Civic Intelligence

Olympus International Academy Inc

EIN 83-2594222 • 501(c)3 • Boca Raton, FL

Profile

Our mission is to provide a 21st century curriculum and the knowledge and skills for global competency to k-8 students in our community. A global dimension is added to all disciplines/content areas. We infuse the steam program in all grade levels, beginning in kindergarten and project-based learning that supports inventing and entrepreneurship. Our classrooms provide differentiation through flexible grouping and small group instruction. World geography, languages and cultures are an integral part of the education we provide for our students who will be prepared to take an important place in a global society.

8411 W Palmetto Park RoadBoca Raton, FL 33433

www.oi.academy

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.95x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

2.65x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

60th percentile

8.9%

Higher net margin than 60% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

24th percentile

$110,000

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

33rd percentile

-0.2%

Faster asset growth than 33% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

71st percentile

20%

Faster revenue growth than 71% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$14,118,327

Down $21,700 (-0.2%) from 2023

Liabilities

Down

$13,395,973

Down $473,800 (-3.4%) from 2023

Net Assets

Up

$722,354

Up $452,100 (+167%) from 2023

Operations
Liabilities / Revenue91st percentileNet Margin60th percentile

Revenue

Up

$5,053,410

Up $857,899 (+20%) from 2023

Expenses

Up

$4,601,310

Up $497,420 (+12%) from 2023

Net Income

Up

$452,100

Up $360,479 (+393%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth33rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0-$5.0MAssets 2020: $291,565Liabilities 2020: $468,989Net Assets 2020: -$177,4242020Assets 2021: $346,683Liabilities 2021: $472,847Net Assets 2021: -$126,1642021Assets 2022: $2,321,981Liabilities 2022: $2,143,348Net Assets 2022: $178,6332022Assets 2023: $14,140,027Liabilities 2023: $13,869,773Net Assets 2023: $270,2542023Assets 2024: $14,118,327Liabilities 2024: $13,395,973Net Assets 2024: $722,3542024

Highlighted filing

2024

Assets$14,118,327
Liabilities$13,395,973
Net Assets$722,354
Open 2024 Filing

Operations Trend

Revenue Growth71st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2020: $1,808,292Expenses 2020: $1,891,568Net Income 2020: -$83,2762020Revenue 2021: $2,459,931Expenses 2021: $2,408,671Net Income 2021: $51,2602021Revenue 2022: $3,679,245Expenses 2022: $3,374,448Net Income 2022: $304,7972022Revenue 2023: $4,195,511Expenses 2023: $4,103,890Net Income 2023: $91,6212023Revenue 2024: $5,053,410Expenses 2024: $4,601,310Net Income 2024: $452,1002024

Highlighted filing

2024

Revenue$5,053,410
Expenses$4,601,310
Net Income$452,100
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,118,327
Liabilities
$13,395,973
Net assets
$722,354
Revenue
$5,053,410
Expenses
$4,601,310
Net income
$452,100
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$14.1$13.4$0.72$5.05$4.60$0.45
2023Detailed filing. Detailed filing data is available for this year.$14.1$13.9$0.27$4.20$4.10$0.09
2022Detailed filing. Detailed filing data is available for this year.$2.32$2.14$0.18$3.68$3.37$0.30
2021Detailed filing. Detailed filing data is available for this year.$0.35$0.47$0.13$2.46$2.41$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.29$0.47$0.18$1.81$1.89$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Dec 13, 2024
Return Version
2023v5.1
Gross Receipts
$5,053,410
Mission and Program Overview

Mission

Our mission is to provide a 21st century curriculum and the knowledge and skills for global competency to k-8 students in our community.a global dimension is added to all disciplines/content areas. We infuse the steam program in all levels, beginning in kindergarten and project-based learning that supports inventing and entrepreneurship. Our classrooms provide differentiation through flexible grouping and work stations. World geography, languages and cultures are an integral part of the education provided for our students who will be prepared to take an important place in a global society.

Our mission is to provide a 21st century curriculum and the knowledge and skills for global competency to k-8 students in our community. A global dimension is added to all disciplines/content areas. We infuse the steam program in all grade levels, beginning in kindergarten and project-based learning that supports inventing and entrepreneurship. Our classrooms provide differentiation through flexible grouping and small group instruction. World geography, languages and cultures are an integral part of the education we provide for our students who will be prepared to take an important place in a global society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$13,453,030$13,075,604▼ $377,426
Cash and Non-Interest-Bearing Accounts$610,923$818,188▲ $207,265
Prepaid Expenses and Deferred Charges-$60,769-
Total Assets$14,140,027$14,118,327▼ $21,700
Other Assets Total$76,074$163,766▲ $87,692
Liabilities
Other Liabilities$13,623,120$13,194,147▼ $428,973
Accounts Payable and Accrued Expenses$125,220$128,393▲ $3,173
Mortgage Notes Payable Secured by Investment Property$121,433$73,433▼ $48,000
Total Liabilities$13,869,773$13,395,973▼ $473,800
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$402,684-
Net Assets Without Donor Restrictions$270,254$319,670▲ $49,416
Total Net Assets Fund Balance$270,254$722,354▲ $452,100
Total Liabilities and Net Assets / Fund Balance$14,140,027$14,118,327▼ $21,700

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$12,750,386$1,209,522$13,959,908
Equipment$159,539$284,387$443,926
Leasehold Improvements$165,679$15,356$181,035
Compensation and Service Providers
Top Officer Pay24th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Nancy SwensonPrincipalFT$110,000$110,000

Board Members and Trustees

NameTitle
Joseph MullenChair
Alvaro DelolmoMember
Charlene ThomasMember
Revenue and Support

Revenue Composition

Contributions and Grants
$626,049
Program Service Revenue
$4,051,020
Investment Income
$0
Other Revenue
$376,341
All Other Contributions
$626,049
Change in Net Assets
$452,100

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,053,410
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,053,410
Total Revenue per Form 990
$5,053,410
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,351,825
Other Expenses$2,249,485
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,678,893$296,275-$1,975,168
Depreciation Depletion$574,890$141,451-$716,341
Interest$186,839$32,972-$219,811
Payroll Taxes$130,763$23,076-$153,839
All Other Expenses$103,706$18,301-$122,007
Other Expenses$98,723$17,422-$116,145
Current Officers, Directors, Trustees, and Key Employees$97,750$17,250-$115,000
Other Employee Benefits$91,645$16,173-$107,818
Total Functional Expenses$3,911,113$690,197$0$4,601,310

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,601,310
Total Expenses per Audited Statements$4,601,310
Total Expenses per Form 990$4,601,310
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right-to-use Liability$13,194,147
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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 B, Line 11B

“The board of directors reviews the form 990 at the board meetings.”

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

“The board sign an affedavit that there is no conflict of interest upon becoming a board member.”

Form 990, Part VI, Section B, Line 15

“Salaries are compared with other professionals in the industry based upon credentials and experience.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Olympus International Academy Inc
EIN
83-2594222
Phone
5619005323
Address
8411 W PALMETTO PARK ROAD, BOCA RATON, FL 33433

Signing Officer

Name
Joseph Mullen
Title
Chair
Phone
5619005323
Signed
2024-12-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Mullen
Formed
2016
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
69
Volunteers
0

Preparer

Firm
Verdeja & Alvarez Llp
Address
255 ALHAMBRA CIR STE 630, CORAL GABLES, FL 33134-7417
Preparer
Octavio a Verdeja
Phone
3054463177
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization has adopted the provisions of asc no 740, "accounting for uncertainty in income taxes" ("asc no 740"). Asc 740 required that the impact of tax positions to be recognized in the financial statements if they are more likely than not of being sustained upon examination. Accordingly, no provision for income taxes is made in the financial statements. At 6/30/24, there were no uncertain tax positions. The organization files tax returns with us federal and other tax authorities for which statue limitations may go back to the year ended 2021.”

Raw XML Appendix366 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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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04601310
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0165679
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt015356
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0181035
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt012750386
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01209522
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt013959908
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013194147
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RIGHT-TO-USE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05053410
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF ASC NO 740, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" ("ASC NO 740"). ASC 740 REQUIRED THAT THE IMPACT OF TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THEY ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON EXAMINATION. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THE FINANCIAL STATEMENTS. AT 6/30/24, THERE WERE NO UNCERTAIN TAX POSITIONS. THE ORGANIZATION FILES TAX RETURNS WITH US FEDERAL AND OTHER TAX AUTHORITIES FOR WHICH STATUE LIMITATIONS MAY GO BACK TO THE YEAR ENDED 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013075604
IRS990ScheduleD/TotalExpensesPerForm990Amt04601310
IRS990ScheduleD/TotalLiabilityAmt013194147
IRS990ScheduleD/TotalRevenuePerForm990Amt05053410
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05053410
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04601310
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0RACIALLY NONDISCRIMINATORY POLICY INCLUDED IN POLICY MANUAL AND MADE KNOWN DURING REGISTRATION SOLICITATION OF STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWS THE FORM 990 AT THE BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD SIGN AN AFFEDAVIT THAT THERE IS NO CONFLICT OF INTEREST UPON BECOMING A BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SALARIES ARE COMPARED WITH OTHER PROFESSIONALS IN THE INDUSTRY BASED UPON CREDENTIALS AND EXPERIENCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt014118327
IRS990/TotalAssetsGrp/BOYAmt014140027
IRS990/TotalAssetsGrp/EOYAmt014118327
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0626049
IRS990/TotalEmployeeCnt069
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0690197
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03911113
IRS990/TotalFunctionalExpensesGrp/TotalAmt04601310
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013869773
IRS990/TotalLiabilitiesEOYAmt013395973
IRS990/TotalLiabilitiesGrp/BOYAmt013869773
IRS990/TotalLiabilitiesGrp/EOYAmt013395973
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0270254
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0722354
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03911113
IRS990/TotalProgramServiceRevenueAmt04051020
IRS990/TotalReportableCompFromOrgAmt0110000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04427361
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05053410
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt014140027
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt014118327
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08411 W PALMETTO PARK ROAD
IRS990/USAddress/CityNm0BOCA RATON
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033433
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.OI.ACADEMY
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH MULLEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum05619005323
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-12-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OLYMPUS INTERNATIONAL ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0OLYM
ReturnHeader/Filer/EIN0832594222
ReturnHeader/Filer/PhoneNum05619005323
ReturnHeader/Filer/USAddress/AddressLine1Txt08411 W PALMETTO PARK ROAD
ReturnHeader/Filer/USAddress/CityNm0BOCA RATON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033433
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0204989621
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VERDEJA & ALVAREZ LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0255 ALHAMBRA CIR STE 630
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CORAL GABLES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0331347417
ReturnHeader/PreparerPersonGrp/PhoneNum03054463177
ReturnHeader/PreparerPersonGrp/PreparationDt02024-12-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0OCTAVIO A VERDEJA
ReturnHeader/ReturnTs02024-12-13T11:26:23-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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