The Classical Academy Of Sarasota Inc

Organization Overview

The Classical Academy Of Sarasota 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, Classical Academy Of Sarasota Inc employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Classical Academy Of Sarasota 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, Classical Academy Of Sarasota Inc generated $8.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.2% each year . All expenses for the organization totaled $5.0m during the year ending 06/2022. While expenses have increased by 18.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

DEVELOPING THE ACADEMIC POTENTIAL OF EACH STUDENT THROUGH A RIGOROUS CONTENT-RICH, CLASSICAL LIBERAL ARTS EDUCATION, WHILE BUILDING IN THEM A VIRTUOUS CHARACTER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DEVELOPING HUNDREDS OF STUDENTS WHO ARE LOGICAL THINKERS, COHERENT WRITERS, CONFIDENT SPEAKERS, THOUGHTFUL LEADERS AND RESPONSIBLE VIRTUOUS CITIZENS.


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Board, Officers & Key Employees

Name (title)Compensation
Joseph Penge
Secretary
$0
Ted Lynch
Treasurer
$0
David Sugar
President
$0
Matt Shirey
Director
$0
Jen Grosso
Director
$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$1,731,106
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,731,106
Total Program Service Revenue$5,441,433
Investment income $2,885
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $738,233
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,204,460

Grants Recieved

Over the last fiscal year, we have identified 2 grants that The Classical Academy Of Sarasota Inc has recieved totaling $11,000.

Awarding OrganizationAmount
Swift Family Foundation Inc

Sarasota, FL

PURPOSE: UNRESTRICTED CHARITABLE DONATION

$6,000
Robert E Dods Family Foundation

Longboat Key, FL

PURPOSE: GENERAL OPERATIONS

$5,000
View Grant Recipient Profile

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