Coral Reef Montessori Academy is a charter school based in Miami, FL that was founded in 1998. As of 2019 they had $4.5 million in revenue and $7.6 million in assets.
Founded in 1998, Coral Reef Montessori Academy strives for excellence in all areas of Montessori pedagogy, resulting in a holistic education for each individual child. They serve nearly 500 children from ages 3-14, in grades pre-K3 through eight.
Previous legal names or variations of their name include: Coral Reef Montessori Academy Charter School.
EIN:
65-0840179
City:
State:
Website:
Phone:
305.255.0064
Facebook:
Founded:
1998
Type:
501(c)(3)
NTEE:
Revenue:
$4,525,909
Assets:
$7,660,835
Employees:
92
Fiscal year end:
June
Program areas at Coral Reef Montessori Academy
During the 2018-2019 school year, an additional PreK-K class was opened to address the ongoing demand for admission to Coral Reef Montessori Academy Charter School ("The School"). The school earned a "B" for its overall achievements. This growth resulted in an increase of students without a prior Montessori foundation. Many new students were admitted in kindergarten and the upper grades who came from traditional school experiences. In addition, the Schools' Exceptional Educational population increased to 9.6% almost twice that of the district. The School's continued success and greatest achievement was having completed the Accreditation Progress Report (APR) established by the Advanced Accreditation Commission and Board of Trustees, and hereby accredited by the Southern Association of Colleges and Schools Council on Accreditation and School Improvement. The APR was based on 3 recommendations given to the School to complete after the first year of accreditation status through 2017. The School successfully complied ...
Form 990s for Coral Reef Montessori Academy
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2019-06 | Dec 5, 2019 | 990 | View PDF |
| 2018-06 | Feb 21, 2019 | 990 | View PDF |
| 2017-06 | Sep 12, 2018 | 990 | View PDF |
| 2016-06 | Jul 25, 2017 | 990 | View PDF |
| 2015-06 | Jul 12, 2016 | 990 | View PDF |
| ...and five more Form 990 PDFs |
Financials for Coral Reef Montessori Academy
| Field | 2019 | 2018 | % Change |
|---|
| Federated campaigns | $0 | $0 | |
| Membership dues | $0 | $0 | |
| Fundraising event contributions | $0 | $0 | |
| Related organizations | $0 | $0 | |
| Government grants (contributions) | $4,118,587 | $3,831,702 | 7.5% |
| Normal grants, contributions, etc. | $365,562 | $179,072 | 104.1% |
| <em>Non-cash contributions included in above</em> | $0 | $0 | |
| Total grants, contributions, etc. | $4,484,149 | $4,010,774 | 11.8% |
| Field | 2019 | 2018 | % Change |
|---|
| Total grants, contributions, etc. | $4,484,149 | $4,010,774 | 11.8% |
| Program services | $0 | $0 | |
| Investment income and dividends | $0 | $269 | -100% |
| Tax-exempt bond proceeds | $0 | $0 | |
| Royalty revenue | $0 | $0 | |
| Net rental income | $41,760 | $41,760 | 0% |
| Net gain from sale of non-inventory assets | $0 | $0 | |
| Net income from fundraising events | $0 | $0 | |
| Net income from gaming activities | $0 | $0 | |
| Net income from sales of inventory | $0 | $0 | |
| Miscellaneous revenues | $0 | $0 | |
| Total revenues | $4,525,909 | $4,052,803 | 11.7% |
| Field | 2019 | 2018 | % Change |
|---|
| Grants to govts. and orgs. in USA | $0 | $0 | |
| Grants to individuals in USA | $0 | $0 | |
| Grants to govts., orgs., and individuals outside USA | $0 | $0 | |
| Benefits paid to or for members | $0 | $0 | |
| Compensation of current officers, etc. | $198,086 | $233,214 | -15.1% |
| Compensation not included above, to disqualified persons | $0 | $0 | |
| Non-officer salaries and wages | $1,955,526 | $1,871,067 | 4.5% |
| Pension/retirement accruals and contributions | $309,704 | $246,700 | 25.5% |
| Other employee benefits | $262,448 | $344,806 | -23.9% |
| Payroll taxes | $170,285 | $158,563 | 7.4% |
| Management fees | $90,198 | $88,844 | 1.5% |
| Legal fees | $52,795 | $5,984 | 782.3% |
| Accounting fees | $18,048 | $36,438 | -50.5% |
| Lobbying fees | $0 | $0 | |
| Pro. fundraising fees | $0 | $0 | |
| Investment mgmt fees | $0 | $0 | |
| Other fee-for-service | $64,471 | $62,913 | 2.5% |
| Advertising and promotion | $805 | $0 | 999% |
| Office expenses | $185,202 | $141,485 | 30.9% |
| Information tech. expenses | $9,600 | $23,205 | -58.6% |
| Royalty expenses | $0 | $0 | |
| Occupancy | $189,641 | $246,471 | -23.1% |
| Travel | $8,086 | $8,638 | -6.4% |
| Public official travel and entertainment | $0 | $0 | |
| Conferences, meetings, etc. | $0 | $0 | |
| Interest | $249,936 | $268,789 | -7.0% |
| Payments to affiliates | $0 | $0 | |
| Depreciation, amortization, etc. | $170,984 | $118,516 | 44.3% |
| Insurance | $12,534 | $34,795 | -64.0% |
| All other expenses | $312,003 | $305,287 | 2.2% |
| Total expenses | $4,260,352 | $4,195,715 | 1.5% |
| Field | 2019 | 2018 | % Change |
|---|
| Cash (non-interest-bearing) | $109,470 | $140,518 | -22.1% |
| Savings, short-term investments, etc. | $0 | $0 | |
| Pledges and grants receivable | $0 | $0 | |
| Accounts receivable | $108,487 | $21,640 | 401.3% |
| Loans receivable from officers, directors, etc. | $0 | $0 | |
| Loans receivable from other disqualified persons | $0 | $0 | |
| Notes and loans receivable | $0 | $1,813 | -100% |
| Inventories for use | $0 | $0 | |
| Prepaid expenses and deferred charges | $772,805 | $603,410 | 28.1% |
| Buildings, equipment, etc. post-depreciation | $6,670,073 | $6,498,772 | 2.6% |
| Investments, publicly traded securities | | $0 | |
| Investments, other securities | | $0 | |
| Investments, program-related | | $0 | |
| Intangible assets | | $0 | |
| Other assets | $0 | | |
| Total assets | $7,660,835 | $7,266,153 | 5.4% |
| Field | 2019 | 2018 | % Change |
|---|
| Accounts payable and accrued expenses | $647,764 | $628,746 | 3.0% |
| Grants payable | $0 | $0 | |
| Deferred revenue | $0 | $0 | |
| Tax-exempt bond liabilities | $0 | $0 | |
| Escrow or custodial account liability | $0 | $0 | |
| Loans payable to officers and disqualified persons | $0 | $0 | |
| Secured mortgages and notes payable to unrelated third parties | $0 | $0 | |
| Unsecured notes and loans payable to unrelated third parties | $6,545,934 | $6,510,626 | 0.5% |
| Other liabilities | $225,888 | $151,089 | 49.5% |
| Total liabilities | $7,419,586 | $7,290,461 | 1.8% |
| Field | 2019 | 2018 | % Change |
|---|
| Unrestricted net assets | $241,249 | $-24,308 | 1092.5% |
| Temporarily restricted net assets | $0 | $0 | |
| Permanently restricted net assets | $0 | $0 | |
Vendors for Coral Reef Montessori Academy
| Vendor | Services | Amount paid | Date |
|---|
| Hunter and Simmons | Tax accounting | | 2019-10-15 |
| ███████ ███ ██ █████ ███ | Tax accounting | | 2014-10-29 |
Personnel at Coral Reef Montessori Academy
| Name | Title | Compensation | Most recent data |
|---|
| Juliet King | Director | $99,043 | Dec. 5, 2019 |
| Lucy Golden | Co - Director | $99,043 | June 30, 2019 |
| ████ ████████████████ | Director | $111,611 | Nov. 30, 2018 |
Peer charter schools
| | Name | Type | Revenue | Location |
|---|
| 1 | Berkley Charter School (BCS) | 501(c)(3) | $6.2 million | Auburndale, FL |
| 2 | Downtown Doral Charter Elementary School (DDCES) | 501(c)(3) | $7.3 million | Doral, FL |
| 3 | Central Charter School | 501(c)(3) | $10 million | Lauderdale Lakes, FL |
| 4 | Indian River Charter High School (IRCHS) | 501(c)(3) | $5.7 million | Vero Beach, FL |
| 5 | Suncoast School for Innovative Studies | 501(c)(3) | $4.4 million | Sarasota, FL |
| 6 | Central Florida Leadership Academy Charter School | 501(c)(3) | $1.6 million | Orlando, FL |
| 7 | Belmont Academy | 501(c)(3) | $4.0 million | Lake City, FL |
| 8 | St Peter's Academy | 501(c)(3) | $1.4 million | Vero Beach, FL |
| 9 | Altoona School | 501(c)(3) | $1.9 million | Altoona, FL |
| 10 | Palmetto Charter School | 501(c)(3) | $3.2 million | Palmetto, FL |
| 11 | Western Academy Charter School (WACS) | 501(c)(3) | $3.8 million | Royal Palm Beach, FL |
| 12 | Brooks-Debartolo Collegiate High School (BDCHS) | 501(c)(3) | $4.2 million | Tampa, FL |
| 13 | Downtown Miami Charter School (DMCS) | 501(c)(3) | $6.0 million | Miami, FL |
| 14 | Eagles Nest Charter Academy | 501(c)(3) | $5.8 million | Fort Lauderdale, FL |
| 15 | Terrace Community School (TCMS) | 501(c)(3) | $5.0 million | Thonotosassa, FL |
| 16 | G-Star School of the Arts | 501(c)(3) | $7.2 million | Palm Springs, FL |
| 17 | Cornerstone Charter Academy | 501(c)(3) | $11 million | Miami, FL |
| 18 | South Mckeel Academy | 501(c)(3) | $8.8 million | Lakeland, FL |
| 19 | Plato Academy Schools | 501(c)(3) | $22 million | Clearwater, FL |
| 20 | Minneola Elementary School | 501(c)(3) | $8.0 million | Minneola, FL |
| 21 | The Pepin Academies | 501(c)(3) | $10 million | Riverview, FL |
| 22 | Roundlake Lake Elementary School | 501(c)(3) | $6.7 million | Mount Dora, FL |
| 23 | Learning Path Academy | 501(c)(3) | $1.9 million | West Palm Beach, FL |
| 24 | Mckeel Elementary Academy | 501(c)(3) | $3.2 million | Lakeland, FL |
| 25 | Miami Community Charter Middle School | 501(c)(3) | $2.1 million | Florida City, FL |