Florida High School for Accelerated Learning - Seminole Inc
Nonprofit profile at a glance
- EIN
- 844513444
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-N 2020
- Location
- Sanford, FL, USA
- Phone
- 4077325788
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $2,135,164
- Expenses
- $2,152,167
- Assets
- $229,317
- Liabilities
- $130,652
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- JULIE HOWARD (VICE CHAIR)
- COLBERT SIMS III (SECRETARY/TR)
- YOLANDA JACKSON (CHAIR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
A public charter school that provides unique learning opportunities to students who are currently unable to be successful in traditional public high schools. The focus will be to assist students who are age 16 to 21 and who are at risk of dropping out or who have already dropped out of traditional high schools achieve a high school diploma or prepare for post-secondary educational options.
What it reported doing in 2024
To provide tuition-free public high school programs and education to students ages 16 to 21 who prefer a non-traditional learning environment with flexible scheduling options.
Operating model
- Revenue model
- Earned-program. 85% 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. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 90
- Accountability: 88
- Sustainability: 28
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.7%; rating input score 89
- Program expense ratio: 88%; rating input score 88
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- 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: -0.8%; rating input score 30; 30th percentile among comparable filings
- Total-asset coverage ratio: 0.11; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: 0.57; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: 29.8% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: -1.5% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: -26.8% per year; rating input score 0; 0th percentile among comparable filings
Details
- Where the money goes: 88.7% of revenue deployed · 88% of spending went to programs
- Governance: 3 of 3 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $1.9M in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 4 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- 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.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 30/100.
- High — Sustainability: Total-asset coverage ratio scored 3/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 18/100.