Colegio Catolico Notre Dame Corp
- Assets
- $17.9m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 282
- Location
- Caguas, PR
- Founding
- 09/2010
- Data as of
- 06/2022
- EIN
- 66-0687194
Organization Overview
Colegio Catolico Notre Dame Corp is located in Caguas, PR. The organization was established in 2010. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Colegio Catolico Notre Dame Corp employed 282 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colegio Catolico Notre Dame Corp 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 06/2022, Colegio Catolico Notre Dame Corp generated $8.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $8.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATIONAL SERVICES FROM PRESCHOOL TO TWELVE GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jose J Grillo Secretary | Officer | 40 | $51,826 |
Terence E Wall President | Officer | 8 | $0 |
Antonio Hernandez Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $560,909 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $606,159 |
| Total Program Service Revenue | $7,715,401 |
| Investment income | $9,674 |
| 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 | $157,433 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,572,252 |
| 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. | $51,826 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,771,066 |
| Pension plan accruals and contributions | $103,111 |
| Other employee benefits | $162,979 |
| Payroll taxes | $420,768 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,155 |
| Fees for services: Accounting | $308,939 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,203 |
| Office expenses | $133,047 |
| Information technology | $88,606 |
| Royalties | $0 |
| Occupancy | $859,308 |
| Travel | $29,478 |
| 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 | $357,003 |
| Insurance | $127,549 |
| All other expenses | $0 |
| Total functional expenses | $8,271,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,805,331 |
| Savings and temporary cash investments | $2,731,877 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $129,199 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,815 |
| Inventories for sale or use | $1,592 |
| Prepaid expenses and deferred charges | $96,375 |
| Net Land, buildings, and equipment | $4,879,250 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,211,345 |
| Other assets | $0 |
| Total assets | $17,858,784 |
| Accounts payable and accrued expenses | $2,174,104 |
| Grants payable | $0 |
| Deferred revenue | $1,967,039 |
| 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 | $4,141,143 |
| Net assets without donor restrictions | $13,717,641 |
| 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 | $17,858,784 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robinson School Inc San Juan, PR | $14,256,409 | $13,331,674 |
Caribbean Consolidated Schools Inc San Juan, PR | $12,247,368 | $8,738,211 |
Colegio Catolico Notre Dame Corp Caguas, PR | $17,858,784 | $8,572,252 |
Colegio San Jose Marianist Corp San Juan, PR | $10,104,984 | $5,736,406 |
Nuestra Escuela Inc San Juan, PR | $5,280,579 | $3,987,130 |
Puerto Rico Baseball Academy And High School Corp Caguas, PR | $2,073,315 | $2,394,512 |
National Talent Academy Inc San Juan, PR | $241,878 | $1,399,959 |