Glades Academy Inc
- Assets
- $908.0k
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 27
- Location
- Pahokee, FL
- Founding
- 06/2001
- Data as of
- 06/2021
- EIN
- 65-1032601
Organization Overview
Glades Academy Inc is located in Pahokee, FL. The organization was established in 2001. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Glades Academy Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glades 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 06/2021, Glades Academy Inc generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $2.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY GOAL AND PLAN IS TO PROVIDE A RIGOROUS, SYSTEMATIC, INTENSE INSTRUCTIONAL PROGRAM FOR READING, WRITING AND MATH ALIGNED WITH FLORIDA SUNSHINE STATE STANDARDS AND GRADE LEVEL EXPECTATIONS FOR ALL STUDENTS WITHIN THE SUBGROUPS FOR WHICH WE ARE SERVED A MORE INTENSE PROGRAM IS PROVIDED FOR THOSE WHO HAVE BEEN IDENTIFIED AS AT RISK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTING K-8 CHARTER SCHOOL STUDENTS FOLLOWING THE MISSION OF THE SCHOOL TO PROVIDE AN INTENSE PROGRAM FOR OVER 250 AT RISK AND ACADEMICALLY CHALLENGED CHILDREN.PROVIDED A SAFE NURTURING SCHOOL SETTING THAT PROMOTED EMOTIONAL AND SOCIAL GROWTH FOR ALL STUDENTS WHILE DEVELOPING THE SELF CONFIDENCE AND ACADEMIC ADVANCEMENTS NEEDED TO BECOME ACTIVE, PRODUCTIVE CITIZENS.PROVIDED ALL STUDENTS WITH EXTRACURRICULAR AND CURRICULUM BASED FIELD TRIPS TO VARIOUS EDUCATIONAL LOCATIONS IN FLORIDA TO INCLUDE MUSEUMS, PLAYS, AND RELATED ACTIVITIES. ALSO TOOK ALL STUDENTS TO VARIOUS RECREATIONAL AND SOCIAL ATTRACTIONS TO EXPAND THEIR HORIZONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vinnisha Jones Principal | Officer | 40 | $127,260 |
Emilia Fanjul President | OfficerTrustee | 10 | $0 |
Thomas Sutterfiels Treasurer/secretary | OfficerTrustee | 3 | $0 |
Catherine Ncdermott Director | Trustee | 1 | $0 |
Lillian Azquetta Director | Trustee | 1 | $0 |
Guillermo Rivera Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $93,858 |
| All other contributions, gifts, grants, and similar amounts not included above | $150,877 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $244,735 |
| Total Program Service Revenue | $2,253,658 |
| Investment income | $2 |
| 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 | $2,498,415 |
| 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. | $127,260 |
| Compensation of current officers, directors, key employees. | $127,260 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,269,737 |
| Pension plan accruals and contributions | $7,304 |
| Other employee benefits | $305,006 |
| Payroll taxes | $38,126 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,377 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $77,113 |
| Advertising and promotion | $12,059 |
| Office expenses | $8,123 |
| Information technology | $58,932 |
| Royalties | $0 |
| Occupancy | $36,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,990 |
| Insurance | $37,980 |
| All other expenses | $145,705 |
| Total functional expenses | $2,615,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $494,930 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,785 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,207 |
| Prepaid expenses and deferred charges | $28,033 |
| Net Land, buildings, and equipment | $173,600 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $192,405 |
| Total assets | $907,960 |
| Accounts payable and accrued expenses | $154,741 |
| 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 | $201,174 |
| Total liabilities | $355,915 |
| Net assets without donor restrictions | $552,045 |
| 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 | $907,960 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Glades Academy Inc has recieved totaling $247,072.
| Awarding Organization | Amount |
|---|---|
Glades Academy Foundation Inc West Palm Beach, FL PURPOSE: Betterment of student experience | $229,572 |
Donald A Burns Foundation Inc Palm Beach, FL PURPOSE: GENERAL SUPPORT | $10,000 |
Kathleen Duross Ford Fund Inc West Palm Beach, FL PURPOSE: UNDERWRITING "A NIGHT OF EXPECTATIONS" ANNUAL FUNDRAISING DINNER DANCE. | $6,000 |
Stephen F & Camilla T Brauer Char Trust Chesterfield, MO PURPOSE: GENERAL PURPOSES | $1,500 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Jewish Community Of Broward County Inc Davie, FL | $191,632,658 | $32,289,120 |
Jewish Federation Of South Palm Beach County Inc Boca Raton, FL | $220,329,393 | $31,215,392 |
United Way Of Lee County Inc Fort Myers, FL | $10,857,756 | $16,905,483 |
United Way Of Palm Beach County Inc West Palm Beach, FL | $24,619,192 | $14,282,959 |
United Way Of Brevard County Inc Rockledge, FL | $8,481,850 | $14,549,542 |
Ocean Reef Foundation Inc Key Largo, FL | $43,415,311 | $11,490,995 |
United Way Of Central Florida Inc Highland City, FL | $26,696,940 | $9,902,693 |
United Way Of The Coastal Empire Inc Savannah, GA | $26,438,024 | $9,161,083 |
United Way Of The Central Savannah River Area Inc Augusta, GA | $2,548,465 | $8,329,042 |
United Way Of The Chattahoochee Valley Inc Columbus, GA | $12,467,806 | $8,956,958 |
Town Of Palm Beach United Way Inc Palm Beach, FL | $16,686,552 | $8,087,830 |
The Jewish Federation Of Sarasota-Manatee Inc Sarasota, FL | $47,399,713 | $7,687,191 |