Blessed Carlos Acutis Virtual Academy Inc
- Assets
- $592.7k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 34
- Location
- Opa Locka, FL
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 27-4182688
Organization Overview
Blessed Carlos Acutis Virtual Academy Inc is located in Opa Locka, FL. The organization was established in 1946. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Blessed Carlos Acutis Virtual Academy Inc employed 34 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Blessed Carlos Acutis Virtual 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, Blessed Carlos Acutis Virtual Academy Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.5% each year . All expenses for the organization totaled $895.8k during the year ending 06/2022. While expenses have increased by 20.9% per year over the past 7 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
THE ORGANIZATION IS AN ONLINE SACS ACCREDITED CATHOLIC SCHOOL (K-12).
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR CURRENT ENROLLMENT IS APPROXIMATELY 900 STUDENTS. WE HAVE PART-TIME AND FULL TIME COURSE PROGRAMS, TO SERVICE STUDENTS IN GRADES K-12. WE ALSO HAVE A PROGRAM FOR ADULT LEARNERS. OUR STUDENTS/SCHOOLS RESIDE ALL ACROSS THE COUNTRY, AND IN TURKS AND CAICOS. WE HAVE CREDIT ENRICHMENT AND CREDIT RECOVERY AND ARE ACCREDITED TO ISSUE A HIGH SCHOOL DIPLOMA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sr Elizabeth Worley Sr President | Trustee | 1 | $0 |
Jim Rigg Secretary | Trustee | 1 | $0 |
Michael Casciato Treasurer | Trustee | 1 | $0 |
Donald Edwards Director | Trustee | 1 | $0 |
Rebeca Bautista Vp/principal | OfficerTrustee | 40 | $109,959 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| 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 | $1,086,500 |
| Statement of Expenses | |
|---|---|
| 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. | $109,959 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $336,306 |
| Pension plan accruals and contributions | $14,710 |
| Other employee benefits | $6,939 |
| Payroll taxes | $33,259 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,205 |
| Advertising and promotion | $536 |
| Office expenses | $1,198 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $895,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $592,693 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $592,693 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $4,900 |
| 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 | $147,100 |
| Total liabilities | $152,000 |
| Net assets without donor restrictions | $440,693 |
| 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 |
| Total liabilities and net assets/fund balances | $440,693 |