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ACADEMY ELECTRIC, INC. - Florida Company Profile

Company Details

Entity Name: ACADEMY ELECTRIC, INC.
Jurisdiction: FLORIDA
Filing Type: Domestic Profit

ACADEMY ELECTRIC, INC. is structured as a Domestic Profit Corporation, which, in Florida signifies a Profit Corporation (also known as a C-Corporation). This business structure is recognized as a separate legal entity from its owners. This offers shareholders the benefit of limited liability protection, safeguarding their personal assets from the corporation's debts and obligations, and facilitates raising capital through the issuance of stock. In Florida, Domestic Profit Corporations are governed by Title XXXVI, Chapter 607, Florida Statutes – Florida Business Corporation Act.

Status: Inactive

The business entity is inactive. This status may signal operational issues or voluntary closure, raising concerns about the business's ability to repay loans and requiring careful risk assessment by lenders.

Date Filed: 29 Oct 2007 (17 years ago)
Date of dissolution: 26 Sep 2008 (16 years ago)
Last Event: ADMIN DISSOLUTION FOR ANNUAL REPORT
Event Date Filed: 26 Sep 2008 (16 years ago)
Document Number: P07000118458
Address: 6519 NW 9TH STREET, MARGATE, FL, 33063
Mail Address: 6519 NW 9TH STREET, MARGATE, FL, 33063
ZIP code: 33063
County: Broward
Place of Formation: FLORIDA

form 5500

Plan Name Plan Year EIN/PN Received Sponsor Total number of participants
ACADEMY ELECTRIC, INC. 401(K) PROFIT SHARING PLAN 2023 650346969 2024-10-15 ACADEMY ELECTRIC, INC. 23
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2018-01-01
Business code 238210
Sponsor’s telephone number 9549739693
Plan sponsor’s address 1777 BLOUNT ROAD #510, POMPANO BEACH, FL, 33069
ACADEMY ELECTRIC, INC. 401(K) PROFIT SHARING PLAN 2022 650346969 2023-08-22 ACADEMY ELECTRIC, INC. 24
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2018-01-01
Business code 238210
Sponsor’s telephone number 9549739693
Plan sponsor’s address 1777 BLOUNT ROAD #510, POMPANO BEACH, FL, 33069
ACADEMY ELECTRIC, INC. 401(K) PROFIT SHARING PLAN 2021 650346969 2022-06-13 ACADEMY ELECTRIC, INC. 17
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2018-01-01
Business code 238210
Sponsor’s telephone number 9549739693
Plan sponsor’s address 1777 BLOUNT ROAD #510, POMPANO BEACH, FL, 33069
ACADEMY ELECTRIC, INC. 401(K) PROFIT SHARING PLAN 2020 650346969 2021-03-01 ACADEMY ELECTRIC, INC. 19
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2018-01-01
Business code 238210
Sponsor’s telephone number 9549739693
Plan sponsor’s address 1777 BLOUNT ROAD #510, POMPANO BEACH, FL, 33069
ACADEMY ELECTRIC, INC. 401(K) PROFIT SHARING PLAN 2019 650346969 2020-04-03 ACADEMY ELECTRIC, INC. 12
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2018-01-01
Business code 238210
Sponsor’s telephone number 9549739693
Plan sponsor’s address 1777 BLOUNT ROAD #510, POMPANO BEACH, FL, 33069
ACADEMY ELECTRIC, INC. 401(K) PROFIT SHARING PLAN 2018 650346969 2019-06-15 ACADEMY ELECTRIC, INC. 6
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2018-01-01
Business code 238210
Sponsor’s telephone number 9549739693
Plan sponsor’s address 1777 BLOUNT ROAD #510, POMPANO BEACH, FL, 33069

Key Officers & Management

Name Role Address
MORALES REINALDO J President 6519 NW 9TH STREET, MARGATE, FL, 33063
SEROTA BOBBY Director 5237 BOLERO CIRCLE, DELRAY BEACH, FL, 33484
MORALES REINALDO J Agent 6519 NW 9TH STREET, MARGATE, FL, 33063

Events

Event Type Filed Date Value Description
ADMIN DISSOLUTION FOR ANNUAL REPORT 2008-09-26 - -

Documents

Name Date
Domestic Profit 2007-10-29

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
7860958104 2020-07-24 0455 PPP 1777 BLOUNT ROAD SUITE 510, POMPANO BEACH, FL, 33069-5104
Loan Status Date 2021-05-12
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 139158
Loan Approval Amount (current) 139158
Undisbursed Amount 0
Franchise Name -
Lender Location ID 12096
Servicing Lender Name Wells Fargo Bank, National Association
Servicing Lender Address 101 N Philips Ave, SIOUX FALLS, SD, 57104-6738
Rural or Urban Indicator U
Hubzone Y
LMI Y
Business Age Description Existing or more than 2 years old
Project Address POMPANO BEACH, BROWARD, FL, 33069-5104
Project Congressional District FL-23
Number of Employees 15
NAICS code 238210
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 12096
Originating Lender Name Wells Fargo Bank, National Association
Originating Lender Address SIOUX FALLS, SD
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 140183.58
Forgiveness Paid Date 2021-04-23

Date of last update: 02 Mar 2025

Sources: Florida Department of State