Mater Academy Foundation Inc
100% goes to programs $0 to raise $100 Declining revenue
Mater Academy Foundation Inc is a 501(c)(3) organization based in Miami, Florida, registered in 2010, with $21,190,707 in FY2024 revenue. CharityIndex grades it C, and it directs about 100% of spending to programs.
6340 Sunset Dr, Miami, FL, 33143 EIN 26-3039409 Since 2010
Revenue (FY2024)
$21.2M
▼ 1.7% vs prior year
Education median: $200K
Expenses (FY2024)
$39.4M
Net assets
$3.8M
Employees
1
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →C+Program efficiency40% of the rating100% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Mater Academy Foundation Inc: 100% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating1 mo reserves · -86% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mater Academy Foundation Inc: 1 mo reserves · -86% margin earns a F on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Mater Academy Foundation Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mater Academy Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Mater academy foundation, inc. is a not-for-profit organization operating in south florida. the organization provides financial support to all mater academy charter schools.
Contact & location
- Address
- 6340 Sunset Dr, Miami, FL, 33143
- City
- Miami
- State
- Florida
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $277K (FY2013) to $21.2M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $311.1MNet assets $3.8M
Operating margin
-86.0%
Spent more than it raised in the latest fiscal year.
Total assets
$314.9M
Total liabilities
$311.1M
Net assets
$3.8M
Salaries & benefits
$88K
0% of expenses
Board members
4
4 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $21,190,707▼1.7% | $39,420,167▲61.5% | $3,831,447▼82.6% | $314,916,537▼6.4% | 990 |
| 2023 | $21,553,239▲11.2% | $24,411,879▲42.0% | $22,060,907▼11.5% | $336,431,838▲1.2% | 990 |
| 2022 | $19,374,880▼69.9% | $17,193,334▲59.0% | $24,919,547▼64.7% | $332,384,319▼12.3% | 990 |
| 2021 | $64,349,125▲609% | $10,812,456▲44.1% | $70,593,825▲1162% | $379,036,072▲2064% | 990 |
| 2019 | $9,080,237▲29.7% | $7,505,857▲35.5% | $5,594,810▲39.6% | $17,512,117▲15.9% | 990 |
| 2018 | $6,998,458▲26.8% | $5,539,277▲18.2% | $4,006,943▲57.3% | $15,106,828▲9.3% | 990 |
| 2017 | $5,517,756▲13.7% | $4,685,063▲21.9% | $2,547,762▲48.6% | $13,822,505▲10.3% | 990 |
| 2016 | $4,854,820▲45.8% | $3,842,054▲45.7% | $1,715,069▲144% | $12,533,905▲512% | 990 |
| 2015 | $3,330,289▲59.4% | $2,636,979▲19.0% | $702,303▲7709% | $2,049,239▲91.0% | 990 |
| 2014 | $2,089,682▲653% | $2,215,722▲585% | $8,993▼93.3% | $1,073,001▲30.5% | 990 |
| 2013 | $277,392 | $323,584 | $135,033 | $822,386 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Christian C Crousillat | Director, Vice President, Chairman | 2 | — |
| Idalia Suarez | Director, Secretary | 2 | — |
| Maria Beatriz Nunez | Director | 2 | — |
| Roberto Blanch | President | 2 | — |
| Shannie Sadesky | Director | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Bdi Construction Company | Construction | $6,384,991 |
| Reo Workforce Inc | Construction | $3,285,412 |
| Miami School Group LLC | Facility Rental | $2,256,842 |
| Camcon Group | Construction | $1,994,795 |
| Turin Construction Group | Construction | $1,950,460 |
Grants received · $197K total
5 grants to Mater Academy Foundation Inc totaling $197K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Mater Academy Inc | To support education | 2024 | $62,720 |
| Mater Academy Central Inc | To support education | 2024 | $11,148 |
| Mater Academy Inc | To support education | 2023 | $54,868 |
| Mater Academy Central Inc | To support education | 2023 | $11,427 |
| Mater Academy Inc | To support charter schools event | 2022 | $56,342 |
Grants made · $39K in FY2024
1 grant totaling $39K in FY2024. All grants made by Mater Academy Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Mater Academy Inc | To support education | $38,609 |
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Frequently asked questions
- Is Mater Academy Foundation Inc a legitimate nonprofit?
- Yes. Mater Academy Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-3039409, based in Miami, Florida. Donations are tax-deductible.
- What is Mater Academy Foundation Inc's EIN?
- Mater Academy Foundation Inc's Employer Identification Number (EIN) is 26-3039409.
- How much revenue does Mater Academy Foundation Inc report?
- Mater Academy Foundation Inc reported $21,190,707 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Mater Academy Foundation Inc's spending goes to programs?
- Mater Academy Foundation Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mater Academy Foundation Inc have?
- CharityIndex grades Mater Academy Foundation Inc C, based on program efficiency and fundraising cost.
- How much does Mater Academy Foundation Inc's highest-paid employee make?
- The highest reported compensation on Mater Academy Foundation Inc's latest Form 990 is $0, paid to Christian C Crousillat (Director, Vice President, Chairman).
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Data for Mater Academy Foundation Inc (EIN 26-3039409) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.