NonprofitsPalmas Academy Inc

Palmas Academy Inc

HUMACAO, PR

Total revenue

$5.4M

Total expenses

$5.8M

Net assets

$2.1M

Grants received

$266K

8 grants

EIN

660486893

Tax year

2023

Mission

Educational services to approx. 506 students from pre-k to 12th grade. See general footnote attached.

Financials

FY 2023

Revenue

Contributions & grants$1.2M
Program service revenue$3.8M
Investment income$15K
Other revenue$410K
Total revenue$5.4M

Expenses

Grants paid
Salaries & benefits$3.5M
Fundraising
Other expenses$2.2M
Total expenses$5.8M
Total assets$10.7M
Net assets$2.1M

People

10 listed

NameRoleCompensation

MARIEL FIGUEROA

TREASURER

Board

1 hrs/wk

WENDY DRISCOLL

SECRETARY

Board

1 hrs/wk

TYSON HENDRICKSEN

MEMBER

Board

1 hrs/wk

JASON MADDOX

MEMBER

Board

1 hrs/wk

DAVID HURWITZ

PRESIDENT

Board

1 hrs/wk

LIZ COLN

MEMBER

Board

1 hrs/wk

JAIME PALS

MEMBER

Board

1 hrs/wk

LILLIAM MORALES

MEMBER

Board

1 hrs/wk

RAL COSCULLUELA

MEMBER

Board

1 hrs/wk

DAVID SANABRIA

HEAD OF SCHO

Staff

$236K

40 hrs/wk

Independent contractors

LMS INC PENNOCK PLANTS & DESIGNS

LANDSCAPE

$121K

Grants received

Showing 8 of 8

FromAmountPurposeYear
$110K
GENERAL SUPPORT
2024
$10K
Youth Development
2024
$15K
GENERAL SUPPORT
2023
$10K
Youth Development
2023
$6K
For grant recipient's exempt purposes
2023
$100K
DIRECT SOCIAL ASSISTANCE AND CULTURAL PRESERVATION
2022
$10K
For grant recipient's exempt purposes
2022

Funded by

$266K from 5 funders · 8 grants · 2022–2024

Hurwitz Family Foundation

$125K · 2 grants · 2023–2024

Luan Foundation

$100K · 1 grant · 2022

For The Future Foundation

$20K · 2 grants · 2023–2024

Fidelity Investments Charitable Gift Fund

$16K · 2 grants · 2022–2023

Details

EIN660486893
Subsection03
Ruling date1994-07
Formed1992
Employees98
PALMAS ACADEMY INC — Mission, Financials & Grants Received | Grantivo