Mater Academy Inc

“Academica dade, llc, a professional charter school educational service and support organization, provides professional services and related support to public charter schools including, but not limited to, academic support, facility development and compliance, staffing recommendations, human resource and payroll coordination, regulatory compliance, legal and corporate upkeep, bookkeeping and accounting, budgeting, and financial reporting.”

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

“The organization requires that all officers and/or directors disclose any activity that may be a conflict of interest. A related party questionnaire is completed annually by each member.”

“The determination of compensation for officers and key employees involves reviewing officers' contract, organization's budget, and past performance”

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

“This information is available to the general public via www.materacademy.com”

“The organization files all required federal employment tax returns through its employee leasing company - adp.”

“Public utility service: program service expenses 4,675,921. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,675,921. Security services: program service expenses 3,858,237. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,858,237. Supplies: program service expenses 3,003,364. Management and general expenses 606,230. Fundraising expenses 0. Total expenses 3,609,594. Licenses: program service expenses 3,270,051. Management and general expenses 291,481. Fundraising expenses 0. Total expenses 3,561,532. Virtual instruction delivery fee: program service expenses 3,080,236. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,080,236. Pre-k expense: program service expenses 2,433,607. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,433,607. Dues and fees: program service expenses 2,026,027. Management and general expenses 284,551. Fundraising expenses 0. Total expenses 2,310,578. Cleaning services: program service expenses 1,897,937. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,897,937. Furniture, fixtures, and equipment (not capitalized under dmsh): program service expenses 1,821,690. Management and general expenses 23,607. Fundraising expenses 0. Total expenses 1,845,297. Computer hardware (not capitalized under dmsh): program service expenses 1,170,938. Management and general expenses 485,343. Fundraising expenses 0. Total expenses 1,656,281. Administrative overhead: program service expenses 0. Management and general expenses 1,622,001. Fundraising expenses 0. Total expenses 1,622,001. Workbooks: program service expenses 1,243,925. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,243,925. Communitcation: program service expenses 1,049,793. Management and general expenses 9,498. Fundraising expenses 0. Total expenses 1,059,291. Miscellaneous expense: program service expenses 783,526. Management and general expenses 213,018. Fundraising expenses 0. Total expenses 996,544. Professional development: program service expenses 869,448. Management and general expenses 0. Fundraising expenses 0. Total expenses 869,448. Virtual fees: program service expenses 49,607. Management and general expenses 0. Fundraising expenses 0. Total expenses 49,607. Property tax: program service expenses 45,151. Management and general expenses 0. Fundraising expenses 0. Total expenses 45,151.”

“During the year ended june 30, 2025, the organization's auditors recorded -531,186. A prior-period adjustment related to a change in estimate for the write-off of an accounts receivable that was deemed uncollectible. This adjustment resulted in a restatement of the organizations beginning net assets, the amount of the decrease in net assets was $531,186 in addition, the organization recorded an adjustment to beginning net asset to correct the prior recognition of grant revenue and a related receivable recorded in a previous year. Upon receipt of the funds, it was determined that the organization was not eligible for the grant and the funds must be returned to the grantor. Accordingly, the organization recorded a liability for the repayment and reduced beginning net assets for the amount previously recognized. The organization's independent auditors determined that the adjustment was immaterial to the prior year financial statements and therefore reflected the correction as an adjustment to beginning net assets in the current year rather than restating the prior year.”

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

“Mater academy, inc 6340 sunset drive miami, fl 33143 employer identification number: 65-0857507 for the year ending june 30th, 2025 mater academy, inc is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f).”

“Mater academy, inc 6340 sunset drive miami, fl 33143 employer identification number: 65-0857507 for the year ending june 30th, 2025 mater academy, inc. Is electing to capitalize repair and maintenance costs under reg. Sec. 1.263(a)-3(n).”