Educational Harbor Inc
- Assets
- $106.8k
- Revenue
- $236.0k
- Investments
- $0.0
- Employees
- 10
- Location
- Palmetto, FL
- Founding
- 02/2016
- Data as of
- 06/2020
- EIN
- 47-4468310
Organization Overview
Educational Harbor Inc, operating under the name Educational Harbor, is located in Palmetto, FL. The organization was established in 2016. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2019, Educational Harbor employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Educational Harbor 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 06/2020, Educational Harbor generated $236.0k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $211.2k during the year ending 06/2020. While expenses have increased by 1.8% per year over the past 3 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE QUALITY CHRISTIAN EDUCATION THAT IS INDIVIDUALIZED, RESEARCH BASED, AND COMMUNITY-DRIVEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE OFFER PRIVATE SCHOOL MONDAY THROUGH THURSDAY ON A REGULAR BASIS, ALTHOUGH TEH TIMES ADJUST TO FIT THE NEEDS OF OUR CURRENT COMMUNITIES. WE ALSO OFFER PROGRAMMING ON FRIDAYS FOR FAMILIES TO PARTICIPATE IN, INCLUDING FILED TRIPS, CLUB DAYZ AND PARK DAYS. DURING OUR SCHOOL DAYS, WE OFFER ACADEMICS, SPECIAL CLASSES, AND TUTORING. THIS IS OUR FOCUS IN PROGRAMMING. WE ALSO TAKE PRIDE IN PARTNERING WITH OTHER EDUCATIONAL GROUOS AND ORGANIZATIONS TO EXPAND EXTRACURRICULAR ACTIVITIES THAT WE MOY NOT OFFER ON SITE WITH OUR PROGRAM.
PRIVATE MIRCO-SCHOOL WITH NO MORE THAN 65 STUDENTS IN CLASSES OF 8-12. CLASSES ARE MIXED AGED WITH INDIVIDUALIZED CURRICULUM. WE SERVE STUDENTS K-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Mayo Principal, Secretary | OfficerTrustee | 40 | $39,223 |
Stephanie Powers Assistant Principal | Officer | 40 | $36,136 |
Paula Tucker Teacher | Officer | 35 | $28,952 |
Melanie Welch Teacher | Officer | 35 | $22,209 |
Leslie Barron Teacher | Officer | 35 | $20,886 |
Anthony Szczepanek Vice President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $226,675 |
| 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 | $643 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $236,027 |
| Statement of Expenses | |
|---|---|
| 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. | $142,330 |
| Compensation to disqualified persons | $2,428 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $951 |
| Other employee benefits | $0 |
| Payroll taxes | $11,910 |
| 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 | $685 |
| Information technology | $245 |
| Royalties | $0 |
| Occupancy | $5,881 |
| Travel | $320 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,860 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $481 |
| Insurance | $825 |
| All other expenses | $3,297 |
| Total functional expenses | $211,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,821 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $10,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $106,821 |
| Accounts payable and accrued expenses | $0 |
| 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 | $61,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,922 |
| Total liabilities | $77,922 |
| Net assets without donor restrictions | $28,899 |
| 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 |
| Total liabilities and net assets/fund balances | $28,899 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Educational Harbor Inc has recieved totaling $94.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $94 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Project Access Foundation Inc Miami, FL | $8,531,083 | $32,893,719 |
Early Learning Coalition Of Floridas Heartland Inc Port Charlotte, FL | $2,212,537 | $18,405,437 |
Early Learning Coalition Of Okaloosa And Walton Counties Inc Shalimar, FL | $1,559,642 | $16,151,395 |
University Of North Georgia Foundation Inc Dahlonega, GA | $101,168,345 | $9,379,486 |
Usf Financing Corporation Tampa, FL | $387,045,696 | $13,998,407 |
Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin Tampa, FL | $0 | -$8,161,100 |
Southern Assoc Of Colleges And Schools Commission On Colleges Inc Decatur, GA | $21,107,199 | $13,477,936 |
White Hall Enrichment Advancement Team Hayneville, AL | $52,157 | $11,823,582 |
A Gift For Teaching Inc Orlando, FL | $5,328,629 | $9,022,570 |
Ninja Academy Incorporated Hollywood, FL | $2,893,530 | $10,861,940 |
Hillsborough Education Foundation Inc Tampa, FL | $10,731,665 | $10,065,447 |
The Cottage School Educational Resource Center Inc Roswell, GA | $19,413,651 | $9,463,796 |