Potentia Academy INC FY2024 filing

Tax-deductible

Greenacres, FL501(c)(3)Since 2009EducationEIN 27-0191621Revenue $684K in FY2024

On file with the IRSpotentiaacademy.org4874 Melaleuca Lane, 33463-0000 · Greenacres, FLTax-exempt since Apr 2010School — 170(b)(1)(A)(ii)

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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.
91¢ of each $1 spent went to programs.
$126K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $6K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$126K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
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
$360K
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$684K
+5% vs prior year
Spent
$738K
To programs
91%
Net assets
$659K
By yearFY2020–FY2025
Revenue
$684K
FY2024▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$554K
FY2021$577K
FY2022$639K
FY2023$650K
FY2024$684K
FY2025$717K
Expenses
$738K
FY2024▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$443K
FY2021$501K
FY2022$563K
FY2023$822K
FY2024$738K
FY2025$788K
Net assets
$659K
FY2024▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$692K
FY2021$793K
FY2022$854K
FY2023$683K
FY2024$659K
FY2025$587K

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2010.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $674K Management & general 8% · $59K Fundraising 1% · $5K

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

9 people listed on the 990; $126K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
CEO/President (former)
$125,855Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair/Secretary
$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 · 1 named individual · Part VII

NameFY2025FY2024FY2023
Dr J Duane Meeks$119,923$125,855$130,000

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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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

Programs and updates

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

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Provided by the organization

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1 program · $674K · in their own filed words · FY2023
01

The School caters to neurodivergent students in grades 5-12, many of whom start the program 2-3 years behind their grade level. All students have faced bullying in the past. The School provides an environment where students can address academic gaps and graduate with a standard high school diploma that meets Florida state requirements.

$674Kprogram expense

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 FY2024 990, line by line.

1The main four
Money inPt VIII
$684K
Ln 12
Fees for servicesLn 2g$573K
Gifts and grantsLn 1h$116K
Investment incomeLn 3$322
Money outPt IX
$738K
Ln 25
Programscol B$674K
Managementcol C$59K
Fundraisingcol D$5K
Owns and owesPt X
$659K
net assets · Ln 32
Cash and savingsLn 1–2$173K
Total assetsLn 16$1.0M
LiabilitiesLn 26$360K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$116K
Government grantsLn 1e$26K
Fundraising eventsLn 1c$19K
Fees for servicesLn 2g$573K
Investment incomeLn 3$322
Total revenueLn 12$684K
Assets in detailPt X, end of year
CashLn 1$129K
SavingsLn 2$44K
Cash and savings togetherLn 1–2$173K
Land, buildings, equipmentLn 10c$501K
Other assetsLn 15$337K
Total assetsLn 16$1.0M
LiabilitiesLn 26$360K
Net assetsLn 32$659K
OperationsPt I, VI
EmployeesI 57
VolunteersI 625
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$207K$173K
Land, buildings, equipmentLn 10c$518K$501K
Total assetsLn 16$756K$1.0M
LiabilitiesLn 26$73K$360K
Net assetsLn 32$683K$659K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$8K$8K
Pay of current officers, directors and key staffLn 5$140K$112K$24K$4K
Other salaries and wagesLn 7$260K$260K
Other employee benefitsLn 9$45K$45K
Payroll taxesLn 10$30K$28K$2K$278
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$13K$11K$1K
Advertising and promotionLn 12$19K$17K$2K$192
Office expensesLn 13$23K$23K$396
Information technologyLn 14$4K$3K$333$485
OccupancyLn 16$63K$57K$6K
TravelLn 17$245$245
InterestLn 20$7K$7K
Depreciation, depletion and amortizationLn 22$74K$71K$3K
InsuranceLn 23$10K$8K$2K$210
Other expenses (24a–d)Ln 24$25K$19K$6K
All other expensesLn 24e$5K$5K$327
Total functional expensesLn 25$738K$674K$59K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $717K$788K−$72K$587K 990 PDF
FY2024 Viewing $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 $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 FY2024 990 (6 parts)
Part I · Summary $684,310 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $68,146$116,371
I-9 Program service revenuePrior year $559,392$572,795
I-10 Investment incomePrior year $0$322
I-11 Other revenuePrior year $22,221−$5,178
I-12 Total revenuePrior year $649,759$684,310
I-13 Grants and similar amounts paidPrior year $0$7,714
I-14 Benefits paid to membersPrior year $18,150$0
I-15 Salaries and benefitsPrior year $519,054$474,827
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $284,916$255,435
I-18 Total expensesPrior year $822,120$737,976
I-19 Revenue less expensesPrior year −$172,361−$53,666
Part VI · Governance 8 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $684,310 across 9 lines filed
VIII-1c Fundraising events$19,012
VIII-1e Government grants$25,986
VIII-1f All other contributions, gifts and grants$71,373
VIII-1h Total contributions, gifts and grants$116,371
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $572,795$572,795
VIII-3 Investment incomeExcluded from tax $322$322
VIII-8 Net income from fundraising eventsExcluded from tax −$9,188−$9,188
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $4,010$4,010
VIII-12 Total revenueRelated to mission $572,795 · Unrelated business $0 · Excluded from tax −$4,856$684,310
Part IX · Statement of functional expenses $737,976 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $7,714$7,714
IX-5 Pay of current officers, directors and key staffPrograms $111,687 · Management $23,734 · Fundraising $4,188$139,609
IX-7 Other salaries and wagesPrograms $259,732$259,732
IX-9 Other employee benefitsPrograms $45,322$45,322
IX-10 Payroll taxesPrograms $28,308 · Management $1,578 · Fundraising $278$30,164
IX-11c Accounting feesManagement $11,461$11,461
IX-11g Other fees for servicesPrograms $11,341 · Management $1,260$12,601
IX-12 Advertising and promotionPrograms $17,264 · Management $1,726 · Fundraising $192$19,182
IX-13 Office expensesPrograms $22,963 · Management $396$23,359
IX-14 Information technologyPrograms $2,996 · Management $333 · Fundraising $485$3,814
IX-16 OccupancyPrograms $56,833 · Management $6,315$63,148
IX-17 TravelManagement $245$245
IX-20 InterestPrograms $7,335$7,335
IX-22 Depreciation, depletion and amortizationPrograms $70,675 · Management $3,499$74,174
IX-23 InsurancePrograms $7,516 · Management $1,879 · Fundraising $210$9,605
IX-24 Other expenses (24a–d)Programs $18,798 · Management $6,221$25,019
IX-24e All other expensesPrograms $5,165 · Management $327$5,492
IX-25 Total functional expensesPrograms $673,649 · Management $58,974 · Fundraising $5,353$737,976
Part X · Balance sheet $1,018,932 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $207,369$128,959
X-2 Savings and temporary cash investments$44,247
X-4 Accounts receivableStart of year $27,396$7,494
X-10c Land, buildings and equipment, netStart of year $518,328$500,973
X-15 Other assetsStart of year $140$337,259
X-16 Total assetsStart of year $756,408$1,018,932
X-17 Accounts payable and accrued expensesStart of year $30,532$4,004
X-19 Deferred revenueStart of year $5,800$4,500
X-25 Other liabilitiesStart of year $36,796$351,506
X-26 Total liabilitiesStart of year $73,128$360,010
X-27 Net assets without donor restrictionsStart of year $683,280$635,122
X-28 Net assets with donor restrictions$23,800
X-32 Total net assets or fund balancesStart of year $683,280$658,922
X-33 Total liabilities and net assetsStart of year $756,408$1,018,932
Part XI · Reconciliation of net assets $658,922 net assets at year end
XI-1 Total revenue$684,310
XI-2 Total expenses$737,976
XI-3 Revenue less expenses−$53,666
XI-4 Net assets at start of year$683,280
XI-8 Prior period adjustments$29,308
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$658,922

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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