Civic Intelligence

Initiative for Independent Schooling in Puerto Rico Inc.

990 • Fiscal year 2021 • EIN 66-0725543

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 16, 2022

Organization Profile
PO Box 6161Aguadilla, PR 00603

(787) 969-9911

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.19x

Higher debt load relative to assets than 82% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

80th percentile

0.12x

Higher debt load relative to revenue than 80% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

43rd percentile

4.0%

Higher net margin than 43% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

23rd percentile

-13%

Faster asset growth than 23% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

39th percentile

-7.9%

Faster revenue growth than 39% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$179,860

Down $26,864 (-13%) from 2020

Net Assets

Up

$144,903

Up $12,040 (+9.1%) from 2020

Liabilities

Down

$34,957

Down $38,904 (-53%) from 2020

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin43rd percentile

Revenue

Down

$300,801

Down $25,863 (-7.9%) from 2020

Expenses

Up

$288,761

Up $58,765 (+26%) from 2020

Net Income

Down

$12,040

Down $84,628 (-88%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$300K$200K$100K$0Assets 2011: $26,185Liabilities 2011: $40,3602011Assets 2012: $23,228Liabilities 2012: $42,8412012Assets 2013: $35,716Liabilities 2013: $45,1772013Assets 2014: $25,486Liabilities 2014: $71,8252014Assets 2015: $22,573Liabilities 2015: $42,7292015Assets 2016: $47,824Liabilities 2016: $42,7842016Assets 2017: $55,440Liabilities 2017: $43,456Net Assets 2017: $11,9842017Assets 2018: $77,885Liabilities 2018: $42,878Net Assets 2018: $35,0072018Assets 2019: $74,218Liabilities 2019: $43,729Net Assets 2019: $30,4892019Assets 2020: $206,724Liabilities 2020: $73,861Net Assets 2020: $132,8632020Assets 2021: $179,860Liabilities 2021: $34,957Net Assets 2021: $144,9032021Assets 2023: $89,189Liabilities 2023: $6,047Net Assets 2023: $83,1422023Assets 2024: $100,040Liabilities 2024: $4,780Net Assets 2024: $95,2602024

Highlighted filing

2021

Assets$179,860
Liabilities$34,957
Net Assets$144,903
Open 2021 Filing

Operations Trend

Revenue Growth39th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $73,162Expenses 2011: $74,286Net Income 2011: -$1,1242011Revenue 2012: $88,786Expenses 2012: $94,224Net Income 2012: -$5,4382012Revenue 2013: $148,499Expenses 2013: $138,347Net Income 2013: $10,1522013Revenue 2014: $127,527Expenses 2014: $162,628Net Income 2014: -$35,1012014Revenue 2015: $142,338Expenses 2015: $140,371Net Income 2015: $1,9672015Revenue 2016: $217,447Expenses 2016: $188,464Net Income 2016: $28,9832016Revenue 2017: $235,981Expenses 2017: $229,037Net Income 2017: $6,9442017Revenue 2018: $272,395Expenses 2018: $249,372Net Income 2018: $23,0232018Revenue 2019: $297,669Expenses 2019: $302,186Net Income 2019: -$4,5172019Revenue 2020: $326,664Expenses 2020: $229,996Net Income 2020: $96,6682020Revenue 2021: $300,801Expenses 2021: $288,761Net Income 2021: $12,0402021Revenue 2023: $439,576Expenses 2023: $442,980Net Income 2023: -$3,4042023Revenue 2024: $485,677Expenses 2024: $473,559Net Income 2024: $12,1182024

Highlighted filing

2021

Revenue$300,801
Expenses$288,761
Net Income$12,040
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 16, 2022
Return Version
2021v4.1
Gross Receipts
$300,801
Mission and Program Overview

Mission

To offer several programs inspired by the Waldorf pedagogy system to ensure a correct learning process for our children and a successful academic achievement.

Educational Services

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$139,992$103,777▼ $36,215
Land, Buildings, and Equipment, Net$63,835$73,186▲ $9,351
Accounts Receivable$2,897$2,897→ $0
Total Assets$206,724$179,860▼ $26,864
Liabilities
Mortgage Notes Payable Secured by Investment Property$71,460$30,000▼ $41,460
Accounts Payable and Accrued Expenses$2,401$4,957▲ $2,556
Total Liabilities$73,861$34,957▼ $38,904
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$132,863$144,903▲ $12,040
Total Net Assets Fund Balance$132,863$144,903▲ $12,040
Total Liabilities and Net Assets / Fund Balance$206,724$179,860▼ $26,864

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$56,518$19,537-
Equipment$3,794$7,886-
Leasehold Improvements$12,874$7,548-
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Margaret MayerPresident
Arilena MorganVice President
Keisha CarabalSecretary
Steve BloodTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$52,075
Program Service Revenue
$248,726
Investment Income
$0
Other Revenue
$0
All Other Contributions
$20,975
Change in Net Assets
$12,040
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$184,483
Other Expenses$104,278
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$147,613$18,693-$166,306
Fees for Services Other$28,905--$28,905
Payroll Taxes$16,369$1,808-$18,177
Other Expenses$10,108$14,431-$14,431
Depreciation Depletion-$8,362-$8,362
Fees for Services Accounting-$6,100-$6,100
Office Expenses-$3,561-$3,561
Total Functional Expenses$214,945$73,816$0$288,761
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Filing and Contact Details

Filer

Filer Name
Initiative for Independent Sch
EIN
66-0725543
Address
PO BOX 6161, AGUADILLA, PR 00603

Signing Officer

Name
Margaret Mayers
Title
President
Phone
7878900339
Signed
2022-06-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Margaret Mayer
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
CPA Ramon Trabal Rios & Asoc
Address
HC 56 Box 5006, AGUADA, PR 00602
Preparer
Ramon Trabal Rios
Phone
7879699911
Supplemental Narrative

Additional Explanations

Part IV-B-12C

“The secretary of the board document the monthly meetings of the board of directors in minutes.”

Raw XML Appendix320 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SECRETARY OF THE BOARD DOCUMENT THE MONTHLY MEETINGS OF THE BOARD OF DIRECTORS IN MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV-B-12C
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CPA Ramon Trabal Rios & Asoc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0HC 56 Box 5006
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AGUADA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd000602
ReturnHeader/PreparerPersonGrp/PhoneNum07879699911
ReturnHeader/PreparerPersonGrp/PreparationDt02022-06-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Ramon Trabal Rios
ReturnHeader/ReturnTs02022-06-16T17:36:02-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ARILENA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MORGAN
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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Filings

Displayed year

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

Open filing
Assets
$179,860
Liabilities
$34,957
Net assets
$144,903
Revenue
$300,801
Expenses
$288,761
Net income
$12,040
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.05$0.95$4.86$4.74$0.12
2023Detailed filing. Detailed filing data is available for this year.$0.89$0.06$0.83$4.40$4.43$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.80$0.35$1.45$3.01$2.89$0.12
2020Detailed filing. Detailed filing data is available for this year.$2.07$0.74$1.33$3.27$2.30$0.97
2019Detailed filing. Detailed filing data is available for this year.$0.74$0.44$0.30$2.98$3.02$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.78$0.43$0.35$2.72$2.49$0.23
2017Detailed filing. Detailed filing data is available for this year.$0.55$0.43$0.12$2.36$2.29$0.07
2016Summary only. Only limited summary data is available for this year.$0.48$0.43$2.17$1.88$0.29
2015Summary only. Only limited summary data is available for this year.$0.23$0.43$1.42$1.40$0.02
2014Summary only. Only limited summary data is available for this year.$0.25$0.72$1.28$1.63$0.35
2013Summary only. Only limited summary data is available for this year.$0.36$0.45$1.48$1.38$0.10
2012Summary only. Only limited summary data is available for this year.$0.23$0.43$0.89$0.94$0.05
2011Summary only. Only limited summary data is available for this year.$0.26$0.40$0.73$0.74$0.01