Caribbean School INC FY2021 filing

Tax-deductible

Ponce, PR501(c)(3)Since 1954EIN 66-0234885Revenue $3.1M in FY2021

On file with the IRScaribbeanschool.org1689 Calle Navarra, 00730-4043 · Ponce, PRTax-exempt since Mar 1969School — 170(b)(1)(A)(ii)

This page gets seen. Tell your story. Claim this org.

Educational services from prekinder to 12th grade

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$245K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $17K a year · under 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$245K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.8M
45% of total assets
Looks good: liabilities are 45% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.1M
-3% vs prior year
Spent
$2.7M
To programs
74%
Net assets
$2.1M
By yearFY2020–FY2024
Revenue
$3.1M
FY2021▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.2M
FY2021$3.1M
FY2023$3.2M
FY2024$4.1M
FY2024$4.6M
Expenses
$2.7M
FY2021▼ -18%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.3M
FY2021$2.7M
FY2023$3.5M
FY2024$4.0M
FY2024$3.9M
Net assets
$2.1M
FY2021+0.3%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$2.1M
FY2023$1.9M
FY2024$2.0M
FY2024$3.1M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1969.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $2.0M Management & general 26% · $705K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

7 people listed on the 990; $245K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Head of the School
$149,760Pt VII · Sec A
Business Administrator
$50,000Pt VII · Sec A
Dean of Academics
$45,000Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Sub Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2024FY2023FY2021
Cynthia Pieterick———$149,760
Sol E Leon Leon$105,598$104,998——
Sol E Leon——$105,000—
Rebeca Diaz——$60,000—
Veronica Fuentes Rivera$50,603$50,003——
Rebecca Diaz———$50,000
Carmen Lamboy———$45,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Caribbean School INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates students to prepare them for university success.

Questions for Caribbean School INC

Tap to ask. Caribbean School INC sees how many people are interested.

Your first name shows with your question. Caribbean School INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $2.0M · in their own filed words · FY2020
01

The institution provides excellent education to students in order to provide a sound background when they reach university level

$2.0Mprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$3.1M
Ln 12
Fees for servicesLn 2g$2.9M
Gifts and grantsLn 1h$182K
Investment incomeLn 3$12
Money outPt IX
$2.7M
Ln 25
Programscol B$2.0M
Managementcol C$705K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$399K
Total assetsLn 16$3.9M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
7
listed · VII A
PaidVII A3
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$182K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$2.9M
Investment incomeLn 3$12
Total revenueLn 12$3.1M
Assets in detailPt X, end of year
CashLn 1$399K
Cash and savings togetherLn 1–2$399K
Land, buildings, equipmentLn 10c$2.4M
Other assetsLn 15$942K
Total assetsLn 16$3.9M
LiabilitiesLn 26$1.8M
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 5104
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$721K$399K
Land, buildings, equipmentLn 10c$2.6M$2.4M
Total assetsLn 16$3.4M$3.9M
LiabilitiesLn 26$1.3M$1.8M
Net assetsLn 32$2.1M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.6M$1.1M$502K$0
Payroll taxesLn 10$323K$220K$104K$0
Legal feesLn 11b$46K$46K$0
Other fees for servicesLn 11g$120K$77K$44K$0
Office expensesLn 13$11K$2K$9K$0
OccupancyLn 16$165K$165K$0$0
InterestLn 20$36K$36K$0$0
Depreciation, depletion and amortizationLn 22$257K$257K$0$0
InsuranceLn 23$105K$105K$0$0
Other expenses (24a–d)Ln 24$72K$72K$0$0
All other expensesLn 24e$20K$20K$0$0
Total functional expensesLn 25$2.7M$2.0M$705K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $4.1M$4.0M$151K$2.0M 990 PDF
FY2023 $3.2M$3.5M−$333K$1.9M 990 PDF
FY2022 Not on file
FY2021 Viewing $3.1M$2.7M$377K$2.1M 990 PDF
FY2020 $3.2M$3.3M−$129K$2.1M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $3,097,431 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $154,040$181,521
I-9 Program service revenuePrior year $3,041,333$2,915,898
I-10 Investment incomePrior year $1,559$12
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,196,932$3,097,431
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,186,457$1,888,144
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,139,634$832,230
I-18 Total expensesPrior year $3,326,091$2,720,374
I-19 Revenue less expensesPrior year −$129,159$377,057
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $3,097,431 across 12 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$181,521
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$181,521
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,915,898 · Unrelated business $0 · Excluded from tax $0$2,915,898
VIII-3 Investment incomeRelated to mission $12 · Unrelated business $0 · Excluded from tax $0$12
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $2,915,910 · Unrelated business $0 · Excluded from tax $0$3,097,431
Part IX · Statement of functional expenses $2,720,374 across 11 lines filed
IX-7 Other salaries and wagesPrograms $1,062,974 · Management $501,920 · Fundraising $0$1,564,894
IX-10 Payroll taxesPrograms $219,572 · Management $103,678 · Fundraising $0$323,250
IX-11b Legal feesManagement $46,244 · Fundraising $0$46,244
IX-11g Other fees for servicesPrograms $76,539 · Management $43,790 · Fundraising $0$120,329
IX-13 Office expensesPrograms $1,692 · Management $9,037 · Fundraising $0$10,729
IX-16 OccupancyPrograms $165,426 · Management $0 · Fundraising $0$165,426
IX-20 InterestPrograms $35,760 · Management $0 · Fundraising $0$35,760
IX-22 Depreciation, depletion and amortizationPrograms $257,180 · Management $0 · Fundraising $0$257,180
IX-23 InsurancePrograms $104,618 · Management $0 · Fundraising $0$104,618
IX-24 Other expenses (24a–d)Programs $71,620 · Management $0 · Fundraising $0$71,620
IX-24e All other expensesPrograms $20,324 · Management $0 · Fundraising $0$20,324
IX-25 Total functional expensesPrograms $2,015,705 · Management $704,669 · Fundraising $0$2,720,374
Part X · Balance sheet $3,898,422 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $721,043$398,927
X-4 Accounts receivable$119,654
X-8 Inventories for sale or useStart of year $7,096$6,226
X-9 Prepaid expenses and deferred chargesStart of year $21,130$19,145
X-10c Land, buildings and equipment, netStart of year $2,643,863$2,412,116
X-15 Other assets$942,354
X-16 Total assetsStart of year $3,393,132$3,898,422
X-17 Accounts payable and accrued expensesStart of year $163,197$656,882
X-19 Deferred revenueStart of year $243,085$370,848
X-26 Total liabilitiesStart of year $1,266,944$1,766,023
X-27 Net assets without donor restrictionsStart of year $2,072,289$2,078,500
X-28 Net assets with donor restrictionsStart of year $53,899$53,899
X-32 Total net assets or fund balancesStart of year $2,126,188$2,132,399
X-33 Total liabilities and net assetsStart of year $3,393,132$3,898,422
Part XI · Reconciliation of net assets $2,132,399 net assets at year end
XI-1 Total revenue$3,097,431
XI-2 Total expenses$2,720,374
XI-3 Revenue less expenses$377,057
XI-4 Net assets at start of year$2,126,188
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments−$370,846
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,132,399

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.