Athenian Academy Inc
- Assets
- $28.8m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Clearwater, FL
- Founding
- 10/1999
- Data as of
- 06/2023
- EIN
- 59-3571143
Organization Overview
Athenian Academy Inc is located in Clearwater, FL. The organization was established in 1999. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Athenian 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 06/2023, Athenian Academy Inc generated $8.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $8.8m during the year ending 06/2023. While expenses have increased by 15.5% per year over the past 8 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 OPERATE TWO PUBLIC CHARTER SCHOOLS THAT PROVIDES ELEMENTARY EDUCATION WITH A FOCUS ON THE LEARNING OF FOREIGN LANGUAGE AND MATH SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC CHARTER SCHOOLS THAT SERVES GRADES K-5. THE STUDENTS RECEIVE AN EXCELLENCE IN EDUCATION IN A SMALL-SCHOOL CARING AND NURTURING ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Pantazes President | OfficerTrustee | 0.5 | $0 |
Mark Tsetsi Member | Trustee | 0.5 | $0 |
Vasili Nezer Member | Trustee | 0.5 | $0 |
Voula Patrides Member | Trustee | 0.5 | $0 |
Tina Pegler Member | Trustee | 0.5 | $0 |
June Roper Principal | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Building Hope Herculesllc Facility Lease | 6/29/22 | $200,000 |
Choice Charter School Services Consulting | 6/29/22 | $464,184 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,945,147 |
| 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 | $8,731,340 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,232,108 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $533,534 |
| Insurance | $0 |
| All other expenses | $1,959,927 |
| Total functional expenses | $8,776,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $744,227 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $16,446 |
| Accounts receivable, net | $135,549 |
| 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 | $27,938,032 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,834,254 |
| Accounts payable and accrued expenses | $530,941 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $8,602,177 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $17,836 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,814,598 |
| Total liabilities | $28,965,552 |
| Net assets without donor restrictions | $0 |
| 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 | -$796,579 |
| Retained earnings, endowment, accumulated income, or other funds | $665,281 |
| Total liabilities and net assets/fund balances | $28,834,254 |