Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $10,000

• 2a · Program service revenue: TUITION AND OTHER FEES

  total $470,758 · related or exempt $470,758

Functional expenses

Part IX, the statement of functional expenses.

• 11c · Fees: accounting

  total $13,925 · management and general $13,925

• 11g · Fees: other

  total $287,959 · program services $82,337 · management and general $205,622

• 12 · Advertising and promotion

  total $4,120 · management and general $4,120

• 13 · Office expenses

  total $12,599 · management and general $12,599

• 22 · Depreciation, depletion and amortization

  total $70,908 · program services $70,908

• 23 · Insurance

  total $15,318 · management and general $15,318

• 24a · Other expenses: NON-MEDICAL SUPPLIES

  total $62,005 · program services $13,966 · management and general $48,039

• 24b · Other expenses: LEASING

  total $47,487 · management and general $47,487

• 24c · Other expenses: BOOKS & SCHOOL SUPPLIES

  total $18,254 · program services $18,254

• 24d · Other expenses: UTILITIES

  total $7,771 · management and general $7,771

• 24e · All other expenses

  total $14,126 · program services $11,123 · management and general $3,003

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $62,711 · end of year $149,758

• 4 · Accounts receivable

  beginning of year $164,580 · end of year $207,830

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,350 · end of year $4,705

• 10a · Land, buildings and equipment: cost or other basis

  $303,994

• 10b · Land, buildings and equipment: accumulated depreciation

  $65,422

• 10c · Land, buildings and equipment, net

  beginning of year $350,678 · end of year $238,572

• 17 · Accounts payable and accrued expenses

  beginning of year $15,079 · end of year $19,134

• 19 · Deferred revenue

  beginning of year $149,216 · end of year $213,299

• 25 · Other liabilities

  beginning of year $406,924 · end of year $319,416

• 27 · Net assets without donor restrictions

  beginning of year $10,100 · end of year $49,016

The filer's explanations (Part III)

PART I, LINE 3

THE OFFICERS AND BOARD MEMBERS OF SUNCOAST CAREER ACADEMY ARE COMPENSATED BY A RELATED ORGANIZATION, SUNCOAST COMMUNITY HEALTH CENTERS, INC. (FEIN: 59-1741303). THE BOARD OF DIRECTORS OF SUNCOAST COMMUNITY HEALTH CENTERS, INC. IS RESPONSIBLE FOR REVIEWING AND APPROVING EMPLOYMENT CONTRACTS AND COMPENSATION LEVELS FOR THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER. EMPLOYEE PERFORMANCE HISTORY AND INDUSTRY STANDARDS FOR SIMILARLY QUALIFIED INDIVIDUALS IN COMPARABLE POSITIONS ARE USED TO SET COMPENSATION. THE HUMAN RESOURCES DEPARTMENT PROVIDES COMPARATIVE DATA TO THE BOARD OF DIRECTORS TO COMPLETE THE ANNUAL SUNCOAST COMMUNITY HEALTH CENTERS, INC. REVIEW OF THE CEO. THE DELIBERATION AND APPROVAL PROCESS IS DOCUMENTED IN THE BOARD MINUTES. THE CEO PREPARES ANNUAL EVALUATIONS OF HIS/HER DIRECT REPORTS.