INDEPENDENCE CLASSICAL ACADEMY INC

EIN: 812700759 501(c)(3) Education

FORT PIERCE, FL

Total Revenue
$6,411,254
Total Expenses
$6,987,794
Total Assets
$15,316,332
Net Assets
$35,763
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
FL
Principal Officer
CLAY BECTON
Phone
7728379300
Tax Period
2024-07-01 to 2025-06-30

INDEPENDENCE CLASSICAL ACADEMY INC, founded in 2020, is a community nonprofit in the Education sector that reported $6.4M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

INDEPENDENCE CLASSICAL ACADEMY EXISTS TO PROVIDE A DISCIPLINED AND HIGHLY ENGAGING LEARNING ENVIRONMENT RICH IN SCHOLARSHIP, CHARACTER BUILDING, CITIZENSHIP, MORAL VIRTUE, CIVICS, AND LIBERAL ARTS. THIS TIME-TESTED, CLASSICAL LIBERAL ARTS EDUCATION WILL ENSURE STUDENTS ARE HIGHLY PREPARED, THROUGH RIGOROUS AND RELEVANT CORE CONTENT WITH AN EMPHASIS ON LITERACY, TO BE HIGHLY PRODUCTIVE AND SUCCESSFUL CITIZENS WITH A STRONG SENSE OF CHARACTER AND CIVIC RESPONSIBILITY.

Program Service Accomplishments

Program 1
Expenses: $5,863,897 Revenue: $6,411,254

INDEPENDENCE CLASSICAL ACADEMY EXISTS TO FILL A ROLE IN PUBLIC EDUCATION THAT IS CURRENTLY MISSING IN ST. LUCIE COUNTY. A VIRTUOUS ENVIRONMENT IN WHICH TO PROVIDE AN ACADEMICALLY RIGOROUS CURRICULUM...

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INDEPENDENCE CLASSICAL ACADEMY EXISTS TO FILL A ROLE IN PUBLIC EDUCATION THAT IS CURRENTLY MISSING IN ST. LUCIE COUNTY. A VIRTUOUS ENVIRONMENT IN WHICH TO PROVIDE AN ACADEMICALLY RIGOROUS CURRICULUM WHERE GOOD MORAL VIRTUE IS NOT ONLY ENCOURAGED, BUT EXPECTED. A PLACE WHERE TEACHERS CAN TEACH, AND STUDENTS WILL LEARN. OFFERING A SETTING FREE FROM DIGITAL LEARNING AND THE DISTRACTIONS OF SCREENS AND PRESSURES OF SOCIAL MEDIA THAT MANY KIDS ARE FIXATED ON IN TODAY'S WORLD, WE ARE ABLE TO HONE IN ON CREATING CRITICAL THINKERS THAT ARE FLUENT READERS, WRITERS, AND SPEAKERS. STUDENTS IN OUR ACADEMY ARE BEING TAUGHT THAT CHARACTER COUNTS, AND THAT THEY ARE CAPABLE OF HARD THINGS. KIDS ARE GETTING OUTDOORS, EXPERIENCING LEARNING FOR ALL LEARNING STYLES, AND BEING HELD ACCOUNTABLE FOR THEIR OWN LEARNING GAINS, AS OPPOSED TO SPENDING TEN MONTHS LEARNING HOW TO PASS A STANDARDIZED TEST. THE CULTURE AT ICA IS THAT OF A FAMILY, AND THE GAINS OUR STUDENTS MAKE ACADEMICALLY ARE LARGELY TIED TO THE ENVIRONMENT IN WHICH THEY ARE TAUGHT, A SMALL, HIGHLY STRUCTURED SCHOOL THAT FOCUSES ON KNOWING ALL OF OUR KIDS, AND GETTING THEM TO REACH THEIR FULL POTENTIAL.

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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 $0
Program Service Revenue $6,156,782
Investment Income $0
Other Revenue $254,472
TOTAL REVENUE $6,411,254

Expense Breakdown

Grants Paid $0
Salaries & Benefits $258,423
Fundraising Expenses $0
Program Expenses $5,863,897
Other Expenses $6,729,371
TOTAL EXPENSES $6,987,794

Year-over-Year Comparison

2024 2023 Change
Revenue $6,411,254 $4,926,179 +0.3%
Expenses $6,987,794 $4,401,495 +0.6%
Net Income $-576,540 $524,684 -2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
97
Volunteers
50

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
3
$0
Total Directors
4
$0
Key Employees
1
$253,581
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLAY BECTON CHAIR 2.00
Officer Director
$0 $0 $0
CARLO FRADE JR VICE CHAIR 2.00
Officer Director
$0 $0 $0
JASON REVELS SECRETARY 1.00
Officer Director
$0 $0 $0
MARCIA CULLY DIRECTOR 1.00
Director
$0 $0 $0
SANDY HOWARD EXECUTIVE DIRECTOR 70.00
Key Emp
$253,581 $0 $253,581
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 $6,411,254 $6,987,794 $15,316,332 $-576,540
2024 No data No data No data No data
2023 $3,983,027 $3,875,735 $11,074,228 $107,292
2022 $2,618,925 $2,752,527 $11,182,975 $-133,602
2021 $2,488,195 $2,428,742 $346,948 $59,453
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