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← DORAL COLLEGE INC

Form 990 for tax year 2023

Filed by DORAL COLLEGE INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 7 May 2026. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$5,541,067 changed to $5,269,487
Total expenses
$4,563,059 changed to $4,717,714
Program service revenue
$5,019,029 changed to $4,747,449
Total assets, end of year
$5,232,218 changed to $4,960,639
Total liabilities, end of year
$207,066 changed to $361,722
Net assets or fund balances, end of year
$5,025,152 changed to $4,598,917
Program services expenses
$3,346,877 changed to $3,501,532
Program service expenses (Part III)
$3,346,877 changed to $3,501,532

Totals

Total revenue
$5,541,067
Total expenses
$4,563,059
Contributions and grants received
$430,413
Grants paid
$47,500
Program service revenue
$5,019,029
Investment income
$91,625
Other revenue
$0
Total assets, end of year
$5,232,218
Total liabilities, end of year
$207,066
Net assets or fund balances, end of year
$5,025,152
Program services expenses (Part IX)
$3,346,877
Management and general expenses
$1,216,182
Fundraising expenses
$0
Program service expenses (Part III)
$3,346,877

Program services were 73.3% 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.

  • 1f · All other contributions, gifts and grants

    $430,413

  • 1g · Noncash contributions included above

    $430,413

  • 2a · Program service revenue: EDUCATIONAL SERVICES R

    total $5,019,029 · related or exempt $5,019,029

  • 3 · Investment income

    total $91,625 · related or exempt $91,625

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $31,900 · program services $31,900

  • 2 · Grants to domestic individuals

    total $15,600 · program services $15,600

  • 7 · Other salaries and wages

    total $2,722,080 · program services $2,441,891 · management and general $280,189

  • 8 · Pension plan contributions

    total $47,101 · program services $23,965 · management and general $23,136

  • 9 · Other employee benefits

    total $348,341 · program services $259,246 · management and general $89,095

  • 11a · Fees: management

    total $342,064 · management and general $342,064

  • 11b · Fees: legal

    total $13,105 · management and general $13,105

  • 11c · Fees: accounting

    total $27,000 · management and general $27,000

  • 11g · Fees: other

    total $13,778 · management and general $13,778

  • 12 · Advertising and promotion

    total $16,983 · program services $7,983 · management and general $9,000

  • 14 · Information technology

    total $55,716 · management and general $55,716

  • 16 · Occupancy

    total $134,476 · management and general $134,476

  • 17 · Travel

    total $47,338 · program services $425 · management and general $46,913

  • 22 · Depreciation, depletion and amortization

    total $4,530 · program services $1,584 · management and general $2,946

  • 23 · Insurance

    total $28,088 · management and general $28,088

  • 24a · Other expenses: TEXTBOOKS

    total $575,722 · program services $557,929 · management and general $17,793

  • 24b · Other expenses: DUES & FEES

    total $68,182 · program services $101 · management and general $68,081

  • 24c · Other expenses: SUPPLIES

    total $40,236 · program services $2,870 · management and general $37,366

  • 24d · Other expenses: FOOD SERVICES

    total $15,690 · program services $0 · management and general $15,690

  • 24e · All other expenses

    total $15,129 · program services $3,383 · management and general $11,746

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,573,416 · end of year $2,591,133

  • 3 · Pledges and grants receivable

    beginning of year $281,693 · end of year $1,437,406

  • 7 · Other notes and loans receivable

    beginning of year $1,250,000 · end of year $1,203,273

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

    $259,316

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

    $258,910

  • 10c · Land, buildings and equipment, net

    beginning of year $4,936 · end of year $406

  • 17 · Accounts payable and accrued expenses

    beginning of year $62,901 · end of year $38,034

  • 25 · Other liabilities

    beginning of year $0 · end of year $169,032

  • 27 · Net assets without donor restrictions

    beginning of year $2,848,249 · end of year $3,821,879

  • 28 · Net assets with donor restrictions

    beginning of year $1,198,895 · end of year $1,203,273

Mission and programs · 2023

Mission

THE ORGANIZATION WAS ESTABLISHED TO PROVIDE A POSTSECONDARY ACADEMIC CONCURRENT ENROLLMENT PROGRAM THAT ESTABLISHES AN INNOVATIVE PATH TOWARD THE COMPLETION OF COLLEGE DEGREE.

Activities or mission (Part I)

DORAL COLLEGE IS AN INNOVATIVE HIGHER EDUCATION INSTITUTION OFFERING ASSOCIATE AND BACHELOR'S DEGREES AND DELIVERING DYNAMIC EDUCATIONAL EXPERIENCES BY BLENDING TRADITIONAL AND ONLINE LEARNING, SUPPORTIVE PARTNERSHIPS, AND TECHNOLOGY TO EMPOWER HIGHLY MOTIVATED AND DEDICATED STUDENTS TO OVERCOME CONVENTIONAL BARRIERS.

  • DORAL COLLEGE, INC IS A COMPREHENSIVE COLLEGE THAT INTEGRATES EDUCATION WITH OPPORTUNITY THROUGH INSTRUCTIONAL PROGRAMS AND STUDENT SERVICES. FOR THE YEAR ENDED JUNE 30, 2024, THERE WERE APPROXIMATELY 6,900 STUDENTS ENROLLED IN COURSES.

    Expenses $3,346,877 · Grants $47,500 · Revenue $5,110,654

As filed on the 2023 return.

Listed in Part VII

  • Luis Fuste

    DIRECTOR,CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Juan Garcia

    DIRECTOR, VC

    Total calculated
    $0
    Hours/week
    2

  • Tony Morales

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Juan Carlos Infante

    DIRECTOR, TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Taylor Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael J Quijano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Daniel Iglesias

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Judith Marty

    PRESIDENT

    Total calculated
    $208,918
    From this org
    $208,918
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $208,918
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $208,918

  • Cristina Guerra

    VICE PRESIDENT FOR STUDENT

    Total calculated
    $121,275
    From this org
    $121,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Guillermo Rivera

    VICE PRESIDENT FOR ACADEMI

    Total calculated
    $121,275
    From this org
    $121,275
    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

Provenance

Return type
form_990
Tax year
2023
Filed
31 March 2025
IRS schema version
2023v6.0
Source object
202510909349300336

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