Initiative For Independent Schooling In Puerto Rico Inc in San Antonio, (international)
Table of contents:
| Initiative For Independent Schooling In Puerto Rico Inc | |
| Employer Identification Number (EIN) | 660725543 |
| Name of Organization | Initiative For Independent Schooling In Puerto Rico Inc |
| Address | PO BOX 5968 PMB 311, San Antonio |
| Subsection | Educational Organization |
| Ruling Date | 04/2010 |
| Deductibility | Contributions are deductible |
| Foundation | School |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $35,716 |
| Amount of Income | $148,499 |
| Form 990 Revenue Amount | $148,499 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Kindergarten, Preschool, Nursery School, Early Admissions |
Non-representatives - add comments:
Amount of income in 2013: $148,499 (it was $88,786 in 2012)
| Initiative For Independent Schooling In Puerto Rico Inc: | $148,499 |
| Other organizations performing similar types of work: | $223,883 |
Assets in 2013: $35,716 (it was $23,228 in 2012)
| Initiative For Independent Schooling In Puerto Rico Inc: | $35,716 |
| Other organizations performing similar types of work: | $52,124 |
Expenses in 2013: $138,347
| Initiative For Independent Schooling In Puerto Rico Inc: | $138,347 |
| Other organizations performing similar types of work: | $227,146 |
Income to expenses ratio in 2013: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 29.6%
| This organization: | 29.6% |
| Other organizations performing similar types of work: | 2.7% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $73,162 | $88,786 | $148,499 |
| Contributions, gifts, grants, and similar amounts received | $12,858 | $20,348 | $44,018 |
| Program service revenue including government fees and contracts | $59,125 | $67,688 | $100,308 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $19 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $1,160 | $750 | $4,172 |
| Total expenses | $74,286 | $94,224 | $138,347 |
| Total net assets | $-14,175 | $-19,613 | $-9,461 |
| Excess/Deficit for the year | $-1,124 | $-5,438 | $10,152 |
| Net assets or fund balances at beginning of year | $-13,051 | $-14,175 | $-19,613 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $-19,613 | $-9,461 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $26,185 | $23,228 | $35,716 |
| Total liabilities | $40,360 | $42,841 | $45,177 |
| Net assets or fund balances | $-14,175 | $-19,613 | $-9,461 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | Yes | No | |
| Total amount involved | $40,360 | $40,360 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | A school described in section 170(b)(1)(A)(ii) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | York Avenue Preschool And Kindergarten | 1520 York Avenue, New York, NY 10028-7008 | NY | 2001-02 | $2,737,345 |
| 2 | Early Learning Coalition Of Manatee County Inc | 600-8th Ave W, Palmetto, FL 34221-5168 | FL | 2002-12 | $18,660,074 |
| 3 | Washington Early Learning Fund | 1111 3rd Ave Ste 210, Seattle, WA 98101-3174 | WA | 2006-06 | $14,585,068 |
| 4 | Aaa Scholarship Foundation Inc | Po Box 3579, Ludowici, GA 31315 | GA | 2010-09 | $8,725,073 |
| 5 | The Roberto Foundation | 610 Newport Center Dr Ste 1220, Newport Beach, CA 92660-6447 | CA | 2005-12 | $8,443,300 |
| 6 | Southwest Louisiana Charter Academy Foundation Inc | 1700 E Mcneese Street, Lake Charles, LA 70607 | LA | 2013-08 | $7,032,590 |
| 7 | Girls Preparatory Charter School Of The Bronx | 681 Kelly St, Bronx, NY 10455-3410 | NY | 2010-07 | $6,134,748 |
| 8 | Success Preparatory Academy | 2011 Bienville St, New Orleans, LA 70112-3313 | LA | 2009-05 | $5,852,562 |
| 9 | Torah Academy | 5210 W Esplanade Ave, Metairie, LA 70006-2553 | LA | 2013-12 | $5,726,994 |
| 10 | D Arbonne Woods Charter School Inc | 1002 Sterlington Hwy, Farmerville, LA 71241-3810 | LA | 2007-08 | $5,294,857 |
| 11 | Nannys Day Care Center Inc, Julievette Rodriguez Font | 870 Calle Diamante Qtas De Canovana, Canovanas | international | 2014-03 | $177,376 |
| 12 | Little Buddies Development Center | PO BOX 6884, Christiansted | international | 1998-08 | $157,352 |
| 13 | Initiative For Independent Schooling In Puerto Rico Inc | PO BOX 5968 PMB 311, San Antonio | international | 2010-04 | $148,499 |
| 14 | Centro De Desarrollo Del Nino Allegria Y Diversion Infantil Inc | Hc 1 Box 7208, Villalba | international | 2008-03 | $105,198 |
| 15 | Jardin Infantil Pequeneces, Daycare | Monte Brises 3 3r43 St 114, Fajardo | international | 2003-02 | $46,234 |
| 16 | All Star Early Learning Center Inc | PO BOX 502373, St Thomas | international | 2000-04 | $0 |
| 17 | Centro De Desarrollo De La Ninez El Pesebre De Belen Inc | PO BOX 4956, Caguas | international | 2003-05 | $0 |
| 18 | Irizarry-Pagan Educational Services Corp | PO BOX 1264, Lajas | international | 2010-05 | $0 |
| 19 | Island Friends Roatan Inc | Paradise Beach Hotel And Resort, Roatan | international | 2010-01 | $0 |
| 20 | Proyecto Headstart Casa De Adoracion Inc | Hc-03 Box 7389, Guaynabo | international | 2003-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,714 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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