Athena Inc
- Assets
- $144.8k
- Revenue
- $676.1k
- Investments
- $0.0
- Employees
- 34
- Location
- Bayamon, PR
- Founding
- Data as of
- 09/2021
- 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 09/2021, Athena Bilingual Academy employed 34 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 $50,000; EMPLOYEES SALARIES$270,029; PAYROLL TAXES 39,391; RENT EXPENSE $82,249; PROFESSIONAL FEES $7,383; DEPRECIATION EXPENSE $19,498; OTHER EXPENSES (ADM) $104,542.
(CODE B24) OFFICERS COMPENSATION $50,000; EMPLOYEES SALARIES$270,029; PAYROLL TAXES 39,391; RENT EXPENSE $82,249; PROFESSIONAL FEES $7,383; DEPRECIATION EXPENSE $19,498; OTHER EXPENSES (ADM) $104,542.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glorimar Lopez Castellano Vice-President | Officer | 40 | $50,600 |
Yahelis Yambo Figueroa Secretary | Trustee | 40 | $23,200 |
Zorylee Rodriguez Estrada Treasurer | Trustee | 40 | $18,350 |
Dawn Rolon Reyes Vocal | Trustee | 40 | $14,225 |
Luz A Cruz Rosario Vocal | Trustee | 40 | $14,225 |
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 | $135,861 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,861 |
| Total Program Service Revenue | $540,285 |
| 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 | $676,146 |
| 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. | $120,600 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,429 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $39,391 |
| Fees for services: Management | $2,883 |
| 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 | $2,616 |
| Office expenses | $52,471 |
| 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 | $14,027 |
| All other expenses | $0 |
| Total functional expenses | $573,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,376 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $93,601 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $144,787 |
| Accounts payable and accrued expenses | $9,301 |
| 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 | $19,504 |
| Total liabilities | $28,805 |
| 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 | $115,982 |
| Total liabilities and net assets/fund balances | $144,787 |
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 |