Athena Inc
- Assets
- $120.5k
- Revenue
- $793.4k
- Investments
- $0.0
- Employees
- 33
- Location
- Bayamon, PR
- Founding
- Data as of
- 09/2023
- EIN
- 66-0652866
Organization Overview
Athena Inc, operating under the name Athena Bilingual Academy, is located in Bayamon, PR. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 09/2023, Athena Bilingual Academy employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Athena Bilingual Academy 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 09/2023, Athena Bilingual Academy generated $793.4k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $829.8k during the year ending 09/2023. While expenses have increased by 13.1% per year over the past 3 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING TOP NOTCH YET, AFFORDABLE EDUCATION (ELEMENTARY SCHOOL) FOR THE BENEFIT OF OUR COMMUNITY, COUNTRY AND WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
(CODE B24) OFFICERS COMPENSATION $132,170, EMPLOYEE SALARIES 321,695, PAYROLL TAXES 53,860, ACCOUNTING 4,500, ADVERTISING 2,237, OFFICE EXPENSES 80,825, DEPRECIATION 19,498, INSURANCE 13,511, RENT 92,608, UTILITIES 28,693, OTHER EXPENSES 80,115.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glorimar Lopez Castellano Vice-President | 40 | $50,600 | |
Yahelis Yambo Figueroa Secretary | Officer | 40 | $29,860 |
Zorylee Rodriguez Estrada Treasurer | Officer | 40 | $19,880 |
Luz A Cruz Rosario Vocal | Officer | 40 | $16,070 |
Dawn Rolon Reyes Vocal | Officer | 40 | $15,760 |
George Panos Haidas President | Officer | 20 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $793,427 |
| 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 | $793,427 |
| 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. | $132,170 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $321,695 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $53,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,337 |
| Office expenses | $80,825 |
| 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 | $19,498 |
| Insurance | $13,511 |
| All other expenses | $0 |
| Total functional expenses | $829,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,334 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,709 |
| 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 | $810 |
| Net Land, buildings, and equipment | $54,605 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $120,458 |
| Accounts payable and accrued expenses | $16,577 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,577 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $103,881 |
| Total liabilities and net assets/fund balances | $120,458 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Corporacion De Servicios Educativos De Yabucoa Yabucoa, PR | $31,537,424 | $6,932,345 |
Liceo Ponceno Inc Ponce, PR | $3,542,796 | $1,709,007 |
Manati Academia Discipulos De Cristo Inc Manati, PR | $1,190,659 | $1,452,386 |
Colegio San Gabriel Inc San Juan, PR | $1,747,913 | $1,976,180 |
Athena Inc Bayamon, PR | $120,458 | $793,427 |
Casita Montessori De Mayaguez Inc Mayaguez, PR | $355,874 | $572,361 |
Erdkinder Puerto Rico San Juan, PR | $127,109 | $229,570 |
Taller Creativo Inc Caguas, PR | $312 | $9,066 |