2025-05-14T10:57:31-04:00 2024-06-30 660388756 RSM PUERTO RICO PO BOX 10528 SAN JUAN PR 009220528 990 2023-07-01 666034235 CARIBBEAN CONSOLIDATED SCHOOLS TRUST CARI 7877654411 PO BOX 70177 SAN JUAN PR 00936 MARILOLA MARTINEZ DIRECTOR OF FINANCE 7877654411 2025-05-15 false RAFAEL DE ROJAS SANCHEZ P01034935 7877516164 2025-05-14 2023 2025-03-06 01:10:19Z MARILOLA MARTINEZ URB ROOSEVELT SAN JUAN SAN JUAN RQ 00918-2856 62137 false X X 2003 PR TO GENERATE REVENUES DERIVED FROM THE INVESTMENT AND FUNDRAISING ACTIVITIES TO FUND SCHOLARSHIPS FOR STUDENTS THAT SATISFY THE INTELLECTUAL AND MORAL CRITERIA AND/OR MEET THE REQUIREMENTS ESTABLISHED BY THE BOARD OF DIRECTORS TO BECOME STUDENTS OF COMMONWEALTH-PARKVILLE SCHOOL, A TAX EXEMPT ORGANIZATION UNDER THE SEC. 501(C)(3). 5 5 0 0 115680 20000 0 14882 37311 4826 130562 62137 15821 15766 0 0 0 0 23898 6787 39719 22553 90843 39584 1207861 1237065 19628 9248 1188233 1227817 X TO GENERATE REVENUES DERIVED FROM THE INVESTMENT AND FUNDRAISING ACTIVITIES TO FUND SCHOLARSHIPS FOR STUDENTS THAT SATISFY THE INTELLECTUAL AND MORAL CRITERIA AND/OR MEET THE REQUIREMENTS ESTABLISHED BY THE BOARD OF DIRECTORS TO BECOME STUDENTS OF COMMONWEALTH-PARKVILLE SCHOOL, A TAX EXEMPT ORGANIZATION UNDER THE SEC. 501(C)(3). false false 18645 15766 62137 PROVIDE SCHOLARSHIPS FOR STUDENTS THAT SATISFY THE INTELLECTUAL AND MORAL CRITERIA AND/OR MEET THE REQUIREMENTS ESTABLISHED BY THE BOARD OF DIRECTORS TO BECOME STUDENTS OF COMMONWEALTH-PARKVILLE SCHOOL, TO COVER THE COST OF TUITON, BOOK FEES, TRANSPORTATION, MEALS AND ANY OTHER EXPENSE DIRECTLY RELATED TO THE INTERMEDIATE OR SECONDARY SCHOOL EDUCATION. 18645 true true false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true false false false true 0 0 true 0 false false false false false false false false false false false false false false X 5 5 false false false false false true false true true false false false true true false false true false false false X CARIBBEAN CONSOLIDATED SCHOOLS INC 7877654411 PO BOX 70177 SAN JUAN PR 00936 X FERNANDO DEL LLANO CHAIRPERSON 0.50 X 0 0 0 CARLOS ARROYO MEMBER 0.20 X 0 0 0 MIGUEL PAEZ TREASURER 0.30 X 0 0 0 MARIA MONTANEZ MEMBER 0.20 X 0 0 0 MARILOLA MARTINEZ DIRECTOR OF X 0 0 0 false false false 20000 20000 37311 37311 OTHER INCOME 4826 4826 4826 62137 42137 15766 15766 3774 3774 PROPERTY INSURANCE 2879 2879 BANK CHARGES 134 134 22553 18645 3908 0 1206536 1081636 1325 1325 154104 1207861 1237065 16978 9248 2650 19628 9248 X 1188233 1227817 1188233 1227817 1207861 1237065 39584 X true X false true false X 168050 3020 117429 115680 20000 424179 168050 3020 117429 115680 20000 424179 424179 4887 5404 5109 14882 37311 67593 36192 4826 41018 532790 0.79610 0.82370 X PART II, LINE 10 41,018 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1001200 20000 42137 15766 2879 3908 834933 1014846 11191 14882 39719 1001200 1027418 14437 5109 32118 1014846 890275 160386 5404 28647 1027418 896846 44513 4887 55971 890275 1.00000 false false CCSI TRUST-NATIONWIDE ANNUITY 154104 154104 X SCHEDULE D, PAGE 2, PART V, LINE 4 THE BOARD OF DIRECTOR APPROVED THE CREATION OF AN ENDOWMENT FUND TO BE USED FOR STUDENT SCHOLARSHIPS. THE SCHOOL ORGANIZED THE CARIBBEAN CONSOLIDATED SCHOOLS TRUST. THE DEED OF THE TRUST APPOINTED AS TRUSTEE A GOVERNING BOARD TO BE COMPRISED BY THE PRESIDENT OF THE SCHOOL'S BOARD DIRECTORS, THE HEADMASTER, THE BOARD'S TREASURER AND TWO OTHER INDIVIDUALS OF GOOD STANDING IN THE COMMUNITY. ON JUNE 14, 2011 THE BOARD OF DIRECTORS APPROVED THE TRANSFER OF THE ENDOWMENT FUND NET ASSETS TO THE TRUST AND DURING THE YEAR ENDED JUNE 30, 2012 NET ASSETS WERE TRANSFERRED TO THE TRUST. SCHEDULE D, PAGE 3, PART X ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE TRUSTS MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE TRUST AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE TRUST HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION OF TAXING AUTHORITIES. MANAGEMENT HAS EVALUATED THE TRUSTS TAX POSITIONS AND CONCLUDED THAT IT HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO OR DISCLOSURE IN THE FINANCIAL STATEMENTS false SCHOLARSHIPS 1 15766 SCHEDULE I, PAGE 1, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS SOLICITANTS NEED TO FILL OUT THE SCHOOL AND STUDENT SERVICES FOR FINANCIAL AID PARENTS FINANCIAL STATEMENT (PFS) AT SSS.NAIS.ORG/PARENTS AND SUBMIT A PRELIMINARY TAX RETURN AND W-2 FORMS BY FEBRUARY 28. THEN, SUBMIT A STAMPED COPY OF THE MOST RECENT TAX RETURN FORM NO LATER THAN APRIL 15. STUDENTS APPLYING FOR THE FINANCIAL AID PROGRAM MUST HAVE A G.P.S. OF 2.5 OR HIGHER. SCHOLARSHIP APPLICATIONS WILL BE REVIEWED BY TH COMMITTEE WITH DECISIONS MADE ON A CASE-BY-CASE BASIS AND WILL DEPEND ON THE FUNDS AVAILABLE IN THE PROGRAM. APPLICANTS WILL BE REVIEWED BY THE CPS SCHOLARSHIP PROGRAM COMMITTEE AND ITS DECISIONS WILL BE FINAL. THE COMMITTEE IS COMPRISED OF THE DIRECTOR OF ADMISSIONS, THE HEADMASTER, MIDDLE AND HIGH SCHOOL DIRECTOR, A DEPARTMENT REPRESENTATIVE OF THE TALENT AREA UNDER WHICH THE STUDENT IS APPLYING. THE TOTAL AMOUNT GRANTED FOR THE SCHOLARSHIP WILL EXTEND THROUGHOUT THE STUDENT'S CARRER AT CPS. DIVIDED EQUALLY AMONG THE YEARS THE STUDENT IS SCHEDULED TO ATTEND. FORM 990 - ORGANIZATION'S MISSION TO GENERATE REVENUES DERIVED FROM THE INVESTMENT AND FUNDRAISING ACTIVITIES TO FUND SCHOLARSHIPS FOR STUDENTS THAT SATISFY THE INTELLECTUAL AND MORAL CRITERIA AND/OR MEET THE REQUIREMENTS ESTABLISHED BY THE BOARD OF DIRECTORS TO BECOME STUDENTS OF COMMONWEALTH-PARKVILLE SCHOOL, A TAX EXEMPT ORGANIZATION UNDER THE SEC. 501(C)(3). FORM 990, PAGE 6, PART VI, LINE 7A ELECTION OF MEMBERS AND THEIR RIGHTS THE TRUST GOVERNING BOARD SHOULD BE COMPRISED BY THE PRESIDENT, THE HEADMASTER, AND THE TREASURER OF COMMONWEALTH-PARKVILLE SCHOOL, AND TWO INDIVIDUALS OF GOOD STANDING IN THE COMMUNITY AND RESIDENTS OF PUERTO RICO ELECTED BY THE MAJORITY VOTE BY THE MEMBERS OF THE BOARD OF DIRECTORS OF CCSI. FORM 990, PAGE 6, PART VI, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE TREASURER OR MEMBER OF FINANCE COMMITTEE OF THE BOARD OF DIRECTORS WILL REVIEW THE REPORT ALONG WITH THE FINANCE DIRECTOR. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC IN THE FOLLOWING MANNERS: GOVERNING DOCUMENTS: DOCUMENTS OF A PUBLIC NATURE ARE POSTED ON THE COMMONWEALTH-PARKVILLE SCHOOL WEBSITE (WWW.CPSPR.ORG), THE TRUST HOLDING CO. CONFLICT OF INTEREST POLICY: THE POLICY IS LISTED IN THE BOARD POLICY MANUAL AND IS DISTRIBUTED TO ALL CURRENT MEMBERS OF THE BOARD OF DIRECTOR. FINANCIAL STATEMENTS: THE FINANCIAL STATEMENTS ARE PRESENTED EACH NOVEMBER DURING THE ANNUAL MEETING OF PARENTS BY THE MEMBERS OF THE BOARDS OF DIRECTORS. MEMBERS OF THE BOARD OF DIRECTOR ARE GIVEN FULL FINANCIAL ACCOUNTS BI-MONTHLY AT REGULARLY SCHEDULED BOARDS MEETINGS. EACH MEMBER IS ISSUED A FINANCIAL STATEMENT FROM THE AUDITORS AND ITS ACCOMPANYING MANAGEMENT LETTER. CARIBBEAN CONSOLIDATED SCOOLS INC PO BOX 70177 SAN JUAN PR 00936 660258767 EDUCATION PR 501 2 NA false false false true false false false false false false false false false false false false false false false false CARIBBEAN CONSOLIDATED SCHOOLS INC C 20000 ACCRUAL METHOD