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Initiative For Independent Schooling In Puerto Rico Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Kindergarten, Preschool, Nursery School, Early Admissions (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$440k (2023)

Expenses
$443k (2023)

Total Assets
$89.2k (2023)

Total Liabilities
$6.05k (2023)

Years with missing data
Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$439,576
Expenses
$442,980
Net Income
-$3,404
Net Assets
$83,142
Notable Sources of Revenue Percent of Total Revenue
Contributions $85,142
19.4%
Program Services $354,434
80.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $283,321
64.0%
Assets/Debt
Total Assets $89,189
Total Liabilities $6,047
Net Assets $83,142
Compensation
Key Employees and Officers Compensation Related Other
Erica Mulchay (President) $0 $0 $0
Arlenee Morale (Vice President) $0 $0 $0
Steve Blood (Treasurer) $0 $0 $0
Keisha Carabal (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$300,801
Expenses
$288,761
Net Income
$12,040
Net Assets
$144,903
Notable Sources of Revenue Percent of Total Revenue
Contributions $52,075
17.3%
Program Services $248,726
82.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $166,306
57.6%
Assets/Debt
Total Assets $179,860
Total Liabilities $34,957
Net Assets $144,903
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Margaret Mayer (President) $0 $0 $0
Arilena Morgan (Vice President) $0 $0 $0
Steve Blood (Treasurer) $0 $0 $0
Keisha Carabal (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$326,664
Expenses
$229,996
Net Income
$96,668
Net Assets
$132,863
Notable Sources of Revenue Percent of Total Revenue
Contributions $61,434
18.8%
Program Services $265,230
81.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $114,864
49.9%
Assets/Debt
Total Assets $206,724
Total Liabilities $73,861
Net Assets $132,863
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Margaret Mayer (President) $0 $0 $0
Arilena Morgan (Vice President) $0 $0 $0
Steve Blood (Treasurer) $0 $0 $0
Keisha Carabal (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$297,669
Expenses
$302,186
Net Income
-$4,517
Net Assets
$30,489
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,287
4.1%
Program Services $285,382
95.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $140,298
46.4%
Assets/Debt
Total Assets $74,218
Total Liabilities $43,729
Net Assets $30,489
Compensation
Key Employees and Officers Compensation Related Other
Jacqueline Ger (President) $0 $0 $0
Arilena Morgan (Vice President) $0 $0 $0
Ashley Cortes (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$272,395
Expenses
$249,372
Net Income
$23,023
Net Assets
$35,007
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $272,395
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $114,985
46.1%
Assets/Debt
Total Assets $77,885
Total Liabilities $42,878
Net Assets $35,007
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Cesar Hernande (President) $0 $0 $0
Ana L Molinari (Vicepresident) $0 $0 $0
Eduardo Nin (Treasurer) $0 $0 $0
Angelina Ruiz (Secretary) $0 $0 $0
Cesar A Hernan (President) $0 $0 $0
Ana Molinari (Vice President) $0 $0 $0
Angelica Ruiz (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$235,981
Expenses
$229,037
Net Income
$6,944
Net Assets
$11,984
Notable Sources of Revenue Percent of Total Revenue
Contributions $52,789
22.4%
Program Services $183,192
77.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $108,908
47.6%
Assets/Debt
Total Assets $55,440
Total Liabilities $43,456
Net Assets $11,984
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Cesar Hernande (President) $0 $0 $0
Ana Molinari (Vice President) $0 $0 $0
Eduardo Nin (Treasurer) $0 $0 $0
Angelina Ruiz (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$217,447
Expenses
$188,464
Net Income
$28,983
Net Assets
$5,040
Notable Sources of Revenue Percent of Total Revenue
Contributions $15,388
7.1%
Program Services $0
Investment Income $0
Net Fundraising $18,041
8.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $47,824
Total Liabilities $42,784
Net Assets $5,040

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$142,338
Expenses
$140,371
Net Income
$1,967
Net Assets
-$20,156
Notable Sources of Revenue Percent of Total Revenue
Contributions $142,338
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $22,573
Total Liabilities $42,729
Net Assets -$20,156

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$127,527
Expenses
$162,628
Net Income
-$35,101
Net Assets
-$46,339
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,624
5.2%
Program Services $120,903
94.8%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $25,486
Total Liabilities $71,825
Net Assets -$46,339

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$148,499
Expenses
$138,347
Net Income
$10,152
Net Assets
-$9,461
Notable Sources of Revenue Percent of Total Revenue
Contributions $44,018
29.6%
Program Services $100,308
67.5%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,172
2.8%
Assets/Debt
Total Assets $35,716
Total Liabilities $45,177
Net Assets -$9,461

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$88,786
Expenses
$94,224
Net Income
-$5,438
Net Assets
-$19,613
Notable Sources of Revenue Percent of Total Revenue
Contributions $20,348
22.9%
Program Services $67,688
76.2%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $750
0.8%
Assets/Debt
Total Assets $23,228
Total Liabilities $42,841
Net Assets -$19,613

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$73,162
Expenses
$74,286
Net Income
-$1,124
Net Assets
-$14,175
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,858
17.6%
Program Services $59,125
80.8%
Investment Income $19
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,160
1.6%
Assets/Debt
Total Assets $26,185
Total Liabilities $40,360
Net Assets -$14,175

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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