Marco Island Academy A Public Charter High School Inc
- Assets
- $20.2m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 41
- Location
- Marco Island, FL
- Founding
- 07/2011
- Data as of
- 06/2023
- 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 06/2023, Marco Island Academy A Public Charter High School Inc employed 41 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 06/2023, Marco Island Academy A Public Charter High School Inc generated $5.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $4.5m during the year ending 06/2023. While expenses have increased by 9.2% 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
2023
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 |
Jim Miller Treasurer | OfficerTrustee | 8 | $0 |
Dawn Vergo Director | OfficerTrustee | 5 | $0 |
Glenda Vertelsmeyer Director | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $338,599 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,319,597 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,658,196 |
| Total Program Service Revenue | $3,133,176 |
| Investment income | $1,707 |
| 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 | $4,995,520 |
| 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. | $512,260 |
| Compensation of current officers, directors, key employees. | $434,798 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,571,549 |
| Pension plan accruals and contributions | $311,019 |
| Other employee benefits | $310,599 |
| Payroll taxes | $156,014 |
| Fees for services: Management | $50,995 |
| Fees for services: Legal | $17,632 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $18,893 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $221,671 |
| Advertising and promotion | $0 |
| Office expenses | $22,456 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,569 |
| 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 | $411,197 |
| Insurance | $57,264 |
| All other expenses | $102,784 |
| Total functional expenses | $4,493,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $851,310 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $26,000 |
| 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 | $89,665 |
| Net Land, buildings, and equipment | $18,348,348 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $908,591 |
| Total assets | $20,223,914 |
| Accounts payable and accrued expenses | $195,865 |
| Grants payable | $0 |
| Deferred revenue | $92,685 |
| 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 | $1,904,487 |
| Total liabilities | $2,193,037 |
| Net assets without donor restrictions | $18,030,877 |
| 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 | $20,223,914 |