Civic Intelligence

Madison Creative Arts Academy Inc.

990 • Fiscal year 2022 • EIN 81-1173339

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 17, 2023

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

0.78x

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

90th percentile

2.48x

Higher debt load relative to revenue than 90% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

52nd percentile

7.8%

Higher net margin than 52% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

22nd percentile

$98,402

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

93rd percentile

70%

Faster asset growth than 93% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

39th percentile

-1.6%

Faster revenue growth than 39% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$10,751,605

Up $4,420,969 (+70%) from 2021

Net Assets

Up

$2,394,719

Up $713,431 (+42%) from 2021

Liabilities

Up

$8,356,886

Up $3,707,538 (+80%) from 2021

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin52nd percentile

Revenue

Down

$3,363,351

Down $54,497 (-1.6%) from 2021

Expenses

Up

$3,100,925

Up $271,752 (+9.6%) from 2021

Net Income

Down

$262,426

Down $326,249 (-55%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth93rd 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

2022

Assets$10,751,605
Liabilities$8,356,886
Net Assets$2,394,719
Open 2022 Filing

Operations Trend

Revenue Growth39th 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

2022

Revenue$3,363,351
Expenses$3,100,925
Net Income$262,426
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 17, 2023
Return Version
2021v4.2
Gross Receipts
$3,373,442
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$3,940,829$7,548,928▲ $3,608,099
Rtn Earn Endowment Incm Other Fnds$1,681,288$2,394,719▲ $713,431
Cash and Non-Interest-Bearing Accounts$1,145,269$1,997,637▲ $852,368
Accounts Receivable$302,502$154,684▼ $147,818
Intangible Assets-$152,623-
Prepaid Expenses and Deferred Charges$46,544$28,713▼ $17,831
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$6,330,636$10,751,605▲ $4,420,969
Other Assets Total$895,492$869,020▼ $26,472
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,676,683$6,269,000▲ $4,592,317
Other Liabilities$1,572,972$1,764,331▲ $191,359
Accounts Payable and Accrued Expenses$1,399,693$203,346▼ $1,196,347
Deferred Revenue-$120,209-
Total Liabilities$4,649,348$8,356,886▲ $3,707,538
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,681,288$2,394,719▲ $713,431
Total Liabilities and Net Assets / Fund Balance$6,330,636$10,751,605▲ $4,420,969

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,366,413$184,987$7,551,400
Equipment$181,674$366,813$548,487
Other Land Buildings$841$24,966$25,807
Other Assets Org$867,520--
Compensation and Service Providers
Top Officer Pay22nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Janna BarrsExecutive DirectorFT$81,859$16,543$98,402

Board Members and Trustees

NameTitle
Troy BradfieldPresident
Amanda NorrisVice President
Daniel HavardBoard Member
Ella HowardBoard Member
Jennifer PageBoard Member
Lakeshia DennisBoard Member
Willy HamrickBoard Member
Jennifer HarperCFO
Melanie TerrillSecretary
Allison FinleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,238,973
Program Service Revenue
$129,743
Investment Income
$-5,365
Other Revenue
$0
All Other Contributions
$8,066
Change in Net Assets
$262,426

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,363,351
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$10,091
Total Revenue per Audited Statements
$3,373,442
Total Revenue per Form 990
$3,363,351
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,014,661
Other Expenses$1,086,264
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,426,678$109,874-$1,536,552
Pension Plan Contributions$186,200$12,155-$198,355
Interest$188,400$44-$188,444
Occupancy$136,060--$136,060
Depreciation Depletion$127,648--$127,648
Payroll Taxes$102,266$13,939-$116,205
Current Officers, Directors, Trustees, and Key Employees-$107,972-$107,972
Fees for Services Other$1,934$67,394-$69,328
Other Employee Benefits$43,896$11,681-$55,577
Office Expenses$37,748$16,252-$54,000
Insurance$38,318--$38,318
Other Expenses$56,397$36,075-$36,075
All Other Expenses$27,406$6,591-$33,997
Fees for Services Legal$33,361--$33,361
Information Technology$12,010--$12,010
Travel$435$700-$1,135
Advertising-$528-$528
Total Functional Expenses$2,717,720$383,205$0$3,100,925

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,111,016
Expenses per Audited Statements$3,100,925
Total Expenses per Form 990$3,100,925
Expenses Not Reported on Form 990$10,091
Expenses Not Reported on Financial Statements$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$15,640
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Inflows Related to Change in the Net Pension Liability$813,006
Net Pension Liability$755,740
Lease Liability$162,594
Noncurrent Liabilities$22,580
Due to Fiduciary Fund$10,411
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
2023-04-17
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
59
Volunteers
3

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.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Loss of disposal of fixed assets 10,091.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Loss of disposal of fixed assets 10,091.”

Raw XML AppendixShowing 400 of 491 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/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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt06269000
IRS990/NetAssetsOrFundBalancesBOYAmt01681288
IRS990/NetAssetsOrFundBalancesEOYAmt02394719
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-10091
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0136060
IRS990/OccupancyGrp/TotalAmt0136060
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IRS990/OfficeExpensesGrp/ProgramServicesAmt037748
IRS990/OfficeExpensesGrp/TotalAmt054000
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/BOYAmt0895492
IRS990/OtherAssetsTotalGrp/EOYAmt0869020
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt011681
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt043896
IRS990/OtherEmployeeBenefitsGrp/TotalAmt055577
IRS990/OtherExpensesGrp/Desc0INSTRUCTION AND INSTRUC
IRS990/OtherExpensesGrp/Desc1FOOD SERVICES
IRS990/OtherExpensesGrp/Desc2PUPIL TRANSPORTATION SE
IRS990/OtherExpensesGrp/Desc3FISCAL SERVICES
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IRS990/OtherExpensesGrp/ProgramServicesAmt0216388
IRS990/OtherExpensesGrp/ProgramServicesAmt182575
IRS990/OtherExpensesGrp/ProgramServicesAmt256397
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IRS990/OtherExpensesGrp/TotalAmt336075
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0109874
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01426678
IRS990/OtherSalariesAndWagesGrp/TotalAmt01536552
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013939
IRS990/PayrollTaxesGrp/ProgramServicesAmt0102266
IRS990/PayrollTaxesGrp/TotalAmt0116205
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt012155
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0186200
IRS990/PensionPlanContributionsGrp/TotalAmt0198355
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt046544
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt028713
IRS990/PrincipalOfficerNm0JANNA BARRS
IRS990/PriorPeriodAdjustmentsAmt0451005
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0FOOD SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1COMMUNITY SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt098557
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt131186
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt098557
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt131186
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYOtherExpensesAmt0712562
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0111799
IRS990/PYRevenuesLessExpensesAmt0588675
IRS990/PYSalariesCompEmpBnftPaidAmt02116611
IRS990/PYTotalExpensesAmt02829173
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03417848
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0262426
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0129743
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01681288
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02394719
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt07366413
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0184987
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07551400
IRS990ScheduleD/EquipmentGrp/BookValueAmt0181674
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0366813
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0548487
IRS990ScheduleD/ExpensesNotReportedAmt010091
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03100925
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1867520
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
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IRS990ScheduleD/OtherExpensesIncludedAmt010091
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0841
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt024966
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt025807
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0813006
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1755740
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt210411
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt322580
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4162594
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS RELATED TO CHANGE IN THE NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO FIDUCIARY FUND
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3NONCURRENT LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4LEASE LIABILITY
IRS990ScheduleD/OtherRevenueAmt010091
IRS990ScheduleD/RevenueNotReportedAmt010091
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03363351
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/ExplanationTxt1LOSS OF DISPOSAL OF FIXED ASSETS 10,091.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LOSS OF DISPOSAL OF FIXED ASSETS 10,091.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07548928
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0869020
IRS990ScheduleD/TotalExpensesPerForm990Amt03100925
IRS990ScheduleD/TotalLiabilityAmt01764331
IRS990ScheduleD/TotalRevenuePerForm990Amt03363351
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03373442
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03111016
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/TransactionAmt015640
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.

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,751,605
Liabilities
$8,356,886
Net assets
$2,394,719
Revenue
$3,363,351
Expenses
$3,100,925
Net income
$262,426
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
2022Detailed filing. Detailed filing data is available for this year.$10.8$8.36$2.39$3.36$3.10$0.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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