BELMONT ACADEMYINC

EIN: 454185220 501(c)(3) Education

LAKE CITY, FL

Total Revenue
$8,896,842
Total Expenses
$8,159,676
Total Assets
$14,965,996
Net Assets
$3,460,226
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
FL
Principal Officer
MICHAEL D VINSON JR
Phone
3864870487
Tax Period
2024-07-01 to 2025-06-30

BELMONT ACADEMYINC, founded in 2012, is a community nonprofit in the Education sector that reported $8.9M in total revenue in fiscal year 2024. Expenses of $8.2M left a modest 8% surplus.

Mission

OUR MISSION AT BELMONT ACADEMY IS TO PREPARE EVERY ENROLLED STUDENT, REGARDLESS OF THE EDUCATIONAL PATH CHOSEN, WITH BOTH THE ACADEMICS AND SOCIAL SKILLS NEEDED TO BECOME A PERFECTLY FUNCTIONAL MEMBER IN OUR PRESENT DAY SOCIETY. IN SIMPLER TERMS, THE GRADUATE OF BELMONT ACADEMY WILL HAVE BEEN PROVIDED THE OPPORTUNITY TO BE READY.READY TO THINK, READY TO TALK, AND READY TO LISTEN. READY TO CHOOSE, READY TO PURSUE, AND READY TO ACHIEVE. OUR COMMITMENT IS TO MAKE BELMONT ACADEMY THIS PLACE OF LEARNING, THIS PLACE OF PREPARING. WE BELIEVE WE WILL ATTAIN THIS GOAL THROUGH VISIONARY LEADERSHIP; QUALIFIED, CAPABLE, AND EMPOWERED TEACHERS; AND DEDICATED AND INVOLVED PARENTS. THE BELMONT ACADEMY LEADERSHIP TEAM COMPONENT, INCLUDING MEMBERS OF BOTH THE SCHOOL ADMINISTRATION AND THE GOVERNING BOARD, HAS A DIVERSE BUSINESS RELATED BACKGROUND SUPPORTING ITS VISION. A NUMBER OF THE MEMBERS ARE ACTIVELY INVOLVED IN BUSINESS WITH EXPERTISE IN FINANCE, LEGAL AND MEDICAL, AND A REGIONAL PRESENCE, SOME WITH NATIONAL PRESENCE. UNDERSTANDING THE CHALLENGES WHICH EXIST IN AN EVER-CHANGING GLOBAL COMMUNITY AND HAVING THE FORESIGHT REQUIRED TO ADAPT TO THESE CHANGES, THESE MEMBERS BRING A UNIQUE EXPERIENCE TO THE TEAM WHICH, COUPLED WITH THE EDUCATIONAL BACKGROUND OF OTHER MEMBERS, CREATES A CAPACITY TO KEEP THE STUDENT POPULATION ON THE CUTTING EDGE OF EDUCATIONAL REQUIREMENTS. THE REQUIREMENTS NEEDED NOT ONLY TO SUCCEED TODAY AND TOMORROW, BUT IN THE TOMORROWS TO COME. OUR TEACHERS WILL BE ENCOURAGED TO THINK, TO DEVELOP, TO EXECUTE, AND TO PRODUCE. OUR TEACHERS WILL UNDERSTAND THE OPPORTUNITY THEY HAVE TO POSITIVELY ENGAGE AND AFFECT THEIR STUDENTS AND WILL HAVE THE PASSION TO DO SO.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,373,526
Program Service Revenue $7,393,654
Investment Income $102,915
Other Revenue $26,747
TOTAL REVENUE $8,896,842

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,224,528
Fundraising Expenses $0
Program Expenses $7,041,066
Other Expenses $2,935,148
TOTAL EXPENSES $8,159,676

Year-over-Year Comparison

2024 2023 Change
Revenue $8,896,842 $8,308,263 +0.1%
Expenses $8,159,676 $7,861,833 +0.0%
Net Income $737,166 $446,430 +0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
114
Volunteers
1252

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$251,161
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHASE LARSEN PRESIDENT/CHAIRMAN 2.00
Officer Director
$0 $0 $0
WILL MYERS SECRETARY 2.00
Officer Director
$0 $0 $0
JONNY HANDY TREASURER 2.00
Officer Director
$0 $0 $0
SHELLIE YOUNG DIRECTOR 1.00
Director
$0 $0 $0
ALEX KIRSCH DIRECTOR 1.00
Director
$0 $0 $0
DR MIGUEL TEPEDINO DIRECTOR 1.00
Director
$0 $0 $0
KATIE TYLER DIRECTOR 1.00
Director
$0 $0 $0
RON BARKER PRINCIPAL 40.00
Officer
$123,812 $9,997 $133,809
MICHAEL VINCON CFO 40.00
Officer
$113,206 $4,146 $117,352
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $8,896,842 $8,159,676 $14,965,996 $737,166
2024 $8,308,263 $7,861,833 $14,599,630 $446,430
2023 $7,942,153 $7,413,957 $14,554,531 $528,196
2022 $7,186,771 $6,882,630 $14,484,950 $304,141
2021 $5,247,045 $5,236,942 $13,775,608 $10,103
2020 $4,504,843 $4,334,117 $893,280 $170,726
2019 $4,091,971 $4,007,386 $580,453 $84,585
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