Cause IQ organization profile

Miami Arts Charter School

Form 990s | Financials | Vendors | Peers

Miami Arts Charter School is a charter school based in Miami, FL that was founded in 2013. As of 2018 they had $12 million in revenue and $31 million in assets.

Miami Arts Charter School will provide a rigorous academic education that considers the fine arts a core educational priority.

Previous legal names or variations of their name include: Miami Arts.

EIN:

26-4790539

City:

Miami

State:

Florida

Website:

miamiartscharter.net

Phone:

(305) 763-6257

Facebook:

facebook.com/MiamiArtsWynwood

Twitter:

@macdancewynwood

Founded:

2013

Type:

501(c)(3)

NTEE:

B29: Charter schools

Revenue:

$12,508,927

Assets:

$31,763,448

Employees:

Fiscal year end:

June

Revenue trends:

Asset trends:

Form 990s for Miami Arts Charter School

Fiscal year ending	Date received by IRS	Form	PDF link
2018-06	Aug 20, 2019	990	View PDF
2017-06	May 9, 2018	990	View PDF
2016-06	Mar 9, 2017	990	View PDF
2015-06	Jun 9, 2016	990	View PDF
2013-06	Dec 16, 2013	990	View PDF
...and three more Form 990 PDFs

Financials for Miami Arts Charter School

Field	2013	2012	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$0	$0
Government grants (contributions)	$4,074,173	$3,841,641	6.1%
Normal grants, contributions, etc.	$11,869	$184,981	-93.6%
<em>Non-cash contributions included in above</em>	$0	$0
Total grants, contributions, etc.	$4,086,042	$4,026,622

Field	2018	2017	% Change
Total grants, contributions, etc.	$0	$0
Program services	$12,429,396	$11,432,858	8.7%
Investment income and dividends	$24,204	$3,872	525.1%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$55,327	$50,706	9.1%
Net gain from sale of non-inventory assets	$0	$0
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$0	$9,720	-100%
Total revenues	$12,508,927	$11,497,156	8.8%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$135,000	$135,000
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$5,690,763	$5,049,018	12.7%
Pension/retirement accruals and contributions	$0	$0
Other employee benefits	$217,005	$154,296	40.6%
Payroll taxes	$410,562	$402,082	2.1%
Management fees	$155,686	$0	999%
Legal fees	$22,908	$10,186	124.9%
Accounting fees	$16,000	$15,000	6.7%
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$0	$0
Other fee-for-service	$0	$353,691	-100%
Advertising and promotion	$48,344	$33,295	45.2%
Office expenses	$2,230	$20,511	-89.1%
Information tech. expenses	$133,809	$107,614	24.3%
Royalty expenses	$0	$0
Occupancy	$1,164,985	$970,011	20.1%
Travel	$12,510	$2,236	459.5%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$0	$0
Interest	$1,992,788	$2,235,601	-10.9%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$902,477	$789,237	14.3%
Insurance	$74,815	$92,219	-18.9%
All other expenses	$1,193,982	$706,765	68.9%
Total expenses	$12,173,864	$11,076,762	9.9%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$3,383,671	$3,550,448	-4.7%
Savings, short-term investments, etc.	$405,579	$0	999%
Pledges and grants receivable	$0	$0
Accounts receivable	$43,577	$43,629	-0.1%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$26,783	$27,854	-3.8%
Prepaid expenses and deferred charges	$124,500	$89,950	38.4%
Buildings, equipment, etc. post-depreciation	$27,738,164	$28,354,890	-2.2%
Investments, publicly traded securities	$0	$0
Investments, other securities	$0	$0
Investments, program-related	$0	$0
Intangible assets	$0	$0
Other assets	$41,174	$41,174
Total assets	$31,763,448	$32,107,945	-1.1%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$1,014,087	$965,627	5.0%
Grants payable	$0	$0
Deferred revenue	$0	$0
Tax-exempt bond liabilities	$86,039	$86,039
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$710,000	$820,000	-13.4%
Secured mortgages and notes payable to unrelated third parties	$31,715,743	$32,238,318	-1.6%
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$240,035	$335,480	-28.5%
Total liabilities	$33,765,904	$34,445,464	-2.0%

Field	2018	2017	% Change
Unrestricted net assets	$-2,002,456	$-2,337,519	14.3%
Temporarily restricted net assets	$0	$0
Permanently restricted net assets	$0	$0

Vendors for Miami Arts Charter School

Vendor	Services	Amount paid	Date
Google Inc	Software		2019-09-27

Peer charter schools

	Name	Type	Revenue	Location
1	Kipp DC Arts and Technology Academy	501(c)(3)	$11 million	Washington, DC
2	Renaissance Arts Academy	501(c)(3)	$6.5 million	Los Angeles, CA
3	Encore Education Corporation	501(c)(3)	$19 million	Hesperia, CA
4	Indian River Charter High School (IRCHS)	501(c)(3)	$5.7 million	Vero Beach, FL
5	Interdistrict School for Arts and Communication	501(c)(3)	$3.5 million	New London, CT
6	Oakland School for the Arts (OSA)	501(c)(3)	$10 million	Oakland, CA
7	Art and Science Academy	501(c)(3)	$4.1 million	Isanti, MN
8	Americas Finest Charter School (AFCS)	501(c)(3)	$5.1 million	San Diego, CA
9	Arizona School for the Arts (ASA)	501(c)(3)	$8.4 million	Phoenix, AZ
10	Beacon Charter School Corporation	501(c)(3)	$5.3 million	Woonsocket, RI
11	Paterson Arts and Science Charter School	501(c)(3)	$10 million	Elmwood Park, NJ
12	Finn Academy an Elmira Charter School	501(c)(3)	$4.1 million	Elmira, NY
13	Arts in College Preparatory Academy (ACPA)	501(c)(3)	$3.4 million	Columbus, OH
14	Paideia Academy	501(c)(3)	$4.1 million	Apple Valley, MN
15	Imagine Charter School at Firestone	501(c)(3)	$5.7 million	Firestone, CO
16	DaVinci Academy of Arts and Science	501(c)(3)	$8.3 million	Ham Lake, MN
17	Meadows Arts and Technology Elementary School (MATES)	501(c)(3)	$4.0 million	Thousand Oaks, CA
18	Arts Academy Charter School	501(c)(3)	$5.2 million	Allentown, PA
19	Lincoln Park Performing Arts Charter School (LPPACS)	501(c)(3)	$10 million	Midland, PA
20	Rosalyn Yalow Charter School	501(c)(3)	$7.4 million	Bronx, NY
21	Pine Lake Preparatory (PLP)	501(c)(3)	$17 million	Mooresville, NC
22	Booker T. Washington Public Charter School	501(c)(3)	$9.0 million	Washington, DC
23	Newark Legacy Charter School	501(c)(3)	$12 million	Newark, NJ
24	Mary McLeod Bethune Day Academy Public Charter School (MMBDAPCS)	501(c)(3)	$9.2 million	Washington, DC
25	Harlem Hebrew Language Academy Charter School	501(c)(3)	$8.5 million	New York, NY

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Cause IQ organization profile

Miami Arts Charter School

Form 990s for Miami Arts Charter School

Financials for Miami Arts Charter School

Vendors for Miami Arts Charter School

Peer charter schools

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