FY19 Year End Financials

Dear Crooms AoIT Alumni Association members and supports,

We are pleased to present our FY19 consolidated income and balance sheet to provide full transparency into how your financial support is used. The Association's fiscal year runs from July 1, 2018 to June 30, 2019. The Association uses cash accounting but a line has been entered to recognize scholarship commitments made in FY19 that were not paid out during the fiscal year. A summary of our activities can be found below:

  • The Association started the year with a fund balance of $3,176.96
  • Revenues of $3,844.55 were collected through memberships, donations, and other means.
  • Expenses of $3,364.07 were recognized. $3,250.00 of these expenses for were scholarships and grants. Overhead (largely from PayPal transaction fees and annual business registration fees) accounted for less than 3.5% of all expenses for the year.
  • An additional $750.00 remains to be disbursed for scholarships awarded during FY19.
  • Fund balance ended at $2,907.44, representing an 8.5% decline from the beginning of the year.

If you would like more details, we invite you review the attached spreadsheet which includes transaction level detail for the year. Donor information has been removed to protect the privacy of our donors. Do not hesitate to contact us if you should have any questions or concerns.

Thank you for your continued support.

New Gym Coming to Crooms AoIT

(SANFORD, FL) Crooms Academy of Information Technology (AOIT) will host a construction groundbreaking for their gymnasium replacement project on Thursday, August 8, 2019 at 9:30 a.m. at Crooms AOIT located at 2200 Historic Goldsboro Blvd., Sanford, FL, 32771. The focus of this construction groundbreaking is to showcase the new prototype gymnasium that will replace the existing gymnasium located on 13th Street in Sanford which was originally built in 1963.

The official construction period is Summer 2019 with the intended completion of April 2020. The construction budget is $5,500,000 which will cover the demolition of the existing gym, upgrades to the existing Central Energy Plant that serves the campus’ HVAC system, and the construction of the new gymnasium. The new gymnasium will be approximately 25,000 square feet which will include a competition gymnasium, bleacher area, dressing rooms, and other support spaces.

WHAT: Crooms AOIT Construction Groundbreaking

WHEN: Thursday, August 8, 2019 / 9:30 a.m.

WHERE: Crooms Academy of Information Technology
North Side of the Existing Gymnasium
2200 Historic Goldsboro Blvd.
Sanford, FL, 32771

Success at Business Professionals of America National Conference

Our Crooms AoIT Business Professionals of America team saw success at the National Conference this month. Some highlights include:

  • Mark B. placed 2nd in Digital Communications & Design Concepts
  • Mark B. placed in the top 10 in Digital Marketing Concepts
  • Ryan G. placed in the top 10 in Fundamental Spreadsheet Applications
  • Kyle B., Mark B., and Jessica A. placed in the top 10 in Web Design Team
  • Kyle B. and Alex Q. each received a BPA scholarship
  • Kyle B. won a BPA ambassador award
  • Kyle B. was elected to the National Officer Team as the BPA National Historian

Congratulations to our Crooms AoIT BPA team on all their success this year!

Crooms AoIT Alumni Association announces winners of two scholarships

The Crooms AoIT Alumni Association is proud to announce the winners of its two scholarships for the Class of 2019.

The Crooms AoIT Alumni Association Tech Innovation Scholarship worth $750 is being awarded to Alex Q. This year's field of Innovation Scholarship applicants was one of the strongest the Alumni Association has reviewed to date. The review committee was impressed by the quality of all of the applications. Alex's submission of "Particle Swarm Optimization of Machine Learning Ensembles" stood out for both being an example of emerging technologies of the 4th Industrial Revolution while also being elegant in the simplicity of its code base. Alex will be attending the Massachusetts Institute of Technology in the fall to study computer science.

The Crooms AoIT Alumni Association/Crooms AoIT Business Advisory Council Community Scholarship worth $750 is being awarded to Shiloh F. This year again marked a crowded field of applications for the Community scholarship, with each applicant showing how volunteerism and community service is important to them. Shiloh has been particularly active in the Sanford Youth Council and its initiative to raise awareness about human trafficking. Shiloh will be attending Florida State University.

The Crooms AoIT Alumni Association would like to thank this year’s applicants for their hard work and efforts, and we wish all of you – and, all of the graduates from the Class of 2019 - the best of luck in your future endeavors!

Alumni Association Provides $500 Grant to BPA Club for National Competition

The Crooms AoIT Alumni Association today announced it is providing a $500 grant to the Crooms AoIT Business Professionals of America club. The grant will support the club's travel costs for national competition in May. This year's national competition is in Anaheim, California. At a cost of $1,200/student, it will cost over $25,000 this year to send the qualifying BPA team to national competition.

Class of 2006 graduate Micheal Morgan described supporting the BPA club's efforts as a "worthy cause" as he recalled his high school experiences with BPA national competition yet how financially difficult it can also be for some students to make the trip. Fellow Class of 2006 graduate, Frank C. Bracco, noted, "While our grant represents only a small portion of the club's costs, we do hope it makes a difference and encourages others to support BPA in the future."

The Crooms AoIT Alumni Association's grant is funded completely by member donations. The Alumni Association has set up a special PayPal donation page for those that wish to earmark funds to support the BPA club in their efforts. You can visit that page at: https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=L7Q...


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