Doral College Inc
- Assets
- $3.3m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 161
- Location
- Miami, FL
- Founding
- 07/2002
- Data as of
- 06/2021
- EIN
- 65-1115240
Organization Overview
Doral College Inc is located in Miami, FL. The organization was established in 2002. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Doral College Inc employed 161 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Doral College Inc 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 06/2021, Doral College Inc generated $3.2m 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 $3.4m during the year ending 06/2021. While expenses have increased by 13.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DORAL COLLEGE INC WAS ESTABLISHED TO PROVIDE A POSTSECONDARY ACADEMIC CONCURRENT COLLEGE ENROLLMENT PROGRAM THAT ESTABLISHES AN INNOVATIVE PATH TOWARD THE COMPLETION OF A COLLEGE DEGREE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DORAL COLLEGE, INC IS A COMPREHENSIVE COLLEGE THAT INTEGRATES EDUCATION WITH OPPORTUNITY THROUGH INSTRUCTIONAL PROGRAMS AND STUDENT SERVICES. FOR THE YEAR ENDED JUNE 30, 2021, THERE WERE 3,110 STUDENTS ENROLLED IN COURSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manuel Diaz Jr Employee | 40 | $118,833 | |
Juan Garcia Director, Vc | OfficerTrustee | 2 | $0 |
Luis Fuste Director,chairman | OfficerTrustee | 2 | $0 |
Judith Marty President | Officer | 2 | $0 |
Tony Morales Director | Trustee | 2 | $0 |
Juan Carlos Infante Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $597,165 |
| Noncash contributions included in lines 1a–1f | $597,165 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $597,165 |
| Total Program Service Revenue | $2,272,288 |
| Investment income | $115 |
| 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 | $3,222,781 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $142,500 |
| 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 | $2,146,181 |
| Pension plan accruals and contributions | $53,610 |
| Other employee benefits | $279,604 |
| Payroll taxes | $0 |
| Fees for services: Management | $170,422 |
| Fees for services: Legal | $1,322 |
| Fees for services: Accounting | $13,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,214 |
| Advertising and promotion | $1,500 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,165 |
| Travel | $21,315 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,793 |
| Insurance | $18,759 |
| All other expenses | $45,325 |
| Total functional expenses | $3,369,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $829,479 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,174,833 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $259,953 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,123 |
| Net Land, buildings, and equipment | $51,023 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,321,411 |
| Accounts payable and accrued expenses | $81,222 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $361,400 |
| Other liabilities | $0 |
| Total liabilities | $442,622 |
| Net assets without donor restrictions | $421,728 |
| Net assets with donor restrictions | $2,457,061 |
| 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 | $3,321,411 |
Grants Awarded
Over the last fiscal year, Doral College Inc has awarded $151,750 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Doral, FL PURPOSE: EDUCATIONAL SUPPORT | $141,750 |
Miami, FL PURPOSE: DEVELOPMENT OF COMPLETED ENROLLMENT PROGRAM | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Canterbury School Corporation Fort Myers, FL | $32,236,169 | $23,638,435 |
Brookstone School Inc Columbus, GA | $71,035,506 | $24,481,396 |
The Masters Academy Of Central Florida Inc Oviedo, FL | $26,482,967 | $18,246,673 |
Savannah Christian Preparatory School Inc Savannah, GA | $28,769,990 | $18,697,901 |
Saint Edwards School Vero Beach, FL | $54,149,022 | $17,250,987 |
Strong Rock Christian School Inc Locust Grove, GA | $18,179,980 | $18,285,975 |
Fellowship Christian School Inc Roswell, GA | $48,536,188 | $18,034,878 |
St Pauls Episcopal School Mobile, AL | $26,189,566 | $16,422,172 |
Dubois Integrity Academy Inc Riverdale, GA | $36,435,666 | $18,797,787 |
William Monroe Rowlett Academy For Arts And Communication Bradenton, FL | $11,754,381 | $15,312,169 |
Episcopal Day Private School Of Manatee County Inc Bradenton, FL | $25,876,327 | $15,435,458 |
St Francis Day School Inc Roswell, GA | $35,555,718 | $15,564,442 |