Archimedean Academy Inc

Nonprofit profile at a glance

EIN
020607904
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Miami, FL, USA
Phone
3052796572
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Charter Schools

Official website

Reported finances

Revenue
$18,560,680
Expenses
$18,334,610
Assets
$23,381,669
Liabilities
$18,723,654

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • DR GEORGE KAFKOULIS (PRESIDENT)
  • ALECO HARALAMBIDES ESQ (VICE PRESIDENT)
  • DIMITRIOS BARDOUTSOS (CHIEF EXECUTIVE BUSINESS OFFICER)

Highest reported compensation

  • EFTHYMIOS THEODORAKIDIS (DIRECTOR OF ACC AND ATHLETICS): $137,690 total reported compensation
  • DEMETRIOS DEMOPOULOS (DIRECTOR AMC/AUC): $124,781 total reported compensation
  • JOSE MARTINEZ (DIRECTOR OF ELEMENTARY): $121,301 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the archimedean schools is to initiate the young mind into the art of thinking through the teaching of mathematics and the greek language.

What it reported doing in 2024

Archimedean academy, inc. (the "school") is a not-for-profit corporation organized pursuant to chapter 617, Florida statutes, the Florida not-for-profit corporation act, and section 228.056, Florida statutes. The school has three departments, which are charter schools as discussed below. These departments are not legally separate from the school or each other.archimedean academy (the "academy"), a department of the school is established as a charter school for children from kindergarten through fifth grade. As of june 30, 2025, approximately 700 students were enrolled in academy. Academy is funded primarily through the school board of miami-dade county, Florida (the "school board").archimedean middle conservatory (the "middle"), a department of the school is established as a charter school for children from the sixth through eighth grade. As of june 30, 2025, approximately 319 students were enrolled in middle. Middle is funded primarily through the school board.archimedean upper conservatory (the "upper"), a department of the school is established as a charter school for children from the ninth through twelfth grade. As of june 30, 2025, approximately 300 students were enrolled in upper. Upper is funded primarily through the school board.

Operating model

Revenue model
Earned-program. 92% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 42
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89%; rating input score 89
  • Program expense ratio: 90.1%; rating input score 90
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 1.2%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 1.28; rating input score 45; 45th percentile among comparable filings
  • Liabilities to assets ratio: 0.8; rating input score 14; 14th percentile among comparable filings
  • Officer compensation ratio: 2.7%; rating input score 71; 71st percentile among comparable filings

Growth

  • Program expense growth: 5.2% per year; rating input score 100; 43rd percentile among comparable filings
  • Revenue growth: 6.6% per year; rating input score 100; 56th percentile among comparable filings
  • Asset growth: 18.9% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 89% of revenue deployed · 90.1% of spending went to programs
  • Governance: 7 of 7 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $16.5M in reported program spending
  • Leadership: top reported pay $138K · 11 people listed
  • Highest-paid contractors: 5 contractors listed · $1.5M reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 7 filed schedules · includes major donors
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 39/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
  • High — Sustainability: Liabilities to assets ratio scored 14/100.