ESPERANZA ACADEMY INC: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- ESPERANZA ACADEMY INC (EIN 73-1722348)
- Tax period
- 2019-07-01 to 2020-06-30
- Filed
- 2020-11-16
- IRS object ID
- 202023219349302737
- Schema version
- 2019v5.1
- 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 G
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-16T08:57:52-06:00 | ReturnTs |
| Tax Period End | 2020-06-30 | 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 | 2019-07-01 | 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 | 2020-11-16 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DAVID KELLEHER CPA | PreparerPersonNm |
| PTIN | P01059560 | PTIN |
| Phone | 5083669100 | PhoneNum |
| Preparation | 2020-11-16 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 40.70.31.102 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-11-16 | IPDt |
| IP Tm | 07:09:16 | IPTm |
| IP Timezone | ES | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 2DDD31951ED2AB8CB25029F66ABAED5153B45454 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 67FD54DCEB6CBC14265FA3262D2D1D14C69EA041 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | 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 | $2,795,408 | 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 | 18 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 18 | VotingMembersIndependentCnt |
| Total Employee | 35 | TotalEmployeeCnt |
| Total Volunteers | 150 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,992,862 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,023,136 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $17,484 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $13,900 | CYProgramServiceRevenueAmt |
| PY Investment Income | $50,982 | PYInvestmentIncomeAmt |
| CY Investment Income | $82,601 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$8,449 | PYOtherRevenueAmt |
| CY Other Revenue | -$14,108 | CYOtherRevenueAmt |
| PY Total Revenue | $2,052,879 | PYTotalRevenueAmt |
| CY Total Revenue | $2,105,529 | 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 | $1,302,118 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,475,247 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $386,708 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $629,487 | PYOtherExpensesAmt |
| CY Other Expenses | $643,732 | CYOtherExpensesAmt |
| PY Total Expenses | $1,931,605 | PYTotalExpensesAmt |
| CY Total Expenses | $2,118,979 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $121,274 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$13,450 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $4,121,091 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,356,507 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $75,084 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $334,282 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $4,046,007 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $4,022,225 | 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 | $1,485,059 | ExpenseAmt |
| Revenue | $26,832 | 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 | $1,485,059 | 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 | Yes (1) | 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 | 13 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 35 | 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 | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| 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 | 18 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 18 | 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 (19 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|
| JADIHEL TAVERAS | ||||||
| HEAD OF SCHOOL | 40.00 | Yes (X) | $155,440 | $0 | $13,144 | |
| SARAH NEWTON | ||||||
| PRESIDENT | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| CATHY PERRON EATON | ||||||
| VICE PRESIDENT | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| THOMAS ABISALIH | ||||||
| TREASURER | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| ELAINE WHITE | ||||||
| SECRETARY | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| IAN GRACEY | ||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | |
| JOHANNA BARRETT | ||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | |
| KATE MORRIS | ||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | |
| LINDSEY CURLEY | ||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | |
| ROBERT MILLER | ||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | |
| CHUCK BUTLER | ||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | |
| STEVE MARTIN | ||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | |
| CHERYL MAIURI | ||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | |
| JENNIFER MCKENELLEY | ||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | |
| BARBARA CHASE | ||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | |
| MARTY DOGGETT | ||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | |
| EMILY JONES | ||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | |
| SUSAN KINCAID | ||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | |
| KEVIN RAMOS-GLEW | ||||||
| BOARD MEMBER | 2.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $155,440 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $13,144 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DANA WILSON | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5 DELVINE TERRACE | AddressLine1Txt |
| City | HAVERHILL | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01832 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | FOOD SERVICES | ServicesDesc |
| Compensation | $100,160 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $270,091 | FundraisingAmt |
| Government Grants | $21,772 | GovernmentGrantsAmt |
| All Other Contributions | $1,731,273 | AllOtherContributionsAmt |
| Noncash Contributions | $31,504 | NoncashContributionsAmt |
| Total Contributions | $2,023,136 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ACTIVITY FEES | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $13,900 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $13,900 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $13,900 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $18,219 | TotalRevenueColumnAmt |
| Exclusion | $18,219 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $703,221 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $638,839 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $64,382 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $64,382 | TotalRevenueColumnAmt |
| Exclusion | $64,382 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $24,000 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $270,091 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $51,040 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$27,040 | TotalRevenueColumnAmt |
| Exclusion | -$27,040 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISC. REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $12,932 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $12,932 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $12,932 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,105,529 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $26,832 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $55,561 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $177,612 | TotalAmt |
| Program Services | $124,328 | ProgramServicesAmt |
| Fundraising | $53,284 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,038,931 | TotalAmt |
| Program Services | $701,739 | ProgramServicesAmt |
| Management And General | $109,808 | ManagementAndGeneralAmt |
| Fundraising | $227,384 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $90,378 | TotalAmt |
| Program Services | $60,152 | ProgramServicesAmt |
| Management And General | $9,752 | ManagementAndGeneralAmt |
| Fundraising | $20,474 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $59,429 | TotalAmt |
| Program Services | $39,801 | ProgramServicesAmt |
| Management And General | $5,608 | ManagementAndGeneralAmt |
| Fundraising | $14,020 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $108,897 | TotalAmt |
| Program Services | $72,987 | ProgramServicesAmt |
| Management And General | $10,220 | ManagementAndGeneralAmt |
| Fundraising | $25,690 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,309 | TotalAmt |
| Management And General | $17,309 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,840 | TotalAmt |
| Management And General | $12,840 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,850 | TotalAmt |
| Management And General | $10,850 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,413 | TotalAmt |
| Management And General | $35,247 | ManagementAndGeneralAmt |
| Fundraising | $13,166 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,908 | TotalAmt |
| Program Services | $25,989 | ProgramServicesAmt |
| Management And General | $8,036 | ManagementAndGeneralAmt |
| Fundraising | $23,883 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $172,959 | TotalAmt |
| Program Services | $168,183 | ProgramServicesAmt |
| Management And General | $1,487 | ManagementAndGeneralAmt |
| Fundraising | $3,289 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,520 | TotalAmt |
| Program Services | $62,171 | ProgramServicesAmt |
| Management And General | $432 | ManagementAndGeneralAmt |
| Fundraising | $917 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|---|
| PROGRAM SUPPLIES | $139,190 | $139,190 | ||
| MEALS PROGRAM | $69,668 | $68,886 | $782 | |
| STAFF DEVELOPMENT | $43,260 | $18,318 | $3,819 | $21,123 |
| MISCELLANEOUS | $4,500 | $4,500 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,315 | TotalAmt |
| Program Services | $3,315 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,118,979 | TotalAmt |
| Program Services | $1,485,059 | ProgramServicesAmt |
| Management And General | $247,212 | ManagementAndGeneralAmt |
| Fundraising | $386,708 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $784,891 | BOYAmt |
| EOY | $818,255 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $683,337 | BOYAmt |
| EOY | $619,185 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,794 | BOYAmt |
| EOY | $64,666 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $2,223,657 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $796,947 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,490,230 | BOYAmt |
| EOY | $1,426,710 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,077,389 | BOYAmt |
| EOY | $1,137,141 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,450 | BOYAmt |
| EOY | $290,550 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,121,091 | BOYAmt |
| EOY | $4,356,507 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,084 | BOYAmt |
| EOY | $68,182 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $266,100 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,084 | BOYAmt |
| EOY | $334,282 | 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 | $3,181,763 | BOYAmt |
| EOY | $3,338,102 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $864,244 | BOYAmt |
| EOY | $684,123 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,046,007 | BOYAmt |
| EOY | $4,022,225 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,121,091 | BOYAmt |
| EOY | $4,356,507 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$13,450 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$10,332 | 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 | $1,077,389 | 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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| 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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| 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 Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| 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 |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $230,626 | BeginningYearBalanceAmt |
| Contributions | $540,140 | ContributionsAmt |
| Investment Earnings Or Losses | $43,749 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,524 | OtherExpendituresAmt |
| End Year Balance | $812,991 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.98110 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.01890 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $75,900 | OtherCostOrOtherBasisAmt |
| Book Value | $75,900 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,959,816 | OtherCostOrOtherBasisAmt |
| Depreciation | $637,372 | DepreciationAmt |
| Book Value | $1,322,444 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $70,736 | OtherCostOrOtherBasisAmt |
| Depreciation | $46,477 | DepreciationAmt |
| Book Value | $24,259 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $117,205 | OtherCostOrOtherBasisAmt |
| Depreciation | $113,098 | DepreciationAmt |
| Book Value | $4,107 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,426,710 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| SECURITY DEPOSITS | $24,450 |
| RESTRICTED CASH | $266,100 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $290,550 | TotalBookValueOtherAssetsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $2,087,617 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$10,332 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $3,270 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | -$7,062 | RevenueNotReportedAmt |
| Revenue Subtotal | $2,094,679 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $10,850 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $10,850 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $2,105,529 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $2,111,399 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $3,270 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $3,270 | ExpensesNotReportedAmt |
| Expenses Subtotal | $2,108,129 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $10,850 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $10,850 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $2,118,979 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 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, 2020 AND 2019. |
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 | FEDERAL LUNCH PROGRAM AND TITLE IIA FUNDS. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | FALL DINNER | Event1Nm |
| Gross Receipts Event1 | $217,172 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $193,172 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $24,000 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $21,999 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $1,423 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $22,684 | OtherDirectExpensesEvent1Amt |
| Event2 | FENWAY | Event2Nm |
| Gross Receipts Event2 | $76,919 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $76,919 | CharitableContriEvent2Amt |
| Other Direct Expenses Event2 | $4,934 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 0 | OtherEventsTotalCnt |
| Gross Receipts Total | $294,091 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $270,091 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $24,000 | GrossRevenueTotalEventsAmt |
| Food And Beverage Total Events | $21,999 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $1,423 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $27,618 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $51,040 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$27,040 | NetIncomeSummaryAmt |
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 | $131,440 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $24,000 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $13,144 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $0 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $168,584 | 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
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 6 | ContributionCnt |
| Noncash Contributions Rpt F990 | $31,504 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR VALUE | 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. |
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