Glades Academy Inc
- Assets
- $1.9m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 28
- Location
- Palm Beach, FL
- Founding
- 06/2001
- Data as of
- 06/2023
- EIN
- 65-1032601
Organization Overview
Glades Academy Inc is located in Palm Beach, FL. The organization was established in 2001. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Glades Academy Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glades 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, Glades Academy Inc generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $3.3m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 8 years. 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
THE ORGANIZATIONOPERATE A CHARTER SCHOOL FOR LOW INCOME FAMILIES IN PAHOKEE, FLORIDA.THE PRIMARY GOAL OF THE SCHOOL IS TO PROVIDE A RIGOROUS, SYSTEMATICINTENSE INSTRUCTIONAL PROGRAM FOR READING, WRITING AND MATH ALIGNED
Describe the Organization's Program Activity:
Part 3 - Line 4a
FROM K-8TH GRADE ARE EXPECTED TO BE AT GRADE LEVEL BY THE INTENSE PROGRAM METHODS USED. THE SERVES OVER 250 AT RISK AND ACADEMICALLY CHALLENGED STUDENTS.THE ORGANIZATION THROUGH THE SCHOOL PROVIDES A SAFE NURTURING ENVIRONMENT PROMOTES EMOTIONAL AND SOCIAL GROWTH FOR ALL STUDENTS WHILE DEVELOPING SELF CONFIDENCE AND ACADEMIC ADVANCEMENTS NEEDED TO BECOME ACTIVE, PRODUCTIVE CITIZENS.THE SCHOOL PROVIDED ALL STUDENTS WITH EXTRACURRICULAR AND CURRICULUM BASED FIELD TRIPS TO VARIOUS EDUCATIONAL FACILITIESIN FLORIDA INCLUDING MUSEUMS AND RELATED ACTIVITIES.THE STUDENTS ALSO WENT TO OTHER RECREATIONAL AND SOCIAL ATTRACTIONS TO EXPAND THEIR HORIZONS.
FROM K-8TH GRADE ARE EXPECTED TO BE AT GRADE LEVEL BY THE INTENSE PROGRAM METHODS USED. THE SERVES OVER 250 AT RISK AND ACADEMICALLY CHALLENGED STUDENTS.THE ORGANIZATION THROUGH THE SCHOOL PROVIDES A SAFE NURTURING ENVIRONMENT PROMOTES EMOTIONAL AND SOCIAL GROWTH FOR ALL STUDENTS WHILE DEVELOPING SELF CONFIDENCE AND ACADEMIC ADVANCEMENTS NEEDED TO BECOME ACTIVE, PRODUCTIVE CITIZENS.THE SCHOOL PROVIDED ALL STUDENTS WITH EXTRACURRICULAR AND CURRICULUM BASED FIELD TRIPS TO VARIOUS EDUCATIONAL FACILITIESIN FLORIDA INCLUDING MUSEUMS AND RELATED ACTIVITIES.THE STUDENTS ALSO WENT TO OTHER RECREATIONAL AND SOCIAL ATTRACTIONS TO EXPAND THEIR HORIZONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vinnisha Jones Principal | Officer | 40 | $132,500 |
Emilia Fanjul President | OfficerTrustee | 10 | $0 |
Thomas Sutterfiels Treasurer/secretary | OfficerTrustee | 3 | $0 |
Lillia Azquetta Director | Trustee | 1 | $0 |
Raul Cardenas Director | Trustee | 1 | $0 |
Catherine Mcdermott Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,798,249 |
| All other contributions, gifts, grants, and similar amounts not included above | $427,614 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,225,863 |
| Total Program Service Revenue | $0 |
| 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 | $3,225,863 |
| 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. | $132,500 |
| Compensation of current officers, directors, key employees. | $132,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,662,366 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $259,049 |
| Payroll taxes | $136,904 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $80,072 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,918 |
| Office expenses | $19,891 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $398,910 |
| Travel | $113,560 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,990 |
| Insurance | $0 |
| All other expenses | $329,713 |
| Total functional expenses | $3,321,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,071,828 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,772 |
| 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 | $64,682 |
| Net Land, buildings, and equipment | $109,620 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $672,114 |
| Total assets | $1,933,016 |
| Accounts payable and accrued expenses | $122,483 |
| 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 | $0 |
| Other liabilities | $771,501 |
| Total liabilities | $893,984 |
| Net assets without donor restrictions | $1,039,032 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,933,016 |