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Nonprofiteer
← MATER ACADEMY INC

Form 990 for tax year 2023

Filed by MATER ACADEMY INC.

Totals

Total revenue
$314,383,862
Total expenses
$245,362,459
Contributions and grants received
$283,017,647
Grants paid
$3,339,868
Program service revenue
$19,323,746
Investment income
$10,042,540
Other revenue
$1,999,929
Total assets, end of year
$533,302,812
Total liabilities, end of year
$342,338,109
Net assets or fund balances, end of year
$190,964,703
Program services expenses (Part IX)
$220,757,617
Management and general expenses
$24,604,842
Fundraising expenses
$0
Program service expenses (Part III)
$220,757,617

Program services were 90.0% 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)

    $282,756,488

  • 1f · All other contributions, gifts and grants

    $261,159

  • 2a · Program service revenue: FEES: AFTERCARE

    total $7,547,777 · related or exempt $7,547,777

  • 2b · Program service revenue: FEES: COMMUNITY SERVICE

    total $7,214,213 · related or exempt $7,214,213

  • 2c · Program service revenue: FEES: INSTRUCTION

    total $1,999,894 · related or exempt $1,999,894

  • 2d · Program service revenue: FEES: LUNCHES / FOOD SERVICES

    total $1,500,367 · related or exempt $1,500,367

  • 2e · Program service revenue: FEE : AFFILIATION FEE

    total $768,325 · related or exempt $768,325

  • 2f · All other program service revenue

    total $293,170 · related or exempt $293,170

  • 3 · Investment income

    total $10,042,540 · related or exempt $10,042,540

  • 11a · Other revenue: RIGHT OF USE ASSET INCOME

    total $957,302 · related or exempt $957,302

  • 11b · Other revenue: E-RATE

    total $592,506 · related or exempt $592,506

  • 11c · Other revenue: EXTRACURRICULAR INCOME

    total $450,121 · related or exempt $450,121

  • 11e · Other revenue, total

    $1,999,929

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,339,868 · program services $3,339,868

  • 7 · Other salaries and wages

    total $102,926,516 · program services $88,943,545 · management and general $13,982,971

  • 8 · Pension plan contributions

    total $1,770,087 · program services $1,387,703 · management and general $382,384

  • 9 · Other employee benefits

    total $17,418,510 · program services $14,996,992 · management and general $2,421,518

  • 11a · Fees: management

    total $8,625,732 · program services $5,771,274 · management and general $2,854,458

  • 11b · Fees: legal

    total $604,156 · program services $158 · management and general $603,998

  • 11c · Fees: accounting

    total $328,809 · management and general $328,809

  • 11g · Fees: other

    total $6,155,033 · program services $5,817,590 · management and general $337,443

  • 16 · Occupancy

    total $37,295,737 · program services $37,207,744 · management and general $87,993

  • 17 · Travel

    total $432,951 · program services $224,143 · management and general $208,808

  • 20 · Interest

    total $96,119 · program services $96,119

  • 22 · Depreciation, depletion and amortization

    total $7,985,962 · program services $7,709,098 · management and general $276,864

  • 23 · Insurance

    total $3,942,746 · program services $3,942,746

  • 24a · Other expenses: COMMUNITY SERVICES

    total $6,862,472 · program services $6,862,472

  • 24b · Other expenses: SUPPLIES

    total $5,366,600 · program services $4,742,891 · management and general $623,709

  • 24c · Other expenses: WORKBOOKS

    total $4,953,012 · program services $4,934,682 · management and general $18,330

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $4,887,547 · program services $4,887,547

  • 24e · All other expenses

    total $32,370,602 · program services $29,893,045 · management and general $2,477,557

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $64,066,591 · end of year $99,759,345

  • 3 · Pledges and grants receivable

    beginning of year $39,718,416 · end of year $72,753,980

  • 4 · Accounts receivable

    beginning of year $495,287 · end of year $112,833

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,229,309 · end of year $2,402,114

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

    $76,719,033

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

    $28,805,795

  • 10c · Land, buildings and equipment, net

    beginning of year $35,709,081 · end of year $47,913,238

  • 15 · Other assets

    beginning of year $301,569,097 · end of year $310,361,302

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,895,068 · end of year $10,763,834

  • 19 · Deferred revenue

    beginning of year $7,087,592 · end of year $1,241,851

  • 23 · Secured mortgages and notes payable

    beginning of year $9,347,375 · end of year $9,012,733

  • 25 · Other liabilities

    beginning of year $305,514,446 · end of year $321,319,691

  • 27 · Net assets without donor restrictions

    beginning of year $119,333,927 · end of year $178,889,207

  • 28 · Net assets with donor restrictions

    beginning of year $2,609,373 · end of year $12,075,496

Mission and programs · 2023

Mission

THE MISSION OF MATER ACADEMY, INC. IS TO PROVIDE A SAFE LEARNING ENVIRONMENT WHERE ACADEMICS ARE FACILITATED BY TEACHERS, ADMINISTRATORS, PARENTS, AND THE COMMUNITY WHICH ENABLES STUDENTS TO BECOME CONFIDENT, SELF-DIRECTED LEARNERS IN A TECHNOLOGICALLY-RICH, COLLEGE PREPARATORY ENVIRONMENT THROUGH RIGOR, RELEVANCE AND RELATIONSHIPS.

Activities or mission (Part I)

MATER ACADEMY, INC IS COMPOSED OF THIRTY-TWO CHARTER SCHOOLS, EDUCATING STUDENTS FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE. THE SCHOOLS OPERATE UNDER CHARTERS WITH THE DISTRICT SCHOOL BOARD OF MIAMI-DADE COUNTY, FLORIDA.

  • EDUCATION FOR CHILDREN FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE. FOR THE FISCAL YEAR ENDED JUNE 30, 2024, APPROXIMATELY 18,100 STUDENTS WERE ENROLLED.

    Expenses $220,757,617 · Grants $3,339,868 · Revenue $31,366,215

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Christian Crousillat

    CHAIRMAN, DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Idalia Suarez

    SECRETARY, DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Maria Beatriz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Maurene Sotero

    DIRECTOR, STUDENT ALUMNI REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    2

  • Yasmeen Hasan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Roberto Blanch

    PRESIDENT

    Total calculated
    $164,490
    From this org
    $164,490
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,490
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $164,490

  • Shannie Sadesky

    VICE-CHAIRMAN, DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kim Guilarte

    CHIEF OPERATING OFFICER

    Total calculated
    $0
    Hours/week
    40

  • Brenda Cruz

    PRINCIPAL

    Total calculated
    $204,688
    From this org
    $204,688
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,688
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $204,688

  • Lourdes Isla Marrero

    PRINCIPAL

    Total calculated
    $160,966
    From this org
    $160,966
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,966
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $160,966

  • Francisco Jimenez

    DIRECTOR OF GRANTS & SPECIAL PROJECTS

    Total calculated
    $155,689
    From this org
    $155,689
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,689
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $155,689

  • Jose Becerra

    TEACHER MH SCHOOLS ROBOTICS-COMPETITION MENTOR

    Total calculated
    $149,900
    From this org
    $149,900
    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

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
10 March 2025
IRS schema version
2023v6.0
Source object
202510699349301381

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