Treasure Coast Classical Academy Inc
- Assets
- $20.2m
- Revenue
- $12.7m
- Investments
- $0.0
- Employees
- 203
- Location
- Stuart, FL
- Founding
- 07/2018
- Data as of
- 06/2022
- EIN
- 82-3724972
Organization Overview
Treasure Coast Classical Academy Inc is located in Stuart, FL. The organization was established in 2018. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Treasure Coast Classical Academy Inc employed 203 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Treasure Coast Classical 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, Treasure Coast Classical Academy Inc generated $12.7m in total revenue. All expenses for the organization totaled $11.4m during the year ending 06/2022. While expenses have increased by 95.9% 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
TO TRAIN THE MINDS AND IMPROVE THE HEARTS OF YOUNG PEOPLE THROUGH A CONTENT-RICH CLASSICAL EDUCATION IN THE LIBERAL ARTS AND SCIENCES, WITH INSTRUCTION IN THE PRINCIPLES OF MORAL CHARACTER AND CIVIC VIRTUE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO TRAIN THE MINDS AND IMPROVE THE HEARTS OF YOUNG PEOPLE THROUGH A CONTENT-RICH CLASSICAL EDUCATION IN THE LIBERAL ARTS AND SCIENCES, WITH INSTRUCTION IN THE PRINCIPLES OF MORAL CHARACTER AND CIVIC VIRTUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph M Featherstone Chairman | OfficerTrustee | 1 | $0 |
Laura Pate Director | Trustee | 1 | $0 |
Gary Uber Secretary | OfficerTrustee | 1 | $0 |
Brandon Tucker Treasurer | OfficerTrustee | 1 | $0 |
Brandon Miller Director | Trustee | 1 | $0 |
Janine Swearingin Principal | 40 | $106,843 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Optima Foundation Inc Management Services | 6/29/22 | $1,147,503 |
Educator Solutions Inc Payroll Services | 6/29/22 | $817,225 |
Lintons Food Service Management Food Services | 6/29/22 | $515,074 |
Fieldstone Maintenance Solutions Facilities And Maintenance | 6/29/22 | $409,027 |
The Stepping Stones Group Specialist Services | 6/29/22 | $234,215 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,067,977 |
| All other contributions, gifts, grants, and similar amounts not included above | $375,757 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,443,734 |
| Total Program Service Revenue | $295,357 |
| Investment income | $124 |
| 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 | $12,739,215 |
| 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. | $105,439 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,936,334 |
| Pension plan accruals and contributions | $164,911 |
| Other employee benefits | $484,118 |
| Payroll taxes | $298,329 |
| Fees for services: Management | $1,059,400 |
| Fees for services: Legal | $13,804 |
| 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 | $1,209,765 |
| Advertising and promotion | $0 |
| Office expenses | $450,928 |
| Information technology | $119,794 |
| Royalties | $0 |
| Occupancy | $496,605 |
| Travel | $24,291 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,390,258 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $550,197 |
| Insurance | $120,788 |
| All other expenses | $0 |
| Total functional expenses | $11,374,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,038,794 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $224,071 |
| 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 | $384 |
| Net Land, buildings, and equipment | $16,818,595 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $137,175 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,219,019 |
| Accounts payable and accrued expenses | $749,053 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $19,700,000 |
| 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 | $0 |
| Total liabilities | $20,449,053 |
| Net assets without donor restrictions | -$230,034 |
| 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 | $20,219,019 |