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Nonprofiteer
← DAY 1 ACADEMIES

Form 990 for tax year 2022

Filed by DAY 1 ACADEMIES.

Totals

Total revenue
$111,075,078
Total expenses
$42,528,161
Contributions and grants received
$115,000,634
Grants paid
$0
Program service revenue
$0
Investment income
-$3,925,556
Other revenue
$0
Total assets, end of year
$109,244,411
Total liabilities, end of year
$5,843,976
Net assets or fund balances, end of year
$103,400,435
Program services expenses (Part IX)
$31,953,960
Management and general expenses
$10,574,201
Fundraising expenses
$0
Program service expenses (Part III)
$31,953,960

Program services were 75.1% 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.

  • 1f · All other contributions, gifts and grants

    $115,000,634

  • 1g · Noncash contributions included above

    $115,000,634

  • 3 · Investment income

    total $617,535 · excluded $617,535

  • 7a · Gross sales of assets other than inventory

    securities $110,457,543

  • 7b · Less cost or other basis and sales expenses

    securities $115,000,634

  • 7c · Gain or loss

    securities -$4,543,091

  • 7d · Net gain or loss

    total -$4,543,091 · excluded -$4,543,091

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $3,074,327 · program services $1,760,314 · management and general $1,314,013

  • 7 · Other salaries and wages

    total $20,525,206 · program services $17,478,013 · management and general $3,047,193

  • 8 · Pension plan contributions

    total $586,964 · program services $486,274 · management and general $100,690

  • 9 · Other employee benefits

    total $3,525,227 · program services $3,170,479 · management and general $354,748

  • 10 · Payroll taxes

    total $1,908,950 · program services $1,609,624 · management and general $299,326

  • 11b · Fees: legal

    total $150,534 · management and general $150,534

  • 11c · Fees: accounting

    total $33,387 · management and general $33,387

  • 11g · Fees: other

    total $2,925,185 · program services $1,106,610 · management and general $1,818,575

  • 12 · Advertising and promotion

    total $1,255,490 · program services $997,617 · management and general $257,873

  • 13 · Office expenses

    total $612,209 · program services $387,743 · management and general $224,466

  • 14 · Information technology

    total $1,095,076 · program services $102,612 · management and general $992,464

  • 16 · Occupancy

    total $1,099,302 · program services $558,654 · management and general $540,648

  • 17 · Travel

    total $925,399 · program services $732,496 · management and general $192,903

  • 19 · Conferences, conventions and meetings

    total $843,149 · program services $713,267 · management and general $129,882

  • 22 · Depreciation, depletion and amortization

    total $253,585 · program services $61,416 · management and general $192,169

  • 23 · Insurance

    total $147,114 · program services $23,613 · management and general $123,501

  • 24a · Other expenses: CLASSROOM MATERIALS

    total $2,162,338 · program services $1,811,732 · management and general $350,606

  • 24b · Other expenses: EQUIPMENT

    total $1,325,523 · program services $913,495 · management and general $412,028

  • 24c · Other expenses: SCHOOL SUPPORT COSTS

    total $35,915 · program services $26,985 · management and general $8,930

  • 24d · Other expenses: TAXES AND LICENSING

    total $3,047 · program services $2,832 · management and general $215

  • 24e · All other expenses

    total $40,234 · program services $10,184 · management and general $30,050

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $33,157,947 · end of year $10,207,033

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $75,717,535

  • 9 · Prepaid expenses and deferred charges

    beginning of year $278,433 · end of year $7,488,577

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

    $3,128,325

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

    $260,351

  • 10c · Land, buildings and equipment, net

    beginning of year $481,178 · end of year $2,867,974

  • 15 · Other assets

    beginning of year $2,058,742 · end of year $12,963,292

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,099,776 · end of year $5,299,488

  • 25 · Other liabilities

    beginning of year $25,047 · end of year $544,488

  • 27 · Net assets without donor restrictions

    beginning of year $34,851,477 · end of year $103,400,435

Mission and programs · 2022

Mission

SEE SCHEDULE O.

  • 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.

    Expenses $31,953,960

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeffrey Bezos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael George

    PRESIDENT

    Total calculated
    $825,921
    From this org
    $794,432
    From related orgs
    $0
    Other
    $31,489
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $794,432
    Bonus
    $0
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $19,289
    Filer's total
    $825,921

  • Miguel Roque

    CHIEF OPERATIONS & TECH. OFFICER, VP

    Total calculated
    $473,773
    From this org
    $435,888
    From related orgs
    $0
    Other
    $37,885
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $435,888
    Bonus
    $0
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $25,685
    Filer's total
    $473,773

  • William Weiner

    CHIEF LEGAL OFFICER, GC, SECRETARY

    Total calculated
    $334,988
    From this org
    $310,440
    From related orgs
    $0
    Other
    $24,548
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $310,440
    Bonus
    $0
    Other
    $0
    Deferred
    $11,873
    Nontaxable benefits
    $12,675
    Filer's total
    $334,988

  • Sean Coury

    CHIEF FINANCE OFFICER, TREASURER

    Total calculated
    $374,082
    From this org
    $336,189
    From related orgs
    $0
    Other
    $37,893
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $336,189
    Bonus
    $0
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $25,693
    Filer's total
    $374,082

  • Michael Abello

    CHIEF EDUCATION OFFICER

    Total calculated
    $418,829
    From this org
    $380,920
    From related orgs
    $0
    Other
    $37,909
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $380,920
    Bonus
    $0
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $25,709
    Filer's total
    $418,829

  • Jammie Hammell-James

    CHIEF PEOPLE OFFICER

    Total calculated
    $336,107
    From this org
    $304,642
    From related orgs
    $0
    Other
    $31,465
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $304,642
    Bonus
    $0
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $19,265
    Filer's total
    $336,107

  • Kathleen Ford

    CHIEF MARKETING & COMM. OFFICER

    Total calculated
    $310,627
    From this org
    $280,751
    From related orgs
    $0
    Other
    $29,876
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $280,751
    Bonus
    $0
    Other
    $0
    Deferred
    $8,343
    Nontaxable benefits
    $21,533
    Filer's total
    $310,627

  • Elizabeth Swanby

    DIRECTOR OPERATIONS

    Total calculated
    $364,959
    From this org
    $327,075
    From related orgs
    $0
    Other
    $37,884
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $327,075
    Bonus
    $0
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $25,684
    Filer's total
    $364,959

  • Saben Emmons

    DIRECTOR TECHNOLOGY

    Total calculated
    $286,794
    From this org
    $269,894
    From related orgs
    $0
    Other
    $16,900
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $269,894
    Bonus
    $0
    Other
    $0
    Deferred
    $8,337
    Nontaxable benefits
    $8,563
    Filer's total
    $286,794

  • Anita Cassity

    DIRECTOR IMPACT AND DATA

    Total calculated
    $301,522
    From this org
    $264,132
    From related orgs
    $0
    Other
    $37,390
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $264,132
    Bonus
    $0
    Other
    $0
    Deferred
    $10,905
    Nontaxable benefits
    $26,485
    Filer's total
    $301,522

  • Scott Edison

    DIRECTOR PARTNER & SITE DEVELOPMENT

    Total calculated
    $272,346
    From this org
    $236,997
    From related orgs
    $0
    Other
    $35,349
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,997
    Bonus
    $0
    Other
    $0
    Deferred
    $9,660
    Nontaxable benefits
    $25,689
    Filer's total
    $272,346

  • Caroline Hult

    DIRECTOR TALENT ACQUISITION

    Total calculated
    $239,261
    From this org
    $205,061
    From related orgs
    $0
    Other
    $34,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,061
    Bonus
    $0
    Other
    $0
    Deferred
    $8,515
    Nontaxable benefits
    $25,685
    Filer's total
    $239,261

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

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
IN ACCORDANCE WITH TRAVEL & EXPENSE POLICY, PRESIDENT OCCASIONALLY FLEW IN BUSINESS/FIRST CLASS FOR AIR TRAVEL.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BLUE ORIGIN ALABAMA LLC

    SPACE BUSINESS · AL

  • BLUE ORIGIN ENTERPRISES LP

    SPACE BUSINESS · WA

  • BLUE ORIGIN HOLDINGS LP

    SPACE BUSINESS · WA

  • BLUE ORIGIN OPERATIONS LLC

    SPACE BUSINESS · DE

  • CABOT ENTERPRISES LP

    RANCHING · TX

  • CORONADO VENTURES LP

    RANCHING · TX

  • DA GAMA HOLDINGS LP

    RANCHING · TX

  • JAMES COOK LP

    RANCHING · TX

  • JOLLIET HOLDINGS LP

    RANCHING · TX

  • MAGELLAN HOLDINGS LP

    RANCHING · TX

  • MARQUETTE HOLDINGS LP

    RANCHING · TX

  • MESQUITE ENTERPRISES LP

    RANCHING · TX

  • NASH HOLDINGS LLC

    NEWSPAPER PUBLISHING · DE

  • WILLIAM CLARK LP

    RANCHING · TX

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BLUE ORIGIN HOLDINGS GP LLC

    C · SPACE BUSINESS · WA

  • BLUE ORIGIN OPERATIONS II CORP

    C · SPACE BUSINESS · DE

  • EXPLORE VENTURES INC

    S · INVESTMENTS · WA

  • NASH PARALLEL INVESTMENT LLC

    S · NEWSPAPER PUBLISHING · DE

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202323199349328267

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