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Nonprofiteer
← MIA RAYS SQUADRON INC

Form 990 for tax year 2023

Filed by MIA RAYS SQUADRON INC.

Totals

Total revenue
$25,967,821
Total expenses
$1,549,290
Contributions and grants received
$25,372,499
Grants paid
$972,619
Program service revenue
$0
Investment income
$595,322
Other revenue
$0
Total assets, end of year
$34,782,192
Total liabilities, end of year
$307,107
Net assets or fund balances, end of year
$34,475,085
Program services expenses (Part IX)
$1,512,690
Management and general expenses
$36,600
Fundraising expenses
$0
Program service expenses (Part III)
$1,512,690

Program services were 97.6% 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.

  • 1f · All other contributions, gifts and grants

    $25,372,499

  • 1g · Noncash contributions included above

    $17,662,645

  • 3 · Investment income

    total $587,796 · excluded $587,796

  • 7a · Gross sales of assets other than inventory

    other assets $7,526

  • 7c · Gain or loss

    other assets $7,526

  • 7d · Net gain or loss

    total $7,526 · related or exempt $7,526

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $972,619 · program services $972,619

  • 11f · Fees: investment management

    total $19,945 · management and general $19,945

  • 11g · Fees: other

    total $13,176 · management and general $13,176

  • 13 · Office expenses

    total $2,821 · management and general $2,821

  • 22 · Depreciation, depletion and amortization

    total $540,071 · program services $540,071

  • 23 · Insurance

    total $658 · management and general $658

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $658,643 · end of year $403,838

  • 2 · Savings and temporary cash investments

    beginning of year $2,566,474 · end of year $5,590,478

  • 3 · Pledges and grants receivable

    beginning of year $7,000,000 · end of year $11,448,695

  • 9 · Prepaid expenses and deferred charges

    beginning of year $658 · end of year $1,405

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

    $17,625,847

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

    $540,071

  • 10c · Land, buildings and equipment, net

    end of year $17,085,776

  • 15 · Other assets

    end of year $252,000

  • 17 · Accounts payable and accrued expenses

    end of year $55,107

  • 19 · Deferred revenue

    beginning of year $169,221 · end of year $252,000

  • 27 · Net assets without donor restrictions

    beginning of year $10,056,554 · end of year $34,475,085

Mission and programs · 2023

Mission

THE MISSION OF THE MIA RAYS SQUADRON IS TO PROVIDE A SECURE FINANCIAL SUPPORT FOR MARCO ISLAND ACADEMY, A PUBLIC CHARTER HIGH SCHOOL TO SUSTAIN IT FOR GENERATIONS TO COME. THE MIA RAYS SQUADRON WILL RAISE FUNDS TO MEET THE OPERATING AND CAPITAL NEEDS FOR TODAY AND THE FUTURE

  • SUPPORT OF CHARTER PUBLIC HIGH SCHOOL

  • TTHE MISSION OF THE MIA RAYS SQUADRON IS TO PROVIDE A SECURE FINANCIAL SUPPORT FOR MARCO ISLAND ACADEMY, A PUBLIC CHARTER HIGH SCHOOL TO SUSTAIN IT FOR GENERATIONS TO COME. THE MIA RAYS SQUADRON WILL RAISE FUNDS TO MEET THE OPERATING AND CAPITAL NEEDS FOR TODAY AND THE FUTURE

    Expenses $1,512,690 · Grants $972,619

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mark Melvin

    PRESIDENT

    Total calculated
    $0

  • Jane B Watt

    VICE CHAIR S

    Total calculated
    $0

  • Heidi Lacks Pucci

    VICE CHAIR

    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

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.0
Source object
202403189349309050

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