ESPERANZA ACADEMY INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- ESPERANZA ACADEMY INC (EIN 73-1722348)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-01-24
- IRS object ID
- 201340249349300614
- Schema version
- 2011v1.2
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-01-24T12:25:56-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042571780 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALEXANDER ARONSON FINNING & CO PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 21 EAST MAIN STREET | AddressLine1 |
| City | WESTBORO | City |
| State | MA | State |
| ZIP Code | 01581 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 731722348 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ESPERANZA ACADEMY INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ESPE | NameControl |
| Phone | 9786864673 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 198 GARDEN STREET | AddressLine1 |
| City | LAWRENCE | City |
| State | MA | State |
| ZIP Code | 01840 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CHRIS WILSON | Name |
| Title | Head of School | Title |
| Phone | 9786864673 | Phone |
| Date Signed | 2013-01-23 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | David Kelleher CPA | Name |
| PTIN | P01059560 | PTIN |
| Phone | 5083669100 | Phone |
| Date Prepared | 2013-01-23 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Chris Wilson | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 198 GARDEN STREET | AddressLine1 |
| City | LAWRENCE | City |
| State | MA | State |
| ZIP Code | 01840 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 1598828 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | esperanzaacademy.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2004 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | Esperanza 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 20 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 20 | NbrIndependentVotingMembers |
| Total Nbr Employees | 34 | TotalNbrEmployees |
| Total Nbr Volunteers | 170 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1154328 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1544872 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2437 | InvestmentIncomePriorYear |
| Investment Income Current Year | 3539 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1595 | OtherRevenuePriorYear |
| Other Revenue Current Year | 4827 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 1158360 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1553238 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 900224 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 954182 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 217079 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 462483 | OtherExpensePriorYear |
| Other Expenses Current Year | 426252 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1362707 | TotalExpensesPriorYear |
| Total Expenses Current Year | 1380434 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -204347 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 172804 | RevenuesLessExpensesCY |
| Total Assets BOY | 2415122 | TotalAssetsBOY |
| Total Assets EOY | 2507927 | TotalAssetsEOY |
| Total Liabilities BOY | 54006 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 18614 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 2361116 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 2489313 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | Esperanza 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 985466 | Expense |
| Revenue | 16701 | Revenue |
| Description | To provide a tuition-free middle school to economically disadvantaged girls from Lawrence, Massachusetts. | Description |
| Total Program Service Expense | 985466 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 6 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 34 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 20 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 20 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 0 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Chris Wilson | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9786864673 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 198 Garden Street | AddressLine1 |
| City | Lawrence | City |
| State | MA | State |
| ZIP Code | 01840 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (21 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| Rosalyn Wood | ||||||
| President | 15.00 | X | X | 0 | 0 | 0 |
| Janet Rogers | ||||||
| Vice President | 10.00 | X | X | 0 | 0 | 0 |
| Rev Jeff Gill | ||||||
| Secretary | 5.00 | X | X | 0 | 0 | 0 |
| Frank Butler | ||||||
| Treasurer | 8.00 | X | X | 0 | 0 | 0 |
| Susan Casey | ||||||
| Board Member | 2.00 | X | 0 | 0 | 0 | |
| Rev Joel ALmOno | ||||||
| Board Member | 2.00 | X | 0 | 0 | 0 | |
| Heidi Baxter | ||||||
| Board Member | 2.00 | X | 0 | 0 | 0 | |
| Malcolm Coates | ||||||
| Board Member | 2.00 | X | 0 | 0 | 0 | |
| Rev Mark Delcuze | ||||||
| Board Member | 2.00 | X | 0 | 0 | 0 | |
| Dr Rita Dickinson Delollis | ||||||
| Board Member | 2.00 | X | 0 | 0 | 0 | |
| Marty Doggett | ||||||
| Board Member | 2.00 | X | 0 | 0 | 0 | |
| Sanford Durland III | ||||||
| Board Member | 2.00 | X | 0 | 0 | 0 | |
| Marie Ferraguto | ||||||
| Board Member | 2.00 | X | 0 | 0 | 0 | |
| Margaret Hamilton | ||||||
| Board Member | 2.00 | X | 0 | 0 | 0 | |
| Michael Helman | ||||||
| Board Member | 2.00 | X | 0 | 0 | 0 | |
| Barbara Ann McCahill | ||||||
| Board Member | 2.00 | X | 0 | 0 | 0 | |
| Kevin Ramos-Glew | ||||||
| Board Member | 2.00 | X | 0 | 0 | 0 | |
| Terry Rooney | ||||||
| Board Member | 2.00 | X | 0 | 0 | 0 | |
| Lana Schofield | ||||||
| Board Member | 2.00 | X | 0 | 0 | 0 | |
| Winifred Swan | ||||||
| Board Member | 2.00 | X | 0 | 0 | 0 | |
| Chris Wilson | ||||||
| Head of School | 40.00 | X | 46682 | 0 | 9358 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 46682 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 9358 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Fundraising Events | 183478 | FundraisingEvents |
| All Other Contributions | 1361394 | AllOtherContributions |
| Noncash Contributions | 230000 | NoncashContributions |
| Total Contributions | 1544872 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3340 | TotalRevenueColumn |
| Exclusion | $3,340 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 17484 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 17285 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 199 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 199 | TotalRevenueColumn |
| Exclusion | $199 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 16431 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 183478 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 28305 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -11874 | TotalRevenueColumn |
| Exclusion | -$11,874 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Other Revenue | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 16701 | TotalRevenueColumn |
| Related Or Exempt Function Income | 16701 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 16701 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1553238 | TotalRevenueColumn |
| Related Or Exempt Function Income | 16701 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | -$8,335 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 116635 | Total |
| Program Services | 87476 | ProgramServices |
| Fundraising | 29159 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 665506 | Total |
| Program Services | 520213 | ProgramServices |
| Management And General | 62618 | ManagementAndGeneral |
| Fundraising | 82675 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24991 | Total |
| Program Services | 15797 | ProgramServices |
| Management And General | 4099 | ManagementAndGeneral |
| Fundraising | 5095 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 66940 | Total |
| Program Services | 48081 | ProgramServices |
| Management And General | 11141 | ManagementAndGeneral |
| Fundraising | 7718 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 80110 | Total |
| Program Services | 57209 | ProgramServices |
| Management And General | 10028 | ManagementAndGeneral |
| Fundraising | 12873 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11493 | Total |
| Management And General | 11493 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30972 | Total |
| Program Services | 18455 | ProgramServices |
| Management And General | 3887 | ManagementAndGeneral |
| Fundraising | 8630 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 487 | Total |
| Management And General | 487 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33130 | Total |
| Program Services | 8353 | ProgramServices |
| Management And General | 6711 | ManagementAndGeneral |
| Fundraising | 18066 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 98506 | Total |
| Program Services | 76787 | ProgramServices |
| Management And General | 5234 | ManagementAndGeneral |
| Fundraising | 16485 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15220 | Total |
| Program Services | 3570 | ProgramServices |
| Management And General | 464 | ManagementAndGeneral |
| Fundraising | 11186 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 75030 | Total |
| Program Services | 58523 | ProgramServices |
| Management And General | 1501 | ManagementAndGeneral |
| Fundraising | 15006 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Program Supplies | 48441 | 48441 | ||
| Bad Debt | 47525 | 47525 | ||
| Tuition | 24851 | 24851 | ||
| Equipment rental & main | 18916 | 7132 | 10235 | 1549 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21681 | Total |
| Program Services | 10578 | ProgramServices |
| Management And General | 2466 | ManagementAndGeneral |
| Fundraising | 8637 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1380434 | Total |
| Program Services | 985466 | ProgramServices |
| Management And General | 177889 | ManagementAndGeneral |
| Fundraising | 217079 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 377286 | BOY |
| EOY | 309702 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 60182 | BOY |
| EOY | 209579 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 134275 | BOY |
| EOY | 3500 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 537 | BOY |
| EOY | 1348 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2180 | BOY |
| EOY | 33032 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 2254465 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 424961 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1713266 | BOY |
| EOY | 1829504 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 102946 | BOY |
| EOY | 96812 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24450 | BOY |
| EOY | 24450 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2415122 | BOY |
| EOY | 2507927 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 54006 | BOY |
| EOY | 17249 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 1365 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 54006 | BOY |
| EOY | 18614 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2197130 | BOY |
| EOY | 2396390 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 163986 | BOY |
| EOY | 92923 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2361116 | BOY |
| EOY | 2489313 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2415122 | BOY |
| EOY | 2507927 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 172804 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -44607 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 165939 | BeginningOfYearBalance |
| Contributions | 2200 | Contributions |
| Investment Earnings Or Losses | 3710 | InvestmentEarningsOrLosses |
| End Of Year Balance | 171849 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 154020 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 11919 | InvestmentEarningsOrLosses |
| End Of Year Balance | 165939 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 145310 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 8710 | InvestmentEarningsOrLosses |
| End Of Year Balance | 154020 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 138256 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 7054 | InvestmentEarningsOrLosses |
| End Of Year Balance | 145310 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 1.00000 | BoardDesignatedEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 75900 | OtherCostOrOtherBasis |
| Book Value | 75900 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1950466 | OtherCostOrOtherBasis |
| Depreciation | 245548 | Depreciation |
| Book Value | 1704918 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 22111 | OtherCostOrOtherBasis |
| Depreciation | 8470 | Depreciation |
| Book Value | 13641 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 188698 | OtherCostOrOtherBasis |
| Depreciation | 158760 | Depreciation |
| Book Value | 29938 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 17290 | OtherCostOrOtherBasis |
| Depreciation | 12183 | Depreciation |
| Book Value | 5107 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 1829504 | TotalOfBookValueLandBuildings |
| Total Revenue | 1553238 | TotalRevenue |
| Total Expenses | 1380434 | TotalExpenses |
| Excess Or Deficit For Year | 172804 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 171 | NetUnrealizedGLOnInvestments |
| Prior Period Adjustments | -44778 | PriorPeriodAdjustments |
| Total Adjustments | -44607 | TotalAdjustments |
| Excess Or Deficit Per FS | 128197 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 1556541 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 171 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 3132 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 3303 | RevenueNotRptdF990 |
| Revenue Subtotal | 1553238 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 1553238 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 1383566 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 3132 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 3132 | ExpensesNotRptdF990 |
| Expenses Subtotal | 1380434 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 1380434 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | The Academy follows the Accounting for Uncertainty in Income Taxes standard, which requires the Academy to report uncertain tax positions, related interest and penalties, and to adjust its assets and liabilities related to unrecognized tax benefits and accrued interest and penalties accordingly. As of June 30, 2012, the Academy determined that there are no material unrecognized tax benefits to report. Information returns filed for the past three years remain subject to examination by the Internal Revenue Service and the Commonwealth of Massachusetts. | Explanation |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Explanation of Nondiscriminatory Policy Publication | Schedule E, Part I, Line 3 | Newspaper advertisement, promotional materials, website |
| GOVERNMENT ASSISTANCE | FORM 990, SCHEDULE E, LINE 6A | ESPERANZA ACADEMY RECEIVED A $7,200 GRANT FROM THE COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) PROGRAM TO BE USED FOR THE HEALTHY LIVING PROGRAM. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Auction | NameOfEvent1 |
| Gross Receipts Event1 | 194828 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 183478 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 11350 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 11972 | RentFacilityCostsEvent1 |
| Other Direct Expenses Event1 | 8852 | OtherDirectExpensesEvent1 |
| Name Of Event2 | Other | NameOfEvent2 |
| Gross Receipts Event2 | 5081 | GrossReceiptsEvent2 |
| Gross Revenue Event2 | 5081 | GrossRevenueEvent2 |
| Other Direct Expenses Event2 | 7481 | OtherDirectExpensesEvent2 |
| Gross Receipts Total | 199909 | GrossReceiptsTotal |
| Charitable Contributions Total | 183478 | CharitableContributionsTotal |
| Gross Revenue Total Events | 16431 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 11972 | RentFacilityCostsTotalEvents |
| Other Direct Expenses Total Events | 16333 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 28305 | DirectExpenseSummaryEvents |
| Net Income Summary | -11874 | NetIncomeSummary |
Schedule M IRS990ScheduleM
Real Estate Residential RealEstateResidential
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 230000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Appraised Value | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Form 990, Part VI, Section B, line 11 | Form 990, Part VI, Section B, line 11: The Board receives and approves the 990 before it is submitted to the IRS. | |
| Form 990, Part VI, Section B, line 12c | vcForm 990, Part VI, Section B, Line 12c: "The Trustees and officers of the School shall exercise utmost good faith, loyalty and care in all actions associated with the performance of their duties to the School. They shall not use their position as Trustees or officers, or knowledge gained therefrom, so that a conflict might arise between the School'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 School's affairs or otherwise diminish the interest of, or confidence in, Esperanza. In their dealing with and on behalf of the School, Trustees and officers shall be held to a strict rule of honest and fair dealing between themselves and Esperanza. 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 School, 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 School, 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 School." | |
| Form 990, Part VI, Section B, line 15 | Form 990, Part VI, Section B, Line 15: Esperanza Academy desires to provide the Head with a written employment contract in order to enhance administrative stability and continuity within the School. Esperanza Academy believes a written contract improves the quality of its overall educational program, and the parties further believe that a written employment contract is necessary and appropriate to describe specifically the relationship between the Head the Board of Trustees, and the School. The parties further believe the written contract 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 ensure 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 and 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 | 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. The Academy hopes to have these documents available on the website in the near future. | |
| Form 990, Part XI, line 5: | Net unrealized gains on investments: 171. Prior period adjustments: -44,778. Total to Form 990, Part XI, Line 5: -44,607. | Changes in Net Assets or Fund Balances: |
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