Micanopy Academy INC FY2021 filing

Tax-deductible

Micanopy, FL501(c)(3)Since 2001EducationEIN 59-3760561Revenue $646K in FY2021

On file with the IRS708 Nw Okehumkee St, 32667-4144 · Micanopy, FLTax-exempt since May 2002School — 170(b)(1)(A)(ii)

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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.
61¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
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 $10K a year · 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
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
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
$788K
97% of total assets
Concern: liabilities are 97% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$646K
+13% vs prior year
Spent
$591K
To programs
61%
Net assets
$25K
By yearFY2020–FY2025
Revenue
$646K
FY2021▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$571K
FY2021$646K
FY2022$693K
FY2023$814K
FY2024$1.0M
FY2025$777K
Expenses
$591K
FY2021▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$579K
FY2021$591K
FY2022$681K
FY2023$895K
FY2024$1.0M
FY2025$861K
Net assets
$25K
FY2021▲ +26%
Tap a bar for its year
Net assets by fiscal year
FY2020$20K
FY2021$25K
FY2022$40K
FY2023−$112K
FY2024−$176K
FY2025−$302K

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

990 PDF Claim
You’re viewing the FY2021 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 May 2002.

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

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $360K Management & general 39% · $229K Fundraising 0% · $2K

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
President
$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.

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Provided by the organization

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1 program · $360K · in their own filed words · FY2020
01

The school served an average of 90 students in grades 6-12. The main focus is to provide a rigorous, rich, and intergrated curriculum in a small school setting.

$360Kprogram 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 · FY2020
Total grants receivedfrom 1 funder$64

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$646K
Ln 12
Fees for servicesLn 2g$564K
Gifts and grantsLn 1h$79K
Other incomeLn 4–11$3K
Money outPt IX
$591K
Ln 25
Programscol B$360K
Managementcol C$229K
Fundraisingcol D$2K
Owns and owesPt X
$25K
net assets · Ln 32
Cash and savingsLn 1–2$100K
Total assetsLn 16$813K
LiabilitiesLn 26$788K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$79K
Government grantsLn 1e$75K
Fundraising eventsLn 1c$2K
Fees for servicesLn 2g$564K
Investment incomeLn 3$3
Other incomeLn 4–11$3K
Total revenueLn 12$646K
Assets in detailPt X, end of year
CashLn 1$100K
Cash and savings togetherLn 1–2$100K
Land, buildings, equipmentLn 10c$523K
Total assetsLn 16$813K
LiabilitiesLn 26$788K
Net assetsLn 32$25K
OperationsPt I, VI
EmployeesI 521
VolunteersI 627
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 FY21End FY21
Cash and savingsLn 1–2$47K$100K
Land, buildings, equipmentLn 10c$551K$523K
Total assetsLn 16$774K$813K
LiabilitiesLn 26$754K$788K
Net assetsLn 32$20K$25K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$363K$278K$85K$0
Pension plan contributionsLn 8$33K$25K$8K$0
Other employee benefitsLn 9$8K$4K$4K$0
Payroll taxesLn 10$28K$21K$6K$0
Accounting feesLn 11c$15K$0$15K$0
Other fees for servicesLn 11g$6K$6K$0$0
Advertising and promotionLn 12$1K$0$1K$0
OccupancyLn 16$56K$0$56K$0
TravelLn 17$19$0$19$0
Conferences, conventions and meetingsLn 19$2K$2K$0$0
InterestLn 20$22K$0$22K$0
InsuranceLn 23$8K$0$8K$0
Other expenses (24a–d)Ln 24$41K$21K$18K$2K
All other expensesLn 24e$9K$3K$6K$0
Total functional expensesLn 25$591K$360K$229K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $777K$861K−$84K−$302K 990 PDF
FY2024 $1.0M$1.0M$44K−$176K 990 PDF
FY2023 $814K$895K−$81K−$112K 990 PDF
FY2022 $693K$681K$11K$40K 990 PDF
FY2021 Viewing $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 FY2021 990 (6 parts)
Part I · Summary $646,215 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $13,967$78,762
I-9 Program service revenuePrior year $554,404$564,206
I-10 Investment incomePrior year $20$3
I-11 Other revenuePrior year $2,580$3,244
I-12 Total revenuePrior year $570,971$646,215
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $392,924$431,028
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $185,933$159,774
I-18 Total expensesPrior year $578,857$590,802
I-19 Revenue less expensesPrior year −$7,886$55,413
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $646,215 across 8 lines filed
VIII-1c Fundraising events$2,116
VIII-1e Government grants$75,102
VIII-1f All other contributions, gifts and grants$1,544
VIII-1h Total contributions, gifts and grants$78,762
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$564,206
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 $3,244 · Unrelated business $0 · Excluded from tax $0$3,244
VIII-12 Total revenueRelated to mission $567,453 · Unrelated business $0 · Excluded from tax $0$646,215
Part IX · Statement of functional expenses $590,802 across 14 lines filed
IX-7 Other salaries and wagesPrograms $278,176 · Management $84,717 · Fundraising $0$362,893
IX-8 Pension plan contributionsPrograms $24,708 · Management $8,024 · Fundraising $0$32,732
IX-9 Other employee benefitsPrograms $3,676 · Management $3,965 · Fundraising $0$7,641
IX-10 Payroll taxesPrograms $21,281 · Management $6,481 · Fundraising $0$27,762
IX-11c Accounting feesPrograms $0 · Management $14,991 · Fundraising $0$14,991
IX-11g Other fees for servicesPrograms $5,780 · Management $0 · Fundraising $0$5,780
IX-12 Advertising and promotionPrograms $0 · Management $1,062 · Fundraising $0$1,062
IX-16 OccupancyPrograms $0 · Management $55,957 · Fundraising $0$55,957
IX-17 TravelPrograms $0 · Management $19 · Fundraising $0$19
IX-19 Conferences, conventions and meetingsPrograms $2,036 · Management $0 · Fundraising $0$2,036
IX-20 InterestPrograms $0 · Management $21,573 · Fundraising $0$21,573
IX-23 InsurancePrograms $0 · Management $7,904 · Fundraising $0$7,904
IX-24 Other expenses (24a–d)Programs $20,909 · Management $18,292 · Fundraising $1,788$40,989
IX-24e All other expensesPrograms $3,214 · Management $6,249 · Fundraising $0$9,463
IX-25 Total functional expensesPrograms $359,780 · Management $229,234 · Fundraising $1,788$590,802
Part X · Balance sheet $813,005 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $47,241$100,485
X-9 Prepaid expenses and deferred chargesStart of year $552$5,462
X-10c Land, buildings and equipment, netStart of year $551,338$522,958
X-14 Intangible assetsStart of year $174,860$184,100
X-16 Total assetsStart of year $773,991$813,005
X-17 Accounts payable and accrued expensesStart of year $6,509$9,249
X-19 Deferred revenueStart of year $68,490$42,602
X-24 Unsecured notes and loans payableStart of year $286,818$356,455
X-26 Total liabilitiesStart of year $754,329$788,324
X-27 Net assets without donor restrictionsStart of year $40,732$91,235
X-28 Net assets with donor restrictionsStart of year −$21,070−$66,554
X-32 Total net assets or fund balancesStart of year $19,662$24,681
X-33 Total liabilities and net assetsStart of year $773,991$813,005
Part XI · Reconciliation of net assets $24,681 net assets at year end
XI-1 Total revenue$646,215
XI-2 Total expenses$590,802
XI-3 Revenue less expenses$55,413
XI-4 Net assets at start of year$19,662
XI-9 Other changes in net assets−$50,394
XI-10 Net assets at end of year$24,681

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

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