Royal Palm Academy Inc
- Assets
- $6.2m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 67
- Location
- Naples, FL
- Founding
- 01/1999
- Data as of
- 06/2021
- EIN
- 58-2395519
Organization Overview
Royal Palm Academy Inc is located in Naples, FL. The organization was established in 1999. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2021, Royal Palm Academy Inc employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Royal Palm 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 06/2021, Royal Palm Academy Inc generated $4.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $4.2m during the year ending 06/2021. While expenses have increased by 5.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN EDUCATION OF RICH ACADEMICS WITH CATHOLIC CONTENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROYAL PALM ACADEMY OPERATES AN ELEMENTARY SCHOOL WITH APPROXIMATELY 234 STUDENTS FROM PRE-KINDERGARTEN THROUGH 8TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Baier Former Head Of School Thru 5/31 | Officer | 40 | $94,429 |
Dennis Frodsham Business Manager/cfo | Officer | 40 | $87,796 |
Jacqueline Balandra President | OfficerTrustee | 0.1 | $0 |
Karen Avery Secretary | OfficerTrustee | 0.1 | $0 |
Joseph O'malley Vice President | OfficerTrustee | 0.1 | $0 |
Charles Ciuni Treasurer | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $42,322 |
| Related organizations | $0 |
| Government grants | $457,340 |
| All other contributions, gifts, grants, and similar amounts not included above | $479,739 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $979,401 |
| Total Program Service Revenue | $3,011,041 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $800 |
| Net Gain/Loss on Asset Sales | -$23,872 |
| Net Income from Fundraising Events | $1,613 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,972,426 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $615,727 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $222,930 |
| Compensation of current officers, directors, key employees. | $33,439 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,746,056 |
| Pension plan accruals and contributions | $7,450 |
| Other employee benefits | $177,953 |
| Payroll taxes | $147,202 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,638 |
| Fees for services: Accounting | $21,578 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,497 |
| Fees for services: Other | $5,481 |
| Advertising and promotion | $21,354 |
| Office expenses | $58,371 |
| Information technology | $47,593 |
| Royalties | $0 |
| Occupancy | $445,439 |
| Travel | $1,588 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,372 |
| Interest | $31,349 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $227,866 |
| Insurance | $109,536 |
| All other expenses | $34,186 |
| Total functional expenses | $4,220,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $591,762 |
| Savings and temporary cash investments | $498,085 |
| Pledges and grants receivable | $4,744 |
| Accounts receivable, net | $36,553 |
| 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 | $56,567 |
| Net Land, buildings, and equipment | $4,433,228 |
| Investments—publicly traded securities | $553,447 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,174,386 |
| Accounts payable and accrued expenses | $191,414 |
| Grants payable | $0 |
| Deferred revenue | $941,925 |
| 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 | $603,621 |
| Unsecured mortgages and notes payable | $206,342 |
| Other liabilities | $0 |
| Total liabilities | $1,943,302 |
| Net assets without donor restrictions | $3,084,679 |
| Net assets with donor restrictions | $1,146,405 |
| 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 | $6,174,386 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Royal Palm Academy Inc has recieved totaling $18,627.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $17,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,127 |
Endowment Analysis
| Beg. Balance | $15,000 |
| Ending Balance | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montgomery Community Action Committee Montgomery, AL | $13,253,001 | $19,355,950 |
Society Of St Vincent De Paul South Pinellas Inc St Petersburg, FL | $20,224,703 | $21,064,190 |
Community Service Programs Of West Alabama Inc Tuscaloosa, AL | $11,169,657 | $19,088,639 |
Catholic Charities Bureau Jacksonville, FL | $12,649,665 | $19,074,889 |
St Johns County Welfare Federation St Augustine, FL | $11,404,486 | $15,403,737 |
Coastal Georgia Area Community Action Authority Inc Brunswick, GA | $8,853,505 | $18,530,212 |
Changing Homelessness Inc Jacksonville, FL | $1,897,568 | $14,269,486 |
University Of Alabama Ophthalmology Services Foundation Birmingham, AL | $3,172,403 | $13,818,197 |
Hope Villages Of America Inc Clearwater, FL | $6,400,993 | $13,661,683 |
U S Space & Rocket Center Education Foundation Huntsville, AL | $18,280,145 | $26,134,184 |
Community Action Program Inc Pensacola, FL | $1,817,125 | $12,881,444 |
Automotive Aftermarket Association Southeast Health Fund Montgomery, AL | $888,375 | $12,395,120 |