Putnam Academy Of Arts And Sciences Inc
- Assets
- $1.7m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 26
- Location
- Palatka, FL
- Founding
- 11/2012
- Data as of
- 06/2023
- EIN
- 45-1079996
Organization Overview
Putnam Academy Of Arts And Sciences Inc is located in Palatka, FL. The organization was established in 2012. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Putnam Academy Of Arts And Sciences Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Putnam Academy Of Arts And Sciences 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, Putnam Academy Of Arts And Sciences Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $2.2m during the year ending 06/2023. While expenses have increased by 10.2% 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
PROVIDES CHALLENGING,WELL ROUNDED EDUCATIONAL OPPORTUNITIES IN A SAFE AND SUPPORTIVE ENVIRONMENT. OUR SCHOOL FOSTERS CREATIVE MINDS, CRITICAL THINKINERS, AND ETHICAL CHARACTER. WE ARE DEDICATED TO THE INDIVIDUAL DEVELOPMENT OF THE ATTITUDES, SKILLS, KNOWLEDGE AND REPONSIBILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR SCHOOL WILL CREATE A CLIMATE OF HONOR, RESPECT, AND INTEGRITY BY ESTABLISHING AN HONOR CODE TO ADVANCE AUTHENTIC LEARNING. OUR SCHOOL WILL ESTABLISH A COMPREHENSIVE AND RIGOROUS CURRICULUM THAT MEETS AND EXCEEDS THE STANDARDS OF FLORIDA'S NEXT GENERATION AND THE CORE CURRICULUM. OUR SCHOOL'S CURRICULUM WILL ENABLE STUDENTS TO BECOME SELF-DIRECTED LEANERS AND DECISION MAKERS, CAPABLE OF BOTH COLLABORATIVE AND INDEPENDENT LEARNING. OUR SCHOOL WILL COMMIT TO READING AND MATH SUCCESS WITH SCHOOL-WIDE IMPROVEMENT IN STANDARDIZED TEST SCORES AS WELL AS IN OTHER MEASUREMENTS. OUR SCHOOL WILL KEEP STUDENTS AND STAFF SAFE BY DEVELOPING CLEAR LINES OF COMMUNICATION AND PROCEDURES FOR ALL SITUATIONS. OUR SCHOOL WILL CREATE A PARTNERSHIP WITH PARENTS TO ENHANCE OUR STUDENTS' SUCCESS. WE WILL DEFINE, TEACH, AND SUPPORT APPROPRIATE STUDENT BEHAVIORS, REINFORCING AND REWARDING POSITIVE BEHAVIORS. THE SCHOOL SERVED APPROXIMATELY 175 STUDENTS IN 2023 AND 168 STUDENTS IN 2022, SERVING GRADES 6-8
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virnstein Elisabeth Secretary | OfficerTrustee | 5 | $0 |
Latta Diana Member | Trustee | 5 | $0 |
Ricks Amy Member | Trustee | 5 | $0 |
Ellis Curtis Principal | Trustee | 40 | $138,789 |
Hughes Sharon Member | Trustee | 5 | $0 |
Wright Jarvis Chairman | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $26,669 |
| Related organizations | $0 |
| Government grants | $1,956,859 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,754 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,990,282 |
| Total Program Service Revenue | $0 |
| Investment income | $2,202 |
| 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 | $2,012,978 |
| 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 | $1,274,166 |
| Pension plan accruals and contributions | $136,979 |
| Other employee benefits | $515 |
| Payroll taxes | $95,995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,415 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $173,725 |
| Advertising and promotion | $0 |
| Office expenses | $147,513 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,418 |
| Travel | $2,262 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,969 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $41,288 |
| All other expenses | $0 |
| Total functional expenses | $2,168,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,000 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,149 |
| 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 | $16,930 |
| Net Land, buildings, and equipment | $1,546,922 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,741,001 |
| Accounts payable and accrued expenses | $139,083 |
| 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 | $1,138,468 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,277,551 |
| Net assets without donor restrictions | $54,997 |
| Net assets with donor restrictions | $408,453 |
| 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 | $1,741,001 |