Instituto Nueva Escuela
- Assets
- $3.1m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 385
- Location
- San Juan, PR
- Founding
- 07/2011
- Data as of
- 06/2022
- EIN
- 66-0725105
Organization Overview
Instituto Nueva Escuela is located in San Juan, PR. The organization was established in 2011. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Instituto Nueva Escuela employed 385 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Instituto Nueva Escuela 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, Instituto Nueva Escuela generated $8.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $7.9m during the year ending 06/2022. While expenses have increased by 9.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DISSEMINATE THE MONTESSORI SYSTEM PRINCIPLES FOR THE BENEFIT OF CHILDREN AND THE PUERTO RICO SYSTEM EDUCATION THROUGH EDUCATIONAL SERVICES TO TEACHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CERTIFY TEACHERS ON THE MONTESSORI SYSTEM OF EDUCATION AND PROVIDE LEADERSHIP AND TECHNICAL ASSISTANCE TO PUBLIC SCHOOLS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raul Aponte Hernandez President | OfficerTrustee | 0 | $0 |
Michelle Carlo Arraiza Secretary | OfficerTrustee | 0 | $0 |
Carlos Del Rio Vocal | Trustee | 0 | $0 |
Sandra Borres Vocal | Trustee | 0 | $0 |
Miguel A Blanco Fuertes Vocal | Trustee | 0 | $0 |
Carlos Delgado Vocal | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $62,985 |
| Related organizations | $0 |
| Government grants | $6,527,775 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,116,885 |
| Noncash contributions included in lines 1a–1f | $38,453 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,707,645 |
| Total Program Service Revenue | $88,438 |
| 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 | $7,952,642 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,999,783 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $568,244 |
| Fees for services: Management | $445,417 |
| Fees for services: Legal | $105 |
| Fees for services: Accounting | $28,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $210,386 |
| 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 | $1,052 |
| Insurance | $42,489 |
| All other expenses | $179,171 |
| Total functional expenses | $7,948,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,631,832 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $981,746 |
| Accounts receivable, net | $100,637 |
| 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 | $37,368 |
| Net Land, buildings, and equipment | $1,081 |
| Investments—publicly traded securities | $364,618 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,117,282 |
| Accounts payable and accrued expenses | $94,427 |
| Grants payable | $0 |
| Deferred revenue | $251,432 |
| 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 | $273,460 |
| Total liabilities | $619,319 |
| Net assets without donor restrictions | $1,341,321 |
| Net assets with donor restrictions | $1,156,642 |
| 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 | $3,117,282 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Instituto Nueva Escuela has recieved totaling $556,786.
| Awarding Organization | Amount |
|---|---|
Fundacion Colibri Inc New York City, NY PURPOSE: GENERAL CHARITABLE | $250,000 |
Direct Relief Santa Barbara, CA PURPOSE: ABBVIE PR MEDICALLY FRAGILE POPULATIONS | $167,300 |
Globalgiving Foundation Inc Washington, DC PURPOSE: FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS | $69,486 |
A Friends Foundation Trust Pennington, NJ PURPOSE: GENERAL OPERATING | $40,000 |
2022 Act Foundation Inc Dorado, PR PURPOSE: General support | $15,000 |
Organization Name not Listed PURPOSE: DONATION TO HELP RESTORE CONCEPCION PEREZ SCHOOL IN CIALES | | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Instituto Nueva Escuela San Juan, PR | $3,117,282 | $7,952,642 |
Center For A New Economy Inc San Juan, PR | $2,849,963 | $2,476,463 |
One Stop Career Center Of Pr Inc San Juan, PR | $1,152,862 | $1,979,760 |
Pr Education Foundation San Juan, PR | $997,319 | $2,054,130 |
Instituto Especial Para El Desarrol Lo Integral Del Indiv Fam Y Com In Yauco, PR | $1,442,625 | $802,897 |
Puerto Rico Alliance For Companion Animals Inc San Juan, PR | $178,757 | $289,611 |
Tech My School Luquillo, PR | $121,108 | $267,420 |
Isme Llc Toa Baja, PR | $5,150 | $0 |
Maxmath Tutoring Online Puerto Rico Branch Inc San Juan, PR | $98,908 | $98,908 |
Eureka Enrichment Services San Juan, PR | $57,227 | $0 |
America Developing Smiles De Puerto Rico San Juan, PR | $83,842 | $0 |
Language Central Inc Cabo Rojo, PR | $0 | $0 |