2020-12-16T17:52:36-06:00 2020-06-30 880118801 BARNARD VOGLER & CO CPA'S 100 W LIBERTY STREET SUITE 1100 RENO NV 895011959 990 2019-10-16 843463741 CORAL ACADEMY OF SCIENCE RENO CORA 7753232332 1350 E 9TH STREET RENO NV 895122904 FEYZI TANDOGAN EXECUTIVE DIRECTOR 7753232332 2020-12-16 1 MICHAEL E DAVIS P00626991 7757866141 2019 2022-09-23 18:48:47Z X FEYZI TANDOGAN 1350 E 9TH STREET RENO NV 895122904 8981023 0 X WWW.CORALACADEMY.ORG X 2019 NV CORAL ACADEMY OF SCIENCE RENO'S 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. 7 7 169 0 0 0 875376 7705565 8719 391363 8981023 0 0 6796798 0 0 2776145 9572943 -591920 23015654 28818008 -5802354 CORAL ACADEMY OF SCIENCE RENO'S 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. 0 0 7237040 8096928 CORAL ACADEMY OF SCIENCE RENO OPERATES AS A K-12 PUBLIC-FUNDED CHARTER SCHOOL PROVIDING STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATHEMATICS) INSTRUCTION IN WASHOE COUNTY, NEVADA. 7237040 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 38 0 1 169 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 7753232332 1350 E 9TH STREET RENO NV 895122904 MEHMET GUNES PHD PRESIDENT 1.00 X X 0 0 0 CHRISTINE O'KEEFE MED VICE PRESIDENT 1.00 X X 0 0 0 TIN NGUYEN PHD MEMBER 1.00 X 0 0 0 ERCAN AYDOGDU MED SECRETARY 1.00 X X 0 0 0 ROBERT STACHLEWITZ PHD TREASURER 1.00 X 0 0 0 RACHEL CORD MEMBER 1.00 X 0 0 0 ENGIN ARSLAN MEMBER 1.00 X 0 0 0 FEYZI TANDOGAN EXECUTIVE DIRECTOR 40.00 X 112437 0 46683 112437 0 46683 1 0 1 0 0 541624 333752 875376 STATE FUNDING 611110 7686963 7686963 CHARGES FOR SERVICE - 611110 18602 18602 7705565 8719 8719 7461 0 7461 7461 7461 SEMESTER FEES, TEXTBOO 900099 362562 362562 AMORTIZATION OF BOND P 900099 21340 21340 383902 8981023 8096928 0 8719 87418 87418 4538282 3710476 827806 1580863 1259772 321091 398002 333294 64708 192233 161713 30520 947060 637885 309175 22944 22944 210869 135257 75612 44762 44762 610022 395203 214819 11145 11145 383853 291728 92125 256863 195216 61647 40177 30535 9642 SPONSORSHIP FEES 113231 113231 135219 30054 105165 9572943 7237040 2335903 0 6358512 958006 29886 14038059 1448824 0 12589235 0 3080015 0 23015654 586715 1830 0 28229463 0 28818008 X -5802354 0 -5802354 0 23015654 X -591920 -5210434 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1900307 1900307 10114632 1448824 8665808 1151271 1151271 871849 871849 12589235 DEFERRED OUTFLOWS PENSION CONTRIBUTIONS 3075691 SECURITY DEPOSIT 4324 3080015 BONDS, CAPITAL LEASES, AND CONTRACTS 16925305 PENSION LIABILITY 10467665 DEFERRED INFLOW PENSION 836493 28229463 8959683 0 8959683 21340 21340 8981023 9551603 0 9551603 21340 21340 9572943 PART XI, LINE 4B - OTHER ADJUSTMENTS: AMORTIZATION OF BOND PREMIUM PART XII, LINE 4B - OTHER ADJUSTMENTS: AMORTIZATION OF BOND PREMIUM PART X LINE 2 THE ORGAINIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AS A NONPROFIT ORGANIZATION. MANAGEMENT ANNUALLY REVIEWS ITS POSITIONS, WHICH ARE SUMMARIZED AS FOLLOWS: - IT HAS NOT ENGAGED IN ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX EXEMPT STATUS. - IT HAS NOT ENGAGED IN ANY ACTIVITIES THAT WOULD RESULT IN UNRELATED BUSINESS INCOME TAX. - IT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. IN ADDITION, THE ORGAINIZATION DOES NOT EXPECT ANY MATERIAL CHANGE IN UNCERTAIN TAX POSITIONS WITHIN THE NEXT TWELVE MONTHS. 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 CORAL ACADEMY OF SCIENCE - RENO IS A CHARTER SCHOOL ORGANIZED AS A DOMESTIC NONPROFIT CORPORATION IN NEVADA. AS SUCH, IT IS TREATED AS A PUBLIC SCHOOL EXEMPT FROM THE SPECIFIC GUIDELINES SET FORTH IN REVENUE PROCEDURE 75-50. SCHEDULE E, PART I, LINE 6 THE SCHOOL IS PRIMARILY FUNDED FROM STATE SOURCES THOUGH THE DISTRIBUTIVE SCHOOL ACCOUNT PER-PUPIL FUNDING IN ADDITION TO FEDERAL AND STATE EDUCATION GRANTS. 1 0 0 0 0 0 0 0 0 0 FEYZI TANDOGAN EXECUTIVE DIRECTOR 112437 0 0 0 0 0 34174 0 12509 0 159120 0 0 0 PART I, LINE 3 THE BOARD REVIEWS THE EXECUTIVE DIRECTOR'S SALARY USING COMPARATIVE DATA FROM WASHOE COUNTY SCHOOL DISTRICT PAY SCHEDULES AND OTHER INDEPENDENT INFORMATION. THE BOARD ALSO APPROVES SALARY RANGES FOR OTHER SCHOOL POSITIONS THAT ARE CONSISTENT WITH WASHOE COUNTY SCHOOL DISTRICT PAY RANGES. A PUBLIC FINANCE AUTHORITY 273866124 744396FG2 2019-12-20 14941403 PURCHASE AND IMPROVEMENT OF FACILITIES 0 0 0 A 14941403 1127973 606090 11020645 2186695 1 0 0 0 A 0 0 0 1 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED IN DRAFT FORM TO THE BOARD AND THE BUSINESS DIRECTOR REVIEWS THE 990 IN DETAIL FOR ACCURACY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REVIEWS ANY POTENTIAL CONFLICTS OF INTEREST AT LEAST ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS THE EXECUTIVE DIRECTOR'S SALARY USING COMPARATIVE DATA FROM WASHOE COUNTY SCHOOL DISTRICT PAY SCHEDULES AND OTHER INDEPENDENT INFORMATION. FORM 990, PART VI, SECTION C, LINE 18 ALL INFORMATION IS PROVIDED TO THE GENERAL PUBLIC UPON ORAL OR WRITTEN REQUEST OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 ALL INFORMATION IS PROVIDED TO THE GENERAL PUBLIC UPON ORAL OR WRITTEN REQUEST OF THE ORGANIZATION. FORM 990, PART XI, LINE 9: BALANCE TRANSFERRED FROM PREDECESSOR ENTITY - SEE BELOW -5,210,434. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS THE CHARTER SCHOOL, CORAL ACADEMY OF SCIENCE, WAS ORIGINALLY A GOVERNMENTAL ENTITY IN NEVADA UNTIL OCTOBER 15, 2019. AT THAT POINT, THEY INCORPORATED AS A DOMESTIC NEVADA NONPROFIT CORPORATION UNDER THE NAME CORAL ACADEMY OF SCIENCE RENO IN ACCORDANCE WITH NEVADA LEGISLATION. THE ORIGINAL ENTITY THEN TRANSFERRED ALL ASSETS AND LIABILITIES INTO THE NONPROFIT ENTITY AND DISSOLVED.