Civic Intelligence

Florida Futures Academy Charter Schools Inc

EIN 47-1294310 • 501(c)3 • West Palm Beach, FL

Profile

To operate a charter school for high school students. The school had 128 students during the year.

1760 N Congress AvenueWest Palm Beach, FL 33409

n/A

Siviq Scores

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

Liabilities / Assets

54th percentile

0.09x

Higher debt load relative to assets than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.08x

Higher debt load relative to revenue than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

82nd percentile

32%

Higher net margin than 82% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

69th percentile

$106,252

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

81st percentile

22%

Faster asset growth than 81% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

75th percentile

30%

Faster revenue growth than 75% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,556,814

Up $285,783 (+22%) from 2023

Liabilities

Down

$135,312

Down $265,927 (-66%) from 2023

Net Assets

Up

$1,421,502

Up $551,710 (+63%) from 2023

Revenue

Up

$1,699,311

Up $394,903 (+30%) from 2023

Expenses

Up

$1,147,600

Up $41,927 (+3.8%) from 2023

Net Income

Up

$551,711

Up $352,976 (+178%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2016: $187,868Liabilities 2016: $317,572Net Assets 2016: -$129,7042016Assets 2017: $199,209Liabilities 2017: $278,818Net Assets 2017: -$79,6092017Assets 2020: $413,163Liabilities 2020: $186,543Net Assets 2020: $226,6202020Assets 2021: $578,284Liabilities 2021: $175,891Net Assets 2021: $402,3932021Assets 2022: $833,905Liabilities 2022: $162,848Net Assets 2022: $671,0572022Assets 2023: $1,271,031Liabilities 2023: $401,239Net Assets 2023: $869,7922023Assets 2024: $1,556,814Liabilities 2024: $135,312Net Assets 2024: $1,421,5022024

Highlighted filing

2024

Assets$1,556,814
Liabilities$135,312
Net Assets$1,421,502

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2016: $1,139,150Expenses 2016: $1,184,730Net Income 2016: -$45,5802016Revenue 2017: $962,401Expenses 2017: $1,022,781Net Income 2017: -$60,3802017Revenue 2020: $1,078,252Expenses 2020: $945,383Net Income 2020: $132,8692020Revenue 2021: $1,145,838Expenses 2021: $973,703Net Income 2021: $172,1352021Revenue 2022: $1,293,976Expenses 2022: $1,015,820Net Income 2022: $278,1562022Revenue 2023: $1,304,408Expenses 2023: $1,105,673Net Income 2023: $198,7352023Revenue 2024: $1,699,311Expenses 2024: $1,147,600Net Income 2024: $551,7112024

Highlighted filing

2024

Revenue$1,699,311
Expenses$1,147,600
Net Income$551,711

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 1, 2023
Return Version
2021v4.1
Gross Receipts
$1,293,976
Mission and Program Overview

Mission

To operate a charter school for high school students. The school had 128 students during the year.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$424,679$694,713▲ $270,034
Land, Buildings, and Equipment, Net$40,615$25,860▼ $14,755
Pledges and Grants Receivable$6,683$7,025▲ $342
Total Assets$578,284$833,905▲ $255,621
Other Assets Total$106,307$106,307→ $0
Liabilities
Unsecured Notes Loans Payable$166,000$154,000▼ $12,000
Other Liabilities$9,523$8,848▼ $675
Accounts Payable and Accrued Expenses$368--
Total Liabilities$175,891$162,848▼ $13,043
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$402,393$671,057▲ $268,664
Total Net Assets Fund Balance$402,393$671,057▲ $268,664
Total Liabilities and Net Assets / Fund Balance$578,284$833,905▲ $255,621

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,641$110,519$128,160
Leasehold Improvements$8,219$4,266$12,485
Land$0--
Other Assets Org$106,307--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carolyn TaylorPrincipalFT$95,000$95,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,293,976
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,293,976
Change in Net Assets
$278,156

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,293,976
Total Revenue per Audited Statements
$1,293,976
Total Revenue per Form 990
$1,293,976
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$658,802
Salaries, Compensation, and Employee Benefits$357,018
Total Fundraising Expense$5
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$414,815$0$0$414,815
Other Salaries and Wages$156,468$150,575$0$307,043
Fees for Services Other$36,053$17,029$0$53,082
Other Employee Benefits$21,310$4,794$0$26,104
Payroll Taxes$12,513$11,358$0$23,871
Other Expenses$14,198$0$0$14,198
Travel$8,900$0$0$8,900
Office Expenses$1,559$4,239$0$5,798
Depreciation Depletion$5,264$0$0$5,264
Conferences and Meetings$321$0$0$321
Information Technology$25$5$5$35
Total Functional Expenses$827,620$188,195$5$1,015,820

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,025,312
Expenses per Audited Statements$1,015,820
Total Expenses per Form 990$1,015,820
Expenses Not Reported on Form 990$9,492
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
Salaries and Wages Payable$8,848
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Florida Futures Academy Charter Schools Inc
EIN
47-1294310
Phone
5612150933
Address
1760 N CONGRESS AVENUE, WEST PALM BEACH, FL 33409

Signing Officer

Name
Henry Digiacinto
Title
Board Chairman
Phone
5612150933
Signed
2023-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Henry Digiacinto
Formed
2014
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
10
Volunteers
10

Preparer

Firm
Mark Escoffery Pa
Address
8645 N MILITARY TRAIL STE 503, PALM BEACH GARDENS, FL 33410
Preparer
Mark Escoffery
Phone
5616271404
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The school provides a copy of the tax return to board members

Pt VI, Line 15B

The board reviews salaries of key employees in other schools to determine compensation.

Pt VI, Line 15A

The board reviews salaries of management officials in silmilar organizations.

Pt XI

Difference book and tax depreciation

Financial Statement Notes

Pt XII, Line 2D

Difference between book and tax depreciation

Raw XML Appendix377 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.

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IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 4d
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS SALARIES OF MANAGEMENT OFFICIALS IN SILMILAR ORGANIZATIONS.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt XI
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0578284
IRS990/TotalAssetsEOYAmt0833905
IRS990/TotalAssetsGrp/BOYAmt0578284
IRS990/TotalAssetsGrp/EOYAmt0833905
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01293976
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0188195
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0827620
IRS990/TotalFunctionalExpensesGrp/TotalAmt01015820
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0175891
IRS990/TotalLiabilitiesEOYAmt0162848
IRS990/TotalLiabilitiesGrp/BOYAmt0175891
IRS990/TotalLiabilitiesGrp/EOYAmt0162848
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0402393
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0671057
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0827620
IRS990/TotalReportableCompFromOrgAmt095000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01293976
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0578284
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0833905
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt08900
IRS990/TravelGrp/TotalAmt08900
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0166000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0154000
IRS990/USAddress/AddressLine1Txt01760 N Congress Ave
IRS990/USAddress/CityNm0West Palm Beach
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033409
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HENRY DIGIACINTO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum05612150933
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FLORIDA FUTURES ACADEMY CHARTER SCHOOLS INC
ReturnHeader/Filer/BusinessNameControlTxt0FLOR
ReturnHeader/Filer/EIN0471294310
ReturnHeader/Filer/PhoneNum05612150933
ReturnHeader/Filer/USAddress/AddressLine1Txt01760 N CONGRESS AVENUE
ReturnHeader/Filer/USAddress/CityNm0WEST PALM BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033409
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0650069490
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARK ESCOFFERY PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08645 N MILITARY TRAIL STE 503
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PALM BEACH GARDENS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033410
ReturnHeader/PreparerPersonGrp/PhoneNum05616271404
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mark Escoffery
ReturnHeader/ReturnTs02023-05-15T15:19:11-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0HENRY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DIGIACINTO
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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