Visible Men Academy Inc
- Assets
- $737.4k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 22
- Location
- Bradenton, FL
- Founding
- 02/2013
- Data as of
- 06/2023
- EIN
- 46-0930264
Organization Overview
Visible Men Academy Inc is located in Bradenton, FL. The organization was established in 2013. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Visible Men Academy Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Visible Men 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 06/2023, Visible Men Academy Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2023. 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 MISSION OF VMA IS TO PROVIDE BOYS, FROM LOW-INCOME COMMUNITIES, WITH OUTSTANDING ACADEMIC, CHARACTER, AND SOCIAL EDUCATION IN A NURTURING SCHOOL ENVIRONMENT. THE PURPOSE IS TO DELIVER A HIGH-QUALITY EDUCATIONAL EXPERIENCE THAT MEETS THE SPECIFIC NEEDS OF AT-RISK ELEMENTARY SCHOOL AGED BOYS THROUGH THE COLLABORATIVE EFFORTS OF ADMINISTRATORS, TEACHERS, PARENTS, THE BROADER COMMUNITY, AND THE STUDENTS THEMSELVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF VMA IS TO PROVIDE BOYS, FROM LOW-INCOME COMMUNITIES, WITH OUTSTANDING ACADEMIC, CHARACTER, AND SOCIAL EDUCATION IN A NURTURING SCHOOL ENVIRONMENT. THE PURPOSE IS TO DELIVER A HIGH-QUALITY EDUCATIONAL EXPERIENCE THAT MEETS THE SPECIFIC NEEDS OF AT-RISK ELEMENTARY SCHOOL AGED BOYS THROUGH THE COLLABORATIVE EFFORTS OF ADMINISTRATORS, TEACHERS, PARENTS, THE BROADER COMMUNITY, AND THE STUDENTS THEMSELVES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Naiema Frieson Board Chair | Trustee | 1 | $0 |
Tara Sall Member | Trustee | 1 | $0 |
Jeffrey Meyer Member | Trustee | 1 | $0 |
Marilyn Kline Member | Trustee | 1 | $0 |
Melissa Dunlap Member | Trustee | 1 | $0 |
Wilitone Petit Member | Trustee | 1 | $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 | $583,354 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $583,354 |
| Total Program Service Revenue | $721,363 |
| 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 | $1,342,433 |
| 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 | $846,700 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,476 |
| Payroll taxes | $72,284 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,294 |
| Fees for services: Accounting | $94,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,473 |
| Office expenses | $75,724 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $235,690 |
| Travel | $7,512 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,336 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,615 |
| Insurance | $27,329 |
| All other expenses | $6,979 |
| Total functional expenses | $1,986,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,848 |
| 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 | $19,294 |
| Net Land, buildings, and equipment | $432,220 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $737,362 |
| Accounts payable and accrued expenses | $112,282 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $69,713 |
| Total liabilities | $181,995 |
| 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 | $362,507 |
| Retained earnings, endowment, accumulated income, or other funds | $192,860 |
| Total liabilities and net assets/fund balances | $737,362 |