ACADEMIA NUESTRA SENORA DE FATIMA INC

EIN: 660749622 501(c)(3) Education

BAJADERO, PR

Total Revenue
$853,631
Total Expenses
$807,818
Total Assets
$154,201
Net Assets
$-494,262
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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
PR
Phone
7876234566
Tax Period
2024-01-01 to 2024-12-31

ACADEMIA NUESTRA SENORA DE FATIMA INC, founded in 2010, is a small nonprofit in the Education sector that reported $854K in total revenue in fiscal year 2024. Expenses of $808K left a modest 5% surplus.

Mission

To provide the best bilingual and individualized education to the needy students of the community, at the lowest possible cost and to contribute to their Christian and civic formation through the integrated curriculum of the School of Tomorrow and the sport program.

Program Service Accomplishments

Program 1
Expenses: $342,991 Revenue: $52,933

The Academy offers a bilingual, Christian, and personalized education to about 178 students during the 2023-2024 school year, spanning roughly 186 learning days. Students can choose between in-house...

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The Academy offers a bilingual, Christian, and personalized education to about 178 students during the 2023-2024 school year, spanning roughly 186 learning days. Students can choose between in-house classes or home-schooling. For those studying at home, the Academy provides materials, supports parents, and manages testing and grading. The curriculum follows the Accelerated Christian Education program from the School of Tomorrow, adapted for online learning. Students also enjoy free lunches through the USDA School Lunch Program, extended hours until 5:00 PM, and tutoring under Title I-A Ley de educación primaria y secundaria. Activities include Honor Roll recognition, field trips, mass, field day, Día de la Puertorriqueñidad, a Christmas Lights celebration, and spiritual retreats. This year, 98 students made the Honor Roll. Notable milestones included 9 kindergarteners moving to Level 1, 17 advancing to secondary school (Level 7), 13 starting high school, and 11 earning their diplomas, all celebrated with family, supervisors, and monitors at special ceremonies.

Program 2
Expenses: $16,658 Revenue: $-7,120

The sports program has three main parts: the regular physical education curriculum, after-hours coaching sessions, and participation in competitions organized by the Sport School Union or UDE. A...

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The sports program has three main parts: the regular physical education curriculum, after-hours coaching sessions, and participation in competitions organized by the Sport School Union or UDE. A total of 28 students joined the after-hours coaching. Participation in the area circuit of private colleges dropped due to a lack of coaching resources and a decline in student enrollment. With fewer students, it was hard to form volleyball and basketball teams in various categories, leading to more limited competition involvement. Overall, the Academy competed in chess, basketball (junior and elementary), track and field, swimming, softball, and volleyball (junior and elementary).

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $347,169
Program Service Revenue $506,462
Investment Income $0
Other Revenue $0
TOTAL REVENUE $853,631

Expense Breakdown

Grants Paid $0
Salaries & Benefits $247,676
Fundraising Expenses $0
Program Expenses $359,649
Other Expenses $560,142
TOTAL EXPENSES $807,818

Year-over-Year Comparison

2024 2023 Change
Revenue $853,631 $810,938 +0.1%
Expenses $807,818 $796,885 +0.0%
Net Income $45,813 $14,053 +2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
2
Independent Members
1
Employees
17
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
0
$0
Key Employees
1
$35,642
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Limaris Carrion Limaris Carrion President 1.00
Officer
$0 $0 $0
Luis R Velasquez Vice President 1.00
Officer
$0 $0 $0
Angeles Carrion Academic Director 40.00
Key Emp
$35,642 $0 $35,642
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $853,631 $807,818 $154,201 $45,813
2023 $810,938 $796,885 $57,910 $14,053
2022 $840,401 $913,338 $80,150 $-72,937
2021 $891,599 $940,146 $83,962 $-48,547
2020 $720,733 $777,900 $42,669 $-57,167
2020 $722,912 $1,013,358 $44,847 $-290,446
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