Skip to content
Nonprofiteer
← DUAL IMMERSION ACADEMY INCORPORATED

Form 990 for tax year 2023

Filed by DUAL IMMERSION ACADEMY INCORPORATED.

Totals

Total revenue
$6,023,232
Total expenses
$5,630,724
Contributions and grants received
$5,727,390
Grants paid
$0
Program service revenue
$112,061
Investment income
$175,078
Other revenue
$8,703
Total assets, end of year
$12,534,931
Total liabilities, end of year
$10,684,867
Net assets or fund balances, end of year
$1,850,064
Program services expenses (Part IX)
$4,877,987
Management and general expenses
$752,737
Fundraising expenses
$0
Program service expenses (Part III)
$4,877,987

Program services were 86.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $5,640,410

  • 1f · All other contributions, gifts and grants

    $86,980

  • 2a · Program service revenue: Fees

    total $108,140 · related or exempt $108,140

  • 2b · Program service revenue: Food sales

    total $3,921 · related or exempt $3,921

  • 3 · Investment income

    total $175,078 · related or exempt $175,078

  • 11a · Other revenue: Other

    total $8,703 · related or exempt $8,703

  • 11e · Other revenue, total

    $8,703

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $92,409 · program services $92,409

  • 7 · Other salaries and wages

    total $2,730,475 · program services $2,465,751 · management and general $264,724

  • 8 · Pension plan contributions

    total $59,396 · program services $59,396

  • 9 · Other employee benefits

    total $317,798 · program services $255,269 · management and general $62,529

  • 10 · Payroll taxes

    total $210,691 · program services $210,691

  • 11a · Fees: management

    total $80,901 · program services $12,136 · management and general $68,765

  • 11b · Fees: legal

    total $9,067 · program services $1,360 · management and general $7,707

  • 11c · Fees: accounting

    total $19,800 · program services $2,970 · management and general $16,830

  • 11g · Fees: other

    total $273,966 · program services $192,838 · management and general $81,128

  • 12 · Advertising and promotion

    total $3,099 · program services $3,099

  • 13 · Office expenses

    total $6,428 · program services $6,428

  • 14 · Information technology

    total $147,192 · program services $110,191 · management and general $37,001

  • 16 · Occupancy

    total $182,014 · program services $152,702 · management and general $29,312

  • 17 · Travel

    total $22,983 · program services $22,983

  • 19 · Conferences, conventions and meetings

    total $69,836 · program services $69,836

  • 20 · Interest

    total $491,156 · program services $425,496 · management and general $65,660

  • 22 · Depreciation, depletion and amortization

    total $249,176 · program services $235,719 · management and general $13,457

  • 23 · Insurance

    total $24,233 · program services $24,233

  • 24a · Other expenses: Food

    total $251,896 · program services $251,896

  • 24b · Other expenses: Supplies and materials

    total $197,645 · program services $92,021 · management and general $105,624

  • 24c · Other expenses: Repairs and maintenance

    total $95,370 · program services $95,370

  • 24d · Other expenses: Dues and fees

    total $51,569 · program services $51,569

  • 24e · All other expenses

    total $43,624 · program services $43,624

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,127,637 · end of year $2,135,841

  • 2 · Savings and temporary cash investments

    beginning of year $907,419 · end of year $2,007,745

  • 3 · Pledges and grants receivable

    beginning of year $875,741 · end of year $615,223

  • 4 · Accounts receivable

    beginning of year $6,104 · end of year $6,610

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,665 · end of year $33,380

  • 10a · Land, buildings and equipment: cost or other basis

    $9,253,332

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,365,951

  • 10c · Land, buildings and equipment, net

    beginning of year $6,132,429 · end of year $5,887,381

  • 11 · Investments: publicly traded securities

    beginning of year $1,590,479 · end of year $1,540,583

  • 15 · Other assets

    beginning of year $240,491 · end of year $308,168

  • 17 · Accounts payable and accrued expenses

    beginning of year $601,111 · end of year $688,860

  • 19 · Deferred revenue

    beginning of year $118,653 · end of year $1,324,391

  • 20 · Tax-exempt bond liabilities

    beginning of year $8,715,000 · end of year $8,605,000

  • 23 · Secured mortgages and notes payable

    beginning of year $15,645 · end of year $66,616

  • 27 · Net assets without donor restrictions

    beginning of year $1,449,555 · end of year $1,842,063

  • 28 · Net assets with donor restrictions

    beginning of year $8,001 · end of year $8,001

Mission and programs · 2023

Mission

To offer educational services in the form a public elementary charter school.

Activities or mission (Part I)

To offer educational services in the form of a public charter school.

  • Operation of one public charter school, for students from kindergarten through 8th grade.

    Expenses $4,064,238 · Revenue $108,140

  • Provide a preschool and after school day care

    Expenses $214,532

  • Operation of a food service program for students and faculty.

    Expenses $599,217 · Revenue $3,921

As filed on the 2023 return.

Listed in Part VII

  • Rich Stowell

    Member

    Total calculated
    $0
    Hours/week
    1

  • Teri Slaugh

    Member

    Total calculated
    $0
    Hours/week
    1

  • Alice Akunyili

    Member

    Total calculated
    $0
    Hours/week
    1

  • Javier Campos

    Member

    Total calculated
    $0
    Hours/week
    1

  • Tereza Bagdasarova

    Member

    Total calculated
    $0
    Hours/week
    1

  • Victor Jimenez

    Member

    Total calculated
    $0
    Hours/week
    1

  • Mequette Sorenson

    Member

    Total calculated
    $0
    Hours/week
    1

  • Mac Newbold

    Member

    Total calculated
    $0
    Hours/week
    1

  • Angela Fanjul

    Executive Director

    Total calculated
    $102,395
    From this org
    $92,409
    From related orgs
    $0
    Other
    $9,986
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
17 January 2025
IRS schema version
2023v6.0
Source object
202540559349301504

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.