles to teachers.

To disseminate the Montessori system principles for the benefit of children and the Puerto Rico system education through educational services to teachers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,640,457$2,397,719▲ $757,262
Investments in Publicly Traded Securities$398,399$410,486▲ $12,087
Accounts Receivable$140,763$349,376▲ $208,613
Land, Buildings, and Equipment, Net$28,827$255,273▲ $226,446
Intangible Assets$32,995$44,688▲ $11,693
Prepaid Expenses and Deferred Charges$33,455$41,571▲ $8,116
Total Assets$2,274,896$3,499,113▲ $1,224,217
Liabilities
Accounts Payable and Accrued Expenses$108,908$467,361▲ $358,453
Other Liabilities$295,580$178,028▼ $117,552
Deferred Revenue$186,219$100,751▼ $85,468
Total Liabilities$590,707$746,140▲ $155,433
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,190,271$1,436,099▲ $245,828
Net Assets With Donor Restrictions$493,918$1,316,874▲ $822,956
Total Net Assets Fund Balance$1,684,189$2,752,973▲ $1,068,784
Total Liabilities and Net Assets / Fund Balance$2,274,896$3,499,113▲ $1,224,217

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$215,577$6,795$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$39,696$11,031$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Raul Aponte HernandezPresident
Michelle Carlo ArraizaSecretary
Carlos Del RioVocal
Ivis NegronVocal
Janice PetrovichVocal
Juan Pablo GonzalezVocal
Sandra BorresVocal
Revenue and Support

Revenue Composition

Contributions and Grants
$10,519,031
Program Service Revenue
$123,248
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,934,325
Change in Net Assets
$1,034,396

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$222,372Fair Market Value
Total Noncash Contributions1$222,372-

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,642,279
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$34,388
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$10,676,667
Total Revenue per Form 990
$10,642,279
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,727,100
Other Expenses$1,880,783
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,520,211$1,457,603-$6,977,814
Payroll Taxes$659,793$89,493-$749,286
Fees for Services Management$504,508$117,704-$622,212
All Other Expenses$83,952$84,316-$168,268
Office Expenses$94,273$17,614-$111,887
Insurance-$44,345-$44,345
Fees for Services Accounting-$24,854-$24,854
Other Expenses$0$20,182$0$20,182
Depreciation Depletion-$14,275-$14,275
Fees for Services Other-$9,020-$9,020
Total Functional Expenses$7,600,984$2,006,899$0$9,607,883

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,607,883
Total Expenses per Audited Statements$9,607,883
Total Expenses per Form 990$9,607,883
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Montessori Fest$58,816$58,816$0$58,816
Plataforma Global Giver$23,382$23,382$0$23,382
Total Events$92,413$92,413$0$92,413
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll and Taxes$97,649
Accrued Expenses - Other$35,691
Current Portion of Operating Lease Liability$32,797
Operating Lease Liability Net of Current Portion$11,891
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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 B, Line 11B

“This form is prepared by a certified public accountant and then reviewed and signed by the treasurer of the organization.”

Form 990, Part VI, Section B, Line 15

“The process to determine the compensation of the executive director starts with an evaluation and recomendation of the boards of directors of instituto nueva escuela. On the presentation to the board of the budget for the next fiscal year, the board informs about any change related to compensation of the executive director. For the compensation of key employees, the evaluation process is done by the leader of each area. They recomended to the executive director; wich determine wich position will be presented in the budget for the next fiscal year. Then the board approve the compensation.”

Form 990, Part VI, Section C, Line 19

“The organization make its financial statements avaliable to the public by filling a non-profitable corporate annual report with the puerto rico state department.”

Filing and Contact Details

Filer

Filer Name
Instituto Nueva Escuela
EIN
66-0725105
Phone
7877587766
Address
1101 PONCE DE LEON AVE, SAN JUAN, PR 00925

Signing Officer

Name
Raul Aponte Hernandez
Title
Presidente
Phone
7877587766
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Raul Aponte Hernandez
Formed
2008
Legal Domicile
Pr
Voting Board Members
7
Independent Board Members
7
Employees
438
Volunteers
441

Preparer

Firm
De Angel & Compania CPA LLC
Address
PO BOX 5460, CAGUAS, PR 00726
Preparer
Carlos De Angel
Phone
7877584428
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2

“The Institution has adopted FASB Interpretation (FIN) No. 48, "Accounting for Uncertainty in Income Taxes" - an interpretation of ASC No. 740, which is an accounting standard that prescribes a more likely-than-not threshold for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. This interpretation also provides guidance on the recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax position and income tax disclosures. The Institution's policy for interest and penalties related to income tax exposures is to recognize interest and penalties as a component of the provision for income taxes in the Statement of Activities and Changes in Net Assets. As of June 30, 2024, the Institution believes that there are no uncertain tax positions and has no accrued income tax related interest and/or penalties in the accompanying Statement of Financial Position. The Institution is exempt from Puerto Rico and U.S. Federal income taxes under the provisions of Section 1101 of the Puerto Rico Internal Revenue Code of 2011, as amended, and Section 501(c) (3) of the U.S. Internal Revenue Code, respectively. Management has analyzed tax positions taken for filing with the Internal Revenue Service and with the Puerto Rico jurisdiction. Management believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the Institution's financial condition, results of activities, or cash flows. Accordingly, no provision for income taxes has been recorded in the accompanying financial statements. However, if applicable, income from unrelated business activities would be taxable. The Institution earned no such income during the years ended June 30, 2024. All required informative returns up to the fiscal year ended June 30, 2024, have been filed by the Institution.”

Raw XML AppendixShowing 400 of 544 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.

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IRS990/LocalChaptersInd00
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To accompany, train and serve communities in Puerto Rico through public Montessori education to develop prepared human beings that contribute to the common good.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01436099
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IRS990/OfficeExpensesGrp/ProgramServicesAmt094273
IRS990/OfficeExpensesGrp/TotalAmt0111887
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IRS990/OtherExpensesGrp/Desc0MATERIALS
IRS990/OtherExpensesGrp/Desc1REPAIR AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2RENTAL & UTILITIES
IRS990/OtherExpensesGrp/Desc3LICENSES & BAD DEBT
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IRS990/OtherExpensesGrp/FundraisingAmt20
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt112874
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt291272
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IRS990/OtherExpensesGrp/ProgramServicesAmt0738247
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IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt0761594
IRS990/OtherExpensesGrp/TotalAmt112874
IRS990/OtherExpensesGrp/TotalAmt291272
IRS990/OtherExpensesGrp/TotalAmt320182
IRS990/OtherLiabilitiesGrp/BOYAmt0295580
IRS990/OtherLiabilitiesGrp/EOYAmt0178028
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01457603
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05520211
IRS990/OtherSalariesAndWagesGrp/TotalAmt06977814
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt089493
IRS990/PayrollTaxesGrp/ProgramServicesAmt0659793
IRS990/PayrollTaxesGrp/TotalAmt0749286
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt033455
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt041571
IRS990/PrincipalOfficerNm0RAUL APONTE HERNANDEZ
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IRS990/ProgramServiceRevenueGrp/Desc0TUITION WORKSHOP & OTHER
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IRS990/PYSalariesCompEmpBnftPaidAmt07380038
IRS990/PYTotalExpensesAmt09430887
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08617113
IRS990/ReconcilationRevenueExpnssAmt01034396
IRS990/RegularMonitoringEnfrcInd00
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IRS990/RentalIncomeOrLossGrp/RealAmt00
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IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt010642279
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
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IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Unrealized Gain on investments.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part III, Line 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt010519031
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt08492091
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt07707645
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt07674210
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt05398182
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt039791159
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0123248
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0125022
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt088438
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0128884
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0161249
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0626841
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/InvestmentIncomePYPct00
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97933
IRS990ScheduleA/PublicSupportPY509Pct00.97795
IRS990ScheduleA/PublicSupportTotal509Amt040418000
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt010642279
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt08617113
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt07796083
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt07803094
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt05559431
IRS990ScheduleA/Total509Grp/TotalAmt040418000
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt07952642
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt08465266
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt05559431
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt041271119
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0215577
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06795
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0222372
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt039696
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011031
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt050727
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IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt232797
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL AND TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED EXPENSES - OTHER
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CURRENT PORTION OF OPERATING LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3OPERATING LEASE LIABILITY NET OF CURRENT PORTION
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Institution has adopted FASB Interpretation (FIN) No. 48, "Accounting for Uncertainty in Income Taxes" - an interpretation of ASC No. 740, which is an accounting standard that prescribes a more likely-than-not threshold for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. This interpretation also provides guidance on the recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax position and income tax disclosures. The Institution's policy for interest and penalties related to income tax exposures is to recognize interest and penalties as a component of the provision for income taxes in the Statement of Activities and Changes in Net Assets. As of June 30, 2024, the Institution believes that there are no uncertain tax positions and has no accrued income tax related interest and/or penalties in the accompanying Statement of Financial Position. The Institution is exempt from Puerto Rico and U.S. Federal income taxes under the provisions of Section 1101 of the Puerto Rico Internal Revenue Code of 2011, as amended, and Section 501(c) (3) of the U.S. Internal Revenue Code, respectively. Management has analyzed tax positions taken for filing with the Internal Revenue Service and with the Puerto Rico jurisdiction. Management believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the Institution's financial condition, results of activities, or cash flows. Accordingly, no provision for income taxes has been recorded in the accompanying financial statements. However, if applicable, income from unrelated business activities would be taxable. The Institution earned no such income during the years ended June 30, 2024. All required informative returns up to the fiscal year ended June 30, 2024, have been filed by the Institution.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0255273
IRS990ScheduleD/TotalExpensesPerForm990Amt09607883
IRS990ScheduleD/TotalLiabilityAmt0178028
IRS990ScheduleD/TotalRevenuePerForm990Amt010642279
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010676667
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09607883
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent2Amt00

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