Skip to content
Nonprofiteer
← ESPERANZA ACADEMY SUPPORT CORPORATION

Form 990 for tax year 2024

Filed by ESPERANZA ACADEMY SUPPORT CORPORATION.

Totals

Total revenue
$80,297
Total expenses
$271,855
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$80,297
Other revenue
$0
Total assets, end of year
$27,572,771
Total liabilities, end of year
$27,314,236
Net assets or fund balances, end of year
$258,535
Program services expenses (Part IX)
$271,855
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$271,855

Program services were 100.0% 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.

  • 3 · Investment income

    total $80,297 · excluded $80,297

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $140,883 · program services $140,883

  • 22 · Depreciation, depletion and amortization

    total $130,972 · program services $130,972

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $464,309

  • 2 · Savings and temporary cash investments

    end of year $18,466,108

  • 9 · Prepaid expenses and deferred charges

    end of year $11,000

  • 15 · Other assets

    beginning of year $0 · end of year $8,631,354

  • 17 · Accounts payable and accrued expenses

    end of year $29,500

  • 23 · Secured mortgages and notes payable

    end of year $23,954,800

  • 25 · Other liabilities

    beginning of year $0 · end of year $3,329,936

  • 27 · Net assets without donor restrictions

    end of year $258,535

Mission and programs · 2024

Mission

ESPERANZA ACADEMY SUPPORT CORPORATION WAS INCORPORATED AS A MASSACHUSETTS NOT-FOR-PROFIT CORPORATION AND AS A SUPPORTING ORGANIZATION TO ESPERANZA ACADEMY, INC.

  • ESPERANZA ACADEMY SUPPORT CORPORATION WAS INCORPORATED AS A MASSACHUSETTS NOT-FOR-PROFIT CORPORATION AND AS A SUPPORTING ORGANIZATION TO ESPERANZA ACADEMY, INC. THE ORGANIZATION WAS FORMED TO FACILITATE A NEW MARKETS TAX CREDIT FINANCING WHICH IS BEING USED TO DEVELOP A NEW SCHOOL FACILITY AT 440 NORTH CANAL STREET, LAWRENCE, MASSACHUSETTS.

    Expenses $271,855

As filed on the 2024 return.

Listed in Part VII

  • JADIHEL TAVERAS

    BOARD MEMBER

    Total calculated
    $287,060
    From this org
    $0
    From related orgs
    $257,621
    Other
    $29,439
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,621 related
    Bonus
    $0 + $50,000 related
    Other
    $0
    Deferred
    $0 + $17,626 related
    Nontaxable benefits
    $0 + $11,813 related
    Filer's total
    $0 + $287,060 related

  • LISA LEE

    CLERK

    Total calculated
    $126,429
    From this org
    $0
    From related orgs
    $114,935
    Other
    $11,494
    Hours/week
    1 + 40 related

  • MATT PRUNIER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • THOMAS ABISALIH

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JUSTIN BARTHOLOMEW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

The filer's explanations (Part III)

PART I, LINE 3
ALL COMPENSATION IS PAID BY A RELATED ORGANIZATION, ESPERANZA ACADEMY, INC.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.5
Source object
202611349349312106

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.