Academy Of Spectrum Diversity Inc
- Assets
- $986.0k
- Revenue
- $653.2k
- Investments
- $0.0
- Employees
- 14
- Location
- Zephyrhills, FL
- Founding
- 01/2018
- Data as of
- 06/2023
- EIN
- 82-1159297
Organization Overview
Academy Of Spectrum Diversity Inc is located in Zephyrhills, FL. The organization was established in 2018. As of 06/2023, Academy Of Spectrum Diversity Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Of Spectrum Diversity 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, Academy Of Spectrum Diversity Inc generated $653.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $587.8k during the year ending 06/2023. While expenses have increased by 15.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A SCHOOL ENVIRONMENT WHERE ALL STUDENTS AND THEIR FAMILIES FEEL WELCOME AND ACCEPTED. TO FOSTER THE FEELING OF INCLUSION AND COMMUNITY WITHIN THE SCHOOL. TO MAKE STUDENTS DREAM MORE, DO MORE, AND BECOME MORE THAN ANYONE EVER THOUGHT THEY COULD, INCLUDING THEMSELVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACADEMY OF SPECTRUM DIVERSITY SERVES OVER 50 SPECIAL NEEDS STUDENTS WITH A WAITING LIST FOR ENROLLMENT OF APPROXIMATELY 75 STUDENTS. 92% PERCENT OF OUR STUDENT BODY HAS INCREASED THEIR ASSESSMENT TEST SCORES FROM THE FIRST ENROLLMENT PERIOD ASSESSMENT. 100% OF OUR STUDENTS ATTEND OUR SCHOOL THROUGH THE SCHOOL CHOICE INITIATIVE THAT PROVIDES PARTIAL/FULL TUITION ASSISTANCE THROUGH VARIOUS OUTLETS. OUR SCHOOL HAS BEEN AWARDED THE LEADERSHIP AWARD FOR THE LAST 4 YEARS IN A ROW FROM THE FLORIDA SCHOOL CHOICE OFFICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
June Caruso President | OfficerTrustee | $0 | |
Tammy Dester Secretary | OfficerTrustee | $0 | |
Rachel Lare Treasurer | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $566,246 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,404 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $578,650 |
| Total Program Service Revenue | $60,946 |
| Investment income | $9,152 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,636 |
| Net Income from Fundraising Events | -$3,165 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $653,219 |
| 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. | $108,908 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $234,601 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,853 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,718 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,948 |
| Advertising and promotion | $505 |
| Office expenses | $11,097 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,330 |
| Travel | $878 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,458 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,370 |
| Insurance | $23,010 |
| All other expenses | $17,984 |
| Total functional expenses | $587,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $336,716 |
| 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 | $0 |
| Net Land, buildings, and equipment | $648,606 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $680 |
| Total assets | $986,002 |
| 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 | $385,496 |
| Total liabilities | $385,496 |
| 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 | $600,506 |
| Total liabilities and net assets/fund balances | $986,002 |