Plato Academy Schools Corporation
- Assets
- $108.1m
- Revenue
- $39.2m
- Investments
- $0.0
- Employees
- 585
- Location
- Clearwater, FL
- Founding
- 04/2014
- Data as of
- 06/2023
- EIN
- 45-5042950
Organization Overview
Plato Academy Schools Corporation is located in Clearwater, FL. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Plato Academy Schools Corporation employed 585 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plato Academy Schools Corporation 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, Plato Academy Schools Corporation generated $39.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $39.0m during the year ending 06/2023. While expenses have increased by 10.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OPERATES NINE CHARTER SCHOOLS IN PINELLAS, PASCO AND HILLSBOROUGH COUNTY FLORIDA THAT SERVE STUDENTS FROM KINDERGARTEN THROUGH 8TH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES NINE CHARTER SCHOOLS IN PINELLAS, PASCO AND HILLSBOROUGH COUNTY FLORIDA THAT SERVE STUDENTS FROM KINDERGARTEN THROUGH 8TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Kokkinakos Chairman | OfficerTrustee | 1 | $0 |
John Petalas Vice Chair | OfficerTrustee | 1 | $0 |
Yale Walker Treasurer | OfficerTrustee | 1 | $0 |
George Antonaklas Secretary | OfficerTrustee | 1 | $0 |
Amy Hayes Chief Of Schools | Officer | 40 | $0 |
Danielle Ciccetti Chief Of Academics | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kingdom Cooling And Heating Llc A/c | 6/29/23 | $110,514 |
Technology Lab Technology | 6/29/23 | $170,338 |
Tripp Scott Pa Legal | 6/29/23 | $150,000 |
Egis Insurance Insurance | 6/29/23 | $355,335 |
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 | $35,992,948 |
| Investment income | $0 |
| 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 | $39,249,120 |
| 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 | $21,983,409 |
| Pension plan accruals and contributions | $283,279 |
| Other employee benefits | $1,251,646 |
| Payroll taxes | $1,747,548 |
| 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 | $155,025 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $214,257 |
| Royalties | $0 |
| Occupancy | $3,478,411 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,497,431 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,353,627 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $39,048,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,332,167 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $27,408 |
| 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 | $40,561 |
| Net Land, buildings, and equipment | $99,726,093 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $108,126,229 |
| Accounts payable and accrued expenses | $276,795 |
| 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 | $31,423,106 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $68,572,794 |
| Total liabilities | $100,272,695 |
| 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 | -$269,807 |
| Retained earnings, endowment, accumulated income, or other funds | $8,123,341 |
| Total liabilities and net assets/fund balances | $108,126,229 |