Eagle Arts Academy Inc
- Assets
- $268.3k
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 123
- Location
- Wellington, FL
- Founding
- 02/2016
- Data as of
- 06/2017
- EIN
- 46-2397280
Organization Overview
Eagle Arts Academy Inc is located in Wellington, FL. The organization was established in 2016. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2017, Eagle Arts Academy Inc employed 123 individuals. Eagle Arts 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 06/2017, Eagle Arts Academy Inc generated $5.4m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $5.5m during the year ending 06/2017. While expenses have increased by 4.7% per year over the past 2 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A PUBLIC CHARTER SCHOOL IN PALM BEACH COUNTY, FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EDUCATE THE WHOLE CHILD USING A CHALLENGING 21ST CENTURY CURRICULUM THAT FOCUSES ON THE ARTS. AN ARTS-INFUSED CURRICULUM PROVIDES OPPORTUNITY FOR INTELLECTUAL, EMOTIONAL, AETHETIC, AND SOCIAL GROWTH WHILE CULTIVATING ESSENTIAL SKILLS AND WHILE ENHANCING A CHILD'S CREATIVITY AND IMAGINATION. OUR INNOVATIVE FACILITIES WILL PROVIDE PRACTICAL KNOWLEDGE AND HANDS ON EXPERIENCE IN THE PERFORMING AND PRODUCTION ARTS INA CARING AND SUPPORTIVE ACADEMIC ENVIRONMENT. A BROADER, INTEGRATED CURRICULUM WILL PROVIDE STUDENTS WITH MULTIPLE EXPERIENCES SO THAT THEY CAN GROW INTO ACCOMPLISHED, SUCCESSFUL YOUNG ADULTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Blount Executive Director | Officer | 40 | $0 |
Timothy Quinn Chair | Trustee | 0.5 | $0 |
Dr Jon Robertson Member | Trustee | 0.5 | $0 |
Colleen Kirk Member | Trustee | 0.5 | $0 |
Donna Mcgowan Member | Trustee | 0.5 | $0 |
Sheri Klostermeyer Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charter Pb Wellington 2 Llc Rent | 6/29/17 | $1,090,246 |
Florida Power Utilities | 6/29/17 | $137,462 |
Humana Medical Plan Health Insurance | 6/29/17 | $153,877 |
A&s Transportation Inc Transportation | 6/29/17 | $153,128 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,018 |
| 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 | $31,018 |
| Total Program Service Revenue | $5,136,407 |
| 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 | $4,651 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,358,637 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,495 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,299 |
| Insurance | $0 |
| All other expenses | $3,370,120 |
| Total functional expenses | $5,540,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,696 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $52,815 |
| Accounts receivable, net | $46,725 |
| 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 | $115,402 |
| Net Land, buildings, and equipment | $39,711 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $268,349 |
| Accounts payable and accrued expenses | $388,871 |
| 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 | $9,187 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $398,058 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $30,524 |
| Total net assets or fund balances | -$129,709 |