Potentia Academy INC FY2020 filing

Tax-deductible

Greenacres, FL501(c)(3)Since 2009EducationEIN 27-0191621

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To empower middle and high school students with unique learning challenges and abilities to reach their full learning potential and to acquire the living, social and job skills necessary to transition to independent living.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $7K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $52K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$38K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$554K
Spent
$443K
To programs
95%
Net assets
$692K
By yearFY2020–FY2024
Revenue
$554K
FY2020
Revenue by fiscal year
FY2020$554K
FY2021$577K
FY2022$639K
FY2023$650K
FY2024$684K
FY2024$717K
Expenses
$443K
FY2020
Expenses by fiscal year
FY2020$443K
FY2021$501K
FY2022$563K
FY2023$822K
FY2024$738K
FY2024$788K
Net assets
$692K
FY2020
Net assets by fiscal year
FY2020$692K
FY2021$793K
FY2022$854K
FY2023$683K
FY2024$659K
FY2024$587K

From the FY2020 Form 990 (year ending June 2020) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $421K Management & general 4% · $18K Fundraising 1% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Director; Chairman and President
$0Pt VII · Sec A
Director; Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director; VP
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer/Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Dr J Duane Meeks’s $120K as CEO is at the 90th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023
Dr J Duane Meeks——$130,000
Dr J Duane Meeks$119,923$125,855—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Potentia Academy INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Educates neurodivergent students in grades 5-12 with learning disabilities.

Provided by the organization

This section is blank until Potentia Academy INC claims this page.

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1 program service account for $421K of program spending, described in the organization's own filed words · FY2019.
01

Provide special education instructions to 34 students with specific learning disabilities

$421Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$52K
See all 3 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$554K
Ln 12
Fees for servicesLn 2g$471K
Gifts and grantsLn 1h$80K
Other incomeLn 4–11$2K
Money outPt IX
$443K
Ln 25
Programscol B$421K
Managementcol C$18K
Fundraisingcol D$4K
Owns and owesPt X
$692K
net assets · Ln 32
Cash and savingsLn 1–2$282K
Total assetsLn 16$730K
LiabilitiesLn 26$38K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$80K
Fundraising eventsLn 1c$3K
Fees for servicesLn 2g$471K
Other incomeLn 4–11$2K
Total revenueLn 12$554K
Assets in detailPt X, end of year
CashLn 1$282K
Cash and savings togetherLn 1–2$282K
Land, buildings, equipmentLn 10c$391K
Other assetsLn 15$140
Total assetsLn 16$730K
LiabilitiesLn 26$38K
Net assetsLn 32$692K
OperationsPt I, VI
EmployeesI 57
VolunteersI 625
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$238K$282K
Land, buildings, equipmentLn 10c$403K$391K
Total assetsLn 16$682K$730K
LiabilitiesLn 26$50K$38K
Net assetsLn 32$632K$692K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$14K$14K
Pay of current officers, directors and key staffLn 5$64K$57K$6K$0
Other salaries and wagesLn 7$174K$172K$2K$0
Other employee benefitsLn 9$27K$24K$3K$0
Payroll taxesLn 10$20K$20K$0$0
Management feesLn 11a$0$0$0$0
Accounting feesLn 11c$18K$18K$0$0
Advertising and promotionLn 12$3K$3K$0$0
Office expensesLn 13$3K$3K$0$0
OccupancyLn 16$10K$10K$0$0
Conferences, conventions and meetingsLn 19$5K$5K$0$0
Depreciation, depletion and amortizationLn 22$13K$13K$0$0
InsuranceLn 23$3K$3K$0$0
Other expenses (24a–d)Ln 24$90K$78K$7K$4K
Total functional expensesLn 25$443K$421K$18K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $684K$738K−$54K$659K 990 PDF
FY2023 $650K$822K−$172K$683K 990 PDF
FY2022 $639K$563K$76K$854K 990 PDF
FY2021 $577K$501K$76K$793K 990 PDF
FY2020 Viewing $554K$443K$111K$692K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $553,944 across 6 lines filed
VIII-1c Fundraising events$2,932
VIII-1f All other contributions, gifts and grants$77,367
VIII-1h Total contributions, gifts and grants$80,299
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$471,413
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $2,232$2,232
VIII-12 Total revenueRelated to mission $471,413 · Unrelated business $0 · Excluded from tax $2,232$553,944
Part IX · Statement of functional expenses $443,315 across 14 lines filed
IX-4 Benefits paid to or for membersPrograms $13,714$13,714
IX-5 Pay of current officers, directors and key staffPrograms $57,478 · Management $6,386 · Fundraising $0$63,864
IX-7 Other salaries and wagesPrograms $172,412 · Management $1,916 · Fundraising $0$174,328
IX-9 Other employee benefitsPrograms $24,273 · Management $2,697 · Fundraising $0$26,970
IX-10 Payroll taxesPrograms $19,841 · Management $0 · Fundraising $0$19,841
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $18,120 · Management $0 · Fundraising $0$18,120
IX-12 Advertising and promotionPrograms $3,105 · Management $0 · Fundraising $0$3,105
IX-13 Office expensesPrograms $3,166 · Management $0 · Fundraising $0$3,166
IX-16 OccupancyPrograms $9,802 · Management $0 · Fundraising $0$9,802
IX-19 Conferences, conventions and meetingsPrograms $5,003 · Management $0 · Fundraising $0$5,003
IX-22 Depreciation, depletion and amortizationPrograms $12,685 · Management $0 · Fundraising $0$12,685
IX-23 InsurancePrograms $3,183 · Management $0 · Fundraising $0$3,183
IX-24 Other expenses (24a–d)Programs $77,868 · Management $7,456 · Fundraising $4,210$89,534
IX-25 Total functional expensesPrograms $420,650 · Management $18,455 · Fundraising $4,210$443,315
Part X · Balance sheet $730,055 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $238,266$281,900
X-4 Accounts receivableStart of year $36,983$54,201
X-9 Prepaid expenses and deferred chargesStart of year $3,175$3,175
X-10c Land, buildings and equipment, netStart of year $403,325$390,639
X-15 Other assetsStart of year $140$140
X-16 Total assetsStart of year $681,889$730,055
X-17 Accounts payable and accrued expensesStart of year −$86$12,297
X-25 Other liabilitiesStart of year $0$464
X-26 Total liabilitiesStart of year $49,914$37,761
X-32 Total net assets or fund balancesStart of year $631,975$692,294
X-33 Total liabilities and net assetsStart of year $681,889$730,055
Part XI · Reconciliation of net assets $692,294 net assets at year end
XI-1 Total revenue$553,944
XI-2 Total expenses$443,315
XI-3 Revenue less expenses$110,629
XI-4 Net assets at start of year$631,975
XI-10 Net assets at end of year$692,294

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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