Coolanu Inc
- Assets
- $1.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 2
- Location
- N Miami Beach, FL
- Founding
- 10/2014
- Data as of
- 12/2023
- EIN
- 46-4248914
Organization Overview
Coolanu Inc, operating under the name Shorashim Academy, is located in N Miami Beach, FL. The organization was established in 2014. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Shorashim Academy employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shorashim Academy 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 12/2023, Shorashim Academy generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.7% each year . All expenses for the organization totaled $679.9k during the year ending 12/2023. While expenses have increased by 13.0% 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
TO PRODUCE HIGH QUALITY LEADERS FROM STUDENTS OF ALL SOCIO-ECONOMIC LEVELS AND BACKGROUNDS, USING THE LATEST INNOVATIONS IN EDUCATIONAL TECHNOLOGY AND METHODOLOGY. UPLIFTING FAMILIES AND THE COMMUNITY AS A WHOLE, THE SCHOOL GENERATES A CULTURE OF LEARNING, PERSONAL GROWTH, AND ACCEPTANCE OF OTHERS, PROMOTING RESPECTFUL BEHAVIORS AND HIGH-LEVEL ACADEMICS IN BOTH SECULAR AND JUDAIC STUDIES. STUDENTS' GIFTS AND TALENTS ARE DEVELOPED TO ENABLE MASTERY AND LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JEWISH EDUCATION
JEWISH EDUCATION
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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 | $1,359,460 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,359,460 |
| Total Program Service Revenue | $0 |
| 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 | $1,359,460 |
| 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 | $376,593 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,890 |
| Payroll taxes | $14,275 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,586 |
| Advertising and promotion | $7,613 |
| Office expenses | $61,403 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,790 |
| Travel | $25,680 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,199 |
| Interest | $16,775 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $24,666 |
| All other expenses | $7,510 |
| Total functional expenses | $679,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $458,914 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $581,111 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,040,025 |
| Accounts payable and accrued expenses | $4,926 |
| 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 | $500,000 |
| Total liabilities | $504,926 |
| Net assets without donor restrictions | $535,099 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,040,025 |