St Martin De Porres Academy Inc
- Assets
- $7.2m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 23
- Location
- New Haven, CT
- Founding
- 10/2006
- Data as of
- 07/2023
- EIN
- 81-0666655
Organization Overview
St Martin De Porres Academy Inc is located in New Haven, CT. The organization was established in 2006. 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 07/2023, St Martin DE Porres Academy Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Martin DE Porres Academy 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 07/2023, St Martin DE Porres Academy Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $2.4m during the year ending 07/2023. While expenses have increased by 6.4% per year over the past 8 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
SAINT MARTIN DE PORRES ACADEMY IS A FAITH-BASED, NATIVITYMIGUEL MIDDLE SCHOOL THAT (SEE SCH O) PROVIDES A TUITION-FREE, EXTENDED DAY EDUCATION FOR UNDERSERVED GIRLS AND BOYS FROM LOW-INCOME FAMILIES IN THE NEW HAVEN AREA. WE ARE AN INDEPENDENT CATHOLIC SCHOOL COMMITTED TO A BELIEF IN THE DIGNITY AND WORTH OF EVERY PERSON. WE STRIVE TO PROVIDE EACH CHILD WITH A PROMISING START IN LIFE AND TO EQUIP THEM TO FULFILL THEIR ACADEMIC POTENTIAL WHILE ACHIEVING SPIRITUAL AND SOCIAL MATURITY. WE WELCOME CHILDREN OF ALL FAITHS, RACES AND CULTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF SMPA IS TO END THE CYCLE OF POVERTY THROUGH EDUCATION. THROUGH OUR TUITION FREE MODEL SCHOOL, WE PROVIDE MIDDLE SCHOOL STUDENTS WITH A 10 HOURS SCHOOL DAY AND AN 11 MONTH SCHOOL YEAR. OUR SCHOOL OFFERS A HOLISTIC APPROACH TO EDUCATION PROVIDING STUDENTS WITH NOT ONLY THE ACADEMICS NEEDED TO SUCCEED BUT WITH ENRICHMENT EXPERIENCES SUCH AS FIELD TRIPS, A ROBUST MUSIC PROGRAM, SPORTS AND ARTS AND SERVICES ACTIVITIES. BEYOND THE MIDDLE SCHOOL YEARS, WE CONTINUE TO SUPPORT CHILDREN ACADEMICALLY, SOCIALLY, EMOTIONALLY, AND FINANCIALLY IN THEIR HIGH SCHOOL AND COLLEGE YEARS THROUGH OUR GRADUATE SUPPORT PROGRAM. WE PROVIDE TUTORING, STANDARDIZED TEST PREP, COLLEGE VISITS, SUPPLIES AND MATERIALS AND OTHER TOOLS FOR KIDS TO SUCCEED. OUR GRADUATE SUPPORT PROGRAM COMPRISES $504,754 OF OUR ANNUAL EXPENSES IN FYE 2023 WHICH INCLUDES $159,925 IN HIGH SCHOOL SCHOLARSHIP PAYMENTS AND $15,398 IN COLLEGE SCHOLARSHIP PAYMENTS IN ADDITION TO $9,423 OF STUDENT STIPENDS AND OTHER FINANCIAL SUPPORT. WE BOAST A 100% HIGH SCHOOL GRADUATION RATE FOR OUR GRADUATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Bowes Founder | OfficerTrustee | 2 | $0 |
David Brown Trustee | Trustee | 2 | $0 |
Hart Caparulo Trustee | Trustee | 2 | $0 |
Leo Connors Trustee | Trustee | 2 | $0 |
John Crawford Trustee | Trustee | 2 | $0 |
Robert Curtis Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $270,147 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,570,341 |
| Noncash contributions included in lines 1a–1f | $245,657 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,840,488 |
| Total Program Service Revenue | $41,147 |
| Investment income | $94,386 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$205 |
| Net Income from Fundraising Events | -$29,060 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,946,756 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $184,746 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $145,066 |
| Compensation of current officers, directors, key employees. | $36,266 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,289,592 |
| Pension plan accruals and contributions | $42,717 |
| Other employee benefits | $53,885 |
| Payroll taxes | $96,468 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $18,302 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,511 |
| Advertising and promotion | $2,047 |
| Office expenses | $112,867 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $113,328 |
| Travel | $35,287 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,757 |
| Interest | $7,693 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $128,126 |
| Insurance | $54,928 |
| All other expenses | $0 |
| Total functional expenses | $2,407,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $288,561 |
| Savings and temporary cash investments | $2,960,114 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,602 |
| 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 | $44,420 |
| Net Land, buildings, and equipment | $3,757,657 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $149,059 |
| Total assets | $7,202,413 |
| Accounts payable and accrued expenses | $72,513 |
| 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 | $257,343 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $329,856 |
| Net assets without donor restrictions | $6,138,246 |
| Net assets with donor restrictions | $734,311 |
| 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 | $7,202,413 |