Form 990 for tax year 2024
Filed by SOUTH FLORIDA ACADEMY OF LEARNING INC.
Totals
- Total revenue
- $3,693,437
- Total expenses
- $2,100,908
- Contributions and grants received
- $1,963,018
- Grants paid
- $18,811
- Program service revenue
- $1,547,380
- Investment income
- $183,039
- Other revenue
- $0
- Total assets, end of year
- $10,455,669
- Total liabilities, end of year
- $2,935,156
- Net assets or fund balances, end of year
- $7,520,513
- Program services expenses (Part IX)
- $1,702,698
- Management and general expenses
- $395,710
- Fundraising expenses
- $2,500
- Program service expenses (Part III)
- $1,702,698
Program services were 81.0% 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.
-
1e · Government grants (contributions)
$1,104,454
-
1f · All other contributions, gifts and grants
$858,564
-
2a · Program service revenue: Tuition
total $1,547,380 · related or exempt $1,547,380
-
3 · Investment income
total $183,039 · related or exempt $183,039
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $18,811 · program services $18,811
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $937,829 · program services $937,829
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $53,899 · program services $53,899
-
10 · Payroll taxes
total $66,124 · program services $66,124
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $13,393 · management and general $13,393
-
11c · Fees: accounting
total $1,250 · management and general $1,250
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $34,994 · program services $21,601 · management and general $13,393
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $12,556 · management and general $12,556
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $302,505 · program services $280,329 · management and general $22,176
-
17 · Travel
total $28,121 · management and general $28,121
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $89,361 · management and general $89,361
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $160,348 · management and general $160,348
-
23 · Insurance
total $0
-
24a · Other expenses: Bank fees and credit card merchant fees
total $29,617 · management and general $29,617
-
24b · Other expenses: Direct cost of programs
total $324,105 · program services $324,105
-
24c · Other expenses: License and fees
total $7,924 · management and general $7,924
-
24d · Other expenses: Automobile expenses
total $17,571 · management and general $17,571
-
24e · All other expenses
total $2,500 · fundraising $2,500
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,558,794 · end of year $4,886,084
-
2 · Savings and temporary cash investments
beginning of year $50,789 · end of year $50,804
-
10a · Land, buildings and equipment: cost or other basis
$6,445,941
-
10b · Land, buildings and equipment: accumulated depreciation
$1,413,684
-
10c · Land, buildings and equipment, net
beginning of year $5,184,671 · end of year $5,032,257
-
14 · Intangible assets
beginning of year $34,822 · end of year $31,868
-
15 · Other assets
beginning of year $194,073 · end of year $454,656
-
17 · Accounts payable and accrued expenses
beginning of year $32,456 · end of year $32,857
-
23 · Secured mortgages and notes payable
beginning of year $2,400,938 · end of year $2,305,969
-
24 · Unsecured notes and loans payable
beginning of year $661,771 · end of year $596,330
-
27 · Net assets without donor restrictions
beginning of year $5,927,984 · end of year $7,520,513
Mission and programs · 2024
Mission
Operated a non-sectarian school in order to provide compulsoray educational insturction and its associated services. The school has about 100 students enrolled. Exceptional Student Education ESE calssroom services were expanded to accomodate K-8th grades offering individualized instruction.
Activities or mission (Part I)
Operated a non-sectarian school in order to provide compulsoray educational insturction and its associated services. The school has about 100 students enrolled.
-
Operated a non-sectarian school in order to provide compulsoray educational insturction and its associated services. The school has about 200 students enrolled. Exceptional Student Education ESE calssroom services were expanded to accomodate K-8th grades offering individualized instruction.
Expenses $1,702,698 · Revenue $1,520,999
As filed on the 2024 return.
Listed in Part VII
-
Baila Gansburg
Director
- Total calculated
- $42,000
- From this org
- $42,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Menachem Gansburg
Director
- Total calculated
- $20,000
- From this org
- $20,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 12
-
Adele Bernstein
Director
- Total calculated
- $0
- Hours/week
- 3
-
Devorah Kievman
Director
- Total calculated
- $0
- Hours/week
- 3
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
- 2024
- Filed
- 19 June 2025
- IRS schema version
- 2024v5.1
- Source object
- 202511749349300796
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