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Nonprofit · EIN 26-2475110

GLADES ACADEMY FOUNDATION INC

Tax-exempt · WEST PALM BCH, FL 33401

Financials

$1.3M$402K2023$1.8M$434K2024
Revenue Expenses · by fiscal year end
Financials of GLADES ACADEMY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,753,272$433,879$1,319,393$5,421,335$16,057$5,405,278
December 31, 2023990$1,347,450$402,158$945,292$4,085,885$0$4,085,885
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,557,145
Program service revenue
$0
Investment income
$191,005
Other revenue
$5,122

Expenses

Grants and similar amounts paid
$419,036
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$14,057
Program services (functional)
$419,036
Management and general (functional)
$14,843

Balance sheet and other

Total assets, start of year
$4,085,885
Total assets, end of year
$5,421,335
Total liabilities, end of year
$16,057
Net assets, end of year
$5,405,278
Net assets without donor restrictions
$5,405,278
Gross receipts
$1,830,744
Employees
0
Year formed
2008
State of legal domicile
FL

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Emilia FanjulPresident Secretary
Trustee or director, Officer
10$0
Lourdes FanjulTreasurer
Trustee or director, Officer
5$0
Alexander BorellDirector
Trustee or director
1$0
Joseph GalardiDirector
Trustee or director
1$0
Pauline PittDirector
Trustee or director
1$0
Annette AllenDirector
Trustee or director
1$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
Emilia FanjulPresident Secretary
Trustee or director, Officer
10$0
Lourdes FanjulTreasurer
Trustee or director, Officer
5$0
Alexander BorellDirector
Trustee or director
1$0
Joseph GalardiDirector
Trustee or director
1$0
Pauline PittDirector
Trustee or director
1$0
Annette AllenDirector
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1 N CLEMATIS ST STE 200, WEST PALM BCH, FL 33401-5551
Principal officer (990 for 2024)
Emilia Fanjul, 105 Jungle Road, Palm Beach, FL 33480
Signed the 990
Emilia Fanjul, President
Phone
(561) 366-5104
Return prepared by
Kahle CPA PA

Mission

To promote quality public school education in Florida through contributions to charter schools. To monitor the use of the contributions to assure their use in expanding educational opportunities for the students at such schools. To develop funding sources to expand and enhance this mission. Construct new and augment existing school facilities.

990 for the year ended December 31, 2024

Program accomplishments

  • Direct support to Glades Academy, Inc. in Pahokee, FL which serves young children from kindergarden through 8th grade and has been in continuous operation since 2000. The funds were used by the school to purchase educational materials, and for the general support of academic programs where money from the school district was not sufficient to support the day to day academic programs needed for a school in this disadvantaged area of Palm Beach County. This elementary and middle school located on the campus of New Hope Charities has state of the art classrooms, learning labs, and other enhanced day and after school programs. At present over 235 students annually receive their academic experience from highly credentialed teachers and school leaders. The school continues to excel in all areas.
    Expenses $94,536
  • Direct support to Everglades Preparatory Academy, Inc. in Pahokee, FL. which was founded to serve and has continuously served high school students since 2001. The funds were used by the school to purchase educational materials, and for the general support of academic programs where money from the school district was not sufficient to support the day to day academic programs needed for a school in this disadvantaged area of Palm Beach County. The teachers and staff of Everglades Preparatory Academy serve approximately 120 students annually from the communities near eastern Lake Okeechobee and provide enriched academic support in a safe school setting, which has included community serving summer programs for many years. The Foundation also provides funds for security services provided to the school.
    Expenses $324,500

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
26-2475110
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2009
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B90)
Assets (IRS master file)
$5,421,335
Income (IRS master file)
$1,830,744

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,753,272$433,879$5,421,335IRS
990December 2023$1,347,450$402,158$4,085,885XML
990December 2022$920,503$441,359$3,140,593IRS
990December 2021$706,864$406,559$2,661,449IRS
990December 2020–––IRS
990December 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 26-2475110).

Questions about GLADES ACADEMY FOUNDATION INC

What is the EIN of GLADES ACADEMY FOUNDATION INC?
The employer identification number (EIN) of GLADES ACADEMY FOUNDATION INC is 26-2475110.
Is GLADES ACADEMY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
Are donations to GLADES ACADEMY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GLADES ACADEMY FOUNDATION 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 GLADES ACADEMY FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GLADES ACADEMY FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of GLADES ACADEMY FOUNDATION INC?
The 990 for the year ended December 31, 2024 names Emilia Fanjul.
Who are the officers and directors of GLADES ACADEMY FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does GLADES ACADEMY FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,753,272, expenses of $433,879 and total assets of $5,421,335 at year end.

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