Workforce Advantage Academy Inc
- Assets
- $2.1m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 18
- Location
- Orlando, FL
- Founding
- 11/2003
- Data as of
- 06/2024
- EIN
- 80-0058758
Organization Overview
Workforce Advantage Academy Inc is located in Orlando, FL. The organization was established in 2003. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2024, Workforce Advantage Academy Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Workforce Advantage 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 06/2024, Workforce Advantage Academy Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $2.6m during the year ending 06/2024. While expenses have increased by 5.0% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO IDENTIFY STUDENTS (AT LEAST 16 YEARS OF AGE) DESIRING A LEARNING ENVIRONMENT WITH AN EMPHASIS ON JOB PLACEMENT, COLLEGE OR MILITARY SERVICE UPON COMPLETION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL COMPLETED THE GRADUATION OF ITS CURRENT YEAR, ORANGE COUNTY, HIGH SCHOOL STUDENT CLASS; STUDENTS ALSO COMPLETED THEIR JUNIOR YEAR DURING THE CURRENT FISCAL YEAR.
THE SCHOOL CONTINUES TO DEVELOP BUSINESS RELATIONSHIPS WITH LOCAL BUSINESSES FOR THE PURPOSE OF PLACING STUDENTS IN A WORK EXPERIENCE WHICH CORRESPONDS WITH THEIR ACADEMIC EMPHASIS TOWARDS SUCCESSFULLY COMPLETING HIGH SCHOOL.
THE SCHOOL RAISED CONTRIBUTIONS FROM PRIVATE DONATIONS DURING THE CURRENT FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth E Hartsaw Jr CEO | OfficerTrustee | 40 | $142,343 |
Elizabeth Hughes Director | Trustee | 1 | $0 |
Ed Thomas Jr Chairman | Trustee | 1 | $0 |
Stanley Dickinson Director | Trustee | 1 | $0 |
Yanitza Torres-Arce Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,288,748 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,248 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,290,996 |
| Total Program Service Revenue | $0 |
| Investment income | $19,854 |
| 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 | $3,310,850 |
| 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. | $621,395 |
| Compensation of current officers, directors, key employees. | $124,279 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $652,736 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $270,802 |
| Payroll taxes | $101,911 |
| Fees for services: Management | $25,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $49,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $148,247 |
| Advertising and promotion | $59,130 |
| Office expenses | $83,079 |
| Information technology | $28,011 |
| Royalties | $0 |
| Occupancy | $44,323 |
| Travel | $19,455 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,584 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $138,599 |
| Insurance | $22,697 |
| All other expenses | $116,738 |
| Total functional expenses | $2,645,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $457,709 |
| Savings and temporary cash investments | $984,297 |
| Pledges and grants receivable | $0 |
| 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 | $9,000 |
| Net Land, buildings, and equipment | $194,389 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $406,480 |
| Other assets | $14,836 |
| Total assets | $2,066,711 |
| Accounts payable and accrued expenses | $148,998 |
| 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 | $406,480 |
| Total liabilities | $555,478 |
| Net assets without donor restrictions | $1,453,103 |
| Net assets with donor restrictions | $58,130 |
| 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 | $2,066,711 |