Avant Garde Academy Foundation Inc
- Assets
- $46.1m
- Revenue
- $17.3m
- Investments
- $0.0
- Employees
- 202
- Location
- Hollywood, FL
- Founding
- 07/2016
- Data as of
- 06/2021
- EIN
- 81-1739253
Organization Overview
Avant Garde Academy Foundation Inc is located in Hollywood, FL. The organization was established in 2016. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Avant Garde Academy Foundation Inc employed 202 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Avant Garde Academy Foundation 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, Avant Garde Academy Foundation Inc generated $17.3m in total revenue. All expenses for the organization totaled $15.4m during the year ending 06/2021. While expenses have increased by 282.0% per year over the past 5 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
AVANT GARDE ACADEMY FOUNDATION,INC. IS A NONPROFIT ORGANIZATION CREATED FOR THE PURPOSE OF OPERATING CHARTER SCHOOLS THROUHOUT THE STATE OF FLORIDA. THE DIVISIONS OF THE ORGANIZATION INCLUDE AVANT GARDE ACADEMY K-5 - BROWARD AND AVANT GARDE ACADEMY OF BROWARD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AVANT GARDE ACADEMY K-5 BROWARD WAS ESTABLISHED IN 2015 AS PUBLIC CHARTER SCHOOL TO SERVE STUDENTS FROM KINDERGARTEN TO FIFTH GRADE IN BROWARD COUNTY. THERE WAS AN AVERAGE OF 1,030 STUDENTS ENROLLED FOR THE 2020/2021 SCHOOL YEAR.
AVANT GARDE ACADEMY OF BROWARD WAS ESTABLISHED IN 2014 AS PUBLIC CHARTER SCHOOL TO SERVE STUDENTS FROM SIXTH TO TWELFTH GRADE IN BROWARD COUNTY. THERE WAS AN AVERAGE OF 897 STUDENTS ENROLLED FOR THE 2020/2021 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arlene Valdes Upper School Principal | Officer | 40 | $103,435 |
Samantha Walker Operations Director | Officer | 40 | $99,256 |
Juan Rivera Lower School Principal | Officer | 40 | $73,392 |
Ron Legler Treasurer | OfficerTrustee | 10 | $0 |
Maria Diaz Kremer President | OfficerTrustee | 10 | $0 |
Marc Spiegelman Secretary | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Preferred Meals Food | 6/29/21 | $200,906 |
Mg3 Dixie Llc Lease | 6/29/21 | $2,779,959 |
Aia Transportation Buses | 6/29/21 | $182,000 |
City Wide Maintenance Division Llc Building Maintenance | 6/29/21 | $164,423 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,982,659 |
| Investment income | $87 |
| 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 | $17,259,977 |
| Statement of Expenses | |
|---|---|
| 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. | $287,622 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,414,512 |
| Pension plan accruals and contributions | $94,627 |
| Other employee benefits | $372,202 |
| Payroll taxes | $584,789 |
| Fees for services: Management | $1,701,075 |
| Fees for services: Legal | $281,967 |
| 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 | $143,697 |
| Advertising and promotion | $39,083 |
| Office expenses | $25,329 |
| Information technology | $72,494 |
| Royalties | $0 |
| Occupancy | $2,199,777 |
| Travel | $1,693 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $164,968 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,046,215 |
| Insurance | $228,995 |
| All other expenses | $0 |
| Total functional expenses | $15,352,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,444,443 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $254,751 |
| 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 | $297,722 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,800 |
| Total assets | $46,079,616 |
| Accounts payable and accrued expenses | $358,633 |
| 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 | $42,599,531 |
| Total liabilities | $42,958,164 |
| 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 |
| Total liabilities and net assets/fund balances | $3,121,452 |
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