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← APPLIED SCHOLASTICS INTERNATIONAL

Form 990 for tax year 2023

Filed by APPLIED SCHOLASTICS INTERNATIONAL.

Totals

Total revenue
$483,200
Total expenses
$490,735
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$450,133
Investment income
$0
Other revenue
$33,067
Total assets, end of year
$129,919
Total liabilities, end of year
$10,882
Net assets or fund balances, end of year
$119,037
Program services expenses (Part IX)
$446,336
Management and general expenses
$41,344
Fundraising expenses
$3,055
Program service expenses (Part III)
$446,336

Program services were 91.0% 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.

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $450,133 · related or exempt $450,133

  • 10a · Gross sales of inventory

    $48,366

  • 10b · Cost of goods sold

    $15,299

  • 10c · Net income from sales of inventory

    total $33,067 · related or exempt $33,067

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $164,883 · program services $148,395 · management and general $16,488

  • 10 · Payroll taxes

    total $44,667 · program services $40,221 · management and general $4,446

  • 11c · Fees: accounting

    total $7,760 · management and general $7,760

  • 11g · Fees: other

    total $38,031 · program services $38,031

  • 12 · Advertising and promotion

    total $22,613 · program services $19,558 · fundraising $3,055

  • 13 · Office expenses

    total $53,760 · program services $49,027 · management and general $4,733

  • 14 · Information technology

    total $89,109 · program services $84,653 · management and general $4,456

  • 15 · Royalties

    total $716 · program services $716

  • 16 · Occupancy

    total $66,096 · program services $62,790 · management and general $3,306

  • 17 · Travel

    total $780 · program services $741 · management and general $39

  • 19 · Conferences, conventions and meetings

    total $1,035 · program services $983 · management and general $52

  • 23 · Insurance

    total $1,285 · program services $1,221 · management and general $64

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $130,778 · end of year $124,472

  • 7 · Other notes and loans receivable

    beginning of year $5,607 · end of year $5,447

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,070 · end of year $10,882

  • 27 · Net assets without donor restrictions

    beginning of year $126,315 · end of year $119,037

Mission and programs · 2023

Mission

OPERATION OF AN ONLINE HOMESCHOOLING ACADEMY FOR GRADES K THRU 12.

  • APPLIED SCHOLASTICS ONLINE ACADEMY HAS THE MISSION OF REACHING STUDENTS FROM KINDERGARTEN TO TWELFTH GRADE AROUND THE WORLD AND HELPING THEM OBTAIN A STELLAR EDUCATION THROUGH HOME STUDY. THE ORGANIZATION DELIVERED ASSISTANCE TO 352 STUDENTS; TESTING AND PLACEMENT WERE DELIVERED TO APPROXIMATELY 290 STUDENTS. 20 DIPLOMAS WERE ISSUED IN 2023.

    Expenses $446,336 · Revenue $450,133

As filed on the 2023 return.

Listed in Part VII

  • Carlynn McCormick

    CEO, DIRECTO

    Total calculated
    $40,627
    From this org
    $40,627
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • John McCormick

    CFO

    Total calculated
    $29,828
    From this org
    $29,828
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Pam Moniz

    DIRECTOR

    Total calculated
    $0

  • Debbie Watt

    DIRECTOR

    Total calculated
    $0

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
2023
Filed
8 November 2024
IRS schema version
2023v5.0
Source object
202423199349318002

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