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The Schools of McKeel Academy

Lakeland, FL · EIN 65-0854467 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

The Schools of McKeel Academy reported $36.7 million in revenue and $35.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $81.58 went to program services, $18.42 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 90.2% of the total. Government grants made up 90.2%. The highest compensation it reported for one person was $216,867 (CHIEF STRATEGIC OFFICER). 9 people received more than $100,000 in reportable compensation. Revenue rose 34% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $36M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $37M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
81.6%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
18.4%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
90.2%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
90.2%1.1%
Program service revenue share
Part VIII 2g ÷ 12
8.9%69.9%
Highest reported compensation
Part VII-A, columns D–F
$216,867$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.61%1.28%
People paid over $100,000
Part VII, line 2
98
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
3.313.3
Independent voting board members
Part VI 1a–1b
8 of 8100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$29M expenses · 100.0% of program spending · revenue $3.3M

The charter school provides an innovative technology based learning for students from pre-kindergarten through twelfth grade. Our teaching staff is devoted to the highest standards of education profession to meet and exceed the needs of our students with a focus on intergrating the latest technology in our curriculum. Our school is ranked a high preforming charter school. The charter school served an average of 3,430 students during the fiscal year ending june 30, 2025

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CHIEF STRATEGIC OFFICER
Officer, 40.00 hrs/week
$181,059$0$35,808$216,867
PRESIDENT / DIRECTOR OF SCHOOLS
Director/trustee, officer, 40.00 hrs/week
$164,373$0$20,824$185,197
PRINCIPAL
Officer, 40.00 hrs/week
$140,781$0$27,298$168,079
FACILITIES
Officer, 40.00 hrs/week
$129,302$0$16,044$145,346
ASSISTANT PRINCIPAL
Officer, 40.00 hrs/week
$114,446$0$21,733$136,179
ASSISTANT PRINCIPAL
Officer, 40.00 hrs/week
$118,715$0$14,601$133,316
PRINCIPAL
Officer, 40.00 hrs/week
$113,099$0$13,835$126,934
PRINCIPAL
Officer, 40.00 hrs/week
$112,985$0$13,820$126,805

9 people received more than $100,000 in reportable compensation from The Schools of McKeel Academy (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.4M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$20M$40M$60M$80MFY2020FY2021FY2022FY2023FY2024FY2025$37M$36M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$37M$36M81.6%$10.0M$216,867
FY2024 ⓘ$42M$43M81.9%$9.0M$208,744
FY2023 ⓘ$38M$36M81.8%$9.0M$196,714
FY2022 ⓘ$32M$29M81.9%$7.5M$195,103
FY2021 ⓘ$30M$29M81.6%$4.5M$194,127
FY2020 ⓘ$27M$27M81.7%$3.3M$172,896

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b8 · 8 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5441
  • Volunteers Part I, line 6972

Correct a figure or respond

Every number above is copied from The Schools of McKeel Academy's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Schools of McKeel Academy, you can publish a response that is linked from this page.

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Questions people ask

How much of The Schools of McKeel Academy's spending goes to programs?

In the fiscal year ending June 30, 2025, The Schools of McKeel Academy reported that 81.6% of its $35.7 million in expenses went to program services, 18.4% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does The Schools of McKeel Academy pay its top executive?

The largest total compensation The Schools of McKeel Academy reported for one person in the fiscal year ending June 30, 2025 was $216,867, for the role of CHIEF STRATEGIC OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does The Schools of McKeel Academy get its money?

Of $36.7 million in revenue in the fiscal year ending June 30, 2025, 90.2% came from contributions and grants (including 90.2% from government grants) and 8.9% from program service revenue (Form 990, Part VIII).

Is The Schools of McKeel Academy a registered charity?

The IRS lists EIN 65-0854467 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202600509349301400 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531359349304543 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441349349302924 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202320539349301142 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241319349302159 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202130429349300308 · read the filing

All filings for EIN 65-0854467: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.