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Nonprofiteer
← CENTRO ESPERANZA INC

Form 990 for tax year 2024

Filed by CENTRO ESPERANZA INC.

Totals

Total revenue
$1,128,998
Total expenses
$839,388
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,128,998
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,489,856
Total liabilities, end of year
$58,581
Net assets or fund balances, end of year
$1,431,275
Program services expenses (Part IX)
$780,756
Management and general expenses
$54,582
Fundraising expenses
$4,050
Program service expenses (Part III)
$780,756

Program services were 93.0% 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.

  • 2f · All other program service revenue

    total $1,128,998 · related or exempt $1,128,998 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $375,866 · program services $344,590 · management and general $31,276

  • 10 · Payroll taxes

    total $43,195 · program services $39,601 · management and general $3,594

  • 13 · Office expenses

    total $5,460 · program services $5,026 · management and general $434

  • 22 · Depreciation, depletion and amortization

    total $63,588 · program services $58,297 · management and general $5,291

  • 23 · Insurance

    total $40,075 · program services $36,741 · management and general $3,334

  • 24a · Other expenses: PROFESSIONAL FEES

    total $151,256 · program services $146,161 · management and general $5,095

  • 24b · Other expenses: EDUCATIONAL MATERIAL

    total $11,405 · program services $11,405 · management and general $0 · fundraising $0

  • 24c · Other expenses: SECURITY

    total $14,400 · program services $13,202 · management and general $1,198

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $17,257 · program services $15,821 · management and general $1,436

  • 24e · All other expenses

    total $116,886 · program services $109,912 · management and general $2,924 · fundraising $4,050

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $41,856 · end of year $175,908

  • 4 · Accounts receivable

    beginning of year $32,675 · end of year $9,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,033 · end of year $16,639

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

    $2,424,167

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

    $1,136,358

  • 10c · Land, buildings and equipment, net

    beginning of year $1,110,317 · end of year $1,287,809

  • 15 · Other assets

    beginning of year $500 · end of year $500

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,368 · end of year $38,389

  • 23 · Secured mortgages and notes payable

    beginning of year $7,084 · end of year $3,701

  • 24 · Unsecured notes and loans payable

    beginning of year $27,264 · end of year $16,491

  • 27 · Net assets without donor restrictions

    beginning of year $1,003,197 · end of year $1,324,262

  • 28 · Net assets with donor restrictions

    beginning of year $138,468 · end of year $107,013

Mission and programs · 2024

Mission

THE ORGANIZATION MISSION IS TO PROMOTE AND FACILITATE THE INTEGRAL DEVELOPMENT OF THE CHILDREN AND FAMILIES OF LIMITED FINANCIAL RESOURCES OF LOIZA AND NEIGHBORING TOWNS THROUGH A HIGH STANDARD EDUCATION AND TO SERVE AND SUPPORT THE FAMILIES IN ORDER TO ASSURE THIER WELL BEING.

Activities or mission (Part I)

THE ORGANIZATION MISSION IS TO PROMOTE AND FACILITATE THE INTEGRAL DEVELOPMENT OF THE CHILDREN AND FAMILIES OF LIMITED FINANCIAL RESOURCES OF LOIZA AND NEIGHBORING TOWNS THROUGH AN EXCELLENCE IN THE EDUCATION AND TO SERVE AS SUPPORT TO THEM.

  • MONTESSORY PROGRAM. THE PROGRAM IS DESIGNED TO PROVIDE EDUCATION BASED ON MONTESSORI METHOD FOR CHILDREN WITHIN AGE 1.5 TO 9 AND STUDENTS FROM PRE KINDERGARTEN TO THIRD GRADE. TRANSPORTATION AND NUTRITION ARE OFFERED TO STUDENTS. SINCE INCEPTION, THE PROGRAM HAS SERVED APPROXIMATELY 852 CHILD. THE GOAL OF THE PROGRAM IS TO EDUCATE THE CHILDS INTELLECTUALLY, PHYSICALLY, EMOTIONALLY, MORALLY, AND SPIRITUALLY TO BE CONSTRUCTIVE HONORABLE CITIZENS FOR THE SOCIETY.

    Expenses $646,982 · Revenue $646,982

  • MUSIC PROGRAM. MELODIAS DE ESPERANZA. THE MUSIC PROGRAM PROVIDES INDIVIDUALIZED MUSIC EDUCATION TO YOUTHS WITHIN THE AGE OF 4 TO 18 YEARS OLD. THE PROGRAM COMBINES THEORY AND PRACTICE TO PREPARE THE STUDENTS TO CONTINUE MUSIC EDUCATION IN OTHER SPECIALIZED MUSIC SCHOOLS AND UNIVERSITIES. SINCE INCEPTION, THE PROGRAM HAS SERVED APPROXIMATELY 775 CHILDS AND YOUTHS OF THE MUNICIPALITY OF LOIZA AND NEIGHBORING TOWNS.

    Expenses $43,302 · Revenue $43,302

  • "VIDA Y ESPERANZA"PROGRAM. THE PROGRAM OFFERS COUNSELING AND PSYCHOLOGY THERAPY TO COUPLES, FAMILIES AND INDIVIDUALS AFFECTED BY VIOLENCE AND OTHER PSYCHOSOCIAL PROBLEMS. IN ADDITION, THE PROGRAM PROVIDES PSYCHOLOGY EVALUATIONS AND PSYCHOMETRICS TESTS TO CHILD WHOSE FAMILIES DOES NOT HAVE THE ECONOMIC RESOURCES. SINCE INCEPTION, THE PROGRAM HAS SERVED APPROXIMATELY 4,769 PARTICIPANTS OF THE MUNICIPALITY OF LOIZA AND ADJACENT AREAS.

    Expenses $90,020 · Revenue $90,020

  • TURISMO PATRIMONIAL

    Expenses $452 · Revenue $452

As filed on the 2024 return.

Listed in Part VII

  • Sor Claribel Camacho Hc

    EXECUTIVE DIRECTOR

    Total calculated
    $2,060
    From this org
    $2,060
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Rosa J Calcano Rivera

    PRESIDENT

    Total calculated
    $0
    Hours/week
    24

  • Maria Cecilia Ortiz Elicier

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    24

  • Alejandra Guadalupe Castro

    SECRETARY

    Total calculated
    $0
    Hours/week
    24

  • Myriam E Santiago Rodriguez

    TREASURER

    Total calculated
    $0
    Hours/week
    24

  • Enox Medina De Jesus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    24

  • Luz Arelis Martinez Cruz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    24

  • Sonia Priscilla Torres Velazquez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    24

  • Evangelina Torres Velazquez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    24

  • Sor Carmen Morales Vera

    BOARD MEMBERS

    Total calculated
    $0
    Hours/week
    24

  • Natalia Garcia

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    24

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
7 February 2026
IRS schema version
2024v5.0
Source object
202610549349301316

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