Florida International Academy Inc
- Assets
- $192.7k
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 39
- Location
- Fort Lauderdale, FL
- Founding
- Data as of
- 06/2018
- EIN
- 65-0839367
Organization Overview
Florida International Academy Inc is located in Fort Lauderdale, FL. As of 06/2018, Florida International Academy Inc employed 39 individuals. Florida International 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 06/2018, Florida International Academy Inc generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2018. As we would expect to see with falling revenues, expenses have declined by (12.9%) per year over the past 2 years. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL SERVICES FOR MIAMI-DADE COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES ONE CHARTER SCHOOL PROVIDING EDUCATIONAL SERVICES TO THE MIAMI AREA FOR GRADES KINDERGARTEN THROUGH EIGHTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Anthony Hall Chairman | Trustee | 1 | $0 |
Donnie Alexander Vice Chairman | Trustee | 1 | $0 |
Richard Moreno Member | Trustee | 1 | $0 |
Sonia Mitchell Executive Director | Officer | 40 | $101,370 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charter Dc Opa Locka Llc Rent | 6/29/15 | $625,496 |
A1a Transportation Inc Bus Services | 6/29/15 | $346,528 |
Btr Inc Dba The Rader Group Financial Management | 6/29/15 | $136,000 |
Preferred Meal Systems Food Services | 6/29/15 | $245,931 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $830,962 |
| 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 | $830,962 |
| Total Program Service Revenue | $1,707,376 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,119 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,539,457 |
| 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. | $101,370 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,156,841 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $105,387 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,690 |
| Advertising and promotion | $160 |
| Office expenses | $8,001 |
| Information technology | $34,785 |
| Royalties | $0 |
| Occupancy | -$45,852 |
| Travel | $2,261 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,519 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,200 |
| Insurance | $111,055 |
| All other expenses | $74,566 |
| Total functional expenses | $2,254,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,608 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $19,032 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $116,048 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $192,688 |
| Accounts payable and accrued expenses | $56,878 |
| 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 | $458,490 |
| Other liabilities | $30,200 |
| Total liabilities | $545,568 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | -$352,880 |