2026-05-15T11:31:36-05:00 2025-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2024-07-01 731722348 ESPERANZA ACADEMY INC ESPE 9786864673 198 GARDEN STREET LAWRENCE MA 01840 JADIHEL TAVERAS HEAD OF SCHOOL 9786864673 2026-05-14 1 1 CAITLIN LIMOGES CPA P01633588 5083669100 2026-05-14 2024 2025-03-06 01:10:19Z JADIHEL TAVERAS 198 GARDEN STREET LAWRENCE MA 01840 12904113 0 X ESPERANZAACADEMY.ORG X 2004 MA 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. 14 14 34 100 0 0 5950307 11376684 17680 72254 89545 190509 -78824 -54632 5978708 11584815 0 0 0 0 2316023 2485518 0 0 662614 1340019 1614517 3656042 4100035 2322666 7484780 8899974 24835758 371082 9236813 8528892 15598945 X 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. 0 0 2984630 75294 TO PROVIDE A TUITION-FREE MIDDLE SCHOOL TO ECONOMICALLY DISADVANTAGED GIRLS FROM LAWRENCE, MASSACHUSETTS. ANNUAL ENROLLMENT TOTALS APPROXIMATELY 60 GIRLS. 2984630 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 13 0 1 34 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X JADIHEL TAVERAS 9786864673 198 GARDEN STREET LAWRENCE MA 01840 NINA BOWMAN PRESIDENT 5.00 X X 0 0 0 CARLOS TORRES VICE PRESIDENT 5.00 X X 0 0 0 MATT PRUNIER TREASURER 5.00 1.00 X X 0 0 0 AUDREY ELLIS SECRETARY (UNTIL 6/30/25) 5.00 X X 0 0 0 ADITI DHOLAKIA BOARD MEMBER 2.00 X 0 0 0 DAMIEN HUANG BOARD MEMBER 2.00 X 0 0 0 G DINO KOFF BOARD MEMBER 2.00 X 0 0 0 ALLISON MATLACK BOARD MEMBER 2.00 X 0 0 0 DEREK MITCHELL BOARD MEMBER 2.00 X 0 0 0 FRANCELIS MORILLO SUAREZ BOARD MEMBER 2.00 X 0 0 0 KEVIN RAMOS-GLEW BOARD MEMBER 2.00 X 0 0 0 MAGGIE SUPER CHURCH BOARD MEMBER 2.00 X 0 0 0 BRIAN THOMAS BOARD MEMBER 2.00 X 0 0 0 ERIN VAN OTTERLOO BOARD MEMBER 2.00 X 0 0 0 DANIEL HEISCHMAN BOARD MEMBER 2.00 X 0 0 0 JADIHEL TAVERAS HEAD OF SCHOOL 40.00 1.00 X 257621 0 29439 LISA LEE DIRECTOR OF FINANCE 40.00 1.00 X 114935 0 11494 PATRICIA FERNANDEZ CHIEF ADVANCEMENT OFFICER 40.00 X 162663 0 23128 TESSA YOUNG CHIEF OF STRATEGY AND IMPACT 40.00 X 113507 0 20955 DELIA DURAN-CLARK PRINCIPAL 40.00 X 114344 0 11434 763070 0 96450 5 0 1 0 WINDOVER CONSTRUCTION 66 CHERRY HILL DR BEVERLY MA 01915 CONSTRUCTION SERVICES 933084 FLANSBURGH ARCHITECTS 77 N WASHINGTON ST BOSTON MA 02114 ARCHITECTS 706539 SCALORA CONSULTING GROUP 11 CORDAVILLE RD ASHLAND MA 01721 OWNER'S PROJECT MANAGEMENT 113494 3 256374 11120310 13751 11376684 INTEREST ON NOTE RECEIVABLE 900099 51634 51634 ACTIVITY FEES 611110 20620 20620 72254 151188 151188 1203747 1164426 39321 39321 39321 97200 256374 154872 -57672 -57672 MISCELLANEOUS REVENUE 900099 3040 3040 3040 11584815 75294 0 132837 432565 212936 128370 91259 1611841 1328466 57133 226242 158520 129240 4834 24446 108330 82273 10518 15539 174262 131425 15157 27680 11276 11276 41002 41002 21836 21836 67663 42252 25411 96534 37395 15349 43790 190852 181807 2743 6302 51983 50683 416 884 24279 23672 194 413 COMPREHENSIVE CAMPAIGN 615258 391774 35675 187809 PROGRAM SUPPLIES 251028 251028 MISCELLANEOUS 132340 70875 48626 12839 MEALS PROGRAM 77189 77189 33277 15867 17410 4100035 2984630 452791 662614 2743102 3691659 28356 453 773880 145000 70254 47233 1984307 1026127 1010163 958180 2266699 2366389 17507500 2007520 119344 8899974 24835758 265517 153530 9047594 105565 35689 371082 9236813 X 7148108 13838138 1380784 1760807 8528892 15598945 8899974 24835758 X 7484780 35366 -450093 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2266699 21258 120082 19814 21836 2366389 2093504 41868 189912 42134 16451 2266699 1989175 27167 119076 27035 14879 2093504 1767280 507314 -267795 17624 1989175 1137141 383278 260945 12233 1851 1767280 0.77040 0.22960 0 0 1796366 838186 958180 70736 70736 0 117205 117205 0 958180 NOTE RECEIVABLE 17507500 C 17507500 OPERATING LEASE LIABILITY 35689 35689 X 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 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. HOPE RISING 231276 166316 64960 94204 14798 HARVEST OF HOPE 122298 90058 32240 39523 6347 353574 256374 97200 133727 21145 154872 -57672 X 1 0 X X X 0 0 0 0 0 0 0 0 0 JADIHEL TAVERAS HEAD OF SCHOOL 207621 0 50000 0 0 0 17626 0 11813 0 287060 0 0 0 PATRICIA FERNANDEZ CHIEF ADVANCEMENT OFFICER 162663 0 0 0 0 0 16266 0 6862 0 185791 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL IS PROVIDED AN APPROVED HOUSING ALLOWANCE. 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. ESPERANZA ACADEMY SUPPORT CORPORATION 198 GARDEN STREET LAWRENCE MA 01840 333100083 SUPPORT ESPERANZA ACADEMY, INC. MA 501(C)(3) LINE 12A, I ESPERANZA ACADEMY INC 1 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 ESPERANZA ACADEMY SUPPORT CORPORATION Q 3700000 REIMBURSEMENT ESPERANZA ACADEMY SUPPORT CORPORATION R 450093 NET ASSET TRANSFER