Mater Academy Of Nevada
- Assets
- $50.3m
- Revenue
- $33.9m
- Investments
- $0.0
- Employees
- 360
- Location
- Las Vegas, NV
- Founding
- 11/2017
- Data as of
- 06/2021
- EIN
- 46-5122331
Organization Overview
Mater Academy Of Nevada is located in Las Vegas, NV. The organization was established in 2017. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Mater Academy Of Nevada employed 360 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mater Academy Of Nevada is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Mater Academy Of Nevada generated $33.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $35.4m during the year ending 06/2021. While expenses have increased by 29.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MATER ACADEMY OF NEVADA IS A COLLEGE PREP CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIVE SCHOOL ACCOUNT - GENERAL, NON-GRANT, INSTRUCTIONAL INCOME AND EXPENSES AS DETERMINED BY STUDENT POPULATION AND CAMPUS.
SPECIAL EDUCATION FUNDING - EXPENSES ASSOCIATED WITH SPECIAL EDUCATION, IN ADDITION TO THE GENERALIZED EXPENSES COVED BY THE OPERATING ACCOUNT.
STUDENT GENERATED FUNDS - ACTIVITIES INCLUDE AFTERCARE, CLUBS, CAMPUS VENDING MACHINES, CONCESSION OPERATED BY STUDENT AND FACILITY VALUNTEERT, AND OTHER ORGANIZED SCHOOL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee Fairless Principal- Mater East | 40 | $146,812 | |
Amy Gronna Principal - Mater Bonanza | 40 | $103,877 | |
Olivia Carbajal Principal- Mater Mt. Vista | 40 | $100,286 | |
Mary Beth Scow Board Chair | OfficerTrustee | 2 | $0 |
Ricardo Jasso Board Vice Chair | OfficerTrustee | 2 | $0 |
Lisa Satory Board Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,495,342 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,496,842 |
| Total Program Service Revenue | $370,525 |
| Investment income | $257 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $35,320 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,903,245 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,811,486 |
| Pension plan accruals and contributions | $3,307,626 |
| Other employee benefits | $3,510,324 |
| Payroll taxes | $578,748 |
| Fees for services: Management | $1,437,336 |
| Fees for services: Legal | $7,662 |
| Fees for services: Accounting | $46,398 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $589,618 |
| Advertising and promotion | $32,481 |
| Office expenses | $2,492,758 |
| Information technology | $1,753,971 |
| Royalties | $0 |
| Occupancy | $2,275,543 |
| Travel | $17,810 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,311 |
| Interest | $1,267,666 |
| Payments to affiliates | $36 |
| Depreciation, depletion, and amortization | $947,525 |
| Insurance | $109,400 |
| All other expenses | $462,204 |
| Total functional expenses | $35,398,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,310,162 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,400,689 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $101,209 |
| Net Land, buildings, and equipment | $27,694,655 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,782,570 |
| Total assets | $50,289,285 |
| Accounts payable and accrued expenses | $2,090,065 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $30,337,761 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,276,700 |
| Unsecured mortgages and notes payable | $1,501,041 |
| Other liabilities | $17,377,433 |
| Total liabilities | $53,583,000 |
| Net assets without donor restrictions | -$2,137,942 |
| Net assets with donor restrictions | -$1,155,773 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $50,289,285 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mater Academy Of Nevada has recieved totaling $1,066,001.
| Awarding Organization | Amount |
|---|---|
Digital Promise Global Washington, DC PURPOSE: TO PROVIDE TEACHERS AND STUDENTS IN U.S. MIDDLE/HIGH SCHOOLS WITH ALWAYS-AVAILABLE ACCESS | $744,001 |
Digital Promise Global Washington, DC PURPOSE: TO PROVIDE TEACHERS AND STUDENTS IN U.S. MIDDLE/HIGH SCHOOLS WITH ALWAYS-AVAILABLE ACCESS | $312,000 |
Project Lead The Way Inc Indianapolis, IN PURPOSE: Program Implementation | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rocketship Education Redwood City, CA | $74,871,482 | $120,667,231 |
American Leadership Academy Inc Mesa, AZ | $282,415,478 | $95,654,658 |
Five Keys Schools And Programs San Francisco, CA | $50,545,317 | $97,031,582 |
Inspire Charter Schools Duarte, CA | $15,814,456 | $76,018,441 |
Edkey Inc Mesa, AZ | $135,819,543 | $83,812,049 |
River Springs Charter School Inc Temecula, CA | $93,652,592 | $73,899,584 |
Granada Hills Charter Granada Hills, CA | $124,597,337 | $79,128,584 |
California Online Public Schools San Juan Capistrano, CA | $32,661,705 | $70,303,969 |
Camino Nuevo Charter Academy Los Angeles, CA | $62,441,915 | $60,583,098 |
Gateway Community Charters Mcclellan, CA | $96,780,042 | $72,531,964 |
Visions In Education Carmichael, CA | $94,876,505 | $77,038,173 |
Ofl-Baldwin Park Inc Pasadena, CA | $26,446,895 | $59,505,291 |