Alternative Education Foundation Inc
- Assets
- $821.7k
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Davie, FL
- Founding
- 02/2006
- Data as of
- 07/2022
- EIN
- 20-1776950
Organization Overview
Alternative Education Foundation Inc is located in Davie, FL. The organization was established in 2006. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alternative Education Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2022, Alternative Education Foundation Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $3.3m during the year ending 07/2022. While expenses have increased by 3.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ALTERNATIVE EDUCATION TO STUDENTS 1ST THROUGH 12TH GRADE WHO ARE AT LEAST AVERAGE INTELLIGENCE, BUT NOT COPING IN A REGULAR SCHOOL ENVIRONMENT. ALSO EDUCATES PARENTS IN BEHAVIOR MANAGEMENT. THE WESTHAM ACADEMY IS ON A SEPARATE CAMPUS TO TEACH LIFE SKILLS TO STUDENTS WHO ARE NOT COLLEGE BOUND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ALTERNATIVE EDUCATION TO STUDENTS 1ST THROUGH 12TH GRADE.
PROVIDE ALTERNATIVE EDUCATION TO STUDENTS 1ST THROUGH 12TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christy Hierholzer Vice Preside | Trustee | $0 | |
Lisa Rabinsky Board Member | Trustee | $0 | |
Gregory Serfer Officer | Trustee | $0 | |
Mark Stavitsky President | Trustee | $0 | |
Lance Fein Executive Di | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,487 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,487 |
| Total Program Service Revenue | $3,426,187 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,465,678 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $195,894 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,538 |
| Payroll taxes | $368 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,630 |
| Fees for services: Accounting | $5,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $60,453 |
| Office expenses | $87,530 |
| Information technology | $304,125 |
| Royalties | $0 |
| Occupancy | $414,523 |
| Travel | $42,609 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,294 |
| Insurance | $29,413 |
| All other expenses | $237,787 |
| Total functional expenses | $3,334,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,305 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80,195 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,921 |
| Prepaid expenses and deferred charges | $73,173 |
| Net Land, buildings, and equipment | $9,440 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $355,627 |
| Total assets | $821,661 |
| Accounts payable and accrued expenses | $200,974 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $437,401 |
| Total liabilities | $638,375 |
| Net assets without donor restrictions | $183,286 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $821,661 |