Civic Intelligence

East Academy Inc.

990 • Fiscal year 2021 • EIN 46-2535566

Jul 01, 2020 to Jun 30, 2021 • Filed on May 11, 2022

Organization ProfileWWW.THE-ACADEMIES.COM
15720 Kipling AvenueCleveland, OH 44110

(216) 383-1214

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

2.95x

Higher debt load relative to assets than 99% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

83rd percentile

0.70x

Higher debt load relative to revenue than 83% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

36th percentile

5.0%

Higher net margin than 36% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$780

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

7th percentile

-12%

Faster asset growth than 7% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

59th percentile

21%

Faster revenue growth than 59% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$833,848

Down $109,615 (-12%) from 2020

Net Assets

Up

-$1,629,697

Up $177,474 (+9.8%) from 2020

Liabilities

Down

$2,463,545

Down $287,089 (-10%) from 2020

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin36th percentile

Revenue

Up

$3,522,348

Up $603,007 (+21%) from 2020

Expenses

Up

$3,344,874

Up $512,772 (+18%) from 2020

Net Income

Up

$177,474

Up $90,235 (+103%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$2.0M$0-$2.0MAssets 2014: $208,341Liabilities 2014: $167,413Net Assets 2014: $40,9282014Assets 2015: $2,875,197Liabilities 2015: $3,184,225Net Assets 2015: -$309,0282015Assets 2016: $3,041,123Liabilities 2016: $3,381,922Net Assets 2016: -$340,7992016Assets 2017: $1,905,678Liabilities 2017: $3,356,854Net Assets 2017: -$1,451,1762017Assets 2018: $1,439,165Liabilities 2018: $3,050,712Net Assets 2018: -$1,611,5472018Assets 2019: $950,983Liabilities 2019: $2,845,393Net Assets 2019: -$1,894,4102019Assets 2020: $943,463Liabilities 2020: $2,750,634Net Assets 2020: -$1,807,1712020Assets 2021: $833,848Liabilities 2021: $2,463,545Net Assets 2021: -$1,629,6972021Assets 2022: $1,075,576Liabilities 2022: $2,499,552Net Assets 2022: -$1,423,9762022Assets 2023: $1,076,277Liabilities 2023: $2,465,541Net Assets 2023: -$1,389,2642023Assets 2024: $1,456,592Liabilities 2024: $2,766,268Net Assets 2024: -$1,309,6762024

Highlighted filing

2021

Assets$833,848
Liabilities$2,463,545
Net Assets-$1,629,697
Open 2021 Filing

Operations Trend

Revenue Growth59th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $3,121,521Expenses 2014: $3,080,593Net Income 2014: $40,9282014Revenue 2015: $3,127,429Expenses 2015: $3,578,780Net Income 2015: -$451,3512015Revenue 2016: $2,459,586Expenses 2016: $2,491,357Net Income 2016: -$31,7712016Revenue 2017: $2,950,666Expenses 2017: $3,430,837Net Income 2017: -$480,1712017Revenue 2018: $2,900,911Expenses 2018: $2,619,005Net Income 2018: $281,9062018Revenue 2019: $3,259,614Expenses 2019: $3,542,477Net Income 2019: -$282,8632019Revenue 2020: $2,919,341Expenses 2020: $2,832,102Net Income 2020: $87,2392020Revenue 2021: $3,522,348Expenses 2021: $3,344,874Net Income 2021: $177,4742021Revenue 2022: $3,466,351Expenses 2022: $3,260,630Net Income 2022: $205,7212022Revenue 2023: $4,667,725Expenses 2023: $4,633,013Net Income 2023: $34,7122023Revenue 2024: $4,828,248Expenses 2024: $4,748,660Net Income 2024: $79,5882024

Highlighted filing

2021

Revenue$3,522,348
Expenses$3,344,874
Net Income$177,474
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 11, 2022
Return Version
2020v4.2
Gross Receipts
$3,522,348
Mission and Program Overview

Mission

"it is our mission to provide an effective, consistent, and academically rigorous education in a safe, disciplined, and nurturing environment. We will empower students to reach their fullest potential by implementing a comprehensive curriculum facilitated by a highly effective educators in collaboration with families in the community, and supported by progressive technology."

To provide a high quality alternative education opportunity for children ages 5-14, grades k-8

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$715,657$563,342▼ $152,315
Pledges and Grants Receivable$13,156$116,771▲ $103,615
Cash and Non-Interest-Bearing Accounts$97,604$49,533▼ $48,071
Total Assets$943,463$833,848▼ $109,615
Other Assets Total$117,046$104,202▼ $12,844
Liabilities
Other Liabilities$1,899,626$1,768,266▼ $131,360
Deferred Revenue$830,020$576,390▼ $253,630
Accounts Payable and Accrued Expenses$5,332$118,889▲ $113,557
Grants Payable$15,656--
Total Liabilities$2,750,634$2,463,545▼ $287,089
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,807,171$-1,629,697▲ $177,474
Total Net Assets Fund Balance$-1,807,171$-1,629,697▲ $177,474
Total Liabilities and Net Assets / Fund Balance$943,463$833,848▼ $109,615

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$104,202--
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleBaseTotal
Carl FreyVice President$780$780
Scott NorcrossTreasurer$780$780
David FlorezDirector$655$655

Board Members and Trustees

NameTitle
David ShepherdPresident
Jeffrey a Foster CPAFiscal Officer
Karl SooySecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Accel Schools Ohio LLCEducational Management4700 ROCKSIDE RD, Independence, OH 44131$3,435,958
Revenue and Support

Revenue Composition

Contributions and Grants
$3,521,783
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$565
Change in Net Assets
$177,474

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,522,348
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,522,348
Total Revenue per Form 990
$3,522,348
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,565,361
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0
Salaries, Compensation, and Employee Benefits$-220,487

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$3,435,958--$3,435,958
Office Expenses-$52,343-$52,343
Other Expenses-$5,107-$5,107
Pension Plan Contributions$-220,487--$-220,487
Total Functional Expenses$3,215,471$129,403$0$3,344,874

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,344,874
Total Expenses per Audited Statements$3,344,874
Total Expenses per Form 990$3,344,874
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension$1,768,266
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The school contracts with accel schools ohio, llc for most of its functions. Accel schools ohio, llc is responsible and accountable to the school's board of directors for the administration and operation of the school. The school is required to pay accel schools ohio, llc a continuing fee of 94.8 percent of the school's qualified gross revenues for up to the first 309 students and 96 percent of the qualified gross revenues for the 310th student and any additional students. Accel schools ohio, llc is responsible for all costs incurred in providing the educational program at the school. While control over the management duties of the school has been delegated to accel schools ohio, llc by virtue of the management agreement, the governing authority still has the overall responsibilty to oversee the accounting procedures.”

Form 990, Part VI, Section B, Line 11B

“A copy of the completed form 990 is sent to the board president and school treasurer to be reviewed before filing.”

Form 990, Part VI, Section B, Line 12C

“The governing authority reviews the conflict of interest policy annually.”

Form 990, Part VI, Section C, Line 19

“Upon written or verbal request, documents are made available to the public. However, for the end of the year unaudited financials, a public notice is placed in the local papers stating that the unaudited financials are available for review.”

Filing and Contact Details

Filer

Filer Name
East Academy
EIN
46-2535566
Phone
2163831214
Address
15720 KIPLING AVENUE, CLEVELAND, OH 44110

Signing Officer

Name
Stephanie Ataya
Title
Fiscal Officer
Phone
2163831214
Signed
2022-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Shepherd
Formed
2013
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
2

Preparer

Firm
Marcum Llp
Address
3320 WEST MARKET STREET STE 300, FAIRLAWN, OH 44333
Preparer
Jeffrey a Foster CPA
Phone
3305648500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organiation does have a committee that assumes oversight responsibility of the audit, review of its financial statements, and selection of an independent accountant. This is the policy put in place since inception.”

Raw XML Appendix359 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt05332
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0118889
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE A HIGH QUALITY ALTERNATIVE EDUCATION OPPORTUNITY FOR CHILDREN AGES 5-14, GRADES K-8
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0JEFFREY A FOSTER CPA
IRS990/BooksInCareOfDetail/PhoneNum03305648520
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03320 W MARKET STREET SUITE 300
IRS990/BooksInCareOfDetail/USAddress/CityNm0FAIRLAWN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
IRS990/BooksInCareOfDetail/USAddress/ZIPCd044333
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt097604
IRS990/CashNonInterestBearingGrp/EOYAmt049533
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt03435958
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt04700 ROCKSIDE RD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0INDEPENDENCE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0OH
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd044131
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0ACCEL SCHOOLS OHIO LLC
IRS990/ContractorCompensationGrp/ServicesDesc0EDUCATIONAL MANAGEMENT
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt03521783
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt03565361
IRS990/CYOtherRevenueAmt0565
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0177474
IRS990/CYSalariesCompEmpBnftPaidAmt0-220487
IRS990/CYTotalExpensesAmt03344874
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03522348
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0830020
IRS990/DeferredRevenueGrp/EOYAmt0576390
IRS990/DelegationOfMgmtDutiesInd01
IRS990/Desc0PROVIDED EDUCATIONAL SERVICES TO 298 STUDENTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt03215471
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt03435958
IRS990/FeesForServicesManagementGrp/TotalAmt03435958
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0DAVID SHEPHERD
IRS990/Form990PartVIISectionAGrp/PersonNm1CARL FREY
IRS990/Form990PartVIISectionAGrp/PersonNm2SCOTT NORCROSS
IRS990/Form990PartVIISectionAGrp/PersonNm3KARL SOOY
IRS990/Form990PartVIISectionAGrp/PersonNm4DAVID FLOREZ
IRS990/Form990PartVIISectionAGrp/PersonNm5JEFFREY A FOSTER CPA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1780
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2780
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4655
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5FISCAL OFFICER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt03521783
IRS990/GrantsPayableGrp/BOYAmt015656
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03522348
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0OH
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0"IT IS OUR MISSION TO PROVIDE AN EFFECTIVE, CONSISTENT, AND ACADEMICALLY RIGOROUS EDUCATION IN A SAFE, DISCIPLINED, AND NURTURING ENVIRONMENT. WE WILL EMPOWER STUDENTS TO REACH THEIR FULLEST POTENTIAL BY IMPLEMENTING A COMPREHENSIVE CURRICULUM FACILITATED BY HIGHLY EFFECTIVE EDUCATORS IN COLLABORATION WITH FAMILIES IN THE COMMUNITY, AND SUPPORTED BY PROGRESSIVE TECHNOLOGY."
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-1807171
IRS990/NetAssetsOrFundBalancesEOYAmt0-1629697
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1807171
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1629697
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt052343
IRS990/OfficeExpensesGrp/TotalAmt052343
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0117046
IRS990/OtherAssetsTotalGrp/EOYAmt0104202
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SPONSORSHIP FEES
IRS990/OtherExpensesGrp/Desc1BOARD OF EDUCATION
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt071953
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15107
IRS990/OtherExpensesGrp/TotalAmt071953
IRS990/OtherExpensesGrp/TotalAmt15107
IRS990/OtherLiabilitiesGrp/BOYAmt01899626
IRS990/OtherLiabilitiesGrp/EOYAmt01768266
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0565
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0565
IRS990/OtherRevenueTotalAmt0565
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0-220487
IRS990/PensionPlanContributionsGrp/TotalAmt0-220487
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt013156
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0116771
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0715657
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0563342
IRS990/PrincipalOfficerNm0DAVID SHEPHERD
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02919291
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02932864
IRS990/PYOtherRevenueAmt050
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt087239
IRS990/PYSalariesCompEmpBnftPaidAmt0-100762
IRS990/PYTotalExpensesAmt02832102
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02919341
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0177474
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0565
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03344874
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0104202
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER RECEIVABLES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01768266
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03522348
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0104202
IRS990ScheduleD/TotalExpensesPerForm990Amt03344874
IRS990ScheduleD/TotalLiabilityAmt01768266
IRS990ScheduleD/TotalRevenuePerForm990Amt03522348
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03522348
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03344874
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0A STATEMENT READING "ALL EDUCATIONAL PROGRAMS ARE AVAILABLE WITHOUT REGARD TO RACE, COLOR, NATIONAL ORIGIN, SEX OR DISABILITY" IS ALWAYS INCLUDED. THIS STATEMENT IS PUBLISHED IN THE PARENT/STUDENT HANDBOOK, BOARD POLICY BOOK AND ON THE WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT PROVIDE SCHOLARSHIPS OR FINANCIAL ASSISTANCE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL CURRENTLY PARTICIPATES IN THE STATE FOUNDATION PROGRAM. REVENUES RECEIVED FROM THIS PROGRAM ARE RECOGNIZED AS OPERATING REVENUES IN THE ACCOUNTING PERIOD IN WHICH ALL ELIGIBILITY REQUIREMENTS HAVE BEEN MET. THE SCHOOL ALSO PARTICIPATES IN THE FEDERAL CHARTER SCHOOL GRANT PROGRAM THROUGH THE OHIO DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL CONTRACTS WITH ACCEL SCHOOLS OHIO, LLC FOR MOST OF ITS FUNCTIONS. ACCEL SCHOOLS OHIO, LLC IS RESPONSIBLE AND ACCOUNTABLE TO THE SCHOOL'S BOARD OF DIRECTORS FOR THE ADMINISTRATION AND OPERATION OF THE SCHOOL. THE SCHOOL IS REQUIRED TO PAY ACCEL SCHOOLS OHIO, LLC A CONTINUING FEE OF 94.8 PERCENT OF THE SCHOOL'S QUALIFIED GROSS REVENUES FOR UP TO THE FIRST 309 STUDENTS AND 96 PERCENT OF THE QUALIFIED GROSS REVENUES FOR THE 310TH STUDENT AND ANY ADDITIONAL STUDENTS. ACCEL SCHOOLS OHIO, LLC IS RESPONSIBLE FOR ALL COSTS INCURRED IN PROVIDING THE EDUCATIONAL PROGRAM AT THE SCHOOL. WHILE CONTROL OVER THE MANAGEMENT DUTIES OF THE SCHOOL HAS BEEN DELEGATED TO ACCEL SCHOOLS OHIO, LLC BY VIRTUE OF THE MANAGEMENT AGREEMENT, THE GOVERNING AUTHORITY STILL HAS THE OVERALL RESPONSIBILTY TO OVERSEE THE ACCOUNTING PROCEDURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE COMPLETED FORM 990 IS SENT TO THE BOARD PRESIDENT AND SCHOOL TREASURER TO BE REVIEWED BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING AUTHORITY REVIEWS THE CONFLICT OF INTEREST POLICY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON WRITTEN OR VERBAL REQUEST, DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC. HOWEVER, FOR THE END OF THE YEAR UNAUDITED FINANCIALS, A PUBLIC NOTICE IS PLACED IN THE LOCAL PAPERS STATING THAT THE UNAUDITED FINANCIALS ARE AVAILABLE FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIATION DOES HAVE A COMMITTEE THAT ASSUMES OVERSIGHT RESPONSIBILITY OF THE AUDIT, REVIEW OF ITS FINANCIAL STATEMENTS, AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS IS THE POLICY PUT IN PLACE SINCE INCEPTION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0943463
IRS990/TotalAssetsEOYAmt0833848
IRS990/TotalAssetsGrp/BOYAmt0943463
IRS990/TotalAssetsGrp/EOYAmt0833848
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03521783
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0129403
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03215471
IRS990/TotalFunctionalExpensesGrp/TotalAmt03344874
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02750634
IRS990/TotalLiabilitiesEOYAmt02463545
IRS990/TotalLiabilitiesGrp/BOYAmt02750634
IRS990/TotalLiabilitiesGrp/EOYAmt02463545
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1807171
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1629697
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03215471
IRS990/TotalReportableCompFromOrgAmt02215
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0565
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03522348
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0943463
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0833848
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt015720 KIPLING AVENUE
IRS990/USAddress/CityNm0CLEVELAND
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044110
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.THE-ACADEMIES.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHANIE ATAYA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FISCAL OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum02163831214
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EAST ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0EAST
ReturnHeader/Filer/EIN0462535566
ReturnHeader/Filer/PhoneNum02163831214
ReturnHeader/Filer/USAddress/AddressLine1Txt015720 KIPLING AVENUE
ReturnHeader/Filer/USAddress/CityNm0CLEVELAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044110
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0111986323
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARCUM LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03320 WEST MARKET STREET STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FAIRLAWN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd044333
ReturnHeader/PreparerPersonGrp/PhoneNum03305648500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY A FOSTER CPA
ReturnHeader/ReturnTs02022-05-12T08:15:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEPHANIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ATAYA
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$833,848
Liabilities
$2,463,545
Net assets
-$1,629,697
Revenue
$3,522,348
Expenses
$3,344,874
Net income
$177,474
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.46$2.77$1.31$4.83$4.75$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.08$2.47$1.39$4.67$4.63$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.08$2.50$1.42$3.47$3.26$0.21
2021Detailed filing. Detailed filing data is available for this year.$0.83$2.46$1.63$3.52$3.34$0.18
2020Detailed filing. Detailed filing data is available for this year.$0.94$2.75$1.81$2.92$2.83$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.95$2.85$1.89$3.26$3.54$0.28
2018Detailed filing. Detailed filing data is available for this year.$1.44$3.05$1.61$2.90$2.62$0.28
2017Detailed filing. Detailed filing data is available for this year.$1.91$3.36$1.45$2.95$3.43$0.48
2016Detailed filing. Detailed filing data is available for this year.$3.04$3.38$0.34$2.46$2.49$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.88$3.18$0.31$3.13$3.58$0.45
2014Summary only. Only limited summary data is available for this year.$0.21$0.17$0.04$3.12$3.08$0.04