Athena INC FY2021 filing

Bayamon, PR · Public charity (501(c)(3)) · Since 2005 · Education

✓ Tax-deductible Latest data FY2021
Revenue
$676K
Spent
$573K
To programs
100%
Net assets
$116K
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending September 2021 (IRS tax year 2020).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Quigg Fund INC
$1K in the latest grant year.
Spent on programs?
100% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
Legal name (IRS)Hdr · item CAthena INC
EINHdr · item D66-0652866
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 2021
Year of formationHdr · item L2005
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CBayamon, PR
NTEE classificationIRS BMFEducation (B24)

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$573K
Total functional expensesLn 25$573K

Financial health

Revenue & expenses by yearFY2021–FY2024
Revenue
$676K
FY2021
Expenses
$573K
FY2021
Program efficiency
100%
of spending reaches programs
Operating runway
1.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+15%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$145K
FY2021
Total liabilities
$29K
FY2021
Revenue less expensesPt I · Ln 19$103K
Total assetsPt X · Ln 16$145K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$50K
Total assetsLn 16$145K
Total liabilitiesLn 26$29K
Total net assetsLn 32$116K
Months of cash on handcomputed1.1

Statement of Revenue

Part VIII
Program service revenue$540K · 80%
Contributions & grants$136K · 20%
Program service revenue80%$540K
Contributions & grants20%$136K
Total revenueLn 12$676K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $50K · Operating expenses/yr $573K
1.1 months
Where the money goes
Program services
Program services $573K · Total expenses $573K
100%
Management & General
Management & general $0 · Total expenses $573K
0%
Fundraising
Fundraising $0 · Total expenses $573K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $136K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $136K · Total revenue $676K
20%
Government reliance
Government grants $0 · Total revenue $676K
0%
Earned-income share
Program service revenue $540K · Total revenue $676K
80%
Investment reliance
Investment income $0 · Total revenue $676K
0%
Program self-sufficiency
Program service revenue $540K · Total expenses $573K
94%
Growth & trend
Revenue growth (YoY)
This year $676K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $116K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $676K · Expenses $573K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $145K
—
Net-asset ratio
Net assets $116K · Total assets $145K
80%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $145K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Glorimar Lopez Castellano · Reported title Vice-President · Highest reported compensation $51K · Total expenses $573K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $359K · Total expenses $573K
63%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0%——
Fundraising cost ratio 0%——
Accounting fee ratio 0.8%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$50,600Pt VII · Sec A
$23,200Pt VII · Sec A
$18,350Pt VII · Sec A
$14,225Pt VII · Sec A
$14,225Pt VII · Sec A
$0Pt VII · Sec A

Yahelis Yambo’s $35K as Director is at the 27th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Glorimar Lopez Castellano——$50,600$50,600$50,600
Glorimar Lopez$30,600$46,600———
Yahelis Yambo$35,400$34,820———
Yahelis Yambo Figueroa——$29,860$26,100$23,200
Zorylee Rodriguez$24,000$20,736———
Zorylee Rodriguez Estrada——$19,880$19,275$18,350
Luz a Cruz$17,430$15,998———
Dawn Rolon$17,100$16,220———

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.

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Offers affordable elementary education to benefit the community, country, and world.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $573K of program spending, described in the organization's own filed words · FY2020.
01

(Code B24) Officers Compensation $50,000; Employees Salaries$270,029; Payroll Taxes 39,391; Rent Expense $82,249; Professional Fees $7,383; Depreciation Expense $19,498; Other Expenses (Adm) $104,542.

$573Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$1K

Filing history

YearRevenueExpensesChangeFiling
FY2024 $813K$838K+3% 990 PDF
FY2023 $793K$830K+10% 990 PDF
FY2022 $721K$697K+7% 990 PDF
FY2021 Viewing $676K$573K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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