Doral Academy Of Nevada
- Assets
- $137.0m
- Revenue
- $57.7m
- Investments
- $0.0
- Employees
- 637
- Location
- Las Vegas, NV
- Founding
- 06/2017
- Data as of
- 06/2022
- EIN
- 46-1907920
Organization Overview
Doral Academy Of Nevada is located in Las Vegas, NV. The organization was established in 2017. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Doral Academy Of Nevada employed 637 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Doral Academy Of Nevada 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 06/2022, Doral Academy Of Nevada generated $57.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $53.4m during the year ending 06/2022. While expenses have increased by 10.2% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DORAL ACADEMY OF NEVADA IS A COLLEGE PREP CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIVE SCHOOL ACCOUNT - GENERAL, NON-GRANT, INSTRUCTIONAL INCOME AND EXPENSES AS DETERMINED BY STUDENT POPULATION AND CAMPUS.
NATIONAL STUDENT LUNCH PROGRAM (NSLP)
SPECIAL EDUCATION FUNDING - EXPENSES ASSOCIATED WITH SPECIAL EDUCATION, IN ADDITION TO THE GENERALIZED EXPENSES COVERED BY THE OPERATING ACCOUNT.
STUDENT GENERATED FUNDS - ACTIVITIES INCLUDE AFTERCARE, CLUBS, CAMPUS VENDING MACHINES, CONCESSIONS OPERATED BY STUDENT AND FACILITY VOLUNTEERS, AND OTHER ORGANIZED SCHOOL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danielle Mcdowell Principal - Doral Cactus | 40 | $129,214 | |
Rodney Saunders Principal - Doral Pebble | 40 | $132,772 | |
Kimberly Hammond Principal - Doral Rr E | 40 | $133,080 | |
Kelly Gerdes Principal - Doral Fire Mesa | 40 | $126,035 | |
Bethany Farmer Principal - Doral Cactus | 40 | $106,656 | |
Karla Zobrist Board Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,475 |
| Related organizations | $0 |
| Government grants | $55,470,337 |
| All other contributions, gifts, grants, and similar amounts not included above | $232,471 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,712,283 |
| Total Program Service Revenue | $1,959,436 |
| Investment income | $41,614 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,260 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,712,189 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,517,754 |
| Pension plan accruals and contributions | $6,033,777 |
| Other employee benefits | $2,973,376 |
| Payroll taxes | $617,775 |
| Fees for services: Management | $2,736,224 |
| Fees for services: Legal | $21,373 |
| Fees for services: Accounting | $60,544 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,349,227 |
| Advertising and promotion | $8,702 |
| Office expenses | $2,063,001 |
| Information technology | $2,051,729 |
| Royalties | $0 |
| Occupancy | $1,092,120 |
| Travel | $174,524 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,991 |
| Interest | $4,072,541 |
| Payments to affiliates | $220,348 |
| Depreciation, depletion, and amortization | $2,566,729 |
| Insurance | $876,229 |
| All other expenses | $1,096,040 |
| Total functional expenses | $53,358,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,368,372 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,628,823 |
| 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 | $43,644 |
| Net Land, buildings, and equipment | $77,720,942 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,236,565 |
| Total assets | $136,998,346 |
| Accounts payable and accrued expenses | $4,990,846 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $90,138,727 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $189,042 |
| Other liabilities | $43,577,285 |
| Total liabilities | $138,895,900 |
| Net assets without donor restrictions | -$1,897,554 |
| Net assets with donor restrictions | $0 |
| 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 | $136,998,346 |