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Daisy Education Corporation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Elementary, Secondary Education, K - 12 (B29) (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$31.4M (2023)

Expenses
$28.9M (2023)

Total Assets
$47.6M (2023)

Total Liabilities
$28.1M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,433,587
Expenses
$28,878,585
Net Income
$2,555,002
Net Assets
$19,514,815
Notable Sources of Revenue Percent of Total Revenue
Contributions $29,508,647
93.9%
Program Services $712,596
2.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,212,344
3.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $6,669,822
23.1%
Assets/Debt
Total Assets $47,612,574
Total Liabilities $28,097,759
Net Assets $19,514,815
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mr Reginald Adams (Director) $0 $0 $0
Ms Lesly Baca Ruiz (Director) $0 $0 $0
Dr Ali Unver (Director) $0 $0 $0
Dr Abdullah Yilmaz (Director) $0 $0 $0
Fatih Karatas (Ceo) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,751,368
Expenses
$29,128,171
Net Income
$2,623,197
Net Assets
$16,959,813
Notable Sources of Revenue Percent of Total Revenue
Contributions $29,672,565
93.5%
Program Services $371,804
1.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,706,999
5.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $7,304,305
25.1%
Assets/Debt
Total Assets $44,188,581
Total Liabilities $27,228,768
Net Assets $16,959,813
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mr Regnald Adams (Director) $0 $0 $0
Ms Lesly Baca Ruiz (Director) $0 $0 $0
Dr Ali Unver (Director) $0 $0 $0
Dr Abdullah Yilmaz (Director) $0 $0 $0
Fatih Karatas (Ceo) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,502,043
Expenses
$23,927,029
Net Income
$3,575,014
Net Assets
$14,336,616
Notable Sources of Revenue Percent of Total Revenue
Contributions $27,197,714
98.9%
Program Services $304,329
1.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $5,822,826
24.3%
Assets/Debt
Total Assets $46,295,236
Total Liabilities $31,958,620
Net Assets $14,336,616
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mr Regnald Adams (Director) $0 $0 $0
Ms Lesly Baca Ruiz (Director) $0 $0 $0
Dr Ali Unver (Director) $0 $0 $0
Dr Abdullah Yilmaz (Director) $0 $0 $0
Fatih Karatas (Ceo) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$23,735,054
Expenses
$22,924,176
Net Income
$810,878
Net Assets
$10,761,602
Notable Sources of Revenue Percent of Total Revenue
Contributions $22,833,475
96.2%
Program Services $573,429
2.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $328,150
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $6,034,692
26.3%
Assets/Debt
Total Assets $45,346,622
Total Liabilities $34,585,020
Net Assets $10,761,602
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Abdullah Yilmaz (Director) $0 $0 $0
Lesley Baca Ruiz (Director) $0 $0 $0
Reginald Adams (Diretor) $0 $0 $0
Ali Kemel Unver (Director) $0 $0 $0
Fatih Karatas (Chief Executive Officer) $0 $0 $0
Clint Farlinger (Chief Financial Officer) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,637,113
Expenses
$20,882,909
Net Income
$754,204
Net Assets
$8,766,302
Notable Sources of Revenue Percent of Total Revenue
Contributions $21,277,761
98.3%
Program Services $750,011
3.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $13,345
0.1%
Net Fundraising $0
Sales of Assets -$497,914
Net Inventory Sales $0
Other Revenue $93,910
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $5,248,942
25.1%
Assets/Debt
Total Assets $41,277,403
Total Liabilities $32,511,101
Net Assets $8,766,302
Compensation
Key Employees and Officers Compensation Related Other
Abdullah Yilmaz (President) $0 $0 $0
Ali Kemal Unver (Treasurer) $0 $0 $0
Reginald Adams (Director) $0 $0 $0
Lesly Baca Ruiz (Secretary) $0 $0 $0
Adem Aktas (Director) $0 $0 $0
Stacey Austin (Director) $0 $0 $0
Omer Guvener (Director) $0 $0 $0
Kimmie Nguyen (Director) $0 $0 $0
Becky Kirkpatrick (Director) $0 $0 $0
Linda Lopez (Director) $0 $0 $0
Elizabeth Parsons (Director) $0 $0 $0
Fatih Karatas (Ceo) $0 $92,898 $7,970
Tuncay Celik (Cfo) $0 $87,479 $10,824
Kevin Fort (Cfo) $0 $17,103 $338
Christopher Felton (Coo) $0 $85,590 $5,041

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$19,785,322
Expenses
$19,142,209
Net Income
$643,113
Net Assets
$8,012,098
Notable Sources of Revenue Percent of Total Revenue
Contributions $18,724,587
94.6%
Program Services $1,019,156
5.2%
Investment Income $8,620
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $11,536
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $21,423
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $5,125,903
26.8%
Assets/Debt
Total Assets $33,898,921
Total Liabilities $25,886,823
Net Assets $8,012,098
Compensation
Key Employees and Officers Compensation Related Other
Dr Abdullah Yilmaz (President) $0 $0 $0
Ali Unver (Member) $0 $0 $0
Rebecca Kirkpatrick (Member) $0 $0 $0
Elizabeth Parsons (Member) $0 $0 $0
Regi Adams (Member) $0 $0 $0
Adem Aktas (Member) $0 $0 $0
Stacey Austin (Member) $0 $0 $0
Omer Guvener (Member) $0 $0 $0
Linda Lopez (Member) $0 $0 $0
Kimmie Nguyen (Member) $0 $0 $0
Lesly Baca Ruiz (Member) $0 $0 $0
Adibohan Jurayeva (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,633,311
Expenses
$16,936,736
Net Income
$696,575
Net Assets
$5,365,462
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,464,412
14.0%
Program Services $15,146,631
85.9%
Investment Income $1,700
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $9,600
0.1%
Net Fundraising $0
Sales of Assets -$14,979
Net Inventory Sales $0
Other Revenue $25,947
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,871,726
28.8%
Assets/Debt
Total Assets $27,038,744
Total Liabilities $21,673,282
Net Assets $5,365,462
Compensation
Key Employees and Officers Compensation Related Other
Dr Abdullah Yilmaz (President) $0 $0 $0
Crissie Rowley (Secretary) $0 $0 $0
Cemil Geyik (Member) $0 $0 $0
Becky Kirkpatrick (Member) $0 $0 $0
Elizabeth Parsons (Member) $0 $0 $0
Regi Adams (Member) $0 $0 $0
Dr Adem Aktas (Member) $0 $0 $0
Stacey Austin (Member) $0 $0 $0
Mr Omer Guvener (Member) $0 $0 $0
Kelly Haskins (Member) $0 $0 $0
Kimmie Nguyen (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,390,905
Expenses
$15,852,398
Net Income
$538,507
Net Assets
$4,633,602
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,755,109
10.7%
Program Services $14,606,787
89.1%
Investment Income $1,404
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $8,500
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $19,105
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,431,629
28.0%
Assets/Debt
Total Assets $16,407,608
Total Liabilities $11,774,006
Net Assets $4,633,602
Compensation
Key Employees and Officers Compensation Related Other
Dr Abdullah Yilmaz (President) $0 $0 $0
Crissie Rowley (Secretary) $0 $0 $0
Carol Popovich (Member) $0 $0 $0
Steven G Zylstra (Member) $0 $0 $0
Caroline Vaningen Dunn (Member) $0 $0 $0
Dr Timothy Holt (Member) $0 $0 $0
Dr Ali Unver (Board Chair) $0 $0 $0
Matt West (Member) $0 $0 $0
Cemil Geyik (Member) $0 $0 $0
Becky Kirkpatrick (Member) $0 $0 $0
Miriam Lopez (Member) $0 $0 $0
Elizabeth Parsons (Member) $0 $0 $0
Jeremy Babendure (Member) $0 $0 $0
Regi Adams (Member) $0 $0 $0
Dr Adem Aktas (Member) $0 $0 $0
Stacey Austin (Member) $0 $0 $0
Mr Omer Guvener (Member) $0 $0 $0
Kelly Haskins (Member) $0 $0 $0
Kimmie Nguyen (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,633,646
Expenses
$16,286,325
Net Income
$347,321
Net Assets
$4,214,156
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,178,730
13.1%
Program Services $14,293,727
85.9%
Investment Income $1,682
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $83,050
0.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $76,457
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,723,391
29.0%
Assets/Debt
Total Assets $16,570,466
Total Liabilities $12,356,310
Net Assets $4,214,156
Compensation
Key Employees and Officers Compensation Related Other
Dr Abdullah Yilmaz (President) $0 $0 $0
Volkan Tekin (Member) $0 $0 $0
Gokcan Hart (Member) $0 $0 $0
Dr Mehmet Argin (Member) $0 $0 $0
Faith Karatas (Member) $0 $0 $0
Erica Jagdeo (Member) $0 $0 $0
Dr Ali Unver (Board Chair) $0 $0 $0
Larren Allen (Member) $0 $0 $0
Cemil Geyik (Member) $0 $0 $0
Becky Kirkpatrick (Member) $0 $0 $0
Miriam Lopez (Member) $0 $0 $0
Elizabeth Parsons (Member) $0 $0 $0
Raquel Vargas Lugo (Member) $0 $0 $0
Regi Adams (Member) $0 $0 $0
Dr Adem Aktas (Member) $0 $0 $0
Stacey Austin (Member) $0 $0 $0
Mr Omer Guvener (Member) $0 $0 $0
Kelly Haskins (Member) $0 $0 $0
Kimmie Nguyen (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,795,658
Expenses
$16,850,362
Net Income
-$54,704
Net Assets
$2,755,931
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,334,128
13.9%
Program Services $14,282,850
85.0%
Investment Income $1,379
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $98,400
0.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $78,901
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $5,051,347
30.0%
Assets/Debt
Total Assets $15,759,388
Total Liabilities $13,003,457
Net Assets $2,755,931
Compensation
Key Employees and Officers Compensation Related Other
Dr Abdullah Yilmaz (President) $0 $0 $0
Volkan Tekin (Member) $0 $0 $0
Gokcan Hart (Member) $0 $0 $0
Dr Mehmet Argin (Member) $0 $0 $0
Faith Karatas (Member) $0 $0 $0
Erica Jagdeo (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,118,649
Expenses
$9,465,605
Net Income
$653,044
Net Assets
$2,997,768
Notable Sources of Revenue Percent of Total Revenue
Contributions $95,348
0.9%
Program Services $9,889,488
97.7%
Investment Income $446
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $98,400
1.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $34,967
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,893,183
20.0%
Assets/Debt
Total Assets $14,575,790
Total Liabilities $11,578,022
Net Assets $2,997,768

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,855,445
Expenses
$9,671,688
Net Income
$183,757
Net Assets
$2,344,724
Notable Sources of Revenue Percent of Total Revenue
Contributions $104,819
1.1%
Program Services $9,669,863
98.1%
Investment Income $428
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $80,335
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,388,113
14.4%
Assets/Debt
Total Assets $14,709,755
Total Liabilities $12,365,031
Net Assets $2,344,724

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,468,080
Expenses
$9,084,671
Net Income
$383,409
Net Assets
$2,160,967
Notable Sources of Revenue Percent of Total Revenue
Contributions $14,184
0.1%
Program Services $9,453,896
99.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,533,498
49.9%
Assets/Debt
Total Assets $14,831,724
Total Liabilities $12,670,757
Net Assets $2,160,967

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

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