Alee Academy INC FY2021 filing

Tax-deductible

Eustis, FL501(c)(3)Since 1999EducationEIN 59-3579794Revenue $1.5M in FY2021

On file with the IRSaleeacademy.org1705 E County Road 44, 32736-2500 · Eustis, FLTax-exempt since Nov 1999School — 170(b)(1)(A)(ii)

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The mission of Alee Academy charter school is to empower at-risk high school students by providing a nurturing, inclusive, and innovative learning environment that honors each students unique journey. We are committed to breaking down barriers to education through personalized instruction, holistic support, and real-world learning experiences. Our goal is to inspire resilience, instill purpose, and equip every student with the skills, confidence, and opportunities needed to graduate with pride and pursue a meaningful future.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
2 of 5
filings with a surplus
Average surplus $18K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$214K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
-3% vs prior year
Spent
$1.5M
To programs
73%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$1.5M
FY2021▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$1.5M
FY2022$1.6M
FY2023$1.5M
FY2024$2.1M
FY2024$2.0M
Expenses
$1.5M
FY2021▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$1.5M
FY2022$1.6M
FY2023$1.6M
FY2024$1.7M
FY2024$1.9M
Net assets
$1.2M
FY2021▼ -0.8%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.2M
FY2022$1.2M
FY2023$1.0M
FY2024$1.7M
FY2024$1.7M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1999.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $1.1M Management & general 27% · $417K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Cynthia Emerick’s $84K as School Director is at the 21st percentile of top reported officer pay among 3395 $1–10M 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

NameFY2024FY2023FY2022
Cynthia Emerick$83,506$82,500$80,000

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates at-risk and dropout youth to help them succeed.

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2020
01

Served 136 students last fiscal year. Graduation rate was 25%. All of the students at this charter school are considered at risk students who would have dropped out of school had they not attended this charter school program.

$1.1Mprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.5M
Investment incomeLn 3$45
Money outPt IX
$1.5M
Ln 25
Programscol B$1.1M
Managementcol C$417K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$135K
Total assetsLn 16$1.4M
LiabilitiesLn 26$214K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Fundraising eventsLn 1c$10K
Investment incomeLn 3$45
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$90K
SavingsLn 2$45K
Cash and savings togetherLn 1–2$135K
Land, buildings, equipmentLn 10c$1.2M
Total assetsLn 16$1.4M
LiabilitiesLn 26$214K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$114K$135K
Land, buildings, equipmentLn 10c$1.3M$1.2M
Total assetsLn 16$1.5M$1.4M
LiabilitiesLn 26$298K$214K
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$771K$443K$328K
Pension plan contributionsLn 8$5K$5K$850
Payroll taxesLn 10$70K$42K$27K
Legal feesLn 11b$12K$12K
Accounting feesLn 11c$14K$14K
OccupancyLn 16$41K$41K
InterestLn 20$14K$14K
Depreciation, depletion and amortizationLn 22$143K$143K
InsuranceLn 23$191K$191K
Other expenses (24a–d)Ln 24$133K$133K
All other expensesLn 24e$147K$112K$35K
Total functional expensesLn 25$1.5M$1.1M$417K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.1M$1.7M$325K$1.7M 990 PDF
FY2023 $1.5M$1.6M−$110K$1.0M 990 PDF
FY2022 $1.6M$1.6M$28K$1.2M 990 PDF
FY2021 Viewing $1.5M$1.5M−$30K$1.2M 990 PDF
FY2020 $1.6M$1.7M−$123K$1.2M 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 FY2021 990 (6 parts)
Part I · Summary $1,509,043 revenue, 12 lines filed
I-8 Contributions and grants$1,508,998
I-9 Program service revenue$0
I-10 Investment income$45
I-11 Other revenue$0
I-12 Total revenue$1,509,043
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$845,774
I-16a Professional fundraising fees$0
I-17 Other expenses$693,474
I-18 Total expenses$1,539,248
I-19 Revenue less expenses−$30,205
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,509,043 across 6 lines filed
VIII-1a Federated campaigns$1,498,243
VIII-1c Fundraising events$9,586
VIII-1f All other contributions, gifts and grants$1,169
VIII-1h Total contributions, gifts and grants$1,508,998
VIII-3 Investment incomeRelated to mission $45$45
VIII-12 Total revenueRelated to mission $45 · Unrelated business $0 · Excluded from tax $0$1,509,043
Part IX · Statement of functional expenses $1,539,248 across 11 lines filed
IX-7 Other salaries and wagesPrograms $442,826 · Management $327,836$770,662
IX-8 Pension plan contributionsPrograms $4,550 · Management $850$5,400
IX-10 Payroll taxesPrograms $42,387 · Management $27,325$69,712
IX-11b Legal feesManagement $12,000$12,000
IX-11c Accounting feesManagement $13,500$13,500
IX-16 OccupancyPrograms $40,522$40,522
IX-20 InterestPrograms $14,407$14,407
IX-22 Depreciation, depletion and amortizationPrograms $142,779$142,779
IX-23 InsurancePrograms $190,776$190,776
IX-24 Other expenses (24a–d)Programs $132,544$132,544
IX-24e All other expensesPrograms $111,829 · Management $35,117$146,946
IX-25 Total functional expensesPrograms $1,122,620 · Management $416,628 · Fundraising $0$1,539,248
Part X · Balance sheet $1,366,613 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $68,927$89,894
X-2 Savings and temporary cash investmentsStart of year $44,883$44,928
X-10c Land, buildings and equipment, netStart of year $1,324,464$1,210,538
X-14 Intangible assetsStart of year $21,253$21,253
X-16 Total assetsStart of year $1,459,527$1,366,613
X-17 Accounts payable and accrued expensesStart of year $1,773$2,060
X-25 Other liabilitiesStart of year $295,855$211,608
X-26 Total liabilitiesStart of year $297,628$213,668
X-32 Total net assets or fund balancesStart of year $1,161,899$1,152,945
X-33 Total liabilities and net assetsStart of year $1,459,527$1,366,613
Part XI · Reconciliation of net assets $1,152,945 net assets at year end
XI-1 Total revenue$1,509,043
XI-2 Total expenses$1,539,248
XI-3 Revenue less expenses−$30,205
XI-4 Net assets at start of year$1,161,899
XI-8 Prior period adjustments$21,251
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,152,945

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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