Innovative Academy Inc
- Assets
- $25.7k
- Revenue
- $126.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Plant City, FL
- Founding
- 01/2018
- Data as of
- 12/2019
- EIN
- 82-3782067
Organization Overview
Innovative Academy Inc is located in Plant City, FL. The organization was established in 2018. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Innovative 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 12/2019, Innovative Academy Inc generated $126.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (31.3%) each year. All expenses for the organization totaled $228.1k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING VOCATIONAL TRAINING, JOB PLACEMENT, JOB DEVELOPMENT, VOCATIONAL EVALUATIONS, AND OTHER RELATED VOCATIONAL SERVICES FOR THOSE INDIVIDUALS WITH QUALIFYING DISABILITIES. NUMEROUS STUDENTS BENEFITED FROM THIS SERVICE.
TRADING PROGRAM EDUCATING STUDENTS ON HOW TO OPEN ACCOUNTS WITH BROKERAGES. DEVELOPED SMALL BUSINESS PROGRAM PROMOTING THE CREATION OF BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roderick Henderson President | 40 | $40,233 | |
Tarolyn Granthum Secretary | 2 | $0 | |
Abdul Wasi Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $126,412 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $126,412 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,233 |
| Other employee salaries and wages | $91,904 |
| Pension plans, employee benefits | $18,938 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $1,555 |
| Occupancy | $5,068 |
| Travel, conferences, and meetings | $15,863 |
| Printing and publications | $0 |
| Other expenses | $48,463 |
| Total operating and administrative expenses | $228,102 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $228,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,695 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,695 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Innovative Academy Inc has awarded $50,200 in support to 102 organizations.
| Grant Recipient | Amount |
|---|---|
HURTADO ALEXIS PURPOSE: BACK TO SCHOOL SUPPLIES & CLOTHES | $500 |
MARIA ANICO PURPOSE: BACK TO SCHOOL SUPPLIES & CLOTHES | $500 |
TYRON AIKENS PURPOSE: BACK TO SCHOOL SUPPLIES & CLOTHES | $500 |
GIOVANNY ABARCA PURPOSE: BACK TO SCHOOL SUPPLIES & CLOTHES | $500 |
KHARYLL ALLEN PURPOSE: BACK TO SCHOOL SUPPLIES & CLOTHES | $500 |
AMBERLY ALMONTE PURPOSE: BACK TO SCHOOL SUPPLIES & CLOTHES | $500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Innovative Academy Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
The Sudler Foundation Chatham, NJ PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATIONS EXEMPT PURPOSE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
First Step Staffing Atlanta, GA | $23,617,123 | $68,640,248 |
Central Florida Regional Workforce Development Board Inc Orlando, FL | $4,827,216 | $42,099,579 |
National Center For Construction Education Research Alachua, FL | $48,124,151 | $16,889,028 |
University Of North Florida Training & Services Institute Inc Jacksonville, FL | $18,311,488 | $14,553,681 |
Black Smith Multi-Media Inc Montgomery, AL | $10,013,648 | $10,013,648 |
Pasco-Hernando Workforce Board Inc New Port Richey, FL | $2,232,654 | $8,486,038 |
Polk County Workforce Development Board Inc Bartow, FL | $2,112,904 | $7,478,002 |
Workforce Dev Bd Of The Tres Coast Port St Lucie, FL | $4,273,478 | $6,937,446 |
Suncoast Workforce Board Inc Sarasota, FL | $1,147,952 | $7,055,216 |
Cobbworks Inc Marietta, GA | $1,042,645 | $6,034,938 |
Greater Miami Service Corps Miami, FL | $1,495,856 | $5,833,031 |
National Center For Housing Management Jacksonville, FL | $7,536,545 | $5,299,102 |