Coral Education Corporation
- Assets
- $2.1m
- Revenue
- $44.0
- Investments
- $0.0
- Employees
- 0
- Location
- Reno, NV
- Founding
- 08/2000
- Data as of
- 06/2021
- EIN
- 88-0442692
Organization Overview
Coral Education Corporation is located in Reno, NV. The organization was established in 2000. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coral Education Corporation 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, Coral Education Corporation generated $44.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (74.1%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE EDUCATIONAL AND CULTURAL AWARENESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A RENTAL PROPERTY USED AS A SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mehmet Fatih Yilmaz Treasurer | OfficerTrustee | 1 | $0 |
Sevki Cesmeci President | OfficerTrustee | 1 | $0 |
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 | $43 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| 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 | $44 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,950 |
| Fees for services: Accounting | $8,832 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $112 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $13,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $655,609 |
| Savings and temporary cash investments | $0 |
| 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 | $23,900 |
| Net Land, buildings, and equipment | $1,425,521 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,105,030 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,398,722 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,398,722 |
| Net assets without donor restrictions | $706,308 |
| 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 | $2,105,030 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Coral Education Corporation has recieved totaling $65.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $65 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastside College Preparatory School Inc East Palo Alto, CA | $149,041,945 | $13,237,474 |
Woodcrest Christian School System Riverside, CA | $10,382,294 | $8,960,462 |
Arizona School For The Arts Phoenix, AZ | $17,957,065 | $9,971,200 |
Whittier Christian High School La Habra, CA | $11,529,057 | $13,113,142 |
Georgiana Bruce Kirby Preparatory School Santa Cruz, CA | $18,060,665 | $8,530,460 |
Options For Youth-San Gabriel Inc Pasadena, CA | $4,737,546 | $10,263,727 |
Equipo Academy Las Vegas, NV | $5,537,300 | $8,383,335 |
Pacifica Christian High School Santa Monica, CA | $6,301,985 | $7,922,381 |
Orme School Mayer, AZ | $6,303,743 | $8,057,848 |
The Gregory School Tucson, AZ | $8,582,916 | $8,752,250 |
Legacy Secondary Schools Inc Valencia, CA | $3,200,715 | $6,761,544 |
Northwest Academy Portland, OR | $25,854,406 | $19,083,366 |