Totals
- Total revenue
- $6,375,278
- Total expenses
- $6,250,846
- Contributions and grants received
- $5,905,664
- Grants paid
- $0
- Program service revenue
- $337,215
- Investment income
- $132,399
- Other revenue
- $0
- Total assets, end of year
- $20,029,881
- Total liabilities, end of year
- $20,721,737
- Net assets or fund balances, end of year
- -$691,856
- Program services expenses (Part IX)
- $4,648,054
- Management and general expenses
- $1,602,792
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,648,054
Program services were 74.4% 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)
$5,867,674
-
1f · All other contributions, gifts and grants
$37,990
-
2a · Program service revenue: TUITION AND FEES
total $337,215 · related or exempt $337,215
-
3 · Investment income
total $132,399 · excluded $132,399
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,496,990 · program services $1,116,511 · management and general $380,479
-
8 · Pension plan contributions
total $1,125 · program services $1,125
-
9 · Other employee benefits
total $15,042 · program services $14,850 · management and general $192
-
10 · Payroll taxes
total $115,797 · program services $90,916 · management and general $24,881
-
11b · Fees: legal
total $49,538 · management and general $49,538
-
11c · Fees: accounting
total $14,757 · management and general $14,757
-
11g · Fees: other
total $1,103,890 · program services $300,527 · management and general $803,363
-
12 · Advertising and promotion
total $2,700 · management and general $2,700
-
13 · Office expenses
total $66,407 · management and general $66,407
-
14 · Information technology
total $18,218 · program services $18,218
-
16 · Occupancy
total $307,874 · program services $307,874
-
17 · Travel
total $10,940 · program services $6,623 · management and general $4,317
-
20 · Interest
total $1,785,206 · program services $1,785,206
-
22 · Depreciation, depletion and amortization
total $543,883 · program services $435,106 · management and general $108,777
-
23 · Insurance
total $19,010 · management and general $19,010
-
24a · Other expenses: STUDENT ACTIVITIES
total $484,964 · program services $484,964
-
24b · Other expenses: FEE PAID TO DISTRICT
total $111,126 · management and general $111,126
-
24c · Other expenses: STUDENT SUPPLIES & TEXT
total $81,258 · program services $81,258
-
24d · Other expenses: BANK FEES
total $15,995 · management and general $15,995
-
24e · All other expenses
total $6,126 · program services $4,876 · management and general $1,250
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $936,153 · end of year $2,652,483
-
2 · Savings and temporary cash investments
beginning of year $3,063,387 · end of year $345,342
-
3 · Pledges and grants receivable
beginning of year $28,634 · end of year $38,219
-
10a · Land, buildings and equipment: cost or other basis
$17,532,535
-
10b · Land, buildings and equipment: accumulated depreciation
$543,883
-
10c · Land, buildings and equipment, net
beginning of year $1,841,226 · end of year $16,988,652
-
15 · Other assets
beginning of year $12,573,498 · end of year $5,185
-
17 · Accounts payable and accrued expenses
beginning of year $1,680,530 · end of year $140,406
-
20 · Tax-exempt bond liabilities
beginning of year $17,800,000 · end of year $20,755,000
-
23 · Secured mortgages and notes payable
beginning of year $515,000 · end of year $515,000
-
25 · Other liabilities
beginning of year -$736,344 · end of year -$688,669
-
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 -$816,288 · end of year -$691,856
Mission and programs · 2024
Mission
ATLANTIC COLLEGIATE ACADEMY WILL SERVE HIGH SCHOOL STUDENTS IN A SAFE, SMALL SETTING WHO SEEK THE OPPORTUNITY AND CHALLENGE OF A RIGOROUS CURRICULUM, HIGH ACADEMIC STANDARDS, OUTSTANDING ATHLETICS WHILE EARNING UP TO TWO YEARS OF COLLEGE CREDIT WHILE IN HIGH SCHOOL.
-
ATLANTIC COLLEGIATE ACADEMY WILL SERVE HIGH SCHOOL STUDENTS IN A SAFE, SMALL SETTING WHO SEEK THE OPPORTUNITY AND CHALLENGE OF A RIGOROUS CURRICULUM, HIGH ACADEMIC STANDARDS, OUTSTANDING ATHLETICS WHILE EARNING UP TO TWO YEARS OF COLLEGE CREDIT WHILE IN HIGH SCHOOL.
Expenses $4,648,054 · Revenue $337,215
As filed on the 2024 return.
Listed in Part VII
-
Matt HarrisMATT HARRIS
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Charlie SotoCHARLIE SOTO
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Bryan LenertzBRYAN LENERTZ
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Jennifer ScalzatiJENNIFER SCALZATI
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Cynthia JohnsonCYNTHIA JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Patricia MarlowPATRICIA MARLOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Raymond ReiserRAYMOND REISER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Megan SteljesMEGAN STELJES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Chales TarbertDR CHALES TARBERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
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
- 30 April 2026
- IRS schema version
- 2024v5.5
- Source object
- 202611209349301846
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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