Civic Intelligence

Madison Creative Arts Academy Inc.

990 • Fiscal year 2021 • EIN 81-1173339

Jul 01, 2020 to Jun 30, 2021 • Filed on May 13, 2022

Organization ProfileWWW.MCAA.ACADEMY
2812 W US 90Madison, FL 32340-4303

(850) 973-2529

Siviq Scores

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

Liabilities / Assets

87th percentile

0.73x

Higher debt load relative to assets than 87% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

86th percentile

1.36x

Higher debt load relative to revenue than 86% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

59th percentile

17%

Higher net margin than 59% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

42nd percentile

$102,277

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

96th percentile

121%

Faster asset growth than 96% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

66th percentile

26%

Faster revenue growth than 66% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$6,330,636

Up $3,469,070 (+121%) from 2020

Net Assets

Up

$1,681,288

Up $588,675 (+54%) from 2020

Liabilities

Up

$4,649,348

Up $2,880,395 (+163%) from 2020

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin59th percentile

Revenue

Up

$3,417,848

Up $704,137 (+26%) from 2020

Expenses

Up

$2,829,173

Up $236,909 (+9.1%) from 2020

Net Income

Up

$588,675

Up $467,228 (+385%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$15M$10M$5.0M$0Assets 2017: $668,474Liabilities 2017: $150,306Net Assets 2017: $518,1682017Assets 2018: $1,628,372Liabilities 2018: $847,362Net Assets 2018: $781,0102018Assets 2019: $2,225,657Liabilities 2019: $1,254,491Net Assets 2019: $971,1662019Assets 2020: $2,861,566Liabilities 2020: $1,768,953Net Assets 2020: $1,092,6132020Assets 2021: $6,330,636Liabilities 2021: $4,649,348Net Assets 2021: $1,681,2882021Assets 2022: $10,751,605Liabilities 2022: $8,356,886Net Assets 2022: $2,394,7192022Assets 2023: $10,454,381Liabilities 2023: $8,154,934Net Assets 2023: $2,299,4472023Assets 2024: $10,312,676Liabilities 2024: $8,297,864Net Assets 2024: $2,014,8122024Assets 2025: $10,094,408Liabilities 2025: $8,223,392Net Assets 2025: $1,871,0162025

Highlighted filing

2021

Assets$6,330,636
Liabilities$4,649,348
Net Assets$1,681,288
Open 2021 Filing

Operations Trend

Revenue Growth66th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2017: $2,215,714Expenses 2017: $1,670,517Net Income 2017: $545,1972017Revenue 2018: $2,455,173Expenses 2018: $2,192,331Net Income 2018: $262,8422018Revenue 2019: $2,482,400Expenses 2019: $2,292,244Net Income 2019: $190,1562019Revenue 2020: $2,713,711Expenses 2020: $2,592,264Net Income 2020: $121,4472020Revenue 2021: $3,417,848Expenses 2021: $2,829,173Net Income 2021: $588,6752021Revenue 2022: $3,363,351Expenses 2022: $3,100,925Net Income 2022: $262,4262022Revenue 2023: $3,745,523Expenses 2023: $3,840,795Net Income 2023: -$95,2722023Revenue 2024: $3,984,997Expenses 2024: $4,269,632Net Income 2024: -$284,6352024Revenue 2025: $4,038,687Expenses 2025: $4,182,483Net Income 2025: -$143,7962025

Highlighted filing

2021

Revenue$3,417,848
Expenses$2,829,173
Net Income$588,675
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 13, 2022
Return Version
2020v4.2
Gross Receipts
$3,417,848
Mission and Program Overview

Mission

The mission of madison creative arts academy is to ensure that all students receive a challenging and enriching liberal arts education that provides a moral and ethical framework for critical decision making.

Provide a challenging liberal arts academic program for k-8th grade students that develops individual student abilities whhile nurturing intellectual, moral, and physical growth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$243,782$3,940,829▲ $3,697,047
Rtn Earn Endowment Incm Other Fnds$1,092,613$1,681,288▲ $588,675
Cash and Non-Interest-Bearing Accounts$1,696,691$1,145,269▼ $551,422
Accounts Receivable$2,793$302,502▲ $299,709
Prepaid Expenses and Deferred Charges$65,571$46,544▼ $19,027
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,861,566$6,330,636▲ $3,469,070
Other Assets Total$852,729$895,492▲ $42,763
Liabilities
Mortgage Notes Payable Secured by Investment Property-$1,676,683-
Other Liabilities$1,606,468$1,572,972▼ $33,496
Accounts Payable and Accrued Expenses$162,485$1,399,693▲ $1,237,208
Total Liabilities$1,768,953$4,649,348▲ $2,880,395
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,092,613$1,681,288▲ $588,675
Total Liabilities and Net Assets / Fund Balance$2,861,566$6,330,636▲ $3,469,070

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,754,563-$3,754,563
Equipment$185,072$575,111$760,183
Leasehold Improvements$1,194$29,612$30,806
Other Assets Org$895,492--
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Janna BarrsExecutive DirectorFT$87,889$14,388$102,277

Board Members and Trustees

NameTitle
Kim BrandiesPresident
Troy BradfieldVice President
Amanda NorrisBoard Member
Amanda OrtegaBoard Member
Ella HowardBoard Member
Kyle WhitakerBoard Member
Wiliam HamrickBoard Member
Jennifer HarperCFO
Melanie TerrillSecretary
Chad ArnoldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,300,344
Program Service Revenue
$111,799
Investment Income
$5,705
Other Revenue
$0
All Other Contributions
$8,578
Change in Net Assets
$588,675

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,417,848
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,417,848
Total Revenue per Form 990
$3,417,848
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,116,611
Other Expenses$712,562
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,347,679$116,539-$1,464,218
Pension Plan Contributions$378,419$11,090-$389,509
Payroll Taxes$94,488$13,870-$108,358
Current Officers, Directors, Trustees, and Key Employees-$98,332-$98,332
Occupancy$84,753--$84,753
Other Employee Benefits$48,021$8,173-$56,194
Depreciation Depletion$53,482--$53,482
Fees for Services Other$2,700$50,609-$53,309
Office Expenses$34,031$14,894-$48,925
Other Expenses$47,191$44,870-$44,870
Information Technology$34,944--$34,944
Insurance$24,819--$24,819
All Other Expenses$18,925$4,047-$22,972
Advertising-$624-$624
Travel-$60-$60
Total Functional Expenses$2,466,065$363,108$0$2,829,173

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,829,173
Total Expenses per Audited Statements$2,829,173
Total Expenses per Form 990$2,829,173
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Jennifer HarperCFOIndependent Contractor Arrangement With Charles River Cfo, Inc. to Provide CFO ServicesNo$10,725
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$1,527,877
Deferred Inflows Related to Change in the Net Pension Liability$29,234
Noncurrent Liabilities$11,828
Due to Fiduciary Fund$4,033
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Part VI, Section B, Line 11B

“A copy of the tax return was provided to executive director and the chief finanical officer for review before filing the return.”

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

“The board of directors determined and set the executive director salary after collecting data from the madison county school district and other local charter and private institutions.”

Form 990, Part VI, Section C, Line 19

“Governing documents, the conflict of interest policy, and financial statements are available upon request. The financial statements will also be available on the school's website.”

Filing and Contact Details

Filer

Filer Name
Madison Creative Arts Academy Inc
EIN
81-1173339
Phone
8509732529
Address
2812 W US 90, MADISON, FL 32340-4303

Signing Officer

Name
Janna Barrs
Title
Executive Director
Phone
8509732529
Signed
2022-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janna Barrs
Formed
2016
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
9
Employees
60
Volunteers
4

Preparer

Firm
James Moore & Co Pl
Address
2477 TIM GAMBLE PLACE SUITE 200, TALLAHASSEE, FL 32308-4386
Preparer
Mark Payne
Phone
8503866184
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The board of directors charges the executive director and cfo with obtaining and evaluating quotes; however, the board of directors is responsible for making the final selection.”

Financial Statement Notes

PART X, LINE 2:

“The school has reviewed and evaluated the relevant technical merits of each of its tax positions in accordance with accounting principles generally accepted in the united states of america for accounting for uncertainty in income taxes, and determined that there were no uncertain tax positions that would have a material impact on the financial statements of the school.”

Schedule D, Part VI 1E

“Construction in process $3,754,563”

Raw XML AppendixShowing 400 of 468 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/ActivityOrMissionDesc0PROVIDE A CHALLENGING LIBERAL ARTS ACADEMIC PROGRAM FOR K-8TH GRADE STUDENTS THAT DEVELOPS INDIVIDUAL STUDENT ABILITIES WHHILE NURTURING INTELLECTUAL, MORAL, AND PHYSICAL GROWTH.
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IRS990/Desc0THE MADISON CREATIVE ARTS ACADEMY IS A PUBLIC CHARTER SCHOOL SERVING GRADES K-8TH. THE SCHOOL'S ENROLLMENT WAS 326 STUDENTS AND THE SCHOOL WAS RATED BY THE STATE OF FLORIDA AS AN "A" SCHOOL.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/MissionDesc0THE MISSION OF MADISON CREATIVE ARTS ACADEMY IS TO PROVIDE A CHALLENGING LIBERAL ARTS ACADEMIC PROGRAM FOR ELEMENTARY AND MIDDLE SCHOOL STUDENTS THAT DEVELOPS INDIVIDUAL STUDENT ABILITIES WHILE NURTURING INTELLECTUAL, MORAL, AND PHYSICAL GROWTH. THUS, WE WILL CREATE A POSITIVE ENVIRONMENT THAT ENGAGES STUDENTS THROUGH INTEGRATIVE AND PROJECT-BASED LEARNING, FINE ARTS EDUCATION, AND PHYSICAL ACTIVITY. THIS APPROACH WILL ENCOURAGE ANALYTICAL, CREATIVE, AND PRACTICAL THINKING; STIMULATE TRADITIONAL AND DIGITAL LITERACY; AND FOSTER A STRONG WORK ETHIC, SELF-DISCIPLINE AND PERSONAL ACCOUNTABILITY, CONSIDERATION OF OTHERS, AND RESPECT FOR AUTHORITY. BY SETTING HIGH EXPECTATIONS OF THEMSELVES, OUR STUDENTS WILL GAIN THE KNOWLEDGE AND SKILLS NECESSARY FOR HIGHER LEVELS OF EDUCATION AND WILL BECOME CONFIDENT, PRODUCTIVE, AND COMPASSIONATE CITIZENS OF THEIR COMMUNITIES.
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IRS990/OccupancyGrp/ProgramServicesAmt084753
IRS990/OccupancyGrp/TotalAmt084753
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt014894
IRS990/OfficeExpensesGrp/ProgramServicesAmt034031
IRS990/OfficeExpensesGrp/TotalAmt048925
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0852729
IRS990/OtherAssetsTotalGrp/EOYAmt0895492
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08173
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt048021
IRS990/OtherEmployeeBenefitsGrp/TotalAmt056194
IRS990/OtherExpensesGrp/Desc0INSTRUCTION AND INSTRUC
IRS990/OtherExpensesGrp/Desc1FOOD SERVICES
IRS990/OtherExpensesGrp/Desc2PUPIL TRANSPORTATION SE
IRS990/OtherExpensesGrp/Desc3FISCAL SERVICES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt044870
IRS990/OtherExpensesGrp/ProgramServicesAmt0215053
IRS990/OtherExpensesGrp/ProgramServicesAmt181560
IRS990/OtherExpensesGrp/ProgramServicesAmt247191
IRS990/OtherExpensesGrp/TotalAmt0215053
IRS990/OtherExpensesGrp/TotalAmt181560
IRS990/OtherExpensesGrp/TotalAmt247191
IRS990/OtherExpensesGrp/TotalAmt344870
IRS990/OtherLiabilitiesGrp/BOYAmt01606468
IRS990/OtherLiabilitiesGrp/EOYAmt01572972
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0116539
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01347679
IRS990/OtherSalariesAndWagesGrp/TotalAmt01464218
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013870
IRS990/PayrollTaxesGrp/ProgramServicesAmt094488
IRS990/PayrollTaxesGrp/TotalAmt0108358
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt011090
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0378419
IRS990/PensionPlanContributionsGrp/TotalAmt0389509
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt065571
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt046544
IRS990/PrincipalOfficerNm0JANNA BARRS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0FOOD SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1COMMUNITY SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt083364
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt128435
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt083364
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt128435
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02610249
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03942
IRS990/PYOtherExpensesAmt0620090
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt099520
IRS990/PYRevenuesLessExpensesAmt0121447
IRS990/PYSalariesCompEmpBnftPaidAmt01972174
IRS990/PYTotalExpensesAmt02592264
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02713711
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0588675
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0111799
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01092613
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01681288
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/EquipmentGrp/BookValueAmt0185072
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0575111
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0760183
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02829173
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01194
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt029612
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt030806
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0895492
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS RELATED TO CHANGE IN THE NET PENSION LIABILITY
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03754563
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03754563
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt029234
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11527877
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt211828
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt34033
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS RELATED TO CHANGE IN THE NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NONCURRENT LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUE TO FIDUCIARY FUND
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03417848
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AND DETERMINED THAT THERE WERE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE SCHOOL.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CONSTRUCTION IN PROCESS $3,754,563
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PART VI 1E
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03940829
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0895492
IRS990ScheduleD/TotalExpensesPerForm990Amt02829173
IRS990ScheduleD/TotalLiabilityAmt01572972
IRS990ScheduleD/TotalRevenuePerForm990Amt03417848
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03417848
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02829173
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd00
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE FOLLOWING STATEMENT IS PLACED ON ALL ADVERTISING: "MADISON CREATIVE ARTS ACADEMY IS A TUITION-FREE PUBLIC CHARTER SCHOOL AND WILL NOT DISCRIMINATE ILLEGALLY ON THE BASIS OF SEX, RACE, RELIGION, NATIONAL ORIGIN, DISABILITY OR AGE AS TO EMPLOYMENT OR EDUCATIONAL PROGRAMS AND ACTIVITIES.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL DOES NOT PROVIDE ANY SCHOLARSHIPS OR FINANCIAL ASSISTANCE. NOR DOES THE SCHOOL SOLICIT CONTRIBUTIONS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL IS A PUBLIC CHARTER SCHOOL IN FLORIDA AND RECEIVES FTE MONIES FROM THE STATE OF FLORIDA THAT IS DISTRIBUTED BY THE MADISON COUNTY SCHOOL DISTRICT.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JENNIFER HARPER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0CFO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt010725
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0INDEPENDENT CONTRACTOR ARRANGEMENT WITH CHARLES RIVER CFO, INC. TO PROVIDE CFO SERVICES
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE TAX RETURN WAS PROVIDED TO EXECUTIVE DIRECTOR AND THE CHIEF FINANICAL OFFICER FOR REVIEW BEFORE FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS DETERMINED AND SET THE EXECUTIVE DIRECTOR SALARY AFTER COLLECTING DATA FROM THE MADISON COUNTY SCHOOL DISTRICT AND OTHER LOCAL CHARTER AND PRIVATE INSTITUTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS WILL ALSO BE AVAILABLE ON THE SCHOOL'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS CHARGES THE EXECUTIVE DIRECTOR AND CFO WITH OBTAINING AND EVALUATING QUOTES; HOWEVER, THE BOARD OF DIRECTORS IS RESPONSIBLE FOR MAKING THE FINAL SELECTION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02861566
IRS990/TotalAssetsEOYAmt06330636
IRS990/TotalAssetsGrp/BOYAmt02861566
IRS990/TotalAssetsGrp/EOYAmt06330636
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03300344
IRS990/TotalEmployeeCnt060
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0363108

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,330,636
Liabilities
$4,649,348
Net assets
$1,681,288
Revenue
$3,417,848
Expenses
$2,829,173
Net income
$588,675
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$10.1$8.22$1.87$4.04$4.18$0.14
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.3$8.30$2.01$3.98$4.27$0.28
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.5$8.15$2.30$3.75$3.84$0.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$8.36$2.39$3.36$3.10$0.26
2021Detailed filing. Detailed filing data is available for this year.$6.33$4.65$1.68$3.42$2.83$0.59
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.86$1.77$1.09$2.71$2.59$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.23$1.25$0.97$2.48$2.29$0.19
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.63$0.85$0.78$2.46$2.19$0.26
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.67$0.15$0.52$2.22$1.67$0.55