Civic Intelligence

Mater Academy Foundation Inc.

990 • Fiscal year 2019 • EIN 26-3039409

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

Organization ProfileN/A
6340 Sunset DriveMiami, FL 33143

(305) 669-2906

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

82nd percentile

0.68x

Higher debt load relative to assets than 82% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

84th percentile

1.31x

Higher debt load relative to revenue than 84% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

77th percentile

17%

Higher net margin than 77% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

13th percentile

$0

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

79th percentile

16%

Faster asset growth than 79% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

84th percentile

30%

Faster revenue growth than 84% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$17,512,117

Up $2,405,289 (+16%) from 2018

Net Assets

Up

$5,594,810

Up $1,587,867 (+40%) from 2018

Liabilities

Up

$11,917,307

Up $817,422 (+7.4%) from 2018

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin77th percentile

Revenue

Up

$9,080,237

Up $2,081,779 (+30%) from 2018

Expenses

Up

$7,505,857

Up $1,966,580 (+36%) from 2018

Net Income

Up

$1,574,380

Up $115,199 (+7.9%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400M$300M$200M$100M$0Assets 2013: $822,386Liabilities 2013: $687,353Net Assets 2013: $135,0332013Assets 2014: $1,073,001Liabilities 2014: $1,064,008Net Assets 2014: $8,9932014Assets 2015: $2,049,239Liabilities 2015: $1,346,936Net Assets 2015: $702,3032015Assets 2016: $12,533,905Liabilities 2016: $10,818,836Net Assets 2016: $1,715,0692016Assets 2017: $13,822,505Liabilities 2017: $11,274,743Net Assets 2017: $2,547,7622017Assets 2018: $15,106,828Liabilities 2018: $11,099,885Net Assets 2018: $4,006,9432018Assets 2019: $17,512,117Liabilities 2019: $11,917,307Net Assets 2019: $5,594,8102019Assets 2022: $379,036,072Liabilities 2022: $308,442,247Net Assets 2022: $70,593,8252022Assets 2023: $332,384,319Liabilities 2023: $307,464,772Net Assets 2023: $24,919,5472023Assets 2024: $336,431,838Liabilities 2024: $314,370,931Net Assets 2024: $22,060,9072024Assets 2025: $314,916,537Liabilities 2025: $311,085,090Net Assets 2025: $3,831,4472025

Highlighted filing

2019

Assets$17,512,117
Liabilities$11,917,307
Net Assets$5,594,810
Open 2019 Filing

Operations Trend

Revenue Growth84th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0-$50MRevenue 2013: $277,392Expenses 2013: $323,584Net Income 2013: -$46,1922013Revenue 2014: $2,089,682Expenses 2014: $2,215,722Net Income 2014: -$126,0402014Revenue 2015: $3,330,289Expenses 2015: $2,636,979Net Income 2015: $693,3102015Revenue 2016: $4,854,820Expenses 2016: $3,842,054Net Income 2016: $1,012,7662016Revenue 2017: $5,517,756Expenses 2017: $4,685,063Net Income 2017: $832,6932017Revenue 2018: $6,998,458Expenses 2018: $5,539,277Net Income 2018: $1,459,1812018Revenue 2019: $9,080,237Expenses 2019: $7,505,857Net Income 2019: $1,574,3802019Revenue 2022: $64,349,125Expenses 2022: $10,812,456Net Income 2022: $53,536,6692022Revenue 2023: $19,374,880Expenses 2023: $17,193,334Net Income 2023: $2,181,5462023Revenue 2024: $21,553,239Expenses 2024: $24,411,879Net Income 2024: -$2,858,6402024Revenue 2025: $21,190,707Expenses 2025: $39,420,167Net Income 2025: -$18,229,4602025

Highlighted filing

2019

Revenue$9,080,237
Expenses$7,505,857
Net Income$1,574,380
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$9,081,503
Mission and Program Overview

Mission

The mission of the foundation is to enhance the academic and personal growth of mater academy students through a partnership between the foundation and the charter schools.

Mater academy foundation, inc. Is a not-for-profit organization operating in south florida. The organization provides financial support to all mater academy charter schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,401,374$10,084,487▼ $316,887
Cash and Non-Interest-Bearing Accounts$3,383,005$4,690,681▲ $1,307,676
Accounts Receivable$356,044$537,675▲ $181,631
Intangible Assets$143,098$129,888▼ $13,210
Total Assets$14,320,315$17,512,117▲ $3,191,802
Other Assets Total$36,794$2,069,386▲ $2,032,592
Liabilities
Unsecured Notes Loans Payable$6,577,492$6,076,738▼ $500,754
Other Liabilities$3,707,930$5,814,406▲ $2,106,476
Accounts Payable and Accrued Expenses$14,463$26,163▲ $11,700
Total Liabilities$10,299,885$11,917,307▲ $1,617,422
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,020,430$5,594,810▲ $1,574,380
Total Net Assets Fund Balance$4,020,430$5,594,810▲ $1,574,380
Total Liabilities and Net Assets / Fund Balance$14,320,315$17,512,117▲ $3,191,802

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,769,213$776,141$8,545,354
Land$2,315,274-$2,315,274
Other Assets Org$200,000--
Compensation and Service Providers
Top Officer Pay13th percentile

Board Members and Trustees

NameTitle
Roberto BlanchPresident
Cesar C CrousillatVice President, Chairman, Director
Shannie SadeskyDirector
Idalia SuarezDirector, Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Hialeah School Development LLCFacility Rental6457 SUNSET DRIVE, Miami, FL 33143$1,563,096
Miami Sports Property LLCFacility Rental6457 SUNSET DRIVE, Miami, FL 33143$1,365,545
Miami School Group LLCFacility Rental6457 SUNSET DRIVE, Miami, FL 33143$1,355,730
Apple Core Development LLCFacility Rental5378 BROOKLINE DRIVE, Orlando, FL 32819$1,158,300
Revenue and Support

Revenue Composition

Contributions and Grants
$43,500
Program Service Revenue
$8,918,935
Investment Income
$37,736
Other Revenue
$80,066
Change in Net Assets
$1,574,380

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,858,464
Revenue Not Reported on Financial Statements
$221,773
Revenue Not Reported on Form 990
$1,266
Other Revenue Adjustments
$221,773
Total Revenue per Audited Statements
$8,859,730
Total Revenue per Form 990
$9,080,237
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,416,027
Grants and Similar Amounts Paid$89,830
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$6,635,665--$6,635,665
Interest$306,003--$306,003
Depreciation Depletion$219,654--$219,654
Grants to Domestic Orgs$67,930--$67,930
Grants to Domestic Individuals$21,900--$21,900
Fees for Services Accounting-$13,500-$13,500
Fees for Services Other$6,039$4,060-$10,099
Other Expenses$4,934$2,455-$7,389
Fees for Services Legal$1,000$1,573-$2,573
All Other Expenses-$2,000-$2,000
Total Functional Expenses$7,480,839$25,018$0$7,505,857

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,505,856
Total Expenses per Audited Statements$6,961,527
Expenses per Audited Statements$6,960,261
Expenses Not Reported on Financial Statements$545,595
Other Expense Adjustments$545,595
Expenses Not Reported on Form 990$1,266
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mater Academy IncHialeah, FL501 (c) (3)To Support Education.$67,930
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$81,332
Fundraising Direct Expenses$1,266
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Casino Night$121,832$78,332$740$77,592
Spelling Bee$3,000$3,000-$3,000
Total Events$124,832$81,332$1,266$80,066
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to 8003 for Sinking Fund$1,833,185
Due to 600 Holdings, Inc. for Sinking Fund$1,110,099
Accrued Rent$996,794
Prepaid Rent From Tenant$700,000
Due to Landlord$357,306
Due to 600 Holdings Foundation$350,000
Due to Academica Management$225,000
Due to 8003 Foundation$169,000
Due to Mater Academy$56,231
Accrued Interest$16,791
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The organization's bookkeeper along with the contracted cpa firm, work together to prepare the return. After preparation, the return is reviewed by the board's president before issuance.”

Form 990, Part VI, Section C, Line 18

“This information is already available on guidestar.org.”

Form 990, Part VI, Section C, Line 19

“This information is available upon request.”

Filing and Contact Details

Filer

Filer Name
Mater Academy Foundation Inc
EIN
26-3039409
Phone
3056692906
Address
6340 SUNSET DRIVE, MIAMI, FL 33143

Signing Officer

Name
Roberto Blanch
Title
President
Phone
3056692906
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roberto Blanch
Formed
2009
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
6

Preparer

Firm
Hlb Gravier Llp
Address
396 ALHAMBRA CIRCLE SUITE 900, CORAL GABLES, FL 33134-5095
Preparer
Leonardo D Gravier
Phone
3054463022
Supplemental Narrative

Additional Explanations

Section 1.263(A)-1(F) De Minimis Safe Harbor Election

“Mater academy foundation, inc 6340 sunset drive miami, 33143 employer identificacion number: 26-3039409 for the year ending december 31, 2019 mater academy foundation, inc is making the minimis safe harbor election under reg. Sec. 1.263(a)-1(f)”

Section 1.263(A)-3(N) Election

“Mater academy foundation, inc 6340 sunset drive miami, 33143 employer identificacion number: 26-3039409 for the year ending december 31, 2019 mater academy foundation, inc is electing to capitalize repair and maintenance costs under reg. Sec. 1.263(a)-3(n).”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expense reported as a contra revenue per tax 1,266.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Straight line gaap audit adjustment made to reflect rental income straight line method 221,773.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expense reported as a contra revenue per tax 1,266.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Book to tax difference in treatment of recoverable grant repayment 175,000. Straight line gaap audit adjustment made to reflect rental expense straight line method 370,595.”

Raw XML AppendixShowing 400 of 590 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0MATER ACADEMY FOUNDATION, INC. IS A NOT-FOR-PROFIT ORGANIZATION OPERATING IN SOUTH FLORIDA. THE ORGANIZATION PROVIDES FINANCIAL SUPPORT TO ALL MATER ACADEMY CHARTER SCHOOLS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT, CHAIRMAN, DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR, SECRETARY
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IRS990/OtherExpensesGrp/Desc3MEALS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01430
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12455
IRS990/OtherExpensesGrp/ProgramServicesAmt0175000
IRS990/OtherExpensesGrp/ProgramServicesAmt132028
IRS990/OtherExpensesGrp/ProgramServicesAmt210686
IRS990/OtherExpensesGrp/ProgramServicesAmt34934
IRS990/OtherExpensesGrp/TotalAmt0175000
IRS990/OtherExpensesGrp/TotalAmt132028
IRS990/OtherExpensesGrp/TotalAmt212116
IRS990/OtherExpensesGrp/TotalAmt37389
IRS990/OtherLiabilitiesGrp/BOYAmt03707930
IRS990/OtherLiabilitiesGrp/EOYAmt05814406
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ROBERTO BLANCH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08918935
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08918935
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt040525
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt049595
IRS990/PYInvestmentIncomeAmt026465
IRS990/PYOtherExpensesAmt05482715
IRS990/PYOtherRevenueAmt029797
IRS990/PYProgramServiceRevenueAmt06906828
IRS990/PYRevenuesLessExpensesAmt01471305
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt05532310
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07003615
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01574380
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt08956671
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0650857507
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt067930
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MATER ACADEMY INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt067930
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt07769213
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0776141
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08545354
IRS990ScheduleD/ExpensesNotReportedAmt01266
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0545595
IRS990ScheduleD/ExpensesSubtotalAmt06960261
IRS990ScheduleD/LandGrp/BookValueAmt02315274
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02315274
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0460830
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt15650
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt22995
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt350000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt453117
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5300000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt6996794
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt7200000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER RECEIVABLES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE FROM H+K TRUST CUTLER BAY SITE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TRUST ACCOUNT DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4BOND DEAL
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5DUE FROM MATER ACADEMY INC.
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6DEFERRED RENT RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc7SECURITY DEPOSIT
IRS990ScheduleD/OtherExpensesIncludedAmt01266
IRS990ScheduleD/OtherExpensesNotIncludedAmt0545595
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01110099
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11833185
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2700000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3169000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4225000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt5350000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt656231
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt7996794
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt816791
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt9357306
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO 600 HOLDINGS, INC. FOR SINKING FUND
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO 8003 FOR SINKING FUND
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PREPAID RENT FROM TENANT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUE TO 8003 FOUNDATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4DUE TO ACADEMICA MANAGEMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5DUE TO 600 HOLDINGS FOUNDATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6DUE TO MATER ACADEMY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc7ACCRUED RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc8ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc9DUE TO LANDLORD
IRS990ScheduleD/OtherRevenueAmt01266
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0221773
IRS990ScheduleD/RevenueNotReportedAmt01266
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0221773
IRS990ScheduleD/RevenueSubtotalAmt08858464
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EXPENSE REPORTED AS A CONTRA REVENUE PER TAX 1,266.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1STRAIGHT LINE GAAP AUDIT ADJUSTMENT MADE TO REFLECT RENTAL INCOME STRAIGHT LINE METHOD 221,773.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSE REPORTED AS A CONTRA REVENUE PER TAX 1,266.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3BOOK TO TAX DIFFERENCE IN TREATMENT OF RECOVERABLE GRANT REPAYMENT 175,000. STRAIGHT LINE GAAP AUDIT ADJUSTMENT MADE TO REFLECT RENTAL EXPENSE STRAIGHT LINE METHOD 370,595.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010084487
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02069386
IRS990ScheduleD/TotalExpensesPerForm990Amt07505856
IRS990ScheduleD/TotalLiabilityAmt05814406
IRS990ScheduleD/TotalRevenuePerForm990Amt09080237
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08859730
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06961527
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt0526
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt0526
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt043500
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt043500
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt01266
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPELLING BEE
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0CASINO NIGHT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt03000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0121832
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0124832
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt03000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt078332
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt081332
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt080066
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0740
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0740
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt010000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt16100
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt25800
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1ENRICHMENT GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2TEACHER MINI GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt010
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt14
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt212
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc1FMV
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc2FMV
IRS990ScheduleI/RecipientTable/CashGrantAmt067930
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501 (C) (3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT EDUCATION.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MATER ACADEMY INC
IRS990ScheduleI/RecipientTable/RecipientEIN0650857507
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt07901 NW 103RD STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0HIALEAH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0FL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd033016
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION WORKS CLOSELY WITH THE GRANT RECIPIENT TO ENSURE THAT THE FUNDS ARE USED FOR THEIR INTENDED PURPOSES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE I, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,512,117
Liabilities
$11,917,307
Net assets
$5,594,810
Revenue
$9,080,237
Expenses
$7,505,857
Net income
$1,574,380
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$315$311$3.83$21.2$39.4$18.2
2024Detailed filing. Detailed filing data is available for this year.$336$314$22.1$21.6$24.4$2.86
2023Detailed filing. Detailed filing data is available for this year.$332$307$24.9$19.4$17.2$2.18
2022Detailed filing. Detailed filing data is available for this year.$379$308$70.6$64.3$10.8$53.5
2019Detailed filing. Detailed filing data is available for this year.$17.5$11.9$5.59$9.08$7.51$1.57
2018Detailed filing. Detailed filing data is available for this year.$15.1$11.1$4.01$7.00$5.54$1.46
2017Detailed filing. Detailed filing data is available for this year.$13.8$11.3$2.55$5.52$4.69$0.83
2016Detailed filing. Detailed filing data is available for this year.$12.5$10.8$1.72$4.85$3.84$1.01
2015Detailed filing. Detailed filing data is available for this year.$2.05$1.35$0.70$3.33$2.64$0.69
2014Detailed filing. Detailed filing data is available for this year.$1.07$1.06$0.01$2.09$2.22$0.13
2013Detailed filing. Detailed filing data is available for this year.$0.82$0.69$0.14$0.28$0.32$0.05