Corporacion De Servicios Educativos De Yabucoa
- Assets
- $30.3m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 206
- Location
- Yabucoa, PR
- Founding
- 04/2011
- Data as of
- 09/2021
- EIN
- 66-0473999
Organization Overview
Corporacion De Servicios Educativos De Yabucoa is located in Yabucoa, PR. The organization was established in 2011. 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 09/2021, Corporacion DE Servicios Educativos DE Yabucoa employed 206 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corporacion DE Servicios Educativos DE Yabucoa 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 09/2021, Corporacion DE Servicios Educativos DE Yabucoa generated $6.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $6.5m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ACTIVITIES OF PERSONAL, PROFESSIONAL AND LEARNING DEVELOPMENT FOR CHILDREN, YOUNG AND ADULTS IN ORDER TO MEET THEIR NEEDS AND IMPROVE THE QUALITY OF LIFE OF THE COMMUNITY MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCOMEP(TITLE I CONTRACT) CONTRACTS RECEIVED FROM THE PUERTO RICO DEPARTMENT OF EDUCATION PASSED THROUGH FROM THE U.S. DEPARTMENT OF EDUCATION UNDER TITLE I AND OTHERS TITLES TO PROVIDE SUPPLEMENTAL EDUCATIONAL SERVICES TO CHILDREN WITH EDUCATIONAL DISADVANTAGES ENROLLED IN PRIVATE SCHOOLS BASED ON THE STATE'S CHALLENGING CONTENT AND STUDENT PERFORMANCE STANDARDS, INCLUDING THE STUDY OF COHERENT AND RIGOROUS CURRICULUM AND THE TEACHING OF ADVANCED SKILLS.
USDA FOOD PROGRAM THE ENTITY PREPARES AND SERVES TO CHILDREN ENROLLED IN THE SCHOOL BREAKFAST, LUNCH AND SNACKS. THE DEPARTMENT OF EDUCATION PASSED THROUGH FROM THE U.S. DEPARTMENT OF AGRICULTURE REIMBURSE BASED ON A FORMULA FOR SUCH MEALS.
COLEGIO ROQUE DIAZ TIZOL- PRIVATE SCHOOL THAT OFFERS ELEMENTARY AND SECONDARY EDUCATION. SEPAMAS- THIS PROGRAM CONSISTS IN OFFERING SEMINARS, WORKSHOP, COACHING AND SUPPORT TO STUDENTS IN ORDER TO IMPROVE THEIR ACADEMIC PERFORMANCE. THE SERVICES OFFERED ARE BILLED TO THE PUERTO RICO DEPARTMENT OF EDUCATION AS CONTRACTED FEE FOR SERVICES. SES- PROGRAM THAT CONSISTS OF EDUCATIONAL ACTIVITIES FOR PARENTS AND STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margarita Velazquez Cosme Director | Trustee | 40 | $85,400 |
Roque Diaz Tizol Executive Di | Trustee | 40 | $72,808 |
Carmen H Diaz Rodriguez Secretary | Trustee | $47,812 | |
Ivana P Medina Diaz Director | Trustee | 40 | $37,922 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Condado 6 Llc Property Loan | 9/29/20 | $390,738 |
Novotek Data Solution Pre&post Test | 9/29/20 | $248,275 |
Condado 6 Llc Property Loan | 9/29/20 | $390,738 |
Novotek Data Solution Pre&post Test | 9/29/20 | $248,275 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,697,231 |
| 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 | $2,697,231 |
| Total Program Service Revenue | $928,235 |
| Investment income | $55 |
| 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 | $6,023,687 |
| 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. | $243,942 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $2,510,917 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $495,276 |
| Advertising and promotion | $8,790 |
| Office expenses | $190,676 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $225,221 |
| Travel | $1,286 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $331,623 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $834,466 |
| Insurance | $278,189 |
| All other expenses | $142,916 |
| Total functional expenses | $6,469,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,163,339 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $988,071 |
| 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 | $20,715 |
| Net Land, buildings, and equipment | $26,076,245 |
| Investments—publicly traded securities | $2,642 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,251,012 |
| Accounts payable and accrued expenses | $337,827 |
| 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 | $4,194,537 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,532,364 |
| Net assets without donor restrictions | $25,718,648 |
| 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 | $30,251,012 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Corporacion De Servicios Educativos De Yabucoa has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Kelly Family Cuidiu Foundation Latham, NY PURPOSE: SCHOOL OF BUSINESS AND ACADEMIC COMMUNITY ENGAGEMENT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Corporacion De Servicios Educativos De Yabucoa Yabucoa, PR | $30,251,012 | $6,023,687 |
Academia Discipulos De Cristo Manati Pr Manati, PR | $1,304,568 | $1,555,388 |
Colegio San Gabriel Inc San Juan, PR | $1,264,090 | $1,452,817 |
Athena Inc Bayamon, PR | $144,787 | $676,146 |
Casita Montessori De Mayaguez Inc Mayaguez, PR | $194,257 | $489,791 |
Taller Creativo Inc Caguas, PR | $24,968 | $361,083 |
Erdkinder Puerto Rico San Juan, PR | $56,584 | $184,417 |