A Beka Academy Inc
- Assets
- $66.4m
- Revenue
- $124.2m
- Investments
- $0.0
- Employees
- 208
- Location
- Pensacola, FL
- Founding
- 02/1998
- Data as of
- 05/2022
- EIN
- 59-3458436
Organization Overview
A Beka Academy Inc is located in Pensacola, FL. The organization was established in 1998. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 05/2022, A Beka Academy Inc employed 208 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A Beka 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 05/2022, A Beka Academy Inc generated $124.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $134.5m during the year ending 05/2022. While expenses have increased by 15.5% 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 QUALITY CHRISTIAN EDUCATIONAL SERVICES TO STUDENTS ACROSS THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE EDUCATION FOR KINDERGARTEN, ELEMENTARY, AND HIGH SCHOOL STUDENTS. THROUGH DISTANT LEARNING SERVICES, A BEKA ACADEMY, INC. (ABA) OFFERS A CURRICULUM BASED ON TRADITIONAL CHRISTIAN EDUCATIONAL PRINCIPLES. A CORRESPONDENCE SCHOOL IS OFFERED TO PARENTS WHO WISH TO TEACH THEIR CHILDREN AT HOME WITH TEXTBOOKS AND COMPLETE CURRICULA. ANOTHER DISTANT LEARNING SERVICE PROVIDED BY ABA IS TO VIDEO HOME SCHOOL. VIDEOS OF ACTUAL CLASSES TAKING PLACE AT PENSACOLA CHRISTIAN ACADEMY ARE OFFERED TO PARENTS WHO WISH TO SCHOOL THEIR CHILDREN AT HOME. VIDEOS ARE ALSO OFFERED TO SCHOOLS WHO MAY SUBSTITUTE THE VIDEO INSTRUCTION FOR ACTUAL CLASSROOM INSTRUCTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Birx | 40 | $106,097 | |
Dr Troy Shoemaker President | OfficerTrustee | 0 | $0 |
Denise Shoemaker Secretary | OfficerTrustee | 0 | $0 |
James Thompson II CFO | Officer | 0 | $0 |
Gettys Allen Director | Trustee | 0 | $0 |
Dr James Chapman Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Advanced Duplication Services Llc Cd-rom Manufacturer | 5/30/21 | $1,898,038 |
Fisherbroyles Llp Legal | 5/30/21 | $132,320 |
Advanced Duplication Services Llc Cd-rom Manufacturer | 5/30/21 | $1,898,038 |
Fisherbroyles Llp Legal | 5/30/21 | $132,320 |
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 | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
| Total Program Service Revenue | $123,844,395 |
| Investment income | $286,276 |
| 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 | $124,172,250 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $299,354 |
| 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 | $8,048,835 |
| Pension plan accruals and contributions | $243,269 |
| Other employee benefits | $692,038 |
| Payroll taxes | $544,241 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $79,205 |
| 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 | $28,494,255 |
| Advertising and promotion | $32,782 |
| Office expenses | $4,358,776 |
| Information technology | $0 |
| Royalties | $13,951,526 |
| Occupancy | $6,323,697 |
| Travel | $405,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,660,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,812,007 |
| Insurance | $94,639 |
| All other expenses | $376,778 |
| Total functional expenses | $134,479,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,977,526 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,178,045 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,343,160 |
| Prepaid expenses and deferred charges | $23,054 |
| Net Land, buildings, and equipment | $344,500 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $53,493,573 |
| Other assets | $0 |
| Total assets | $66,359,858 |
| Accounts payable and accrued expenses | $11,296,965 |
| Grants payable | $0 |
| Deferred revenue | $19,958,997 |
| 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 | $80,345,882 |
| Total liabilities | $111,601,844 |
| Net assets without donor restrictions | -$45,241,986 |
| 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 | $66,359,858 |
Grants Awarded
Over the last fiscal year, A Beka Academy Inc has awarded $379,019 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Pensacola, FL PURPOSE: GENERAL SUPPORT | $313,025 |
Pensacola, FL PURPOSE: GENERAL SUPPORT | $65,994 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that A Beka Academy Inc has recieved totaling $13,600,183.
| Awarding Organization | Amount |
|---|---|
Pensacola Christian College Inc Pensacola, FL PURPOSE: GENERAL SUPPORT | $13,600,183 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
A Beka Academy Inc Pensacola, FL | $66,359,858 | $124,172,250 |
Project Access Foundation Inc Miami, FL | $8,531,083 | $32,893,719 |
Early Learning Coalition Of Floridas Heartland Inc Port Charlotte, FL | $2,212,537 | $18,405,437 |
Early Learning Coalition Of Okaloosa And Walton Counties Inc Shalimar, FL | $1,559,642 | $16,151,395 |
University Of North Georgia Foundation Inc Dahlonega, GA | $101,168,345 | $9,379,486 |
Usf Financing Corporation Tampa, FL | $387,045,696 | $13,998,407 |
Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin Tampa, FL | $0 | -$8,161,100 |
Southern Assoc Of Colleges And Schools Commission On Colleges Inc Decatur, GA | $21,107,199 | $13,477,936 |
White Hall Enrichment Advancement Team Hayneville, AL | $52,157 | $11,823,582 |
A Gift For Teaching Inc Orlando, FL | $5,328,629 | $9,022,570 |
Ninja Academy Incorporated Hollywood, FL | $2,893,530 | $10,861,940 |
Hillsborough Education Foundation Inc Tampa, FL | $10,731,665 | $10,065,447 |