Civic Intelligence

The Classical Academy of Sarasota Inc.

990 • Fiscal year 2017 • EIN 46-3754462

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 18, 2018

Organization ProfileWWW.TCASARASOTA.COM
8751 Fruitville RdSarasota, FL 34240

(941) 925-2153

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.32x

Higher debt load relative to assets than 72% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

52nd percentile

0.11x

Higher debt load relative to revenue than 52% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

73rd percentile

15%

Higher net margin than 73% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

1st percentile

-66%

Faster asset growth than 1% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

69th percentile

16%

Faster revenue growth than 69% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$603,500

Down $1,153,498 (-66%) from 2016

Net Assets

Up

$408,487

Up $233,612 (+134%) from 2016

Liabilities

Down

$195,013

Down $1,387,110 (-88%) from 2016

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin73rd percentile

Revenue

Up

$1,769,259

Up $242,583 (+16%) from 2016

Expenses

Up

$1,503,138

Up $3,524 (+0.2%) from 2016

Net Income

Up

$266,121

Up $239,059 (+883%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$15M$10M$5.0M$0Assets 2013: $9,399Liabilities 2013: $02013Assets 2014: $226,733Liabilities 2014: $0Net Assets 2014: $226,7332014Assets 2015: $393,173Liabilities 2015: $0Net Assets 2015: $393,1732015Assets 2016: $1,756,998Liabilities 2016: $1,582,123Net Assets 2016: $174,8752016Assets 2017: $603,500Liabilities 2017: $195,013Net Assets 2017: $408,4872017Assets 2018: $990,024Liabilities 2018: $591,287Net Assets 2018: $398,7372018Assets 2019: $1,039,702Liabilities 2019: $552,678Net Assets 2019: $487,0242019Assets 2020: $1,349,258Liabilities 2020: $694,827Net Assets 2020: $654,4312020Assets 2021: $2,883,515Liabilities 2021: $1,419,058Net Assets 2021: $1,464,4572021Assets 2022: $11,080,067Liabilities 2022: $6,412,419Net Assets 2022: $4,667,6482022Assets 2023: $10,086,123Liabilities 2023: $5,721,367Net Assets 2023: $4,364,7562023Assets 2024: $10,077,100Liabilities 2024: $4,558,422Net Assets 2024: $5,518,6782024

Highlighted filing

2017

Assets$603,500
Liabilities$195,013
Net Assets$408,487
Open 2017 Filing

Operations Trend

Revenue Growth69th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2013: $13,891Expenses 2013: $4,492Net Income 2013: $9,3992013Revenue 2014: $641,588Expenses 2014: $418,834Net Income 2014: $222,7542014Revenue 2015: $619,213Expenses 2015: $452,774Net Income 2015: $166,4392015Revenue 2016: $1,526,676Expenses 2016: $1,499,614Net Income 2016: $27,0622016Revenue 2017: $1,769,259Expenses 2017: $1,503,138Net Income 2017: $266,1212017Revenue 2018: $1,762,410Expenses 2018: $1,705,148Net Income 2018: $57,2622018Revenue 2019: $2,017,973Expenses 2019: $1,929,686Net Income 2019: $88,2872019Revenue 2020: $2,534,992Expenses 2020: $2,367,585Net Income 2020: $167,4072020Revenue 2021: $3,836,672Expenses 2021: $3,051,703Net Income 2021: $784,9692021Revenue 2022: $8,204,460Expenses 2022: $5,001,269Net Income 2022: $3,203,1912022Revenue 2023: $7,670,052Expenses 2023: $7,972,944Net Income 2023: -$302,8922023Revenue 2024: $10,652,724Expenses 2024: $9,498,802Net Income 2024: $1,153,9222024

Highlighted filing

2017

Revenue$1,769,259
Expenses$1,503,138
Net Income$266,121
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 18, 2018
Return Version
2016v3.0
Gross Receipts
$1,787,596
Mission and Program Overview

Mission

Developing the academic potential of each student through a rigorous content-rich, classical liberal arts education, while building in them a virtuous character.

Developing the academic potential and character of students through a classical liberal arts education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$227,737$263,346▲ $35,609
Land, Buildings, and Equipment, Net$179,321$167,732▼ $11,589
Savings and Temporary Cash Investments-$152,304-
Accounts Receivable$1,246,416$8,515▼ $1,237,901
Prepaid Expenses and Deferred Charges$34,024$2,604▼ $31,420
Other Notes and Loans Receivable, Net-$1,499-
Total Assets$1,756,998$603,500▼ $1,153,498
Other Assets Total$69,500$7,500▼ $62,000
Liabilities
Deferred Revenue$1,509,680$160,952▼ $1,348,728
Other Liabilities$56,358--
Accounts Payable and Accrued Expenses$16,085$34,061▲ $17,976
Total Liabilities$1,582,123$195,013▼ $1,387,110
Net Assets / Fund Balance
Unrestricted Net Assets$174,875$408,487▲ $233,612
Total Net Assets Fund Balance$174,875$408,487▲ $233,612
Total Liabilities and Net Assets / Fund Balance$1,756,998$603,500▼ $1,153,498

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$167,732$38,414$206,146
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
David SugarPresident
Harry LambroussisDirector
Wayne CarrSecretary
Joseph PengeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$246,976
Program Service Revenue
$1,512,026
Investment Income
$773
Other Revenue
$9,484
All Other Contributions
$193,474
Change in Net Assets
$266,121

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,769,259
Total Revenue per Audited Statements
$1,769,259
Total Revenue per Form 990
$1,769,259
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,183,245
Other Expenses$319,893
Total Fundraising Expense$22,965
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,078,608$27,602$13,915$1,120,125
Occupancy$129,784$14,420-$144,204
Current Officers, Directors, Trustees, and Key Employees$31,560$31,560-$63,120
Fees for Services Accounting$27,940$16,297$2,327$46,564
Depreciation Depletion$14,876$1,653-$16,529
Insurance$7,140$672$588$8,400
Office Expenses$6,942$718$319$7,979
Other Expenses$7,993$826$5,230$5,230
All Other Expenses$3,128$326$142$3,596
Advertising$1,011$104$52$1,167
Travel$531$55$24$610
Total Functional Expenses$1,385,940$94,233$22,965$1,503,138

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,503,138
Total Expenses per Audited Statements$1,503,138
Total Expenses per Form 990$1,503,138
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$26,250
Fundraising Direct Expenses$18,337
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Gala$79,752$26,250$18,337$7,913
Total Events$79,752$26,250$18,337$7,913
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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

“The board of directors are given the opportunity to review the return and obtain needed inforamtion from the preparer prior to filing. Any necessary changes are made before being approved by the board of directors.”

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

“Direcotrs and officers are required to disclose any conflicts of interest arising during the year. Directors regularly review the policy and make inquiries to ensure compliance.”

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

“The board of directors reviews and determines the salaries for the principal using comparability data and retains contemporaneous substantiation of the deliberation and decision making process.”

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

“The board of directors reviews and determines salaries for other officers or key employees using comparability data and retains contemporaneious substantiation of the deliberation and decision making process.”

Form 990, Page 6, Part VI, Line 19

“The organization makes all forms and governing documents available on request.”

Filing and Contact Details

Filer

Filer Name
The Classical Academy of
EIN
46-3754462
Phone
9419252153
Address
8751 FRUITVILLE RD, SARASOTA, FL 34240

Signing Officer

Name
David Sugar
Title
President
Phone
9419252153
Signed
2018-01-18

Organization Details

Principal Officer
David Sugar
Formed
2013
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
47
Volunteers
25

Preparer

Firm
Pellegrino Honick Mcfarland & Miller Pa
Address
1800 2ND ST STE 810, SARASOTA, FL 34236-5987
Preparer
Thomas V Pellegrino Jr
Phone
9413651172
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Prior period adj. -32,509”

Raw XML Appendix384 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt016085
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt034061
IRS990/AccountsReceivableGrp/BOYAmt01246416
IRS990/AccountsReceivableGrp/EOYAmt08515
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0DEVELOPING THE ACADEMIC POTENTIAL AND CHARACTER OF STUDENTS THROUGH A CLASSICAL LIBERAL ARTS EDUCATION.
IRS990/AdvertisingGrp/FundraisingAmt052
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0104
IRS990/AdvertisingGrp/ProgramServicesAmt01011
IRS990/AdvertisingGrp/TotalAmt01167
IRS990/AllOtherContributionsAmt0193474
IRS990/AllOtherExpensesGrp/FundraisingAmt0142
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0326
IRS990/AllOtherExpensesGrp/ProgramServicesAmt03128
IRS990/AllOtherExpensesGrp/TotalAmt03596
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0JOSEPH PENGE
IRS990/BooksInCareOfDetail/PhoneNum09419252153
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt08751 FRUITVILLE ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0SARASOTA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd034240
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0227737
IRS990/CashNonInterestBearingGrp/EOYAmt0263346
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt031560
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt031560
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt063120
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContriRptFundraisingEventAmt053502
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0246976
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0773
IRS990/CYOtherExpensesAmt0319893
IRS990/CYOtherRevenueAmt09484
IRS990/CYProgramServiceRevenueAmt01512026
IRS990/CYRevenuesLessExpensesAmt0266121
IRS990/CYSalariesCompEmpBnftPaidAmt01183245
IRS990/CYTotalExpensesAmt01503138
IRS990/CYTotalFundraisingExpenseAmt022965
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01769259
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt01509680
IRS990/DeferredRevenueGrp/EOYAmt0160952
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01653
IRS990/DepreciationDepletionGrp/ProgramServicesAmt014876
IRS990/DepreciationDepletionGrp/TotalAmt016529
IRS990/Desc0DEVELOPING HUNDREDS OF STUDENTS WHO ARE LOGICAL THINKERS, COHERENT WRITERS, CONFIDENT SPEAKERS, THOUGHTFUL LEADERS AND RESPONSIBLE VIRTUOUS CITIZENS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt047
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01385940
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt02327
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt016297
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt027940
IRS990/FeesForServicesAccountingGrp/TotalAmt046564
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt07.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt17.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt27.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt37.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0DAVID SUGAR
IRS990/Form990PartVIISectionAGrp/PersonNm1JOSEPH PENGE
IRS990/Form990PartVIISectionAGrp/PersonNm2WAYNE CARR
IRS990/Form990PartVIISectionAGrp/PersonNm3HARRY LAMBROUSSIS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt053502
IRS990/FundraisingDirectExpensesAmt018337
IRS990/FundraisingGrossIncomeAmt026250
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01787596
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt0588
IRS990/InsuranceGrp/ManagementAndGeneralAmt0672
IRS990/InsuranceGrp/ProgramServicesAmt07140
IRS990/InsuranceGrp/TotalAmt08400
IRS990/InvestmentIncomeGrp/ExclusionAmt0773
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0773
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt038414
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0179321
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0167732
IRS990/LandBldgEquipCostOrOtherBssAmt0206146
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0DEVELOPING THE ACADEMIC POTENTIAL OF EACH STUDENT THROUGH A RIGEROUS CONTENT-RICH, CLASSICAL LIBERAL ARTS EDUCATION, WHILE BUILDING IN THEM A VIRTUOUS CHARACTER.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0174875
IRS990/NetAssetsOrFundBalancesEOYAmt0408487
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt07913
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt014420
IRS990/OccupancyGrp/ProgramServicesAmt0129784
IRS990/OccupancyGrp/TotalAmt0144204
IRS990/OfficeExpensesGrp/FundraisingAmt0319
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0718
IRS990/OfficeExpensesGrp/ProgramServicesAmt06942
IRS990/OfficeExpensesGrp/TotalAmt07979
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt069500
IRS990/OtherAssetsTotalGrp/EOYAmt07500
IRS990/OtherChangesInNetAssetsAmt0-32509
IRS990/OtherExpensesGrp/Desc0STUDENT ACTIVITIES EXP
IRS990/OtherExpensesGrp/Desc1CLASSROOM SUPPLIES
IRS990/OtherExpensesGrp/Desc2TECHNOLOGY
IRS990/OtherExpensesGrp/Desc3OTHER EVENT EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt0368
IRS990/OtherExpensesGrp/FundraisingAmt15230
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0826
IRS990/OtherExpensesGrp/ProgramServicesAmt040909
IRS990/OtherExpensesGrp/ProgramServicesAmt135518
IRS990/OtherExpensesGrp/ProgramServicesAmt27993
IRS990/OtherExpensesGrp/TotalAmt040909
IRS990/OtherExpensesGrp/TotalAmt135518
IRS990/OtherExpensesGrp/TotalAmt29187
IRS990/OtherExpensesGrp/TotalAmt35230
IRS990/OtherLiabilitiesGrp/BOYAmt056358
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUSE INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01571
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01571
IRS990/OtherRevenueTotalAmt01571
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt013915
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt027602
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01078608
IRS990/OtherSalariesAndWagesGrp/TotalAmt01120125
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01499
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt034024
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02604
IRS990/PrincipalOfficerNm0DAVID SUGAR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER EVENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01458640
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt151396
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21990
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01458640
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt151396
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21990
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0111925
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt035
IRS990/PYOtherExpensesAmt0300426
IRS990/PYOtherRevenueAmt0703
IRS990/PYProgramServiceRevenueAmt01414013
IRS990/PYRevenuesLessExpensesAmt027062
IRS990/PYSalariesCompEmpBnftPaidAmt01199188
IRS990/PYTotalExpensesAmt01499614
IRS990/PYTotalRevenueAmt01526676
IRS990/ReconcilationRevenueExpnssAmt0266121
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01512026
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0152304
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt01503138
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0167732
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt038414
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0206146
IRS990ScheduleD/RevenueSubtotalAmt01769259
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0167732
IRS990ScheduleD/TotalExpensesPerForm990Amt01503138
IRS990ScheduleD/TotalRevenuePerForm990Amt01769259
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01769259
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01503138
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE CLASSICAL ACADEMY RUNS ADS IN LOCAL PRINT MEDIA OUTLINING IT'S NON-DISCRIMINATORY POLICIES.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES STUDENT ASSISTANCE FROM THE FLORIDA PROGRAMS "STEP UP FOR STUDENTS- AND THE JOHN MCKAY SCHLARSHIPS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt053502
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt053502
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt018337
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPRING GALA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt079752
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt079752
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt026250
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt026250
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt07913
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt018337
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt018337
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS ARE GIVEN THE OPPORTUNITY TO REVIEW THE RETURN AND OBTAIN NEEDED INFORAMTION FROM THE PREPARER PRIOR TO FILING. ANY NECESSARY CHANGES ARE MADE BEFORE BEING APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECOTRS AND OFFICERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST ARISING DURING THE YEAR. DIRECTORS REGULARLY REVIEW THE POLICY AND MAKE INQUIRIES TO ENSURE COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWS AND DETERMINES THE SALARIES FOR THE PRINCIPAL USING COMPARABILITY DATA AND RETAINS CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION MAKING PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEWS AND DETERMINES SALARIES FOR OTHER OFFICERS OR KEY EMPLOYEES USING COMPARABILITY DATA AND RETAINS CONTEMPORANEIOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION MAKING PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ALL FORMS AND GOVERNING DOCUMENTS AVAILABLE ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PRIOR PERIOD ADJ. -32,509
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01756998
IRS990/TotalAssetsEOYAmt0603500
IRS990/TotalAssetsGrp/BOYAmt01756998
IRS990/TotalAssetsGrp/EOYAmt0603500
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0246976
IRS990/TotalEmployeeCnt047
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt022965
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt094233
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01385940
IRS990/TotalFunctionalExpensesGrp/TotalAmt01503138
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01582123
IRS990/TotalLiabilitiesEOYAmt0195013
IRS990/TotalLiabilitiesGrp/BOYAmt01582123
IRS990/TotalLiabilitiesGrp/EOYAmt0195013
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0174875
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0408487
IRS990/TotalProgramServiceExpensesAmt01385940
IRS990/TotalProgramServiceRevenueAmt01512026
IRS990/TotalRevenueGrp/ExclusionAmt0773
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01513597
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01769259
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01756998
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0603500
IRS990/TravelGrp/FundraisingAmt024
IRS990/TravelGrp/ManagementAndGeneralAmt055
IRS990/TravelGrp/ProgramServicesAmt0531
IRS990/TravelGrp/TotalAmt0610
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0174875
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0408487
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID SUGAR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09419252153
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-01-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE CLASSICAL ACADEMY OF
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0SARASOTA INC
ReturnHeader/Filer/BusinessNameControlTxt0CLAS
ReturnHeader/Filer/EIN0463754462
ReturnHeader/Filer/PhoneNum09419252153
ReturnHeader/Filer/USAddress/AddressLine1Txt08751 FRUITVILLE RD
ReturnHeader/Filer/USAddress/CityNm0SARASOTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd034240
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId059F3E791A73E2B9452DF82396DEBD5A040B9811E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0CB5C29E1C86E7DE602364363221E59673C8B6EFF
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0650344872
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PELLEGRINO HONICK MCFARLAND & MILLER PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01800 2ND ST STE 810
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SARASOTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0342365987
ReturnHeader/PreparerPersonGrp/PhoneNum09413651172
ReturnHeader/PreparerPersonGrp/PreparationDt02018-01-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS V PELLEGRINO JR
ReturnHeader/ReturnTs02018-01-31T16:28:31-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$603,500
Liabilities
$195,013
Net assets
$408,487
Revenue
$1,769,259
Expenses
$1,503,138
Net income
$266,121
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$4.56$5.52$10.7$9.50$1.15
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$5.72$4.36$7.67$7.97$0.30
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.1$6.41$4.67$8.20$5.00$3.20
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.88$1.42$1.46$3.84$3.05$0.78
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$0.69$0.65$2.53$2.37$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.04$0.55$0.49$2.02$1.93$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.99$0.59$0.40$1.76$1.71$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.60$0.20$0.41$1.77$1.50$0.27
2016Detailed filing. Detailed filing data is available for this year.$1.76$1.58$0.17$1.53$1.50$0.03
2015Summary only. Only limited summary data is available for this year.$0.39$0.00$0.39$0.62$0.45$0.17
2014Summary only. Only limited summary data is available for this year.$0.23$0.00$0.23$0.64$0.42$0.22
2013Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$0.00$0.01
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $1M-$5M nonprofits