Coral Academy Of Science Reno
- Assets
- $34.9m
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 187
- Location
- Reno, NV
- Founding
- Data as of
- 06/2022
- EIN
- 84-3463741
Organization Overview
Coral Academy Of Science Reno is located in Reno, 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 06/2022, Coral Academy Of Science Reno employed 187 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coral Academy Of Science Reno 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, Coral Academy Of Science Reno generated $13.7m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $13.4m during the year ending 06/2022. While expenses have increased by 11.9% per year over the past 3 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
CORAL ACADEMY OF SCIENCE RENOS MISSION IS TO PROVIDE A SAFE LEARNING ENVIRONMENT, SUPPORTED BY A DIVERSE COMMUNITY, AND A STUDENT BODY THAT IS DEDICATED TO A RIGOROUS COLLEGE PREPARATORY CURRICULUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORAL ACADEMY OF SCIENCE RENO OPERATES AS A K-12 PUBLIC-FUNDED CHARTERSCHOOL PROVIDING STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, ANDMATHEMATICS) INSTRUCTION IN WASHOE COUNTY, NEVADA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Feyzi Tandogan Executive Director | Officer | 40 | $124,186 |
Mehmet Gunes Vice President | OfficerTrustee | 1 | $0 |
Robert Stachlewitz Treasurer | OfficerTrustee | 1 | $0 |
Engin Arslan President | OfficerTrustee | 1 | $0 |
Rachel Cord Secretary | OfficerTrustee | 1 | $0 |
Tin Nguyen Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sky Blue Cleaning Janitorial Service | 6/29/21 | $134,760 |
Charter School Management Corp Outsorced Charter School Management | 6/29/21 | $135,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,704,780 |
| All other contributions, gifts, grants, and similar amounts not included above | $281,274 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,986,054 |
| Total Program Service Revenue | $684,008 |
| Investment income | $3,554 |
| 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 | $13,673,616 |
| 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. | $171,551 |
| Compensation of current officers, directors, key employees. | $171,551 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,614,620 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,560,968 |
| Payroll taxes | $0 |
| Fees for services: Management | $166,427 |
| 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 | $970,370 |
| Advertising and promotion | $17,585 |
| Office expenses | $116,396 |
| Information technology | $17,415 |
| Royalties | $0 |
| Occupancy | $747,224 |
| Travel | $9,717 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $873,916 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $562,116 |
| Insurance | $75,641 |
| All other expenses | $42,486 |
| Total functional expenses | $13,414,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,385,976 |
| Savings and temporary cash investments | $4,564,664 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,287,332 |
| 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 | $35,880 |
| Net Land, buildings, and equipment | $19,379,981 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $327,127 |
| Other assets | $4,870,955 |
| Total assets | $34,851,915 |
| Accounts payable and accrued expenses | $1,169,483 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $23,860,661 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $329,133 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,204,590 |
| Total liabilities | $38,563,867 |
| Net assets without donor restrictions | -$8,276,616 |
| Net assets with donor restrictions | $4,564,664 |
| 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 | $34,851,915 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Coral Academy Of Science Reno has recieved totaling $30,040.
| Awarding Organization | Amount |
|---|---|
Earl And Elizabeth Ash Foundation Of Nevada Reno, NV PURPOSE: GENERAL PURPOSE | $25,000 |
The Steven G Mihaylo Foundation Tempe, AZ PURPOSE: TO PROVIDE A SAFE LEARNING ENVIRONMENT, SUPPORTED BY A DIVERSE COMMUNITY, AND A STUDENT BODY THAT IS DEDICATED TO A RIGOROUS COLLEGE PREPARATORY CURRICULUM. | $4,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,040 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Utah Charter Academies Draper, UT | $87,193,817 | $47,458,045 |
Lifelong Learning Administration Corporation Lancaster, CA | $25,266,460 | $53,959,766 |
Wonderful College Prep Academy Delano, CA | $24,794,533 | $50,280,007 |
California Virtual Academies At Los Angeles Simi Valley, CA | $29,684,011 | $46,331,896 |
Cabrillo Point Academy Poway, CA | $23,203,988 | $48,389,829 |
Vaughn Next Century Learning Center San Fernando, CA | $201,824,802 | $53,063,832 |
Pacific Coast Academy Poway, CA | $20,772,611 | $44,078,486 |
Birmingham Community Charter High School Van Nuys, CA | $42,319,173 | $47,098,171 |
Education For Change Oakland, CA | $46,722,136 | $44,379,557 |
Mojave River Academy Schools Oro Grande, CA | $19,432,116 | $42,903,299 |
Isana Los Angeles, CA | $25,748,660 | $48,465,580 |
Legacy Traditional Schools - Nevada Inc Chandler, AZ | $98,471,077 | $39,227,732 |