Academic Solutions Academy Inc
- Assets
- $8.8m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 22
- Location
- Sunrise, FL
- Founding
- 03/2012
- Data as of
- 06/2022
- EIN
- 45-4667306
Organization Overview
Academic Solutions Academy Inc is located in Sunrise, 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 06/2022, Academic Solutions Academy Inc employed 22 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 06/2022, Academic Solutions Academy Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $2.7m during the year ending 06/2022. While expenses have increased by 9.7% 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
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
ACADEMIC SOLUTIONS ACADEMY HAS CONSISTENTLY WORKED WITH HIGH-NEEDS STUDENTS FOR THE PAST NINE YEARS. DURING THAT TIME, ASA SUCCESSFULLY ASSISTED STUDENTS WITH PASSING THEIR STANDARDIZED TESTS, IMPROVING ACADEMIC LEVELS, CULMINATING WITH STUDENTS SUCCESSFULLY MEETING THEIR GRADUATION REQUIREMENTS. ASA-A ADMINISTRATORS, STAFF, AND STUDENTS DID AN EXCEPTIONAL JOB IN TRANSITIONING AWAY FROM 100% DISTANT LEARNING TO IN PERSON DIRECT INSTRUCTION. THE TEACHERS AND STUDENTS WORKED DILIGENTLY TO COMPLETE THE SCHOOL YEAR WITH MANY STUDENTS RE-ENGAGING THEMSELVES BACK INTO SCHOOL. ASA PROUDLY GRADUATED A SIGNIFICANT NUMBER 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 PROUD TO SEE STUDENTS SUCCESSFULLY GRADUATE AND ATTEND ESTEEMED UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Aitcheson Chair | OfficerTrustee | 1 | $0 |
Paula Harman Director | Trustee | 1 | $0 |
Dave Dixon Secretary | OfficerTrustee | 1 | $0 |
Andrew Kinlock Principal | Officer | 60 | $320,082 |
Meera Gautam Patel VP Of Business Dev. | Officer | 60 | $319,082 |
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 | $3,190,813 |
| Investment income | $129 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,616 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,203,558 |
| 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. | $527,248 |
| Compensation of current officers, directors, key employees. | $49,825 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,046,763 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $96,896 |
| Payroll taxes | $108,767 |
| 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 | $445,577 |
| Advertising and promotion | $0 |
| Office expenses | $65,197 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,797 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $124,126 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $217,752 |
| Insurance | $26,799 |
| All other expenses | $0 |
| Total functional expenses | $2,727,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,366,345 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,234 |
| 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 | $4,694 |
| Net Land, buildings, and equipment | $5,522,888 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $822,197 |
| Total assets | $8,789,358 |
| Accounts payable and accrued expenses | $232,702 |
| 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 | $6,073,237 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $739,241 |
| Total liabilities | $7,045,180 |
| 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 | $1,744,178 |
| Total liabilities and net assets/fund balances | $8,789,358 |