Glades Academy Foundation Inc
- Assets
- $2.7m
- Revenue
- $706.9k
- Investments
- $0.0
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 26-2475110
Organization Overview
Glades Academy Foundation Inc is located in West Palm Beach, FL. The organization was established in 2009. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Glades Academy 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 12/2021, Glades Academy Foundation Inc generated $706.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $406.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (22.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Glades Academy Foundation Inc has awarded 14 individual grants totaling $6,370,119. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE QUALITY PUBLIC SCHOOL EDUCATION IN FLORIDA THROUGH CONTRIBUTIONS TO CHARTER SCHOOLS. TO MONITOR THE USE OF THE CONTRIBUTIONS TO ASSURE THEIR USE IN EXPANDING EDUCATIONAL OPPORTUNITIES FOR THE STUDENTS AT SUCH SCHOOLS. TO DEVELOP FUNDING SOURCES TO EXPAND AND ENHANCE THIS MISSION. CONSTRUCT SCHOOL FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT SUPPORT TO GLADES ACADEMY, INC. IN PAHOKEE, FL WHICH SERVES YOUNG CHILDREN FROM KINDERGARDEN THROUGH 8TH GRADE AND HAS BEEN IN CONTINUOUS OPERATION SINCE 2000. THE FUNDS WERE USED BY THE SCHOOL TO PURCHASE EDUCATIONAL MATERIALS, AND FOR THE GENERAL SUPPORT OF ACADEMIC PROGRAMS WHERE MONEY FROM THE SCHOOL DISTRICT WAS NOT SUFFICIENT TO SUPPORT THE DAY TO DAY ACADEMIC PROGRAMS NEEDED FOR A SCHOOL IN THIS DISADVANTAGED AREA OF PALM BEACH COUNTY. THE FOUNDATION ALSO PROVIDES FUNDS FOR SECURITY SERVICES PROVIDED TO THE SCHOOL. THIS ELEMENTARY AND MIDDLE SCHOOL LOCATED ON THE CAMPUS OF NEW HOPE CHARITIES HAS STATE OF THE ART CLASSROOMS, LEARNING LABS, AND OTHER ENHANCED DAY AND AFTER SCHOOL PROGRAMS. AT PRESENT OVER 235 STUDENTS ANNUALLY RECEIVE THEIR ACADEMIC EXPERIENCE FROM HIGHLY CREDENTIALED TEACHERS AND SCHOOL LEADERS. THE SCHOOL CONTINUES TO EXCEL IN ALL AREAS.
DIRECT SUPPORT TO EVERGLADES PREPARATORY ACADEMY, INC. IN PAHOKEE, FL. WHICH WAS FOUNDED TO SERVE AND HAS CONTINUOUSLY SERVED HIGH SCHOOL STUDENTS SINCE 2001. THE FUNDS WERE USED BY THE SCHOOL TO PURCHASE EDUCATIONAL MATERIALS, AND FOR THE GENERAL SUPPORT OF ACADEMIC PROGRAMS WHERE MONEY FROM THE SCHOOL DISTRICT WAS NOT SUFFICIENT TO SUPPORT THE DAY TO DAY ACADEMIC PROGRAMS NEEDED FOR A SCHOOL IN THIS DISADVANTAGED AREA OF PALM BEACH COUNTY. THE TEACHERS AND STAFF OF EVERGLADES PREPARATORY ACADEMY SERVE APPROXIMATELY 120 STUDENTS ANNUALLY FROM THE COMMUNITIES NEAR EASTERN LAKE OKEECHOBEE AND PROVIDE ENRICHED ACADEMIC SUPPORT IN A SAFE SCHOOL SETTING, WHICH HAS INCLUDED COMMUNITY SERVING SUMMER PROGRAMS FOR MANY YEARS. THE FOUNDATION ALSO PROVIDES FUNDS FOR SECURITY SERVICES PROVIDED TO THE SCHOOL.
CONTRIBUTION OF COSTS OF CONSTRUCTION AND IMPLEMENTATION OF MUSIC ROOM ADDITION AS OF 12/31/2021 TO GLADES ACADEMY, INC. MUSIC ROOM IN INITIAL USE DURING 2020. ADDITIONAL COSTS TO FINAL COMPLETION IN 2021.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emilia Fanjul President Secretary | OfficerTrustee | 10 | $0 |
Lourdes Fanjul Treasurer | OfficerTrustee | 5 | $0 |
Alexander Borell Director | Trustee | 1 | $0 |
Pauline Pitt Director | Trustee | 1 | $0 |
Annette Allen Director | Trustee | 1 | $0 |
Joseph Galardi Director | Trustee | 1 | $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 | $706,824 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $706,824 |
| Total Program Service Revenue | $0 |
| Investment income | $40 |
| 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 | $706,864 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $402,730 |
| 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 | $2,968 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $406,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,180,879 |
| Savings and temporary cash investments | $1,451,515 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $29,055 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,661,449 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,661,449 |
| 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 | $2,661,449 |
Grants Awarded
Over the last fiscal year, Glades Academy Foundation Inc has awarded $402,730 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Pahokee, FL PURPOSE: Betterment of student experience | $229,572 |
Pahokee, FL PURPOSE: Betterment of student experience | $173,158 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Glades Academy Foundation Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Welsh Family Foundation Inc Vero Beach, FL PURPOSE: UNRESTRICTED | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Project Access Foundation Inc Miami, FL | $8,531,083 | $32,893,719 |
Early Learning Coalition Of Floridas Heartland Inc Port Charlotte, FL | $2,212,537 | $18,405,437 |
Early Learning Coalition Of Okaloosa And Walton Counties Inc Shalimar, FL | $1,559,642 | $16,151,395 |
University Of North Georgia Foundation Inc Dahlonega, GA | $101,168,345 | $9,379,486 |
Usf Financing Corporation Tampa, FL | $387,045,696 | $13,998,407 |
Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin Tampa, FL | $0 | -$8,161,100 |
Southern Assoc Of Colleges And Schools Commission On Colleges Inc Decatur, GA | $21,107,199 | $13,477,936 |
White Hall Enrichment Advancement Team Hayneville, AL | $52,157 | $11,823,582 |
A Gift For Teaching Inc Orlando, FL | $5,328,629 | $9,022,570 |
Ninja Academy Incorporated Hollywood, FL | $2,893,530 | $10,861,940 |
Hillsborough Education Foundation Inc Tampa, FL | $10,731,665 | $10,065,447 |
The Cottage School Educational Resource Center Inc Roswell, GA | $19,413,651 | $9,463,796 |