Central Florida Leadership Academy
- Assets
- $734.8k
- Revenue
- $984.9k
- Investments
- $0.0
- Employees
- 17
- Location
- Orlando, FL
- Founding
- 07/2009
- Data as of
- 06/2023
- EIN
- 26-4181718
Organization Overview
Central Florida Leadership Academy is located in Orlando, FL. The organization was established in 2009. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 06/2023, Central Florida Leadership Academy employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Florida Leadership Academy 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, Central Florida Leadership Academy generated $984.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 8 years. 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
THE MISSION OF THE CENTRAL FLORIDA LEADERSHIP ACADEMY (CFLA) IS TO PROVIDE RIGOROUS COLLEGE PREPARATORY ACADEMICS IN COMBINATION WITH AFTER-SCHOOL ACTIVITIES AND FAMILY BASED CHARACTER EDUCATION IN AN ENVIRONMENT THAT CHANGES ATTITUDES AND DEVELOPS LEADERS, ENABLING EACH STUDENT TO ACHIEVE HIS OR HER BEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE CENTRAL FLORIDA LEADERSHIP ACADEMY (CFLA) IS TO PROVIDE RIGOROUS COLLEGE PREPARATORY ACADEMICS IN COMBINATION WITH AFTER-SCHOOL ACTIVITIES AND FAMILY BASED CHARACTER EDUCATION IN AN ENVIRONMENT THAT CHANGES ATTITUDES AND DEVELOPS LEADERS, ENABLING EACH STUDENT TO ACHIEVE HIS OR HER BEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jody Litchford Executive Director | Trustee | 40 | $0 |
Hal Litchford Director | Trustee | 1 | $0 |
Kathleen Russell Director | Trustee | 1 | $0 |
Clara Walters Director | Trustee | 1 | $0 |
Jean Wilson Director | Trustee | 1 | $0 |
Kevin Ballinger Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $136,513 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,287 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,800 |
| Total Program Service Revenue | $785,853 |
| Investment income | $2,227 |
| 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 | $984,880 |
| 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 | $631,151 |
| Pension plan accruals and contributions | $3,334 |
| Other employee benefits | $39,565 |
| Payroll taxes | $49,740 |
| Fees for services: Management | $36,327 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $104,883 |
| Advertising and promotion | $0 |
| Office expenses | $880 |
| Information technology | $39,912 |
| Royalties | $0 |
| Occupancy | $42,751 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,363 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,673 |
| Insurance | $21,363 |
| All other expenses | $28,984 |
| Total functional expenses | $1,134,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $559,706 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,379 |
| 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 | $8,850 |
| Net Land, buildings, and equipment | $127,824 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $734,759 |
| Accounts payable and accrued expenses | $31,953 |
| 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 | $103,606 |
| Total liabilities | $135,559 |
| Net assets without donor restrictions | $477,660 |
| Net assets with donor restrictions | $121,540 |
| 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 | $734,759 |