Form 990 for tax year 2022

Filed by CORPORACION EDUCATIVA RAMON BARQUIN.

Totals

Total revenue: $7,433,555
Total expenses: $7,878,765
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $6,300,938
Investment income: $333
Other revenue: $1,132,284
Total assets, end of year: $10,484,159
Total liabilities, end of year: $8,394,115
Net assets or fund balances, end of year: $2,090,044
Program services expenses (Part IX): $6,253,675
Management and general expenses: $1,625,090
Fundraising expenses: $0
Program service expenses (Part III): $6,253,675

Program services were 79.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

2a · Program service revenue: Student Tuition and fees

total $6,300,938 · related or exempt $6,300,938 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $333 · related or exempt $333 · unrelated business $0 · excluded $0
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6a · Gross rents

real property $463,267 · personal property $0
6b · Less rental expenses

real property $0 · personal property $0
6c · Rental income or loss

real property $463,267 · personal property $0
6d · Net rental income or loss

total $463,267 · related or exempt $463,267 · unrelated business $0 · excluded $0
7c · Gain or loss

securities $0 · other assets $0
11a · Other revenue: STATE GRANT

total $245,674 · related or exempt $245,674 · unrelated business $0 · excluded $0
11b · Other revenue: OTHER MISC SALES & SERV

total $423,343 · related or exempt $423,343 · unrelated business $0 · excluded $0
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$669,017

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $389,558 · management and general $389,558
7 · Other salaries and wages

total $3,281,972 · program services $3,281,972
10 · Payroll taxes

total $551,514 · program services $413,635 · management and general $137,879
11a · Fees: management

total $249,431 · management and general $249,431
11b · Fees: legal

total $19,955 · management and general $19,955
11c · Fees: accounting

total $63,189 · management and general $63,189
12 · Advertising and promotion

total $73,824 · program services $73,824
13 · Office expenses

total $195,329 · management and general $195,329
17 · Travel

total $38,069 · management and general $38,069
20 · Interest

total $316,881 · program services $285,193 · management and general $31,688
22 · Depreciation, depletion and amortization

total $618,735 · program services $556,862 · management and general $61,873
23 · Insurance

total $138,278 · program services $27,656 · management and general $110,622
24a · Other expenses: UTILITIES

total $349,479 · program services $314,531 · management and general $34,948
24b · Other expenses: REPAIR & MAINTENANCE

total $648,603 · program services $583,743 · management and general $64,860
24c · Other expenses: STUDENTS ENRICHMENT & EDUCATION SUPLI

total $716,259 · program services $716,259 · management and general $0
24d · Other expenses: BANK CHARGES

total $163,928 · program services $0 · management and general $163,928
24e · All other expenses

total $63,761 · management and general $63,761

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1,915,014 · end of year $296,259
4 · Accounts receivable

beginning of year $190,494 · end of year $109,403
10a · Land, buildings and equipment: cost or other basis

$24,376,308
10b · Land, buildings and equipment: accumulated depreciation

$14,460,024
10c · Land, buildings and equipment, net

beginning of year $9,013,352 · end of year $9,916,284
11 · Investments: publicly traded securities

beginning of year $23,515 · end of year $155,533
15 · Other assets

beginning of year $35,734 · end of year $6,680
17 · Accounts payable and accrued expenses

beginning of year $7,361,194 · end of year $7,486,028
19 · Deferred revenue

beginning of year $990,978 · end of year $908,087
24 · Unsecured notes and loans payable

beginning of year $290,683
27 · Net assets without donor restrictions

beginning of year $2,535,254 · end of year $2,090,044
28 · Net assets with donor restrictions

beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

To develop students into leaders and instill in them the spiritual, democratic and civic values necessary to promote a positive transformation of our society. To develop students holistically in an environment of human dignity and academy excellence.

As an educational institution the largest and primary exempt purpose achievement has been to develop the learning skills and spiritual, democratic and civic values of the pre-school, primary, elementary and secondary students in order to become excellent professionals and ecological, biological, psychological and social well-beings.

Expenses $6,253,675

As filed on the 2022 return.

Listed in Part VII

Juan C Consuegra Barquin

CEO

Total calculated

$123,300

From this org

$123,300

From related orgs

$0

Other

$0

Hours/week

40 + 40 related

Schedule J breakdown matched by us

Base

$84,000

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$0

Filer's total

$84,000
Michelle Alfaro

Superintendent

Total calculated

$112,058

From this org

$112,058

From related orgs

$0

Other

$0

Hours/week

40 + 40 related
Liliam Barquin Consuegra

CFE/ Trustee

Total calculated

$105,600

From this org

$105,600

From related orgs

$0

Other

$0

Hours/week

40 + 40 related
Janet M MenendezJANET M MENENDEZ

COMPTROLLER

Total calculated

$48,600

From this org

$48,600

From related orgs

$0

Other

$0

Hours/week

40 + 40 related
Teresa Cruz

Trustee

Total calculated

$0

Hours/week

1 + 1 related
Vivian Simonet

Trustee

Total calculated

$0

Hours/week

40 + 40 related

Schedule J breakdown matched by us

Base

$51,513

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$0

Filer's total

$51,513
Ramon C Barquin III

Trustee

Total calculated

$0

Hours/week

18 + 18 related
Ramon C Barquin II

Vice President

Total calculated

$0

Hours/week

8 + 8 related
Jose Gomez

Trustee

Total calculated

$0

Hours/week

1 + 1 related
Juan I Gomez

Trustee

Total calculated

$0

Hours/week

1 + 1 related
Johny Fernandez

Trustee

Total calculated

$0

Hours/week

1 + 1 related
Rafael Portela

Trustee

Total calculated

$0

Hours/week

1 + 1 related
Juan Consuegra Valdes

President of the Board

Total calculated

$0

Hours/week

40 + 40 related
Javier Capestany

Trustee

Total calculated

$0

Hours/week

1 + 1 related
Maria A Dallmayr

TRUSTEE

Total calculated

$0

Hours/week

1 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Las Americas Parking System Inc

C · Parking · PR · 100% owned · share of income $16,837 · share of assets $109,535

Provenance

Return type: form_990
Tax year: 2022
Filed: 17 June 2024
IRS schema version: 2022v5.0
Source object: 202411709349300606

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