Academy At Ocean Reef Inc

Organization Overview

Academy At Ocean Reef Inc is located in Key Largo, FL. The organization was established in 1991. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 07/2021, Academy At Ocean Reef Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy At Ocean Reef 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 07/2021, Academy At Ocean Reef Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $2.3m during the year ending 07/2021. While expenses have increased by 7.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE EDUCATION FOR CHILDREN FROM PRESCHOOL THROUGH SECONDARY LEVEL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ACADEMY AT OCEAN REEF IS A NON-PROFIT INDEPENDENT SCHOOL THAT SERVES FULL TIME AND SEASONAL CHILDREN OF MEMBERS AND EMPLOYEES AT THE OCEAN REEF CLUB IN GRADES PRESCHOOL THROUGH EIGHTH GRADE. THE SCHOOL IS ACCREDITED BY THE FLORIDA COUNCIL OF INDEPENDENT SCHOOLS AND THE FLORIDA KINDERGARTEN COUNCIL.


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Board, Officers & Key Employees

Name (title)Compensation
Jerome Murphy
Head Of Scho
$154,500
Brad Copeland
Trustee
$0
Casey Everhart
Trustee
$0
Molly Carroll
Trustee
$0
Lisa Bailey Cassidy
Trustee
$0
Kat Fritter
Trustee
$0

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$761,462
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$761,462
Total Program Service Revenue$1,291,804
Investment income $7,348
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 $2,461,632

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Academy At Ocean Reef Inc has recieved totaling $3,500.

Awarding OrganizationAmount
Rice Family Charitable Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$3,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$109,145
Admin Expense-$109,145

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