Civic Intelligence

City of Hialeah Education Academy Inc

EIN 26-3087651 • 501(c)3 • Hialeah, FL

Profile

The school's mission is to provide a high-quality career-oriented curriculum for 21st century occupations; prepare students for a multilingual work environment and for a successful progression into post secondary studies.

2590 W 76th StreetHialeah, FL 33016

hialeaheduacademy.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

38th percentile

0.09x

Higher debt load relative to assets than 38% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

21st percentile

0.05x

Higher debt load relative to revenue than 21% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

76th percentile

23%

Higher net margin than 76% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

45th percentile

$172,702

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

94th percentile

60%

Faster asset growth than 94% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

77th percentile

29%

Faster revenue growth than 77% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$8,648,224

Up $3,243,834 (+60%) from 2023

Liabilities

Down

$775,435

Down $321,658 (-29%) from 2023

Net Assets

Up

$7,872,789

Up $3,565,492 (+83%) from 2023

Revenue

Up

$15,273,838

Up $3,453,860 (+29%) from 2023

Expenses

Up

$11,708,346

Up $499,813 (+4.5%) from 2023

Net Income

Up

$3,565,492

Up $2,954,047 (+483%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2012: $658,398Liabilities 2012: $90,083Net Assets 2012: $568,3152012Assets 2013: $591,191Liabilities 2013: $110,292Net Assets 2013: $480,8992013Assets 2014: $956,904Liabilities 2014: $124,462Net Assets 2014: $832,4422014Assets 2015: $1,337,613Liabilities 2015: $152,495Net Assets 2015: $1,185,1182015Assets 2016: $1,889,549Liabilities 2016: $227,646Net Assets 2016: $1,661,9032016Assets 2017: $2,338,133Liabilities 2017: $272,440Net Assets 2017: $2,065,6932017Assets 2018: $2,740,694Liabilities 2018: $317,411Net Assets 2018: $2,423,2832018Assets 2019: $3,339,523Liabilities 2019: $373,674Net Assets 2019: $2,965,8492019Assets 2020: $3,802,625Liabilities 2020: $740,750Net Assets 2020: $3,061,8752020Assets 2021: $4,032,675Liabilities 2021: $476,865Net Assets 2021: $3,555,8102021Assets 2022: $4,923,364Liabilities 2022: $1,069,199Net Assets 2022: $3,854,1652022Assets 2023: $5,404,390Liabilities 2023: $1,097,093Net Assets 2023: $4,307,2972023Assets 2024: $8,648,224Liabilities 2024: $775,435Net Assets 2024: $7,872,7892024

Highlighted filing

2024

Assets$8,648,224
Liabilities$775,435
Net Assets$7,872,789

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0Expenses 2012: $2,631,7772012Expenses 2013: $3,022,7492013Revenue 2014: $4,057,022Expenses 2014: $3,682,378Net Income 2014: $374,6442014Revenue 2015: $4,399,094Expenses 2015: $4,030,814Net Income 2015: $368,2802015Revenue 2016: $5,717,281Expenses 2016: $5,182,820Net Income 2016: $534,4612016Revenue 2017: $5,965,297Expenses 2017: $5,569,490Net Income 2017: $395,8072017Revenue 2018: $6,435,510Expenses 2018: $6,040,831Net Income 2018: $394,6792018Revenue 2019: $7,614,040Expenses 2019: $7,502,072Net Income 2019: $111,9682019Revenue 2020: $7,850,340Expenses 2020: $7,645,083Net Income 2020: $205,2572020Revenue 2021: $8,877,684Expenses 2021: $8,430,159Net Income 2021: $447,5252021Revenue 2022: $9,563,410Expenses 2022: $9,252,115Net Income 2022: $311,2952022Revenue 2023: $11,819,978Expenses 2023: $11,208,533Net Income 2023: $611,4452023Revenue 2024: $15,273,838Expenses 2024: $11,708,346Net Income 2024: $3,565,4922024

Highlighted filing

2024

Revenue$15,273,838
Expenses$11,708,346
Net Income$3,565,492

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$15,273,838
Mission and Program Overview

Mission

The school's mission is to provide a high-quality career-oriented curriculum for 21st century occupations; prepare students for a multilingual work environment and for a successful progression into post secondary studies.

The school's mission is to provide a high-quality career-oriented curriculum for 21st century occupations and prepare students for a multilingual work environment, as well as for a successful progression into post secondary studies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,203,014$4,496,463▲ $2,293,449
Accounts Receivable$1,669,652$2,550,088▲ $880,436
Land, Buildings, and Equipment, Net$1,531,329$1,586,883▲ $55,554
Prepaid Expenses and Deferred Charges$395$14,790▲ $14,395
Total Assets$5,404,390$8,648,224▲ $3,243,834
Liabilities
Other Liabilities$357,298$491,121▲ $133,823
Accounts Payable and Accrued Expenses$238,787$214,177▼ $24,610
Deferred Revenue$501,008$70,137▼ $430,871
Total Liabilities$1,097,093$775,435▼ $321,658
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,307,297$7,872,789▲ $3,565,492
Total Net Assets Fund Balance$4,307,297$7,872,789▲ $3,565,492
Total Liabilities and Net Assets / Fund Balance$5,404,390$8,648,224▲ $3,243,834

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$548,534$1,052,707$1,601,241
Buildings$979,881$261,023$1,240,904
Land$58,468-$58,468
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carlos AlvarezPrincipalFT$172,702$172,702
Amy SimpsonReading CoacFT$106,998$106,998

Board Members and Trustees

NameTitle
Teresa Santalo SanchezChairman, Pr
Armando LlanesDirector
Vincent TeckDirector
Noelle IglesiasVc, VP, Dire

Highest Paid Contractors

ContractorServicesLocationCompensation
Adp Total Source INCPayroll Service10200 SUNSET DR, Miami, FL 33173$6,972,466
City Of HialeahLandlord/rent3700 W 4TH AVE, Hialeah, FL 33012$737,456
Academica Dade LLCEducat. Service6340 SUNSET DRIVE, Miami, FL 33143$585,975
Cheney BrothersFood ServicesONE CHENEY WAY, Riviera Beach, FL 33404$195,275
Doral CollegeDual Enrollment11100 NW 27 ST BLDG C-109, Doral, FL 33172$101,976
Revenue and Support

Revenue Composition

Contributions and Grants
$14,662,415
Program Service Revenue
$0
Investment Income
$549,045
Other Revenue
$62,378
All Other Contributions
$14,205,292
Change in Net Assets
$3,565,492

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,273,838
Total Revenue per Audited Statements
$15,273,838
Total Revenue per Form 990
$15,273,838
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,571,589
Other Expenses$4,136,757
Total Fundraising Expense$489,232
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,484,935$975,792-$6,460,727
Other Employee Benefits$1,110,862--$1,110,862
Occupancy$911,913--$911,913
Fees for Services Other$361,265-$489,232$850,497
Fees for Services Management$463,125--$463,125
All Other Expenses$330,459--$330,459
Depreciation Depletion$321,824--$321,824
Office Expenses$238,137--$238,137
Other Expenses$127,899--$127,899
Advertising$67,190--$67,190
Insurance$55,639--$55,639
Travel$32,719--$32,719
Fees for Services Accounting$21,650--$21,650
Fees for Services Legal$425--$425
Total Functional Expenses$10,243,322$975,792$489,232$11,708,346

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,708,346
Total Expenses per Audited Statements$11,708,346
Total Expenses per Form 990$11,708,346
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Various$457,123---
Total Events$457,123---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll Expenses$491,121
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The organization does delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company.

Form 990, Page 6, Part VI, Line 11B

The 990 is reviewed and signed by the organization's authorized representative.

Form 990, Page 6, Part VI, Line 12C

A related party questionnaire is completed annually by each member.

Form 990, Page 6, Part VI, Line 19

Documents are available to public upon request. Form 990 is available online thru guidestar.org website.

Filing and Contact Details

Filer

Filer Name
City of Hialeah Education Academy
EIN
26-3087651
Phone
3053624006
Address
2590 W 76TH STREET, HIALEAH, FL 33016

Signing Officer

Name
Teresa Santalo Sanchez
Title
Chairman, President
Phone
3053624006
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Teresa Santalo Sanchez
Formed
2008
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
107
Volunteers
85

Preparer

Firm
Caballero Fierman Llerena & Garcia Llp
Address
8950 SW 74 COURT STE 1210, MIAMI, FL 33156
Preparer
Enrique Llerena CPA
Phone
3056627272
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The school's mission is to provide a high-quality career-oriented curriculum for 21st century occupations and prepare students for a multilingual work environment, as well as for a successful progression into post secondary studies.

Financial Statement Notes

Schedule D, Page 3, Part X

The school adopted the recognition requirements for uncertain income tax positions as required by generally accepted accounting principles, with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will morelikely- than-not be sustained upon examination by taxing authorities. The school has analyzed tax positions taken for filing with the internal revenue service and all state jurisdictions where it operates. The school believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the school's financial condition, results of operations or cash flows. Accordingly, the school has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at june 30, 2024. The school is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The school believes it is no longer subject to income tax examinations for years prior to 2020. The school's policy is to classify income tax related interest and penalties in interest expense and other expenses, respectively.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0THE SCHOOL'S MISSION IS TO PROVIDE A HIGH-QUALITY CAREER-ORIENTED CURRICULUM FOR 21ST CENTURY OCCUPATIONS AND PREPARE STUDENTS FOR A MULTILINGUAL WORK ENVIRONMENT, AS WELL AS FOR A SUCCESSFUL PROGRESSION INTO POST SECONDARY STUDIES.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WITH NO CUMULATIVE EFFECT ADJUSTMENT REQUIRED. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORELIKELY- THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE SCHOOL HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE IT OPERATES. THE SCHOOL BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE SCHOOL'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE SCHOOL HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2024. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE SCHOOL BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2020. THE SCHOOL'S POLICY IS TO CLASSIFY INCOME TAX RELATED INTEREST AND PENALTIES IN INTEREST EXPENSE AND OTHER EXPENSES, RESPECTIVELY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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IRS990ScheduleE/MaintainScholarshipsRecsInd0true
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY IN THEIR STUDENT APPLICATION PACKAGE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES FUNDING FROM THE MIAMI-DADE COUNTY PUBLIC SCHOOL DISTRICT. FUNDING IS RECEIVED FROM THE STATE OF FLORIDA THAT IS BASED, IN PART, ON THE NUMBER OF FULL TIME EQUIVALENT (FTE) STUDENTS ENROLLED IN THE SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
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IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CARLOS ALVAREZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRINCIPAL
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IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL'S MISSION IS TO PROVIDE A HIGH-QUALITY CAREER-ORIENTED CURRICULUM FOR 21ST CENTURY OCCUPATIONS AND PREPARE STUDENTS FOR A MULTILINGUAL WORK ENVIRONMENT, AS WELL AS FOR A SUCCESSFUL PROGRESSION INTO POST SECONDARY STUDIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES DELEGATE CONTROL OVER MANAGEMENT DUTIES CUSTOMARILY PERFORMED BY OR UNDER THE DIRECT SUPERVISION OF OFFICERS, DIRECTORS OR TRUSTEES, OR KEY EMPLOYEES TO A MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS REVIEWED AND SIGNED BY THE ORGANIZATION'S AUTHORIZED REPRESENTATIVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A RELATED PARTY QUESTIONNAIRE IS COMPLETED ANNUALLY BY EACH MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE TO PUBLIC UPON REQUEST. FORM 990 IS AVAILABLE ONLINE THRU GUIDESTAR.ORG WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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