Puerto Rico Baseball Academy And High School Corp is located in Caguas, PR. The organization was established in 2004. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Puerto Rico Baseball Academy And High School Corp employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Puerto Rico Baseball Academy And High School Corp 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 06/2022, Puerto Rico Baseball Academy And High School Corp generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION SERVES THE COMMUNITY IN THE PROMOTION AND DEVELOPMENT OF AN ACADEMIC CURRICULUM FROM TENTH TO TWELFTH GRADE, AND A SPORT PROGRAM SPECIALIZING IN PROFESSIONAL BASEBALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION SERVES THE COMMUNITY IN THE PROMOTION AND DEVELOPMENT OF AN ACADEMIC CURRICULUM FROM TENTH TO TWELFTH GRADE, AND A SPORT PROGRAM SPECIALIZING IN PROFESSIONAL BASEBALL.
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Name (title) | Role | Hours | Compensation |
---|---|---|---|
Pablo Almodovar Treasurer | Officer | 16 | $0 |
Carlos Baerga Director | Officer | 8 | $0 |
Bill Bavasi Director | Officer | 8 | $0 |
Chris Haydoch Director | Officer | 8 | $0 |
Jorge L Inclan President | Officer | 20 | $0 |
Lou Melendez Director | Officer | 8 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $14,983 |
Related organizations | $0 |
Government grants | $1,489,583 |
All other contributions, gifts, grants, and similar amounts not included above | $5,900 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,510,466 |
Total Program Service Revenue | $1,519,846 |
Investment income | $0 |
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 | $3,216,512 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $240,700 |
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 | $767,736 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $55,552 |
Payroll taxes | $81,870 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $194,627 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $8,207 |
Office expenses | $24,635 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $186,000 |
Travel | $14,590 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,523 |
Interest | $1,680 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $35,587 |
Insurance | $49,127 |
All other expenses | $11,400 |
Total functional expenses | $2,179,445 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,604,243 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $41,577 |
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 | $16,100 |
Net Land, buildings, and equipment | $109,452 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,771,372 |
Accounts payable and accrued expenses | $90,046 |
Grants payable | $0 |
Deferred revenue | $172,050 |
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 | $0 |
Unsecured mortgages and notes payable | $15,458 |
Other liabilities | $9,184 |
Total liabilities | $286,738 |
Net assets without donor restrictions | $1,484,634 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $1,771,372 |
Over the last fiscal year, we have identified 1 grants that Puerto Rico Baseball Academy And High School Corp has recieved totaling $5,000.
Awarding Organization | Amount |
---|---|
Tulsa Community Foundation Tulsa, OK PURPOSE: SCHOLARSHIP | $5,000 |
Organization Name | Assets | Revenue |
---|---|---|
Robinson School Inc San Juan, PR | $10,256,117 | $9,865,836 |
Caribbean Consolidated Schools Inc San Juan, PR | $11,881,054 | $8,897,435 |
Colegio Catolico Notre Dame Corp Caguas, PR | $17,430,786 | $9,970,815 |
Colegio San Jose Marianist Corp San Juan, PR | $9,356,396 | $5,702,898 |
Nuestra Escuela Inc Caguas, PR | $6,005,009 | $5,598,031 |
Puerto Rico Baseball Academy And High School Corp Caguas, PR | $1,771,372 | $3,216,512 |
National Talent Academy Inc San Juan, PR | $282,604 | $1,936,509 |