Western Academy Inc
- Assets
- $4.1m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 86
- Location
- Royal Palm Beach, FL
- Founding
- 07/2003
- Data as of
- 06/2021
- EIN
- 56-2316078
Organization Overview
Western Academy Inc, operating under the name Western Academy Charter School, is located in Royal Palm Beach, FL. The organization was established in 2003. 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, Western Academy Charter School employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Academy Charter School 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, Western Academy Charter School generated $5.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $5.0m during the year ending 06/2021. While expenses have increased by 6.2% per year over the past 6 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
STUDENT CENTERED LEARNING ENVIRONMENT THAT PROMOTES HIGH STANDARDS, GRADE K THRU 8.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE 2020-2021 SCHOOL-YEAR, SOME ADDITIONAL HIGHLIGHTS OF THE PROGRESS MADE IN THE STANDARDIZED TEST SCORES INCLUDED: RANKINGS-#1 CHARTER SCHOOL IN PALM BEACH COUNTY -#1 SCHOOL IN WESTERN COMMUNITIES IN ADDITION, WESTERN ACADEMY CHARTER SCHOOL HAS ACHIEVED THE FOLLOWING: -FLORIDA DEPARTMENT OF EDUCATION SCHOOL OF EXCELLENCE -STEAM ACADEMY IN MIDDLE SCHOOL -FLORIDA FIVE STAR CHARTER SCHOOL IN PALM BEACH COUNTY SINCE 2010 -FDOE HIGH PERFORMING CHARTER SCHOOL SINCE 2011 -A MEMBER OF PRIME TIME QUALITY IMPROVEMENT SYSTEM -PALM BEACH COUNTY GREEN SCHOOL OF EXECUTIVE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Terranova Executive Director | Officer | 40 | $53,644 |
Carol Culberson-Howard President | Trustee | 5 | $0 |
Barbara Suflas-Noble Treasurer | Trustee | 5 | $0 |
Jorge Garrido Director | Trustee | 5 | $0 |
Dr Christopher Madden Director | Trustee | 5 | $0 |
Cristy Altaro Director | Trustee | 5 | $0 |
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 | $45,773 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,773 |
| Total Program Service Revenue | $4,563,103 |
| Investment income | $14,467 |
| 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 | $5,136,508 |
| 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. | $74,315 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,644,421 |
| Pension plan accruals and contributions | $542,957 |
| Other employee benefits | $175,349 |
| Payroll taxes | $185,704 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,306 |
| Fees for services: Accounting | $11,052 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,551 |
| Advertising and promotion | $12,000 |
| Office expenses | $0 |
| Information technology | $64,772 |
| Royalties | $0 |
| Occupancy | $504,169 |
| 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 | $111,867 |
| Insurance | $0 |
| All other expenses | $55,455 |
| Total functional expenses | $5,036,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,802,053 |
| Savings and temporary cash investments | $569,851 |
| Pledges and grants receivable | $152,670 |
| 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 | $7,200 |
| Net Land, buildings, and equipment | $803,535 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $729,569 |
| Total assets | $4,064,878 |
| Accounts payable and accrued expenses | $181,393 |
| 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 | $2,552,836 |
| Total liabilities | $2,734,229 |
| Net assets without donor restrictions | $1,302,849 |
| Net assets with donor restrictions | $27,800 |
| 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 | $4,064,878 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Western Academy Inc has recieved totaling $414.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $414 |
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 |