Potentia Academy INC FY2021 filing

Greenacres, FL · Public charity (501(c)(3)) · Since 2009 · Education

✓ Tax-deductible
Revenue
$577K
+4% vs prior year
Spent
$501K
To programs
91%
Net assets
$793K
By yearFY2020–FY2024
Revenue
$577K
FY2021▲ +4%
Revenue by fiscal year
FY2020$554K
FY2021$577K
FY2022$639K
FY2023$650K
FY2024$684K
FY2024$717K
Expenses
$501K
FY2021▲ +13%
Expenses by fiscal year
FY2020$443K
FY2021$501K
FY2022$563K
FY2023$822K
FY2024$738K
FY2024$788K
Net assets
$793K
FY2021▲ +15%
Net assets by fiscal year
FY2020$692K
FY2021$793K
FY2022$854K
FY2023$683K
FY2024$659K
FY2024$587K

From the FY2021 Form 990 (year ending June 2021) · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CPotentia Academy INC
EINHdr · item D27-0191621
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 2010
Year of formationHdr · item L2009
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CGreenacres, FL
NTEE classificationIRS BMFEducation (B20)
WebsiteHdr · item Jwww.potentiaacademy.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.09
Program services91%$457K
Management & general9%$44K
Total functional expensesLn 25$501K

Financial health

Is it on solid ground?

Program efficiency
91%
of spending reaches programs
Operating runway
7.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+13%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$806K
FY2021▲ +10%
Total assets by fiscal year
FY2020$730K
FY2021$806K
FY2022$869K
FY2023$756K
FY2024$1.0M
FY2024$893K
Total liabilities
$13K
FY2021▼ -65%
Total liabilities by fiscal year
FY2020$38K
FY2021$13K
FY2022$15K
FY2023$73K
FY2024$360K
FY2024$306K
Revenue less expensesPt I · Ln 19$76K
Total assetsPt X · Ln 16$806K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1$318K
Total assetsLn 16$806K
Total liabilitiesLn 26$13K
Total net assetsLn 32$793K
Months of cash on handcomputed7.6

Statement of Revenue

Part VIII
Program service revenue$517K · 90%
Contributions & grants$60K · 10%
Program service revenue90%$517K
Contributions & grants10%$60K
Investment income$241
— government grantsLn 1e$4K
Total revenueLn 12$577K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $318K · Operating expenses (Pt IX) $501K · Less non-cash grants $4K · Cash operating expenses/yr $497K
7.7 months
Where the money goes
Program services
Program services $457K · Total expenses $501K
91%
Management & General
Management & general $44K · Total expenses $501K
9%
Fundraising
Fundraising $0 · Total expenses $501K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $2K · Solicited contributions (2-yr avg) $68K
$0.03 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $60K · Total revenue $577K
10%
Government reliance
Government grants $4K · Total revenue $577K
0.7%
Earned-income share
Program service revenue $517K · Total revenue $577K
90%
Investment reliance
Investment income $241 · Total revenue $577K
+0.04%
Program self-sufficiency
Program service revenue $517K · Total expenses $501K
103%
Growth & trend
Revenue growth (YoY)
This year $577K · Prior year $554K
+4%
Net-asset trend (YoY)
End of year $793K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $577K · Expenses $501K
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $806K
—
Net-asset ratio
Net assets $793K · Total assets $806K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $806K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dr J Duane Meeks · Reported title DIRECTOR; CHAIRMAN AND PRESIDENT · Highest reported compensation $0 · Total expenses $501K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $329K · Total expenses $501K
66%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 91%——
Overhead ratio 9%——
Fundraising cost ratio 0%——
Revenue growth 4%——
Accounting fee ratio 3%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 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.

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Governance & Policies

Part VI
  • 8Voting board membersPt VI · Ln 1a
  • 8Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

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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Mission & Programs · Part III

Where the work happens

1 program service account for $457K of program spending, described in the organization's own filed words · FY2020.
01

Provide special education instructions to 41 students with specific learning disabilities

$457Kprogram 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 →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $684K$738K+5% 990 PDF
FY2023 $650K$822K+2% 990 PDF
FY2022 $639K$563K+11% 990 PDF
FY2021 Viewing $577K$501K+4% 990 PDF
FY2020 $554K$443K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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