2025-05-14T18:13:51-07:00 2024-06-30 660434187 DE ANGEL & COMPANIA CPA LLC PO BOX 5460 CAGUAS PR 00726 990 2023-07-01 660725105 INSTITUTO NUEVA ESCUELA INST 7877587766 1101 PONCE DE LEON AVE SAN JUAN PR 00925 RAUL APONTE HERNANDEZ PRESIDENTE 7877587766 2025-05-14 1 1 Carlos De Angel P01481471 7877584428 2025-05-06 2023 2025-03-06 01:10:19Z RAUL APONTE HERNANDEZ 1101 PONCE DE LEON AVE SAN JUAN PR 00925 10642279 0 X www.inepr.org X 2008 PR To disseminate the Montessori system principles for the benefit of children and the Puerto Rico system education through educational services to teachers. 7 7 438 441 0 0 8492091 10519031 125022 123248 0 0 0 0 8617113 10642279 0 0 0 0 7380038 7727100 0 0 0 2050849 1880783 9430887 9607883 -813774 1034396 2274896 3499113 590707 746140 1684189 2752973 To accompany, train and serve communities in Puerto Rico through public Montessori education to develop prepared human beings that contribute to the common good. 0 0 7600984 0 10642279 CERTIFY TEACHERS ON THE MONTESSORI SYSTEM OF EDUCATION AND PROVIDE LEADERSHIP AND TECHNICAL ASSISTANCE TO PUBLIC SCHOOLS. 0 0 0 7600984 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 438 1 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 1 0 X THE CORPORATION 7877587766 1101 PONCE DE LEON AVE SAN JUAN PR 00925 X RAUL APONTE HERNANDEZ PRESIDENT 3 0 X X 0 0 0 MICHELLE CARLO ARRAIZA SECRETARY 3 0 X X 0 0 0 CARLOS DEL RIO VOCAL 3 0 X 0 0 0 SANDRA BORRES VOCAL 1 0 X 0 0 0 JUAN PABLO GONZALEZ VOCAL 3 0 X 0 0 0 IVIS NEGRON VOCAL 1 0 X 0 0 0 JANICE PETROVICH VOCAL 3 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 92413 0 8492293 1934325 222372 10519031 TUITION WORKSHOP & OTHER 611430 123248 123248 0 0 0 0 0 0 123248 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10642279 123248 0 0 6977814 5520211 1457603 749286 659793 89493 622212 504508 117704 24854 24854 9020 9020 111887 94273 17614 14275 14275 44345 44345 MATERIALS 761594 738247 23347 0 REPAIR AND MAINTENANCE 12874 0 12874 0 RENTAL & UTILITIES 91272 0 91272 0 LICENSES & BAD DEBT 20182 0 20182 0 168268 83952 84316 9607883 7600984 2006899 0 1640457 2397719 140763 349376 33455 41571 273099 17826 28827 255273 398399 410486 32995 44688 2274896 3499113 108908 467361 186219 100751 295580 178028 590707 746140 X 1190271 1436099 493918 1316874 1684189 2752973 2274896 3499113 1034396 34388 0 0 0 0 X 0 1 X 1 0 X 5398182 7674210 7707645 8492091 10519031 39791159 161249 128884 88438 125022 123248 626841 5559431 7803094 7796083 8617113 10642279 40418000 40418000 662172 156559 0 34388 853119 5559431 8465266 7952642 8617113 10676667 41271119 0.97933 0.97795 0 0 X Schedule A, Part III, Line 12 Unrealized Gain on investments. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 222372 0 6795 215577 0 0 0 0 50727 0 11031 39696 0 0 0 0 255273 0 ACCRUED PAYROLL AND TAXES 97649 ACCRUED EXPENSES - OTHER 35691 CURRENT PORTION OF OPERATING LEASE LIABILITY 32797 OPERATING LEASE LIABILITY NET OF CURRENT PORTION 11891 178028 X 10676667 34388 0 0 0 34388 10642279 0 0 0 10642279 9607883 0 0 0 0 0 9607883 0 0 0 9607883 Schedule D, Part X, Line 2 The Institution has adopted FASB Interpretation (FIN) No. 48, "Accounting for Uncertainty in Income Taxes" - an interpretation of ASC No. 740, which is an accounting standard that prescribes a more likely-than-not threshold for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. This interpretation also provides guidance on the recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax position and income tax disclosures. The Institution's policy for interest and penalties related to income tax exposures is to recognize interest and penalties as a component of the provision for income taxes in the Statement of Activities and Changes in Net Assets. As of June 30, 2024, the Institution believes that there are no uncertain tax positions and has no accrued income tax related interest and/or penalties in the accompanying Statement of Financial Position. The Institution is exempt from Puerto Rico and U.S. Federal income taxes under the provisions of Section 1101 of the Puerto Rico Internal Revenue Code of 2011, as amended, and Section 501(c) (3) of the U.S. Internal Revenue Code, respectively. Management has analyzed tax positions taken for filing with the Internal Revenue Service and with the Puerto Rico jurisdiction. Management believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the Institution's financial condition, results of activities, or cash flows. Accordingly, no provision for income taxes has been recorded in the accompanying financial statements. However, if applicable, income from unrelated business activities would be taxable. The Institution earned no such income during the years ended June 30, 2024. All required informative returns up to the fiscal year ended June 30, 2024, have been filed by the Institution. PLATAFORMA GLOBAL GIVER 23382 0 23382 0 0 0 0 0 0 MONTESSORI FEST 58816 0 58816 0 0 0 0 0 0 1 10215 0 10215 0 0 0 0 0 0 92413 0 92413 0 0 0 0 0 0 0 92413 Schedule G, Part I, Line 1 Collections recorded in the Fundraising Account were miscellaneous donations received through the Global Giving Platform and The Montessori Fest. X 1 222372 FAIR MARKET VALUE 0 0 0 0 Form 990, Part VI, Section B, Line 11b THIS FORM IS PREPARED BY A CERTIFIED PUBLIC ACCOUNTANT AND THEN REVIEWED AND SIGNED BY THE TREASURER OF THE ORGANIZATION. Form 990, Part VI, Section B, Line 15 THE PROCESS TO DETERMINE THE COMPENSATION OF THE EXECUTIVE DIRECTOR STARTS WITH AN EVALUATION AND RECOMENDATION OF THE BOARDS OF DIRECTORS OF INSTITUTO NUEVA ESCUELA. ON THE PRESENTATION TO THE BOARD OF THE BUDGET FOR THE NEXT FISCAL YEAR, THE BOARD INFORMS ABOUT ANY CHANGE RELATED TO COMPENSATION OF THE EXECUTIVE DIRECTOR. FOR THE COMPENSATION OF KEY EMPLOYEES, THE EVALUATION PROCESS IS DONE BY THE LEADER OF EACH AREA. THEY RECOMENDED TO THE EXECUTIVE DIRECTOR; WICH DETERMINE WICH POSITION WILL BE PRESENTED IN THE BUDGET FOR THE NEXT FISCAL YEAR. THEN THE BOARD APPROVE THE COMPENSATION. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION MAKE ITS FINANCIAL STATEMENTS AVALIABLE TO THE PUBLIC BY FILLING A NON-PROFITABLE CORPORATE ANNUAL REPORT WITH THE PUERTO RICO STATE DEPARTMENT.