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← DORAL ACADEMY FOUNDATION INC

Form 990 for tax year 2023

Filed by DORAL ACADEMY FOUNDATION INC.

Totals

Total revenue
$2,020,000
Total expenses
$2,022,865
Contributions and grants received
$2,020,000
Grants paid
$2,020,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,380,791
Total liabilities, end of year
$2,384,895
Net assets or fund balances, end of year
-$4,104
Program services expenses (Part IX)
$2,020,000
Management and general expenses
$2,865
Fundraising expenses
$0
Program service expenses (Part III)
$2,020,000

Program services were 99.9% 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

    $2,020,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,020,000 · program services $2,020,000

  • 11c · Fees: accounting

    total $2,500 · management and general $2,500

  • 24a · Other expenses: DUES AND FEES

    total $365 · management and general $365

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $95 · end of year $12,561

  • 15 · Other assets

    beginning of year $1,731,892 · end of year $2,368,230

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,006 · end of year $2,500

  • 25 · Other liabilities

    beginning of year $1,732,220 · end of year $2,382,395

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$1,239 · end of year -$4,104

Mission and programs · 2023

Mission

DORAL ACADEMY FOUNDATION'S MISSION IS TO ENHANCE THE ACADEMIC AND PERSONAL GROWTH OF DORAL ACADEMY'S STUDENTS THROUGH A PARTNERSHIP BETWEEN THE FOUNDATION AND THE CHARTER SCHOOLS.

Activities or mission (Part I)

DORAL ACADEMY FOUNDATION, INC'S MISSION IS TO ENHANCE THE ACADEMIC AND PERSONAL GROWTH OF DORAL ACADEMY'S STUDENTS THROUGH A PARTNERSHIP BETWEEN THE FOUNDATION AND THE CHARTER SCHOOLS.

  • DORAL ACADEMY FOUNDATION INC PROVIDES SUPPORT TO DORAL ACADEMY CHARTER SCHOOLS IN ENHANCING AND MAXIMIZING THE EDUCATION EXPERINCE FOR EVERY STUDENT ENROLLED.

    Expenses $2,020,000 · Grants $2,020,000

As filed on the 2023 return.

Listed in Part VII

  • Eleonora Cuesta

    CHAIRMAN,DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Susie Dopico

    SECRETARY, DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Alex Gonzalez

    DIRECTOR

    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

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
15 November 2024
IRS schema version
2023v5.1
Source object
202403209349309060

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