Totals
- Total revenue
- $4,066,252
- Total expenses
- $3,537,798
- Contributions and grants received
- $353,684
- Grants paid
- $41,855
- Program service revenue
- $3,664,069
- Investment income
- $48,499
- Other revenue
- $0
- Total assets, end of year
- $4,110,045
- Total liabilities, end of year
- $62,901
- Net assets or fund balances, end of year
- $4,047,144
- Program services expenses (Part IX)
- $2,155,997
- Management and general expenses
- $1,381,801
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,155,997
Program services were 60.9% 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
$353,684
-
1g · Noncash contributions included above
$337,979
-
2a · Program service revenue: EDUCATIONAL SERVICES R
total $3,664,069 · related or exempt $3,664,069
-
3 · Investment income
total $48,499 · related or exempt $48,499
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $31,855 · program services $31,855
-
2 · Grants to domestic individuals
total $10,000 · program services $10,000
-
7 · Other salaries and wages
total $2,101,121 · program services $1,520,868 · management and general $580,253
-
8 · Pension plan contributions
total $32,548 · program services $16,385 · management and general $16,163
-
9 · Other employee benefits
total $270,195 · program services $209,632 · management and general $60,563
-
11a · Fees: management
total $249,691 · management and general $249,691
-
11b · Fees: legal
total $1,015 · management and general $1,015
-
11c · Fees: accounting
total $23,500 · management and general $23,500
-
11g · Fees: other
total $76,087 · program services $34,672 · management and general $41,415
-
12 · Advertising and promotion
total $14,185 · program services $14,185
-
14 · Information technology
total $242,557 · program services $68,049 · management and general $174,508
-
16 · Occupancy
total $109,506 · program services $13,911 · management and general $95,595
-
17 · Travel
total $48,982 · management and general $48,982
-
22 · Depreciation, depletion and amortization
total $8,149 · program services $1,416 · management and general $6,733
-
23 · Insurance
total $7,386 · program services $2,136 · management and general $5,250
-
24a · Other expenses: TEXTBOOKS
total $169,176 · program services $166,827 · management and general $2,349
-
24b · Other expenses: SUPPLIES
total $64,654 · program services $50,221 · management and general $14,433
-
24c · Other expenses: DUES & FEES
total $52,963 · program services $1,207 · management and general $51,756
-
24d · Other expenses: OTHER EXPENSES
total $12,249 · program services $12,249
-
24e · All other expenses
total $11,979 · program services $2,384 · management and general $9,595
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $855,577 · end of year $2,573,416
-
3 · Pledges and grants receivable
beginning of year $972,061 · end of year $281,693
-
7 · Other notes and loans receivable
beginning of year $1,750,000 · end of year $1,250,000
-
10a · Land, buildings and equipment: cost or other basis
$259,316
-
10b · Land, buildings and equipment: accumulated depreciation
$254,380
-
10c · Land, buildings and equipment, net
beginning of year $10,535 · end of year $4,936
-
17 · Accounts payable and accrued expenses
beginning of year $69,483 · end of year $62,901
-
27 · Net assets without donor restrictions
beginning of year $1,834,500 · end of year $2,848,249
-
28 · Net assets with donor restrictions
beginning of year $1,684,190 · end of year $1,198,895
Mission and programs · 2022
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, 2023, THERE WERE APPROXIMATELY 5,000 STUDENTS ENROLLED IN COURSES.
Expenses $2,155,997 · Grants $41,855 · Revenue $3,712,568
As filed on the 2022 return.
Listed in Part VII
-
Luis FusteLUIS FUSTE
DIRECTOR,CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Juan GarciaJUAN GARCIA
DIRECTOR, VC
- Total calculated
- $0
- Hours/week
- 2
-
Tony MoralesTONY MORALES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Juan Carlos InfanteJUAN CARLOS INFANTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Arlene CordovezARLENE CORDOVEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Taylor SmithTAYLOR SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael J QuijanoMICHAEL J QUIJANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Judith MartyJUDITH MARTY
PRESIDENT
- Total calculated
- $193,074
- From this org
- $193,074
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- $193,074
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $193,074
-
Cristina GuerraCRISTINA GUERRA
VICE PRESIDENT FOR STUDENT
- Total calculated
- $113,300
- From this org
- $113,300
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Guillermo RiveraGUILLERMO RIVERA
VICE PRESIDENT FOR ACADEMI
- Total calculated
- $113,300
- From this org
- $113,300
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Adalberto YanesADALBERTO YANES
VISUAL & PERFORMING ARTS DIRECTOR
- Total calculated
- $100,112
- From this org
- $100,112
- 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
-
$30,000
EDUCATIONAL SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 25 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441169349300009
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