Florida Keys Academy of Sports and Education Incorporated is a nonprofit organization that focuses on providing educational and athletic opportunities to individuals in the Florida Keys region. Recent data from nonprofit tax returns offers insights into the organization’s operations and financial health.

Nonprofit Financial Overview

The summary data available includes tax filings processed by the IRS, covering the calendar years from 2012 to 2019. These filings typically reflect the fiscal years from 2011 to 2018, although some records may predate this timeline. The data release features only a selection of the comprehensive information found in the full Form 990 documents.

For greater transparency, links to both PDF and digital formats of full Form 990 documents are provided when available. These documents represent individual filings made with the IRS, and the updates to this data are carried out regularly to ensure accessibility and accuracy.

Additionally, the academy is subject to audits if it spends $750,000 or more in Federal grant money within a fiscal year. Audits for such organizations have been available since 2016 and are sourced from the Federal Audit Clearinghouse. This enables scrutiny of financial practices and funding usage, contributing to accountability in nonprofit financial management.

The data collected not only helps to paint a picture of the financial status of the Florida Keys Academy of Sports and Education but also illustrates its commitment to fulfilling its mission in the community. The organization’s operational practices, financial transparency, and adherence to nonprofit regulations are essential for maintaining public trust and support.

Why It Matters

This information is vital as it aids supporters and potential donors in assessing the financial health and legitimacy of the organization. By clarifying how funds are allocated and ensuring adherence to federal guidelines, the Florida Keys Academy of Sports and Education can foster greater community engagement and support, reinforcing its ongoing contributions to the region.