Homestead Christian Academy Inc
- Assets
- $2.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 13
- Location
- Homestead, FL
- Founding
- 01/2012
- Data as of
- 12/2021
- EIN
- 20-3615366
Organization Overview
Homestead Christian Academy Inc is located in Homestead, FL. The organization was established in 2012. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2021, Homestead Christian Academy Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homestead Christian Academy 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 12/2021, Homestead Christian Academy Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $824.2k during the year ending 12/2021. While expenses have increased by 6.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOMESTEAD CHRISTIAN ACADEMY STRIVES TO ACHIEVE AND TO EMPOWER STUDENTS TODAY FOR A BETTER TOMORROW BY PROVIDING THEM THE RIGHT EDUCATION, NUTRITION AND SOCIAL SKILLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE STUDENTS IN LOW INCOME AREAS WITH THE KNOWELEDGE AND SKILLS TO SUCCESSFULLY COMPETE IN THIS CONSTANTLY CHANGING AND INTERDEPENDENT GLOBAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Vasconcellos President | OfficerTrustee | 40 | $0 |
Wayne Rassner Director | OfficerTrustee | 1 | $0 |
Maria Lopez Director | Officer | 1 | $0 |
Abraham Ziadeh Director | Officer | 2 | $0 |
Shaheeda Da Silva Boardmember | Trustee | 1 | $0 |
Nicole Vasconcellos Secretary | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $925,063 |
| Investment income | $41 |
| 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 | $1,053,122 |
| 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. | $132,400 |
| Compensation of current officers, directors, key employees. | $13,240 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $292,777 |
| Pension plan accruals and contributions | $1,324 |
| Other employee benefits | $9,769 |
| Payroll taxes | $33,669 |
| Fees for services: Management | $4,800 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $2,246 |
| Royalties | $0 |
| Occupancy | $207,410 |
| Travel | $9,926 |
| 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 | $6,557 |
| Insurance | $24,519 |
| All other expenses | $3,768 |
| Total functional expenses | $824,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,232,092 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $700,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $51,886 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,983,978 |
| Accounts payable and accrued expenses | $4,974 |
| 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 | $1,261,300 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,266,274 |
| Net assets without donor restrictions | $717,704 |
| 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 | $1,983,978 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Homestead Christian Academy Inc has recieved totaling $13.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $13 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Orange County School Readiness Coalition Orlando, FL | $11,104,395 | $96,605,427 |
Aaa Scholarship Foundation Inc Tampa, FL | $113,422,809 | $128,005,629 |
Advantage Academy Of Miami Inc Coral Springs, FL | $84,964,463 | $47,818,092 |
Early Learning Coalition Of North Florida Inc St Augustine, FL | $2,511,056 | $46,500,622 |
Early Learning Coalition Of The Big Bend Region Inc Tallahassee, FL | $3,517,210 | $28,785,709 |
The Sheltering Arms Atlanta, GA | $37,115,971 | $26,836,460 |
Early Learning Coalition Of Manatee County Inc Palmetto, FL | $3,933,287 | $24,367,222 |
Early Learning Coalition Of Alachua County Inc Gainesville, FL | $2,583,138 | $21,532,954 |
Children First Inc Sarasota, FL | $8,906,542 | $13,314,523 |
Le Jardin Community Center Inc Homestead, FL | $6,704,998 | $12,650,316 |
Pine School Inc Hobe Sound, FL | $19,297,694 | $13,018,702 |
Gulfstream School Inc Gulf Stream, FL | $26,409,353 | $8,595,738 |