Caribbean School Inc
- Assets
- $3.9m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 91
- Location
- Ponce, PR
- Founding
- 03/1969
- Data as of
- 06/2021
- EIN
- 66-0234885
Organization Overview
Caribbean School Inc is located in Ponce, PR. The organization was established in 1969. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Caribbean School Inc employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caribbean School Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Caribbean School Inc generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $2.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL SERVICES FROM PREKINDER TO 12TH GRADE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTION PROVIDES EXCELLENT EDUCATION TO STUDENTS IN ORDER TO PROVIDE A SOUND BACKGROUND WHEN THEY REACH UNIVERSITY LEVEL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Pieterick Head Of The School | Officer | 40 | $149,760 |
Rebecca Diaz Business Administrator | Officer | 40 | $50,000 |
Carmen Lamboy Dean Of Academics | Officer | 40 | $45,000 |
Melissa Medina President | Trustee | 8 | $0 |
Heralda Cortes Vice President | Trustee | 8 | $0 |
Felix Bobe Sub Treasurer | Trustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $181,521 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $181,521 |
| Total Program Service Revenue | $2,915,898 |
| Investment income | $12 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,097,431 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,564,894 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $323,250 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,244 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $120,329 |
| Advertising and promotion | $0 |
| Office expenses | $10,729 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $165,426 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $35,760 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $257,180 |
| Insurance | $104,618 |
| All other expenses | $20,324 |
| Total functional expenses | $2,720,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $398,927 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $119,654 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,226 |
| Prepaid expenses and deferred charges | $19,145 |
| Net Land, buildings, and equipment | $2,412,116 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $942,354 |
| Total assets | $3,898,422 |
| Accounts payable and accrued expenses | $656,882 |
| Grants payable | $0 |
| Deferred revenue | $370,848 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $738,293 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,766,023 |
| Net assets without donor restrictions | $2,078,500 |
| Net assets with donor restrictions | $53,899 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,898,422 |
Endowment Analysis
| Net Contributions | $74,866 |
| Ending Balance | $74,866 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baldwin School Of Puerto Rico Inc Bayamon, PR | $21,469,124 | $15,474,261 |
Saint Johns School San Juan, PR | $27,658,039 | $13,804,674 |
Saint Francis School Carolina, PR | $13,939,984 | $9,657,411 |
Colegio Puertorriqueno De Ninas Guaynabo, PR | $6,777,143 | $4,007,088 |
Colegio Radians Inc Cayey, PR | $5,229,137 | $4,090,426 |
Caribbean School Inc Ponce, PR | $3,898,422 | $3,097,431 |
Palmas Academy Inc Humacao, PR | $10,746,233 | $2,143,628 |
Washburn School Inc Ponce, PR | $637,737 | $1,101,643 |
Elite Educational Group Bayamon, PR | $323,522 | $902,955 |
Colegio Hogar Angeles Custodios Inc San Juan, PR | $633,124 | $616,643 |
Kingdom Christian Academy Dorado, PR | $71,498 | $642,927 |
Educational Services Corpus Christi Corp Aguadilla, PR | $242,381 | $617,486 |