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Nonprofiteer
← MIA RAYS SQUADRON INC

Form 990 for tax year 2024

Filed by MIA RAYS SQUADRON INC.

Totals

Total revenue
$2,655,672
Total expenses
$1,316,681
Contributions and grants received
$2,146,402
Grants paid
$766,902
Program service revenue
$0
Investment income
$509,270
Other revenue
$0
Total assets, end of year
$37,129,390
Total liabilities, end of year
$1,315,314
Net assets or fund balances, end of year
$35,814,076
Program services expenses (Part IX)
$1,261,254
Management and general expenses
$55,427
Fundraising expenses
$0
Program service expenses (Part III)
$1,261,254

Program services were 95.8% 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

    $2,146,402

  • 3 · Investment income

    total $517,406 · excluded $517,406

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

    other assets $8,136

  • 7c · Gain or loss

    other assets -$8,136

  • 7d · Net gain or loss

    total -$8,136 · related or exempt -$8,136

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $766,902 · program services $766,902

  • 11c · Fees: accounting

    total $5,500 · management and general $5,500

  • 11f · Fees: investment management

    total $27,083 · management and general $27,083

  • 12 · Advertising and promotion

    total $6,344 · management and general $6,344

  • 13 · Office expenses

    total $15,095 · management and general $15,095

  • 22 · Depreciation, depletion and amortization

    total $494,352 · program services $494,352

  • 23 · Insurance

    total $1,405 · management and general $1,405

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $403,838 · end of year $372,850

  • 2 · Savings and temporary cash investments

    beginning of year $5,590,478 · end of year $7,831,411

  • 3 · Pledges and grants receivable

    beginning of year $11,448,695 · end of year $11,060,790

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,405 · end of year $2,765

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

    $17,635,416

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

    $1,033,842

  • 10c · Land, buildings and equipment, net

    beginning of year $17,085,776 · end of year $16,601,574

  • 15 · Other assets

    beginning of year $252,000 · end of year $1,260,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,107 · end of year $55,314

  • 19 · Deferred revenue

    beginning of year $252,000 · end of year $1,260,000

  • 27 · Net assets without donor restrictions

    beginning of year $34,475,085 · end of year $35,814,076

Mission and programs · 2024

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 $1,261,254 · Grants $766,902

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mark Melvin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    20

  • Jane B Watt

    VICE CHAIR S

    Total calculated
    $0
    Hours/week
    20

  • Heidi Lacks Pucci

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

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
2024
Filed
12 November 2025
IRS schema version
2024v5.0
Source object
202513189349315016

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