Reading Edge Academy Inc
- Assets
- $6.2m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 71
- Location
- Debary, FL
- Founding
- 07/1998
- Data as of
- 06/2022
- EIN
- 59-3455253
Organization Overview
Reading Edge Academy Inc is located in Debary, FL. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2022, Reading Edge Academy Inc employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reading Edge 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, Reading Edge Academy Inc generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $4.8m during the year ending 06/2022. While expenses have increased by 2.3% 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 SCHOOL IS A NOT FOR PROFIT PUBLIC CHARTER ELEMENTARY SCHOOL THAT EMPHASIZES READING EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
READING EDGE SERVED 529 STUDENTS IN TWO LOCATIONS DURING THE SCHOOL YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Caldwell Chair | OfficerTrustee | $0 | |
Vickie Foster Vice Chair | OfficerTrustee | $0 | |
Arlene Lowery Secretary | OfficerTrustee | $0 | |
Marianne Stanley Treasurer | OfficerTrustee | $0 | |
Sandy Kent Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,361,926 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,941 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,375,867 |
| Total Program Service Revenue | $469,979 |
| Investment income | $502 |
| 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 | $4,846,330 |
| 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 | $2,807,037 |
| Pension plan accruals and contributions | $92,361 |
| Other employee benefits | $133,653 |
| Payroll taxes | $230,241 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,407 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,600 |
| Office expenses | $15,537 |
| Information technology | $160 |
| Royalties | $0 |
| Occupancy | $468,329 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $91,966 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $228,962 |
| Insurance | $57,382 |
| All other expenses | $220,531 |
| Total functional expenses | $4,787,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $711,148 |
| Savings and temporary cash investments | $395,015 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $408,815 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,192 |
| Prepaid expenses and deferred charges | $2,150 |
| Net Land, buildings, and equipment | $4,666,900 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,250 |
| Total assets | $6,200,470 |
| Accounts payable and accrued expenses | $181,172 |
| 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 | $1,647,400 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,828,572 |
| Net assets without donor restrictions | $4,371,898 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $6,200,470 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Reading Edge Academy Inc has recieved totaling $1,448.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $1,448 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Second Wind Programs Inc Birmingham, AL | $5,585,002 | $12,560,505 |
New Mission Systems Inc Ft Myers, FL | $7,483,097 | $11,126,012 |
Deerwood Country Club Inc Jacksonville, FL | $10,155,508 | $6,981,612 |
Archbold Expeditions Inc Venus, FL | $92,397,695 | $5,182,964 |
Reach Up Inc Tampa, FL | $1,690,303 | $4,995,945 |
Reading Edge Academy Inc Debary, FL | $6,200,470 | $4,846,330 |
Deus Spes Mea Foundation Inc Miami, FL | $23,770,835 | $1,843,877 |
Kenneth M And Sue B Henson Charitable Tr Columbus, GA | $128,427 | $4,166 |
Alabama Quality Assurance Foundation Birmingham, AL | $2,705,369 | $2,946,978 |
Adults Mankind Organization Inc Miami, FL | $649,293 | $3,052,521 |
Star Choices Inc Macon, GA | $3,954,236 | $2,942,133 |
American Academy Of Religion Inc Atlanta, GA | $12,832,858 | $1,627,436 |