2024-05-15T15:55:33-04:00 2023-06-30 660563256 KEVANE GRANT THORNTON LLP 33 CALLE BOLIVIA STE 400 SAN JUAN PR 009172013 990 2022-07-01 666034235 CARIBBEAN CONSOLIDATED SCHOOLS TRUST CARI 7877654411 PO BOX 70177 SAN JUAN PUERTO RICO RQ 00936 MARILOLA MARTINEZ DIRECTOR OF FINANCE 7877654411 2024-05-15 MARILOLA MARTINEZ XXX-XX-XXXX true ALI DIAZ P02042046 7877541915 2024-05-15 2022 2023-04-26 12:10:37Z MARILOLA MARTINEZ URB ROOSEVELT 100 CALLE CESAR CASTILLO SAN JUAN PR 009182856 130562 false X N/A 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 117429 115680 0 5109 14882 0 122538 130562 14445 15821 0 0 0 0 17673 23898 32118 39719 90420 90843 1104143 1207861 19628 1104143 1188233 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 18480 15821 115680 PROVIDE SCHOLARSHIPS FOR STUDENTS THAT STATISFY 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 TUITION, BOOK FEES, TRANSPORTATION, MEALS, AND ANY OTHER EXPENSE DIRECTLY RELATED TO THE INTERMEDIATE OR SECONDARY SCHOOL EDUCATION. 18480 true true false false false false false false false true false false false false true true false true false false false false false false false false false false true true false false false false false false false false false false false false false true false false false true 0 0 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 RICK WEINLAND HEAD OF SCHO 0.30 50.00 X 0 175700 38000 YANELLY PAGAN DIRECTOR OF 45.00 X 0 46053 0 MARILOLA MARTINEZ DIRECTOR OF 50.00 X 0 28125 0 CARLOS ARROYO MEMBER 0.20 X 0 0 0 FERNANDO DEL LLANO CHAIRPERSON 0.50 X 0 0 0 MARIA MONTAEZ CHAIR TREASU 0.20 X 0 0 0 MIGUEL PAEZ TREASURER 0.30 X 0 0 0 249878 38000 false true false 115680 115680 14882 14882 130562 14882 15821 15821 21206 21206 2659 2659 BANK CHARGES 33 33 39719 18480 21239 0 1014846 1206536 1333 1325 87964 1104143 1207861 16978 2650 0 19628 X 1104143 1188233 1104143 1188233 1104143 1207861 90843 -6753 X false true X true false X 96975 168050 3020 117429 115680 501154 96975 168050 3020 117429 115680 501154 501154 4569 4887 5404 5109 14882 34851 36189 36192 72381 608386 0.82370 0.77410 X PART II, LINE 10 72,381 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1014846 11191 14882 39719 1001200 1027418 14437 5109 32118 1014846 890275 160386 5404 28647 1027418 896846 44513 4887 55971 890275 839883 119635 4569 67241 896846 1.00000 false false DUE TO RELATED ENTITIES 2650 2650 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 PART X - FIN 48 FOOTNOTE "THE SCHOOL ADOPTED ACCOUNTING STANDARDS RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. AS A RESULT OF THIS ADOPTION, MANAGEMENT ASSESSED WHETHER THERE WERE ANY UNCERTAIN TAX POSITIONS WHICH MAY GIVE RISE TO INCOME TAX LIABILITIES AND DETERMINED THAT THERE WERE NO SUCH MATTERS REQUIRING RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS." true SCHOLARSHIPS 11 15821 SCHEDULE I, PAGE 1, PART I, LINE 2 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. false false false false false false false false false RICK WEINLAND HEAD OF SCHOOL 175700 38000 213700 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 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 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 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 SCHOOLS INC PO BOX 70177 SAN JUAN PR 00936 660258767 EDUCATION PR 501 2 N/A false false false true false false false false false false false false false false false false false false false false CARIBBEAN CONSOLIDATED SCHOOL INC C 115680 ACCRUAL METHOD