Team Success A School Of Excellence Inc
- Assets
- $30.8m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 121
- Location
- Bradenton, FL
- Founding
- 02/2000
- Data as of
- 06/2022
- EIN
- 59-3597540
Organization Overview
Team Success A School Of Excellence Inc is located in Bradenton, FL. The organization was established in 2000. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Team Success A School Of Excellence Inc employed 121 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team Success A School Of Excellence 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, Team Success A School Of Excellence Inc generated $13.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $13.1m during the year ending 06/2022. While expenses have increased by 17.6% 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 ELEMENTARY AND MIDDLE SCHOOL STUDENTS A SAFE AND NURTURING ENVIRONMENT WHERE THEY ARE GIVEN AN OPPORTUNITY TO FULFILL THEIR POTENTIAL IN A DYNAMIC ENVIRONMENT THAT ENCOURAGES AND REWARDS HIGH SCHOLASTIC ACHIEVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ELEMENTARY AND MIDDLE SCHOOL STUDENTS A SAFE AND NURTURING ENVIRONMENT.
PROVIDE ELEMENTARY AND MIDDLE SCHOOL STUDENTS A SAFE AND NURTURING ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | OfficerTrustee | 0.5 | $0 |
Vincent Foderingham Board Member | Trustee | 0.5 | $0 |
Jc Sims Board Member | Trustee | 0.5 | $0 |
Klayton Sparks Board Member | Trustee | 0.5 | $0 |
Edward Viltz Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,215,112 |
| 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 | $2,215,112 |
| Total Program Service Revenue | $10,924,287 |
| 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 | $13,449,748 |
| 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 | $5,094,281 |
| Pension plan accruals and contributions | $71,379 |
| Other employee benefits | $281,563 |
| Payroll taxes | $363,746 |
| Fees for services: Management | $3,074,276 |
| Fees for services: Legal | $47,935 |
| Fees for services: Accounting | $17,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,777 |
| Office expenses | $427,440 |
| Information technology | $5,968 |
| Royalties | $0 |
| Occupancy | $736,847 |
| Travel | $5,488 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $656,548 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $956,124 |
| Insurance | $151,296 |
| All other expenses | $184,352 |
| Total functional expenses | $13,068,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,012,105 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $126,327 |
| 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 | $37,007 |
| Net Land, buildings, and equipment | $18,071,906 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,575,755 |
| Total assets | $30,823,100 |
| Accounts payable and accrued expenses | $424,611 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $24,000,000 |
| Other liabilities | $4,397,339 |
| Total liabilities | $28,821,950 |
| 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 | -$1,034,501 |
| Retained earnings, endowment, accumulated income, or other funds | $3,035,651 |
| Total liabilities and net assets/fund balances | $30,823,100 |