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Nonprofiteer
← DORAL ACADEMY INC

Form 990 for tax year 2023

Filed by DORAL ACADEMY INC.

Totals

Total revenue
$96,532,961
Total expenses
$63,241,199
Contributions and grants received
$84,810,141
Grants paid
$0
Program service revenue
$6,274,059
Investment income
$5,191,399
Other revenue
$257,362
Total assets, end of year
$197,586,966
Total liabilities, end of year
$99,509,847
Net assets or fund balances, end of year
$98,077,119
Program services expenses (Part IX)
$58,203,678
Management and general expenses
$5,037,521
Fundraising expenses
$0
Program service expenses (Part III)
$58,203,678

Program services were 92.0% 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.

  • 1e · Government grants (contributions)

    $84,780,141

  • 1f · All other contributions, gifts and grants

    $30,000

  • 2a · Program service revenue: COMMUNITY SERVICES

    total $2,667,338 · related or exempt $2,667,338

  • 2b · Program service revenue: INSTRUCTION

    total $1,423,408 · related or exempt $1,423,408

  • 2c · Program service revenue: FOOD SERVICES

    total $1,073,147 · related or exempt $1,073,147

  • 2d · Program service revenue: AFTERCARE

    total $667,393 · related or exempt $667,393

  • 2e · Program service revenue: AFFILLIATION FEES

    total $442,773 · related or exempt $442,773

  • 3 · Investment income

    total $5,191,399 · related or exempt $5,191,399

  • 11a · Other revenue: USAGE FEE

    total $147,391 · related or exempt $147,391

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $72,051 · related or exempt $72,051

  • 11c · Other revenue: E-RATE

    total $37,920 · related or exempt $37,920

  • 11e · Other revenue, total

    $257,362

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $27,265,436 · program services $24,590,482 · management and general $2,674,954

  • 8 · Pension plan contributions

    total $575,739 · program services $485,800 · management and general $89,939

  • 9 · Other employee benefits

    total $4,460,868 · program services $4,042,057 · management and general $418,811

  • 11b · Fees: legal

    total $33,090 · management and general $33,090

  • 11c · Fees: accounting

    total $62,673 · management and general $62,673

  • 11g · Fees: other

    total $4,326,024 · program services $3,432,406 · management and general $893,618

  • 12 · Advertising and promotion

    total $66,915 · program services $66,915

  • 14 · Information technology

    total $651,939 · program services $647,915 · management and general $4,024

  • 16 · Occupancy

    total $7,384,720 · program services $7,382,648 · management and general $2,072

  • 17 · Travel

    total $102,634 · program services $56,848 · management and general $45,786

  • 20 · Interest

    total $952,799 · program services $952,799

  • 22 · Depreciation, depletion and amortization

    total $2,878,561 · program services $2,872,634 · management and general $5,927

  • 23 · Insurance

    total $713,377 · program services $713,377

  • 24a · Other expenses: STUDENT ENRICHMENT ACTI

    total $3,180,962 · program services $3,180,962

  • 24b · Other expenses: PRE-K & AFTERCARE EXPEN

    total $1,871,862 · program services $1,871,862

  • 24c · Other expenses: SUPPLIES

    total $1,563,928 · program services $1,429,895 · management and general $134,033

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $1,479,198 · program services $1,479,198

  • 24e · All other expenses

    total $5,670,474 · program services $4,997,880 · management and general $672,594

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $51,355,890 · end of year $65,019,253

  • 2 · Savings and temporary cash investments

    end of year $2,074,540

  • 3 · Pledges and grants receivable

    beginning of year $9,405,057 · end of year $17,570,790

  • 9 · Prepaid expenses and deferred charges

    beginning of year $320,835 · end of year $264,797

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

    $49,338,608

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

    $16,507,470

  • 10c · Land, buildings and equipment, net

    beginning of year $32,086,303 · end of year $32,831,138

  • 15 · Other assets

    beginning of year $72,884,995 · end of year $79,826,448

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,735,293 · end of year $3,413,153

  • 19 · Deferred revenue

    beginning of year $3,134,937

  • 20 · Tax-exempt bond liabilities

    beginning of year $21,108,531 · end of year $20,648,790

  • 24 · Unsecured notes and loans payable

    beginning of year $2,210,000 · end of year $1,550,000

  • 25 · Other liabilities

    beginning of year $72,078,962 · end of year $73,897,904

  • 27 · Net assets without donor restrictions

    beginning of year $64,628,683 · end of year $95,230,357

  • 28 · Net assets with donor restrictions

    beginning of year $156,674 · end of year $2,846,762

Mission and programs · 2023

Mission

ESTABLISHED AS A CHARTER SCHOOL OF THE DISTRICT SCHOOL BOARD OF MIAMI-DADE COUNTY, FLORIDA.

Activities or mission (Part I)

THE MISSION OF DORAL ACADEMY INC FOCUSES ON CONTINUALLY DEVELOPING A HIGH QUALITY K-12 EDUCATIONAL LEARNING ENVIRONMENT WHERE A COMMUNITY OF STAKEHOLDERS ARE DEDICATED TO PROMOTING AN EXCEPTIONAL EDUCATIONAL EXPERIENCE WITH AN OBLIGATION TO ENSURE THAT OUR STUDENTS ENGAGE IN RIGOROUS LEARNING OPPORTUNITIES THAT WILL HELP THEM STRIVE FOR ACADEMIC ACHIEVEMENT AND A DESIRE TO BE LIFELONG LEARNERS AND SUCCESSFUL LEADERS IN THEIR PROFESSIONAL CAREERS.

  • PROVIDES EDUCATION FOR CHILDREN FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE. FOR THE FISCAL YEAR ENDED JUNE 30, 2024 APPROXIMATELY 5,611 STUDENTS WERE ENROLLED.

    Expenses $58,203,678 · Revenue $11,722,820

As filed on the 2023 return.

Listed in Part VII

  • Rene Rovirosa

    DIRECTOR,SECRETARY, TREASU

    Total calculated
    $0
    Hours/week
    2

  • Angela Ramos

    DIRECTOR, CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Kim Guilarte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Miranda Murillo

    DIRECTOR, STUDENT ALUMNI REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    2

  • Eleonora Cuesta

    PRESIDENT

    Total calculated
    $200,598
    From this org
    $200,598
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $200,598
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $200,598

  • Carlos A Ferralls

    VICE PRESIDENT

    Total calculated
    $233,714
    From this org
    $233,714
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $233,714
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $233,714

  • Jorge Nunez

    ASSISTANT PRINCIPAL

    Total calculated
    $159,851
    From this org
    $159,851
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,851
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $159,851

  • Yvette Tamargo

    VICE PRINCIPAL

    Total calculated
    $159,441
    From this org
    $159,441
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,441
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $159,441

  • Domingo Montenegro

    ENGLISH DEPARTMENT CHAIR

    Total calculated
    $144,431
    From this org
    $144,431
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Elizabeth Simon

    ASSISTANT PRINCIPAL

    Total calculated
    $149,422
    From this org
    $149,422
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Dayana Gonzalez

    SOCIAL STUDIES TEACHER

    Total calculated
    $153,381
    From this org
    $153,381
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,381
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $153,381

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
20 March 2025
IRS schema version
2023v6.0
Source object
202540799349301444

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