Nonprofit · EIN 65-0146241
ACADEMY AT OCEAN REEF INC
Tax-exempt · KEY LARGO, FL 33037
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $3,273,354 | $3,312,997 | -$39,643 | $3,026,787 | $353,999 | $2,672,788 |
| July 31, 2024 | 990 | $2,882,804 | $3,104,480 | -$221,676 | $3,123,151 | $409,744 | $2,713,407 |
| July 31, 2023 | 990 | $2,354,401 | $2,817,390 | -$462,989 | $3,261,177 | $327,464 | $2,933,713 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $831,871
- Program service revenue
- $1,747,859
- Investment income
- $38
- Other revenue
- $693,586
Expenses
- Grants and similar amounts paid
- $396,239
- Other salaries and wages
- $1,780,301
- Salaries, compensation and benefits (total)
- $2,055,479
- Professional fundraising fees
- $0
- Travel
- $16,687
- Depreciation
- $170,024
- Program services (functional)
- $2,932,144
- Management and general (functional)
- $380,853
Balance sheet and other
- Total assets, start of year
- $3,123,151
- Total assets, end of year
- $3,026,787
- Total liabilities, end of year
- $353,999
- Net assets, end of year
- $2,672,788
- Land, buildings and equipment
- $2,813,414
- Net assets without donor restrictions
- $2,672,788
- Gross receipts
- $3,273,354
- Employees
- 25
- Year formed
- 1989
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANNE LEAKE | PTO PRESIDEN Trustee or director | – | $0 |
| MOLLY CARROLL | ORC REPRESEN Trustee or director | – | $0 |
| LISA BAILEY CASSIDY | TRUSTEE Trustee or director | – | $0 |
| BRAD COPELAND | TRUSTEE Trustee or director | – | $0 |
| CASEY EVERHART | TRUSTEE Trustee or director | – | $0 |
| KELLY FORD | TRUSTEE Trustee or director | – | $0 |
| KAT FRITTER | TRUSTEE Trustee or director | – | $0 |
| JOHN GRUNOW III | TRUSTEE Trustee or director | – | $0 |
| LARRY GUIDO | SECRETARY Trustee or director | – | $0 |
| JANE HAGER | TRUSTEE Trustee or director | – | $0 |
| JIM HASSETT | TREASURER Trustee or director | – | $0 |
| SCOTT LAIRD | TRUSTEE Trustee or director | – | $0 |
| JEROME MURPHY | HEAD OF SCHO Officer | – | $0 |
| RUSSELL POST | PRESIDENT Trustee or director | – | $0 |
| PAT ROBERTS | TRUSTEE Trustee or director | – | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROSALYN SMITH | TRUSTEE Trustee or director | – | $0 |
| JODY STEELE | TRUSTEE Trustee or director | – | $0 |
| PATRICIA WOODMAN | TRUSTEE Trustee or director | – | $0 |
990 for the year ended July 31, 2024: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MOLLY CARROLL | ORC REPRESEN Trustee or director | 1 | $0 |
| BRAD COPELAND | TRUSTEE Trustee or director | 1 | $0 |
| KAT FRITTER | TRUSTEE Trustee or director | 1 | $0 |
| LARRY GUIDO | SECRETARY Trustee or director | 1 | $0 |
| RICK HANEY | TRUSTEE Trustee or director | 1 | $0 |
| JIM HASSETT | TREASURER Trustee or director | 1 | $0 |
| DAN LEBEN | TRUSTEE Trustee or director | 1 | $0 |
| JEROME MURPHY | HEAD OF SCHO Officer | 40 | $0 |
| RUSSELL POST | PRESIDENT/SE Trustee or director | 1 | $0 |
| JODY STEELE | TRUSTEE Trustee or director | 1 | $0 |
| LISA BAILEY CASSIDY | TRUSTEE Trustee or director | 1 | $0 |
| CASEY EVERHART | TRUSTEE Trustee or director | 1 | $0 |
| DARRELL HELMS | TRUSTEE Trustee or director | 1 | $0 |
| PAT ROBERTS | TRUSTEE Trustee or director | 1 | $0 |
| ALEXIS ROGERS | TRUSTEE Trustee or director | 1 | $0 |
| JANE HAGER | TRUSTEE Trustee or director | 1 | $0 |
| TRICIA WOODMAN | TRUSTEE Trustee or director | 1 | $0 |
| JOHN GRUNOW III | TRUSTEE Trustee or director | 1 | $0 |
| ALYSON CALDWELL | PTO PRESIDEN Trustee or director | 1 | $0 |
| SCOTT LAIRD | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended July 31, 2023: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMANDA ASMAN | PTO PRESIDEN Trustee or director | 1 | $0 |
| MOLLY CARROLL | TRUSTEE Trustee or director | 1 | $0 |
| LISA BAILEY CASSIDY | TRUSTEE Trustee or director | 1 | $0 |
| BRAD COPELAND | TRUSTEE Trustee or director | 1 | $0 |
| CASEY EVERHART | TRUSTEE Trustee or director | 1 | $0 |
| KAT FRITTER | TRUSTEE Trustee or director | 1 | $0 |
| LARRY GUIDO | TRUSTEE Trustee or director | 1 | $0 |
| JANE HAGER | PTO VP Trustee or director | 1 | $0 |
| RICK HANEY | TREASURER Trustee or director | 1 | $0 |
| JIM HASSETT | TREASURER Trustee or director | 1 | $0 |
| DARRELL HELMS | TRUSTEE Trustee or director | 1 | $0 |
| DAN LEBEN | TRUSTEE Trustee or director | 1 | $0 |
| RUSSELL POST | PRESIDENT/SE Trustee or director | 1 | $0 |
| PAT ROBERTS | TRUSTEE Trustee or director | 1 | $0 |
| ALEXIS ROGERS | TRUSTEE Trustee or director | 1 | $0 |
| JODY STEELE | TRUSTEE Trustee or director | 1 | $0 |
| TRICIA WOODMAN | TRUSTEE Trustee or director | 1 | $0 |
| JEROME MURPHY | HEAD OF SCHO Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 395 S HARBOR DR, KEY LARGO, FL 33037-5125
- Principal officer (990 for 2024)
- RUSSELL POST, 395 SOUTH HARBOR DRIVE, KEY LARGO, FL 33037
- Signed the 990
- JIM HASSETT, TREASURER
- Phone
- (305) 367-2409
- Return prepared by
- SHANNON H SUMMERSGILL CPA LLC
Mission
TO PROVIDE EDUCATION FOR CHILDREN FROM PRESCHOOL THROUGH SECONDARY LEVEL.
Program accomplishments
- THE ACADEMY AT OCEAN REEF IS A NON-PROFIT INDEPENDENT SCHOOL THAT SERVES FULL TIME AND SEASONAL CHILDREN OF MEMBERS AND EMPLOYEES AT THE OCEAN REEF CLUB IN GRADES PRESCHOOL THROUGH EIGHTH GRADE. THE SCHOOL IS ACCREDITED BY THE FLORIDA COUNCIL OF INDEPENDENT SCHOOLS AND THE FLORIDA KINDERGARTEN COUNCIL.Expenses $2,932,144 · grants $396,239
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 65-0146241
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1991
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,026,787
- Income (IRS master file)
- $3,273,354
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $3,273,354 | $3,312,997 | $3,026,787 | XML |
| 990 | July 2024 | $2,882,804 | $3,104,480 | $3,123,151 | XML |
| 990 | July 2023 | $2,354,401 | $2,817,390 | $3,261,177 | XML |
| 990 | July 2022 | $2,663,538 | $2,655,884 | $3,861,432 | IRS |
| 990 | July 2021 | – | – | – | IRS |
| 990 | July 2020 | – | – | – | IRS |
| 990 | July 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 65-0146241).
Questions about ACADEMY AT OCEAN REEF INC
- What is the EIN of ACADEMY AT OCEAN REEF INC?
- The employer identification number (EIN) of ACADEMY AT OCEAN REEF INC is 65-0146241.
- Is ACADEMY AT OCEAN REEF INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to ACADEMY AT OCEAN REEF INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ACADEMY AT OCEAN REEF INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ACADEMY AT OCEAN REEF INC due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ACADEMY AT OCEAN REEF INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of ACADEMY AT OCEAN REEF INC?
- The 990 for the year ended July 31, 2025 names RUSSELL POST.
- Who are the officers and directors of ACADEMY AT OCEAN REEF INC?
- The 990 for the year ended July 31, 2025 lists 18 people; 0 received compensation from the organization.
- How much revenue does ACADEMY AT OCEAN REEF INC have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $3,273,354, expenses of $3,312,997 and total assets of $3,026,787 at year end.
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