ESPERANZA ACADEMY INC: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- ESPERANZA ACADEMY INC (EIN 73-1722348)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2026-05-15
- IRS object ID
- 202621359349306537
- Schema version
- 2024v5.5
- 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 O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-15T11:31:36-05:00 | ReturnTs |
| Tax Period End | 2025-06-30 | 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 | 2024-07-01 | 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 | 2026-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CAITLIN LIMOGES CPA | PreparerPersonNm |
| PTIN | P01633588 | PTIN |
| Phone | 5083669100 | PhoneNum |
| Preparation | 2026-05-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | 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 | $12,904,113 | 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 IS A TUITION-FREE, ALL-GIRLS MIDDLE SCHOOL, BUILT ON JUSTICE AND CENTERED IN JOY. WE CELEBRATE, SUPPORT, AND INSPIRE EACH STUDENT TO EMBRACE THEIR BRILLIANCE. OUR PROGRAM EMPOWERS GIRLS TO REDEFINE WHAT IS EXPECTED OF THEM, TO COUNTER SOCIETAL LIMITATIONS, AND TO TAKE ON CHALLENGES THAT WILL POSITIVELY IMPACT THE TRAJECTORY OF THEIR LIVES IN LAWRENCE, MA AND BEYOND. | ActivityOrMissionDesc |
| Voting Members Governing Body | 14 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 14 | VotingMembersIndependentCnt |
| Total Employee | 34 | TotalEmployeeCnt |
| Total Volunteers | 100 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $5,950,307 | PYContributionsGrantsAmt |
| CY Contributions Grants | $11,376,684 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $17,680 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $72,254 | CYProgramServiceRevenueAmt |
| PY Investment Income | $89,545 | PYInvestmentIncomeAmt |
| CY Investment Income | $190,509 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$78,824 | PYOtherRevenueAmt |
| CY Other Revenue | -$54,632 | CYOtherRevenueAmt |
| PY Total Revenue | $5,978,708 | PYTotalRevenueAmt |
| CY Total Revenue | $11,584,815 | 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 | $2,316,023 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,485,518 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $662,614 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,340,019 | PYOtherExpensesAmt |
| CY Other Expenses | $1,614,517 | CYOtherExpensesAmt |
| PY Total Expenses | $3,656,042 | PYTotalExpensesAmt |
| CY Total Expenses | $4,100,035 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,322,666 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $7,484,780 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $8,899,974 | TotalAssetsBOYAmt |
| Total Assets EOY | $24,835,758 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $371,082 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $9,236,813 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $8,528,892 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $15,598,945 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | ESPERANZA ACADEMY IS A TUITION-FREE, ALL-GIRLS MIDDLE SCHOOL, BUILT ON JUSTICE AND CENTERED IN JOY. WE CELEBRATE, SUPPORT, AND INSPIRE EACH STUDENT TO EMBRACE THEIR BRILLIANCE. OUR PROGRAM EMPOWERS GIRLS TO REDEFINE WHAT IS EXPECTED OF THEM, TO COUNTER SOCIETAL LIMITATIONS, AND TO TAKE ON CHALLENGES THAT WILL POSITIVELY IMPACT THE TRAJECTORY OF THEIR LIVES IN LAWRENCE, MA AND BEYOND. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $2,984,630 | ExpenseAmt |
| Revenue | $75,294 | 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 | $2,984,630 | 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 | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | 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 | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| 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 | 34 | 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 | 14 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 14 | 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 (20 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| NINA BOWMAN | ||||||||
| PRESIDENT | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| CARLOS TORRES | ||||||||
| VICE PRESIDENT | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| MATT PRUNIER | ||||||||
| TREASURER | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | 1.00 | |
| AUDREY ELLIS | ||||||||
| SECRETARY (UNTIL 6/30/25) | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| ADITI DHOLAKIA | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| DAMIEN HUANG | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| G DINO KOFF | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ALLISON MATLACK | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| DEREK MITCHELL | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| FRANCELIS MORILLO SUAREZ | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| KEVIN RAMOS-GLEW | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MAGGIE SUPER CHURCH | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| BRIAN THOMAS | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ERIN VAN OTTERLOO | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| DANIEL HEISCHMAN | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JADIHEL TAVERAS | ||||||||
| HEAD OF SCHOOL | 40.00 | Yes (X) | $257,621 | $0 | $29,439 | 1.00 | ||
| LISA LEE | ||||||||
| DIRECTOR OF FINANCE | 40.00 | Yes (X) | $114,935 | $0 | $11,494 | 1.00 | ||
| PATRICIA FERNANDEZ | ||||||||
| CHIEF ADVANCEMENT OFFICER | 40.00 | $162,663 | $0 | $23,128 | Yes (X) | |||
| TESSA YOUNG | ||||||||
| CHIEF OF STRATEGY AND IMPACT | 40.00 | $113,507 | $0 | $20,955 | Yes (X) | |||
| DELIA DURAN-CLARK | ||||||||
| PRINCIPAL | 40.00 | $114,344 | $0 | $11,434 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $763,070 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $96,450 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 5 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| WINDOVER CONSTRUCTION | |||||
| 66 CHERRY HILL DR | BEVERLY | MA | 01915 | CONSTRUCTION SERVICES | $933,084 |
| FLANSBURGH ARCHITECTS | |||||
| 77 N WASHINGTON ST | BOSTON | MA | 02114 | ARCHITECTS | $706,539 |
| SCALORA CONSULTING GROUP | |||||
| 11 CORDAVILLE RD | ASHLAND | MA | 01721 | OWNER'S PROJECT MANAGEMENT | $113,494 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $256,374 | FundraisingAmt |
| All Other Contributions | $11,120,310 | AllOtherContributionsAmt |
| Noncash Contributions | $13,751 | NoncashContributionsAmt |
| Total Contributions | $11,376,684 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INTEREST ON NOTE RECEIVABLE | 900099 | $51,634 | $51,634 |
| ACTIVITY FEES | 611110 | $20,620 | $20,620 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $72,254 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $151,188 | TotalRevenueColumnAmt |
| Exclusion | $151,188 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,203,747 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,164,426 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $39,321 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $39,321 | TotalRevenueColumnAmt |
| Exclusion | $39,321 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $97,200 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $256,374 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $154,872 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$57,672 | TotalRevenueColumnAmt |
| Exclusion | -$57,672 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $3,040 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,040 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $3,040 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,584,815 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $75,294 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $132,837 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $432,565 | TotalAmt |
| Program Services | $212,936 | ProgramServicesAmt |
| Management And General | $128,370 | ManagementAndGeneralAmt |
| Fundraising | $91,259 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,611,841 | TotalAmt |
| Program Services | $1,328,466 | ProgramServicesAmt |
| Management And General | $57,133 | ManagementAndGeneralAmt |
| Fundraising | $226,242 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $158,520 | TotalAmt |
| Program Services | $129,240 | ProgramServicesAmt |
| Management And General | $4,834 | ManagementAndGeneralAmt |
| Fundraising | $24,446 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $108,330 | TotalAmt |
| Program Services | $82,273 | ProgramServicesAmt |
| Management And General | $10,518 | ManagementAndGeneralAmt |
| Fundraising | $15,539 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $174,262 | TotalAmt |
| Program Services | $131,425 | ProgramServicesAmt |
| Management And General | $15,157 | ManagementAndGeneralAmt |
| Fundraising | $27,680 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,276 | TotalAmt |
| Management And General | $11,276 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,002 | TotalAmt |
| Management And General | $41,002 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,836 | TotalAmt |
| Management And General | $21,836 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $67,663 | TotalAmt |
| Management And General | $42,252 | ManagementAndGeneralAmt |
| Fundraising | $25,411 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $96,534 | TotalAmt |
| Program Services | $37,395 | ProgramServicesAmt |
| Management And General | $15,349 | ManagementAndGeneralAmt |
| Fundraising | $43,790 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $190,852 | TotalAmt |
| Program Services | $181,807 | ProgramServicesAmt |
| Management And General | $2,743 | ManagementAndGeneralAmt |
| Fundraising | $6,302 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $51,983 | TotalAmt |
| Program Services | $50,683 | ProgramServicesAmt |
| Management And General | $416 | ManagementAndGeneralAmt |
| Fundraising | $884 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,279 | TotalAmt |
| Program Services | $23,672 | ProgramServicesAmt |
| Management And General | $194 | ManagementAndGeneralAmt |
| Fundraising | $413 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| COMPREHENSIVE CAMPAIGN | $615,258 | $391,774 | $35,675 | $187,809 |
| PROGRAM SUPPLIES | $251,028 | $251,028 | ||
| MISCELLANEOUS | $132,340 | $70,875 | $48,626 | $12,839 |
| MEALS PROGRAM | $77,189 | $77,189 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,277 | TotalAmt |
| Program Services | $15,867 | ProgramServicesAmt |
| Management And General | $17,410 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,100,035 | TotalAmt |
| Program Services | $2,984,630 | ProgramServicesAmt |
| Management And General | $452,791 | ManagementAndGeneralAmt |
| Fundraising | $662,614 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,743,102 | BOYAmt |
| EOY | $3,691,659 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,356 | BOYAmt |
| EOY | $453 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $773,880 | BOYAmt |
| EOY | $145,000 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,254 | BOYAmt |
| EOY | $47,233 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,984,307 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,026,127 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,010,163 | BOYAmt |
| EOY | $958,180 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,266,699 | BOYAmt |
| EOY | $2,366,389 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $17,507,500 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,007,520 | BOYAmt |
| EOY | $119,344 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,899,974 | BOYAmt |
| EOY | $24,835,758 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $265,517 | BOYAmt |
| EOY | $153,530 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $9,047,594 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $105,565 | BOYAmt |
| EOY | $35,689 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $371,082 | BOYAmt |
| EOY | $9,236,813 | 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 | $7,148,108 | BOYAmt |
| EOY | $13,838,138 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,380,784 | BOYAmt |
| EOY | $1,760,807 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,528,892 | BOYAmt |
| EOY | $15,598,945 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,899,974 | BOYAmt |
| EOY | $24,835,758 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $7,484,780 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $35,366 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$450,093 | 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) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| 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 | $2,266,699 | BeginningYearBalanceAmt |
| Contributions | $21,258 | ContributionsAmt |
| Investment Earnings Or Losses | $120,082 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $19,814 | OtherExpendituresAmt |
| Administrative Expenses | $21,836 | AdministrativeExpensesAmt |
| End Year Balance | $2,366,389 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,093,504 | BeginningYearBalanceAmt |
| Contributions | $41,868 | ContributionsAmt |
| Investment Earnings Or Losses | $189,912 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $42,134 | OtherExpendituresAmt |
| Administrative Expenses | $16,451 | AdministrativeExpensesAmt |
| End Year Balance | $2,266,699 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,989,175 | BeginningYearBalanceAmt |
| Contributions | $27,167 | ContributionsAmt |
| Investment Earnings Or Losses | $119,076 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $27,035 | OtherExpendituresAmt |
| Administrative Expenses | $14,879 | AdministrativeExpensesAmt |
| End Year Balance | $2,093,504 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,767,280 | BeginningYearBalanceAmt |
| Contributions | $507,314 | ContributionsAmt |
| Investment Earnings Or Losses | -$267,795 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $17,624 | OtherExpendituresAmt |
| End Year Balance | $1,989,175 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.77040 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.22960 | 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 | $838,186 | DepreciationAmt |
| Book Value | $958,180 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $70,736 | OtherCostOrOtherBasisAmt |
| Depreciation | $70,736 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $117,205 | OtherCostOrOtherBasisAmt |
| Depreciation | $117,205 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $958,180 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NOTE RECEIVABLE | Desc |
| Book Value | $17,507,500 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $17,507,500 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OPERATING LEASE LIABILITY | Desc |
| Amt | $35,689 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $35,689 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
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 EXPENSES RELATED TO THE ACADEMY'S LIBRARY AND GRADUATE SUPPORT PROGRAM. THE WITHDRAWAL FROM THE ENDOWMENT FUND IN SUPPORT OF CURRENT OPERATIONS IS EXPECTED TO REMAIN A CONSTANT PERCENTAGE OF THE TOTAL ENDOWMENT FUND,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, 2025. THE ACADEMY'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. |
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. |
| SCHEDULE E, PART I, LINE 6 | TITLE I, IIA AND IV FUNDS ARE ACCESSED THROUGH LAWRENCE PUBLIC SCHOOLS, WHO PURCHASE GOODS AND SERVICES ON BEHALF OF ESPERANZA ACADEMY. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | HOPE RISING | Event1Nm |
| Gross Receipts Event1 | $231,276 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $166,316 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $64,960 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $94,204 | RentFacilityCostsEvent1Amt |
| Other Direct Expenses Event1 | $14,798 | OtherDirectExpensesEvent1Amt |
| Event2 | HARVEST OF HOPE | Event2Nm |
| Gross Receipts Event2 | $122,298 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $90,058 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $32,240 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $39,523 | RentFacilityCostsEvent2Amt |
| Other Direct Expenses Event2 | $6,347 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $353,574 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $256,374 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $97,200 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $133,727 | RentFcltyCostsTotalEventsAmt |
| Oth Direct Expnss Total Events | $21,145 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $154,872 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$57,672 | 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 (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JADIHEL TAVERAS | ||||||||||||||
| HEAD OF SCHOOL | $207,621 | $0 | $50,000 | $0 | $0 | $0 | $17,626 | $0 | $11,813 | $0 | $287,060 | $0 | $0 | $0 |
| PATRICIA FERNANDEZ | ||||||||||||||
| CHIEF ADVANCEMENT OFFICER | $162,663 | $0 | $0 | $0 | $0 | $0 | $16,266 | $0 | $6,862 | $0 | $185,791 | $0 | $0 | $0 |
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 O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 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 XI, LINE 9: | NET ASSET TRANSFER -450,093. |
| 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. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ESPERANZA ACADEMY SUPPORT CORPORATION | BusinessNameLine1Txt |
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) |
|---|---|---|
| EIN | 333100083 | EIN |
| Primary Activities | SUPPORT ESPERANZA ACADEMY, INC. | PrimaryActivitiesTxt |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 12A, I | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ESPERANZA ACADEMY INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| ESPERANZA ACADEMY SUPPORT CORPORATION | ||
| Q | $3,700,000 | REIMBURSEMENT |
| ESPERANZA ACADEMY SUPPORT CORPORATION | ||
| R | $450,093 | NET ASSET TRANSFER |
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