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← MARCO ISLAND ACADEMY A PUBLIC CHARTER HIGH SCHOOL INC

Form 990 for tax year 2023

Filed by MARCO ISLAND ACADEMY A PUBLIC CHARTER HIGH SCHOOL INC.

Totals

Total revenue
$4,935,270
Total expenses
$23,792,644
Contributions and grants received
$1,252,095
Grants paid
$18,396,883
Program service revenue
$3,468,152
Investment income
$443
Other revenue
$214,580
Total assets, end of year
$2,003,584
Total liabilities, end of year
$2,830,081
Net assets or fund balances, end of year
-$826,497
Program services expenses (Part IX)
$22,114,475
Management and general expenses
$1,666,088
Fundraising expenses
$12,081
Program service expenses (Part III)
$22,114,475

Program services were 92.9% 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)

    $9,249

  • 1f · All other contributions, gifts and grants

    $1,242,846

  • 2a · Program service revenue: PER PUPIL FEES

    total $3,106,863 · related or exempt $3,106,863

  • 2b · Program service revenue: OTHER STATE FUNDING

    total $202,434 · related or exempt $202,434

  • 2c · Program service revenue: ATHLETIC FEES AND PROGRAMS

    total $158,855 · related or exempt $158,855

  • 3 · Investment income

    total $443 · excluded $443

  • 7a · Gross sales of assets other than inventory

    other assets $18,184,239

  • 7b · Less cost or other basis and sales expenses

    other assets $18,184,239

  • 11a · Other revenue: CAPITAL OUTLAY

    total $169,120 · related or exempt $169,120

  • 11b · Other revenue: MISC LOCAL SOURCES

    total $29,819 · related or exempt $29,819

  • 11c · Other revenue: STUDENT LUNCH

    total $8,880 · related or exempt $8,880

  • 11d · All other revenue

    total $6,761 · related or exempt $6,761

  • 11e · Other revenue, total

    $214,580

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $18,396,883 · program services $18,396,883

  • 5 · Compensation of officers, directors and key employees

    total $586,508 · management and general $586,508

  • 7 · Other salaries and wages

    total $1,935,981 · program services $1,539,317 · management and general $396,664

  • 8 · Pension plan contributions

    total $323,363 · program services $210,639 · management and general $112,724

  • 9 · Other employee benefits

    total $796,789 · program services $678,519 · management and general $118,270

  • 10 · Payroll taxes

    total $194,808 · program services $120,743 · management and general $74,065

  • 11a · Fees: management

    total $52,526 · program services $52,526

  • 11b · Fees: legal

    total $11,029 · management and general $11,029

  • 11c · Fees: accounting

    total $5,710 · management and general $5,710

  • 11e · Fees: professional fundraising services

    total $12,081 · fundraising $12,081

  • 11g · Fees: other

    total $247,007 · program services $140,391 · management and general $106,616

  • 13 · Office expenses

    total $27,783 · management and general $27,783

  • 17 · Travel

    total $1,689 · program services $400 · management and general $1,289

  • 20 · Interest

    total $17,199 · program services $17,199

  • 22 · Depreciation, depletion and amortization

    total $320,354 · program services $320,354

  • 23 · Insurance

    total $89,309 · program services $71,447 · management and general $17,862

  • 24a · Other expenses: REPAIR AND MAINTENANCE

    total $288,658 · program services $178,968 · management and general $109,690

  • 24b · Other expenses: UTILITIES

    total $199,344 · program services $123,593 · management and general $75,751

  • 24c · Other expenses: ATHLETIC

    total $159,032 · program services $159,032

  • 24d · Other expenses: TRANSPORTATION /STUDENTS

    total $54,308 · program services $54,308

  • 24e · All other expenses

    total $72,283 · program services $50,156 · management and general $22,127

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $851,310 · end of year $722,596

  • 3 · Pledges and grants receivable

    beginning of year $26,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $89,665 · end of year $120,238

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

    $531,776

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

    $426,658

  • 10c · Land, buildings and equipment, net

    beginning of year $18,348,348 · end of year $105,118

  • 14 · Intangible assets

    end of year $240,710

  • 15 · Other assets

    beginning of year $908,591 · end of year $814,922

  • 17 · Accounts payable and accrued expenses

    beginning of year $195,865 · end of year $370,156

  • 19 · Deferred revenue

    beginning of year $92,685 · end of year $127,796

  • 25 · Other liabilities

    beginning of year $1,904,487 · end of year $2,332,129

  • 27 · Net assets without donor restrictions

    beginning of year $18,030,877 · end of year -$826,497

Mission and programs · 2023

Mission

TO PROVIDE A STUDENT - CENTERED, WELL ROUNDED INTERDISCIPLINARY EDUCATION. STUDENT WILL ENGAGE IN CRITICAL THINKING WHILE FOCUSIN ON MATH, SCIENCE, TECHNOLOGY, ENVIROMENTAL AND GLOBAL STUDIES.

  • CHARTER PUBLIC HIGH SCHOOL

  • THE MISSION OF MARCO ISLAND ACADEMY A PUBLIC CHARTER HIGH SCHOOL, INC (ACADEMY) IS TO PROVIDE A STUDENT - CENTERED, WELL ROUNDED INTERDISCIPLINARY EDUCATION. STUDENT WILL ENGAGE IN CRITICAL THINKING WHILE FOCUSIN ON MATH, SCIENCE, TECHNOLOGY, ENVIROMENTAL AND GLOBAL STUDIES. THE ACADEMY WILL UPHOLD THE HIGHES STANDARDS OF ACADEMIC EXCELLENCE , INTEGRITY, RESPECT, AND SOCIAL RESPONSIBILITY, WHILE GUIDING STUDENTS TO ACHIEVE POST - SECONDARY SUCCESS

    Expenses $22,114,475 · Grants $18,396,883

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

Listed in Part VII

  • Melissa Scott

    PRINCIPAL

    Total calculated
    $159,401
    From this org
    $159,401
    From related orgs
    $0
    Other
    $0

    Schedule J breakdown matched by us

    Base
    $159,401
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $159,401

  • Ronda Balham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Rene Champagne

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Jennifer Macko

    PARENT COORD

    Total calculated
    $0
    Hours/week
    5

  • Jim Miller

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Dawn Vergo

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Glenda Vertelsmeyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Jane B Watt

    CHAIR PERSON

    Total calculated
    $0
    Hours/week
    20

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.0
Source object
202413189349311726

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