Athena INC FY2024 filing

Tax-deductible

Bayamon, PR501(c)(3)Since 2005EducationEIN 66-0652866

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Providing top notch yet, affordable education(Elementary School) for the benefit of our community, country and world.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$134K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · 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 · 2% 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$134K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$15K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 6 voting members
Concern: none of 6 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$813K
+3% vs prior year
Spent
$838K
To programs
100%
Net assets
$84K
By yearFY2021–FY2024
Revenue
$813K
FY2024▲ +3%
Revenue by fiscal year
FY2021$676K
FY2022$721K
FY2023$793K
FY2024$813K
FY2024$765K
Expenses
$838K
FY2024▲ +1%
Expenses by fiscal year
FY2021$573K
FY2022$697K
FY2023$830K
FY2024$838K
FY2024$820K
Net assets
$84K
FY2024▼ -19%
Net assets by fiscal year
FY2021$116K
FY2022$140K
FY2023$104K
FY2024$84K
FY2024$19K

From the FY2024 Form 990 (year ending September 2024) · see the original

You’re viewing the FY2024 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 May 2021.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $838K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $134K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Vice President
$46,600Pt VII · Sec A
$34,820Pt VII · Sec A
$20,736Pt VII · Sec A
$16,220Pt VII · Sec A
$15,998Pt VII · Sec A
President
$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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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

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

Provided by the organization

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1 program service account for $838K of program spending, described in the organization's own filed words · FY2023.
01

(Code B24) Officers Compensation $134,374, Employee Salaries 323,655 Payroll Taxes 53,705, Professional Fees 42,801, Advertising 2,219, Office Expenses 9,158, Depreciation 19,498, Insurance 13,346, Rent 109,081, Utilities 31,193, Other Expenses 99,133.

$838Kprogram expense

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Funders

Who pays for it.

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$813K
Ln 12
Fees for servicesLn 2g$813K
Money outPt IX
$838K
Ln 25
Programscol B$838K
Owns and owesPt X
$84K
net assets · Ln 32
Cash and savingsLn 1–2$52K
Total assetsLn 16$99K
LiabilitiesLn 26$15K
PeoplePt VI, VII
6
listed · VII A
PaidVII A5
Voting boardVI 1a6
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$813K
Total revenueLn 12$813K
Assets in detailPt X, end of year
CashLn 1$52K
Cash and savings togetherLn 1–2$52K
Land, buildings, equipmentLn 10c$35K
Total assetsLn 16$99K
LiabilitiesLn 26$15K
Net assetsLn 32$84K
OperationsPt I, VI
EmployeesI 542
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$60K$52K
Land, buildings, equipmentLn 10c$55K$35K
Total assetsLn 16$120K$99K
LiabilitiesLn 26$17K$15K
Net assetsLn 32$104K$84K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$134K$134K
Other salaries and wagesLn 7$324K$324K
Payroll taxesLn 10$54K$54K
Management feesLn 11a$35K$35K
Accounting feesLn 11c$8K$8K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$9K$9K
Depreciation, depletion and amortizationLn 22$19K$19K
InsuranceLn 23$13K$13K
Other expenses (24a–d)Ln 24$239K$239K
Total functional expensesLn 25$838K$838K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $813K$838K−$25K$84K 990 PDF
FY2023 $793K$830K−$36K$104K 990 PDF
FY2022 $721K$697K$24K$140K 990 PDF
FY2021 $676K$573K$103K$116K 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
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $813,469 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $813,469$813,469
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $813,469$813,469
Part IX · Statement of functional expenses $838,157 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $134,374$134,374
IX-7 Other salaries and wagesPrograms $323,655$323,655
IX-10 Payroll taxesPrograms $53,705$53,705
IX-11a Management feesPrograms $34,511$34,511
IX-11c Accounting feesPrograms $8,290$8,290
IX-12 Advertising and promotionPrograms $2,219$2,219
IX-13 Office expensesPrograms $9,158$9,158
IX-22 Depreciation, depletion and amortizationPrograms $19,498$19,498
IX-23 InsurancePrograms $13,340$13,340
IX-24 Other expenses (24a–d)Programs $239,407$239,407
IX-25 Total functional expensesPrograms $838,157 · Management $0 · Fundraising $0$838,157
Part X · Balance sheet $98,826 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $60,334$51,874
X-4 Accounts receivableStart of year $4,709$11,034
X-9 Prepaid expenses and deferred chargesStart of year $810$810
X-10c Land, buildings and equipment, netStart of year $54,605$35,108
X-16 Total assetsStart of year $120,458$98,826
X-17 Accounts payable and accrued expensesStart of year $16,577$14,519
X-26 Total liabilitiesStart of year $16,577$14,519
X-32 Total net assets or fund balancesStart of year $103,881$84,307
X-33 Total liabilities and net assetsStart of year $120,458$98,826
Part XI · Reconciliation of net assets $84,307 net assets at year end
XI-1 Total revenue$813,469
XI-2 Total expenses$838,157
XI-3 Revenue less expenses−$24,688
XI-4 Net assets at start of year$103,881
XI-8 Prior period adjustments$19,633
XI-10 Net assets at end of year$84,307

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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