Sarasota Academy Of The Arts Inc
- Assets
- $1.8m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 40
- Location
- Sarasota, FL
- Founding
- 08/2014
- Data as of
- 06/2022
- EIN
- 46-0657261
Organization Overview
Sarasota Academy Of The Arts Inc is located in Sarasota, FL. The organization was established in 2014. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Sarasota Academy Of The Arts Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sarasota Academy Of The Arts 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, Sarasota Academy Of The Arts Inc generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. 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
THE MISSION OF SARASOTA ACADEMY OF THE ARTS (SAA) IS TO PROVIDE A MOTIVATING, CHALLENGING, AND CREATIVE LEARNING CLIMATE WITH A SAFE, CARING, FAMILY ATMOSPHERE. SAA WILL PROVIDE STUDENTS INTERESTED IN VISUAL AND PERFORMING ARTS WITH RIGOROUS ACADEMIC SKILLS IN LINE WITH FLORIDA STANDARDS AND A STRONG INFUSION OF THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SARASOTA ACADEMY OF THE ARTS (SAA) IS A PUBLIC CHARTER SCHOOL AUTHORIZED BY THE SARASOTA COUNTY SCHOOL BOARD TO PROVIDE A FREE PUBLIC EDUCATION FOR STUDENTS IN GRADES KINDERGARTEN THROUGH EIGHT. SAA HAD AN ENROLLMENT OF 202 STUDENTS AT THE END OF ITS FIRST YEAR, AND NOW SERVES 180 STUDENTS. AS A PUBLIC SCHOOL, SAA FOLLOWS THE CALENDAR OF THE TRADITIONAL PUBLIC SCHOOLS, 180 DAYS OF INSTRUCTION FOR EIGHT HOURS PER DAY. THE NICHE PROVIDED BY SAA IS THAT OF A PERFORMING AND VISUAL ARTS SCHOOL, OPEN TO ALL STUDENTS WITHIN COMMUTING DISTANCE. THE STUDENTS IN THE PAST HAVE PARTICIPATED IN ONSTAGE MUSICAL PERFORMANCES INCLUDING BROADWAY OUR WAY AND DISNEY OUR WAY MUSICALS, AND MANY COMMUNITY SERVICE ACTIVITIES. THE MIDDLE SCHOOL MUSIC PROGRAM COMPLETED PERFORMANCES WITH OUR NATIONAL BETA TEAM IN NASHVILLE. THESE ACTIVITIES ARE DIRECTLY RELATED TO THE MISSION STATEMENT IN THAT WE WISH TO DEVELOP STUDENTS WHO ARE WELL-ROUNDED WITH SELF-CONFIDENCE IN THEMSELVES.THROUGHOUT THE YEAR THE STUDENTS PARTICIPATED IN SEVERAL COMMUNITY SERVICE ACTIVITIES RANGING FROM RAISING FUNDS FOR THE FAMILIES HURT BY HURRICANE IAN AND FOOD CAMPAIGNS. STUDENTS ATTEND SAA FOR AN EXTENDED DAY 8:15 AM TO 4:15 PM. THIS ALLOWS EACH STUDENT TO PARTICIPATE IN THE CORE ACADEMIC CLASSES EXPECTED IN ANY SCHOOL DAY. IT ALSO ALLOWS FOR CLASSES IN PHYSICAL EDUCATION, SPANISH, ART, TECHNOLOGY, AND MUSIC. STUDENTS NEEDING EXTRA HELP, HAVE ACCESS TO SERVICES PROVIDED IN ESOL, EXCEPTIONAL EDUCATION, GIFTED CLASSES AS WELL AS INTENSIVE MATH AND READING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Mizak Chairman | OfficerTrustee | 1 | $0 |
Brett Thomason Secretary | OfficerTrustee | 1 | $0 |
Denise Verhuel Co Vice Chair | OfficerTrustee | 1 | $0 |
Daniel Dembicki Treasurer | OfficerTrustee | 1 | $0 |
Mary Stewart Kennedy Co Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,627 |
| All other contributions, gifts, grants, and similar amounts not included above | $31 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,658 |
| Total Program Service Revenue | $1,992,216 |
| Investment income | $131 |
| 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 | $1,997,005 |
| 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 | $1,051,651 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $165,243 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,295 |
| Fees for services: Accounting | $35,991 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $96,705 |
| 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 | $12,286 |
| Insurance | $20,614 |
| All other expenses | $165,353 |
| Total functional expenses | $1,849,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $441,539 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $8,059 |
| Net Land, buildings, and equipment | $1,391,513 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,841,111 |
| Accounts payable and accrued expenses | $10,460 |
| 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 | $600,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $56,490 |
| Total liabilities | $666,950 |
| Net assets without donor restrictions | $974,161 |
| Net assets with donor restrictions | $200,000 |
| 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 | $1,841,111 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sarasota Academy Of The Arts Inc has recieved totaling $62.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $62 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Foundation For Osceola Education Inc Kissimmee, FL | $17,231,201 | $18,787,939 |
Lake Technical College Inc Eustis, FL | $17,510,446 | $18,253,168 |
Northstar Academies Inc Fort Lauderdale, FL | $8,255,029 | $17,151,740 |
Global Outreach Charter Academys Jacksonville, FL | $28,025,971 | $16,215,591 |
Coastal Plains Education Center Inc Metter, GA | $21,944,449 | $17,839,473 |
National Ben Gamla Charter Schoolfoundation Inc Miami, FL | $11,814,149 | $15,804,589 |
Lincoln Marti Charter Schools Inc Miami, FL | $12,862,040 | $15,316,634 |
Ridgeview Global Studies Academy Inc Davenport, FL | $23,553,699 | $16,444,024 |
Wesley International Academy Inc Atlanta, GA | $9,201,005 | $14,194,787 |
City Of Belle Isle Charter Schools Inc Miami, FL | $12,550,374 | $14,274,361 |
Sarasota Military Academy Inc Sarasota, FL | $22,680,421 | $14,952,313 |
Minneola Charter Schools Inc Minneola, FL | $14,329,481 | $14,463,653 |