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Royal Palm Academy Inc

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: Human Services — Multipurpose and Other / Human Service Organizations - Multipurpose (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.
Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$6.8M (2023)

Expenses
$6.45M (2023)

Total Assets
$6.64M (2023)

Total Liabilities
$2.19M (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
$6,802,095
Expenses
$6,453,229
Net Income
$348,866
Net Assets
$4,445,439
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,442,642
21.2%
Program Services $5,327,960
78.3%
Investment Income $21,080
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $597
0.0%
Net Fundraising -$9,795
Sales of Assets $2,992
0.0%
Net Inventory Sales $0
Other Revenue $16,619
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $299,516
4.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,409,086
37.3%
Assets/Debt
Total Assets $6,638,103
Total Liabilities $2,192,664
Net Assets $4,445,439
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Bussman (Head Of School) $136,470 $0 $9,851
Dennis Frodsham (Business Manager/Cfo) $97,640 $0 $10,106
Karen Avery (President) $0 $0 $0
Joe O'malley (Vice President) $0 $0 $0
Charles Ciuni (Treasurer) $0 $0 $0
Olesya Karakosta (Secretary) $0 $0 $0
Jacqueline Balandra (Immediate Past President) $0 $0 $0
Jared Ford (Director) $0 $0 $0
Robert Ringhofer (Director) $0 $0 $0
Timothy Schwartz (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,360,331
Expenses
$4,404,248
Net Income
-$43,917
Net Assets
$4,058,689
Notable Sources of Revenue Percent of Total Revenue
Contributions $983,608
22.6%
Program Services $3,385,231
77.6%
Investment Income $6,517
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,184
0.0%
Net Fundraising -$59,194
Sales of Assets $36,523
0.8%
Net Inventory Sales $0
Other Revenue $6,462
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $232,633
5.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,903,918
43.2%
Assets/Debt
Total Assets $6,267,583
Total Liabilities $2,208,894
Net Assets $4,058,689
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Dennis Frodsham (Business Manager/Cfo) $88,577 $0 $3,042
Michael Bussman (Head Of School) $69,411 $0 $16,335
Karen Avery (President) $0 $0 $0
Joe O'malley (Vice President) $0 $0 $0
Charles Ciuni (Treasurer) $0 $0 $0
Olesya Karakosta (Secretary) $0 $0 $0
Robert Ringhofer (Director) $0 $0 $0
Jacqueline Balandra (Immediate Past President) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,972,426
Expenses
$4,220,168
Net Income
-$247,742
Net Assets
$4,231,084
Notable Sources of Revenue Percent of Total Revenue
Contributions $979,401
24.7%
Program Services $3,011,041
75.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $800
0.0%
Net Fundraising $1,613
0.0%
Sales of Assets -$23,872
Net Inventory Sales $0
Other Revenue $3,443
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $222,930
5.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,746,056
41.4%
Assets/Debt
Total Assets $6,174,386
Total Liabilities $1,943,302
Net Assets $4,231,084
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Scott Baier (Former Head Of School Thru 5/31) $94,429 $0 $12,946
Dennis Frodsham (Business Manager/Cfo) $87,796 $0 $2,489
Jacqueline Balandra (President) $0 $0 $0
Joseph O'malley (Vice President) $0 $0 $0
Charles Ciuni (Treasurer) $0 $0 $0
Karen Avery (Secretary) $0 $0 $0
Olesya Karakosta (Director) $0 $0 $0
Robert Ringhofer (Director) $0 $0 $0
Michael Bussman (Head Of School Beg 6/1) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,745,145
Expenses
$4,000,395
Net Income
-$255,250
Net Assets
$4,330,594
Notable Sources of Revenue Percent of Total Revenue
Contributions $618,766
16.5%
Program Services $3,166,086
84.5%
Investment Income $26
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,348
0.1%
Net Fundraising -$48,907
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,826
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $195,488
4.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,743,179
43.6%
Assets/Debt
Total Assets $6,563,833
Total Liabilities $2,233,239
Net Assets $4,330,594
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Scott Baier (Head Of School) $95,126 $0 $10,915
Dennis Frodsham (Business Manager/Cfo) $86,833 $0 $2,614
Keith Jacoby Thru May 2020 (President) $0 $0 $0
Jacqueline Balandra (Vice President) $0 $0 $0
Charles Ciuni (Treasurer) $0 $0 $0
Karen Avery (Secretary) $0 $0 $0
Joe Murgalo (Director) $0 $0 $0
Olesya Karakosta (Director) $0 $0 $0
Joseph O'malley (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,689,992
Expenses
$4,201,532
Net Income
-$511,540
Net Assets
$4,559,791
Notable Sources of Revenue Percent of Total Revenue
Contributions $279,972
7.6%
Program Services $3,450,089
93.5%
Investment Income $24,551
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,637
0.1%
Net Fundraising -$88,723
Sales of Assets -$589
Net Inventory Sales $0
Other Revenue $16,555
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $203,856
4.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,900,437
45.2%
Assets/Debt
Total Assets $6,525,674
Total Liabilities $1,965,883
Net Assets $4,559,791
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Scott Baier (Head Of School) $94,371 $0 $16,026
Dennis Frodsham (Business Manager/Cfo) $85,125 $0 $2,239
William Kastroll (President) $0 $0 $0
Keith Jacoby (President) $0 $0 $0
Jacqueline Balandra (Vice President) $0 $0 $0
Charles Ciuni (Treasurer) $0 $0 $0
Karen Avery (Secretary) $0 $0 $0
Joe Murgalo (Director) $0 $0 $0
Olesya Karakosta (Director) $0 $0 $0
Joseph O'malley (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,394,167
Expenses
$3,698,627
Net Income
$695,540
Net Assets
$5,057,482
Notable Sources of Revenue Percent of Total Revenue
Contributions $953,171
21.7%
Program Services $2,931,109
66.7%
Investment Income $18,976
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $111,538
2.5%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $379,373
8.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,016,420
54.5%
Assets/Debt
Total Assets $7,621,002
Total Liabilities $2,563,520
Net Assets $5,057,482
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Scott Baier (Head Of School) $103,257 $0 $0
William Kastroll (President) $0 $0 $0
Andrew Saluan (Vice President/Treasurer) $0 $0 $0
Scott Madgey (Secretary) $0 $0 $0
Keith Jacoby (Director) $0 $0 $0
Joseph Murgalo (Director) $0 $0 $0
Karen Avery (Director) $0 $0 $0
Joseph O'malley (Director) $0 $0 $0
Jacqueline Balandra (Director) $0 $0 $0
Olesya Karakosta (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,232,335
Expenses
$3,386,988
Net Income
$845,347
Net Assets
$4,361,942
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,258,457
29.7%
Program Services $2,811,135
66.4%
Investment Income $85
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $112,676
2.7%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $49,982
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $88,788
2.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,773,721
52.4%
Assets/Debt
Total Assets $6,488,167
Total Liabilities $2,126,225
Net Assets $4,361,942
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
William Kastroll (President) $0 $0 $0
Andrew Saluan (Vice President/Treasurer) $0 $0 $0
Scott Madgey (Secretary) $0 $0 $0
Keith Jacoby (Director) $0 $0 $0
Joseph Murgalo (Director) $0 $0 $0
Karen Avery (Director) $0 $0 $0
Joseph O'malley (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,976,351
Expenses
$3,128,203
Net Income
-$151,852
Net Assets
$3,516,595
Notable Sources of Revenue Percent of Total Revenue
Contributions $158,833
5.3%
Program Services $2,716,944
91.3%
Investment Income $108
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $97,200
3.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,266
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $129,786
4.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,655,126
52.9%
Assets/Debt
Total Assets $6,093,482
Total Liabilities $2,576,887
Net Assets $3,516,595
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
William Kastroll (President) $0 $0 $0
Andrew Saluan (Vice President/Treasurer) $0 $0 $0
Scott Madgey (Secretary) $0 $0 $0
Keith Jacoby (Director) $0 $0 $0
Joseph Murgalo (Director) $0 $0 $0
Karen Avery (Director) $0 $0 $0
Joseph O'malley (Director) $0 $0 $0
Gene Nara (Head Of School) $0 $114,933 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,559,737
Expenses
$3,063,992
Net Income
$495,745
Net Assets
$3,668,447
Notable Sources of Revenue Percent of Total Revenue
Contributions $622,542
17.5%
Program Services $2,835,188
79.6%
Investment Income $466
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $101,368
2.8%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $173
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $111,417
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,640,854
53.6%
Assets/Debt
Total Assets $4,897,462
Total Liabilities $1,229,015
Net Assets $3,668,447
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Gene Nara (Head Of School) $108,819 $0 $0
William Kastroll (President) $0 $0 $0
Andrew Saluan (Vice President/Treasurer) $0 $0 $0
Scott Madgey (Secretary) $0 $0 $0
Keith Jacoby (Director) $0 $0 $0
Joseph Murgalo (Director) $0 $0 $0
Karen Avery (Director) $0 $0 $0
Joseph O'malley (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,970,460
Expenses
$3,003,944
Net Income
-$33,484
Net Assets
$3,154,893
Notable Sources of Revenue Percent of Total Revenue
Contributions $376,802
12.7%
Program Services $2,462,135
82.9%
Investment Income $959
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $121,669
4.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $8,895
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $123,980
4.1%
Professional Fundraising Fees $2,986
0.1%
Other Salaries and Wages $1,585,520
52.8%
Assets/Debt
Total Assets $4,235,218
Total Liabilities $1,080,325
Net Assets $3,154,893
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Margaret Richardson (Head Of School) $123,980 $0 $0
Keith Jacoby (Director) $0 $0 $0
Joseph Murgalo (Director) $0 $0 $0
William Kastroll (President) $0 $0 $0
Andrew Saluan (Treasurer) $0 $0 $0
Scott Madgey (Secretary) $0 $0 $0
Karen Avery (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,163,945
Expenses
$2,937,671
Net Income
$226,274
Net Assets
$3,188,377
Notable Sources of Revenue Percent of Total Revenue
Contributions $307,561
9.7%
Program Services $2,737,871
86.5%
Investment Income $2,495
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $110,558
3.5%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,460
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $127,308
4.3%
Professional Fundraising Fees $13,298
0.5%
Other Salaries and Wages $1,503,732
51.2%
Assets/Debt
Total Assets $4,077,769
Total Liabilities $889,392
Net Assets $3,188,377

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,049,768
Expenses
$3,086,982
Net Income
$962,786
Net Assets
$2,962,103
Notable Sources of Revenue Percent of Total Revenue
Contributions $236,342
5.8%
Program Services $2,630,363
65.0%
Investment Income $1,879
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $148,852
3.7%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,032,332
25.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,032,028
Total Liabilities $1,069,925
Net Assets $2,962,103

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,603,089
Expenses
$3,354,234
Net Income
$1,248,855
Net Assets
$1,999,315
Notable Sources of Revenue Percent of Total Revenue
Contributions $563,926
12.3%
Program Services $2,344,657
50.9%
Investment Income $838
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $95,857
2.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,597,811
34.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $120,665
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,409,020
42.0%
Assets/Debt
Total Assets $6,894,403
Total Liabilities $4,895,088
Net Assets $1,999,315

Document Links

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

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

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

Fiscal Year Ending June
2003

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

Fiscal Year Ending June
2002

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

Fiscal Year Ending Dec.
2001

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

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.

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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."

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Types of Nonprofits

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