Form 990 for tax year 2023

Filed by CORPORACION EDUCATIVA RAMON BARQUIN.

Totals

Total revenue: $12,178,749
Total expenses: $7,384,498
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $6,885,960
Investment income: $192
Other revenue: $5,292,597
Total assets, end of year: $14,717,271
Total liabilities, end of year: $7,736,372
Net assets or fund balances, end of year: $6,980,899
Program services expenses (Part IX): $5,880,995
Management and general expenses: $1,503,503
Fundraising expenses: $0
Program service expenses (Part III): $5,880,995

Program services were 79.6% 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 $6,885,960 · related or exempt $6,885,960 · 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 $192 · related or exempt $192 · 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 $320,293 · personal property $0
6b · Less rental expenses

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

real property $320,293 · personal property $0
6d · Net rental income or loss

total $320,293 · related or exempt $320,293 · unrelated business $0 · excluded $0
7c · Gain or loss

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

total $4,650,977 · related or exempt $4,650,977 · unrelated business $0 · excluded $0
11b · Other revenue: OTHER MISC SALES & SERV

total $321,327 · related or exempt $321,327 · unrelated business $0 · excluded $0
11d · All other revenue

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

$4,972,304

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $408,073 · management and general $408,073
7 · Other salaries and wages

total $3,219,226 · program services $3,219,226
10 · Payroll taxes

total $646,139 · program services $581,525 · management and general $64,614
11a · Fees: management

total $411,986 · management and general $411,986
11b · Fees: legal

total $35,249 · management and general $35,249
11c · Fees: accounting

total $25,261 · management and general $25,261
12 · Advertising and promotion

total $23,005 · program services $23,005
13 · Office expenses

total $125,346 · management and general $125,346
17 · Travel

total $15,075 · management and general $15,075
20 · Interest

total $47,018 · program services $42,316 · management and general $4,702
22 · Depreciation, depletion and amortization

total $621,014 · program services $558,913 · management and general $62,101
23 · Insurance

total $209,833 · program services $188,850 · management and general $20,983
24a · Other expenses: BANK CHARGES

total $232,149 · program services $0 · management and general $232,149 · fundraising $0
24b · Other expenses: REPAIR & MAINTENANCE

total $592,444 · program services $533,200 · management and general $59,244 · fundraising $0
24c · Other expenses: UTILITIES

total $387,197 · program services $348,477 · management and general $38,720 · fundraising $0
24d · Other expenses: STUDENTS ENRICHMENT & EDUCATION SUPPLIES

total $385,483 · program services $385,483 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $323,952 · end of year $4,926,162
4 · Accounts receivable

beginning of year $252,468 · end of year $49,378
10a · Land, buildings and equipment: cost or other basis

$24,775,014
10b · Land, buildings and equipment: accumulated depreciation

$15,081,038
10c · Land, buildings and equipment, net

beginning of year $9,916,284 · end of year $9,693,976
11 · Investments: publicly traded securities

beginning of year $35,142 · end of year $40,075
15 · Other assets

beginning of year $7,681 · end of year $7,680
17 · Accounts payable and accrued expenses

beginning of year $520,200 · end of year $6,830,345
19 · Deferred revenue

beginning of year $908,087 · end of year $906,027
24 · Unsecured notes and loans payable

beginning of year $6,920,592
27 · Net assets without donor restrictions

beginning of year $2,186,648 · end of year $6,980,899
28 · Net assets with donor restrictions

beginning of year $0 · end of year $0

Mission and programs · 2023

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 $5,880,995 · Revenue $12,178,749

As filed on the 2023 return.

Listed in Part VII

Michelle Alfaro

Superintendent

Total calculated

$122,218

From this org

$122,218

From related orgs

$0

Other

$0

Hours/week

40 + 40 related

Schedule J breakdown matched by us

Base

$122,218

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$0

Filer's total

$122,218
Juan C Consuegra Barquin

CEO

Total calculated

$121,322

From this org

$121,322

From related orgs

$0

Other

$0

Hours/week

40 + 40 related

Schedule J breakdown matched by us

Base

$121,322

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$0

Filer's total

$121,322
Liliam Barquin Cantero

CFE / Trustee

Total calculated

$117,670

From this org

$117,670

From related orgs

$0

Other

$0

Hours/week

40 + 40 related

Schedule J breakdown matched by us

Base

$117,670

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$0

Filer's total

$117,670
Janet M Menendez

Comptroller

Total calculated

$46,863

From this org

$46,863

From related orgs

$0

Other

$0

Hours/week

40 + 40 related
Ramon Barquin Cantero

Emeritus President

Total calculated

$0

Hours/week

1 + 1 related
Ramon C Barquin Torres

President

Total calculated

$0

Hours/week

5
Juan C Ramirez de Arellano

Vice President

Total calculated

$0

Hours/week

1
Alexandra Fernandez Navarro

Second Vice President

Total calculated

$0

Hours/week

2
Nivis M Gonzalez Rodriguez

Secretary

Total calculated

$0

Hours/week

1
Ofelia Garcia Barcena

Trustee

Total calculated

$0

Hours/week

0
Eugenia I Orsini Herencia

Trustee

Total calculated

$0

Hours/week

0
Jose M Gomez Leon

Trustee

Total calculated

$0

Hours/week

1
Ernesto Smith Bringas

Trustee

Total calculated

$0

Hours/week

1
Frank J Arenal La Rosa

Trustee

Total calculated

$0

Hours/week

0
Zayira Jordan Conde

Trustee

Total calculated

$0

Hours/week

0

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 $50,437 · share of assets $81,776

Provenance

Return type: form_990
Tax year: 2023
Filed: 3 February 2025
IRS schema version: 2023v6.0
Source object: 202500349349301760

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