Slam Florida Inc
- Assets
- $54.8m
- Revenue
- $25.2m
- Investments
- $0.0
- Employees
- 407
- Location
- Miami, FL
- Founding
- 04/2017
- Data as of
- 06/2022
- EIN
- 81-3860640
Organization Overview
Slam Florida Inc is located in Miami, FL. The organization was established in 2017. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Slam Florida Inc employed 407 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Slam Florida Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF SLAM IS TO PROVIDE AN INNOVATIVE AND IN-DEPTH SECONDARY EDUCATIONAL PROGRAM THAT PRODUCES COLLEGE-BOUND STUDENTS THROUGH EMPHASIS ON SPORTS-RELATED MAJORS AND POSTSECONDARY PREPARATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, SLAM FLORIDA COLLECTIVELY SERVED 2234 STUDENTS THROUGHOUT THE STATE. SLAM OSCEOLA COMPLETED ITS FOURTH YEAR OF OPERATIONS SERVING 138 STUDENTS IN GRADES 6-12. SLAM BOCA COMPLETED ITS FOURTH YEAR OF OPERATIONS SERVING 819 STUDENTS ACROSS GRADES 6-12. SLAM TAMPA (7815)COMPLETED ITS FIFTH YEAR OF OPERATION SERVING 351 STUDENTS IN GRADES 6-12. SLAM APOLLO COMPLETED ITS THIRD YEAR OF OPERATIONS WITH 910 STUDENTS ENROLLED. SLAM TAMPA ELEMENTARY COMPLETED ITS FIRST YEAR OF OPERATIONS SERVING 19 STUDENTS IN GRADES FROM KINDERGARTEN THROUGH FIFTH GRADE. SLAM FLORIDA SCHOOLS BENEFIT FROM PARTNERSHIPS WITH SLAM RADIO ON SIRIUS/XM, THE FIRST AND ONLY STUDENT-MANAGED SATELLITE RADIO STATION IN THE NATION. THROUGH SLAM RADIO, STUDENTS EXPLORE CAREERS IN JOURNALISM AND BROADCAST AND LEARN INDUSTRY "ON THE JOB" SKILLS. SLAM ALSO PROVIDES STUDENTS WITH UNIQUE ACCESS TO CAREER MENTORS AND INTERNSHIP PS THROUGH EDUCATIONAL PARTNERSHIPS WITH LOCAL AND NATIONAL EDUCATIONAL PARTNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monique Machado Principal | 40 | $176,668 | |
Rene Ruiz Chairman, Director | OfficerTrustee | 2 | $0 |
Alina Lopez Director, Secretary | OfficerTrustee | 2 | $0 |
Joseph A Mesa Vice President, Director | OfficerTrustee | 2 | $0 |
Alex Tamargo Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
It Savvy Llc It Provider | 6/29/22 | $837,727 |
Meteor Education Llc Educational Services Provider | 6/29/22 | $286,448 |
Florida School Book Depository Books Provider | 6/29/22 | $248,570 |
Academica Broward Llc Educational Support Services | 6/29/22 | $749,700 |
Adp Total Source Employee Leasing | 6/29/22 | $9,260,334 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,352,730 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,731,537 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,084,267 |
| Total Program Service Revenue | $1,008,015 |
| Investment income | $3,623 |
| 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 | $25,153,035 |
| 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 | $9,247,940 |
| Pension plan accruals and contributions | $125,813 |
| Other employee benefits | $1,720,090 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,007,775 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $82,973 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $384,733 |
| Advertising and promotion | $43,424 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,847,506 |
| Travel | $19,583 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $51,670 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,118,242 |
| Insurance | $289,832 |
| All other expenses | $3,001,607 |
| Total functional expenses | $25,221,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $566,612 |
| Savings and temporary cash investments | $3,400,700 |
| Pledges and grants receivable | $680,907 |
| 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 | $421,027 |
| Net Land, buildings, and equipment | $2,626,583 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,109,222 |
| Total assets | $54,805,051 |
| Accounts payable and accrued expenses | $1,676,918 |
| Grants payable | $0 |
| Deferred revenue | $245,610 |
| 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 | $1,141,673 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $51,155,700 |
| Total liabilities | $54,219,901 |
| Net assets without donor restrictions | $585,150 |
| 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 | $54,805,051 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Slam Florida Inc has recieved totaling $1,684,000.
| Awarding Organization | Amount |
|---|---|
Slam Foundation Inc Miami, FL PURPOSE: TO PROVIDE FINANCIAL SUPPORT TO EDUCATION | $1,684,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pinecrest Academy Inc Miami, FL | $196,713,238 | $104,129,218 |
Southwest Charter Foundation Inc Fort Lauderdale, FL | $116,504,611 | $61,802,178 |
Advantage Academy Of Hillsborough Inc Coral Springs, FL | $185,732,767 | $61,697,931 |
Doral Academy Inc Miami, FL | $78,216,564 | $49,667,670 |
Lake Wales Charter Schools Lake Wales, FL | $35,506,108 | $45,984,784 |
Drew Charter School Inc Atlanta, GA | $34,692,137 | $41,952,542 |
River City Education Services Jacksonville, FL | $97,321,758 | $40,759,077 |
Georgia Connections Academy Charter School Inc Duluth, GA | $22,514,475 | $38,349,918 |
Mater Academy Central Inc Kissimmee, FL | $56,599,415 | $27,041,064 |
Kindezi School Inc Atlanta, GA | $19,750,427 | $21,363,051 |
Discovery Education Services Inc Orlando, FL | $22,168,948 | $29,305,548 |
Floridians For Quality Virtual Education Inc Tampa, FL | $7,270,958 | $27,629,122 |