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Nonprofiteer
← TASIS DORADO EDUCATIONAL FOUNDATION INC

Form 990 for tax year 2024

Filed by TASIS DORADO EDUCATIONAL FOUNDATION INC.

Totals

Total revenue
$46,255,137
Total expenses
$18,731,641
Contributions and grants received
$24,836,445
Grants paid
$0
Program service revenue
$17,572,293
Investment income
$2,453,493
Other revenue
$1,392,906
Total assets, end of year
$74,051,240
Total liabilities, end of year
$16,718,887
Net assets or fund balances, end of year
$57,332,353
Program services expenses (Part IX)
$13,148,039
Management and general expenses
$5,583,602
Fundraising expenses
$0
Program service expenses (Part III)
$13,148,039

Program services were 70.2% 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.

  • 1e · Government grants (contributions)

    $1,426

  • 1f · All other contributions, gifts and grants

    $24,835,019

  • 1g · Noncash contributions included above

    $14,813,742

  • 2a · Program service revenue: TUITION AND ENROLLMENT FEES

    total $17,521,507 · related or exempt $17,521,507

  • 2b · Program service revenue: RENTAL INCOME

    total $50,786 · related or exempt $50,786

  • 3 · Investment income

    total $1,871,505 · related or exempt $1,871,505

  • 4 · Income from investment of tax-exempt bond proceeds

    total $581,988 · related or exempt $581,988

  • 11a · Other revenue: BUILDING FUND FEES

    total $1,147,325 · related or exempt $1,147,325

  • 11b · Other revenue: EXCLUDABLE GAIN- SECTION 865

    total $154,956 · related or exempt $154,956

  • 11c · Other revenue: OTHER REVENUE

    total $90,625 · related or exempt $90,625

  • 11e · Other revenue, total

    $1,392,906

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $976,783 · program services $784,413 · management and general $192,370

  • 7 · Other salaries and wages

    total $7,608,774 · program services $3,795,943 · management and general $3,812,831

  • 8 · Pension plan contributions

    total $207,181 · program services $110,530 · management and general $96,651

  • 9 · Other employee benefits

    total $970,339 · program services $517,671 · management and general $452,668

  • 10 · Payroll taxes

    total $690,521 · program services $368,390 · management and general $322,131

  • 11b · Fees: legal

    total $62,410 · management and general $62,410

  • 11c · Fees: accounting

    total $45,572 · management and general $45,572

  • 11g · Fees: other

    total $748,187 · program services $226,665 · management and general $521,522

  • 12 · Advertising and promotion

    total $100,979 · program services $100,979

  • 13 · Office expenses

    total $123,172 · program services $123,172

  • 16 · Occupancy

    total $249,488 · program services $249,488

  • 17 · Travel

    total $18,697 · program services $18,697

  • 20 · Interest

    total $429,744 · program services $429,744

  • 22 · Depreciation, depletion and amortization

    total $1,029,106 · program services $1,015,924 · management and general $13,182

  • 23 · Insurance

    total $255,406 · program services $201,567 · management and general $53,839

  • 24a · Other expenses: SCHOLARSHIPS

    total $1,399,618 · program services $1,399,618

  • 24b · Other expenses: UTILITIES

    total $581,920 · program services $581,920

  • 24c · Other expenses: REPAIR AND MAINTENANCE

    total $573,164 · program services $573,164

  • 24d · Other expenses: NON RESIDENT FEE

    total $513,125 · program services $513,125

  • 24e · All other expenses

    total $2,147,455 · program services $2,137,029 · management and general $10,426

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,346,239 · end of year $973,299

  • 2 · Savings and temporary cash investments

    beginning of year $6,409,221 · end of year $12,422,749

  • 4 · Accounts receivable

    beginning of year $308,140 · end of year $279,456

  • 9 · Prepaid expenses and deferred charges

    beginning of year $389,730 · end of year $644,621

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

    $26,267,347

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

    $5,490,651

  • 10c · Land, buildings and equipment, net

    beginning of year $20,983,587 · end of year $20,776,696

  • 11 · Investments: publicly traded securities

    beginning of year $11,256,305 · end of year $32,714,991

  • 14 · Intangible assets

    beginning of year $2,824,938 · end of year $2,824,938

  • 15 · Other assets

    beginning of year $407,039 · end of year $3,414,490

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,185,058 · end of year $1,242,496

  • 19 · Deferred revenue

    beginning of year $12,178,492 · end of year $11,550,297

  • 24 · Unsecured notes and loans payable

    beginning of year $25,680 · end of year $71,364

  • 25 · Other liabilities

    beginning of year $727,112 · end of year $3,854,730

  • 27 · Net assets without donor restrictions

    beginning of year $25,572,034 · end of year $54,375,214

  • 28 · Net assets with donor restrictions

    beginning of year $4,236,823 · end of year $2,957,139

Mission and programs · 2024

Mission

PROVIDE EDUCATIONAL SERVICES AND RAISING FUNDS THROUGH DONATIONS TO BE UTILIZED TO PROVIDE SCHOLARSHIP GRANTS AND FINANCIAL ASSISTANCE FOR TUITION AND OTHER RELATED EDUCATIONAL COSTS.

Activities or mission (Part I)

PROVIDE EDUCATIONAL SERVICES AND RAISING FUNDS THROUGH DONATIONS TO GRANT SCHOLARSHIPS AND FINANCIAL ASSISTANCE FOR TUITION.

  • TUITION AND EDUCATIONAL SERVICES AND RAISING FUNDS THROUGH DONATIONS TO BE UTILIZED TO PROVIDE SCHOLARSHIP GRANTS AND FINANCIAL ASSISTANCE FOR TUITION AND OTHER EDUCATIONAL RELATED COSTS TO STUDENTS RESIDING IN PUERTO RICO AND ENROLLED IN TASIS SCHOOL OF DORADO.

    Expenses $13,148,039 · Revenue $17,521,507

As filed on the 2024 return.

Listed in Part VII

  • James McCartney

    ASSIST. HEAD

    Total calculated
    $257,986
    From this org
    $256,630
    From related orgs
    $0
    Other
    $1,356
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,630
    Bonus
    not reported
    Other
    $121,000
    Deferred
    $1,356
    Nontaxable benefits
    not reported
    Filer's total
    $257,986

  • Sylvia Rodriguez

    PRINCIPAL

    Total calculated
    $248,713
    From this org
    $238,313
    From related orgs
    $0
    Other
    $10,400
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,313
    Bonus
    not reported
    Other
    $108,000
    Deferred
    $10,400
    Nontaxable benefits
    not reported
    Filer's total
    $248,713

  • Deborah K Monroe

    HEAD OF SCHO

    Total calculated
    $191,122
    From this org
    $183,180
    From related orgs
    $0
    Other
    $7,942
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,189
    Bonus
    not reported
    Other
    $27,991
    Deferred
    $7,942
    Nontaxable benefits
    not reported
    Filer's total
    $191,122

  • Dennis E Figueroa

    DIRECTOR OF

    Total calculated
    $140,607
    From this org
    $137,240
    From related orgs
    $0
    Other
    $3,367
    Hours/week
    40

  • Fernando L Gonzalez

    DIRECTOR

    Total calculated
    $51,250
    From this org
    $51,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Federico Stubbe

    CHAIRMAN OF

    Total calculated
    $25,905
    From this org
    $0
    From related orgs
    $0
    Other
    $25,905
    Hours/week
    5

  • Ceciliana Stubbe

    DIRECTOR OF

    Total calculated
    $25,152
    From this org
    $0
    From related orgs
    $0
    Other
    $25,152
    Hours/week
    5

  • Linda Vester

    MEMBER BOD

    Total calculated
    $18,160
    From this org
    $0
    From related orgs
    $0
    Other
    $18,160
    Hours/week
    5

  • Betzaida Garcia

    DIRECTOR BOD

    Total calculated
    $17,375
    From this org
    $0
    From related orgs
    $0
    Other
    $17,375
    Hours/week
    5

  • Eduardo Cortes

    BOD TREASURE

    Total calculated
    $0
    Hours/week
    5

  • Michael Flaherty

    DIRECTOR BOD

    Total calculated
    $0
    Hours/week
    5

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.

Provenance

Return type
form_990
Tax year
2024
Filed
21 January 2026
IRS schema version
2024v5.0
Source object
202600219349300005

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