Championship Academy Of Distinction K-8 3 Inc
- Assets
- $13.1m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 46
- Location
- Sunrise, FL
- Founding
- 09/2019
- Data as of
- 06/2021
- EIN
- 82-1300017
Organization Overview
Championship Academy Of Distinction K-8 3 Inc is located in Sunrise, FL. The organization was established in 2019. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Championship Academy Of Distinction K-8 3 Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Championship Academy Of Distinction K-8 3 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, Championship Academy Of Distinction K-8 3 Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $3.2m during the year ending 06/2021. While expenses have increased by 10.2% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE A PUBLIC CHARTER IN BROWARD COUNTY, FLORIDA
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Mary Boose Vice-Preside | OfficerTrustee | 1 | $0 |
Ethel Dickens President | OfficerTrustee | 2 | $0 |
Jill Dorsett Director | Trustee | 1 | $0 |
Kim Roy Secretary | OfficerTrustee | 1 | $0 |
Jon M Losieniecki Principal | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,923,261 |
| Investment income | $127 |
| 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 | $2,944,330 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $1,279,795 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,904 |
| Payroll taxes | $105,901 |
| Fees for services: Management | $121,808 |
| Fees for services: Legal | $13,568 |
| Fees for services: Accounting | $6,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $534,951 |
| Advertising and promotion | $0 |
| Office expenses | $7,701 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $46,350 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $433,504 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $220,914 |
| Insurance | $35,707 |
| All other expenses | $0 |
| Total functional expenses | $3,169,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $967,809 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,414,896 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,069,409 |
| Accounts payable and accrued expenses | $350,738 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $10,300,000 |
| Escrow or custodial account liability | -$1,871,084 |
| 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 | $3,993,570 |
| Total liabilities | $14,644,308 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$1,574,899 |