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Nonprofiteer
← ACERO MARQUEZ CAMPUS INC

Form 990 for tax year 2023

Filed by ACERO MARQUEZ CAMPUS INC.

Totals

Total revenue
$63,370
Total expenses
$234,405
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$63,370
Total assets, end of year
$9,310,784
Total liabilities, end of year
$7,390,502
Net assets or fund balances, end of year
$1,920,282
Program services expenses (Part IX)
$234,405
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$234,405

Program services were 100.0% 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.

  • 11a · Other revenue: EXTINGUISHMENT OF TAX

    total $63,370 · unrelated business $63,370

  • 11e · Other revenue, total

    $63,370

Functional expenses

Part IX, the statement of functional expenses.

  • 22 · Depreciation, depletion and amortization

    total $234,405 · program services $234,405

Balance sheet

Part X, book values.

  • 10a · Land, buildings and equipment: cost or other basis

    $12,322,689

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,011,956

  • 10c · Land, buildings and equipment, net

    beginning of year $9,545,138 · end of year $9,310,733

  • 15 · Other assets

    beginning of year $51 · end of year $51

  • 25 · Other liabilities

    beginning of year $7,453,872 · end of year $7,390,502

  • 27 · Net assets without donor restrictions

    beginning of year $2,091,317 · end of year $1,920,282

Mission and programs · 2023

Mission

THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE EDUCATIONAL PURPOSES OF ACERO CHARTER SCHOOLS, INC.

  • ACQUIRE, OWN, HOLD, LEASE, OPERATE, MANAGE, MAINTAIN, DEVELOP AND IMPROVE THE MARQUEZ CAMPUS PROPERTY.

    Expenses $234,405

As filed on the 2023 return.

Listed in Part VII

  • Richard Valerga

    PRESIDENT

    Total calculated
    $229,899
    From this org
    $0
    From related orgs
    $193,165
    Other
    $36,734
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,741 related
    Bonus
    $0 + $11,424 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $36,734 related
    Filer's total
    $0 + $229,899 related
  • Miguel Tovar

    VICE PRESIDENT (THROUGH MAY 2023)

    Total calculated
    $99,771
    From this org
    $0
    From related orgs
    $93,244
    Other
    $6,527
    Hours/week
    3 + 40 related
  • Helena Stangle

    TREASURER

    Total calculated
    $220,558
    From this org
    $0
    From related orgs
    $200,056
    Other
    $20,502
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $188,632 related
    Bonus
    $0 + $11,424 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $20,502 related
    Filer's total
    $0 + $220,558 related
  • Simon Yohanan

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Edwin Morales

    VICE PRESIDENT (SINCE JUNE 2023)

    Total calculated
    $105,949
    From this org
    $0
    From related orgs
    $92,779
    Other
    $13,170
    Hours/week
    3 + 40 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

The filer's explanations (Part III)

SCHEDULE J, PART III
THE FILING ORGANIZATION RELIED ON A RELATED ORGANIZATION TO ESTABLISH COMPENSATION FOR THE ORGANIZATION'S PRESIDENT AND CEO. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION. THE RELATED ORGANIZATION REVIEWS THE COMPENSATION MARKET RATE FOR INDIVIDUALS IN COMPARABLE POSITIONS THRU WEBSITES FOR COMPARABILITY PRIOR TO PRESENTING THE COMPENSATION PACKAGE TO THE INDEPENDENT BOARD OF DIRECTORS. THIS DOES NOT INCLUDE THOSE INDIVIDUALS WHOSE COMPENSATION IS BEING CONSIDERED. THE INDEPENDENT BOARD OF DIRECTORS REVIEW THE REASONABLENESS OF THE COMPENSATION ARRANGEMENT AND APPROVAL IS DOCUMENTED IN THE BOARD MINUTES.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
9 August 2024
IRS schema version
2023v5.1
Source object
202402289349302430

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