Civic Intelligence

Mater Academy Foundation Inc.

990 • Fiscal year 2023 • EIN 26-3039409

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 20, 2024

Organization ProfileGUIDESTAR.ORG
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

88th percentile

0.93x

Higher debt load relative to assets than 88% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Liabilities / Revenue

98th percentile

15.87x

Higher debt load relative to revenue than 98% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Net Margin

75th percentile

11%

Higher net margin than 75% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Top Officer Pay

3rd percentile

$0

Higher top officer pay than 3% of similar nonprofits.

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

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Asset Growth

4th percentile

-12%

Faster asset growth than 4% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Revenue Growth

2nd percentile

-70%

Faster revenue growth than 2% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$332,384,319

Down $46,651,753 (-12%) from 2022

Net Assets

Down

$24,919,547

Down $45,674,278 (-65%) from 2022

Liabilities

Down

$307,464,772

Down $977,475 (-0.3%) from 2022

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin75th percentile

Revenue

Down

$19,374,880

Down $44,974,245 (-70%) from 2022

Expenses

Up

$17,193,334

Up $6,380,878 (+59%) from 2022

Net Income

Down

$2,181,546

Down $51,355,123 (-96%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth4th 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

2023

Assets$332,384,319
Liabilities$307,464,772
Net Assets$24,919,547
Open 2023 Filing

Operations Trend

Revenue Growth2nd 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

2023

Revenue$19,374,880
Expenses$17,193,334
Net Income$2,181,546
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 20, 2024
Return Version
2022v5.0
Gross Receipts
$19,374,880
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
Cash and Non-Interest-Bearing Accounts$87,617,015$65,457,715▼ $22,159,300
Land, Buildings, and Equipment, Net$61,014,333$4,863,484▼ $56,150,849
Accounts Receivable$2,218,808$2,712,214▲ $493,406
Prepaid Expenses and Deferred Charges$14,537$14,537→ $0
Total Assets$379,036,072$332,384,319▼ $46,651,753
Other Assets Total$228,171,379$259,336,369▲ $31,164,990
Liabilities
Tax Exempt Bond Liabilities$255,805,004$255,381,792▼ $423,212
Other Liabilities$46,707,034$48,450,107▲ $1,743,073
Accounts Payable and Accrued Expenses$5,929,833$3,632,873▼ $2,296,960
Unsecured Notes Loans Payable$376--
Total Liabilities$308,442,247$307,464,772▼ $977,475
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$70,593,825$24,919,547▼ $45,674,278
Total Net Assets Fund Balance$70,593,825$24,919,547▼ $45,674,278
Total Liabilities and Net Assets / Fund Balance$379,036,072$332,384,319▼ $46,651,753

Asset Categories

AssetBook ValueDepreciationBasis
Land$4,755,664-$4,755,664
Equipment$107,820$26,955$134,775
Other Assets Org$18,419--
Compensation and Service Providers
Top Officer Pay3rd percentile

Board Members and Trustees

NameTitle
Roberto BlanchPresident
Christian C CrousillatDirector, Vice President, Chairman
Maria Beatriz NunezDirector
Shannie SadeskyDirector
Idalia SuarezDirector, Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Link Construction GroupConstruction5350 NW 77TH CT, Doral, FL 33166$32,998,896
Turin Construction GroupConstruction5225 N W 80TH TERRACE, Parkland, FL 33067$7,114,845
Bdi Construction CompanyConstruction7270 NW 12TH STREET SUITE 200, Miami, FL 33126$6,986,416
DaikinAir Conditiononing Equipment Installatio7255 CORPORATE CENTER DR STE A, Miami, FL 33126$1,570,811
Miami School Group LLCFacility Rental6457 SUNSET DRIVE, Miami, FL 33143$1,480,511
Revenue and Support

Revenue Composition

Contributions and Grants
$62,937
Program Service Revenue
$17,130,420
Investment Income
$2,181,523
Other Revenue
$0
All Other Contributions
$62,937
Change in Net Assets
$2,181,546

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,374,880
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$19,374,880
Total Revenue per Form 990
$19,374,880
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$17,073,758
Grants and Similar Amounts Paid$71,223
Salaries, Compensation, and Employee Benefits$48,353
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$9,278,774--$9,278,774
Occupancy$3,865,191--$3,865,191
Fees for Services Legal-$113,165-$113,165
Other Salaries and Wages-$48,353-$48,353
Fees for Services Accounting-$48,000-$48,000
Grants to Domestic Orgs$36,000--$36,000
Travel-$35,227-$35,227
Grants to Domestic Individuals$35,223--$35,223
Depreciation Depletion$26,955--$26,955
Fees for Services Other$12,685$135-$12,820
Other Expenses$12,596--$12,596
Insurance$8,697--$8,697
All Other Expenses$2,742--$2,742
Total Functional Expenses$16,948,454$244,880$0$17,193,334

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$17,193,334
Total Expenses per Audited Statements$17,193,334
Total Expenses per Form 990$17,193,334
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mater Academy IncMiami, FL501(c)(3)To Support Education$32,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$33,649,802
Deposits Liabilities$8,070,000
Accrual for Contruction of Leased Facilities$6,102,956
Due to Mater Academy Inc.$398,705
Due to Academica Management$225,000
Due to Umater$3,644

Bond Issues

BondIssuerIssuedIssue PricePurpose
AFlorida Development Finance Corporation2020-10-20$141,425,138Fund capital improvements, paid off prior taxable bonds
BFlorida Development Finance Corporation2022-04-28$119,437,432Fund capital improvements, paid off prior taxable bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$141,425,138--$2,443,390
B$119,437,432--$1,933,951

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The 990 is reviewed and signed by the organization's authorized representative.”

Form 990, Part VI, Section B, Line 12C

“A related party questionnaire is completed annually by each member.”

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
EIN
26-3039409
Phone
3056692906
Address
6340 SUNSET DRIVE, MIAMI, FL 33143

Signing Officer

Name
Roberto Blanch
Title
President
Phone
3056692906
Signed
2024-01-20
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
1
Volunteers
22

Preparer

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

Additional Explanations

FORM 990, PART XI, LINE 9:

“During the implementation of asc 842 leases in prior year, the organization recognized a net profit from sales type leases with affiliates which did not include the cost to complete several facilities under construction. When including the total estimated costs to complete the leased facilities, the organization's net profit from sales tax leases was overstated by $47,855,824. As such it was necessary to restate the organization's beginning net assets. Beginning net assets restatement -47,855,824.”

Form 990, Part XII, Line 2C

“The organization has not changed its oversight process or selection process during the tax year.”

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 june 30, 2023 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 june 30, 2023 mater academy foundation, inc is electing to capitalize repair and maintenance costs under reg. Sec. 1.263(a)-3(n).”

Raw XML AppendixShowing 400 of 620 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/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt070593825
IRS990/NetAssetsOrFundBalancesEOYAmt024919547
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt070593825
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt024919547
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt03865191
IRS990/OccupancyGrp/TotalAmt03865191
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0228171379
IRS990/OtherAssetsTotalGrp/EOYAmt0259336369
IRS990/OtherChangesInNetAssetsAmt0-47855824
IRS990/OtherExpensesGrp/Desc0LOSS FROM SALES TYPE LE
IRS990/OtherExpensesGrp/Desc1REPAIR AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2DUES & FEES
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ProgramServicesAmt03571369
IRS990/OtherExpensesGrp/ProgramServicesAmt163756
IRS990/OtherExpensesGrp/ProgramServicesAmt234466
IRS990/OtherExpensesGrp/ProgramServicesAmt312596
IRS990/OtherExpensesGrp/TotalAmt03571369
IRS990/OtherExpensesGrp/TotalAmt163756
IRS990/OtherExpensesGrp/TotalAmt234466
IRS990/OtherExpensesGrp/TotalAmt312596
IRS990/OtherLiabilitiesGrp/BOYAmt046707034
IRS990/OtherLiabilitiesGrp/EOYAmt048450107
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt048353
IRS990/OtherSalariesAndWagesGrp/TotalAmt048353
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014537
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014537
IRS990/PrincipalOfficerNm0ROBERTO BLANCH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt017130420
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt017130420
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt018695
IRS990/PYInvestmentIncomeAmt023168
IRS990/PYOtherExpensesAmt010745159
IRS990/PYOtherRevenueAmt013667
IRS990/PYProgramServiceRevenueAmt064312290
IRS990/PYRevenuesLessExpensesAmt053536669
IRS990/PYSalariesCompEmpBnftPaidAmt048602
IRS990/PYTotalExpensesAmt010812456
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt064349125
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02181546
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt019311943
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/SupportAmt064631
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MATER ACADEMY INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt064631
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/EquipmentGrp/BookValueAmt0107820
IRS990ScheduleD/EquipmentGrp/DepreciationAmt026955
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0134775
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt017193334
IRS990ScheduleD/LandGrp/BookValueAmt04755664
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04755664
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt029680922
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt113443726
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2300000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3220000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4214938808
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5640158
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt662498
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt731838
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt818419
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT OF USE ASSET OPERATING
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NOTE RECEIVABLE - FINANCING
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE FROM MATER EAST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TRUST ACCOUNT DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4NET INVESTMENT IN SALES TYPE LEASE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5DUE FROM MATER ACADEMY INC.
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6DUE FROM VENDOR
IRS990ScheduleD/OtherAssetsOrgGrp/Desc7OTHER RECEIVABLES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc8DUE FROM MATER BAY SCHOOLS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0225000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1398705
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt28070000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt33644
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt433649802
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt56102956
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO ACADEMICA MANAGEMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO MATER ACADEMY INC.
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEPOSITS LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUE TO UMATER
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5ACCRUAL FOR CONTRUCTION OF LEASED FACILITIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt019374880
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04863484
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0259336369
IRS990ScheduleD/TotalExpensesPerForm990Amt017193334
IRS990ScheduleD/TotalLiabilityAmt048450107
IRS990ScheduleD/TotalRevenuePerForm990Amt019374880
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt019374880
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt017193334
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt021000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt13899
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt210324
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1ENRICHMENT GRANT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2TEACHER MINI GRANT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt09
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt15
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt226
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc1FMV
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc2FMV
IRS990ScheduleI/RecipientTable/CashGrantAmt032000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT EDUCATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MATER ACADEMY INC
IRS990ScheduleI/RecipientTable/RecipientEIN0650857507
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt06340 SUNSET DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MIAMI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0FL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd033143
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
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd11
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd11
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd10

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$332,384,319
Liabilities
$307,464,772
Net assets
$24,919,547
Revenue
$19,374,880
Expenses
$17,193,334
Net income
$2,181,546
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