Coral Academy Of Science Las Vegas
- Assets
- $131.1m
- Revenue
- $51.9m
- Investments
- $0.0
- Employees
- 565
- Location
- Las Vegas, NV
- Founding
- Data as of
- 06/2023
- EIN
- 20-8050294
Organization Overview
Coral Academy Of Science Las Vegas is located in Las Vegas, NV. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Coral Academy Of Science Las Vegas employed 565 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coral Academy Of Science Las Vegas is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Coral Academy Of Science Las Vegas generated $51.9m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $54.3m during the year ending 06/2023. While expenses have increased by 23.7% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF CASLV IS TO PROVIDE A SAFE, RIGOROUS COLLEGE PREPARATORY ENVIRONMENT THAT PROMOTES SOCIAL RESPONSIBILITY AND A CULTURALLY DIVERSE COMMUNITY DEDICATED TO BECOMING LIFELONG LEARNERS BOUND FOR SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF CASLV IS TO PROVIDE A SAFE, RIGOROUS COLLEGE PREPARATORY ENVIRONMENT THAT PROMOTES SOCIAL RESPONSIBILITY AND A CULTURALLY DIVERSE COMMUNITY DEDICATED TO BECOMING LIFELONG LEARNERS BOUND FOR SUCCESS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John E Aydogdu Executive Director And CEO | Officer | 40 | $210,939 |
Nick N Sarisahin Chief Financial Officer | Officer | 40 | $160,387 |
Mustafa Gunozu Chief Academic Officer | 40 | $146,827 | |
Muhammet Tanyeri Director Of Curriculum & Asse | 40 | $123,178 | |
Emrullah Eraslan Principal | 40 | $119,045 | |
Hamza H Cengiz Director Of It And Cybersecur | 40 | $121,706 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $48,705,057 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,168,601 |
| Noncash contributions included in lines 1a–1f | $180,403 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,873,658 |
| Total Program Service Revenue | $877,729 |
| Investment income | $152,143 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,903,530 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $412,625 |
| Compensation of current officers, directors, key employees. | $412,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,103,418 |
| Pension plan accruals and contributions | $8,264,487 |
| Other employee benefits | $2,196,106 |
| Payroll taxes | $327,677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,142,856 |
| Advertising and promotion | $39,525 |
| Office expenses | $624,838 |
| Information technology | $1,586,525 |
| Royalties | $0 |
| Occupancy | $2,377,333 |
| Travel | $81,606 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,427,199 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,242,068 |
| Insurance | $210,208 |
| All other expenses | $0 |
| Total functional expenses | $54,347,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,560,894 |
| Savings and temporary cash investments | $12,148,883 |
| Pledges and grants receivable | $3,504,844 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $463,696 |
| Net Land, buildings, and equipment | $68,256,993 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,119,400 |
| Other assets | $19,077,488 |
| Total assets | $131,132,198 |
| Accounts payable and accrued expenses | $4,547,085 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $79,473,475 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,488,601 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,904,299 |
| Total liabilities | $128,413,460 |
| Net assets without donor restrictions | -$5,363,897 |
| Net assets with donor restrictions | $8,082,635 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $131,132,198 |