Advantage Academy Of Miami Inc is located in Coral Springs, FL. The organization was established in 2009. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2023, Advantage Academy Of Miami Inc employed 607 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advantage Academy Of Miami 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 06/2023, Advantage Academy Of Miami Inc generated $48.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $49.6m during the year ending 06/2023. While expenses have increased by 11.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE EIGHT CHARTER SCHOOLS IN MIAMI-DADE COUNTY, FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHARTER SCHOOLS PROVIDE EDUCATIONAL SERVICES TO STUDENTS IN GRADES K-12.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Shirlynn Webb President | Trustee | 2 | $0 |
Bassema Iskandarani Vice President | Trustee | 0.5 | $0 |
Helena Del Monte Member | Trustee | 0.5 | $0 |
Dalila Ruiz Member | Trustee | 0.5 | $0 |
Kellie Barrios Principal | Officer | 40 | $101,750 |
Victoria Ramons Principal | Officer | 40 | $124,914 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Charter School Associates Inc Management | 6/29/23 | $2,566,181 |
Educational Growth Fund Facility | 6/29/23 | $1,639,252 |
Palm Galdes Charter School Developers Facility | 6/29/23 | $1,093,946 |
Doral Preparatory Developer Facility | 6/29/23 | $2,387,187 |
Waterstone Charter School Holdings Inc Facility | 6/29/23 | $1,925,647 |
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 | $43,522,604 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $27,285 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $48,492,131 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
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 | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $4,020,058 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,280,036 |
Insurance | $0 |
All other expenses | $20,569,340 |
Total functional expenses | $49,580,731 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $9,139,564 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $4,003,027 |
Accounts receivable, net | $97,895 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $144,217 |
Net Land, buildings, and equipment | $65,079,001 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $78,463,704 |
Accounts payable and accrued expenses | $2,380,504 |
Grants payable | $0 |
Deferred revenue | $383,843 |
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 | $63,473,792 |
Total liabilities | $66,238,139 |
Net assets without donor restrictions | $0 |
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 | $1,605,209 |
Retained earnings, endowment, accumulated income, or other funds | $10,620,356 |
Total liabilities and net assets/fund balances | $78,463,704 |