Civic Intelligence

The Master'S Academy of Central Florida Inc

990 • Fiscal year 2015 • EIN 59-2663620

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 28, 2016

1500 Lukas LaneOviedo, FL 32765

(407) 971-2221

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.01x

Higher debt load relative to assets than 93% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

83rd percentile

1.33x

Higher debt load relative to revenue than 83% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

21st percentile

-4.5%

Higher net margin than 21% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

81st percentile

$319,241

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

41st percentile

-0.5%

Faster asset growth than 41% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

33rd percentile

-1.6%

Faster revenue growth than 33% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Down

$14,981,812

Down $80,256 (-0.5%) from 2014

Net Assets

Down

-$118,365

Down $837,525 (-116%) from 2014

Liabilities

Up

$15,100,177

Up $757,269 (+5.3%) from 2014

Revenue

Down

$11,369,477

Down $186,707 (-1.6%) from 2014

Expenses

Up

$11,880,013

Up $1,922,929 (+19%) from 2014

Net Income

Down

-$510,536

Down $2,109,636 (-132%) from 2014

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2010: $23,711,434Liabilities 2010: $17,884,329Net Assets 2010: $5,827,1052010Assets 2011: $23,582,933Liabilities 2011: $17,593,488Net Assets 2011: $5,989,4452011Assets 2012: $23,514,136Liabilities 2012: $17,419,757Net Assets 2012: $6,094,3792012Assets 2013: $15,813,752Liabilities 2013: $16,812,375Net Assets 2013: -$998,6232013Assets 2014: $15,062,068Liabilities 2014: $14,342,908Net Assets 2014: $719,1602014Assets 2015: $14,981,812Liabilities 2015: $15,100,177Net Assets 2015: -$118,3652015Assets 2016: $27,299,827Liabilities 2016: $23,656,559Net Assets 2016: $3,643,2682016Assets 2017: $25,311,491Liabilities 2017: $21,512,511Net Assets 2017: $3,798,9802017Assets 2018: $26,105,260Liabilities 2018: $20,245,716Net Assets 2018: $5,859,5442018Assets 2019: $27,710,570Liabilities 2019: $20,285,055Net Assets 2019: $7,425,5152019Assets 2020: $26,511,377Liabilities 2020: $19,925,388Net Assets 2020: $6,585,9892020Assets 2021: $24,889,126Liabilities 2021: $19,134,696Net Assets 2021: $5,754,4302021Assets 2022: $26,482,967Liabilities 2022: $17,382,632Net Assets 2022: $9,100,3352022Assets 2023: $25,998,417Liabilities 2023: $16,548,625Net Assets 2023: $9,449,7922023Assets 2024: $26,153,720Liabilities 2024: $15,654,403Net Assets 2024: $10,499,3172024Assets 2025: $25,967,622Liabilities 2025: $14,704,674Net Assets 2025: $11,262,9482025

Highlighted filing

2015

Assets$14,981,812
Liabilities$15,100,177
Net Assets-$118,365

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $7,662,2592010Revenue 2011: $8,604,861Expenses 2011: $8,442,521Net Income 2011: $162,3402011Expenses 2012: $8,954,8042012Expenses 2013: $16,853,3152013Revenue 2014: $11,556,184Expenses 2014: $9,957,084Net Income 2014: $1,599,1002014Revenue 2015: $11,369,477Expenses 2015: $11,880,013Net Income 2015: -$510,5362015Revenue 2016: $18,209,893Expenses 2016: $17,176,931Net Income 2016: $1,032,9622016Revenue 2017: $14,123,499Expenses 2017: $14,849,196Net Income 2017: -$725,6972017Revenue 2018: $14,200,023Expenses 2018: $12,692,774Net Income 2018: $1,507,2492018Revenue 2019: $15,764,125Expenses 2019: $13,563,050Net Income 2019: $2,201,0752019Revenue 2020: $15,896,410Expenses 2020: $14,069,264Net Income 2020: $1,827,1462020Revenue 2021: $15,280,881Expenses 2021: $16,358,379Net Income 2021: -$1,077,4982021Revenue 2022: $18,246,673Expenses 2022: $16,610,482Net Income 2022: $1,636,1912022Revenue 2023: $19,059,856Expenses 2023: $19,212,874Net Income 2023: -$153,0182023Revenue 2024: $20,713,896Expenses 2024: $19,906,856Net Income 2024: $807,0402024Revenue 2025: $21,814,947Expenses 2025: $20,043,024Net Income 2025: $1,771,9232025

Highlighted filing

2015

Revenue$11,369,477
Expenses$11,880,013
Net Income-$510,536
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 28, 2016
Return Version
2014v6.0
Gross Receipts
$11,713,882
Mission and Program Overview

Mission

Operation of a non-profit Christian preschool, elementary, and secondary school.

Operation of a non-profit Christian elementary and secondary school pursuing spiritual and academic excellence with Christian families by going the second mile.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,509,170$1,322,718▼ $186,452
Cash and Non-Interest-Bearing Accounts$643,999$1,125,049▲ $481,050
Accounts Receivable$130,864$204,140▲ $73,276
Inventories for Sale or Use$93,406$83,500▼ $9,906
Prepaid Expenses and Deferred Charges$98,609$61,086▼ $37,523
Total Assets$15,062,068$14,981,812▼ $80,256
Other Assets Total$12,586,020$12,185,319▼ $400,701
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,943,200$11,590,919▲ $647,719
Deferred Revenue$2,684,372$2,733,805▲ $49,433
Accounts Payable and Accrued Expenses$455,147$508,475▲ $53,328
Other Liabilities$260,189$266,978▲ $6,789
Total Liabilities$14,342,908$15,100,177▲ $757,269
Net Assets / Fund Balance
Temporarily Rstr Net Assets$13,838$0▼ $13,838
Unrestricted Net Assets$705,322$-118,365▼ $823,687
Total Net Assets Fund Balance$719,160$-118,365▼ $837,525
Total Liabilities and Net Assets / Fund Balance$15,062,068$14,981,812▼ $80,256

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$858,225$2,401,554$3,259,779
Other Land Buildings$464,493$437,792$902,285
Other Assets Org$63,420--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$1,000,000-▲ $18,155$18,155$1,000,000
2013$1,000,000$0▲ $16,959$16,959$1,000,000
2012$1,000,000$1,000,000▲ $10,938$10,938$1,000,000
2011$1,000,000$0▲ $15,342$15,342$1,000,000
2010$1,000,000$0▲ $14,178$14,178$1,000,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr William HarrisPresidentFT$245,309$73,932$319,241
Dr Mitchell SalernoSuperintendentFT$160,058$35,595$195,653

Board Members and Trustees

NameTitle
Charles M ArmstrongChairman/Director
Trey LewisFormer Chairman/Director
William T AndersenVice Chairman/Director
Mitchell UrianSecretary/Director
Timothy PursleyTreasurer/Director
Revenue and Support

Revenue Composition

Contributions and Grants
$293,034
Program Service Revenue
$11,076,411
Investment Income
$-64,459
Other Revenue
$64,491
All Other Contributions
$270,813
Change in Net Assets
$-510,536

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Clothing and Household Goods-$255,623Fair Market Value
Books and Publications-$3,953Fair Market Value
Works of Art26$881Fair Market Value
Total Noncash Contributions26$260,457-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,162,538
Other Expenses$3,978,731
Grants and Similar Amounts Paid$1,738,744
Total Fundraising Expense$11,124
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,128,213$1,036,900-$4,165,113
Grants to Domestic Orgs$1,583,760--$1,583,760
Other Employee Benefits$929,333$90,203-$1,019,536
Occupancy$599,531$383,752-$983,283
Depreciation Depletion$649,939$34,207-$684,146
Current Officers, Directors, Trustees, and Key Employees$372,018$124,006-$496,024
Payroll Taxes$250,800$68,983-$319,783
Interest$272,510$14,343-$286,853
Grants to Domestic Individuals$154,984--$154,984
Pension Plan Contributions$114,358--$114,358
Office Expenses$97,650$11,841-$109,491
Insurance$57,216$50,939-$108,155
Travel$63,265$13,096-$76,361
Information Technology$2,667$57,332-$59,999
Comp Disqual Persons$35,843$11,881-$47,724
Other Expenses$37,122$221,714$3,840$37,122
Fees for Services Legal-$30,683-$30,683
Advertising$20,412-$7,284$27,696
Fees for Services Accounting-$27,229-$27,229
All Other Expenses$18,414$7,801-$26,215
Total Functional Expenses$9,683,979$2,184,910$11,124$11,880,013
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
TMA Properties Foundation IncOviedo, FL501(c)(3)Building design and construction$833,760
TMA Heritage Foundation IncOviedo, FL501(c)(3)Investment of non-operating funds$750,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$31,186
Fundraising Direct Expenses$17,392
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$19,510$14,665$345$14,320
Spirit Wear Fundraiser$11,046$11,046$7,599$3,447
Total Events$36,031$31,186$17,392$13,794
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Kaitlyn HarrisFamily member of Dr. Harris (officer)Reasonable and customary compensation for services performed.No$21,422
Cynthia HarrisFamily member of Dr. Harris (officer)Reasonable and customary compensation paid for services performed.No$21,308
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Rate Swap Contract$266,978

Bond Issues

BondIssuerIssuedIssue PricePurpose
ASeminole County Industrial Development Authority2015-06-19$19,000,000See Part VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$19,000,000$10,924,374-$198,132

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
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 family members
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

The Academy's top management official and top financial official each review the Form 990 prior to its filing with the IRS. A copy of the final Form 990 is also provided to the voting members of the Academy's governing body prior to its filing with the IRS.

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

The Academy's conflict of interest policy is distributed to each member of the Academy's governing body, its officers and its key employees on an annual basis. Each such individual provides an annual disclosure statement indicating that they have received, read, understood and agreed to comply with the policy, certifying that: (1) they have no relationships or interests that present a conflict of interest, (2) they have one or more conflicts of interest that have been fully disclosed as required by the policy and have been properly administered in conformity with the policy, or (3) they have previously undisclosed conflicts of interest and disclosing the details of such conflicts. Any disclosure statements with previously undisclosed conflicts of interest are forwarded to appropriate Academy officials to take appropriate actions as required by the policy.

Form 990, Part VI, Section B, line 15

The Academy has adopted an executive compensation setting policy applicable to all disqualified persons, including the Academy's President, officers and key employees. Under the policy, the Board of Directors reviews and approves the compensation levels of all individuals subject to the policy. The deliberations and decisions of the Board are contemporaneously substantiated. The Board utilizes comparability data in its deliberations; updated comparability data is generally obtained every two to three years.

Form 990, Part VI, Section C, line 19

The Academy's Articles of Incorporation are publicly available online. The Academy's bylaws, conflicts of interest policy, and other policies are provided to those responsible for complying with them.

Filing and Contact Details

Filer

Filer Name
The Master's Academy of Central Florida Inc
EIN
59-2663620
Phone
4079712221
Address
1500 Lukas Lane, Oviedo, FL 32765

Signing Officer

Name
Dr William Harris
Title
President
Phone
4079712221
Signed
2016-01-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr William Harris
Formed
1986
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
240
Volunteers
200

Preparer

Firm
Batts Morrison Wales and Lee PA
Address
801 North Orange Avenue Suite 800, Orlando, FL 32801
Preparer
Julia W James
Phone
4077706000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Change in estimated fair value of interest rate swap contracts -326,989.

Form 990, Part XII, Line 2C

The Academy's Board of Directors, or a committee thereof, assumes responsibility for the oversight of the audit of its financial statements and the selection of an independent accountant. This process has not changed from the prior year.

Financial Statement Notes

Part V, Line 4:

The $1 Million Permanent Endowment was granted to TMA Heritage Foundation, Inc. in June 2013, and the amounts listed in the current and prior year include the amounts held by TMA Heritage Foundation, Inc. for the benefits, compensation, and resoures of the teaching faculty of the Academy.

Part X, Line 2:

The Academy is exempt from federal income tax under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3) and from state income tax pursuant to Florida law. The Academy is further classified as a public charity and not a private foundation for federal tax purposes. The Academy has not incurred unrelated business income taxes. As a result, no income tax provision or liability has been provided for in the accompanying financial statements. The Academy has not taken any material uncertain tax positions for which the associated tax benefits may not be recognized under U.S. GAAP. Federal and state tax authorities may generally examine the Academy's income tax positions or (if applicable) returns for periods of approximately three to six years.

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IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01583760
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01583760
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt011713882
IRS990/GrossSalesOfInventoryAmt0265571
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt057332
IRS990/InformationTechnologyGrp/ProgramServicesAmt02667
IRS990/InformationTechnologyGrp/TotalAmt059999
IRS990/InsuranceGrp/ManagementAndGeneralAmt050939
IRS990/InsuranceGrp/ProgramServicesAmt057216
IRS990/InsuranceGrp/TotalAmt0108155
IRS990/InterestGrp/ManagementAndGeneralAmt014343
IRS990/InterestGrp/ProgramServicesAmt0272510
IRS990/InterestGrp/TotalAmt0286853
IRS990/InventoriesForSaleOrUseGrp/BOYAmt093406
IRS990/InventoriesForSaleOrUseGrp/EOYAmt083500
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt057
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02839346
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01509170
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01322718
IRS990/LandBldgEquipCostOrOtherBssAmt04162064
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt064459
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Operation of a non-profit Christian elementary and secondary school.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt010943200
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt011590919
IRS990/NetAssetsOrFundBalancesBOYAmt0719160
IRS990/NetAssetsOrFundBalancesEOYAmt0-118365
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-64459
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-64459
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt013794
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt013794
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt03017
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt03017
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt0260457
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0383752
IRS990/OccupancyGrp/ProgramServicesAmt0599531
IRS990/OccupancyGrp/TotalAmt0983283
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011841
IRS990/OfficeExpensesGrp/ProgramServicesAmt097650
IRS990/OfficeExpensesGrp/TotalAmt0109491
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt012586020
IRS990/OtherAssetsTotalGrp/EOYAmt012185319
IRS990/OtherChangesInNetAssetsAmt0-326989
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt090203
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0929333
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01019536
IRS990/OtherExpensesGrp/Desc0Auxiliary Activites
IRS990/OtherExpensesGrp/Desc1Instructional Expenses
IRS990/OtherExpensesGrp/Desc2Bond Expense
IRS990/OtherExpensesGrp/Desc3Dues & Subscriptions
IRS990/OtherExpensesGrp/FundraisingAmt03840
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0221714
IRS990/OtherExpensesGrp/ProgramServicesAmt0979970
IRS990/OtherExpensesGrp/ProgramServicesAmt1315974
IRS990/OtherExpensesGrp/ProgramServicesAmt237122
IRS990/OtherExpensesGrp/TotalAmt0983810
IRS990/OtherExpensesGrp/TotalAmt1315974
IRS990/OtherExpensesGrp/TotalAmt2221714
IRS990/OtherExpensesGrp/TotalAmt337122
IRS990/OtherLiabilitiesGrp/BOYAmt0260189
IRS990/OtherLiabilitiesGrp/EOYAmt0266978
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt047680
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt047680
IRS990/OtherRevenueTotalAmt047680
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01036900
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03128213
IRS990/OtherSalariesAndWagesGrp/TotalAmt04165113
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt068983
IRS990/PayrollTaxesGrp/ProgramServicesAmt0250800
IRS990/PayrollTaxesGrp/TotalAmt0319783
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0114358
IRS990/PensionPlanContributionsGrp/TotalAmt0114358
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt098609
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt061086
IRS990/PrincipalOfficerNm0Dr William Harris
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0Tuition and Fees
IRS990/ProgramServiceRevenueGrp/Desc1Auxiliary Activities
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09934932
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11141479
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09934932
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11141479
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01660035
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-20910
IRS990/PYOtherExpensesAmt04548249
IRS990/PYOtherRevenueAmt085020
IRS990/PYProgramServiceRevenueAmt09832039
IRS990/PYRevenuesLessExpensesAmt01599100
IRS990/PYSalariesCompEmpBnftPaidAmt05408835
IRS990/PYTotalExpensesAmt09957084
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt011556184
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-510536
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RelatedOrganizationsAmt017376
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt011127108
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/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01000000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01000000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt018155
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt018155
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01000000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01000000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt016959
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt016959
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01000000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01000000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01000000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt01000000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt010938
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt010938
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01000000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01000000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt015342
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt015342
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01000000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01000000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt014178
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt014178
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd01
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0858225
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02401554
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03259779
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt092500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1110227
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt211919172
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt363420
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Debt Issuance Costs
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Loan Cost
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Interest in leasehold held by TMA Properties Foundation, Inc.
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Deposits
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0464493
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0437792
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0902285
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0266978
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Interest Rate Swap Contract
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RelatedOrgListSchRInd01
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The $1 Million Permanent Endowment was granted to TMA Heritage Foundation, Inc. in June 2013, and the amounts listed in the current and prior year include the amounts held by TMA Heritage Foundation, Inc. for the benefits, compensation, and resoures of the teaching faculty of the Academy.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Academy is exempt from federal income tax under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3) and from state income tax pursuant to Florida law. The Academy is further classified as a public charity and not a private foundation for federal tax purposes. The Academy has not incurred unrelated business income taxes. As a result, no income tax provision or liability has been provided for in the accompanying financial statements. The Academy has not taken any material uncertain tax positions for which the associated tax benefits may not be recognized under U.S. GAAP. Federal and state tax authorities may generally examine the Academy's income tax positions or (if applicable) returns for periods of approximately three to six years.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01322718
IRS990ScheduleD/TotalBookValueOtherAssetsAmt012185319
IRS990ScheduleD/TotalLiabilityAmt0266978
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 Academy published an ad in the local newspaper of general circulation, the Orlando Sentinel.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt0225
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt0225
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt04845

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$26.0$14.7$11.3$21.8$20.0$1.77
2024Detailed filing. Detailed filing data is available for this year.$26.2$15.7$10.5$20.7$19.9$0.81
2023Detailed filing. Detailed filing data is available for this year.$26.0$16.5$9.45$19.1$19.2$0.15
2022Detailed filing. Detailed filing data is available for this year.$26.5$17.4$9.10$18.2$16.6$1.64
2021Detailed filing. Detailed filing data is available for this year.$24.9$19.1$5.75$15.3$16.4$1.08
2020Detailed filing. Detailed filing data is available for this year.$26.5$19.9$6.59$15.9$14.1$1.83
2019Detailed filing. Detailed filing data is available for this year.$27.7$20.3$7.43$15.8$13.6$2.20
2018Detailed filing. Detailed filing data is available for this year.$26.1$20.2$5.86$14.2$12.7$1.51
2017Detailed filing. Detailed filing data is available for this year.$25.3$21.5$3.80$14.1$14.8$0.73
2016Detailed filing. Detailed filing data is available for this year.$27.3$23.7$3.64$18.2$17.2$1.03
2015Detailed filing. Detailed filing data is available for this year.$15.0$15.1$0.12$11.4$11.9$0.51
2014Detailed filing. Detailed filing data is available for this year.$15.1$14.3$0.72$11.6$9.96$1.60
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.8$16.8$1.00$16.9
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.5$17.4$6.09$8.95
2011Summary only. Only limited summary data is available for this year.$23.6$17.6$5.99$8.60$8.44$0.16
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.7$17.9$5.83$7.66
Peer Organizations

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