Day 1 Academies
- Assets
- $109.2m
- Revenue
- $111.1m
- Investments
- $0.0
- Employees
- 381
- Location
- Mercer Island, WA
- Founding
- Data as of
- 12/2022
- EIN
- 84-3907778
Organization Overview
Day 1 Academies, operating under the name Bezos Academy, is located in Mercer Island, WA. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2022, Bezos Academy employed 381 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bezos Academy 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 12/2022, Bezos Academy generated $111.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 63.0% each year . All expenses for the organization totaled $42.5m during the year ending 12/2022. 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
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, DAY 1 ACADEMIES OPERATED FIVE SCHOOLS WITH CAPACITY FOR 200 STUDENTS. ALSO IN 2022, DAY 1 ACADEMIES CONSTRUCTED AND DEVELOPED FIFTEEN NEW SCHOOLS FOR FUTURE PLANNED OPENINGS. IN ADDITION, DAY 1 ACADEMIES ENHANCED ITS TEACHER TRAINING PROGRAM, TRAINING OVER 20O TEACHERS, AND CONTINUED DEVELOPING, AMONG OTHER ITEMS, ITS CURRICULUM, ADMISSIONS POLICIES, SCHOOL POLICIES, STAFFING MODELS, AND SCHOOL LAYOUT MODELS. DAY 1 ACADEMIES ALSO CONTINUED DEVELOPING ITS OPERATING PLANS AND INFRASTRUCTURE TO ACCELERATE THE LAUNCH OF ADDITIONAL SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Bezos Director | Trustee | 1 | $0 |
Michael George President | OfficerTrustee | 40 | $794,432 |
Miguel Roque Chief Operations & Tech. Officer, VP | OfficerTrustee | 40 | $435,888 |
William Weiner Chief Legal Officer, Gc, Secretary | Officer | 40 | $310,440 |
Sean Coury Chief Finance Officer, Treasurer | Officer | 40 | $336,189 |
Michael Abello Chief Education Officer | Officer | 40 | $380,920 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Axios Construction Services Llc General Contractor Services | 12/30/22 | $3,195,116 |
Korsmo Construction General Contractor Services | 12/30/22 | $2,768,793 |
Leone & Keeble Inc General Contractor Services | 12/30/22 | $1,796,862 |
Corti Construction Inc General Contractor Services | 12/30/22 | $1,642,248 |
Forma Construction Company General Contractor Services | 12/30/22 | $1,057,442 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,000,634 |
| Noncash contributions included in lines 1a–1f | $115,000,634 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,000,634 |
| Total Program Service Revenue | $0 |
| Investment income | $617,535 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,543,091 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,075,078 |
| 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. | $3,074,327 |
| Compensation of current officers, directors, key employees. | $1,314,013 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,525,206 |
| Pension plan accruals and contributions | $586,964 |
| Other employee benefits | $3,525,227 |
| Payroll taxes | $1,908,950 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $150,534 |
| Fees for services: Accounting | $33,387 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,925,185 |
| Advertising and promotion | $1,255,490 |
| Office expenses | $612,209 |
| Information technology | $1,095,076 |
| Royalties | $0 |
| Occupancy | $1,099,302 |
| Travel | $925,399 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $843,149 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $253,585 |
| Insurance | $147,114 |
| All other expenses | $40,234 |
| Total functional expenses | $42,528,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,207,033 |
| Savings and temporary cash investments | $75,717,535 |
| Pledges and grants receivable | $0 |
| 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 | $7,488,577 |
| Net Land, buildings, and equipment | $2,867,974 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,963,292 |
| Total assets | $109,244,411 |
| Accounts payable and accrued expenses | $5,299,488 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $544,488 |
| Total liabilities | $5,843,976 |
| Net assets without donor restrictions | $103,400,435 |
| Net assets with donor restrictions | $0 |
| 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 | $109,244,411 |