Clearwater Academy International Inc
- Assets
- $3.7m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 71
- Location
- Clearwater, FL
- Founding
- 02/1993
- Data as of
- 07/2021
- EIN
- 59-2987746
Organization Overview
Clearwater Academy International Inc is located in Clearwater, FL. The organization was established in 1993. 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 07/2021, Clearwater Academy International Inc employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clearwater Academy International 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 07/2021, Clearwater Academy International Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $2.5m during the year ending 07/2021. While expenses have increased by 12.3% 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
EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF PRESCHOOL THROUGH 12TH GRADE CHILDREN IN A SAFE AND CULTURAL ENVIRONMENT WHERE THE ABILITY OF EACH CHILD IS ENHANCED FOR MAXIMUM POTENTIAL AND SUCCESS IN LIFE. ENROLLMENT DURING FISCAL YEAR ENDING JULY 31, 2021 AVERAGED 233 STUDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James B Zwers Executive Director | OfficerTrustee | 40 | $58,193 |
Kathy Zwers Director, Vice-President | OfficerTrustee | 5 | $0 |
Jeffrey Feldman Director, President | OfficerTrustee | 5 | $0 |
Sikica Feldman Director, Secretary | OfficerTrustee | 40 | $0 |
Judith A Gilbert Director, Treasurer | OfficerTrustee | 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 | $376,157 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $376,157 |
| Total Program Service Revenue | $2,511,336 |
| Investment income | $668 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,369 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,896,530 |
| 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. | $58,193 |
| Compensation of current officers, directors, key employees. | $58,193 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,282,750 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $106,884 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,410 |
| 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 | $5,005 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $108,010 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,839 |
| Interest | $47,024 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $97,562 |
| Insurance | $60,822 |
| All other expenses | $245,118 |
| Total functional expenses | $2,491,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,716 |
| Savings and temporary cash investments | $981,673 |
| 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 | $22,325 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,108,541 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $21,451 |
| Other assets | $183,518 |
| Total assets | $3,655,224 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $83,941 |
| 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 | $941,661 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $285,592 |
| Total liabilities | $1,311,194 |
| 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 | $2,344,030 |
| Total liabilities and net assets/fund balances | $3,655,224 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Clearwater Academy International Inc has recieved totaling $695.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $695 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Canterbury School Corporation Fort Myers, FL | $32,236,169 | $23,638,435 |
Brookstone School Inc Columbus, GA | $71,035,506 | $24,481,396 |
The Masters Academy Of Central Florida Inc Oviedo, FL | $26,482,967 | $18,246,673 |
Savannah Christian Preparatory School Inc Savannah, GA | $28,769,990 | $18,697,901 |
Saint Edwards School Vero Beach, FL | $54,149,022 | $17,250,987 |
Strong Rock Christian School Inc Locust Grove, GA | $18,179,980 | $18,285,975 |
Fellowship Christian School Inc Roswell, GA | $48,536,188 | $18,034,878 |
St Pauls Episcopal School Mobile, AL | $26,189,566 | $16,422,172 |
Dubois Integrity Academy Inc Riverdale, GA | $36,435,666 | $18,797,787 |
William Monroe Rowlett Academy For Arts And Communication Bradenton, FL | $11,754,381 | $15,312,169 |
Episcopal Day Private School Of Manatee County Inc Bradenton, FL | $25,876,327 | $15,435,458 |
St Francis Day School Inc Roswell, GA | $35,555,718 | $15,564,442 |