New Alternative Education High School Of Osceola County Inc
- Assets
- $1.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Lauderdale, FL
- Founding
- 06/2011
- Data as of
- 06/2021
- EIN
- 26-4274546
Organization Overview
New Alternative Education High School Of Osceola County Inc is located in Fort Lauderdale, FL. The organization was established in 2011. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Alternative Education High School Of Osceola County 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, New Alternative Education High School Of Osceola County Inc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 6 years. 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
THE ORGANIZATION OPERATES A HIGH SCHOOL LEVEL CHARTER SCHOOL WHICH WAS ESTABLISHED TO PROVIDE AN EDUCATIONAL CHOICE TO STUDENTS WHO HAVE DROPPED OUT OF TRADITIONAL PUBLIC SCHOOLS OR MAY BE IN DANGER OF FAILING OR DROPPING OUT. THROUGH A HIGH-TECH, RESEARCH-BASED CURRICULUM, THE CHARTER HIGH SCHOOL PROVIDES STUDENTS WITH THE OPPORTUNITY TO EARN A STATE-RECOGNIZED HIGH SCHOOL DIPLOMA AND THUS AFFORDS THE STUDENTS THE OPPORTUNITY TO PURSUE CONTINUING EDUCATION OR SEEK A SUITABLE VOCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAIN STREET HIGH SCHOOL OF OSCEOLA COUNTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce D Gillett Chair Person | OfficerTrustee | 1 | $0 |
Charles D Barnett Vice Chairman | OfficerTrustee | 1 | $0 |
Belinda Kirkegard Secretary | OfficerTrustee | 1 | $0 |
Gary Smith Treasurer | OfficerTrustee | 1 | $0 |
Marvin Pitts Board Member | Trustee | 1 | $0 |
James L Macgregor Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rayna S Howse Irrevocable Trust Rent | 6/29/21 | $400,000 |
Edison Learning Management Fees | 6/29/21 | $298,990 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $138,927 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,927 |
| Total Program Service Revenue | $1,698,828 |
| Investment income | $0 |
| 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 | $1,837,920 |
| 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 | $488,963 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,425 |
| Payroll taxes | $41,518 |
| Fees for services: Management | $298,990 |
| Fees for services: Legal | $7,823 |
| Fees for services: Accounting | $11,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $146,141 |
| Advertising and promotion | $33,359 |
| Office expenses | $5,139 |
| Information technology | $132,735 |
| Royalties | $0 |
| Occupancy | $400,000 |
| Travel | $17,526 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,757 |
| Insurance | $34,955 |
| All other expenses | $110,410 |
| Total functional expenses | $2,161,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,891 |
| Savings and temporary cash investments | $798,223 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $137,018 |
| 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 | $1,200 |
| Net Land, buildings, and equipment | $90,504 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,817 |
| Total assets | $1,183,653 |
| Accounts payable and accrued expenses | $88,197 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $134,447 |
| Total liabilities | $222,644 |
| Net assets without donor restrictions | $0 |
| 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 | $961,009 |
| Total liabilities and net assets/fund balances | $1,183,653 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Alternative Education High School Of Osceola County Inc has recieved totaling $7,798.
| Awarding Organization | Amount |
|---|---|
Genyouth Inc Rosemont, IL PURPOSE: Ice Cooled Food Table | $7,798 |
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 |