Jacksonville Classical Academy Inc
- Assets
- $24.8m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 58
- Location
- Jacksonville, FL
- Founding
- 08/2019
- Data as of
- 06/2021
- 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 06/2021, Jacksonville Classical Academy Inc employed 58 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 06/2021, Jacksonville Classical Academy Inc generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 58.4% each year . All expenses for the organization totaled $6.6m during the year ending 06/2021. While expenses have increased by 17.7% per year over the past 2 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
2021
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 |
|---|---|---|---|
Allison Defoor Vice Chairman | OfficerTrustee | 1 | $0 |
John D Rood Chairman | OfficerTrustee | 1 | $0 |
Colleen Haley Secretary | OfficerTrustee | 1 | $0 |
Cleve Warren Treasurer | OfficerTrustee | 1 | $0 |
Daryl Gottlieb Board Member | Trustee | 1 | $0 |
Shantel Davis Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Educator Solutions Inc Payroll Services | 6/29/21 | $491,204 |
The Optima Foundation Inc Management Services | 6/29/21 | $628,563 |
Lintons Food Service Management Food Services | 6/29/21 | $163,010 |
Randall & Randall Inc Transportation Services | 6/29/21 | $149,520 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,787 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,787 |
| Total Program Service Revenue | $5,275,921 |
| Investment income | $147,090 |
| 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 | $5,438,798 |
| 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 | $2,328,599 |
| Pension plan accruals and contributions | $73,126 |
| Other employee benefits | $269,845 |
| Payroll taxes | $0 |
| Fees for services: Management | $628,563 |
| Fees for services: Legal | $1,733 |
| Fees for services: Accounting | $13,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $918,228 |
| Advertising and promotion | $3,950 |
| Office expenses | $43,860 |
| Information technology | $7,425 |
| Royalties | $0 |
| Occupancy | $129,098 |
| Travel | $12,358 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $496,067 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $408,280 |
| Insurance | $49,464 |
| All other expenses | $420,129 |
| Total functional expenses | $6,556,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,084,522 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,293,071 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,028,549 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,770,733 |
| Other assets | $1,585,581 |
| Total assets | $24,762,456 |
| Accounts payable and accrued expenses | $459,603 |
| 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 | $17,936,593 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,050,236 |
| Total liabilities | $28,446,432 |
| Net assets without donor restrictions | -$3,683,976 |
| 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 | $24,762,456 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jacksonville Classical Academy Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Dattilo Family Foundation Inc Atlantic Beach, FL PURPOSE: PROMOTE CLASSICAL EDUCATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Foundation For Osceola Education Inc Kissimmee, FL | $17,231,201 | $18,787,939 |
Lake Technical College Inc Eustis, FL | $17,510,446 | $18,253,168 |
Northstar Academies Inc Fort Lauderdale, FL | $8,255,029 | $17,151,740 |
Global Outreach Charter Academys Jacksonville, FL | $28,025,971 | $16,215,591 |
Coastal Plains Education Center Inc Metter, GA | $21,944,449 | $17,839,473 |
National Ben Gamla Charter Schoolfoundation Inc Miami, FL | $11,814,149 | $15,804,589 |
Lincoln Marti Charter Schools Inc Miami, FL | $12,862,040 | $15,316,634 |
Ridgeview Global Studies Academy Inc Davenport, FL | $23,553,699 | $16,444,024 |
Wesley International Academy Inc Atlanta, GA | $9,201,005 | $14,194,787 |
City Of Belle Isle Charter Schools Inc Miami, FL | $12,550,374 | $14,274,361 |
Sarasota Military Academy Inc Sarasota, FL | $22,680,421 | $14,952,313 |
Minneola Charter Schools Inc Minneola, FL | $14,329,481 | $14,463,653 |