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Nonprofiteer
← DORAL ACADEMY INC

Form 990 for tax year 2022

Filed by DORAL ACADEMY INC.

Totals

Total revenue
$64,436,877
Total expenses
$55,517,733
Contributions and grants received
$57,591,161
Grants paid
$0
Program service revenue
$5,367,468
Investment income
$1,416,908
Other revenue
$61,340
Total assets, end of year
$166,053,080
Total liabilities, end of year
$101,267,723
Net assets or fund balances, end of year
$64,785,357
Program services expenses (Part IX)
$49,996,542
Management and general expenses
$5,521,191
Fundraising expenses
$0
Program service expenses (Part III)
$49,996,542

Program services were 90.1% 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)

    $57,556,707

  • 1f · All other contributions, gifts and grants

    $34,454

  • 2a · Program service revenue: COMMUNITY SERVICES

    total $3,289,987 · related or exempt $3,289,987

  • 2b · Program service revenue: INSTRUCTION

    total $1,215,375 · related or exempt $1,215,375

  • 2c · Program service revenue: FOOD SERVICES

    total $574,375 · related or exempt $574,375

  • 2d · Program service revenue: AFFILIATION FEES

    total $202,900 · related or exempt $202,900

  • 2e · Program service revenue: OPERATION OF PLANT

    total $84,831 · related or exempt $84,831

  • 3 · Investment income

    total $1,416,908 · related or exempt $1,416,908

  • 11a · Other revenue: E-RATE REBATES

    total $57,042 · related or exempt $57,042

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $4,298 · related or exempt $4,298

  • 11e · Other revenue, total

    $61,340

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $24,007,402 · program services $21,452,371 · management and general $2,555,031

  • 8 · Pension plan contributions

    total $519,700 · program services $441,129 · management and general $78,571

  • 9 · Other employee benefits

    total $4,065,562 · program services $3,633,192 · management and general $432,370

  • 11b · Fees: legal

    total $108,212 · management and general $108,212

  • 11c · Fees: accounting

    total $175,600 · program services $1,200 · management and general $174,400

  • 11g · Fees: other

    total $4,067,059 · program services $2,353,583 · management and general $1,713,476

  • 12 · Advertising and promotion

    total $25,670 · program services $19,970 · management and general $5,700

  • 16 · Occupancy

    total $6,962,504 · program services $6,962,129 · management and general $375

  • 17 · Travel

    total $40,228 · program services $28,910 · management and general $11,318

  • 20 · Interest

    total $991,687 · program services $991,687

  • 22 · Depreciation, depletion and amortization

    total $2,850,056 · program services $2,845,488 · management and general $4,568

  • 23 · Insurance

    total $586,485 · program services $586,485

  • 24a · Other expenses: SUPPLIES

    total $2,786,658 · program services $2,664,784 · management and general $121,874

  • 24b · Other expenses: STUDENT ENRICHMENT ACTI

    total $2,462,215 · program services $2,462,215

  • 24c · Other expenses: PRE-K & AFTERCARE EXPEN

    total $1,650,574 · program services $1,650,574

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $1,456,325 · program services $1,456,325

  • 24e · All other expenses

    total $2,761,796 · program services $2,446,500 · management and general $315,296

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $41,557,579 · end of year $51,355,890

  • 3 · Pledges and grants receivable

    beginning of year $6,314,141 · end of year $9,405,057

  • 9 · Prepaid expenses and deferred charges

    beginning of year $154,648 · end of year $320,835

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

    $47,013,068

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

    $14,926,765

  • 10c · Land, buildings and equipment, net

    beginning of year $33,806,669 · end of year $32,086,303

  • 15 · Other assets

    beginning of year $56,358,119 · end of year $72,884,995

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,361,667 · end of year $2,735,293

  • 19 · Deferred revenue

    end of year $3,134,937

  • 20 · Tax-exempt bond liabilities

    beginning of year $21,548,262 · end of year $21,108,531

  • 24 · Unsecured notes and loans payable

    beginning of year $1,000,000 · end of year $2,210,000

  • 25 · Other liabilities

    beginning of year $55,415,076 · end of year $72,078,962

  • 27 · Net assets without donor restrictions

    beginning of year $55,758,910 · end of year $64,628,683

  • 28 · Net assets with donor restrictions

    beginning of year $107,241 · end of year $156,674

Mission and programs · 2022

Mission

ESTABLISHED AS A CHARTER SCHOOL OF THE DISTRICT SCHOOL BOARD OF MIAMI-DADE COUNTY, FLORIDA.

Activities or mission (Part I)

THE MISSION OF DORAL ACADEMY INC FOCUSES ON CONTINUALLY DEVELOPING A HIGH QUALITY K-12 EDUCATIONAL LEARNING ENVIRONMENT WHERE A COMMUNITY OF STAKEHOLDERS ARE DEDICATED TO PROMOTING AN EXCEPTIONAL EDUCATIONAL EXPERIENCE WITH AN OBLIGATION TO ENSURE THAT OUR STUDENTS ENGAGE IN RIGOROUS LEARNING OPPORTUNITIES THAT WILL HELP THEM STRIVE FOR ACADEMIC ACHIEVEMENT AND A DESIRE TO BE LIFELONG LEARNERS AND SUCCESSFUL LEADERS IN THEIR PROFESSIONAL CAREERS.

  • PROVIDES EDUCATION FOR CHILDREN FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE. FOR THE FISCAL YEAR ENDED JUNE 30, 2023 APPROXIMATELY 5,442 STUDENTS WERE ENROLLED.

    Expenses $49,996,542 · Revenue $6,845,716

As filed on the 2022 return.

Listed in Part VII

  • Rene Rovirosa

    DIRECTOR,SECRETARY, TREASU

    Total calculated
    $0
    Hours/week
    2

  • Angela Ramos

    DIRECTOR, CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Kim Guilarte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Miranda Murillo

    DIRECTOR, STUDENT ALUMNI R

    Total calculated
    $0
    Hours/week
    2

  • Eleonora Cuesta

    PRINCIPAL, VICE PRESIDENT

    Total calculated
    $174,829
    From this org
    $174,829
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $174,829
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $174,829

  • Carlos A Ferralls

    PRINCIPAL, PRESIDENT

    Total calculated
    $215,545
    From this org
    $215,545
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $215,545
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $215,545

  • Marianella Mesa

    ASSISTANT PRINCIPAL

    Total calculated
    $120,665
    From this org
    $120,665
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jorge Nunez

    ASSISTANT PRINCIPAL

    Total calculated
    $145,256
    From this org
    $145,256
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Yvette Tamargo

    VICE PRINCIPAL

    Total calculated
    $144,910
    From this org
    $144,910
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Domingo Montenegro

    ENGLISH DEPARTMENT CHAIR

    Total calculated
    $125,066
    From this org
    $125,066
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Olga Farnesi Dominguez

    ADMINISTRATIVE ASSISTANT

    Total calculated
    $127,846
    From this org
    $127,846
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Daniel Gonzalez

    ASSISTANT PRINCIPAL

    Total calculated
    $116,675
    From this org
    $116,675
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Elizabeth Simon

    ASSISTANT PRINCIPAL

    Total calculated
    $121,258
    From this org
    $121,258
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Michael Crudele

    COMPUTER SCIENCE AND MATHE

    Total calculated
    $104,442
    From this org
    $104,442
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Michael Hunter

    SCIENCE/MATH TEACHER

    Total calculated
    $110,638
    From this org
    $110,638
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Patricia Zulueta

    DIRECTOR OF PREK PROGRAM

    Total calculated
    $112,650
    From this org
    $112,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Steven Iglesias

    DIRECTOR OF INNOVATION & TECHNOLOGY

    Total calculated
    $107,701
    From this org
    $107,701
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Dayana Gonzalez

    SOCIAL STUDIES TEACHER

    Total calculated
    $128,904
    From this org
    $128,904
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Marcelo Rodriguez

    PHYSICAL EDUCATION TEACHER

    Total calculated
    $111,700
    From this org
    $111,700
    From related orgs
    $0
    Other
    $0
    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
8 April 2024
IRS schema version
2022v5.0
Source object
202430999349301423

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

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