Overview

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Est.

1991

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

Admiral Farragut Academy Inc is a nonprofit organization focused on secondary education, dedicated to providing a college preparatory environment that promotes academic excellence, leadership skills, and social development among a diverse community of young men and women. With an operating budget of $14.2 million and total revenue of $17.9 million for the 2024 fiscal year, the organization is financially robust, receiving support from multiple funders without relying on any single source for 50% or more of its revenue. More information can be found on their website at www.farragut.org.

Mission Statement

TO PROVIDE A COLLLEGE PREPARATORY ENVIRONMENT THAT PROMOTS ACADEMIC EXCELLENCE, LEADERSHIP SKILLS, AND SOCIAL DEVELOPMENT WITHIN A DIVERSE COMMUNITY OF YOUNG MEN AND WOMEN.
Revenues
$17.9M
Expenses
$17M
Net Income:
+$930.2K
Assets
$20M
Liabilities
$12.9M
Net Assets:
+$7.1M
Operating Budget
$14.2M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
10
Median grant size
$15K
Largest grant received
$76.2K
T
Tim Harrison
Board Member
E
E Garret Gummer
Board Member
W
William Lennox
Board Member

Frequently Asked Questions

What is ADMIRAL FARRAGUT ACADEMY INC’s budget?
In 2024, ADMIRAL FARRAGUT ACADEMY INC reported an annual operating budget of around $14.2 million. More detailed financial information is available to registered users.
What causes does ADMIRAL FARRAGUT ACADEMY INC support?
ADMIRAL FARRAGUT ACADEMY INC supports work in Secondary education.
Where does ADMIRAL FARRAGUT ACADEMY INC operate?
ADMIRAL FARRAGUT ACADEMY INC is headquartered in ST. PETERSBURG, FL.
Who funded ADMIRAL FARRAGUT ACADEMY INC recently?
In 2025, ADMIRAL FARRAGUT ACADEMY INC received grants from Judith L Chiara Charitable Fund Inc c/o RIVER PARTNERS CAPITAL MGMT LP, Judith L Chiara Charitable Fund Inc c/o RIVER PARTNERS CAPITAL MGMT LP, and RAYMOND JAMES CHARITABLE ENDOWMENT FUND. More information on this organization’s funders is available to registered users.
What is the largest grant ADMIRAL FARRAGUT ACADEMY INC received in 2024?
The largest grant to ADMIRAL FARRAGUT ACADEMY INC in 2024 exceeds $76 thousand.
What is ADMIRAL FARRAGUT ACADEMY INC’s reliance on government grants?
ADMIRAL FARRAGUT ACADEMY INC relied on government grants for less than 5% of their total revenue in 2024.