Literacy Leadership Technology Academy
- Assets
- $18.7m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 144
- Location
- Tampa, FL
- Founding
- 05/2006
- Data as of
- 06/2022
- EIN
- 47-0948628
Organization Overview
Literacy Leadership Technology Academy, operating under the name Llt Academy, is located in Tampa, FL. The organization was established in 2006. 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, Llt Academy employed 144 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Llt Academy 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, Llt Academy generated $10.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $10.5m during the year ending 06/2022. While expenses have increased by 13.4% 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
TO PROVIDE AN EDUCATIONAL PROGRAM WITH ENHANCED SCHOLASTIC MOMENTUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE SCHOOL IS TO FACILITATE A LEARNING ENVIRONMENT THAT PROMOTE PROACTIVE DISCIPLINE WITH HIGH STANDARDS FOR ACADEMIC SUCCESS IN THE BASIC SKILLS AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lesley Logan Chief Education Officer | Officer | 40 | $0 |
Jack Metz Chairman | Trustee | 1 | $0 |
Amber Council Member | Trustee | 1 | $0 |
David W Magann Member | Trustee | 1 | $0 |
Fredrick Blue Member | Trustee | 1 | $0 |
Olga Nasthas Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
6771 Madison Ave Facility Lease | 6/29/16 | $532,050 |
Ach Payroll Co Leased Employees | 6/29/16 | $2,718,683 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $617,713 |
| 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 | $617,713 |
| Total Program Service Revenue | $9,475,894 |
| 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 | $10,853,276 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $1,140,484 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $751,762 |
| Insurance | $0 |
| All other expenses | $1,297,495 |
| Total functional expenses | $10,493,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,332,581 |
| Savings and temporary cash investments | $1,124,298 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,581 |
| 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 | $75,319 |
| Net Land, buildings, and equipment | $15,106,130 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,669,909 |
| Accounts payable and accrued expenses | $42,990 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $15,710,000 |
| 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 | $2,724,329 |
| Total liabilities | $18,477,319 |
| 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 | -$3,328,199 |
| Retained earnings, endowment, accumulated income, or other funds | $3,520,789 |
| Total liabilities and net assets/fund balances | $18,669,909 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Doral Academy Inc Miami, FL | $78,216,564 | $49,667,670 |
Lake Wales Charter Schools Lake Wales, FL | $35,506,108 | $45,984,784 |
Drew Charter School Inc Atlanta, GA | $34,692,137 | $41,952,542 |
River City Education Services Jacksonville, FL | $97,321,758 | $40,759,077 |
Georgia Connections Academy Charter School Inc Duluth, GA | $22,514,475 | $38,349,918 |
Mater Academy Central Inc Kissimmee, FL | $56,599,415 | $27,041,064 |
Kindezi School Inc Atlanta, GA | $19,750,427 | $21,363,051 |
Discovery Education Services Inc Orlando, FL | $22,168,948 | $29,305,548 |
Floridians For Quality Virtual Education Inc Tampa, FL | $7,270,958 | $27,629,122 |
Slam Florida Inc Miami, FL | $54,805,051 | $25,153,035 |
Foothills Education Center Inc Athens, GA | $29,237,884 | $30,776,964 |
Odyssey Charter School Inc Palm Bay, FL | $38,445,587 | $26,479,709 |