Civic Intelligence

The Academy at Ocean Reef Inc

990 • Fiscal year 2016 • EIN 65-0146241

Aug 01, 2015 to Jul 31, 2016 • Filed on Jun 06, 2017

Organization ProfileN/A

View Organization Page

395 South Harbor DriveKey Largo, FL 33037

(305) 367-2409

Siviq Scores

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

Liabilities / Assets

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

32nd percentile

0.04x

Higher debt load relative to revenue than 32% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

24th percentile

-8.2%

Higher net margin than 24% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

76th percentile

$120,000

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 8.6% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

77th percentile

13%

Faster asset growth than 77% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

56th percentile

5.1%

Faster revenue growth than 56% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$4,601,876

Up $543,044 (+13%) from 2015

Net Assets

Up

$4,548,583

Up $544,000 (+14%) from 2015

Liabilities

Down

$53,293

Down $956 (-1.8%) from 2015

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin24th percentile

Revenue

Up

$1,400,071

Up $68,124 (+5.1%) from 2015

Expenses

Up

$1,514,870

Up $153,394 (+11%) from 2015

Net Income

Down

-$114,799

Down $85,270 (-289%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $4,526,589Liabilities 2011: $251,158Net Assets 2011: $4,275,4312011Assets 2012: $4,288,815Liabilities 2012: $27,463Net Assets 2012: $4,261,3522012Assets 2013: $4,052,975Liabilities 2013: $17,340Net Assets 2013: $4,035,6352013Assets 2014: $4,051,256Liabilities 2014: $17,566Net Assets 2014: $4,033,6902014Assets 2015: $4,058,832Liabilities 2015: $54,249Net Assets 2015: $4,004,5832015Assets 2016: $4,601,876Liabilities 2016: $53,293Net Assets 2016: $4,548,5832016Assets 2017: $4,672,673Liabilities 2017: $19,731Net Assets 2017: $4,652,9422017Assets 2018: $4,346,969Liabilities 2018: $33,071Net Assets 2018: $4,313,8982018Assets 2019: $4,104,041Liabilities 2019: $52,806Net Assets 2019: $4,051,2352019Assets 2020: $3,991,405Liabilities 2020: $286,025Net Assets 2020: $3,705,3802020Assets 2021: $4,003,342Liabilities 2021: $133,939Net Assets 2021: $3,869,4032021Assets 2022: $3,861,432Liabilities 2022: $484,375Net Assets 2022: $3,377,0572022Assets 2023: $3,261,177Liabilities 2023: $327,464Net Assets 2023: $2,933,7132023Assets 2024: $3,123,151Liabilities 2024: $409,744Net Assets 2024: $2,713,4072024

Highlighted filing

2016

Assets$4,601,876
Liabilities$53,293
Net Assets$4,548,583
Open 2016 Filing

Operations Trend

Revenue Growth56th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,181,067Expenses 2011: $1,064,601Net Income 2011: $116,4662011Revenue 2012: $1,037,160Expenses 2012: $1,051,618Net Income 2012: -$14,4582012Revenue 2013: $919,905Expenses 2013: $1,146,002Net Income 2013: -$226,0972013Revenue 2014: $1,388,712Expenses 2014: $1,391,039Net Income 2014: -$2,3272014Revenue 2015: $1,331,947Expenses 2015: $1,361,476Net Income 2015: -$29,5292015Revenue 2016: $1,400,071Expenses 2016: $1,514,870Net Income 2016: -$114,7992016Revenue 2017: $1,669,174Expenses 2017: $1,566,191Net Income 2017: $102,9832017Revenue 2018: $1,457,470Expenses 2018: $1,537,369Net Income 2018: -$79,8992018Revenue 2019: $1,546,792Expenses 2019: $1,809,455Net Income 2019: -$262,6632019Revenue 2020: $1,499,356Expenses 2020: $1,845,211Net Income 2020: -$345,8552020Revenue 2021: $2,461,632Expenses 2021: $2,297,609Net Income 2021: $164,0232021Revenue 2022: $2,663,538Expenses 2022: $2,655,884Net Income 2022: $7,6542022Revenue 2023: $2,354,401Expenses 2023: $2,817,390Net Income 2023: -$462,9892023Revenue 2024: $2,882,804Expenses 2024: $3,104,480Net Income 2024: -$221,6762024

Highlighted filing

2016

Revenue$1,400,071
Expenses$1,514,870
Net Income-$114,799
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2015 to Jul 31, 2016
Signed
Jun 6, 2017
Return Version
2015v3.0
Gross Receipts
$1,411,446
Mission and Program Overview

Mission

To provide education for children from preschool through secondary level.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,625,259$4,025,041▲ $399,782
Cash and Non-Interest-Bearing Accounts$249,840$218,066▼ $31,774
Accounts Receivable$108,664$126,099▲ $17,435
Savings and Temporary Cash Investments$56,510$56,936▲ $426
Pledges and Grants Receivable$10,000$10,000→ $0
Total Assets$4,058,832$4,601,876▲ $543,044
Other Assets Total$8,559$165,734▲ $157,175
Liabilities
Accounts Payable and Accrued Expenses$10,109$45,088▲ $34,979
Deferred Revenue$44,140$8,205▼ $35,935
Total Liabilities$54,249$53,293▼ $956
Net Assets / Fund Balance
Unrestricted Net Assets$3,949,847$4,493,847▲ $544,000
Permanently Rstr Net Assets$48,099$48,099→ $0
Temporarily Rstr Net Assets$6,637$6,637→ $0
Total Net Assets Fund Balance$4,004,583$4,548,583▲ $544,000
Total Liabilities and Net Assets / Fund Balance$4,058,832$4,601,876▲ $543,044

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,388,803$1,883,658$5,272,461
Equipment-$585,706$585,706
Leasehold Improvements$229,460$265,734$495,194
Land$405,000-$405,000
Other Land Buildings$1,778$60,397$62,175

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$56,510-▲ $426-$56,936
2014$56,088-▲ $422-$56,510
2013$49,069$6,637▲ $382-$56,088
2012$48,689-▲ $380-$49,069
2011$48,310-▲ $379-$48,689
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Graham BrownHeadmasterFT$120,000$120,000

Board Members and Trustees

NameTitle
Janet DickeChairman Eme
Russell PostPresident/se
Linda KendallTrustee
Margo MurrayTrustee
Molly CarrollTrustee
Pat RobertsTrustee
Pippa MchughTrustee
Steve SlovickTrustee
Tony DelrossiTrustee
Christina SimondsHead of Scho
Anna PattersonPto Presiden
Rick HaneyTreasurer
Stephanie KarlVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$619,953
Program Service Revenue
$764,911
Investment Income
$156
Other Revenue
$15,051
All Other Contributions
$619,953
Change in Net Assets
$-114,799

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,400,071
Revenue Not Reported on Form 990
$-192,979
Total Revenue per Audited Statements
$1,207,092
Total Revenue per Form 990
$1,400,071
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$672,875
Salaries, Compensation, and Employee Benefits$637,641
Grants and Similar Amounts Paid$204,354
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$437,698--$437,698
Grants to Domestic Individuals$204,354--$204,354
Depreciation Depletion-$192,215-$192,215
All Other Expenses$63,697$77,012-$140,709
Current Officers, Directors, Trustees, and Key Employees$120,000--$120,000
Insurance$43,639--$43,639
Payroll Taxes$42,854--$42,854
Other Expenses$42,203--$42,203
Fees for Services Other-$36,143-$36,143
Other Employee Benefits$30,088--$30,088
Fees for Services Accounting-$17,506-$17,506
Office Expenses-$14,789-$14,789
Pension Plan Contributions$7,001--$7,001
Advertising-$2,757-$2,757
Fees for Services Legal-$1,695-$1,695
Conferences and Meetings-$74-$74
Total Functional Expenses$1,172,679$342,191$0$1,514,870

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,514,870
Total Expenses per Form 990$1,514,870
Total Expenses per Audited Statements$1,321,891
Expenses Not Reported on Form 990$-192,979
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$26,000
Fundraising Direct Expenses$11,375
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Dinner$26,000$26,000-$26,000
Total Events$26,000$26,000$11,375$14,625
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
No
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
No
Other officer compensation reviewed
No
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

“Management will review the tax return prior to be filed.”

Form 990, Page 6, Part VI, Line 19

“The governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Academy at Ocean Reef Inc
EIN
65-0146241
Phone
3053672409
Address
395 SOUTH HARBOR DRIVE, KEY LARGO, FL 33037

Signing Officer

Name
Russell Post
Title
President/secretary
Phone
3053672409
Signed
2017-06-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Russell Post
Legal Domicile
Fl
Voting Board Members
13
Independent Board Members
13
Employees
22
Volunteers
50

Preparer

Firm
Verdeja De Armas & Trujillo Llp
Address
255 ALHAMBRA CIR STE 560, CORAL GABLES, FL 33134-7417
Preparer
Octavio a Verdeja
Phone
3054463177
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Financial aid -204,354 special event expenses 11,375 financial aid 204,354 special event expenses -11,375”

Financial Statement Notes

Schedule D, Page 3, Part X

“The school is exempt from income taxes under section 501(c)(3) of the internal revenue code. Accordingly, no provision for federal or state income taxes has been made in the accompanying financial statements. The school recognizes and measures tax positions taken or expected to be taken in its tax return based on their technical merit and assesses the likelihood that the positions will be sustained upon examination based on the facts, circumstances and information available at the end of each period. Interest and penalties on tax liabilities, if any, would be recorded in interest expense and other non-interest expense, respectively. The u.s. Federal jurisdiction and florida are the major tax jurisdictions where the foundation files tax returns. The foundation is generally no longer subject to u.s. Federal or state examinations by tax authorities for years before 2013.”

Schedule D, Page 4, Part XI, Line 2D

“Financial aid -204,354 special event expenses 11,375”

Schedule D, Page 4, Part XII, Line 2D

“Financial aid -204,354 special event expenses 11,375”

Raw XML AppendixShowing 400 of 487 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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IRS990/Desc0THE ACADEMY AT OCEAN REEF IS A NOT-PROFIT INDEPENDENT SCHOOL THAT SERVED 28 FULL TIME AND 12 SEASONAL CHILDREN OF MEMBERS AND EMPLOYEES OF THE OCEAN REEF CLUB IN GRADES PRESCHOOL THROUGH EIGHTH GRADE. THE SCHOOL IS ACCREDITED BY THE FLORIDA COUNCIL OF INDEPENDENT SCHOOLS AND THE FLORIDA KINDERGARTEN COUNCIL. THE SCHOOL OFFERED AN ADULT EDUCATION FOR THE OCEAN REEF CLUB MEMBERS THAT IMPACTED APPROXIMATELY 400 MEMBERS. THE SCHOOL'S WEEKLY NEWSLETTER IS EMAILED TO APPROXIMATELY 200 SCHOOL PARENTS AND FRIENDS OF THE SCHOOL WITHIN THE OCEAN REEF COMMUNITY.
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IRS990/GrossReceiptsAmt01411446
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt043639
IRS990/InsuranceGrp/TotalAmt043639
IRS990/InvestmentIncomeGrp/ExclusionAmt0156
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0156
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02795495
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03625259
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04025041
IRS990/LandBldgEquipCostOrOtherBssAmt06820536
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE EDUCATION FOR CHILDREN FROM PRESCHOOL THROUGH SECONDARY LEVEL.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt04004583
IRS990/NetAssetsOrFundBalancesEOYAmt04548583
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt014625
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt014789
IRS990/OfficeExpensesGrp/TotalAmt014789
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08559
IRS990/OtherAssetsTotalGrp/EOYAmt0165734
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt030088
IRS990/OtherEmployeeBenefitsGrp/TotalAmt030088
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2STUDENTS SUPPLIES
IRS990/OtherExpensesGrp/Desc3ACADEMY ORC DISCOUNT
IRS990/OtherExpensesGrp/ProgramServicesAmt069721
IRS990/OtherExpensesGrp/ProgramServicesAmt159698
IRS990/OtherExpensesGrp/ProgramServicesAmt251726
IRS990/OtherExpensesGrp/ProgramServicesAmt342203
IRS990/OtherExpensesGrp/TotalAmt069721
IRS990/OtherExpensesGrp/TotalAmt159698
IRS990/OtherExpensesGrp/TotalAmt251726
IRS990/OtherExpensesGrp/TotalAmt342203
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0426
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0426
IRS990/OtherRevenueTotalAmt0426
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0437698
IRS990/OtherSalariesAndWagesGrp/TotalAmt0437698
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt042854
IRS990/PayrollTaxesGrp/TotalAmt042854
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt07001
IRS990/PensionPlanContributionsGrp/TotalAmt07001
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt048099
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt048099
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt010000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt010000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0RUSSELL POST
IRS990/PriorPeriodAdjustmentsAmt0658799
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION & FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0764911
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0764911
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0602482
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0207055
IRS990/PYInvestmentIncomeAmt078
IRS990/PYOtherExpensesAmt0549048
IRS990/PYOtherRevenueAmt0190
IRS990/PYProgramServiceRevenueAmt0729197
IRS990/PYRevenuesLessExpensesAmt0-29529
IRS990/PYSalariesCompEmpBnftPaidAmt0605373
IRS990/PYTotalExpensesAmt01361476
IRS990/PYTotalRevenueAmt01331947
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-114799
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0764911
IRS990/SavingsAndTempCashInvstGrp/BOYAmt056510
IRS990/SavingsAndTempCashInvstGrp/EOYAmt056936
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/BoardDesignatedBalanceEOYPct00.03860
IRS990ScheduleD/BuildingsGrp/BookValueAmt03388803
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01883658
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05272461
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt056510
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt056936
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0426
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt056088
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt056510
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0422
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt049069
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt06637
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt056088
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0382
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt048689
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt049069
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0380
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt048310
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt048689
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0379
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0585706
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0585706
IRS990ScheduleD/ExpensesNotReportedAmt0-192979
IRS990ScheduleD/ExpensesSubtotalAmt01514870
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0405000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0405000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0229460
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0265734
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0495194
IRS990ScheduleD/OtherExpensesIncludedAmt0-192979
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01778
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt060397
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt062175
IRS990ScheduleD/OtherRevenueAmt0-192979
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.84480
IRS990ScheduleD/RevenueNotReportedAmt0-192979
IRS990ScheduleD/RevenueSubtotalAmt01400071
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL RECOGNIZES AND MEASURES TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN ITS TAX RETURN BASED ON THEIR TECHNICAL MERIT AND ASSESSES THE LIKELIHOOD THAT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. INTEREST AND PENALTIES ON TAX LIABILITIES, IF ANY, WOULD BE RECORDED IN INTEREST EXPENSE AND OTHER NON-INTEREST EXPENSE, RESPECTIVELY. THE U.S. FEDERAL JURISDICTION AND FLORIDA ARE THE MAJOR TAX JURISDICTIONS WHERE THE FOUNDATION FILES TAX RETURNS. THE FOUNDATION IS GENERALLY NO LONGER SUBJECT TO U.S. FEDERAL OR STATE EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2013.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FINANCIAL AID -204,354 SPECIAL EVENT EXPENSES 11,375
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FINANCIAL AID -204,354 SPECIAL EVENT EXPENSES 11,375
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.11660
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04025041
IRS990ScheduleD/TotalExpensesPerForm990Amt01514870
IRS990ScheduleD/TotalRevenuePerForm990Amt01400071
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01207092
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01321891
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0SCHOOL PUBLICIZES ITS RACIALLY NON DISCRIMINATORY POLICY IN THE SCHOOL MISSION STATEMENT, AND IN ALL BROCHURES AND PUBLICATIONS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt011375
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt011375
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt011375
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt026000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt026000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt026000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt026000
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt014625
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL AID
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt0204354
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt023
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990/ScheduleJRequiredInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,601,876
Liabilities
$53,293
Net assets
$4,548,583
Revenue
$1,400,071
Expenses
$1,514,870
Net income
-$114,799
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.12$0.41$2.71$2.88$3.10$0.22
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.26$0.33$2.93$2.35$2.82$0.46
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.86$0.48$3.38$2.66$2.66$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.00$0.13$3.87$2.46$2.30$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.99$0.29$3.71$1.50$1.85$0.35
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.10$0.05$4.05$1.55$1.81$0.26
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.35$0.03$4.31$1.46$1.54$0.08
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.67$0.02$4.65$1.67$1.57$0.10
2016Detailed filing. Detailed filing data is available for this year.$4.60$0.05$4.55$1.40$1.51$0.11
2015Detailed filing. Detailed filing data is available for this year.$4.06$0.05$4.00$1.33$1.36$0.03
2014Detailed filing. Detailed filing data is available for this year.$4.05$0.02$4.03$1.39$1.39$0.00
2013Summary only. Only limited summary data is available for this year.$4.05$0.02$4.04$0.92$1.15$0.23
2012Summary only. Only limited summary data is available for this year.$4.29$0.03$4.26$1.04$1.05$0.01
2011Summary only. Only limited summary data is available for this year.$4.53$0.25$4.28$1.18$1.06$0.12