Royal Palm Academy Inc
- Assets
- $6.3m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 82
- Location
- Naples, FL
- Founding
- 01/1999
- Data as of
- 06/2022
- 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 06/2022, Royal Palm Academy Inc employed 82 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 06/2022, Royal Palm Academy Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $4.4m during the year ending 06/2022. While expenses have increased by 5.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 245 STUDENTS FROM PRE-KINDERGARTEN THROUGH 8TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Avery President | OfficerTrustee | 0.1 | $0 |
Joe O'malley Vice President | OfficerTrustee | 0.1 | $0 |
Charles Ciuni Treasurer | OfficerTrustee | 0.1 | $0 |
Olesya Karakosta Secretary | OfficerTrustee | 0.1 | $0 |
Robert Ringhofer Director | Trustee | 0.1 | $0 |
Jacqueline Balandra Immediate Past President | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $169,253 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $814,355 |
| Noncash contributions included in lines 1a–1f | $25,766 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $983,608 |
| Total Program Service Revenue | $3,385,231 |
| Investment income | $6,517 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,184 |
| Net Gain/Loss on Asset Sales | $36,523 |
| Net Income from Fundraising Events | -$59,194 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,360,331 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $575,652 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $232,633 |
| Compensation of current officers, directors, key employees. | $34,894 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,903,918 |
| Pension plan accruals and contributions | $26,805 |
| Other employee benefits | $200,573 |
| Payroll taxes | $160,986 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,378 |
| Fees for services: Accounting | $24,056 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,886 |
| Fees for services: Other | $6,179 |
| Advertising and promotion | $23,094 |
| Office expenses | $69,830 |
| Information technology | $49,510 |
| Royalties | $0 |
| Occupancy | $435,969 |
| Travel | $35 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,912 |
| Interest | $28,642 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $235,572 |
| Insurance | $98,288 |
| All other expenses | $0 |
| Total functional expenses | $4,404,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $880,751 |
| Savings and temporary cash investments | $435,793 |
| Pledges and grants receivable | $400 |
| Accounts receivable, net | $26,318 |
| 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 | $43,075 |
| Net Land, buildings, and equipment | $4,455,534 |
| Investments—publicly traded securities | $425,712 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,267,583 |
| Accounts payable and accrued expenses | $166,523 |
| Grants payable | $0 |
| Deferred revenue | $1,334,637 |
| 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 | $570,834 |
| Unsecured mortgages and notes payable | $136,900 |
| Other liabilities | $0 |
| Total liabilities | $2,208,894 |
| Net assets without donor restrictions | $3,002,160 |
| Net assets with donor restrictions | $1,056,529 |
| 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 | $6,267,583 |