Civic Intelligence

Infinite Potential Learning Academy Inc.

990 • Fiscal year 2024 • EIN 92-2766408

Jul 01, 2023 to Jun 30, 2024 • Filed on Apr 30, 2025

Organization ProfileWWW.IPLAKIDS.ORG
1900 12th St SSt Petersburg, FL 33705

(727) 954-4934

Siviq Scores

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

Liabilities / Assets

98th percentile

4.01x

Higher debt load relative to assets than 98% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

0.56x

Higher debt load relative to revenue than 93% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

11th percentile

-42%

Higher net margin than 11% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

80th percentile

$3,500

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets98th percentile

Assets

$56,317

No earlier filing loaded for comparison.

Net Assets

-$169,788

No earlier filing loaded for comparison.

Liabilities

$226,105

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin11th percentile

Revenue

$407,236

No earlier filing loaded for comparison.

Expenses

$577,024

No earlier filing loaded for comparison.

Net Income

-$169,788

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$400K$200K$0-$200KAssets 2024: $56,317Liabilities 2024: $226,105Net Assets 2024: -$169,7882024Assets 2025: $129,520Liabilities 2025: $324,511Net Assets 2025: -$194,9912025

Highlighted filing

2024

Assets$56,317
Liabilities$226,105
Net Assets-$169,788
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2024: $407,236Expenses 2024: $577,024Net Income 2024: -$169,7882024Revenue 2025: $746,566Expenses 2025: $778,071Net Income 2025: -$31,5052025

Highlighted filing

2024

Revenue$407,236
Expenses$577,024
Net Income-$169,788
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 30, 2025
Return Version
2023v6.0
Gross Receipts
$407,236
Mission and Program Overview

Mission

Operation of grant part academy that provides a full curriculum and services for pre-k to 5th grade

Operation of grant part academy that provides a full curriculum and services for pre k to 5th

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$42,975▲ $42,975
Cash and Non-Interest-Bearing Accounts$0$13,342▲ $13,342
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$0$-169,788▼ $169,788
Total Assets$0$56,317▲ $56,317
Liabilities
Other Liabilities$0$226,105▲ $226,105
Total Liabilities$0$226,105▲ $226,105
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$-169,788▼ $169,788
Total Liabilities and Net Assets / Fund Balance$0$56,317▲ $56,317

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$42,975$7,163$50,138
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Twanna MonroePresidentFT$3,500$3,500

Board Members and Trustees

NameTitle
Gwendolyn ReeseChairperson
Andrea PeatenDirector
Bilan JosephDirector
Courtney DacresDirector
James WeaverDirector
Lolita BrownDirector
Tammye MooreDirector
Walker WillisDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$298,069
Program Service Revenue
$109,167
Investment Income
$0
Other Revenue
$0
All Other Contributions
$400
Change in Net Assets
$-169,788
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$288,643
Salaries, Compensation, and Employee Benefits$287,681
Grants and Similar Amounts Paid$700
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$260,194--$260,194
Insurance$64,767--$64,767
Office Expenses-$49,451-$49,451
Occupancy$30,109--$30,109
Payroll Taxes$23,987--$23,987
Depreciation Depletion$7,163--$7,163
All Other Expenses$2,019$4,296-$6,315
Other Expenses$6,083$7,630-$6,083
Current Officers, Directors, Trustees, and Key Employees$3,500--$3,500
Travel-$2,074-$2,074
Advertising-$1,277-$1,277
Fees for Services Accounting-$1,054-$1,054
Fees for Services Other$637$117-$754
Grants to Domestic Orgs$700--$700
Total Functional Expenses$468,064$108,960$0$577,024
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
Due To/from Potential Place$226,105
Governance and Compliance

Governance Checklist

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

“Financials reports and form 990 are made availible during the regular board meetings”

Form 990, Part VI, Section C, Line 18

“The organization's governing documents, conflict of interest policies and financial statements are made available upon request at the office address.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policies and financial statements are made available upon request at the office address.”

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

“Twanna monroe - 1900 12th street south, st.petersburg, fl 33705.”

Filing and Contact Details

Filer

Filer Name
Infinite Potential Learning Academy Inc
EIN
92-2766408
Phone
7279544934
Address
1900 12TH ST S, ST PETERSBURG, FL 33705

Signing Officer

Name
Twanna Monroe
Title
President
Phone
7279544934
Signed
2025-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Twanna Monroe
Formed
2023
Legal Domicile
Fl
Voting Board Members
11
Independent Board Members
0
Employees
1
Volunteers
0

Preparer

Firm
Walters & Associates Cpas
Address
3277 FRUITVILLE ROAD BLDG E, SARASOTA, FL 34237
Preparer
Mike Hayes
Phone
9413664450
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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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECEIVES STEP UP GRANTS FROM STATE OF FL.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST AT THE OFFICE ADDRESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TWANNA MONROE - 1900 12TH STREET SOUTH, ST.PETERSBURG, FL 33705.
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-169788
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0468064
IRS990/TotalProgramServiceRevenueAmt0109167
IRS990/TotalReportableCompFromOrgAmt03500
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0109167
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0407236
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt056317
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02074
IRS990/TravelGrp/TotalAmt02074
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0ST PETERSBURG
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033705
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0HTTPS://WWW.IPLAKIDS.ORG/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TWANNA MONROE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07279544934
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INFINITE POTENTIAL LEARNING ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0INFI
ReturnHeader/Filer/EIN0922766408
ReturnHeader/Filer/PhoneNum07279544934
ReturnHeader/Filer/USAddress/AddressLine1Txt01900 12TH ST S
ReturnHeader/Filer/USAddress/CityNm0ST PETERSBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033705
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0593618759
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WALTERS & ASSOCIATES CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03277 FRUITVILLE ROAD BLDG E
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SARASOTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd034237
ReturnHeader/PreparerPersonGrp/PhoneNum09413664450
ReturnHeader/PreparerPersonGrp/PreparationDt02025-01-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MIKE HAYES
ReturnHeader/ReturnTs02025-04-30T15:47:03-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$56,317
Liabilities
$226,105
Net assets
-$169,788
Revenue
$407,236
Expenses
$577,024
Net income
-$169,788
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.30$3.25$1.95$7.47$7.78$0.32
2024Detailed filing. Detailed filing data is available for this year.$0.56$2.26$1.70$4.07$5.77$1.70