Civic Intelligence

Drake Academy of Excellence Inc.

EIN 85-0689442 • 501(c)3 • Billerica, MA

Pub. 78 Eligible990-N CoverageNTEE B24

Profile

To create systemic change in education through the opening of an innovative school and collaborative learnings institute.

109 Dudley RdBillerica, MA 01821

www.drakeexcellence.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

16th percentile

-30%

Higher net margin than 16% of similar nonprofits.

NTEE B24 • <$500k nonprofits • Source year 2024

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

NTEE B24 • <$500k nonprofits • Source year 2024

Asset Growth

33rd percentile

-9.8%

Faster asset growth than 33% of similar nonprofits.

NTEE B • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

9th percentile

-72%

Faster revenue growth than 9% of similar nonprofits.

NTEE B • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$76,826

Down $8,386 (-9.8%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$76,826

Down $8,386 (-9.8%) from 2023

Operations
Liabilities / RevenueScore unavailableNet Margin16th percentile

Revenue

Down

$28,325

Down $71,720 (-72%) from 2023

Expenses

Up

$36,711

Up $13,045 (+55%) from 2023

Net Income

Down

-$8,386

Down $84,765 (-111%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth33rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0Assets 2022: $8,833Net Assets 2022: $8,8332022Assets 2023: $85,212Net Assets 2023: $85,2122023Assets 2024: $76,826Net Assets 2024: $76,8262024

Highlighted filing

2024

Assets$76,826
Liabilities-
Net Assets$76,826
Open 2024 Filing

Operations Trend

Revenue Growth9th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2022: $14,962Expenses 2022: $8,845Net Income 2022: $6,1172022Revenue 2023: $100,045Expenses 2023: $23,666Net Income 2023: $76,3792023Revenue 2024: $28,325Expenses 2024: $36,711Net Income 2024: -$8,3862024

Highlighted filing

2024

Revenue$28,325
Expenses$36,711
Net Income-$8,386
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$76,826
Liabilities
-
Net assets
$76,826
Revenue
$28,325
Expenses
$36,711
Net income
-$8,386
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.77$0.77$0.28$0.37$0.08
2023Detailed filing. Detailed filing data is available for this year.$0.85$0.85$1.00$0.24$0.76
2022Detailed filing. Detailed filing data is available for this year.$0.09$0.09$0.15$0.09$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 2, 2025
Return Version
2024v5.1
Gross Receipts
$28,325
Mission and Program Overview

Mission

To create systemic change in education through the opening of an innovative school and collaborative learnings institute.

Program Services

DescriptionGrantsExpenses
We are still in the very early stages of opening our school. We have signed a lease for some space in Chelmsford MA and plan to open our school for the 2025 school year with 20 students adding 1 grade each year up to grade 8. In addition to this we will run a collaborative learning institute. We plan to run an after school program too.$0$36,711
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Esther ConcepcionExecutive DirectorFT$0--
Ethan BrownTreasurer-$0--
Kimberly FarmerBoard Member-$0--
Brittany YoungCo-FounderFT$0--
Filing and Contact Details

Filer

Filer Name
Drake Academy of Excellence Inc
EIN
85-0689442
In Care Of
% Esther Concepcion
Address
109 DUDLEY RD, BILLERICA, MA 01821

Signing Officer

Name
Ethan Brown
Title
Treasurer
Signed
2025-05-02
Raw XML Appendix123 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.

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IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0| PartandLinenumber:,Explanation:| Part1Line3,Our nondiscrimination policy is clearly stated on our web site|
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I
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ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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