Civic Intelligence

The Educator Academy Inc

990 • Fiscal year 2023 • EIN 47-5135488

Jul 01, 2022 to Jun 30, 2023 • Filed on May 08, 2024

Organization ProfileEDUCATOR-ACADEMY.ORG

View Organization Page

1712 Main StKansas City, MO 64108

(816) 298-5660

Siviq Scores

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

Liabilities / Assets

40th percentile

0.07x

Higher debt load relative to assets than 40% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

28th percentile

0.06x

Higher debt load relative to revenue than 28% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

93rd percentile

60%

Higher net margin than 93% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

56th percentile

$139,508

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

99th percentile

324%

Faster asset growth than 99% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

94th percentile

128%

Faster revenue growth than 94% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets40th percentile

Assets

Up

$8,012,710

Up $6,120,721 (+324%) from 2022

Net Assets

Up

$7,443,251

Up $5,662,635 (+318%) from 2022

Liabilities

Up

$569,459

Up $458,086 (+411%) from 2022

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin93rd percentile

Revenue

Up

$9,473,412

Up $5,321,145 (+128%) from 2022

Expenses

Down

$3,810,777

Down $170,578 (-4.3%) from 2022

Net Income

Up

$5,662,635

Up $5,491,723 (+3213%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$10M$5.0M$0Assets 2016: $462,738Liabilities 2016: $18,689Net Assets 2016: $444,0492016Assets 2017: $801,611Liabilities 2017: $68,690Net Assets 2017: $732,9212017Assets 2018: $1,134,921Liabilities 2018: $36,011Net Assets 2018: $1,098,9102018Assets 2019: $1,235,543Liabilities 2019: $25,171Net Assets 2019: $1,210,3722019Assets 2020: $1,453,233Liabilities 2020: $230,329Net Assets 2020: $1,222,9042020Assets 2021: $1,678,100Liabilities 2021: $68,396Net Assets 2021: $1,609,7042021Assets 2022: $1,891,989Liabilities 2022: $111,373Net Assets 2022: $1,780,6162022Assets 2023: $8,012,710Liabilities 2023: $569,459Net Assets 2023: $7,443,2512023Assets 2024: $8,100,377Liabilities 2024: $502,541Net Assets 2024: $7,597,8362024Assets 2025: $7,098,544Liabilities 2025: $376,586Net Assets 2025: $6,721,9582025

Highlighted filing

2023

Assets$8,012,710
Liabilities$569,459
Net Assets$7,443,251
Open 2023 Filing

Operations Trend

Revenue Growth94th percentile

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

$10M$5.0M$0-$5.0MRevenue 2016: $596,682Expenses 2016: $152,633Net Income 2016: $444,0492016Revenue 2017: $2,908,456Expenses 2017: $2,619,945Net Income 2017: $288,5112017Revenue 2018: $2,928,202Expenses 2018: $2,562,213Net Income 2018: $365,9892018Revenue 2019: $3,599,005Expenses 2019: $3,487,543Net Income 2019: $111,4622019Revenue 2020: $2,920,461Expenses 2020: $2,907,929Net Income 2020: $12,5322020Revenue 2021: $3,208,187Expenses 2021: $2,821,387Net Income 2021: $386,8002021Revenue 2022: $4,152,267Expenses 2022: $3,981,355Net Income 2022: $170,9122022Revenue 2023: $9,473,412Expenses 2023: $3,810,777Net Income 2023: $5,662,6352023Revenue 2024: $3,323,729Expenses 2024: $3,242,007Net Income 2024: $81,7222024Revenue 2025: $2,701,057Expenses 2025: $3,863,831Net Income 2025: -$1,162,7742025

Highlighted filing

2023

Revenue$9,473,412
Expenses$3,810,777
Net Income$5,662,635
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 8, 2024
Return Version
2022v5.0
Gross Receipts
$9,473,412
Mission and Program Overview

Mission

We recruit, cultivate, support, and retain a diverse network of empowered and effective educators. We prepare teachers to create transformative and equitable classroom experiences for all students in the communities we serve.

Recruit, develop, place, and retain individuals working in high need urban schools in kc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$10,291$5,401,029▲ $5,390,738
Cash and Non-Interest-Bearing Accounts$1,185,041$1,307,074▲ $122,033
Pledges and Grants Receivable$522,505$567,543▲ $45,038
Accounts Receivable$42,512$137,620▲ $95,108
Prepaid Expenses and Deferred Charges$60,944$79,005▲ $18,061
Land, Buildings, and Equipment, Net$5,588$2,806▼ $2,782
Total Assets$1,891,989$8,012,710▲ $6,120,721
Other Assets Total$65,108$517,633▲ $452,525
Liabilities
Other Liabilities$1,725$468,658▲ $466,933
Deferred Revenue$0$59,184▲ $59,184
Accounts Payable and Accrued Expenses$109,648$41,617▼ $68,031
Total Liabilities$111,373$569,459▲ $458,086
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$841,429$6,893,281▲ $6,051,852
Net Assets With Donor Restrictions$939,187$549,970▼ $389,217
Total Net Assets Fund Balance$1,780,616$7,443,251▲ $5,662,635
Total Liabilities and Net Assets / Fund Balance$1,891,989$8,012,710▲ $6,120,721

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$0$16,086$16,086
Other Land Buildings$2,806$7,022$9,828
Other Assets Org$61,523--
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charles KingExecutive DirectorFT$118,105$21,403$139,508

Board Members and Trustees

NameTitle
Michael RoaneChairman
Beth AllenVice-chairman
Andrea LopezDirector
Chase BarnesDirector
Michael RalphDirector
Nancy McculloughDirector
Renee LawrenceDirector
Julie PineSecretary
Jamie RiceTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$8,826,785
Program Service Revenue
$510,056
Investment Income
$84,801
Other Revenue
$51,770
All Other Contributions
$7,595,243
Change in Net Assets
$5,662,635

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,473,412
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$9,473,412
Total Revenue per Form 990
$9,473,412
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,623,620
Other Expenses$1,021,636
Total Fundraising Expense$260,086
Grants and Similar Amounts Paid$165,521
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,878,330$64,318$135,639$2,078,287
Occupancy$166,228$59,070$14,200$239,498
Other Employee Benefits$182,165$8,162$15,400$205,727
Payroll Taxes$152,111$7,838$13,216$173,165
Grants to Domestic Individuals$165,521--$165,521
Current Officers, Directors, Trustees, and Key Employees$56,661$42,496$42,496$141,653
Conferences and Meetings$74,145$34,206$9,033$117,384
Fees for Services Accounting-$99,054-$99,054
Office Expenses$64,404$21,242$2,683$88,329
Advertising$50,309-$17,047$67,356
Other Expenses$47,864$6,523-$54,387
Information Technology$34,540$10,442$2,351$47,333
Fees for Services Other-$41,832-$41,832
Fees for Services Legal-$36,736-$36,736
Travel$27,796$2,098$2,838$32,732
Insurance$26,517$1,865$2,265$30,647
Pension Plan Contributions$20,788$1,288$2,712$24,788
Depreciation Depletion$2,407$169$206$2,782
Total Functional Expenses$3,113,352$437,339$260,086$3,810,777

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,810,777
Total Expenses per Audited Statements$3,810,777
Total Expenses per Form 990$3,810,777
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
Lease Liability$468,658
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

“The articles of incorporation were amended during the year to change the organization's name from kansas city teacher residency, inc. To the educator academy, inc.”

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

“Form 990 is first reviewed by charles king, executive director, and beth allen, vice-chariman. The 990 is then sent to the full board for review and approval and any board member questions are discussed via email or during board meetings.”

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

“Educator academy enforces compliance with the conflict of interest policy by having all employees and board members complete a conflict of interest form for them and their families, along with embedding the policy in the employee handbook where it is signed annually.”

Form 990, Part VI, Section B, Line 15A

“Compensation is determined based on a thorough compensation study done by an external consultant. The board and executive director then determine a compensation philosophy to enable ea to attract high quality talent to help them reach the goals that have been set by the organization and that contribute to the mission of the organization. Using those two pieces of information, the executive director recommends current salaries and the board approves.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Educator Academy
EIN
47-5135488
Phone
8162985660
Address
1712 MAIN ST, KANSAS CITY, MO 64108

Signing Officer

Name
Charles King
Title
Executive Director
Phone
8162985660
Signed
2024-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles King
Formed
2015
Legal Domicile
Mo
Voting Board Members
9
Independent Board Members
9
Employees
93
Volunteers
18

Preparer

Firm
Cbiz Mhm LLC
Address
700 WEST 47TH STREET SUITE 1100, KANSAS CITY, MO 64112
Preparer
Lisa Burke
Phone
8169455500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1:

“The organization's financial statements have been prepared on the modified cash basis of accounting, which differs from accounting principles generally accepted in the united states of america. Under this method of accounting, resident agreement and scholarship payments are reflected as an expense on the statements of activities and changes in net assets - modified cash basis and the statements of functional expenses - modified cash basis in the year the payment is made to the resident and the scholar. All other elements of the financial statements are maintained on an accrual basis of accounting in accordance with accounting principles generally accepted in the united states of america.”

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code and exempt from state income taxes under the laws of the state of missouri. The organization has adopted the standards requiring disclosure of uncertain tax positions under accounting standards codification ("asc") 740, "income taxes." there has not been any interest or penalties recognized either in the statements of activities and changes in net assets or in the statements of financial position related to uncertain tax positions. In addition, the organization did not identify any material uncertain tax positions at june 30, 2023 or 2022.”

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

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IRS990/Desc0THE EDUCATOR ACADEMY RECRUITS, PREPARES, PLACES, AND RETAINS PASSIONATE INDIVIDUALS TO JOIN THE TEACHING PROFESSION. WE STRIVE TO DEVELOP THESE TEACHERS INTO EFFECTIVE, COMPASSIONATE, AND ANTIRACIST EDUCATORS WHO WORK TO ENSURE KIDS RECEIVE A QUALITY EDUCATION. WE DO THIS THROUGH A TEACHER RESIDENCY MODEL, WHICH ALLOWS RESIDENTS TO HONE THEIR TEACHING SKILLS BY SERVING AS AMERICORPS MEMBERS IN MENTOR TEACHERS' CLASSROOMS FOR A FULL SCHOOL YEAR. RESIDENTS EARN THEIR TEACHING CERTIFICATION, RECEIVE INSTRUCTIONAL COACHING, ENGAGE IN COURSEWORK, AND PARTICIPATE IN AND BENEFIT FROM THEIR AMERICORPS MEMBERSHIP. THIS RIGOROUS DEVELOPMENT MODEL HELPS OUR RESIDENT TEACHERS BECOME THE EDUCATORS THE STUDENTS OF KANSAS CITY DESERVE.
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IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt05588
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02806
IRS990/LandBldgEquipCostOrOtherBssAmt025914
IRS990/LegalDomicileStateCd0MO
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt04115
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt04115
IRS990/MissionDesc0WE RECRUIT, CULTIVATE, SUPPORT, AND RETAIN A DIVERSE NETWORK OF EMPOWERED AND EFFECTIVE EDUCATORS. WE PREPARE TEACHERS TO CREATE TRANSFORMATIVE AND EQUITABLE CLASSROOM EXPERIENCES FOR ALL STUDENTS IN THE COMMUNITIES WE SERVE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NameChangeInd0X
IRS990/NetAssetsOrFundBalancesBOYAmt01780616
IRS990/NetAssetsOrFundBalancesEOYAmt07443251
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt047655
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt047655
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0841429
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06893281
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt014200
IRS990/OccupancyGrp/ManagementAndGeneralAmt059070
IRS990/OccupancyGrp/ProgramServicesAmt0166228
IRS990/OccupancyGrp/TotalAmt0239498
IRS990/OfficeExpensesGrp/FundraisingAmt02683
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt021242
IRS990/OfficeExpensesGrp/ProgramServicesAmt064404
IRS990/OfficeExpensesGrp/TotalAmt088329
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt065108
IRS990/OtherAssetsTotalGrp/EOYAmt0517633
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt015400
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08162
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0182165
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0205727
IRS990/OtherExpensesGrp/Desc0FACULTY & CURRICULUM
IRS990/OtherExpensesGrp/Desc1TRAINING & DEVELOPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06523
IRS990/OtherExpensesGrp/ProgramServicesAmt0163566
IRS990/OtherExpensesGrp/ProgramServicesAmt147864
IRS990/OtherExpensesGrp/TotalAmt0163566
IRS990/OtherExpensesGrp/TotalAmt154387
IRS990/OtherLiabilitiesGrp/BOYAmt01725
IRS990/OtherLiabilitiesGrp/EOYAmt0468658
IRS990/OtherRevenueTotalAmt04115
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0135639
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt064318
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01878330
IRS990/OtherSalariesAndWagesGrp/TotalAmt02078287
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt013216
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07838
IRS990/PayrollTaxesGrp/ProgramServicesAmt0152111
IRS990/PayrollTaxesGrp/TotalAmt0173165
IRS990/PensionPlanContributionsGrp/FundraisingAmt02712
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01288
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt020788
IRS990/PensionPlanContributionsGrp/TotalAmt024788
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0522505
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0567543
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt060944
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt079005
IRS990/PrincipalOfficerNm0CHARLES KING
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611430
IRS990/ProgramServiceRevenueGrp/Desc0DISTRICT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0510056
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0510056
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03469009
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-6119
IRS990/PYOtherExpensesAmt02204994
IRS990/PYOtherRevenueAmt03854
IRS990/PYProgramServiceRevenueAmt0685523
IRS990/PYRevenuesLessExpensesAmt0170912
IRS990/PYSalariesCompEmpBnftPaidAmt01776361
IRS990/PYTotalExpensesAmt03981355
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04152267
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt05662635
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt047655
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0510056
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010291
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05401029
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt08826785
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03469009
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02723939
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02436925
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03127540
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt020584198
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0132456
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0615
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0651
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt077
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt050
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0133849
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02619548
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt03854
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt017659
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0374
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0584
IRS990ScheduleA/OtherIncome170Grp/TotalAmt022471
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.69610
IRS990ScheduleA/PublicSupportPY170Pct00.44390
IRS990ScheduleA/PublicSupportTotal170Amt014437877
IRS990ScheduleA/SubstantialContributorsTotAmt06146321
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt08826785
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03469009
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02723939
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02436925
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03127540
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt020584198
IRS990ScheduleA/TotalSupportAmt020740518
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03810777
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt016086
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt016086
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0456110
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt161523
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT OF USE ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02806
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07022
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09828
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0468658
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt09473412
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND EXEMPT FROM STATE INCOME TAXES UNDER THE LAWS OF THE STATE OF MISSOURI. THE ORGANIZATION HAS ADOPTED THE STANDARDS REQUIRING DISCLOSURE OF UNCERTAIN TAX POSITIONS UNDER ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, "INCOME TAXES." THERE HAS NOT BEEN ANY INTEREST OR PENALTIES RECOGNIZED EITHER IN THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS OR IN THE STATEMENTS OF FINANCIAL POSITION RELATED TO UNCERTAIN TAX POSITIONS. IN ADDITION, THE ORGANIZATION DID NOT IDENTIFY ANY MATERIAL UNCERTAIN TAX POSITIONS AT JUNE 30, 2023 OR 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02806
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0517633
IRS990ScheduleD/TotalExpensesPerForm990Amt03810777
IRS990ScheduleD/TotalLiabilityAmt0468658
IRS990ScheduleD/TotalRevenuePerForm990Amt09473412
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09473412
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03810777
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0137873
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt127648
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0BLACK EDUCATOR INITIATIVE SUPPORT PAYMENTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1LICENSING, CERTIFICATION, AND OTHER RESIDENT EXPENSES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt10
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0N/A
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc1N/A
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt050
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt150
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc1N/A
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE EDUCATOR ACADEMY (EA) RECEIVES FUNDING FROM THE NATIONAL CENTER FOR TEACHER RESIDENCIES (NCTR) TO EXPAND AND IMPROVE ITS EFFORTS TO RECRUIT AND DEVELOP BLACK TEACHERS FOR PARTNER SCHOOL DISTRICTS AND CHARTER MANAGEMENT ORGANIZATIONS. THE AWARD COMES THROUGH NCTR'S BLACK EDUCATORS INITIATIVE, A FIVE-YEAR, $20-MILLION EFFORT TO RECRUIT AND TRAIN 750 NEW BLACK TEACHERS THROUGH NCTR'S NATIONWIDE NETWORK OF TEACHER RESIDENCY PROGRAMS. EA WAS ONE OF EIGHT RESIDENCIES CHOSEN TO HELP LAUNCH NCTR'S BLACK EDUCATORS INITIATIVE. THIS GRANT WILL ALLOW EA TO ENHANCE ITS RECRUITMENT OF FUTURE BLACK EDUCATORS. IT WILL ALSO PROVIDE SCHOLARSHIPS TOWARDS A MASTER'S DEGREE, EMERGENCY FUNDING, COUNSELING AND THERAPY SERVICES, TEACHER CERTIFICATION TEST PREP, AND CERTIFICATION TESTING FEES FOR BLACK EDUCATORS IN THE RESIDENCY PROGRAM. GRANTS ARE PAID TO A THIRD PARTY ON BEHALF OF THE GRANTEES. EA REQUIRES SUBMISSION OF RECEIPTS/INVOICES FROM THE VENDOR. ADDITIONALLY, AN APPLICATION STATING THE NEED AND AMOUNT IS REQUIRED TO BE FILED WITH EA.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ARTICLES OF INCORPORATION WERE AMENDED DURING THE YEAR TO CHANGE THE ORGANIZATION'S NAME FROM KANSAS CITY TEACHER RESIDENCY, INC. TO THE EDUCATOR ACADEMY, INC.

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,012,710
Liabilities
$569,459
Net assets
$7,443,251
Revenue
$9,473,412
Expenses
$3,810,777
Net income
$5,662,635
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.10$0.38$6.72$2.70$3.86$1.16
2024Detailed filing. Detailed filing data is available for this year.$8.10$0.50$7.60$3.32$3.24$0.08
2023Detailed filing. Detailed filing data is available for this year.$8.01$0.57$7.44$9.47$3.81$5.66
2022Detailed filing. Detailed filing data is available for this year.$1.89$0.11$1.78$4.15$3.98$0.17
2021Detailed filing. Detailed filing data is available for this year.$1.68$0.07$1.61$3.21$2.82$0.39
2020Detailed filing. Detailed filing data is available for this year.$1.45$0.23$1.22$2.92$2.91$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.24$0.03$1.21$3.60$3.49$0.11
2018Detailed filing. Detailed filing data is available for this year.$1.13$0.04$1.10$2.93$2.56$0.37
2017Detailed filing. Detailed filing data is available for this year.$0.80$0.07$0.73$2.91$2.62$0.29
2016Summary only. Only limited summary data is available for this year.$0.46$0.02$0.44$0.60$0.15$0.44