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Nonprofiteer
← SAN MIGUEL EDUCATION CENTER

Form 990 for tax year 2022

Filed by SAN MIGUEL EDUCATION CENTER.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 19 August 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Listed only on the earlier return

  • Dr Jessica Blanco-Busam

Listed only on the later return

  • Br Joseph Macioce
  • Justin Martineau

Totals

Total revenue
$2,822,838
Total expenses
$2,098,668
Contributions and grants received
$2,506,416
Grants paid
$113,400
Program service revenue
$113,372
Investment income
$197,888
Other revenue
$5,162
Total assets, end of year
$12,812,051
Total liabilities, end of year
$236,307
Net assets or fund balances, end of year
$12,575,744
Program services expenses (Part IX)
$1,638,236
Management and general expenses
$126,255
Fundraising expenses
$334,177
Program service expenses (Part III)
$1,638,236

Program services were 78.1% 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.

  • 1c · Fundraising events

    $201,173

  • 1f · All other contributions, gifts and grants

    $2,305,243

  • 2a · Program service revenue: FEES AND REIMBURSEMENT

    total $113,372 · related or exempt $113,372

  • 3 · Investment income

    total $192,827 · excluded $192,827

  • 7a · Gross sales of assets other than inventory

    securities $591,825

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

    securities $586,764

  • 7c · Gain or loss

    securities $5,061

  • 7d · Net gain or loss

    total $5,061 · related or exempt $5,061

  • 8a · Fundraising events: gross income

    $56,470

  • 8a · Fundraising events: contributions included on line 1c

    $201,173

  • 8b · Fundraising events: direct expenses

    $55,877

  • 8c · Net income from fundraising events

    total $593 · excluded $593

  • 11a · Other revenue: OTHER

    total $4,569 · related or exempt $4,569

  • 11e · Other revenue, total

    $4,569

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $113,400 · program services $113,400

  • 5 · Compensation of officers, directors and key employees

    total $113,219 · program services $43,433 · management and general $13,176 · fundraising $56,610

  • 7 · Other salaries and wages

    total $921,349 · program services $733,601 · management and general $34,686 · fundraising $153,062

  • 8 · Pension plan contributions

    total $23,834 · program services $15,750 · management and general $4,066 · fundraising $4,018

  • 9 · Other employee benefits

    total $77,113 · program services $64,771 · fundraising $12,342

  • 10 · Payroll taxes

    total $85,848 · program services $66,366 · management and general $2,973 · fundraising $16,509

  • 11c · Fees: accounting

    total $14,500 · management and general $14,500

  • 11f · Fees: investment management

    total $6,959 · management and general $6,959

  • 11g · Fees: other

    total $49,856 · program services $38,289 · management and general $11,567

  • 13 · Office expenses

    total $112,699 · program services $83,507 · management and general $825 · fundraising $28,367

  • 14 · Information technology

    total $32,883 · program services $13,499 · management and general $8,497 · fundraising $10,887

  • 16 · Occupancy

    total $169,354 · program services $162,580 · management and general $3,387 · fundraising $3,387

  • 19 · Conferences, conventions and meetings

    total $3,046 · program services $3,046

  • 22 · Depreciation, depletion and amortization

    total $157,714 · program services $151,406 · management and general $3,154 · fundraising $3,154

  • 24a · Other expenses: ACTIVITIES AND EVENTS

    total $110,153 · program services $70,078 · management and general $897 · fundraising $39,178

  • 24b · Other expenses: MEAL PROGRAM

    total $65,906 · program services $65,906

  • 24c · Other expenses: OTHER

    total $40,835 · program services $12,604 · management and general $21,568 · fundraising $6,663

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $163,968 · end of year $156,194

  • 2 · Savings and temporary cash investments

    beginning of year $3,058,415 · end of year $2,214,761

  • 3 · Pledges and grants receivable

    beginning of year $1,137,757 · end of year $406,037

  • 4 · Accounts receivable

    beginning of year $8,417 · end of year $3,663

  • 9 · Prepaid expenses and deferred charges

    end of year $25,100

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

    $4,484,221

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

    $868,188

  • 10c · Land, buildings and equipment, net

    beginning of year $3,362,225 · end of year $3,616,033

  • 11 · Investments: publicly traded securities

    beginning of year $3,376,304 · end of year $5,678,546

  • 12 · Investments: other securities

    beginning of year $688,781 · end of year $711,717

  • 17 · Accounts payable and accrued expenses

    beginning of year $155,824 · end of year $236,307

  • 27 · Net assets without donor restrictions

    beginning of year $9,206,877 · end of year $9,657,455

  • 28 · Net assets with donor restrictions

    beginning of year $2,433,166 · end of year $2,918,289

Mission and programs · 2022

Mission

TO PROVIDE A HIGH QUALITY, HOLISTIC EDUCATION FOR BOYS FROM DIVERSE AND CHALLENGING BACKGROUNDS.

  • OFFER STATE APPROVED, NEASC ACCREDITED, INDEPENDENT MIDDLE SCHOOL (GRADES 5-8) EDUCATION FOR UP TO 64 BOYS FROM UNDERSERVED COMMUNITIES IN THE GREATER PROVIDENCE AREA AND PREPARE THEM FOR EITHER PRIVATE OR PUBLIC HIGH SCHOOLS WHEN THEY GRADUATE. OVER 97% OF SAN MIGUEL'S OPERATING BUDGET IS FINANCED BY THE GENEROUS CONTRIBUTIONS OF PRIVATE INDIVIDUALS, CORPORATIONS AND FOUNDATIONS.

    Expenses $1,250,013 · Revenue $113,372

  • OFFER A GRADUATE SUPPORT PROGRAM WHICH PROVIDES ACADEMIC SUPPORT AND COUNSELING TO OUR STUDENTS AS THEY TRANSITION INTO HIGH SCHOOL,COLLEGE, AND BEYOND. THE SCHOOL IS ALSO ABLE TO PROVIDE FINANCIAL AID TO GRADUATES TO HELP BRIDGE THE TUITION GAP OF ATTENDING PRIVATE HIGH SCHOOLS.

    Expenses $255,641 · Grants $113,400

  • OFFER A WIDE ARRAY OF AFTER SCHOOL PROGRAMMING (ACADEMIC, ATHLETICS, ARTS, COMMUNITY SERVICE, ETC.) AND SUMMER CAMPS DURING THE MONTHS OF JULY AND AUGUST.

    Expenses $132,582

  • Revenue $9,630

As filed on the 2022 return.

Listed in Part VII

  • Dennis Leamy

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Paul Mahoney

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Michael Costello

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Bert Cooper

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Jamal Burk

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Jessica Blanco-Busam

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • Marlon Henry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joel Del Rosario

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robert McMahon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Nerbonne

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christopher Patton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chris Rogers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joseph Schwartz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Katie Spatcher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Scott Stevenson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mitchell Tiah

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Pat Vieira

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jack Walsh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • James Worrell

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • John Wolf

    EXECUTIVE DIRECTOR

    Total calculated
    $114,643
    From this org
    $81,241
    From related orgs
    $0
    Other
    $33,402
    Hours/week
    50

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
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202431359349306613

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