Coral Academy Of Science Reno
- Assets
- $54.7m
- Revenue
- $15.9m
- Investments
- $0.0
- Employees
- 199
- Location
- Reno, NV
- Founding
- Data as of
- 06/2023
- EIN
- 84-3463741
Organization Overview
Coral Academy Of Science Reno is located in Reno, NV. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Coral Academy Of Science Reno employed 199 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coral Academy Of Science Reno 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 06/2023, Coral Academy Of Science Reno generated $15.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $17.4m during the year ending 06/2023. While expenses have increased by 16.2% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CORAL ACADEMY OF SCIENCE RENOS MISSION IS TO PROVIDE A SAFE LEARNING ENVIRONMENT, SUPPORTED BY A DIVERSE COMMUNITY, AND A STUDENT BODY THAT IS DEDICATED TO A RIGOROUS COLLEGE PREPARATORY CURRICULUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORAL ACADEMY OF SCIENCE RENO OPERATES AS A K-12 PUBLIC-FUNDED CHARTERSCHOOL PROVIDING STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, ANDMATHEMATICS) INSTRUCTION IN WASHOE COUNTY, NEVADA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Feyzi Tandogan Executive Director | Officer | 40 | $139,043 |
Halil Canbekli Director Of Business And Fina | Officer | 40 | $107,478 |
Ercan Aydogdu Member | Trustee | 1 | $0 |
Tin Nguyen Member | Trustee | 1 | $0 |
Rachel Cord Secretary | OfficerTrustee | 1 | $0 |
Mehmet Gunes Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charter School Management Corp Outsorced Charter School Management | 6/29/21 | $135,700 |
Sky Blue Cleaning Janitorial Service | 6/29/21 | $134,760 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,650,222 |
| All other contributions, gifts, grants, and similar amounts not included above | $137,477 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,787,699 |
| Total Program Service Revenue | $649,621 |
| Investment income | $426,168 |
| 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 | $15,863,488 |
| 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. | $344,761 |
| Compensation of current officers, directors, key employees. | $344,761 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,607,384 |
| Pension plan accruals and contributions | $1,868,555 |
| Other employee benefits | $905,371 |
| Payroll taxes | $120,855 |
| Fees for services: Management | $186,851 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,325,959 |
| Advertising and promotion | $32,180 |
| Office expenses | $257,983 |
| Information technology | $399,020 |
| Royalties | $0 |
| Occupancy | $896,628 |
| Travel | $19,705 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,803,336 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $618,810 |
| Insurance | $79,119 |
| All other expenses | $0 |
| Total functional expenses | $17,430,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,178,788 |
| Savings and temporary cash investments | $11,036,552 |
| Pledges and grants receivable | $161,867 |
| Accounts receivable, net | $0 |
| 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 | $90,362 |
| Net Land, buildings, and equipment | $32,329,340 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $380,592 |
| Other assets | $6,564,794 |
| Total assets | $54,742,295 |
| Accounts payable and accrued expenses | $2,292,812 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $41,954,641 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $393,362 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,380,509 |
| Total liabilities | $60,021,324 |
| Net assets without donor restrictions | -$16,315,581 |
| Net assets with donor restrictions | $11,036,552 |
| 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 | $54,742,295 |