Mater Academy Inc
- Assets
- $368.8m
- Revenue
- $163.3m
- Investments
- $0.0
- Employees
- 1,859
- Location
- Miami, FL
- Founding
- 01/2000
- Data as of
- 06/2022
- EIN
- 65-0857507
Organization Overview
Mater Academy Inc is located in Miami, FL. The organization was established in 2000. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Mater Academy Inc employed 1,859 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mater Academy Inc 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 06/2022, Mater Academy Inc generated $163.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $167.5m during the year ending 06/2022. While expenses have increased by 9.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MATER ACADEMY, INC IS COMPOSED OF TWENTY-SIX CHARTER SCHOOLS, EDUCATING STUDENTS FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE. THE SCHOOLS OPERATE UNDER CHARTERS WITH THE DISTRICT SCHOOL BOARD OF MIAMI-DADE COUNTY, FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION FOR CHILDREN FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE. FOR THE FISCAL YEAR ENDED JUNE 30, 2022, APPROXIMATELY 15,287 STUDENTS WERE ENROLLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rene Rovirosa Principal | 40 | $190,771 | |
Jose Rodriguez Ap Environmental Science And Marinescience Teache | 40 | $185,493 | |
Roberto Blanch President | Officer | 2 | $164,490 |
Jose Nunez Principal | 40 | $160,763 | |
Beatriz Riera Principal, Executive Direc | 40 | $159,475 | |
Ileana Melian Principal | 40 | $153,616 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mater Academy Foundation Inc Rental Facilities | 6/29/22 | $3,639,968 |
Adp Employee Leasing | 6/29/22 | $65,031,468 |
Academica Dade Llc Educational Service Provider | 6/29/22 | $6,558,731 |
School Development Hg Ii Llc Rental Facilities | 6/29/22 | $1,798,633 |
It Savvy Llc Computer Services | 6/29/22 | $3,513,285 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $149,551,417 |
| All other contributions, gifts, grants, and similar amounts not included above | $164,065 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,715,482 |
| Total Program Service Revenue | $12,341,658 |
| Investment income | $187,339 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $163,317,337 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,290,000 |
| 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 | $65,521,930 |
| Pension plan accruals and contributions | $1,288,859 |
| Other employee benefits | $12,558,277 |
| Payroll taxes | $0 |
| Fees for services: Management | $6,879,258 |
| Fees for services: Legal | $318,243 |
| Fees for services: Accounting | $379,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,736,778 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,922,867 |
| Travel | $113,303 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,221,457 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,450,505 |
| Insurance | $2,276,260 |
| All other expenses | $22,131,390 |
| Total functional expenses | $167,488,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,681,311 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $18,447,417 |
| Accounts receivable, net | $1,675,569 |
| 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 | $3,885,155 |
| Net Land, buildings, and equipment | $29,329,167 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $252,789,629 |
| Total assets | $368,808,248 |
| Accounts payable and accrued expenses | $13,053,567 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $32,708 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $252,880,621 |
| Total liabilities | $265,966,896 |
| Net assets without donor restrictions | $101,592,817 |
| Net assets with donor restrictions | $1,248,535 |
| 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 | $368,808,248 |
Grants Awarded
Over the last fiscal year, Mater Academy Inc has awarded $750,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Kissimmee, FL PURPOSE: TO PROVIDE FINANCIAL SUPPORT TO MATER BRIGHTON LAKES ACADEMY, INC. | $650,000 |
SPORTS LEADERSHIP AND MANAGEMENT INC PURPOSE: TO PROVIDE FINACIAL SUPPORT TO SPORTS LEADERSHIP AND MANAGEMENT, INC. | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Mater Academy Inc has recieved totaling $2,777,014.
| Awarding Organization | Amount |
|---|---|
Digital Promise Global Washington, DC PURPOSE: TO PROVIDE TEACHERS AND STUDENTS IN U.S. MIDDLE/HIGH SCHOOLS WITH ALWAYS-AVAILABLE ACCESS | $2,342,958 |
Digital Promise Global Washington, DC PURPOSE: TO PROVIDE TEACHERS AND STUDENTS IN U.S. MIDDLE/HIGH SCHOOLS WITH ALWAYS-AVAILABLE ACCESS | $396,500 |
Project Lead The Way Inc Indianapolis, IN PURPOSE: Program Implementation | $30,000 |
Project Lead The Way Inc Indianapolis, IN PURPOSE: Program Implementation | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $56 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mater Academy Inc Miami, FL | $368,808,248 | $163,317,337 |
Kings Academy Inc West Palm Beach, FL | $71,507,499 | $41,105,705 |
Bridgeprep Academy Inc Miami, FL | $11,150,990 | $35,186,838 |
Westminster Christian School Miami, FL | $63,040,762 | $31,809,440 |
Scheck Hillel Community School Inc North Miami, FL | $32,581,738 | $29,091,360 |
Cushman School Inc Miami, FL | $60,717,443 | $28,827,418 |
Mt Paran Christian School Inc Kennesaw, GA | $56,928,804 | $29,889,603 |
The Hebrew Day School Of Broward County Inc Davie, FL | $31,151,205 | $23,429,832 |
Trinity School Inc Atlanta, GA | $133,203,671 | $25,058,941 |
Carrollwood Day School Education Inc Tampa, FL | $44,857,641 | $20,567,249 |
Kipp Jacksonville Inc Jacksonville, FL | $9,839,108 | $19,518,543 |
Randolph School Huntsville, AL | $69,168,210 | $21,425,432 |