Civic Intelligence

Glades Academy Inc.

990 • Fiscal year 2017 • EIN 65-1032601

Jul 01, 2016 to Jun 30, 2017 • Filed on Jun 11, 2018

Organization Profilewww.gladesacademy.org

View Organization Page

7368 SR 15 Room Bldg EPahokee, FL 33476

(561) 924-9402

Siviq Scores

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

Liabilities / Assets

44th percentile

0.06x

Higher debt load relative to assets than 44% of similar nonprofits.

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

Liabilities / Revenue

26th percentile

0.02x

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

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

Net Margin

66th percentile

10%

Higher net margin than 66% of similar nonprofits.

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

Top Officer Pay

76th percentile

$118,975

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

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

Asset Growth

92nd percentile

56%

Faster asset growth than 92% of similar nonprofits.

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

Revenue Growth

10th percentile

-26%

Faster revenue growth than 10% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$932,356

Up $334,356 (+56%) from 2016

Net Assets

Up

$876,344

Up $287,134 (+49%) from 2016

Liabilities

Up

$56,012

Up $47,222 (+537%) from 2016

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin66th percentile

Revenue

Down

$2,839,340

Down $1,020,109 (-26%) from 2016

Expenses

Down

$2,552,206

Down $999,212 (-28%) from 2016

Net Income

Down

$287,134

Down $20,897 (-6.8%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $59,252Liabilities 2010: $35,748Net Assets 2010: $23,5042010Assets 2011: $145,238Liabilities 2011: $73,221Net Assets 2011: $72,0172011Assets 2012: $94,167Liabilities 2012: $45,889Net Assets 2012: $48,2782012Assets 2013: $116,862Liabilities 2013: $56,585Net Assets 2013: $60,2772013Assets 2014: $119,784Liabilities 2014: $40,095Net Assets 2014: $79,6892014Assets 2015: $383,943Liabilities 2015: $102,764Net Assets 2015: $281,1792015Assets 2016: $598,000Liabilities 2016: $8,790Net Assets 2016: $589,2102016Assets 2017: $932,356Liabilities 2017: $56,012Net Assets 2017: $876,3442017Assets 2018: $959,215Liabilities 2018: $100,703Net Assets 2018: $858,5122018Assets 2019: $1,074,675Liabilities 2019: $47,580Net Assets 2019: $1,027,0952019Assets 2020: $778,043Liabilities 2020: $108,750Net Assets 2020: $669,2932020Assets 2021: $907,960Liabilities 2021: $355,915Net Assets 2021: $552,0452021Assets 2022: $1,527,940Liabilities 2022: $393,668Net Assets 2022: $1,134,2722022Assets 2023: $1,933,016Liabilities 2023: $893,984Net Assets 2023: $1,039,0322023Assets 2024: $3,278,714Liabilities 2024: $1,544,211Net Assets 2024: $1,734,5032024Assets 2025: $2,974,821Liabilities 2025: $926,403Net Assets 2025: $2,048,4182025

Highlighted filing

2017

Assets$932,356
Liabilities$56,012
Net Assets$876,344
Open 2017 Filing

Operations Trend

Revenue Growth10th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $608,4352010Expenses 2011: $776,3732011Expenses 2012: $863,7622012Revenue 2013: $920,385Expenses 2013: $908,387Net Income 2013: $11,9982013Revenue 2014: $1,451,201Expenses 2014: $1,431,788Net Income 2014: $19,4132014Revenue 2015: $1,571,861Expenses 2015: $1,370,371Net Income 2015: $201,4902015Revenue 2016: $3,859,449Expenses 2016: $3,551,418Net Income 2016: $308,0312016Revenue 2017: $2,839,340Expenses 2017: $2,552,206Net Income 2017: $287,1342017Revenue 2018: $2,335,440Expenses 2018: $2,353,171Net Income 2018: -$17,7312018Revenue 2019: $2,562,154Expenses 2019: $2,393,572Net Income 2019: $168,5822019Revenue 2020: $2,383,366Expenses 2020: $2,741,168Net Income 2020: -$357,8022020Revenue 2021: $2,498,415Expenses 2021: $2,615,663Net Income 2021: -$117,2482021Revenue 2022: $3,166,960Expenses 2022: $2,584,733Net Income 2022: $582,2272022Revenue 2023: $3,225,863Expenses 2023: $3,321,103Net Income 2023: -$95,2402023Revenue 2024: $4,266,944Expenses 2024: $3,569,373Net Income 2024: $697,5712024Revenue 2025: $3,940,600Expenses 2025: $3,626,685Net Income 2025: $313,9152025

Highlighted filing

2017

Revenue$2,839,340
Expenses$2,552,206
Net Income$287,134
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jun 11, 2018
Return Version
2016v3.0
Gross Receipts
$2,839,340
Mission and Program Overview

Mission

The organizationoperate a charter school for low income families in pahokee, florida.the primary goal of the school is to provide a rigorous, systematic intense instructional program for reading, writing and math aligned

Through the cooperation of teachers and staff, the parents and the community for which we serve, Glades Academy will create a learning environment that will provide students with the best opportunities for academic achievement. It is our mission to increase student achievement in all academic studies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$274,702$643,430▲ $368,728
Land, Buildings, and Equipment, Net$293,548$267,633▼ $25,915
Accounts Receivable$20,203$10,838▼ $9,365
Inventories for Sale or Use$6,207$6,207→ $0
Prepaid Expenses and Deferred Charges$2,340$3,248▲ $908
Total Assets$598,000$932,356▲ $334,356
Other Assets Total$1,000$1,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$8,790$56,012▲ $47,222
Total Liabilities$8,790$56,012▲ $47,222
Net Assets / Fund Balance
Unrestricted Net Assets$589,210$876,344▲ $287,134
Total Net Assets Fund Balance$589,210$876,344▲ $287,134
Total Liabilities and Net Assets / Fund Balance$598,000$932,356▲ $334,356

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$264,068$90,640$354,708
Leasehold Improvements$3,565$2,971$6,536
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Donald ZumpanoFormer PrincipalPT$54,481$11,394$65,875
Vinnisha JonesPrincipal-$46,042$5,516$51,558

Board Members and Trustees

NameTitle
Emilia FanjulPresident
Catherine McDermottDirector
Fr Raul CardenasDirector
Guillermo RivieraDirector
Lillian AzquetaDirector
Marvin PittsDirector
Thomas SutterfieldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$917,745
Program Service Revenue
$1,921,592
Investment Income
$3
Other Revenue
$0
All Other Contributions
$822,964
Change in Net Assets
$287,134

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
Real Estate Other1$806,088Cost
Total Noncash Contributions1$806,088-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,839,340
Revenue Not Reported on Form 990
$3
Total Revenue per Audited Statements
$2,839,343
Total Revenue per Form 990
$2,839,340
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,214,479
Grants and Similar Amounts Paid$806,088
Other Expenses$531,639
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$867,982$79,481-$947,463
Grants to Domestic Orgs$806,088--$806,088
Fees for Services Other$40,261$97,658-$137,919
Occupancy$126,315--$126,315
Payroll Taxes$82,156$16,099-$98,255
Other Employee Benefits$63,945$21,433-$85,378
Current Officers, Directors, Trustees, and Key Employees-$77,917-$77,917
Other Expenses$42,546--$42,546
Insurance$38,631$737-$39,368
Depreciation Depletion$34,656--$34,656
Office Expenses-$23,977-$23,977
Fees for Services Accounting-$18,787-$18,787
Advertising$8,147--$8,147
Pension Plan Contributions$1,874$3,592-$5,466
Travel-$3,357-$3,357
All Other Expenses-$1,224-$1,224
Total Functional Expenses$2,207,944$344,262$0$2,552,206

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,552,206
Total Expenses per Audited Statements$2,552,206
Total Expenses per Form 990$2,552,206
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
New Hope Charities IncWest Palm Beach, FL501c3Transfer to owner of land-
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
Federal income taxes-
Payroll deductions and withholdings payable-
Salary Wages Payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Part VI, Section A, Line 2

“The Chairperson of the Board, Emilia Fanjul is the Aunt of Lillian Azqueta Board Member.”

Form 990, Part VI, Section B, Line 11B

“The Form 990 is circulated to all directors by email prior to its presentation at a regularly scheduled and published board meeting in April 2018 before it is approved to be signed and filed electronically.”

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

“Conflicts, if any, are disclosed at board meetings and members recuse themselves from votes on any. The board oversees and reports any conflicts to the sponsoring school district.”

Form 990, Part VI, Section B, Line 15A and B

“Compensation of the principal and assistant principal are determined by the board of directors and through negotiation with those employees.”

Form 990, Part VI, Section C, Line 19

“All governing documents, policies and procedures, and its financial statements are available for all to view at the school administrative office on campus. Additionally, all such information is available by the sponsor, School District ofPalm Beach County, Florida at its Forest Hill, WBP, FL Charter School Office. Any and all public requests are honored as soon as practicable for any and all information.”

Filing and Contact Details

Filer

Filer Name
Glades Academy Inc
EIN
65-1032601
Phone
5619249402
Address
7368 SR 15 Room Bldg E, Pahokee, FL 33476

Signing Officer

Name
Emilia Fanjul
Title
President
Signed
2018-06-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Emilia Fanjul
Formed
2000
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
50
Volunteers
8

Preparer

Firm
Craig U Kahle CPA PA
Address
1501 Presidential Way-Suite 16, West Palm Beach, FL 33401
Preparer
Craig U Kahle
Phone
5616891220
Supplemental Narrative

Financial Statement Notes

XI 2D

“Rounding”

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IRS990/OtherExpensesGrp/Desc0Supplies, Textbooks, Small Equipment
IRS990/OtherExpensesGrp/Desc1Transportation Fuel, Repairs, Other
IRS990/OtherExpensesGrp/Desc2Field Trips
IRS990/OtherExpensesGrp/Desc3Audit and Employee Leasing Costs
IRS990/OtherExpensesGrp/ProgramServicesAmt058245
IRS990/OtherExpensesGrp/ProgramServicesAmt130052
IRS990/OtherExpensesGrp/ProgramServicesAmt27046
IRS990/OtherExpensesGrp/ProgramServicesAmt342546
IRS990/OtherExpensesGrp/TotalAmt058245
IRS990/OtherExpensesGrp/TotalAmt130052
IRS990/OtherExpensesGrp/TotalAmt27046
IRS990/OtherExpensesGrp/TotalAmt342546
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt079481
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0867982
IRS990/OtherSalariesAndWagesGrp/TotalAmt0947463
IRS990/PartialLiquidationInd0true
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt016099
IRS990/PayrollTaxesGrp/ProgramServicesAmt082156
IRS990/PayrollTaxesGrp/TotalAmt098255
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03592
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01874
IRS990/PensionPlanContributionsGrp/TotalAmt05466
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02340
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03248
IRS990/PrincipalOfficerNm0Emilia Fanjul
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Charter School-Elementary School K-5
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01921592
IRS990/ProgSrvcAccomActy2Grp/Desc0Provided a safe nurturing school setting that promoted emotional and social growth for all students while developing the self confidence and academic advancements needed to become active, productive citizens.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0967059
IRS990/ProgSrvcAccomActy3Grp/Desc0Provided all students with extracurricular and curriculum based field trips to various educational locations in Florida to include museums, plays, and related activities. Also took all students to various recreational and social attractions to expand their horizons.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt07046
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02424265
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01935001
IRS990/PYInvestmentIncomeAmt03
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0482746
IRS990/PYOtherRevenueAmt0818
IRS990/PYProgramServiceRevenueAmt01434363
IRS990/PYRevenuesLessExpensesAmt0308031
IRS990/PYSalariesCompEmpBnftPaidAmt01133671
IRS990/PYTotalExpensesAmt03551418
IRS990/PYTotalRevenueAmt03859449
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0287134
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
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/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0264068
IRS990ScheduleD/EquipmentGrp/DepreciationAmt090640
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0354708
IRS990ScheduleD/ExpensesSubtotalAmt02552206
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03565
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02971
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt06536
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payroll deductions and withholdings payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Salary Wages Payable
IRS990ScheduleD/OtherRevenueAmt03
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueNotReportedAmt03
IRS990ScheduleD/RevenueSubtotalAmt02839340
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Rounding
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0XI 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0267633
IRS990ScheduleD/TotalExpensesPerForm990Amt02552206
IRS990ScheduleD/TotalRevenuePerForm990Amt02839340
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02839343
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02552206
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 school receives direct funding from the School District of Palm Beach County, Florida.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06a
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501c3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt0806088
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0Sports Pavilion
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Transfer to owner of land
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0New Hope Charities Inc
IRS990ScheduleI/RecipientTable/RecipientEIN0650128327
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0626 North Dixie Highway
IRS990ScheduleI/RecipientTable/USAddress/CityNm0West Palm Beach
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0FL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd033401
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0Book
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt054481
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt01633
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt09761
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt053100
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Donald Zumpano
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Marvin Pitts
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Former Principal
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt065875
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt053100
IRS990ScheduleJ/SeverancePaymentInd0true
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/RealEstateOtherGrp/ContributionCnt01
IRS990ScheduleM/RealEstateOtherGrp/MethodOfDeterminingRevenuesTxt0Cost
IRS990ScheduleM/RealEstateOtherGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateOtherGrp/NoncashContributionsRptF990Amt0806088
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0true
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0Glades Academy Foundation, Inc. constructed a Sports Pavilion on land owned by New Hope Charities, Inc. adjacent to the school. The school then donated the Sports Pavilion to New Hope Charities, Inc. and the property was leased back to the school.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 17
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990ScheduleN/DirectorOfSuccessor2Ind0false
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Sports Pavilion
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0New Hope Charities Inc
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02016-12-19
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0650128327
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt0806088
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0501c3
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0Cost
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt0626 North Dixie Highway
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0West Palm Beach
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0FL
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd033401
IRS990ScheduleN/EmployeeOfSuccessor2Ind0true
IRS990ScheduleN/OwnerOfSuccessor2Ind0false

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$932,356
Liabilities
$56,012
Net assets
$876,344
Revenue
$2,839,340
Expenses
$2,552,206
Net income
$287,134
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.97$0.93$2.05$3.94$3.63$0.31
2024Detailed filing. Detailed filing data is available for this year.$3.28$1.54$1.73$4.27$3.57$0.70
2023Detailed filing. Detailed filing data is available for this year.$1.93$0.89$1.04$3.23$3.32$0.10
2022Detailed filing. Detailed filing data is available for this year.$1.53$0.39$1.13$3.17$2.58$0.58
2021Detailed filing. Detailed filing data is available for this year.$0.91$0.36$0.55$2.50$2.62$0.12
2020Detailed filing. Detailed filing data is available for this year.$0.78$0.11$0.67$2.38$2.74$0.36
2019Detailed filing. Detailed filing data is available for this year.$1.07$0.05$1.03$2.56$2.39$0.17
2018Detailed filing. Detailed filing data is available for this year.$0.96$0.10$0.86$2.34$2.35$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.93$0.06$0.88$2.84$2.55$0.29
2016Detailed filing. Detailed filing data is available for this year.$0.60$0.01$0.59$3.86$3.55$0.31
2015Detailed filing. Detailed filing data is available for this year.$0.38$0.10$0.28$1.57$1.37$0.20
2014Detailed filing. Detailed filing data is available for this year.$0.12$0.04$0.08$1.45$1.43$0.02
2013Summary only. Only limited summary data is available for this year.$0.12$0.06$0.06$0.92$0.91$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.05$0.05$0.86
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.07$0.07$0.78
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.04$0.02$0.61