CORAL REEF MONTESSORI ACADEMY CHARTER SCHOOL INC

EIN: 650840179 501(c)(3) Education

Miami, FL

Total Revenue
$7,605,769
Total Expenses
$6,832,721
Total Assets
$9,339,972
Net Assets
$1,074,432
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
FL
Principal Officer
Juliet King
Phone
3052550064
Tax Period
2023-07-01 to 2024-06-30

CORAL REEF MONTESSORI ACADEMY CHARTER SCHOOL INC, founded in 1998, is a community nonprofit in the Education sector that reported $7.6M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $6.8M left a modest 10% surplus.

Mission

Coral Reef Montessori Academy Charter School's purpose is to educate children with a culturally relevant pedagogy that promotes the pursuit of social justice and strengthens a child's independence, confidence, tolerance and connection to the global community.

Program Service Accomplishments

Program 1
Expenses: $5,141,685 Revenue: $7,605,769

The 2023/24 school year marked the school's 25th anniversary. There was notable improvement in the program's academics: we went from a high C in 2023 to a high B in 2024, only four percentage points...

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The 2023/24 school year marked the school's 25th anniversary. There was notable improvement in the program's academics: we went from a high C in 2023 to a high B in 2024, only four percentage points away from an A. The school's test scores in the spring of 2024 showed improvement in about every grade level and subject area from the previous school year. In 8th grade Science, our scores exceeded the district and the state with the percentage of students proficient. In writing, our scores in grades 5, 6 and 8 were either on par or exceeded both the district's and the state's percentages for students proficient.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,605,769
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $7,605,769

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,609,875
Fundraising Expenses $0
Program Expenses $5,141,685
Other Expenses $2,222,846
TOTAL EXPENSES $6,832,721

Year-over-Year Comparison

2023 2022 Change
Revenue $7,605,769 $6,947,559 +0.1%
Expenses $6,832,721 $5,937,626 +0.2%
Net Income $773,048 $1,009,933 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
96
Volunteers
87

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
6
$0
Key Employees
2
$247,975
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LUCY CANZONERI-GOLDEN Co-Director 40
Key Emp Highest
$126,872 $0 $126,872
JULIET KING Co-Director 40
Key Emp
$121,103 $0 $121,103
NESTOR TORRES Board Member 0
Director
$0 $0 $0
RICARDO ALVAREZ Board Secretary 2
Director
$0 $0 $0
WENDALL CARR Chairperson 4
Officer Director
$0 $0 $0
SAMUEL C JACKSON Board Member 2
Director
$0 $0 $0
ROSEMARY HOEL Board Member 2
Director
$0 $0 $0
Kaylan Domond Board Member 2
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $7,605,769 $6,832,721 $9,339,972 $773,048
2023 $6,947,559 $5,937,626 $8,556,233 $1,009,933
2022 $4,936,148 $4,903,999 $7,621,833 $32,149
2021 $5,126,602 $4,735,372 $7,920,448 $391,230
2020 $4,604,598 $4,828,201 $7,629,793 $-223,603
2019 $4,525,909 $4,260,352 $7,660,835 $265,557
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