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Nonprofiteer
← BALDWIN SCHOOL OF PUERTO RICO INC

Form 990 for tax year 2024

Filed by BALDWIN SCHOOL OF PUERTO RICO INC.

Totals

Total revenue
$17,830,093
Total expenses
$18,067,276
Contributions and grants received
$901,738
Grants paid
$285,205
Program service revenue
$16,004,752
Investment income
$331,315
Other revenue
$592,288
Total assets, end of year
$26,595,136
Total liabilities, end of year
$19,991,319
Net assets or fund balances, end of year
$6,603,817
Program services expenses (Part IX)
$14,651,124
Management and general expenses
$3,416,152
Fundraising expenses
$0
Program service expenses (Part III)
$14,651,124

Program services were 81.1% 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.

  • 1f · All other contributions, gifts and grants

    $901,738

  • 2a · Program service revenue: STUDENT TUITION

    total $13,350,882 · related or exempt $13,350,882

  • 2b · Program service revenue: BUILDING FEE

    total $1,704,000 · related or exempt $1,704,000

  • 2c · Program service revenue: TECHNOLOGY FEE

    total $422,500 · related or exempt $422,500

  • 2d · Program service revenue: ENROLLMENT FEE

    total $328,800 · related or exempt $328,800

  • 2e · Program service revenue: INITIAL ENROLLMENT FEE

    total $144,000 · related or exempt $144,000

  • 2f · All other program service revenue

    total $54,570 · related or exempt $54,570

  • 3 · Investment income

    total $124,662 · excluded $124,662

  • 7a · Gross sales of assets other than inventory

    securities $2,925,871

  • 7b · Less cost or other basis and sales expenses

    securities $2,719,218

  • 7c · Gain or loss

    securities $206,653

  • 7d · Net gain or loss

    total $206,653 · excluded $206,653

  • 8a · Fundraising events: gross income

    $125,660

  • 8b · Fundraising events: direct expenses

    $41,877

  • 8c · Net income from fundraising events

    total $83,783

  • 11a · Other revenue: SUMMER SCHOOL INCOME

    total $174,087 · related or exempt $174,087

  • 11b · Other revenue: SCHOLARSHIP FUND

    total $131,038 · related or exempt $131,038

  • 11c · Other revenue: AFTERCARE PROGRAM & EXAM FEES

    total $83,175 · related or exempt $83,175

  • 11d · All other revenue

    total $120,205 · related or exempt $120,205

  • 11e · Other revenue, total

    $508,505

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $285,205 · program services $285,205

  • 5 · Compensation of officers, directors and key employees

    total $441,250 · management and general $441,250

  • 7 · Other salaries and wages

    total $8,497,156 · program services $7,323,849 · management and general $1,173,307

  • 8 · Pension plan contributions

    total $482,992 · management and general $482,992

  • 9 · Other employee benefits

    total $1,092,485 · program services $1,092,485

  • 10 · Payroll taxes

    total $775,878 · program services $775,878

  • 11b · Fees: legal

    total $114,358 · management and general $114,358

  • 11g · Fees: other

    total $839,573 · program services $811,985 · management and general $27,588

  • 12 · Advertising and promotion

    total $26,681 · management and general $26,681

  • 13 · Office expenses

    total $383,998 · program services $383,998

  • 14 · Information technology

    total $252,638 · program services $252,638

  • 17 · Travel

    total $25,232 · management and general $25,232

  • 20 · Interest

    total $470,863 · management and general $470,863

  • 22 · Depreciation, depletion and amortization

    total $1,001,766 · program services $801,413 · management and general $200,353

  • 23 · Insurance

    total $382,737 · program services $382,737

  • 24a · Other expenses: STAFF AND FAMILY TUITION

    total $1,335,222 · program services $1,335,222

  • 24b · Other expenses: BANK CHARGES

    total $433,573 · management and general $433,573

  • 24c · Other expenses: SECURITY GUARDS

    total $312,537 · program services $312,537

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $168,739 · program services $168,739

  • 24e · All other expenses

    total $744,393 · program services $724,438 · management and general $19,955

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $919,193 · end of year $661,733

  • 4 · Accounts receivable

    beginning of year $6,021 · end of year $10,178

  • 9 · Prepaid expenses and deferred charges

    beginning of year $250,488 · end of year $177,456

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

    $43,672,423

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

    $21,329,776

  • 10c · Land, buildings and equipment, net

    beginning of year $20,260,077 · end of year $22,342,647

  • 11 · Investments: publicly traded securities

    beginning of year $4,186,538 · end of year $1,799,109

  • 15 · Other assets

    beginning of year $1,969,062 · end of year $1,604,013

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,521,680 · end of year $1,491,385

  • 20 · Tax-exempt bond liabilities

    beginning of year $7,987,190 · end of year $7,784,611

  • 21 · Escrow or custodial account liability

    beginning of year $489,609 · end of year $369,451

  • 23 · Secured mortgages and notes payable

    beginning of year $1,000,000 · end of year $1,000,000

  • 25 · Other liabilities

    beginning of year $8,555,211 · end of year $9,345,872

  • 27 · Net assets without donor restrictions

    beginning of year $4,827,386 · end of year $6,603,817

  • 28 · Net assets with donor restrictions

    beginning of year $2,210,303

Mission and programs · 2024

Mission

BALDWIN IS AN INDEPENDENT, NOT-FOR-PROFIT, NON-SECTARIAN, COLLEGE PREPARATORY ENGLISH LANGUAGE SCHOOL WHOSE MISSION IS TO OFFER A RIGOROUS CURRICULUM IN A NURTURING ENVIRONMENT, CHALLENGING STUDENTS TO BE THOUGHTFUL LEARNERS AND ENGAGED, COMPASSIONATE CULTURALY AWARE CITIZENS IN A DIVERSE WORLD.

Activities or mission (Part I)

SEE SCHEDULE O

  • ALL PROGRAM EXPENSES ARE RELATED TO THE EDUCATIONAL ACTIVITIES, COVERING PRE-KINDER THROUGH TWELFTH GRADE. TOTAL ENROLLMENT FOR THE ACADEMIC YEAR 24-25 WAS 834. NO FUNDS FOR TITLE II-A WERE RECEIVED FOR THE CURRENT TAX YEAR.

    Expenses $14,651,124 · Grants $285,205 · Revenue $16,513,257

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gregory Macgilpin Jr

    HEADMASTER

    Total calculated
    $310,637
    From this org
    $268,750
    From related orgs
    $0
    Other
    $41,887
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,000
    Bonus
    $43,750
    Other
    not reported
    Deferred
    $41,887
    Nontaxable benefits
    not reported
    Filer's total
    $310,637

  • Gamaliel Rivera

    DIRECTOR OF

    Total calculated
    $198,750
    From this org
    $172,500
    From related orgs
    $0
    Other
    $26,250
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    $22,500
    Other
    not reported
    Deferred
    $26,250
    Nontaxable benefits
    not reported
    Filer's total
    $198,750

  • Aleida L Arbona

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Joaquin Bacardi

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Alexandra M Calderon

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Antonio L Ferre-Rangel

    VICE-PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Dora Monserrate

    GOVERNANCE

    Total calculated
    $0
    Hours/week
    2

  • William Febbo

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sonia Caso De Latimer

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Cameron McKenzie

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Carla Menda

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dario Ochoa

    MEMBER

    Total calculated
    $0
    Hours/week
    2

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

  • 1a · Travel for companions
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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, PAGE 1, PART I, LINE 4
GREGORY MACGILPIN JR 0 41,887 0 GAMALIEL RIVERA 0 26,250 0

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BALDWIN SCHOOL EDUCATIONAL DEVELOPM ENT TRUST

    PASS ACTIV · PR · income $330,761 · assets $1,799,109

    Directly controlled by THE BALDWI N SCHOOL OF PUERTO RICO INC

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2026
IRS schema version
2024v5.0
Source object
202611359349308081

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