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Masters Academy Of Vero Beach Inc

  • Vero Beach, FL
  • Tax-exempt since Dec. 2004
  • EIN: 04-3770235

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Elementary, Secondary Education, K - 12 (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$3.26M (2023)

Expenses
$2.56M (2023)

Total Assets
$2.2M (2023)

Total Liabilities
$154k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,261,271
Expenses
$2,558,525
Net Income
$702,746
Net Assets
$2,051,055
Notable Sources of Revenue Percent of Total Revenue
Contributions $88,488
2.7%
Program Services $2,420,002
74.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $44,205
1.4%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $708,576
21.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,602,661
62.6%
Assets/Debt
Total Assets $2,204,991
Total Liabilities $153,936
Net Assets $2,051,055
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Jonathan Hardie (Treasurer) $0 $0 $0
Matthew Mccain (Chairman) $0 $0 $0
David Morgan (Board Member) $0 $0 $0
Monica Washington (Secretary) $0 $0 $0
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Document Links

990
Filed on Jan. 29, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,740,783
Expenses
$2,291,500
Net Income
$449,283
Net Assets
$1,507,399
Notable Sources of Revenue Percent of Total Revenue
Contributions $55,692
2.0%
Program Services $2,235,412
81.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $36,638
1.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $413,041
15.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,312,396
57.3%
Assets/Debt
Total Assets $2,501,817
Total Liabilities $994,418
Net Assets $1,507,399
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Jonathan Hardie (Treasurer) $0 $0 $0
Matthew Mccain (Chairman) $0 $0 $0
David Morgan (Board Member) $0 $0 $0
Monica Washington (Secretary) $0 $0 $0
+ View more people

Document Links

990
Filed on May 15, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,152,564
Expenses
$1,954,978
Net Income
$197,586
Net Assets
$1,058,116
Notable Sources of Revenue Percent of Total Revenue
Contributions $49,010
2.3%
Program Services $1,638,729
76.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $20,474
1.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $444,351
20.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,246,315
63.8%
Assets/Debt
Total Assets $2,235,337
Total Liabilities $1,177,221
Net Assets $1,058,116
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Dan Corrigan (Board Member) $0 $0 $0
Michael Marks (Secretary) $0 $0 $0
Matthew Mccain (Chairman) $0 $0 $0
Anthony Samons (Treasurer) $0 $0 $0
+ View more people

Document Links

990
Filed on May 12, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,857,772
Expenses
$1,944,511
Net Income
-$86,739
Net Assets
$860,530
Notable Sources of Revenue Percent of Total Revenue
Contributions $59,867
3.2%
Program Services $1,668,675
89.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $34,430
1.9%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $94,800
5.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,246,397
64.1%
Assets/Debt
Total Assets $1,890,494
Total Liabilities $1,029,964
Net Assets $860,530
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Dan Corrigan (Board Member) $0 $0 $0
Michael Marks (Secretary) $0 $0 $0
Matthew Mccain (Chairman) $0 $0 $0
Anthony Samons (Treasurer) $0 $0 $0
+ View more people

Document Links

990
Filed on May 15, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,408,177
Expenses
$2,175,868
Net Income
$232,309
Net Assets
$947,269
Notable Sources of Revenue Percent of Total Revenue
Contributions $218,053
9.1%
Program Services $2,014,122
83.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $85,706
3.6%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $90,296
3.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,322,731
60.8%
Assets/Debt
Total Assets $1,203,211
Total Liabilities $255,942
Net Assets $947,269
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Phil Delange (Chairman) $0 $0 $0
Anthony Samons (Treasurer) $0 $0 $0
Dan Corrigan (Board Member) $0 $0 $0
Michael Marks (Secretary) $0 $0 $0
Matthew Mccain (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on May 14, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,164,128
Expenses
$2,188,328
Net Income
-$24,200
Net Assets
$714,960
Notable Sources of Revenue Percent of Total Revenue
Contributions $223,100
10.3%
Program Services $1,752,448
81.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $111,509
5.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $77,071
3.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,348,909
61.6%
Assets/Debt
Total Assets $982,845
Total Liabilities $267,885
Net Assets $714,960
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Phil Delange (Chairman) $0 $0 $0
Anthony Samons (Treasurer) $0 $0 $0
Dan Corrigan (Board Member) $0 $0 $0
Michael Marks (Secretary) $0 $0 $0
Matthew Mccain (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on May 14, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,138,290
Expenses
$2,104,532
Net Income
$33,758
Net Assets
$739,160
Notable Sources of Revenue Percent of Total Revenue
Contributions $68,208
3.2%
Program Services $1,876,737
87.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $115,932
5.4%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $77,413
3.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $74,200
3.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,147,759
54.5%
Assets/Debt
Total Assets $999,048
Total Liabilities $259,888
Net Assets $739,160
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Phil Delange (Chairman) $0 $0 $0
Anthony Samons (Treasurer) $0 $0 $0
Don Weston (Board Member) $0 $0 $0
Michael Marks (Secretary) $0 $0 $0
Matthew Mccain (Board Member) $0 $0 $0
Jim Romanek (Board Member) $0 $0 $0
Danielle Wynkoop (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on May 10, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,864,096
Expenses
$1,881,800
Net Income
-$17,704
Net Assets
$705,402
Notable Sources of Revenue Percent of Total Revenue
Contributions $104,856
5.6%
Program Services $1,508,649
80.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $122,195
6.6%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $128,396
6.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $74,200
3.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,069,674
56.8%
Assets/Debt
Total Assets $999,250
Total Liabilities $293,848
Net Assets $705,402
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Dr Wayne Smith (Headmaster) $74,200 $0 $0
Paul Westcott (Board Member) $0 $0 $0
Phil Delange (Chairman) $0 $0 $0
Anthony Samons (Treasurer) $0 $0 $0
Don Weston (Board Member) $0 $0 $0
Michael Marks (Secretary) $0 $0 $0
+ View more people

Document Links

990
Filed on May 10, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,861,308
Expenses
$1,840,135
Net Income
$21,173
Net Assets
$723,106
Notable Sources of Revenue Percent of Total Revenue
Contributions $128,932
6.9%
Program Services $1,548,524
83.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $92,363
5.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $91,489
4.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $70,000
3.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,053,384
57.2%
Assets/Debt
Total Assets $945,239
Total Liabilities $222,133
Net Assets $723,106
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Dr Wayne Smith (Headmaster) $70,000 $0 $0
Brian Mcneal (Board Member) $0 $0 $0
Paul Westcott (Board Member) $0 $0 $0
Phil Delange (Board Member) $0 $0 $0
Jerry Amico (Board Member) $0 $0 $0
Anthony Samons (Board Member) $0 $0 $0
Don Weston (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on May 13, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,737,703
Expenses
$1,764,909
Net Income
-$27,206
Net Assets
$701,933
Notable Sources of Revenue Percent of Total Revenue
Contributions $175,517
10.1%
Program Services $1,387,238
79.8%
Investment Income $15
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $78,444
4.5%
Sales of Assets $0
Net Inventory Sales $3,314
0.2%
Other Revenue $93,175
5.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $70,000
4.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,054,349
59.7%
Assets/Debt
Total Assets $1,013,713
Total Liabilities $311,780
Net Assets $701,933
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Dr Wayne Smith (Headmaster) $70,000 $0 $0
Brian Mcneal (Director) $0 $0 $0
Paul Westcott (Board Member) $0 $0 $0
David Morgan (Board Member) $0 $0 $0
Jerry Amico (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on May 11, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,759,308
Expenses
$1,841,648
Net Income
-$82,340
Net Assets
$729,139
Notable Sources of Revenue Percent of Total Revenue
Contributions $178,437
10.1%
Program Services $1,432,065
81.4%
Investment Income $44
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $76,402
4.3%
Sales of Assets $0
Net Inventory Sales $219
0.0%
Other Revenue $72,141
4.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $114,241
6.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,068,936
58.0%
Assets/Debt
Total Assets $972,118
Total Liabilities $242,979
Net Assets $729,139

Document Links

990
Filed on July 2, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,823,793
Expenses
$1,914,274
Net Income
-$90,481
Net Assets
$824,249
Notable Sources of Revenue Percent of Total Revenue
Contributions $196,234
10.8%
Program Services $1,424,580
78.1%
Investment Income $167
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $125,891
6.9%
Sales of Assets $0
Net Inventory Sales $2,249
0.1%
Other Revenue $74,672
4.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $70,815
3.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,180,184
61.7%
Assets/Debt
Total Assets $1,067,769
Total Liabilities $243,520
Net Assets $824,249

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,888,246
Expenses
$1,867,485
Net Income
$20,761
Net Assets
$914,730
Notable Sources of Revenue Percent of Total Revenue
Contributions $113,740
6.0%
Program Services $1,549,857
82.1%
Investment Income $222
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $127,881
6.8%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $96,546
5.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $75,741
4.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,103,969
59.1%
Assets/Debt
Total Assets $1,109,551
Total Liabilities $194,821
Net Assets $914,730

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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