ESPERANZA ACADEMY INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: ESPERANZA ACADEMY INC (EIN 73-1722348)
Tax period: 2020-07-01 to 2021-06-30
Filed: 2021-11-12
IRS object ID: 202143169349311374
Schema version: 2020v4.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule E
Schedule J
Schedule M
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-11-12T16:09:17-06:00	ReturnTs
Tax Period End	2021-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	042571780	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	AAFCPAS INC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	50 WASHINGTON STREET	AddressLine1Txt
City	WESTBOROUGH	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	01581	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2020-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	731722348	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ESPERANZA ACADEMY INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	ESPE	BusinessNameControlTxt
Phone	9786864673	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	198 GARDEN STREET	AddressLine1Txt
City	LAWRENCE	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	01840	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JADIHEL TAVERAS	PersonNm
Person Title	HEAD OF SCHOOL	PersonTitleTxt
Phone	9786864673	PhoneNum
Signature	2021-11-11	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	JADIHEL	PersonFirstNm
Person Last	TAVERAS	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	DAVID KELLEHER CPA	PreparerPersonNm
PTIN	P01059560	PTIN
Phone	5083669100	PhoneNum
Preparation	2021-11-11	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	JADIHEL TAVERAS	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	198 GARDEN STREET	AddressLine1Txt
City	LAWRENCE	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	01840	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$3,558,273	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	ESPERANZAACADEMY.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2004	FormationYr
Legal Domicile State	MA	LegalDomicileStateCd
Activity Or Mission	ESPERANZA ACADEMY, INC. (THE ACADEMY) IS A TUITION-FREE, INDEPENDENT MIDDLE SCHOOL IN THE EPISCOPAL TRADITION WELCOMING GIRLS OF DIVERSE FAITHS, RACES, AND CULTURES FROM LAWRENCE, MASSACHUSETTS. THE SCHOOL INSPIRES STUDENTS TO BECOME ACTIVE LEARNERS AND RESPONSIBLE GLOBAL CITIZENS. WE EMPOWER AND PREPARE OUR GIRLS TO MEET CHALLENGES WITH COURAGE, INTEGRITY, AND RESPECT.	ActivityOrMissionDesc
Voting Members Governing Body	19	VotingMembersGoverningBodyCnt
Voting Members Independent	19	VotingMembersIndependentCnt
Total Employee	31	TotalEmployeeCnt
Total Volunteers	75	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$2,023,136	PYContributionsGrantsAmt
CY Contributions Grants	$2,360,167	CYContributionsGrantsAmt
PY Program Service Revenue	$13,900	PYProgramServiceRevenueAmt
CY Program Service Revenue	$14,780	CYProgramServiceRevenueAmt
PY Investment Income	$82,601	PYInvestmentIncomeAmt
CY Investment Income	$250,447	CYInvestmentIncomeAmt
PY Other Revenue	-$14,108	PYOtherRevenueAmt
CY Other Revenue	$5,310	CYOtherRevenueAmt
PY Total Revenue	$2,105,529	PYTotalRevenueAmt
CY Total Revenue	$2,630,704	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$1,475,247	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$1,637,347	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$493,557	CYTotalFundraisingExpenseAmt
PY Other Expenses	$643,732	PYOtherExpensesAmt
CY Other Expenses	$639,606	CYOtherExpensesAmt
PY Total Expenses	$2,118,979	PYTotalExpensesAmt
CY Total Expenses	$2,276,953	CYTotalExpensesAmt
PY Revenues Less Expenses	-$13,450	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$353,751	CYRevenuesLessExpensesAmt
Total Assets BOY	$4,356,507	TotalAssetsBOYAmt
Total Assets EOY	$5,000,167	TotalAssetsEOYAmt
Total Liabilities BOY	$334,282	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$430,301	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$4,022,225	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$4,569,866	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	THE ACADEMY IS A TUITION-FREE, INDEPENDENT MIDDLE SCHOOL IN THE EPISCOPAL TRADITION WELCOMING GIRLS OF DIVERSE FAITHS, RACES, AND CULTURES FROM LAWRENCE, MASSACHUSETTS. THE SCHOOL INSPIRES STUDENTS TO BECOME ACTIVE LEARNERS AND RESPONSIBLE GLOBAL CITIZENS. WE EMPOWER AND PREPARE OUR GIRLS TO MEET CHALLENGES WITH COURAGE, INTEGRITY, AND RESPECT.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$1,583,417	ExpenseAmt
Revenue	$20,090	RevenueAmt
Desc	TO PROVIDE A TUITION-FREE MIDDLE SCHOOL TO ECONOMICALLY DISADVANTAGED GIRLS FROM LAWRENCE, MASSACHUSETTS. ANNUAL ENROLLMENT TOTALS APPROXIMATELY 60 GIRLS.	Desc
Total Program Service Expenses	$1,583,417	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (1)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	Yes (1)	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	Yes (1)	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	15	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	31	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	19	GoverningBodyVotingMembersCnt
Independent Voting Member	19	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	MA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	JADIHEL TAVERAS	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	9786864673	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	198 GARDEN STREET	AddressLine1Txt
City	LAWRENCE	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	01840	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
SARAH NEWTON
PRESIDENT (TERM ENDED)	5.00	Yes (X)	Yes (X)	$0	$0	$0
CATHY PERRON EATON
VICE PRESIDENT	5.00	Yes (X)	Yes (X)	$0	$0	$0
THOMAS ABISALIH
TREASURER	5.00	Yes (X)	Yes (X)	$0	$0	$0
ELAINE WHITE
SECRETARY	5.00	Yes (X)	Yes (X)	$0	$0	$0
JOHANNA BARRETT
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
CHUCK BUTLER
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
BARBARA CHASE
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
LINDSEY CURLEY
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
MARTY DOGGETT
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
EMILY JONES
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
SUSAN KINCAID
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
STEVE MARTIN
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
ALLISON MATLACK
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
CHERYL MAIURI
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
JENNIFER MCKENELLEY
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
ROBERT MILLER
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
KATE MORRIS
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
ALEXANDRA NOVA
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
KEVIN RAMOS-GLEW
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
ERIN VAN OTTERLOO
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
JADIHEL TAVERAS
HEAD OF SCHOOL	40.00		Yes (X)	$176,694	$0	$17,334
GIA ANGLUIN
DIRECTOR OF DEVELOPMENT	40.00			$112,669	$0	$11,267	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$289,363	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$28,601	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	2	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
Government Grants	$271,115	GovernmentGrantsAmt
All Other Contributions	$2,089,052	AllOtherContributionsAmt
Noncash Contributions	$117,754	NoncashContributionsAmt
Total Contributions	$2,360,167	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	ACTIVITY FEES	Desc
Business	900099	BusinessCd
Total Revenue Column	$14,780	TotalRevenueColumnAmt
Related Or Exempt Func Income	$14,780	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$14,780	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$15,450	TotalRevenueColumnAmt
Exclusion	$15,450	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$785,165	SecuritiesAmt
Other	$377,401	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$726,224	SecuritiesAmt
Other	$201,345	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$58,941	SecuritiesAmt
Other	$176,056	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$234,997	TotalRevenueColumnAmt
Exclusion	$234,997	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	MISC. REVENUE	Desc
Business	900099	BusinessCd
Total Revenue Column	$5,310	TotalRevenueColumnAmt
Related Or Exempt Func Income	$5,310	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$5,310	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,630,704	TotalRevenueColumnAmt
Related Or Exempt Func Income	$20,090	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$250,447	ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$195,553	TotalAmt
Program Services	$136,887	ProgramServicesAmt
Fundraising	$58,666	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$1,166,254	TotalAmt
Program Services	$821,320	ProgramServicesAmt
Management And General	$103,186	ManagementAndGeneralAmt
Fundraising	$241,748	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$86,103	TotalAmt
Program Services	$60,817	ProgramServicesAmt
Management And General	$7,832	ManagementAndGeneralAmt
Fundraising	$17,454	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$63,388	TotalAmt
Program Services	$44,725	ProgramServicesAmt
Management And General	$5,088	ManagementAndGeneralAmt
Fundraising	$13,575	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$126,049	TotalAmt
Program Services	$88,956	ProgramServicesAmt
Management And General	$9,655	ManagementAndGeneralAmt
Fundraising	$27,438	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$5,538	TotalAmt
Management And General	$5,538	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$18,600	TotalAmt
Management And General	$18,600	ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$12,233	TotalAmt
Management And General	$12,233	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$30,817	TotalAmt
Management And General	$18,979	ManagementAndGeneralAmt
Fundraising	$11,838	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$51,566	TotalAmt
Program Services	$23,452	ProgramServicesAmt
Management And General	$8,080	ManagementAndGeneralAmt
Fundraising	$20,034	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$193,608	TotalAmt
Program Services	$188,977	ProgramServicesAmt
Management And General	$1,482	ManagementAndGeneralAmt
Fundraising	$3,149	FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$57,118	TotalAmt
Program Services	$55,690	ProgramServicesAmt
Management And General	$457	ManagementAndGeneralAmt
Fundraising	$971	FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	FundraisingFundraisingAmt	Management And GeneralManagementAndGeneralAmt
PROGRAM SUPPLIES	$135,495	$135,495
EVENT EXPENSES	$58,883		$58,883
MEALS PROGRAM	$44,878	$17,856	$27,022
STAFF DEVELOPMENT	$20,075	$3,839	$12,779	$3,457

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$10,795	TotalAmt
Program Services	$5,403	ProgramServicesAmt
Management And General	$5,392	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,276,953	TotalAmt
Program Services	$1,583,417	ProgramServicesAmt
Management And General	$199,979	ManagementAndGeneralAmt
Fundraising	$493,557	FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$818,255	BOYAmt
EOY	$1,736,852	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$619,185	BOYAmt
EOY	$260,000	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$64,666	BOYAmt
EOY	$43,338	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$1,984,307	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$816,060	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$1,426,710	BOYAmt
EOY	$1,168,247	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$1,137,141	BOYAmt
EOY	$1,767,280	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$290,550	BOYAmt
EOY	$24,450	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$4,356,507	BOYAmt
EOY	$5,000,167	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$68,182	BOYAmt
EOY	$164,201	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$266,100	BOYAmt
EOY	$266,100	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$334,282	BOYAmt
EOY	$430,301	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,338,102	BOYAmt
EOY	$4,040,626	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$684,123	BOYAmt
EOY	$529,240	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$4,022,225	BOYAmt
EOY	$4,569,866	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$4,356,507	BOYAmt
EOY	$5,000,167	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$353,751	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$193,890	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,137,141	BeginningYearBalanceAmt
Contributions	$383,278	ContributionsAmt
Investment Earnings Or Losses	$260,945	InvestmentEarningsOrLossesAmt
Other Expenditures	$12,233	OtherExpendituresAmt
Administrative Expenses	$1,851	AdministrativeExpensesAmt
End Year Balance	$1,767,280	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,077,389	BeginningYearBalanceAmt
Contributions	$1,500	ContributionsAmt
Investment Earnings Or Losses	$70,649	InvestmentEarningsOrLossesAmt
Other Expenditures	$1,547	OtherExpendituresAmt
Administrative Expenses	$10,850	AdministrativeExpensesAmt
End Year Balance	$1,137,141	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$990,066	BeginningYearBalanceAmt
Investment Earnings Or Losses	$97,342	InvestmentEarningsOrLossesAmt
Other Expenditures	$890	OtherExpendituresAmt
Administrative Expenses	$9,129	AdministrativeExpensesAmt
End Year Balance	$1,077,389	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$893,157	BeginningYearBalanceAmt
Contributions	$1,500	ContributionsAmt
Investment Earnings Or Losses	$106,286	InvestmentEarningsOrLossesAmt
Other Expenditures	$919	OtherExpendituresAmt
Administrative Expenses	$9,958	AdministrativeExpensesAmt
End Year Balance	$990,066	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$812,991	BeginningYearBalanceAmt
Contributions	$1,500	ContributionsAmt
Investment Earnings Or Losses	$88,413	InvestmentEarningsOrLossesAmt
Other Expenditures	$601	OtherExpendituresAmt
Administrative Expenses	$9,146	AdministrativeExpensesAmt
End Year Balance	$893,157	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.98600	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.01400	PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated Org	0	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	0	EndowmentsHeldRelatedOrgInd

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,796,366	OtherCostOrOtherBasisAmt
Depreciation	$647,440	DepreciationAmt
Book Value	$1,148,926	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$70,736	OtherCostOrOtherBasisAmt
Depreciation	$53,551	DepreciationAmt
Book Value	$17,185	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$117,205	OtherCostOrOtherBasisAmt
Depreciation	$115,069	DepreciationAmt
Book Value	$2,136	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$1,168,247	TotalBookValueLandBuildingsAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$2,770,478	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$193,890	NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts	$17,000	DonatedServicesAndUseFcltsAmt
Other Revenue	-$58,883	OtherRevenueAmt
Revenue Not Reported	$152,007	RevenueNotReportedAmt
Revenue Subtotal	$2,618,471	RevenueSubtotalAmt
Investment Expenses Not Incld	$12,233	InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt	$12,233	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$2,630,704	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$2,222,837	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$17,000	DonatedServicesUseFcltsAmt
Expenses Not Reported	$17,000	ExpensesNotReportedAmt
Expenses Subtotal	$2,205,837	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$12,233	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	$58,883	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$71,116	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$2,276,953	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART V, LINE 4:	THE PERMANENTLY RESTRICTED PORTION OF THE ENDOWMENT FUNDS REPRESENT AMOUNTS RECEIVED FROM DONORS WITH THE STIPULATION THAT THE PRINCIPAL WILL BE HELD IN PERPETUITY AND ONLY THE INVESTMENT INCOME CAN BE SPENT. INVESTMENT INCOME EARNED ON PERMANENTLY RESTRICTED ENDOWMENT FUNDS ARE RESTRICTED FOR STAFF AND MATERIALS RELATED TO THE ACADEMY'S LIBRARY. THE WITHDRAWAL FROM THE ENDOWMENT FUND IN SUPPORT OF CURRENT OPERATIONS IS EXPECTED TO REMAIN A CONSTANT PERCENTAGE OF THE TOTAL ENDOWMENT FUND (UP TO 5% OF ENDOWMENT AVERAGE VALUE OVER THE PREVIOUS TWELVE MONTHS), ADJUSTED FOR NEW GIFTS TO THE FUND.
PART X, LINE 2:	THE ACADEMY ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ACADEMY HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2021 AND 2020. THE ACADEMY'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	SPECIAL EVENT EXPENSES -58,883.
PART XII, LINE 4B - OTHER ADJUSTMENTS:	SPECIAL EVENT EXPENSES 58,883.

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (1)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (1)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (1)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (1)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (1)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (1)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (1)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	0	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	0	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	0	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	0	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	0	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	0	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	0	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	0	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	Yes (1)	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	0	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (1)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3	ADVERTISING THROUGH THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND.
FORM 990, SCHEDULE E, LINE 6A	TITLE I, IIA AND IV FUNDS.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Housing Allowance Or Residence	Yes (X)	HousingAllowanceOrResidenceInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	0	SubstantiationRequiredInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	JADIHEL TAVERAS	PersonNm
Title	HEAD OF SCHOOL	TitleTxt
Base Compensation Filing Org	$149,694	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$0	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$27,000	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$14,969	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$2,365	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$194,028	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 1A	FormAndLineReferenceDesc
Explanation	THE HEAD OF SCHOOL IS PROVIDED AN APPROVED HOUSING ALLOWANCE.	ExplanationTxt

Schedule M IRS990ScheduleM

Cars And Other Vehicles CarsAndOtherVehiclesGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$35,000	NoncashContributionsRptF990Amt
Method Of Determining Revenues	COST	MethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	8	ContributionCnt
Noncash Contributions Rpt F990	$82,754	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	0	ReviewProcessUnusualNCGiftsInd
Third Parties Used	0	ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11B	THE BOARD RECEIVES AND APPROVES THE 990 BEFORE IT IS SUBMITTED TO THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	THE TRUSTEES AND OFFICERS OF THE ACADEMY SHALL EXERCISE THE UTMOST GOOD FAITH, LOYALTY AND CARE IN ALL ACTIONS ASSOCIATED WITH THE PERFORMANCE OF THEIR DUTIES TO THE ACADEMY. THEY SHALL NOT USE THEIR POSITION AS TRUSTEES OR OFFICERS, OR KNOWLEDGE GAINED THEREFROM, SO THAT A CONFLICT MIGHT ARISE BETWEEN THE ACADEMY'S INTEREST AND THEIR OWN, OR THAT ANY FIRM OR ORGANIZATION WITH WHICH THEY ARE ASSOCIATED. A CONFLICT OF INTEREST ARISES IN ANY SITUATION IN WHICH A TRUSTEE OR OFFICER (AND HIS OR HER IMMEDIATE FAMILY) IS INVOLVED IN A CONTRACT, TRANSACTION OR ACTIVITY WHICH COULD ADVERSLY AFFECT HIS OR HER JUDGEMENT WITH RESPECT TO THE ACADEMY'S AFFAIRS OR OTHERWISE DIMINISH THE INTEREST OF, OR CONFIDENCE IN, THE ACADEMY. IN THEIR DEALING WITH AND ON BEHALF OF THE ACADEMY, TRUSTEES AND OFFICERS SHALL BE HELD TO A STRICT RULE OF HONEST AND FAIR DEALING BETWEEN THEMSELVES AND THE ACADEMY. WHEN SUCH A CONFLICT ARISES, THE INDIVIDUAL WITH THE CONFLICT IS EXPECTED TO DISCLOSE IN WRITING TO THE BOARD OF TRUSTEES THE EXISTENCE OF THE CONFLICT. ANY TRUSTEE OR OFFICER INDIVIDUALLY, OR ANY FIRM OR ORGANIZATION WITH WHICH SUCH TRUSTEE OR OFFICER IS ASSOCIATED, MAY, HOWEVER, BE A PARTY TO OR MAY BE PECUNIARILY OR OTHERWISE INTERESTED IN A CONTRACT, TRANSACTION OR ACTIVITY OF THE ACADEMY, PROVIDED THAT THE FACT THAT SUCH INTEREST EXISTS SHALL HAVE BEEN KNOWN BY OR DISCLOSED TO THE BOARD OF TRUSTEES PRIOR TO THE TRUSTEES CONSIDERING OR TAKING ACTION WITH RESPECT TO SUCH CONTRACT, TRANSACTION, OR ACTIVITY. WHEN ADVISABLE AND IN THE BEST INTEREST OF THE ACADEMY, THE TRUSTEE OR OFFICER SO INVOLVED MAY BE ASKED TO RECUSE HIMSELF OR HERSELF FROM DISCUSSION AND ACTION OF THE BOARD OF TRUSTEES INVOLVING SUCH INTEREST, AND SUCH RECUSAL SHALL BE NOTED IN THE MINUTES OR OTHER RECORDS OF THE ACADEMY. TRUSTEES AND OFFICERS ARE REQUIRED TO SUBMIT A SIGNED CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY TO THE BOARD SECRETARY.
FORM 990, PART VI, SECTION B, LINE 15	THE ACADEMY DESIRES TO PROVIDE THE HEAD WITH A WRITTEN EMPLOYMENT AGREEMENT IN ORDER TO ENHANCE ADMINISTRATIVE STABILITY AND CONTINUITY WITHIN THE ACADEMY. THE ACADEMY BELIEVES A WRITTEN AGREEMENT IMPROVES THE QUALITY OF ITS OVERALL EDUCATIONAL PROGRAM, AND THE PARTIES FURTHER BELIEVE THAT A WRITTEN EMPLOYMENT AGREEMENT IS NECESSARY AND APPROPRIATE TO DESCRIBE SPECIFICALLY THE RELATIONSHIP BETWEEN THE HEAD, THE BOARD OF TRUSTEES, AND THE ACADEMY. THE PARTIES FURTHER BELIEVE THE WRITTEN AGREEMENT WILL SERVE AS A BASIS OF EFFECTIVE COMMUNICATION AND UNDERSTANDING BETWEEN THE TRUSTEES AND THE HEAD AS THEY FULFILL THEIR GOVERNANCE AND ADMINISTRATIVE FUNCTIONS. 15B. TAKEN FROM ESPERANZA ACADEMY'S BY-LAWS: "ESPERANZA ACADEMY SHALL, TO THE EXTENT LEGALLY PERMISSABLE, INDEMNIFY EACH PERSON WHO MAY SERVE OR WHO HAS SERVED AT ANY TIME AS A TRUSTEE, OR OFFICER OF THE CORPORATION OR WHO AT THE REQUEST OF THE CORPORATION MAY SERVE OR AT ANY TIME HAS SERVED AS A FIDUCIARY OR TRUSTEE OF AN EMPLOYEE BENEFIT PLAN OF THE CORPORATION (COLLECTIVELY, "INDEMNIFIED OFFICERS OR INDIVIDUALLY, "INDEMNIFIED OFFICER"), AGAINST ALL EXPENSES AND LIABILITIES, INCLUDING, WITHOUT LIMITATION, COUNSEL FEES, JUDGMENTS, FINES, EXCISE TAXES, PENALTIES AND SETTLEMENT PAYMENTS, REASONABLY INCURRED BY OR IMPOSED UPON SUCH PERSON PROCEEDING WHETHER CIVIL, CRIMINAL, ADMINISTRATIVE OR INVESTIGATIVE (A "PROCEEDING") IN WHICH AN INDEMNIFIED OFFICER MAY BECOME INVOLVED BY REASON OF SERVING OR HAVING SERVED IN SUCH CAPACITY (OTHER THAN A PROCEEDING VOLUNTARILY INITIATED BY SUCH A PERSON UNLESS A MAJORITY OF THE FULL BOARD OF DIRECTORS AUTHORIZED THE PROCEEDING); PROVIDED THAT NO INDEMNIFICATION SHALL BE PROVIDED FOR ANY SUCH INDEMNIFIED OFFICER SHALL HAVE BEEN FINALLY ADJUDICATED IN ANY PROCEEDING NOT TO HAVE ACTED IN GOOD FAITH IN THE REASONABLE BELIEF THAT SUCH INDEMNIFIED OFFICER'S ACTION WAS IN THE BEST INTERESTS OF THE CORPORATION OR, TO THE EXTENT THAT SUCH MATTER RELATES TO SERVICE WITH RESPECT TO AN EMPLOYEE BENEFIT PLAN, IN THE BEST INTERESTS OF THE PARTICIPANTS OR BENEFICIARIES OF SUCH EMPLOYEE BENEFIT PLAN. SUCH INDEMNIFICATION MAY, TO THE EXTENT AUTHORIZED BY THE BOARD OF TRUSTEES, INCLUDE PAYMENT BY THE CORPORATION OR EXPENSES INCURRED IN DEFENDING A CIVIL OR CRIMINAL ACTION OR PROCEEDING IN ADVANCE OF THE FINAL DISPOSITION OF SUCH ACTION OR PROCEEDING, UPON RECEIPT OF AN UNDERTAKING BY THE INDEMNIFIED OFFICER TO PREPAY SUCH PAYMENT IF NOT ENITITLED TO INDEMNIFICATION UNDER THIS ARTICLE, WHICH UNDERTAKING MAY BE ACCEPTED WITHOUT REGARD TO THE FINANCIAL ABILITY OF SUCH INDEMNIFIED OFFICER TO MAKE REPAYMENT. THE INDEMNIFICATION PROVIDED HEREUNDER SHALL INURE TO THE BENEFIT OF THE HEIRS, EXECUTORS AND ADMINISTRATORS OF ANY INDEMNIFIED OFFICER ENITITLED TO INDEMNIFICATION HEREUNDER. THE RIGHT OF INDEMNIFICATION UNDER THIS ARTICLE SHALL BE IN ADDITION TO AND NOT EXCLUSIVE OF ALL OTHER RIGHTS TO WHICH ANY PERSON MAY BE ENTITLED. NOTHING CONTAINED IN THIS ARTICLE SHALL AFFECT THE RIGHTS TO INDEMNIFICATION TO WHICH CORPORATION EMPLOYEES, AGENTS, DIRECTORS, OFFICERS AND OTHER PERSONS MAY BE ENTITLED BY CONTRACT, STATUTE OR OTHERWISE UNDER LAW. NO AMENDMENT OR REPEAL OF THE PROVISIONS OF THIS ARTICLE WHICH ADVERSELY AFFECTS THE RIGHT OF AN INDEMNIFIED OFFICER UNDER THIS ARTICLE SHALL APPLY TO THE INDEMNIFIED OFFICER WITH RESPECT TO THE ACTS OR OMISSIONS OF SUCH INDEMNIFIED OFFICER THAT OCCURED AT ANY TIME PRIOR TO SUCH AMENDMENT OR REPEAL, UNLESS SUCH AMENDMENT OR REPEAL WAS VOTED FOR BY OR WAS MADE WITH THE WRITTEN CONSENT OF SUCH INDEMNIFIED OFFICER. ESPERANZA ACADEMY SHALL PURCHASE AND MAINTAIN IN FORCE APPROPRIATE TRUSTEE AND OFFICER LIABILITY INSURANCE."
FORM 990, PART VI, SECTION C, LINE 19	CONFLICT OF INTEREST POLICY IS CONTAINED IN THE ESPERANZA ACADEMY'S BY-LAWS AND PERSONNEL POLICIES. FINANCIAL STATEMENTS AND MASS FORM PC ARE AVAILABLE UPON REQUEST.
FORM 990, PART XII, LINE 2C:	THE AUDIT COMMITTEE HAS OVERSIGHT OF THE AUDIT REVIEW PROCESS. THE PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.