Edventure Charter School Inc
- Assets
- $1.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 22
- Location
- Hypoluxo, FL
- Founding
- 06/1998
- Data as of
- 06/2022
- EIN
- 65-0802918
Organization Overview
Edventure Charter School Inc is located in Hypoluxo, FL. The organization was established in 1998. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 06/2022, Edventure Charter School Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edventure Charter School 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, Edventure Charter School Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 2.1% 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 MISSION OF EDVENTURE CHARTER SCHOOL IS TO CREATE AND OPERATE AN INNOVATIVE EDUCATIONAL PROGRAM THAT CULTIVATES A NURTURING ENVIRONMENT. EDVENTURE IS A SCHOOL-TO-WORK INITIATIVE WHICH PREPARES YOUNG ADULTS WITH THE NECESSARY ACADEMIC, VOCATIONAL, AND SOCIAL SKILLS TO BECOME RESPONSIBLE AND PRODUCTIVE CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHMENT 1 FOR A DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Carnicom Secretary-Tr | OfficerTrustee | 5 | $0 |
Dawn D'amato Chair | OfficerTrustee | 5 | $0 |
Russell Feldman Vice-Chair | OfficerTrustee | 5 | $0 |
Howard Smolin Director | Trustee | 5 | $0 |
Jennifer Costello Director | Trustee | 5 | $0 |
Mitch Adler Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,815,412 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,255 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,866,667 |
| Total Program Service Revenue | $0 |
| Investment income | $216 |
| 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 | $1,867,173 |
| 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. | $150,769 |
| Compensation of current officers, directors, key employees. | $150,769 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $816,586 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $122,916 |
| Payroll taxes | $80,881 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,060 |
| Fees for services: Accounting | $22,677 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,858 |
| Advertising and promotion | $4,896 |
| Office expenses | $21,084 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $248,429 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,341 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,864 |
| Insurance | $26,993 |
| All other expenses | $50,565 |
| Total functional expenses | $1,835,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,448 |
| Savings and temporary cash investments | $720,943 |
| Pledges and grants receivable | $83,806 |
| Accounts receivable, net | $1,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,275 |
| Prepaid expenses and deferred charges | $33,207 |
| Net Land, buildings, and equipment | $104,552 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,375 |
| Total assets | $1,190,106 |
| Accounts payable and accrued expenses | $6,834 |
| 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 | $30,658 |
| Total liabilities | $37,492 |
| Net assets without donor restrictions | $1,152,614 |
| 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 | $1,190,106 |