Civic Intelligence

Phoenix Education Network Inc.

990 • Fiscal year 2022 • EIN 84-2776904

Jul 01, 2021 to Jun 30, 2022 • Filed on May 12, 2023

Organization ProfileWWW.NAPLESCLASSICAL.ORG

View Organization Page

10270 Immokalee RoadNaples, FL 34120

(239) 449-8773

Siviq Scores

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

Liabilities / Assets

96th percentile

1.10x

Higher debt load relative to assets than 96% of similar nonprofits.

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

Liabilities / Revenue

90th percentile

2.56x

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

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

Net Margin

16th percentile

-11%

Higher net margin than 16% of similar nonprofits.

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

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

41st percentile

-2.1%

Faster asset growth than 41% of similar nonprofits.

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

Revenue Growth

100th percentile

12493%

Faster revenue growth than 100% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$24,220,134

Down $531,049 (-2.1%) from 2021

Net Assets

Down

-$2,474,343

Down $1,752,969 (-243%) from 2021

Liabilities

Up

$26,694,477

Up $1,221,920 (+4.8%) from 2021

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin16th percentile

Revenue

Up

$10,447,056

Up $10,364,095 (+12493%) from 2021

Expenses

Up

$11,571,902

Up $10,806,501 (+1412%) from 2021

Net Income

Down

-$1,124,846

Down $442,406 (-65%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$30M$20M$10M$0-$10MAssets 2021: $24,751,183Liabilities 2021: $25,472,557Net Assets 2021: -$721,3742021Assets 2022: $24,220,134Liabilities 2022: $26,694,477Net Assets 2022: -$2,474,3432022Assets 2023: $23,992,768Liabilities 2023: $26,508,070Net Assets 2023: -$2,515,3022023Assets 2025: $27,670,954Liabilities 2025: $28,263,565Net Assets 2025: -$592,6112025

Highlighted filing

2022

Assets$24,220,134
Liabilities$26,694,477
Net Assets-$2,474,343
Open 2022 Filing

Operations Trend

Revenue Growth100th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2021: $82,961Expenses 2021: $765,401Net Income 2021: -$682,4402021Revenue 2022: $10,447,056Expenses 2022: $11,571,902Net Income 2022: -$1,124,8462022Revenue 2023: $12,040,262Expenses 2023: $12,122,811Net Income 2023: -$82,5492023Revenue 2025: $12,475,423Expenses 2025: $11,442,739Net Income 2025: $1,032,6842025

Highlighted filing

2022

Revenue$10,447,056
Expenses$11,571,902
Net Income-$1,124,846
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 12, 2023
Return Version
2021v4.2
Gross Receipts
$10,499,559
Mission and Program Overview

Mission

To train the minds and improve the hearts of young people through a content-rich classical education in the liberal arts and sciences, with instruction in the principles of moral character and civic virtue.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,072,873$19,874,176▲ $14,801,303
Cash and Non-Interest-Bearing Accounts$364,160$1,455,738▲ $1,091,578
Savings and Temporary Cash Investments-$837,412-
Intangible Assets$603,486--
Accounts Receivable-$396,417-
Prepaid Expenses and Deferred Charges$2,833--
Total Assets$24,751,183$24,220,134▼ $531,049
Other Assets Total$18,707,831$1,656,391▼ $17,051,440
Liabilities
Tax Exempt Bond Liabilities$23,150,000$23,150,000→ $0
Other Liabilities$1,530,000$1,530,000→ $0
Accounts Payable and Accrued Expenses$192,557$1,414,477▲ $1,221,920
Unsecured Notes Loans Payable$600,000$600,000→ $0
Total Liabilities$25,472,557$26,694,477▲ $1,221,920
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-721,374$-2,474,343▼ $1,752,969
Total Net Assets Fund Balance$-721,374$-2,474,343▼ $1,752,969
Total Liabilities and Net Assets / Fund Balance$24,751,183$24,220,134▼ $531,049

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,155,207$362,954$14,518,161
Land$5,012,000-$5,012,000
Equipment$706,969$148,948$855,917
Other Assets Org$1,656,391--
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Matthew MathiasChairman
Derrick AyersVice-chairman
Mark RussoDirector
William TruogDirector
Holly Raass MillerSecretary
Timothy HallTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
The Optima Foundation INCManagement Services15275 COLLIER BLVD, Naples, FL 34119$757,773
Educators Solutions INCPayroll Services4239 SW HIGH MEADOWS AVE, Palm City, FL 34990$504,225
Lintons Food Service ManagmentFood Services10 SENTRY PARKWAY SUITE 110, Blue Bell, PA 19422$164,532
Revenue and Support

Revenue Composition

Contributions and Grants
$10,377,951
Program Service Revenue
$117,819
Investment Income
$1,039
Other Revenue
$-49,753
All Other Contributions
$111,776
Change in Net Assets
$-1,124,846

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,447,056
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$52,503
Total Revenue per Audited Statements
$10,499,559
Total Revenue per Form 990
$10,447,056
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,517,274
Salaries, Compensation, and Employee Benefits$5,054,628
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,467,344--$4,467,344
Fees for Services Other$1,660,959--$1,660,959
Interest$1,645,965--$1,645,965
Fees for Services Management-$1,243,998-$1,243,998
Office Expenses$745,493--$745,493
Depreciation Depletion$511,366--$511,366
Other Employee Benefits$435,250--$435,250
Occupancy$350,313--$350,313
Pension Plan Contributions$152,034--$152,034
Other Expenses$147,950--$147,950
Insurance$135,349--$135,349
Information Technology$60,042--$60,042
Travel$11,722--$11,722
Fees for Services Accounting$3,899--$3,899
Advertising$218--$218
Total Functional Expenses$10,327,904$1,243,998$0$11,571,902

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$11,624,405
Expenses per Audited Statements$11,571,902
Total Expenses per Form 990$11,571,902
Expenses Not Reported on Form 990$52,503
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$52,503
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Boosterthon$98,957-$49,151-
Family Fun Day$17,503-$2,591-
Total Events$125,155-$52,503$-52,503
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Series 2021c Taxable Educational Facilities Revenue Bonds$1,530,000

Bond Issues

BondIssuerIssuedIssue PricePurpose
AFl Dev Fin Corp-a2021-01-01$17,550,000SEE PART VI
BFl Dev Fin Corp-b2021-01-01$5,600,000SEE PART VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$17,550,000--$463,096
B$5,600,000--$147,768

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
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
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 draft form 990 is provided to management and the board of directors. Comments and/or questions are encouraged and resolved before final approval.”

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

“The organization confirms the enforcement of conflicts of interest through a written annual certification from each board member.”

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

“Compensation process for top official approved by board of directors.”

Form 990, Part VI, Section C, Line 19

“All governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Phoenix Education Network Inc
EIN
84-2776904
Phone
2394498773
Address
10270 IMMOKALEE ROAD, NAPLES, FL 34120
Doing Business As
Naples Classical Academy

Signing Officer

Name
Matthew Mathias
Title
Chairman
Phone
2394498773
Signed
2023-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Mathias
Formed
2019
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
6
Employees
112
Volunteers
313

Preparer

Firm
Whittaker Cooper (grennan Fender Llp)
Address
1692 W HIBISCUS BLVD, MELBOURNE, FL 32901
Preparer
Lynn Iacopelli CPA
Phone
3217233352
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Administration services: program service expenses 1,013,992. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,013,992. Food services: program service expenses 450,359. Management and general expenses 0. Fundraising expenses 0. Total expenses 450,359. Transportation services: program service expenses 91,380. Management and general expenses 0. Fundraising expenses 0. Total expenses 91,380. Plant and security services: program service expenses 13,147. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,147. Community and other services: program service expenses 92,081. Management and general expenses 0. Fundraising expenses 0. Total expenses 92,081.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising events expenses 52,503.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising events expenses 52,503.”

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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0152034
IRS990/PensionPlanContributionsGrp/TotalAmt0152034
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02833
IRS990/PrincipalOfficerNm0MATTHEW MATHIAS
IRS990/PriorPeriodAdjustmentsAmt0-628123
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0117819
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0117819
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt078982
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0404
IRS990/PYOtherExpensesAmt0666158
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03575
IRS990/PYRevenuesLessExpensesAmt0-682440
IRS990/PYSalariesCompEmpBnftPaidAmt099243
IRS990/PYTotalExpensesAmt0765401
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt082961
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1124846
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt02750
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0117819
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0837412
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/BuildingsGrp/BookValueAmt014155207
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0362954
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt014518161
IRS990ScheduleD/EquipmentGrp/BookValueAmt0706969
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0148948
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0855917
IRS990ScheduleD/ExpensesNotReportedAmt052503
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt011571902
IRS990ScheduleD/LandGrp/BookValueAmt05012000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt05012000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01656391
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DISCOUNT ON BONDS PAYABLE
IRS990ScheduleD/OtherExpensesIncludedAmt052503
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01530000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SERIES 2021C TAXABLE EDUCATIONAL FACILITIES REVENUE BONDS
IRS990ScheduleD/OtherRevenueAmt052503
IRS990ScheduleD/RevenueNotReportedAmt052503
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt010447056
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EVENTS EXPENSES 52,503.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EVENTS EXPENSES 52,503.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019874176
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01656391
IRS990ScheduleD/TotalExpensesPerForm990Amt011571902
IRS990ScheduleD/TotalLiabilityAmt01530000
IRS990ScheduleD/TotalRevenuePerForm990Amt010447056
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010499559
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011624405
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/ExplanationTxt0PUBLISHED ON THE ORGANIZATION'S WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0125155
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt098957
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt017503
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt08695
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt052503
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt0350
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0350
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BOOSTERTHON
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0FAMILY FUN DAY
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt098957
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt017503
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt08695
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0125155
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-52503
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0100
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0100
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt0311
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt052053
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt049151
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt02591
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02021-01-01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12021-01-01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0593270584
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN1593270584
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum034061UGU6
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum134061UGV4
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt017550000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt15600000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0FL DEV FIN CORP-A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1FL DEV FIN CORP-B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0SEE PART VI
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1SEE PART VI
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$24,220,134
Liabilities
$26,694,477
Net assets
-$2,474,343
Revenue
$10,447,056
Expenses
$11,571,902
Net income
-$1,124,846
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.7$28.3$0.59$12.5$11.4$1.03
2023Summary only. Only limited summary data is available for this year.$24.0$26.5$2.52$12.0$12.1$0.08
2022Detailed filing. Detailed filing data is available for this year.$24.2$26.7$2.47$10.4$11.6$1.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.8$25.5$0.72$0.08$0.77$0.68