ADVANTAGE ACADEMY OF MIAMI INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: ADVANTAGE ACADEMY OF MIAMI INC (EIN 20-3878749)
Tax period: 2011-07-01 to 2012-06-30
Filed: 2012-11-01
IRS object ID: 201203069349300205
Schema version: 2011v1.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule E
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-11-01T07:08:20-07:00	Timestamp
Tax Period End Date	2012-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ROBERT WALKER CPA PA	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	709 W AZEELE ST	AddressLine1
City	TAMPA	City
State	FL	State
ZIP Code	33606	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	203878749	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	ADVANTAGE ACADEMY OF MIAMI INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	ADVA	NameControl
Phone	3052532123	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	11575 SW 243RD ST	AddressLine1
City	MIAMI	City
State	FL	State
ZIP Code	33032	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	NATHANIEL GRASCH	Name
Title	CHAIRMAN	Title
Phone	3052532123	Phone
Date Signed	2012-11-01	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	ROBERT WALKER CPA	Name
Phone	8136248643	Phone
Date Prepared	2012-11-01	DatePrepared
Self Employed	X	SelfEmployed

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	NATHANIEL GRASCH	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	11575 SW 243RD ST	AddressLine1
City	MIAMI	City
State	FL	State
ZIP Code	33032	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	6658201	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	2005	YearFormation
State Legal Domicile	FL	StateLegalDomicile
Activity Or Mission Description	TO OPERATE FOUR CHARTER SCHOOLS IN MIAMI-DADE COUNTY, FLORIDA.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	4	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	4	NbrIndependentVotingMembers
Total Nbr Employees	76	TotalNbrEmployees
Total Nbr Volunteers	15	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	301908	ContributionsGrantsPriorYear
Contributions Grants Current Year	530983	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	3856334	ProgramServiceRevenuePriorYear
Program Service Revenue CY	5967360	ProgramServiceRevenueCY
Investment Income Current Year	0	InvestmentIncomeCurrentYear
Other Revenue Prior Year	124889	OtherRevenuePriorYear
Other Revenue Current Year	159858	OtherRevenueCurrentYear
Total Revenue Prior Year	4283131	TotalRevenuePriorYear
Total Revenue Current Year	6658201	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	4103397	OtherExpensePriorYear
Other Expenses Current Year	6638180	OtherExpensesCurrentYear
Total Expenses Prior Year	4103397	TotalExpensesPriorYear
Total Expenses Current Year	6638180	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	179734	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	20021	RevenuesLessExpensesCY
Total Assets BOY	901291	TotalAssetsBOY
Total Assets EOY	1093965	TotalAssetsEOY
Total Liabilities BOY	305887	TotalLiabilitiesBOY
Total Liabilities EOY	478540	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	595404	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	615425	NetAssetsOrFundBalancesEOY
Mission Description	TO OPERATE FOUR CHARTER SCHOOLS IN	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	5489281	Expense
Revenue	5972040	Revenue
Description	THE CHARTER SCHOOLS PROVIDE EDUCATIONAL SERVICES TO STUDENTS IN GRADES K-5.	Description
Total Program Service Expense	5489281	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	true	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	76	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Excess Business Holdings	false	ExcessBusinessHoldings
Taxable Distributions	false	TaxableDistributions
Distribution To Donor	false	DistributionToDonor
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	4	NbrVotingGoverningBodyMembers
Number Independent Voting Members	4	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	SCHOOL FINANCIAL SERVICES INC	NamePerson
Telephone Number	8505474566	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	116 PENNSYLVANIA AVE	AddressLine1
City	BONIFAY	City
State	FL	State
ZIP Code	32425	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (5 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Key EmployeeKeyEmployee	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer
MINELLI DUCLERC MARTINEZ
PRINCIPAL	40.00	X
NATHANIEL GRASCH
CHAIRMAN	0.50		X	X
BASSEMA ISKANDARANI
DIRECTOR	0.50		X
HELENA DEL MONTE
DIRECTOR	0.50		X
SHIRLYNN WEBB
DIRECTOR	0.50		X

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	CHARTER SCHOOL ASSOCIATES INC	BusinessNameLine1

Address Of Contractor AddressOfContractor

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	12524 W ATLANTIC BLVD	AddressLine1
City	CORAL SPRINGS	City
State	FL	State
ZIP Code	33071	ZIPCode

Field	Value	IRS element (for citing)
Description Of Services	MANAGEMENT	DescriptionOfServices
Compensation	318991	Compensation

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	1	NumberOfContractorsGT100K
Government Grants	530983	GovernmentGrants
Total Contributions	530983	TotalContributions

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn
FTE-PER STUDENT FUNDING	900099	5913976
STUDENT LUNCHES	900099	53384

Field	Value	IRS element (for citing)
Total Program Service Revenue	5967360	TotalProgramServiceRevenue

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	OTHER MISC. REVENUE	Description
Business Code	900099	BusinessCode
Total Revenue Column	159858	TotalRevenueColumn
Related Or Exempt Function Income	159858	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	159858	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	6658201	TotalRevenueColumn
Related Or Exempt Function Income	6127218	RelatedOrExemptFunctionIncome

Interest Interest

Field	Value	IRS element (for citing)
Total	2106	Total
Program Services	2106	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	37788	Total
Program Services	37788	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
INSTRUCTION	3120484	3120484
PUPIL PERSONNEL SERVICES	1295	1295
INSTRUCTIONAL MEDIA	28999	28999
INSTRUCTIONAL RELATED TECHNOLOGY	22060	22060

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	3425448	Total
Program Services	2276549	ProgramServices
Management And General	1148899	ManagementAndGeneral
Fundraising	0	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	6638180	Total
Program Services	5489281	ProgramServices
Management And General	1148899	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	490383	BOY
EOY	748193	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	199724	BOY
EOY	63892	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	68632	BOY
EOY	64334	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	325319	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	107773	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	142552	BOY
EOY	217546	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	901291	BOY
EOY	1093965	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	258481	BOY
EOY	390682	EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
BOY	47406	BOY
EOY	87858	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	305887	BOY
EOY	478540	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

Field	Value	IRS element (for citing)
BOY	142552	BOY
EOY	185046	EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	452852	BOY
EOY	430379	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	595404	BOY
EOY	615425	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	901291	BOY
EOY	1093965	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	20021	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School170b1 Aii	X	School170b1Aii
Public Support Total170	0	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Total	0	Total

Field	Value	IRS element (for citing)
Public Support Pertcentage170	0	PublicSupportPertcentage170
Public Support Total509	0	PublicSupportTotal509
Public Support Percentage509	0	PublicSupportPercentage509
Investment Income Percentage	0	InvestmentIncomePercentage

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	142308	InvestmentCostOrOtherBasis
Depreciation	30842	Depreciation
Book Value	111466	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	183011	InvestmentCostOrOtherBasis
Depreciation	76931	Depreciation
Book Value	106080	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	217546	TotalOfBookValueLandBuildings
Total Revenue	6658201	TotalRevenue
Total Expenses	6638180	TotalExpenses
Excess Or Deficit For Year	20021	ExcessOrDeficitForYear
Excess Or Deficit Per FS	20021	ExcessOrDeficitPerFS

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	true	NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc	true	PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media	true	PolicyPublViaBroadcastMedia
Maint Racial Composition Records	true	MaintRacialCompositionRecords
Maint Scholarships Records	true	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	true	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	true	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	false	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	false	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	false	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	false	DiscriminateRaceScholarships
Discriminate Race Educ Policies	false	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	false	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	false	DiscriminateRaceOtherActy
Government Financial Aid Received	true	GovernmentFinancialAidReceived
Government Financial Aid Revoked	false	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	true	ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)

IdentifierIdentifier	ExplanationExplanation
Line 3	THE ORGANIZATION PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH BROCHURES, NEWSLETERS, LOCAL NEIGHBORHOOD EVENTS, NEWSPAPERS, OPEN HOUSES AND VIDEOS.
Line 6b	RECEIVES GRANTS THROUGH THE FLORIDA DEPT OF EDUCATION

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 entries)

IdentifierIdentifier	ExplanationExplanation
Pt VI, Line 11a	THE 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND A
	DRAFT IS PROVIDED TO THE FINANCE COMMITTEE FOR REVIEW.
	THE FINAL 990 IS PROVIDED TO THE BOARD FOR APPROVAL.
Pt VI, Line 12c	AT EACH BOARD MEETING, THE AGENDA IS NOTATED TO REMIND
	BOARD MEMBERS TO RECLUSE FROM VOTING ON ANY ITEM THAT
	MAY BE A CONFLICT OF INTEREST.
Pt VI, Line 15	THE PRINCIPAL IS PAID IN ACCORDANCE WITH THE SCHOOL
	DISTRICT'S PAY SCALE.
Form 990, Part IX, Line 24f	BOARD 516071. 0. 516071. 0. SCHOOL ADMINISTRATION 628944. 0. 628944. 0. FACILITIES ACQ. & CONSTRUCTION 1217752. 1217752. 0. 0. FISCAL SERVICES 7769. 3885. 3884. 0. FOOD SERVICES 331527. 331527. 0. 0. PUPIL TRANSPORTATION 175500. 175500. 0. 0. OPERATION OF PLANT 385386. 385386. 0. 0. MAINTENANCE OF PLANT 13782. 13782. 0. 0. COMMUNITY SERVICES 148717. 148717. 0. 0.