Form 990 for tax year 2022
Filed by INTEGRATED SCIENCE AND ASIAN CULTURE ACADEMY.
Totals
- Total revenue
- $3,478,638
- Total expenses
- $2,824,038
- Contributions and grants received
- $3,083,500
- Grants paid
- $0
- Program service revenue
- $336,768
- Investment income
- $43,682
- Other revenue
- $14,688
- Total assets, end of year
- $4,245,094
- Total liabilities, end of year
- $2,001,019
- Net assets or fund balances, end of year
- $2,244,075
- Program services expenses (Part IX)
- $2,402,180
- Management and general expenses
- $421,858
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,402,180
Program services were 85.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$3,083,500
-
2a · Program service revenue: FEES: COMMUNITY SERVIC
total $309,873 · related or exempt $309,873
-
2b · Program service revenue: FEES: FOOD SERVICES
total $26,895 · related or exempt $26,895
-
3 · Investment income
total $43,682 · related or exempt $43,682
-
11a · Other revenue: E-RATE
total $14,688 · related or exempt $14,688
-
11e · Other revenue, total
$14,688
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,355,145 · program services $1,089,762 · management and general $265,383
-
8 · Pension plan contributions
total $253,948 · program services $198,269 · management and general $55,679
-
11a · Fees: management
total -$866 · management and general -$866
-
11g · Fees: other
total $226,732 · program services $173,447 · management and general $53,285
-
16 · Occupancy
total $236,931 · program services $236,931
-
22 · Depreciation, depletion and amortization
total $31,074 · program services $30,783 · management and general $291
-
24a · Other expenses: AFTERCARE EXPENSES
total $148,385 · program services $148,385
-
24b · Other expenses: FUNDRAISING EXPENSE
total $141,381 · program services $141,381
-
24c · Other expenses: REPAIRS & MAINTENANCE
total $111,831 · program services $111,831
-
24d · Other expenses: FOOD SERVICES
total $74,389 · program services $74,389
-
24e · All other expenses
total $245,088 · program services $197,002 · management and general $48,086
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,433,484 · end of year $1,967,670
-
4 · Accounts receivable
beginning of year $285,678 · end of year $421,938
-
9 · Prepaid expenses and deferred charges
beginning of year $34,984 · end of year $12,555
-
10a · Land, buildings and equipment: cost or other basis
$345,303
-
10b · Land, buildings and equipment: accumulated depreciation
$234,184
-
10c · Land, buildings and equipment, net
beginning of year $87,094 · end of year $111,119
-
15 · Other assets
beginning of year $1,888,796 · end of year $1,731,812
-
17 · Accounts payable and accrued expenses
beginning of year $210,942 · end of year $128,174
-
19 · Deferred revenue
end of year $63,442
-
25 · Other liabilities
beginning of year $1,929,619 · end of year $1,809,403
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $1,589,475 · end of year $2,244,075
Mission and programs · 2022
Mission
INTEGRATED SCIENCE AND ASIAN CULTURE ACADEMY, INC. IS A NONPROFIT OPERATOR OF INTEGRATED SCIENCE AND ASIAN CULTURE ACADEMY (ISAAC), A K-8 TUITION FREE, PUBLIC CHARTER SCHOOL LOCATED IN MIAMI SPRINGS, FLORIDA. OUR MISSION AT ISAAC IS TO FOSTER STUDENT ACHIEVEMENT BY PROVIDING AN INNOVATIVE AND CHALLENGING ENVIRONMENT; TO DEVELOP HIGH ACADEMIC STANDARDS; AND TO INSTILL A SENSE OF COMPASSION AND UNDERSTANDING FOR OTHERS, FACILITATED BY A HIGHLY QUALIFIED STAFF. THROUGH THE INTEGRATION OF SCIENCE, MATH AND MANDARIN, STUDENTS RECEIVE A WORLD CLASS EDUCATION AND AN EXCELLENT PREPARATION FOR AN ADVANCED LEVEL CURRICULUM.
Activities or mission (Part I)
ESTABLISHED AS A CHARTER SCHOOL OF THE DISTRICT SCHOOL BOARD OF MIAMI-DADE COUNTY, FL.
-
THE SCHOOL PROVIDED EDUCATION FOR CHILDREN FROM KINDERGARTEN THROUGH FIFTH GRADE. FOR THE FISCAL YEAR ENDED JUNE 30, 2023, APPROXIMATELY 271 STUDENTS WERE ENROLLED.
Expenses $2,402,180 · Revenue $395,138
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dr Hui Fang Huang SuDR HUI FANG HUANG SU
DIRECTOR, CHAIR, PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Dr Judith SteinDR JUDITH STEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dr Jia BorrorDR JIA BORROR
DIRECTOR, SECRETARY
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 27 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420879349300147
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