Ignite Academy Inc is located in Tarpon Springs, FL. The organization was established in 2017. 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 06/2022, Ignite Academy Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ignite 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 06/2022, Ignite Academy Inc generated $591.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 62.9% each year . All expenses for the organization totaled $461.2k during the year ending 06/2022. While expenses have increased by 50.6% per year over the past 4 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
CREATE LEARNING ENVIRONMENTS THAT IGNITE BOUNDLESS GROWTH BY IMMERSING KIDS IN REAL HEALTH TO IMPACT THE WORLD
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELPING CHILDREN THRIVE BY CONNECTING KIDS TO THEIR STORY, BUILDING OVERALL HEALTH AND EQUIPPING THE FAMILY
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Justin Gingerich President | Officer | 40 | $44,711 |
Jessica Serrano Vice President | Officer | 40 | $44,711 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $36,359 |
Related organizations | $0 |
Government grants | $0 |
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 | $36,359 |
Total Program Service Revenue | $507,809 |
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 | $46,325 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $591,378 |
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. | $89,423 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $255,458 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $20,600 |
Fees for services: Management | $1,000 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,090 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $4,323 |
Advertising and promotion | $4,403 |
Office expenses | $317 |
Information technology | $2,341 |
Royalties | $0 |
Occupancy | $39,125 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $448 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $7,844 |
Insurance | $6,015 |
All other expenses | $3,221 |
Total functional expenses | $461,234 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $169,234 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $12,894 |
Net Land, buildings, and equipment | $40,296 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $222,424 |
Accounts payable and accrued expenses | $0 |
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 | $20,211 |
Total liabilities | $20,211 |
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 | $202,213 |
Total liabilities and net assets/fund balances | $222,424 |
Over the last fiscal year, we have identified 2 grants that Ignite Academy Inc has recieved totaling $10,915.
Awarding Organization | Amount |
---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $10,746 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $169 |
Organization Name | Assets | Revenue |
---|---|---|
Florida Charter Educational Foundation Inc Ft Lauderdale, FL | $156,543,730 | $97,506,587 |
Pine Crest Preparatory School Inc Fort Lauderdale, FL | $333,237,666 | $117,032,606 |
Woodward Academy Inc College Park, GA | $297,987,009 | $85,209,091 |
Westminster Schools Inc Atlanta, GA | $596,739,021 | $99,709,851 |
Gulliver Preparatory School Inc Miami, FL | $217,883,947 | $98,038,609 |
Lovett School Atlanta, GA | $255,570,564 | $63,708,553 |
Ransom Everglades School Inc Miami, FL | $255,259,179 | $68,191,853 |
Bolles School Jacksonville, FL | $131,930,396 | $55,866,326 |
Miami Country Day School Inc Miami, FL | $132,305,093 | $52,562,056 |
Greater Atlanta Christian Schools Inc Norcross, GA | $104,910,212 | $44,897,863 |
Pace Academy Inc Atlanta, GA | $185,935,585 | $47,968,638 |
Purpose Built Schools Atlanta Inc Atlanta, GA | $15,990,097 | $34,651,857 |