Jacksonville Classical Academy Inc
- Assets
- $23.8m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 125
- Location
- Jacksonville, FL
- Founding
- 08/2019
- Data as of
- 06/2022
- EIN
- 83-1701221
Organization Overview
Jacksonville Classical Academy Inc is located in Jacksonville, FL. The organization was established in 2019. 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, Jacksonville Classical Academy Inc employed 125 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jacksonville 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, Jacksonville Classical Academy Inc generated $8.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 55.7% each year . All expenses for the organization totaled $10.0m during the year ending 06/2022. While expenses have increased by 28.3% per year over the past 3 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John D Rood Chairman | OfficerTrustee | 1 | $0 |
Allison Defoor Vice Chairman | OfficerTrustee | 1 | $0 |
Colleen Haley Secretary | OfficerTrustee | 1 | $0 |
Cleve Warren Treasurer | OfficerTrustee | 1 | $0 |
Shantel Davis Board Member | Trustee | 1 | $0 |
Daryl Gottlieb Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Educator Solutions Inc Payroll Services | 6/29/22 | $611,408 |
Lintons Food Service Management Food Services | 6/29/22 | $431,965 |
The Optima Foundation Inc Management Services | 6/29/22 | $900,847 |
Randall & Randall Inc Transportation Services | 6/29/22 | $141,280 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,454,205 |
| All other contributions, gifts, grants, and similar amounts not included above | $396,876 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,851,081 |
| Total Program Service Revenue | $188,373 |
| Investment income | $134,839 |
| 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 | $8,174,293 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,019,383 |
| Pension plan accruals and contributions | $163,737 |
| Other employee benefits | $461,475 |
| Payroll taxes | $0 |
| Fees for services: Management | $917,081 |
| Fees for services: Legal | $89,078 |
| Fees for services: Accounting | $21,954 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $914,757 |
| Advertising and promotion | $3,877 |
| Office expenses | $420,582 |
| Information technology | $147,791 |
| Royalties | $0 |
| Occupancy | $372,279 |
| Travel | $4,927 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,185,584 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $663,680 |
| Insurance | $56,951 |
| All other expenses | $10,080 |
| Total functional expenses | $9,990,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,142,432 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $216,522 |
| Accounts receivable, net | $22,650 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,214,550 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $775,933 |
| Net Land, buildings, and equipment | $1,058,827 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,414,390 |
| Other assets | $0 |
| Total assets | $23,845,304 |
| Accounts payable and accrued expenses | $974,798 |
| 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 | $2,040,866 |
| Secured mortgages and notes payable | $15,991,091 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,338,793 |
| Total liabilities | $29,345,548 |
| Net assets without donor restrictions | -$5,500,244 |
| 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 | $23,845,304 |