Nonprofit · EIN 86-1791406
AERA FOUNDATION INC
Tax-exempt · DORAL, FL 33172
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $76,599 | $123 | $76,476 | $1,663,053 | $2,158 | $1,660,895 |
| December 31, 2023 | 990 | $71,339 | $35 | $71,304 | $1,586,454 | $2,035 | $1,584,419 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $76,599
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Management and general (functional)
- $123
Balance sheet and other
- Total assets, start of year
- $1,586,454
- Total assets, end of year
- $1,663,053
- Total liabilities, end of year
- $2,158
- Net assets, end of year
- $1,660,895
- Gross receipts
- $76,599
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2021
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BERNIE MONTERO | PRESIDENT Trustee or director, Officer | 2 | $0 |
| JUDITH C MARTI | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| CARLOS ALVAREZ | TREASURER Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BERNIE MONTERO | PRESIDENT Trustee or director, Officer | 2 | $0 |
| JUDITH C MARTI | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| CARLOS ALVAREZ | TREASURER Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 11100 NW 27TH STREET BLDG C-109, DORAL, FL 33172-5001
- In care of
- % DAVID COHEN
- Mailing address (990-N for 2021)
- 11100 NW 27TH STREET BLDG C-109, DORAL FL 33172
- Principal officer (990 for 2024)
- BERNIE MONTERO, 11100 NW 27TH STREET BLDG C-109, DORAL, FL 33172
- Principal officer (990-N for 2021)
- BERNIE MONTERO, 11100 NW 27TH STREET BLDG C-109, DORAL FL 33172
- Signed the 990
- BERNIE MONTERO, PRESIDENT/DIRECTOR
- Phone
- (786) 864-2560
- Return prepared by
- A MARTINEZ & ASSOCIATES CPAS PA
Mission
THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE ORGANIZATION ARE TO ASSIST CHARTER PUBLIC SCHOOLS IN THE PROVISION OF HIGH-QUALITY PRE-K-12 EDUCATION PROGRAMS AND SPECIFIC ALTERNATIVE EDUCATIONAL PROGRAMS, IN SOME CASES, FOR STUDENTS IN PRE-K-12, IN THE UNITED STATES. THE ORGANIZATION MAY ALSO SUPPORT EDUCATIONAL CHOICE PROGRAMS IN OTHER COUNTRIES.
Program accomplishments
- TO ACQUIRE OR DEVELOP, FOR SALE OR LEASE, QUALITY CHARTER SCHOOL FACILITIES, ON A BASIS MORE FAVORABLE TO THE CHARTER SCHOOL OPERATOR THAN OTHERWISE AVAILABLE TO SUCH OPERATOR IN THEN-CURRENT MARKET CONDITIONS.
- TO ASSIST CHARTER SCHOOLS IN OBTAINING FINANCING FOR PHYSICAL PLANT (BUILDINGS AND FF&E).
- TO ARRANGE FOR OR PROVIDE DIRECTLY ADMINISTRATOR, LEAD TEACHER, TEACHER AND STAFF PROFESSIONAL DEVELOPMENT PROGRAMS, INCLUDING FOSTERING AND PROMOTING COLLEGIAL FORUMS FOR SHARING BEST PRACTICES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 86-1791406
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $1,663,053
- Income (IRS master file)
- $76,599
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $1,515,115 | $0 | $1,515,115 | IRS |
| 990-N for 2021 Officer: BERNIE MONTERO | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about AERA FOUNDATION INC
- What is the EIN of AERA FOUNDATION INC?
- The employer identification number (EIN) of AERA FOUNDATION INC is 86-1791406.
- Is AERA FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to AERA FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AERA FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AERA FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AERA FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AERA FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names BERNIE MONTERO.
- Who are the officers and directors of AERA FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does AERA FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $76,599, expenses of $123 and total assets of $1,663,053 at year end.
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