Civic Intelligence

Academic Solutions Academy Inc.

990 • Fiscal year 2024 • EIN 45-4667306

Jul 01, 2023 to Jun 30, 2024 • Filed on Apr 22, 2025

10044 NW 31 StreetCoral Springs, FL 33065

(954) 572-6600

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.78x

Higher debt load relative to assets than 87% of similar nonprofits.

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

Liabilities / Revenue

85th percentile

1.43x

Higher debt load relative to revenue than 85% of similar nonprofits.

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

Net Margin

73rd percentile

19%

Higher net margin than 73% of similar nonprofits.

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

Top Officer Pay

85th percentile

$375,000

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

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

Asset Growth

71st percentile

12%

Faster asset growth than 71% of similar nonprofits.

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

Revenue Growth

84th percentile

46%

Faster revenue growth than 84% of similar nonprofits.

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

Assets

Up

$12,939,955

Up $1,428,190 (+12%) from 2023

Net Assets

Up

$2,897,199

Up $1,313,274 (+83%) from 2023

Liabilities

Up

$10,042,756

Up $114,916 (+1.2%) from 2023

Revenue

Up

$7,011,985

Up $2,222,837 (+46%) from 2023

Expenses

Up

$5,698,711

Up $759,306 (+15%) from 2023

Net Income

Up

$1,313,274

Up $1,463,531 (+974%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2014: $195,713Liabilities 2014: $152,984Net Assets 2014: $42,7292014Assets 2015: $180,138Liabilities 2015: $34,936Net Assets 2015: $145,2022015Assets 2016: $436,286Liabilities 2016: $31,596Net Assets 2016: $404,6902016Assets 2017: $579,602Liabilities 2017: $14,718Net Assets 2017: $564,8842017Assets 2018: $1,084,949Liabilities 2018: $61,275Net Assets 2018: $1,023,6742018Assets 2019: $1,088,080Liabilities 2019: $295,671Net Assets 2019: $792,4092019Assets 2020: $1,219,704Liabilities 2020: $713,194Net Assets 2020: $506,5102020Assets 2021: $1,567,917Liabilities 2021: $300,167Net Assets 2021: $1,267,7502021Assets 2022: $8,789,358Liabilities 2022: $7,045,180Net Assets 2022: $1,744,1782022Assets 2023: $11,511,765Liabilities 2023: $9,927,840Net Assets 2023: $1,583,9252023Assets 2024: $12,939,955Liabilities 2024: $10,042,756Net Assets 2024: $2,897,1992024

Highlighted filing

2024

Assets$12,939,955
Liabilities$10,042,756
Net Assets$2,897,199

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $1,153,526Expenses 2014: $1,110,797Net Income 2014: $42,7292014Revenue 2015: $1,271,387Expenses 2015: $1,168,914Net Income 2015: $102,4732015Revenue 2016: $1,686,846Expenses 2016: $1,427,358Net Income 2016: $259,4882016Revenue 2017: $2,277,035Expenses 2017: $2,116,841Net Income 2017: $160,1942017Revenue 2018: $2,906,548Expenses 2018: $2,539,476Net Income 2018: $367,0722018Revenue 2019: $2,930,791Expenses 2019: $3,134,338Net Income 2019: -$203,5472019Revenue 2020: $2,371,254Expenses 2020: $2,657,153Net Income 2020: -$285,8992020Revenue 2021: $3,097,066Expenses 2021: $2,335,826Net Income 2021: $761,2402021Revenue 2022: $3,203,558Expenses 2022: $2,727,129Net Income 2022: $476,4292022Revenue 2023: $4,789,148Expenses 2023: $4,939,405Net Income 2023: -$150,2572023Revenue 2024: $7,011,985Expenses 2024: $5,698,711Net Income 2024: $1,313,2742024

Highlighted filing

2024

Revenue$7,011,985
Expenses$5,698,711
Net Income$1,313,274
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 22, 2025
Return Version
2023v6.0
Gross Receipts
$7,011,985
Mission and Program Overview

Mission

Operate a public charter high school

Operate a public charter high school to serve the needs of students who needs are not met in a traditional high school setting.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,029,175$7,095,656▲ $66,481
Rtn Earn Endowment Incm Other Fnds$1,583,925$2,897,199▲ $1,313,274
Cash and Non-Interest-Bearing Accounts$2,768,210$2,362,716▼ $405,494
Investments in Publicly Traded Securities-$2,015,882-
Accounts Receivable$73,237$106,107▲ $32,870
Prepaid Expenses and Deferred Charges$571$50,000▲ $49,429
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$11,511,765$12,939,955▲ $1,428,190
Other Assets Total$1,640,572$1,309,594▼ $330,978
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,243,235$8,088,453▼ $154,782
Other Liabilities$1,354,907$1,725,305▲ $370,398
Accounts Payable and Accrued Expenses$329,698$228,998▼ $100,700
Total Liabilities$9,927,840$10,042,756▲ $114,916
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,583,925$2,897,199▲ $1,313,274
Total Liabilities and Net Assets / Fund Balance$11,511,765$12,939,955▲ $1,428,190

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,027,250$472,750$5,500,000
Leasehold Improvements$1,722,054$232,068$1,954,122
Equipment$346,352$396,966$743,318
Other Assets Org$325,437--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Andrew KinlockPrincipalFT$375,000$375,000
Meera Gautam PatelVP of Business Dev.FT$371,000$371,000

Board Members and Trustees

NameTitle
Mike AitchesonChair
Paul HarmanVice Chair
Dave DixonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,952,144
Investment Income
$31,133
Other Revenue
$28,708
Change in Net Assets
$1,313,274
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,346,561
Salaries, Compensation, and Employee Benefits$2,352,150
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,237,845$102,038-$1,339,883
Depreciation Depletion$587,530$456,643-$1,044,173
Fees for Services Other$736,668$130,000-$866,668
Interest$334,961$446,773-$781,734
Current Officers, Directors, Trustees, and Key Employees$671,400$74,600-$746,000
Occupancy$263,697--$263,697
Payroll Taxes$124,052$10,296-$134,348
Other Employee Benefits$132,802$-883-$131,919
Office Expenses$100,814$8,707-$109,521
Insurance-$90,120-$90,120
Other Expenses$36,495$6,440-$42,935
Total Functional Expenses$4,362,395$1,336,316$0$5,698,711
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use Liability$1,095,812
Due to Asa2$629,493
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form made available to board members and reviewed at board meeting.

Form 990, Part VI, Section B, Line 12C

During board meetings, policy is reviewed.

Form 990, Part VI, Section B, Line 15

Approval during board meetings.

Form 990, Part VI, Section C, Line 19

By-laws posted on broward county website with charter application. Financials posted on school's website.

Filing and Contact Details

Filer

Filer Name
Academic Solutions Academy Inc
EIN
45-4667306
Phone
9545726600
Address
10044 NW 31 STREET, CORAL SPRINGS, FL 33065

Signing Officer

Name
Andrew Kinlock
Title
Executive Director
Phone
9545726600
Signed
2025-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Kinlock
Formed
2012
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
36
Volunteers
0

Preparer

Firm
Verdeja & Alvarez Llp
Address
255 ALHAMBRA CIR STE 630, CORAL GABLES, FL 33134-7417
Preparer
Octavio a Verdeja
Phone
3054463177
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional fees: program service expenses 736,668. Management and general expenses 130,000. Fundraising expenses 0. Total expenses 866,668.

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IRS990ScheduleA/PublicSupportPY170Pct00.99960
IRS990ScheduleA/PublicSupportTotal170Amt020328777
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt06952144
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt04745126
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03190813
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03089439
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02351255
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt020328777
IRS990ScheduleA/TotalSupportAmt020395693
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05027250
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0472750
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05500000
IRS990ScheduleD/EquipmentGrp/BookValueAmt0346352
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0396966
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0743318
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01722054
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0232068
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01954122
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0108748
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1875409
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2325437
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RIGHT OF USE ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE FROM CORPORATE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01095812
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1629493
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RIGHT OF USE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO ASA2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07095656
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01309594
IRS990ScheduleD/TotalLiabilityAmt01725305
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH BROADCAST MEDIA AND ITS WEBSITE. THE NOTICE IS PUBLISHED ON STUDENT BROCHURES AND STUDENT APPLICATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0375000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1371000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ANDREW KINLOCK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1MEERA GAUTAM PATEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRINCIPAL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VP OF BUSINESS DEV.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0375000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1371000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM MADE AVAILABLE TO BOARD MEMBERS AND REVIEWED AT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DURING BOARD MEETINGS, POLICY IS REVIEWED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2APPROVAL DURING BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BY-LAWS POSTED ON BROWARD COUNTY WEBSITE WITH CHARTER APPLICATION. FINANCIALS POSTED ON SCHOOL'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 736,668. MANAGEMENT AND GENERAL EXPENSES 130,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 866,668.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt011511765
IRS990/TotalAssetsEOYAmt012939955
IRS990/TotalAssetsGrp/BOYAmt011511765
IRS990/TotalAssetsGrp/EOYAmt012939955
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt036
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01336316
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04362395
IRS990/TotalFunctionalExpensesGrp/TotalAmt05698711
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09927840
IRS990/TotalLiabilitiesEOYAmt010042756
IRS990/TotalLiabilitiesGrp/BOYAmt09927840
IRS990/TotalLiabilitiesGrp/EOYAmt010042756
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01583925
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02897199
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt04362395
IRS990/TotalProgramServiceRevenueAmt06952144
IRS990/TotalReportableCompFromOrgAmt0746000
IRS990/TotalRevenueGrp/ExclusionAmt031133
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06980852

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