Monteclaro Inc
- Assets
- $450.8k
- Revenue
- $365.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Rio Grande, PR
- Founding
- 10/1998
- Data as of
- 06/2020
- EIN
- 66-0552714
Organization Overview
Monteclaro Inc is located in Rio Grande, PR. The organization was established in 1998. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monteclaro 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 06/2020, Monteclaro Inc generated $365.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $298.1k during the year ending 06/2020. While expenses have increased by 6.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE WOMEN WITH A TECHNICAL AND HOLISTIC EDUCATION FOR THE DEVELOPMENT OF THE SKILLS IN THE PROFESSIONAL FIELD OF HOSPITALITY BY MEANS OF PROGRAMS OF HOSPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUITION REVENUES AND FEES EXPENSES PROVIDED WITH TITLE IV FINANCIAL
TUITION REVENUES AND FEES EXPENSES PROVIDED WITH TITLE IV FINANCIAL
TUITION REVENUES AND FEES EXPENSES PROVIDED WITH TITLE IV FINANCIAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ivette Lizardi President | Trustee | 10 | $0 |
Aida Blancovic Treasurer | Trustee | 10 | $0 |
Lisandra Bravo Secretary | Trustee | 10 | $0 |
Carmen Cancel Vice President | Trustee | 10 | $0 |
Maria Teresa Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $227,859 |
| Investment income | $4,674 |
| 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 | $365,156 |
| Statement of Expenses | |
|---|---|
| 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. | $68,804 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,833 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $450 |
| Office expenses | $3,451 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $726 |
| All other expenses | $0 |
| Total functional expenses | $298,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,986 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $175,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,350 |
| Total assets | $450,836 |
| Accounts payable and accrued expenses | $6,013 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $15,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,386 |
| Total liabilities | $40,899 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $409,937 |
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