Academic Alternative Education Inc
- Assets
- $27.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 15
- Location
- Boca Raton, FL
- Founding
- 06/2009
- Data as of
- 12/2023
- EIN
- 06-1619630
Organization Overview
Academic Alternative Education Inc is located in Boca Raton, FL. The organization was established in 2009. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 12/2023, Academic Alternative Education Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academic Alternative Education 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 12/2023, Academic Alternative Education Inc generated $83.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (23.4%) each year. All expenses for the organization totaled $66.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (25.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
STUDENTS RECEIVE QUALITY EDUCATIONAL INSTRUCTION IN A SAFE, NURTURING ENVIRONMENT THAT FOCUSES ON EMPOWERING THEM TO REACH THEIR FULLEST POTENTIAL. STUDENTS GRADUATE WITH A BETTER PREPARATION FOR FUTURE ACADEMIC ENDEAVORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheldon Klasfeld President | 10 | $8,625 | |
Marjorie Baker Director | 2 | $0 | |
Adam S Klasfeld Treasurer | 1 | $0 | |
Sheana Klasfeld Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $360 |
| Total Program Service Revenue | $78,085 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $5,000 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $83,445 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $25,855 |
| Professional fees and other payments to independent contractors | $850 |
| Occupancy, rent, utilities, and maintenance | $15,780 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $23,803 |
| Total expenses | $66,288 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,949 |
| Other assets | $0 |
| Total assets | $27,949 |
| Total liabilities | $0 |
| Net assets or fund balances | $27,949 |