Academic Solutions Academy Inc
- Assets
- $1.6m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 30
- Location
- Ft Lauderdale, FL
- Founding
- 03/2012
- Data as of
- 06/2021
- EIN
- 45-4667306
Organization Overview
Academic Solutions Academy Inc is located in Ft Lauderdale, FL. The organization was established in 2012. 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 06/2021, Academic Solutions Academy Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academic Solutions Academy 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 06/2021, Academic Solutions Academy Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $2.3m during the year ending 06/2021. While expenses have increased by 8.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE A PUBLIC CHARTER HIGH SCHOOL TO SERVE THE NEEDS OF STUDENTS WHO NEEDS ARE NOT MET IN A TRADITIONAL HIGH SCHOOL SETTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASA PROUDLY GRADUATED 30.2% OF ITS SENIORS AND MANY OF THE GRADUATES RECEIVED SCHOLARSHIPS THAT WERE FUNDED BY DONATIONS RAISED DURING OUR ANNUAL COMMUNITY CHAMPION AWARDS DINNER. WE ARE PLEASED TO SEE STUDENTS SUCCESSFULLY GRADUATE AND ATTEND ESTEEMED UNIVERSITIES SUCH AS FLORIDA INTERNATIONAL UNIVERSITY AND FLORIDA ATLANTIC UNIVERSITY. ADDITIONALLY, THE MAJORITY OF ASA GRADUATES' TRANSITION TO POST-SECONDARY INSTITUTIONS, TECHNICAL SCHOOLS, AND MILITARY PROGRAMS, OR BECOME GAINFULLY EMPLOYED. THE ACADEMIC EXPERIENCES WE PROVIDE ARE DESIGNED TO INSPIRE OUR STUDENTS TO ACHIEVE THEIR CAREER GOALS. IT IS ALSO IMPORTANT TO NOTE THAT ASA RECEIVED AN "M" GRADE WHICH DENOTES (MAINTAINING) FOR THE SECOND YEAR IN A ROW UNDER THE SCHOOL IMPROVEMENT RATING (SIR) PROGRAM. TO QUALIFY FOR THE "M" MARK, A SCHOOL MUST TEST WITH A MINIMUM 80% SCORE OR BETTER AS EVIDENCED BY SIGNIFICANT ACADEMIC GAINS. WE ARE HONORED TO RECEIVE THE "M" DESIGNATION CONSIDERING ONLY 22 OUT OF 282 (SIR) SCHOOLS RECEIVED THAT GRADE IN THE STATE OF FLORIDA. IN BROWARD COUNTY, ONLY FOUR SIR SCHOOLS RECEIVED THE "M" GRADE AND ASA AND ASA-A WERE TWO OUT OF THE FOUR. THIS DEMONSTRATES THAT OUR STAFF AND TEACHERS REMAIN DEDICATED TO DELIVER EXCELLENCE AND THE RECOGNITION IS A BYPRODUCT OF OUR OVERARCHING DUE DILIGENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Kinlock Executive Director | Officer | 65 | $279,140 |
Meera Gautam Patel VP Of Business Dev. | Officer | 65 | $274,000 |
Mike Aitcheson Chair | OfficerTrustee | 2 | $0 |
Karla C Martinez Vice Chair | OfficerTrustee | 2 | $0 |
Dave Dixon Secretary | OfficerTrustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,089,439 |
| Investment income | $73 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,771 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,097,066 |
| 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. | $666,000 |
| Compensation of current officers, directors, key employees. | $78,388 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $826,837 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $110,587 |
| Payroll taxes | $98,404 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $291,691 |
| Advertising and promotion | $0 |
| Office expenses | $75,845 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $205,077 |
| 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 | $20,842 |
| Insurance | $21,701 |
| All other expenses | $0 |
| Total functional expenses | $2,335,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,438,782 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,237 |
| 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 | $0 |
| Net Land, buildings, and equipment | $45,512 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,386 |
| Total assets | $1,567,917 |
| Accounts payable and accrued expenses | $17,204 |
| 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 | $73,237 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $209,726 |
| Total liabilities | $300,167 |
| Net assets without donor restrictions | $0 |
| 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 | $1,267,750 |
| Total liabilities and net assets/fund balances | $1,567,917 |
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 |