Mainspring Academy Inc
- Assets
- $645.5k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 20
- Location
- Jacksonville, FL
- Founding
- 05/2015
- Data as of
- 06/2022
- EIN
- 47-3046264
Organization Overview
Mainspring Academy Inc is located in Jacksonville, FL. The organization was established in 2015. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Mainspring Academy Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mainspring 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 06/2022, Mainspring Academy Inc generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) 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
TO PROVIDE QUALITY, INDIVIDUALIZED EDUCATION IN A SAFE LEARNING ENVIRONMENT WHERE CHILDREN WITH INTELLECTUAL AND DEVELOPMENTAL DIFFERENCES CAN THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINSPRING ACADEMY IS AN ACADEMIC CENTER FOR OVER 60 STUDENTS WITH SPECIAL NEEDS AND LEARNING CHALLENGES IN THE GREATER JACKSONVILLE AREA. THROUGH TEAMWORK AND COMMUNICATION, IN A NURTURING ENVIRONMENT, STUDENTS ARE HELPED TO ACHIEVE THEIR FULLEST POTENTIAL THROUGHOUT THEIR LIFETIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dina Parisi Head Of Scho | Officer | 40 | $70,000 |
Melissa Johnson Secretary | OfficerTrustee | $0 | |
Ritche Redondo Treasurer | OfficerTrustee | $0 | |
Dr Mohammed Touheed Vice Chair | OfficerTrustee | $0 | |
Kristine D'esterhazy Chair | OfficerTrustee | $0 | |
Angela Mann Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $292,603 |
| All other contributions, gifts, grants, and similar amounts not included above | $132,685 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $425,288 |
| Total Program Service Revenue | $1,075,359 |
| Investment income | $5,137 |
| 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 | $1,505,784 |
| 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. | $70,000 |
| Compensation of current officers, directors, key employees. | $7,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $652,727 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,109 |
| Payroll taxes | $59,453 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,344 |
| 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 | $24,708 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $233,288 |
| 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 | $14,019 |
| Insurance | $15,803 |
| All other expenses | $0 |
| Total functional expenses | $1,183,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $477,807 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,988 |
| 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 | $1,212 |
| Net Land, buildings, and equipment | $145,296 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,201 |
| Total assets | $645,504 |
| Accounts payable and accrued expenses | $28,686 |
| Grants payable | $0 |
| Deferred revenue | $71,036 |
| 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 | $0 |
| Total liabilities | $99,722 |
| Net assets without donor restrictions | $545,782 |
| 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 | $645,504 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Mainspring Academy Inc has recieved totaling $16,674.
| Awarding Organization | Amount |
|---|---|
Fortegra Foundation Jacksonville, FL PURPOSE: SPECIAL NEEDS EDUCATION | $10,500 |
Heal Foundation Inc Ponte Vedra Beach, FL PURPOSE: Support programs for autistic children | $1,000 |
Borkowski Fam Foundation Tr Jacksonville, FL PURPOSE: GENERAL SUPPORT | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
New York Life Foundation New York, NY PURPOSE: EDUC. GENERAL | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Howard School Inc Atlanta, GA | $46,587,964 | $14,630,236 |
Schenck School Inc Atlanta, GA | $49,204,547 | $13,089,821 |
Baconton Parents And Citizens For Better Education Inc Baconton, GA | $6,989,998 | $13,118,266 |
Mill Springs Academy Inc Alpharetta, GA | $16,639,612 | $7,597,542 |
Brookhaven Innovation Academy Norcross, GA | $15,037,187 | $6,615,354 |
Jacobs Ladder Neurodevelopmental Learning Center Inc Roswell, GA | $19,026,689 | $7,969,292 |
Pepin Academies Of Pasco County Inc Riverview, FL | $12,543,463 | $5,585,503 |
North Florida School Of Special Education Jacksonville, FL | $11,766,235 | $6,180,165 |
Liberty Tech Charter School Inc Brooks, GA | $5,341,334 | $5,035,134 |
Greater Etowah Mental Retardation 310 Board Inc Gadsden, AL | $7,555,250 | $4,979,622 |
Livingstone Schools Inc Seffner, FL | $3,314,595 | $4,105,227 |
Achievement Academy Inc Lakeland, FL | $3,141,951 | $4,281,030 |