Civic Intelligence

Classical Education Network Inc.

EIN 87-3871530 • 501(c)3 • Naples, FL

Pub. 78 EligibleNTEE B29

Profile

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.

3369 Pine Ridge Blvd 204Naples, FL 34109

www.optimaacademy.online

Siviq Scores

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

Liabilities / Assets

89th percentile

1.01x

Higher debt load relative to assets than 89% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

13.94x

Higher debt load relative to revenue than 94% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Source year 2024

Net Margin

22nd percentile

-8.9%

Higher net margin than 22% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

NTEE B • $25M-$50M nonprofits • Source year 2024

Asset Growth

98th percentile

622%

Faster asset growth than 98% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

121%

Faster revenue growth than 91% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$34,451,668

Up $29,678,659 (+622%) from 2023

Liabilities

Up

$34,821,052

Up $29,901,259 (+608%) from 2023

Net Assets

Down

-$369,384

Down $222,600 (-152%) from 2023

Operations
Liabilities / Revenue94th percentileNet Margin22nd percentile

Revenue

Up

$2,497,433

Up $1,368,106 (+121%) from 2023

Expenses

Up

$2,720,033

Up $1,443,922 (+113%) from 2023

Net Income

Down

-$222,600

Down $75,816 (-52%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth98th percentile

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

$40M$30M$20M$10M$0-$10MAssets 2023: $4,773,009Liabilities 2023: $4,919,793Net Assets 2023: -$146,7842023Assets 2024: $34,451,668Liabilities 2024: $34,821,052Net Assets 2024: -$369,3842024

Highlighted filing

2024

Assets$34,451,668
Liabilities$34,821,052
Net Assets-$369,384
Open 2024 Filing

Operations Trend

Revenue Growth91st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2023: $1,129,327Expenses 2023: $1,276,111Net Income 2023: -$146,7842023Revenue 2024: $2,497,433Expenses 2024: $2,720,033Net Income 2024: -$222,6002024

Highlighted filing

2024

Revenue$2,497,433
Expenses$2,720,033
Net Income-$222,600
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$34,451,668
Liabilities
$34,821,052
Net assets
-$369,384
Revenue
$2,497,433
Expenses
$2,720,033
Net income
-$222,600
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$34.5$34.8$0.37$2.50$2.72$0.22
2023Detailed filing. Detailed filing data is available for this year.$4.77$4.92$0.15$1.13$1.28$0.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 1, 2025
Return Version
2023v6.0
Gross Receipts
$2,497,433
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.

To provide an excellent, virtue-centered education using a classical curriculum, great books, and innovative content delivery in the context of a sincere and inspiring community of scholars.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,064,962$4,064,962→ $0
Other Notes and Loans Receivable, Net$391,500$0▼ $391,500
Cash and Non-Interest-Bearing Accounts$44,062$57,055▲ $12,993
Prepaid Expenses and Deferred Charges$19,010$0▼ $19,010
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-146,784$-369,384▼ $222,600
Total Assets$4,773,009$34,451,668▲ $29,678,659
Other Assets Total$253,475$30,329,651▲ $30,076,176
Liabilities
Tax Exempt Bond Liabilities$0$28,785,625▲ $28,785,625
Mortgage Notes Payable Secured by Investment Property$4,500,000$4,500,000→ $0
Other Liabilities$0$1,487,551▲ $1,487,551
Unsecured Notes Loans Payable$419,793$42,368▼ $377,425
Accounts Payable and Accrued Expenses$0$5,508▲ $5,508
Total Liabilities$4,919,793$34,821,052▲ $29,901,259
Net Assets / Fund Balance
Total Net Assets Fund Balance$-146,784$-369,384▼ $222,600
Total Liabilities and Net Assets / Fund Balance$4,773,009$34,451,668▲ $29,678,659

Asset Categories

AssetBook ValueDepreciationBasis
Land$4,064,962-$4,064,962
Other Assets Org$1,487,551--
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Glenton GilzeanVice Chairman
Donalds BurgessDirector
Gifford BriggsDirector
Kenneth WonstolenDirector
Christopher HudsonChariman
Eric JohnsonChariman
Cary MitchellSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Optimaed LLCManagement Fee3369 PINERIDGE RD SUITE 204, Naples, FL 34109$2,365,596
Revenue and Support

Revenue Composition

Contributions and Grants
$3,000
Program Service Revenue
$2,494,433
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,000
Change in Net Assets
$-222,600

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,497,433
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,497,433
Total Revenue per Form 990
$2,497,433
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,720,033
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$2,400,424--$2,400,424
Interest$199,019--$199,019
Other Expenses$120,590--$120,590
Total Functional Expenses$2,720,033$0$0$2,720,033

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,720,033
Expenses per Audited Statements$2,497,437
Total Expenses per Audited Statements$2,497,437
Expenses Not Reported on Financial Statements$222,596
Other Expense Adjustments$222,596
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
Accrued Interest on Bond Payable$1,487,551

Bond Issues

BondIssuerIssuedIssue PricePurpose
ASeries 2023a Bonds2023-10-31$28,620,000Educational facilites construction
BSeries 2023b Bonds2023-10-31$530,000Educational facilites construction

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A---$209,840
B---$444,373
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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

“A copy of the 990 is provided to ceo and director of finance for review and completeness. It then is provided to the board of directors. Comments and/or questions are encouraged and resolved before final approval.”

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

“Board members are required to sign an annual attestation of receipt of the conflict of interest policy and disclosure of any conflicts.”

Form 990, Part VI, Section B, Line 15

“The governing board reviews and approves principal compensation.”

Form 990, Part VI, Section C, Line 19

“Governing documents are published on the board's annual meeting agenda. Financials are posted to the school's website.”

Filing and Contact Details

Filer

Filer Name
Classical Education Network Inc
EIN
87-3871530
Phone
2392020403
Address
3369 PINE RIDGE BLVD 204, NAPLES, FL 34109

Signing Officer

Name
Chris Hudson
Title
Chairman
Phone
2392405658
Signed
2025-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Hudson
Formed
2021
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Ceiba Cpas and Consultants LLC
Address
28400 BONITA CROSSINGS BLVD SUITE, 100, BONITA SPRINGS, FL 34135
Preparer
Yamirka Suyi CPA
Phone
2396315305
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The school, under a dba for cen, qualifies as a tax-exempt organization under internal revenue code section 501(c)(3), and is therefore, exempt from income taxes. All of the cen related schools have the same ein. Accordingly, no tax provision has been made in the accompanying financial statements. Additionally, no uncertain tax positions have been made requiring disclosure in the related notes to the financial statements”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Debt interest 199,019. Adjustment dues & fees -11,252. Additional management fees 34,829.”

Raw XML AppendixShowing 400 of 424 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt05508
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE AN EXCELLENT, VIRTUE-CENTERED EDUCATION USING A CLASSICAL CURRICULUM, GREAT BOOKS, AND INNOVATIVE CONTENT DELIVERY IN THE CONTEXT OF A SINCERE AND INSPIRING COMMUNITY OF SCHOLARS.
IRS990/AllOtherContributionsAmt03000
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/PersonNm0LUANEL ROCAFORT
IRS990/BooksInCareOfDetail/PhoneNum02393785965
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03369 PINE RIDGE SUITE 204
IRS990/BooksInCareOfDetail/USAddress/CityNm0NAPLES
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd034109
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt044062
IRS990/CashNonInterestBearingGrp/EOYAmt057055
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt02365596
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt03369 PINERIDGE RD SUITE 204
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0NAPLES
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0FL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd034109
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0OPTIMAED LLC
IRS990/ContractorCompensationGrp/ServicesDesc0MANAGEMENT FEE
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt03000
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt02720033
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt02494433
IRS990/CYRevenuesLessExpensesAmt0-222600
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt02720033
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02497433
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0TO 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.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountInd00
IRS990/ExpenseAmt02720033
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt02400424
IRS990/FeesForServicesManagementGrp/TotalAmt02400424
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0CHRISTOPHER HUDSON
IRS990/Form990PartVIISectionAGrp/PersonNm1GLENTON GILZEAN
IRS990/Form990PartVIISectionAGrp/PersonNm2DONALDS BURGESS
IRS990/Form990PartVIISectionAGrp/PersonNm3CARY MITCHELL
IRS990/Form990PartVIISectionAGrp/PersonNm4ERIC JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm5GIFFORD BRIGGS
IRS990/Form990PartVIISectionAGrp/PersonNm6KENNETH WONSTOLEN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHARIMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHARIMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02021
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02497433
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/ProgramServicesAmt0199019
IRS990/InterestGrp/TotalAmt0199019
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04064962
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04064962
IRS990/LandBldgEquipCostOrOtherBssAmt04064962
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04500000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04500000
IRS990/NetAssetsOrFundBalancesBOYAmt0-146784
IRS990/NetAssetsOrFundBalancesEOYAmt0-369384
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0253475
IRS990/OtherAssetsTotalGrp/EOYAmt030329651
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0DUES & FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt0120590
IRS990/OtherExpensesGrp/TotalAmt0120590
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt01487551
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0391500
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt019010
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0CHRIS HUDSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0FEFP FUNDS (FL)
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02494433
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02494433
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt035100
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01276111
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01094227
IRS990/PYRevenuesLessExpensesAmt0-146784
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01276111
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01129327
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-222600
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02494433
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-146784
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-369384
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0222596
IRS990ScheduleD/ExpensesSubtotalAmt02497437
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt04064962
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04064962
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt056475
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt128785625
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21487551
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2CAPITALIZED INTEREST ON BONDS PAYABLES
IRS990ScheduleD/OtherExpensesNotIncludedAmt0222596
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01487551
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST ON BOND PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02497433
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL, UNDER A DBA FOR CEN, QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3), AND IS THEREFORE, EXEMPT FROM INCOME TAXES. ALL OF THE CEN RELATED SCHOOLS HAVE THE SAME EIN. ACCORDINGLY, NO TAX PROVISION HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. ADDITIONALLY, NO UNCERTAIN TAX POSITIONS HAVE BEEN MADE REQUIRING DISCLOSURE IN THE RELATED NOTES TO THE FINANCIAL STATEMENTS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DEBT INTEREST 199,019. ADJUSTMENT DUES & FEES -11,252. ADDITIONAL MANAGEMENT FEES 34,829.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04064962
IRS990ScheduleD/TotalBookValueOtherAssetsAmt030329651
IRS990ScheduleD/TotalExpensesPerForm990Amt02720033
IRS990ScheduleD/TotalLiabilityAmt01487551
IRS990ScheduleD/TotalRevenuePerForm990Amt02497433
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02497433
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02497437
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
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02023-10-31
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12023-10-31
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum074443DKF7
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum174443DKE0
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt028620000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt1530000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0SERIES 2023A BONDS
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1SERIES 2023B BONDS
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0EDUCATIONAL FACILITES CONSTRUCTION
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1EDUCATIONAL FACILITES CONSTRUCTION
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd11
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt023786312
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt03460365
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt164081
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd11
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0209840
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt1444373
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd10
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd10
IRS990ScheduleK/TaxExemptBondsProceedsGrp/UnspentAmt0805733
IRS990ScheduleK/TaxExemptBondsProceedsGrp/UnspentAmt114921
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE 990 IS PROVIDED TO CEO AND DIRECTOR OF FINANCE FOR REVIEW AND COMPLETENESS. IT THEN IS PROVIDED TO THE BOARD OF DIRECTORS. COMMENTS AND/OR QUESTIONS ARE ENCOURAGED AND RESOLVED BEFORE FINAL APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO SIGN AN ANNUAL ATTESTATION OF RECEIPT OF THE CONFLICT OF INTEREST POLICY AND DISCLOSURE OF ANY CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BOARD REVIEWS AND APPROVES PRINCIPAL COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE PUBLISHED ON THE BOARD'S ANNUAL MEETING AGENDA. FINANCIALS ARE POSTED TO THE SCHOOL'S WEBSITE.
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
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0CLASSICAL EDUCATION NETWORK INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1CLASSICAL EDUCATION NETWORK INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0CEN GLADIOLUS LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1CEN ESTERO LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt00
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt10
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1FL
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt00
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt10
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt06278 N FEDERAL HIGHWAY STE 384
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt16278 N FEDERAL HIGHWAY STE 384
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0FT LAUDERDALE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1FT LAUDERDALE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1FL
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd033308
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd133308
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt028785625
IRS990/TaxExemptBondsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04773009
IRS990/TotalAssetsEOYAmt034451668
IRS990/TotalAssetsGrp/BOYAmt04773009
IRS990/TotalAssetsGrp/EOYAmt034451668
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02720033
IRS990/TotalFunctionalExpensesGrp/TotalAmt02720033
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04919793
IRS990/TotalLiabilitiesEOYAmt034821052
IRS990/TotalLiabilitiesGrp/BOYAmt04919793
IRS990/TotalLiabilitiesGrp/EOYAmt034821052
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-146784
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-369384
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02720033
IRS990/TotalProgramServiceRevenueAmt02494433
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02494433
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02497433
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04773009
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt034451668
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0419793
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt042368
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03369 PINE RIDGE RD SUITE 204
IRS990/USAddress/CityNm0NAPLES
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034109
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0HTTPS://WWW.OPTIMAACADEMY.ONLINE/
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRIS HUDSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum02392405658
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.