Discovery Academy Of Lake Alfred Inc
- Assets
- $35.3m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 186
- Location
- Lake Alfred, FL
- Founding
- 02/2002
- Data as of
- 06/2021
- EIN
- 59-3725544
Organization Overview
Discovery Academy Of Lake Alfred Inc is located in Lake Alfred, FL. The organization was established in 2002. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Discovery Academy Of Lake Alfred Inc employed 186 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Discovery Academy Of Lake Alfred 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, Discovery Academy Of Lake Alfred Inc generated $10.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $12.1m during the year ending 06/2021. While expenses have increased by 7.9% 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
WE ARE DEDICATED TO ACTIVELY ENGAGING ALL INDVIDUALS IN A QUALITY LEARNING EXPERIENCE THAT WILL ENABLE THEM TO VALUE THEMSELVES AND BECOME RESPONSIBLE, PRODUCTIVE CITIZENS IN A CHANGING WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDES AN INNOVATIVE BASED LEARNING FOR STUDENTS IN GRADES SIXTH THROUGH EIGHTH. THE MISSION OF THE SCHOOL INCLUDES PREPARING STUDENTS TO BE LIFETIME LEARNERS WHOSE ACADEMIC ACHIEVEMENT IS ENHANCED BY SUPERIOR COMMUNICATION SKILLS, CHARACTER TRAINING, AND APPRECIATION FOR DIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Fulks President/ex | 50 | $161,976 | |
Kevin Warren Principal | 0.5 | $113,438 | |
Mary Pulse Secretary | Officer | 0.5 | $0 |
Charlotte Butler Chairperson | Trustee | 0.5 | $0 |
Nancy Daley Board Member | Trustee | 0.5 | $0 |
Aimee Diaz Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sla Management | 6/29/21 | $525,641 |
Esc Inc Custodial | 6/29/21 | $157,697 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,641,280 |
| 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 | $1,641,280 |
| Total Program Service Revenue | $7,201,806 |
| Investment income | $280,434 |
| 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 | $10,939,110 |
| 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 | $4,156,563 |
| Pension plan accruals and contributions | $1,209,260 |
| Other employee benefits | $768,235 |
| Payroll taxes | $301,601 |
| 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 | $95,971 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,014 |
| Travel | $2,608 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,271,273 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $751,769 |
| Insurance | $132,750 |
| All other expenses | $412,402 |
| Total functional expenses | $12,056,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,914,463 |
| Savings and temporary cash investments | $6,189,107 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $851,053 |
| 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 | $17,624,633 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,725,058 |
| Total assets | $35,304,314 |
| Accounts payable and accrued expenses | $1,101,822 |
| 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 | $29,128,226 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,089,274 |
| Total liabilities | $37,319,322 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$2,015,008 |
| Total liabilities and net assets/fund balances | $35,304,314 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Discovery Academy Of Lake Alfred Inc has recieved totaling $137.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $137 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Doral Academy Inc Miami, FL | $78,216,564 | $49,667,670 |
Lake Wales Charter Schools Lake Wales, FL | $35,506,108 | $45,984,784 |
Drew Charter School Inc Atlanta, GA | $34,692,137 | $41,952,542 |
River City Education Services Jacksonville, FL | $97,321,758 | $40,759,077 |
Georgia Connections Academy Charter School Inc Duluth, GA | $22,514,475 | $38,349,918 |
Mater Academy Central Inc Kissimmee, FL | $56,599,415 | $27,041,064 |
Kindezi School Inc Atlanta, GA | $19,750,427 | $21,363,051 |
Discovery Education Services Inc Orlando, FL | $22,168,948 | $29,305,548 |
Floridians For Quality Virtual Education Inc Tampa, FL | $7,270,958 | $27,629,122 |
Slam Florida Inc Miami, FL | $54,805,051 | $25,153,035 |
Foothills Education Center Inc Athens, GA | $29,237,884 | $30,776,964 |
Odyssey Charter School Inc Palm Bay, FL | $38,445,587 | $26,479,709 |