Shelton Academy Education Foundation
- Assets
- $11.8m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 1
- Location
- Miami, FL
- Founding
- 11/2019
- Data as of
- 12/2022
- EIN
- 84-2282484
Organization Overview
Shelton Academy Education Foundation is located in Miami, FL. The organization was established in 2019. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shelton Academy Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO REACH AND SERVE THE COMMUNITY WITH A HIGH-QUALITY EDUCATION AND A WELL-ROUNDED SPIRITUAL FORMATION. ADDITIONALLY, THE FOUNDATION HELPS WITH THE PROMOTION, DEVELOPMENT, AND FINANCING OF THE ACTIVITIES AT SHELTON ACADEMY, THE FIRST INDEPENDENT CATHOLIC SCHOOL IN THE CITY OF DORAL, MIAMI-DADE COUNTY.
Describe the Organization's Program Activity:
PROMOTION, DEVELOPMENT, AND FINANCING OF ACTIVITIES AT SHELTON ACADEMY.
CONDUCTING EDUCATIONAL WORKSHOPS FOR SCHOOL TEACHERS.
SPONSORING EVENTS FOR CHILDREN AND PARENTS ENROLLED IN THE SCHOOL MUSIC PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sofia Lavalle President | OfficerTrustee | 10 | $15,625 |
Diego Zuloaga Director | Trustee | 10 | $0 |
Alessandra Lante Director | Trustee | 10 | $0 |
Ignacio Contreras Director | Trustee | 10 | $0 |
Jaime Garcia Del Barrio Director | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Camcon Group Llc Construction | 12/30/22 | $6,756,169 |
Trane Us Hvac | 12/30/22 | $417,564 |
World Electric Construction | 12/30/22 | $231,989 |
Civica Llc Architectural | 12/30/22 | $191,820 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,576,195 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,576,195 |
| Total Program Service Revenue | $0 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $635 |
| 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 | $2,490,343 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,912 |
| 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 | $15,625 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,195 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $59,855 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,165 |
| Office expenses | $1,057 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $403,344 |
| Travel | $14,147 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,822 |
| Interest | $61,808 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $351,187 |
| Insurance | $1,800 |
| All other expenses | $1,288 |
| Total functional expenses | $1,986,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $561,436 |
| Savings and temporary cash investments | $6,325 |
| 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 | $0 |
| Net Land, buildings, and equipment | $10,184,436 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,014,630 |
| Total assets | $11,766,827 |
| Accounts payable and accrued expenses | $531,320 |
| 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 | $6,799,449 |
| Total liabilities | $7,330,769 |
| 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 | $102,000 |
| Retained earnings, endowment, accumulated income, or other funds | $4,334,058 |
| Total liabilities and net assets/fund balances | $11,766,827 |
Grants Awarded
Over the last fiscal year, Shelton Academy Education Foundation has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OUR LADY OF GUADALUPE CATHOLIC CHURCH PURPOSE: Advance Organization's Charitable Purpose | $10,000 |
ARCHDIOCESE OF MIAMI PURPOSE: Advance Organization's Charitable Purpose | $5,000 |