Mater Academy Of Nevada
- Assets
- $109.3m
- Revenue
- $44.6m
- Investments
- $0.0
- Employees
- 508
- Location
- Las Vegas, NV
- Founding
- 11/2017
- Data as of
- 06/2022
- EIN
- 46-5122331
Organization Overview
Mater Academy Of Nevada is located in Las Vegas, NV. The organization was established in 2017. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Mater Academy Of Nevada employed 508 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mater 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, Mater Academy Of Nevada generated $44.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.4% each year . All expenses for the organization totaled $44.5m during the year ending 06/2022. While expenses have increased by 28.9% 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
MATER ACADEMY OF NEVADA IS A COLLEGE PREP CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING AN INNOVATIVE, CHALLENGING, MULTI-CULTURAL EDUCATION BY PREPARING STUDENTS TO BECOME GLOBAL CITIZENS AND HAVE A COMPETITIVE EDGE IN THE 21ST CENTURY WORKFORCE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ricardo Jasso Board Vice Chair | OfficerTrustee | 2 | $0 |
Mary Beth Scow Board Chair | OfficerTrustee | 2 | $0 |
Lisa Satory Board Member | Trustee | 2 | $0 |
Robert Anderson Board Member | Trustee | 2 | $0 |
Dan Triana Board Treasurer | OfficerTrustee | 2 | $0 |
Patricia Fernandez Board Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,347,360 |
| All other contributions, gifts, grants, and similar amounts not included above | $559,902 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,907,262 |
| Total Program Service Revenue | $32,274,205 |
| Investment income | $1,604 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $103,020 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,562,791 |
| 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 | $20,690,700 |
| Pension plan accruals and contributions | $4,412,299 |
| Other employee benefits | $1,654,511 |
| Payroll taxes | $624,143 |
| Fees for services: Management | $1,604,109 |
| Fees for services: Legal | $1,083 |
| Fees for services: Accounting | $71,304 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $814,796 |
| Advertising and promotion | $11,732 |
| Office expenses | $1,486,481 |
| Information technology | $1,398,941 |
| Royalties | $0 |
| Occupancy | $1,452,789 |
| Travel | $205,918 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $90,321 |
| Interest | $3,963,798 |
| Payments to affiliates | $131,264 |
| Depreciation, depletion, and amortization | $2,095,265 |
| Insurance | $83,791 |
| All other expenses | $89,991 |
| Total functional expenses | $44,496,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,504,139 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,674,173 |
| Accounts receivable, net | $3,935 |
| 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 | $17,375 |
| Net Land, buildings, and equipment | $25,718,043 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $47,509,363 |
| Other assets | $22,909,216 |
| Total assets | $109,336,244 |
| Accounts payable and accrued expenses | $2,900,779 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $29,987,328 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,330,764 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $78,344,394 |
| Total liabilities | $112,563,265 |
| Net assets without donor restrictions | -$3,862,250 |
| Net assets with donor restrictions | $635,229 |
| 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 | $109,336,244 |