Skip to content
Nonprofiteer
← DAY 1 ACADEMIES

Form 990 for tax year 2023

Filed by DAY 1 ACADEMIES.

Totals

Total revenue
$65,232,932
Total expenses
$73,775,598
Contributions and grants received
$60,000,031
Grants paid
$0
Program service revenue
$0
Investment income
$5,232,901
Other revenue
$0
Total assets, end of year
$100,632,052
Total liabilities, end of year
$5,772,242
Net assets or fund balances, end of year
$94,859,810
Program services expenses (Part IX)
$57,278,751
Management and general expenses
$16,496,847
Fundraising expenses
$0
Program service expenses (Part III)
$57,278,751

Program services were 77.6% 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.

  • 1f · All other contributions, gifts and grants

    $60,000,031

  • 1g · Noncash contributions included above

    $60,000,031

  • 3 · Investment income

    total $3,926,308 · excluded $3,926,308

  • 7a · Gross sales of assets other than inventory

    securities $61,306,624

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

    securities $60,000,031

  • 7c · Gain or loss

    securities $1,306,593

  • 7d · Net gain or loss

    total $1,306,593 · excluded $1,306,593

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $3,559,462 · program services $2,015,793 · management and general $1,543,669

  • 7 · Other salaries and wages

    total $39,361,343 · program services $33,127,526 · management and general $6,233,817

  • 8 · Pension plan contributions

    total $1,142,391 · program services $906,060 · management and general $236,331

  • 9 · Other employee benefits

    total $5,910,114 · program services $5,188,030 · management and general $722,084

  • 10 · Payroll taxes

    total $3,255,610 · program services $2,707,728 · management and general $547,882

  • 11b · Fees: legal

    total $142,499 · program services $46,167 · management and general $96,332

  • 11c · Fees: accounting

    total $24,460 · management and general $24,460

  • 11g · Fees: other

    total $2,985,651 · program services $1,184,614 · management and general $1,801,037

  • 12 · Advertising and promotion

    total $1,186,313 · program services $633,495 · management and general $552,818

  • 13 · Office expenses

    total $243,980 · management and general $243,980

  • 14 · Information technology

    total $2,539,230 · program services $476,643 · management and general $2,062,587

  • 16 · Occupancy

    total $2,849,472 · program services $2,343,231 · management and general $506,241

  • 17 · Travel

    total $1,884,858 · program services $1,304,067 · management and general $580,791

  • 19 · Conferences, conventions and meetings

    total $875,279 · program services $546,997 · management and general $328,282

  • 22 · Depreciation, depletion and amortization

    total $896,778 · program services $549,459 · management and general $347,319

  • 23 · Insurance

    total $398,615 · program services $227,019 · management and general $171,596

  • 24a · Other expenses: CLASSROOM MATERIALS

    total $3,272,434 · program services $3,003,439 · management and general $268,995

  • 24b · Other expenses: SCHOOL SUPPORT COSTS

    total $2,047,543 · program services $2,047,543

  • 24c · Other expenses: EQUIPMENT

    total $1,141,456 · program services $944,318 · management and general $197,138

  • 24d · Other expenses: TAXES AND LICENSING

    total $9,320 · program services $3,276 · management and general $6,044

  • 24e · All other expenses

    total $48,790 · program services $23,346 · management and general $25,444

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,207,033 · end of year $3,450,942

  • 2 · Savings and temporary cash investments

    beginning of year $75,717,535 · end of year $70,043,842

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,488,577 · end of year $2,836,677

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

    $4,675,844

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

    $1,154,120

  • 10c · Land, buildings and equipment, net

    beginning of year $2,867,974 · end of year $3,521,724

  • 15 · Other assets

    beginning of year $12,963,292 · end of year $20,778,867

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,299,488 · end of year $5,495,528

  • 25 · Other liabilities

    beginning of year $544,488 · end of year $276,714

  • 27 · Net assets without donor restrictions

    beginning of year $103,400,435 · end of year $94,859,810

Mission and programs · 2023

Mission

SEE SCHEDULE O.

  • IN 2023, DAY 1 ACADEMIES OPERATED NINETEEN SCHOOLS WITH CAPACITY FOR 1,220 STUDENTS. ALSO IN 2023, DAY 1 ACADEMIES CONSTRUCTED AND DEVELOPED SIX NEW SCHOOLS FOR FUTURE PLANNED OPENINGS. IN ADDITION, DAY 1 ACADEMIES ENHANCED ITS TEACHER TRAINING PROGRAM, TRAINING OVER 200 TEACHERS, AND CONTINUED DEVELOPING, AMONG OTHER ITEMS, ITS CURRICULUM, ADMISSIONS POLICIES, SCHOOL POLICIES, STAFFING MODELS, TECHNOLOGY, AND SCHOOL LAYOUT MODELS. DAY 1 ACADEMIES ALSO CONTINUED DEVELOPING ITS OPERATING PLANS AND INFRASTRUCTURE TO ACCELERATE THE LAUNCH OF ADDITIONAL SCHOOLS.

    Expenses $57,278,751

As filed on the 2023 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
    $829,431
    From this org
    $794,564
    From related orgs
    $0
    Other
    $34,867
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $794,049
    Bonus
    $0
    Other
    $515
    Deferred
    $13,200
    Nontaxable benefits
    $21,667
    Filer's total
    $829,431

  • Miguel Roque

    CHIEF OPERATIONS & TECH. OFFICER, VP

    Total calculated
    $503,710
    From this org
    $459,689
    From related orgs
    $0
    Other
    $44,021
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $459,572
    Bonus
    $0
    Other
    $117
    Deferred
    $13,200
    Nontaxable benefits
    $30,821
    Filer's total
    $503,710

  • Sean Coury

    CHIEF FINANCE OFFICER, TREASURER

    Total calculated
    $393,176
    From this org
    $349,363
    From related orgs
    $0
    Other
    $43,813
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $349,285
    Bonus
    $0
    Other
    $78
    Deferred
    $13,200
    Nontaxable benefits
    $30,613
    Filer's total
    $393,176

  • William Weiner

    CHIEF LEGAL OFFICER, GC, SECRETARY

    Total calculated
    $384,451
    From this org
    $349,787
    From related orgs
    $0
    Other
    $34,664
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $349,651
    Bonus
    $0
    Other
    $136
    Deferred
    $12,997
    Nontaxable benefits
    $21,667
    Filer's total
    $384,451

  • Michael Abello

    CHIEF EDUCATION OFFICER

    Total calculated
    $440,537
    From this org
    $396,516
    From related orgs
    $0
    Other
    $44,021
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $396,314
    Bonus
    $0
    Other
    $202
    Deferred
    $13,200
    Nontaxable benefits
    $30,821
    Filer's total
    $440,537

  • Jammie Hammell-James

    CHIEF PEOPLE OFFICER

    Total calculated
    $361,156
    From this org
    $327,813
    From related orgs
    $0
    Other
    $33,343
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $327,735
    Bonus
    $0
    Other
    $78
    Deferred
    $11,676
    Nontaxable benefits
    $21,667
    Filer's total
    $361,156

  • Kathleen Ford

    CHIEF MARKETING & COMM. OFFICER

    Total calculated
    $340,905
    From this org
    $303,578
    From related orgs
    $0
    Other
    $37,327
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $301,962
    Bonus
    $1,433
    Other
    $183
    Deferred
    $9,011
    Nontaxable benefits
    $28,316
    Filer's total
    $340,905

  • Robert Johnson

    CHIEF EQUITY OFFICER

    Total calculated
    $306,093
    From this org
    $272,011
    From related orgs
    $0
    Other
    $34,082
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,414
    Bonus
    $0
    Other
    $1,597
    Deferred
    $10,831
    Nontaxable benefits
    $23,251
    Filer's total
    $306,093

  • Elizabeth Swanby

    DIRECTOR OPERATIONS

    Total calculated
    $410,780
    From this org
    $366,759
    From related orgs
    $0
    Other
    $44,021
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $342,170
    Bonus
    $24,519
    Other
    $70
    Deferred
    $13,200
    Nontaxable benefits
    $30,821
    Filer's total
    $410,780

  • Oliver Mak

    DIRECTOR ENGINEERING

    Total calculated
    $350,339
    From this org
    $319,557
    From related orgs
    $0
    Other
    $30,782
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $319,378
    Bonus
    $0
    Other
    $179
    Deferred
    $12,243
    Nontaxable benefits
    $18,539
    Filer's total
    $350,339

  • Anita Cassity

    DIRECTOR IMPACT AND DATA

    Total calculated
    $325,370
    From this org
    $282,860
    From related orgs
    $0
    Other
    $42,510
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $282,782
    Bonus
    $0
    Other
    $78
    Deferred
    $11,721
    Nontaxable benefits
    $30,789
    Filer's total
    $325,370

  • Saben Emmons

    DIRECTOR TECHNOLOGY

    Total calculated
    $307,184
    From this org
    $286,745
    From related orgs
    $0
    Other
    $20,439
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $286,675
    Bonus
    $0
    Other
    $70
    Deferred
    $9,172
    Nontaxable benefits
    $11,267
    Filer's total
    $307,184

  • Aron Tremble

    DIRECTOR PRODUCT MANAGEMENT

    Total calculated
    $291,755
    From this org
    $262,825
    From related orgs
    $0
    Other
    $28,930
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,740
    Bonus
    $0
    Other
    $40,085
    Deferred
    $7,729
    Nontaxable benefits
    $21,201
    Filer's total
    $291,755

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
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
IN ACCORDANCE WITH TRAVEL & EXPENSE POLICY, THE PRESIDENT OCCASIONALLY FLIES IN BUSINESS/FIRST CLASS FOR AIR TRAVEL.
PART I, LINE 7
IN LIEU OF AN ANNUAL PAY INCREASE, ELIZABETH SWANBY WAS PROVIDED A ONE TIME BONUS. KATHLEEN FORD WAS PROVIDED A ONE TIME REFERRAL BONUS AS PART OF THE EMPLOYEE REFERRAL PROGRAM. THE BONUSES WERE ISSUED AT THE DIRECTION OF MANAGEMENT AND WERE NOT CONTINGENT ON THE REVENUE OR NET EARNINGS OF THE ORGANIZATION.

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.

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

  • 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
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202433209349321893

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.