Micanopy Academy INC

Tax-deductible

Micanopy, FL501(c)(3)Since 2001EducationEIN 59-3760561

To provide middle and high school students with a community-oriented educational environment that stimulates and motivates them to learn. This environment is to be achieved by: providing a small student-staff ratio, using a performance based curriculum, and involving parents and other family members in all aspects of their childs education.

501(c)(3) charity; gifts are tax-deductible.
56¢ of each $1 spent went to programs.
Run by 27 volunteers and 21 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
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 $4K a year · under 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
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $64
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$936K
148% of total assets
Concern: liabilities are 148% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$777K
-26% vs prior year
Spent
$861K
To programs
56%
Net assets
−$302K
By yearFY2020–FY2024
Revenue
$777K
FY2024▼ -26%
Revenue by fiscal year
FY2020$571K
FY2021$646K
FY2022$693K
FY2023$814K
FY2024$1.0M
FY2024$777K
Expenses
$861K
FY2024▼ -14%
Expenses by fiscal year
FY2020$579K
FY2021$591K
FY2022$681K
FY2023$895K
FY2024$1.0M
FY2024$861K
Net assets
−$302K
FY2024▼ -72%
Net assets by fiscal year
FY2020$20K
FY2021$25K
FY2022$40K
FY2023−$112K
FY2024−$176K
FY2024−$302K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2002.

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

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $484K Management & general 44% · $375K Fundraising 0% · $2K

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Micanopy 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates middle and high school students in a community setting, fostering motivation and a love for learning.

Provided by the organization

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

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1 program service account for $484K of program spending, described in the organization's own filed words · FY2024.
01

The school served an average of 54 students in grades 6-12. The main focus is to provide a rigorous, rich, and intergrated curriculum in a small school setting.

$484Kprogram 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 · FY2020
Total grants receivedfrom 1 funder$64

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$777K
Ln 12
Fees for servicesLn 2g$576K
Gifts and grantsLn 1h$192K
Other incomeLn 4–11$9K
Money outPt IX
$861K
Ln 25
Programscol B$484K
Managementcol C$375K
Fundraisingcol D$2K
Owns and owesPt X
−$302K
net assets · Ln 32
Cash and savingsLn 1–2$1K
Total assetsLn 16$634K
LiabilitiesLn 26$936K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$192K
Government grantsLn 1e$185K
Fundraising eventsLn 1c$1K
Fees for servicesLn 2g$576K
Investment incomeLn 3$3
Other incomeLn 4–11$9K
Total revenueLn 12$777K
Assets in detailPt X, end of year
CashLn 1$1K
Cash and savings togetherLn 1–2$1K
Land, buildings, equipmentLn 10c$418K
Other assetsLn 15$1K
Total assetsLn 16$634K
LiabilitiesLn 26$936K
Net assetsLn 32−$302K
OperationsPt I, VI
EmployeesI 521
VolunteersI 627
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$78K$1K
Land, buildings, equipmentLn 10c$448K$418K
Total assetsLn 16$770K$634K
LiabilitiesLn 26$946K$936K
Net assetsLn 32−$176K−$302K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$479K$344K$135K$0
Pension plan contributionsLn 8$64K$46K$18K$0
Other employee benefitsLn 9$25K$23K$2K$0
Payroll taxesLn 10$37K$26K$10K$0
Accounting feesLn 11c$20K$0$20K$0
Advertising and promotionLn 12$9K$0$9K$0
OccupancyLn 16$57K$0$57K$0
TravelLn 17$650$367$283$0
Conferences, conventions and meetingsLn 19$565$565$0$0
InterestLn 20$27K$0$27K$0
InsuranceLn 23$22K$0$22K$0
Other expenses (24a–d)Ln 24$108K$36K$70K$2K
All other expensesLn 24e$12K$7K$5K$0
Total functional expensesLn 25$861K$484K$375K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.0M$1.0M$44K−$176K 990 PDF
FY2023 $814K$895K−$81K−$112K 990 PDF
FY2022 $693K$681K$11K$40K 990 PDF
FY2021 $646K$591K$55K$25K 990 PDF
FY2020 $571K$579K−$8K$20K 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 (4 parts)
Part VIII · Statement of revenue $777,450 across 8 lines filed
VIII-1c Fundraising events$1,199
VIII-1e Government grants$185,399
VIII-1f All other contributions, gifts and grants$5,329
VIII-1h Total contributions, gifts and grants$191,927
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$576,228
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$3
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,292 · Unrelated business $0 · Excluded from tax $0$9,292
VIII-12 Total revenueRelated to mission $585,523 · Unrelated business $0 · Excluded from tax $0$777,450
Part IX · Statement of functional expenses $861,346 across 13 lines filed
IX-7 Other salaries and wagesPrograms $344,006 · Management $135,124 · Fundraising $0$479,130
IX-8 Pension plan contributionsPrograms $46,442 · Management $17,818 · Fundraising $0$64,260
IX-9 Other employee benefitsPrograms $22,760 · Management $2,119 · Fundraising $0$24,879
IX-10 Payroll taxesPrograms $26,204 · Management $10,424 · Fundraising $0$36,628
IX-11c Accounting feesPrograms $0 · Management $19,634 · Fundraising $0$19,634
IX-12 Advertising and promotionPrograms $0 · Management $8,731 · Fundraising $0$8,731
IX-16 OccupancyPrograms $0 · Management $57,370 · Fundraising $0$57,370
IX-17 TravelPrograms $367 · Management $283 · Fundraising $0$650
IX-19 Conferences, conventions and meetingsPrograms $565 · Management $0 · Fundraising $0$565
IX-20 InterestPrograms $0 · Management $27,365 · Fundraising $0$27,365
IX-23 InsurancePrograms $0 · Management $21,508 · Fundraising $0$21,508
IX-24 Other expenses (24a–d)Programs $36,137 · Management $70,475 · Fundraising $1,883$108,495
IX-24e All other expensesPrograms $7,496 · Management $4,635 · Fundraising $0$12,131
IX-25 Total functional expensesPrograms $483,977 · Management $375,486 · Fundraising $1,883$861,346
Part X · Balance sheet $634,177 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $78,399$1,165
X-3 Pledges and grants receivableStart of year $5,132$12,966
X-4 Accounts receivable$2,148
X-9 Prepaid expenses and deferred chargesStart of year $186$5,494
X-10c Land, buildings and equipment, netStart of year $448,104$418,225
X-14 Intangible assetsStart of year $237,290$193,054
X-15 Other assetsStart of year $1,125$1,125
X-16 Total assetsStart of year $770,236$634,177
X-17 Accounts payable and accrued expensesStart of year $12,301$34,252
X-19 Deferred revenueStart of year $554,682$482,634
X-24 Unsecured notes and loans payableStart of year $25,375$80,506
X-26 Total liabilitiesStart of year $946,049$936,393
X-27 Net assets without donor restrictionsStart of year −$175,813−$302,216
X-32 Total net assets or fund balancesStart of year −$175,813−$302,216
X-33 Total liabilities and net assetsStart of year $770,236$634,177
Part XI · Reconciliation of net assets −$302,216 net assets at year end
XI-1 Total revenue$777,450
XI-2 Total expenses$861,346
XI-3 Revenue less expenses−$83,896
XI-4 Net assets at start of year−$175,813
XI-9 Other changes in net assets−$42,507
XI-10 Net assets at end of year−$302,216

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

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