Team Success A School Of Excellence Inc
- Assets
- $19.8m
- Revenue
- $11.3m
- Investments
- $0.0
- Employees
- 121
- Location
- Bradenton, FL
- Founding
- 02/2000
- Data as of
- 06/2021
- EIN
- 59-3597540
Organization Overview
Team Success A School Of Excellence Inc is located in Bradenton, FL. The organization was established in 2000. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Team Success A School Of Excellence Inc employed 121 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team Success A School Of Excellence 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 06/2021, Team Success A School Of Excellence Inc generated $11.3m 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 $11.5m during the year ending 06/2021. While expenses have increased by 18.3% 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
TO PROVIDE ELEMENTARY AND MIDDLE SCHOOL STUDENTS A SAFE AND NURTURING ENVIRONMENT WHERE THEY ARE GIVEN AN OPPORTUNITY TO FULFILL THEIR POTENTIAL IN A DYNAMIC ENVIRONMENT THAT ENCOURAGES AND REWARDS HIGH SCHOLASTIC ACHIEVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ELEMENTARY AND MIDDLE SCHOOL STUDENTS A SAFE AND NURTURING ENVIRONMENT.
PROVIDE ELEMENTARY AND MIDDLE SCHOOL STUDENTS A SAFE AND NURTURING ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | OfficerTrustee | 0.5 | $0 |
Vincent Foderingham Board Member | Trustee | 0.5 | $0 |
Jc Sims Board Member | Trustee | 0.5 | $0 |
Klayton Sparks Board Member | Trustee | 0.5 | $0 |
Edward Viltz Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,876,366 |
| 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 | $1,876,366 |
| Total Program Service Revenue | $9,006,923 |
| Investment income | $4,735 |
| 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 | $11,349,762 |
| 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 | $6,901,460 |
| Pension plan accruals and contributions | $80,395 |
| Other employee benefits | $203,082 |
| Payroll taxes | $342,444 |
| Fees for services: Management | $36,194 |
| Fees for services: Legal | $94,284 |
| Fees for services: Accounting | $11,795 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,965 |
| Office expenses | $273,871 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $975,429 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $724,099 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $233,942 |
| Insurance | $135,316 |
| All other expenses | $142,144 |
| Total functional expenses | $11,511,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,768,617 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,396 |
| 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 | $10,527 |
| Net Land, buildings, and equipment | $10,981,010 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,830,550 |
| Accounts payable and accrued expenses | $560,189 |
| 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 | $17,650,000 |
| Other liabilities | $0 |
| Total liabilities | $18,210,189 |
| 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 | -$779,861 |
| Retained earnings, endowment, accumulated income, or other funds | $2,400,222 |
| Total liabilities and net assets/fund balances | $19,830,550 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Team Success A School Of Excellence Inc has recieved totaling $38,500.
| Awarding Organization | Amount |
|---|---|
Andre Agassi Foundation For Education Las Vegas, NV PURPOSE: DONATION TO PROVIDE EDUCATION ASSISTANCE FOR AT-NEED STUDENTS IN FLORIDA. | $30,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $8,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kings Academy Inc West Palm Beach, FL | $71,507,499 | $41,105,705 |
Bridgeprep Academy Inc Miami, FL | $11,150,990 | $35,186,838 |
Westminster Christian School Miami, FL | $63,040,762 | $31,809,440 |
Scheck Hillel Community School Inc North Miami, FL | $32,581,738 | $29,091,360 |
Cushman School Inc Miami, FL | $60,717,443 | $28,827,418 |
Mt Paran Christian School Inc Kennesaw, GA | $56,928,804 | $29,889,603 |
The Hebrew Day School Of Broward County Inc Davie, FL | $31,151,205 | $23,429,832 |
Trinity School Inc Atlanta, GA | $133,203,671 | $25,058,941 |
Carrollwood Day School Education Inc Tampa, FL | $44,857,641 | $20,567,249 |
Kipp Jacksonville Inc Jacksonville, FL | $9,839,108 | $19,518,543 |
Randolph School Huntsville, AL | $69,168,210 | $21,425,432 |
Renaissance Arts And Education Inc Palmetto, FL | $29,910,781 | $21,492,050 |