Totals
- Total revenue
- $21,553,239
- Total expenses
- $24,411,879
- Contributions and grants received
- $66,295
- Grants paid
- $71,008
- Program service revenue
- $18,538,358
- Investment income
- $2,913,589
- Other revenue
- $34,997
- Total assets, end of year
- $336,431,838
- Total liabilities, end of year
- $314,370,931
- Net assets or fund balances, end of year
- $22,060,907
- Program services expenses (Part IX)
- $24,260,626
- Management and general expenses
- $151,253
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $24,260,626
Program services were 99.4% 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
$66,295
-
2a · Program service revenue: RENTAL INCOME
total $18,538,358 · related or exempt $18,538,358
-
4 · Income from investment of tax-exempt bond proceeds
total $2,913,589 · related or exempt $2,913,589
-
11a · Other revenue: MISCELLANEOUS INCOME
total $34,997 · related or exempt $34,997
-
11e · Other revenue, total
$34,997
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $52,022 · program services $52,022
-
2 · Grants to domestic individuals
total $18,986 · program services $18,986
-
5 · Compensation of officers, directors and key employees
total $42,500 · management and general $42,500
-
9 · Other employee benefits
total $11,796 · management and general $11,796
-
11b · Fees: legal
total $61,457 · management and general $61,457
-
11c · Fees: accounting
total $35,500 · management and general $35,500
-
11g · Fees: other
total $10,100 · program services $10,100
-
16 · Occupancy
total $4,702,481 · program services $4,702,481
-
20 · Interest
total $10,949,789 · program services $10,949,789
-
22 · Depreciation, depletion and amortization
total $26,955 · program services $26,955
-
24a · Other expenses: LOSS FROM SALES TYPE LE
total $8,457,419 · program services $8,457,419
-
24b · Other expenses: DUES & FEES
total $41,374 · program services $41,374
-
24c · Other expenses: REPAIR AND MAINTENANCE
total $1,500 · program services $1,500
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $65,457,715 · end of year $51,113,537
-
4 · Accounts receivable
beginning of year $2,712,214 · end of year $2,803,563
-
9 · Prepaid expenses and deferred charges
beginning of year $14,537 · end of year $14,537
-
10a · Land, buildings and equipment: cost or other basis
$1,699,906
-
10b · Land, buildings and equipment: accumulated depreciation
$53,910
-
10c · Land, buildings and equipment, net
beginning of year $4,863,484 · end of year $1,645,996
-
15 · Other assets
beginning of year $259,336,369 · end of year $280,854,205
-
17 · Accounts payable and accrued expenses
beginning of year $3,632,873 · end of year $1,733,178
-
20 · Tax-exempt bond liabilities
beginning of year $255,381,792 · end of year $253,238,580
-
25 · Other liabilities
beginning of year $48,450,107 · end of year $59,399,173
-
27 · Net assets without donor restrictions
beginning of year $24,919,547 · end of year $22,060,907
Mission and programs · 2023
Mission
THE MISSION OF THE FOUNDATION IS TO ENHANCE THE ACADEMIC AND PERSONAL GROWTH OF MATER ACADEMY STUDENTS THROUGH A PARTNERSHIP BETWEEN THE FOUNDATION AND THE CHARTER SCHOOLS.
Activities or mission (Part I)
MATER ACADEMY FOUNDATION, INC. IS A NOT-FOR-PROFIT ORGANIZATION OPERATING IN SOUTH FLORIDA. THE ORGANIZATION PROVIDES FINANCIAL SUPPORT TO ALL MATER ACADEMY CHARTER SCHOOLS.
-
MATER ACADEMY FOUNDATION INC PROVIDES SUPPORT TO MATER ACADEMY CHARTER SCHOOL TO ENCHANCE AND MAXIMIZE THE EDUCATION EXPERIENCE FOR EVERY CHILD ENROLLED. THE MATER ACADEMY FOUNDATION STRIVES TO ENRICH THE LIVES OF MATER STUDENTS, TEACHERS AND PARENTS BY PROVIDING SCHOLARSHIP FOR ENHANCED EDUCATIONAL OPPORTUNITIES AND FUNDING FOR OUTREACH. MATER ACADEMY FOUNDATION PROVIDES FUNDING FOR COLLEGE SCHOLARSHIPS, SUMMER ENRICHMENT GRANTS, COLLEGE TOURS, TEACHER MINI-GRANTS, FIELD TRIPS, UNIFORM ASSISTANCE, BACKPACKS AND SCHOOL SUPPLIES, SPECIAL PROJECTS AND OTHER COMMUNITY INITIATIVES.
Expenses $24,260,626 · Grants $71,008 · Revenue $21,486,944
As filed on the 2023 return.
Listed in Part VII
-
Shannie SadeskySHANNIE SADESKY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Christian C CrousillatCHRISTIAN C CROUSILLAT
DIRECTOR, VICE PRESIDENT, CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Idalia SuarezIDALIA SUAREZ
DIRECTOR, SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Maria Beatriz NunezMARIA BEATRIZ NUNEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Roberto BlanchROBERTO BLANCH
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
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
-
$35,159
TO SUPPORT EDUCATION
-
$6,863
TO SUPPORT EDUCATION
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.
-
501(C)(3) · EDUCATIONAL DEVELOPMENT · FL
-
501(C)(3) · EDUCATIONAL DEVELOPMENT · FL
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 29 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541199349302089
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