Civic Intelligence

Mason Classical Academy Inc

EIN 46-0792829 • 501(c)3 • Naples, FL

Profile

Mason classical academy is a charter school dedicated to a classical education to promote superior educational results.

3073 South Horseshoe Drive Ste 104Naples, FL 34104

www.masonclassicalacademy.org

Siviq Scores

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

Liabilities / Assets

79th percentile

0.58x

Higher debt load relative to assets than 79% of similar nonprofits.

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

Liabilities / Revenue

75th percentile

0.70x

Higher debt load relative to revenue than 75% of similar nonprofits.

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

Net Margin

73rd percentile

19%

Higher net margin than 73% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

54th percentile

6.2%

Faster asset growth than 54% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

76th percentile

25%

Faster revenue growth than 76% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Assets

Up

$23,332,444

Up $2,487,905 (+12%) from 2023

Liabilities

Down

$13,514,381

Down $1,265,752 (-8.6%) from 2023

Net Assets

Up

$9,818,063

Up $3,753,657 (+62%) from 2023

Revenue

Up

$19,386,338

Up $3,042,043 (+19%) from 2023

Expenses

Up

$15,632,681

Up $99,228 (+0.6%) from 2023

Net Income

Up

$3,753,657

Up $2,942,815 (+363%) from 2023

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2014: $368,496Liabilities 2014: $400,000Net Assets 2014: -$31,5042014Assets 2015: $1,055,746Liabilities 2015: $732,413Net Assets 2015: $323,3332015Assets 2016: $4,090,298Liabilities 2016: $2,986,694Net Assets 2016: $1,103,6042016Assets 2017: $5,182,488Liabilities 2017: $3,533,359Net Assets 2017: $1,649,1292017Assets 2018: $5,924,008Liabilities 2018: $2,347,096Net Assets 2018: $3,576,9122018Assets 2019: $5,731,155Liabilities 2019: $1,767,978Net Assets 2019: $3,963,1772019Assets 2020: $6,330,188Liabilities 2020: $2,588,595Net Assets 2020: $3,741,5932020Assets 2021: $15,725,925Liabilities 2021: $11,081,042Net Assets 2021: $4,644,8832021Assets 2022: $20,687,342Liabilities 2022: $15,433,778Net Assets 2022: $5,253,5642022Assets 2023: $20,844,539Liabilities 2023: $14,780,133Net Assets 2023: $6,064,4062023Assets 2024: $23,332,444Liabilities 2024: $13,514,381Net Assets 2024: $9,818,0632024

Highlighted filing

2024

Assets$23,332,444
Liabilities$13,514,381
Net Assets$9,818,063

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2014: $24,847Expenses 2014: $140,674Net Income 2014: -$115,8272014Revenue 2015: $3,201,907Expenses 2015: $2,855,270Net Income 2015: $346,6372015Revenue 2016: $5,167,651Expenses 2016: $4,387,380Net Income 2016: $780,2712016Revenue 2017: $6,660,021Expenses 2017: $6,114,496Net Income 2017: $545,5252017Revenue 2018: $8,476,627Expenses 2018: $6,548,844Net Income 2018: $1,927,7832018Revenue 2019: $7,592,691Expenses 2019: $7,206,426Net Income 2019: $386,2652019Revenue 2020: $7,812,780Expenses 2020: $8,034,364Net Income 2020: -$221,5842020Revenue 2021: $9,222,763Expenses 2021: $8,319,473Net Income 2021: $903,2902021Revenue 2022: $12,380,524Expenses 2022: $11,771,843Net Income 2022: $608,6812022Revenue 2023: $16,344,295Expenses 2023: $15,533,453Net Income 2023: $810,8422023Revenue 2024: $19,386,338Expenses 2024: $15,632,681Net Income 2024: $3,753,6572024

Highlighted filing

2024

Revenue$19,386,338
Expenses$15,632,681
Net Income$3,753,657

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 9, 2024
Return Version
2023v6.0
Gross Receipts
$19,386,338
Mission and Program Overview

Mission

Mason classical academy is a charter school dedicated to a classical education to promote superior educational results.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$17,169,258$17,761,499▲ $592,241
Pd in Cap Srpls Land Bldg Eqp Fund$4,699,575$5,839,939▲ $1,140,364
Cash and Non-Interest-Bearing Accounts$2,249,256$4,411,452▲ $2,162,196
Rtn Earn Endowment Incm Other Fnds$1,364,831$3,978,124▲ $2,613,293
Prepaid Expenses and Deferred Charges$120,000$506,487▲ $386,487
Total Assets$20,844,539$23,332,444▲ $2,487,905
Other Assets Total$1,306,025$653,006▼ $653,019
Liabilities
Unsecured Notes Loans Payable$551,218$11,921,560▲ $11,370,342
Mortgage Notes Payable Secured by Investment Property$11,918,465--
Accounts Payable and Accrued Expenses$1,004,432$918,334▼ $86,098
Other Liabilities$1,306,018$674,487▼ $631,531
Total Liabilities$14,780,133$13,514,381▼ $1,265,752
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,064,406$9,818,063▲ $3,753,657
Total Liabilities and Net Assets / Fund Balance$20,844,539$23,332,444▲ $2,487,905

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,568,441$785,720$11,354,161
Leasehold Improvements$1,759,250$2,756,682$4,515,932
Land$4,000,000-$4,000,000
Other Land Buildings$1,129,059-$1,129,059
Equipment$304,749$659,754$964,503
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David HullExecutive DiFT$180,000$32,730$212,730
David HullExecutive Director-$180,000$32,730$212,730
John DemasiPrincipalFT$120,000$31,789$151,789

Board Members and Trustees

NameTitle
Kelly LichterPresident
Laura Miller MlinarichBoard Member
Pearline FosterBoard Member
Natalie EppersonSecretary
David BolducTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$975,875
Program Service Revenue
$17,301,672
Investment Income
$0
Other Revenue
$1,108,791
Change in Net Assets
$3,753,657

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,386,338
Total Revenue per Audited Statements
$19,386,338
Total Revenue per Form 990
$19,386,338
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,721,183
Other Expenses$5,911,498
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,730,362$373,341-$8,103,703
All Other Expenses$969,486$106,462-$1,075,948
Depreciation Depletion$643,440$143,710-$787,150
Other Employee Benefits$724,375$46,577-$770,952
Payroll Taxes$598,396$38,838-$637,234
Interest$379,066$94,767-$473,833
Other Expenses$438,997$130,601-$438,997
Insurance$350,315$87,579-$437,894
Office Expenses$273,506$5,885-$279,391
Occupancy$209,947$52,486-$262,433
Pension Plan Contributions$195,924$13,370-$209,294
Travel$92,020--$92,020
Fees for Services Management$51,087--$51,087
Total Functional Expenses$14,292,025$1,340,656$0$15,632,681

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$15,632,681
Total Expenses per Audited Statements$15,632,681
Total Expenses per Form 990$15,632,681
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
Obligation Under Lease$674,487
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
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, Page 6, Part VI, Line 11B

A copy of the form 990 is given to the board of directors for review prior to filing.

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

Any conflict of interest that may arise is first discussed amongst the board of governance and if conflict is not resolved, it is reported in the annual accountability report to the doe.

Form 990, Page 6, Part VI, Line 15A

Compensation for the ceo, executive director, or top management officials is discussed amongst the board of directors and is approved after reviewing comparability data.

Form 990, Page 6, Part VI, Line 15B

Compensation for the key employees is discussed amongst the board of directors and is approved after reviewing comparability data.

Form 990, Page 6, Part VI, Line 19

Documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Mason Classical Academy Inc
EIN
46-0792829
Phone
2392272838
Address
3073 SOUTH HORSESHOE DRIVE STE 104, NAPLES, FL 34104

Signing Officer

Name
David Hull
Title
Executive Director
Phone
2392272838
Signed
2024-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Hull
Formed
2012
Voting Board Members
5
Independent Board Members
5
Employees
203
Volunteers
80

Preparer

Firm
Mccrady & Associates Pllc
Address
107 WATER OAK LN, ALTAMONTE SPRINGS, FL 32714
Preparer
Stacy Mccrady
Phone
4079604429
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The school qualifies as a tax-exempt organization under internal revenue code section 501(c)(3), and is therefore, exempt from income taxes. Accordingly, no tax provision has been made in the accompanying financial statements. Additionally, no uncertain tax positions have been made requiring disclosure in the related notes to the financial statements. The schools income tax return for the past three years are subject to examination by tax authorities, and may change upon examination.

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IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0304749
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0659754
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04000000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01759250
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02756682
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04515932
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01129059
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01129059
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0674487
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OBLIGATION UNDER LEASE
IRS990ScheduleD/RevenueSubtotalAmt019386338
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3), AND IS THEREFORE, EXEMPT FROM INCOME TAXES. ACCORDINGLY, NO TAX PROVISION HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. ADDITIONALLY, NO UNCERTAIN TAX POSITIONS HAVE BEEN MADE REQUIRING DISCLOSURE IN THE RELATED NOTES TO THE FINANCIAL STATEMENTS. THE SCHOOLS INCOME TAX RETURN FOR THE PAST THREE YEARS ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES, AND MAY CHANGE UPON EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalExpensesPerForm990Amt015632681
IRS990ScheduleD/TotalLiabilityAmt0674487
IRS990ScheduleD/TotalRevenuePerForm990Amt019386338
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt019386338
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt015632681
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH BROCHURES, NEWSLETTERS, LOCAL NEIGHBORHOOD EVENTS, NEWSPAPERS, OPEN HOUSES AND VIDEOS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1REVENUES ARE RECEIVED FROM THE FLORIDA DEPARTMENT OF EDUCATION UNDER THE FLORIDA EDUCATION FINANCE PROGRAM. THE AMOUNT RECEIVED IS BASED UPON THE NUMBER OF WEIGHTED FULL-TIME EQUIVALENT STUDENTS REPORTED BY THE SCHOOL DURING THE SURVEY PERIOD.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0180000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1120000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt032730
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt131789
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DAVID HULL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JOHN DEMASI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1PRINCIPAL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0212730
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1151789
IRS990ScheduleJ/SeverancePaymentInd0false
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS GIVEN TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY CONFLICT OF INTEREST THAT MAY ARISE IS FIRST DISCUSSED AMONGST THE BOARD OF GOVERNANCE AND IF CONFLICT IS NOT RESOLVED, IT IS REPORTED IN THE ANNUAL ACCOUNTABILITY REPORT TO THE DOE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR THE CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIALS IS DISCUSSED AMONGST THE BOARD OF DIRECTORS AND IS APPROVED AFTER REVIEWING COMPARABILITY DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION FOR THE KEY EMPLOYEES IS DISCUSSED AMONGST THE BOARD OF DIRECTORS AND IS APPROVED AFTER REVIEWING COMPARABILITY DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SCHOOL BOARD OF COLLIER COUNTY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0GOVT
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOL BOA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt06
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt05775 OSCEOLA TRAIL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NAPLES
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IRS990/SchoolOperatingInd0true
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IRS990/TotalContributionsAmt0975875
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01340656
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt014292025

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