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

Scores are not available for this record yet.

Balance Sheet

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

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

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, 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

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.”

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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:
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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

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