Marco Island Academy A Public Charter High School Inc
- Assets
- $19.5m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 34
- Location
- Marco Island, FL
- Founding
- 07/2011
- Data as of
- 06/2022
- EIN
- 27-4411503
Organization Overview
Marco Island Academy A Public Charter High School Inc is located in Marco Island, FL. The organization was established in 2011. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Marco Island Academy A Public Charter High School Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marco Island Academy A Public Charter High School 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 06/2022, Marco Island Academy A Public Charter High School Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $4.1m during the year ending 06/2022. While expenses have increased by 11.8% 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
TO PROVIDE A STUDENT - CENTERED, WELL ROUNDED INTERDISCIPLINARY EDUCATION. STUDENT WILL ENGAGE IN CRITICAL THINKING WHILE FOCUSIN ON MATH, SCIENCE, TECHNOLOGY, ENVIROMENTAL AND GLOBAL STUDIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARTER PUBLIC HIGH SCHOOL
THE MISSION OF MARCO ISLAND ACADEMY A PUBLIC CHARTER HIGH SCHOOL, INC (ACADEMY) IS TO PROVIDE A STUDENT - CENTERED, WELL ROUNDED INTERDISCIPLINARY EDUCATION. STUDENT WILL ENGAGE IN CRITICAL THINKING WHILE FOCUSIN ON MATH, SCIENCE, TECHNOLOGY, ENVIROMENTAL AND GLOBAL STUDIES. THE ACADEMY WILL UPHOLD THE HIGHES STANDARDS OF ACADEMIC EXCELLENCE , INTEGRITY, RESPECT, AND SOCIAL RESPONSIBILITY, WHILE GUIDING STUDENTS TO ACHIEVE POST - SECONDARY SUCCESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rene Champagne Vice Chair | OfficerTrustee | 5 | $0 |
Marianne Iordanou Secretary | OfficerTrustee | 5 | $0 |
Jennifer Macko Parent Coord | OfficerTrustee | 5 | $0 |
Dawn Vergo Director | OfficerTrustee | 5 | $0 |
Jane B Watt Chair Person | OfficerTrustee | 25 | $0 |
Jim Miller Treasurer | Trustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $141,242 |
| All other contributions, gifts, grants, and similar amounts not included above | $950,272 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,091,514 |
| Total Program Service Revenue | $2,704,929 |
| Investment income | $1,664 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,441,496 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,038,566 |
| 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. | $479,951 |
| Compensation of current officers, directors, key employees. | $479,951 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,406,209 |
| Pension plan accruals and contributions | $213,082 |
| Other employee benefits | $250,591 |
| Payroll taxes | $144,451 |
| Fees for services: Management | $42,103 |
| Fees for services: Legal | $2,484 |
| Fees for services: Accounting | $10,876 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $34,930 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $203,091 |
| Advertising and promotion | $0 |
| Office expenses | $23,803 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $210,146 |
| Travel | $1,179 |
| 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 | $452,879 |
| Insurance | $49,919 |
| All other expenses | $107,574 |
| Total functional expenses | $4,051,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $873,990 |
| Savings and temporary cash investments | $1,159,233 |
| Pledges and grants receivable | $71,667 |
| 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 | $70,564 |
| Net Land, buildings, and equipment | $16,690,823 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $591,350 |
| Total assets | $19,457,627 |
| Accounts payable and accrued expenses | $281,889 |
| Grants payable | $0 |
| Deferred revenue | $122,167 |
| 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 | $1,524,558 |
| Total liabilities | $1,928,614 |
| Net assets without donor restrictions | $17,529,013 |
| 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 | $19,457,627 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Marco Island Academy A Public Charter High School Inc has recieved totaling $722,500.
| Awarding Organization | Amount |
|---|---|
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $550,000 |
Community Foundation Of Collier County Naples, FL PURPOSE: HUMAN SERVICES | $65,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $40,250 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $40,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $26,000 |
Vincent Dowling Family Foundation Inc Wilmington, DE PURPOSE: SUPPORT OF THE CAPITAL CAMPAIGN | $1,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Admiral Farragut Academy Inc St Petersburg, FL | $21,987,210 | $17,628,245 |
The Pepin Academies Inc Riverview, FL | $29,193,079 | $15,292,981 |
Oak Hall Private School Gainesville, FL | $28,822,361 | $15,634,041 |
Atlanta Jewish Academy Inc Atlanta, GA | $22,350,554 | $15,415,216 |
The Felicia Penzell Weber Jewish Community High School Inc Atlanta, GA | $43,433,763 | $21,423,275 |
Torah Academy Of Boca Raton Inc Boca Raton, FL | $6,046,779 | $10,224,261 |
Katz Yeshiva High School Of South Florida Inc Boca Raton, FL | $18,491,593 | $8,621,802 |
Ivy Preparatory Academy Incorporated Atlanta, GA | $13,093,434 | $7,743,445 |
Loganville Christian Academy Inc Loganville, GA | $11,454,751 | $7,322,171 |
Florida High School Athletic Association Inc Gainesville, FL | $7,136,528 | $6,568,793 |
Oglethorpe Charter School Inc Savannah, GA | $6,663,561 | $6,904,086 |
Georgia High School Association Thomaston, GA | $8,760,324 | $5,170,653 |