Reed Academy Inc
- Assets
- $8.7m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 81
- Location
- Oakland, NJ
- Founding
- 11/2002
- Data as of
- 06/2021
- EIN
- 01-0735034
Organization Overview
Reed Academy Inc is located in Oakland, NJ. The organization was established in 2002. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Reed Academy Inc employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reed Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Reed Academy Inc generated $5.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $4.7m during the year ending 06/2021. While expenses have increased by 0.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE MOST EFFECTIVE SCIENCE-BASED INTERVENTION TO INDIVIDUALS WITH AUTISM SO THAT THEY BECOME INDEPENDENT, PRODUCTIVE, AND CONTRIBUTING MEMBERS OF THEIR FAMILIES AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REED ACADEMY, INC. IS AN APPROVED NEW JERSEY STATE DEPARTMENT OF EDUCATION PRIVATE SCHOOL FOR STUDENTS WITH DISABILITIES. THEY USE A SCIENCE BASED APPROACH TO PROVIDE STATE OF THE ART SERVICES TO INDIVIDUALS WITH AUTISM AND PRESCHOOL DISABILITIES.
PROVIDE INTESIVE HOME AND COMMUNITY BASED SUPPORT AND PARENT TRAINING SERVICES FOR INDIVIDUALS WITH AUTISM WHILE PROVIDING INTENSIVE INSTRUCTUON AND TRAINING IN SCIENCE BASED TEACHING STRATEGIES AND DATA COLLECTION TECHNIQUES FOR INDIVIDUALS ON THE SPECTRUM AND THEIR FAMILIES. THE PROGRAM ALSO PROVIDES TRAINING AND SUPERVISION TO PROFESSIONALS LOOKING TO ADVANCE THEIR KNOWLEDGE IN THE FIELD OF APPLIED BEHAVIOR ANALYSIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leah Farinola Principal | 37.5 | $165,000 | |
Kelli Fowler Clinical Director | 37.5 | $145,250 | |
Joseph Novak Director | 37.5 | $118,750 | |
Chantelle Walker Executive Dir. | Officer | 28 | $100,000 |
Laurie Murberg Controller | Officer | 28 | $67,980 |
Jill Nadison Executive Dir. | Officer | 28 | $12,770 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $292,363 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $292,363 |
| Total Program Service Revenue | $4,824,571 |
| Investment income | $3,134 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,120,068 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $244,885 |
| Compensation of current officers, directors, key employees. | $48,977 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,849,013 |
| Pension plan accruals and contributions | $65,363 |
| Other employee benefits | $519,088 |
| Payroll taxes | $247,621 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,700 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $240,964 |
| Advertising and promotion | $0 |
| Office expenses | $4,510 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $117,653 |
| Travel | $1,178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,230 |
| Interest | $70,710 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $235,473 |
| Insurance | $30,014 |
| All other expenses | $0 |
| Total functional expenses | $4,715,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,091,528 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $106,838 |
| Accounts receivable, net | $349,484 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,475 |
| Net Land, buildings, and equipment | $5,043,194 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,075,658 |
| Total assets | $8,677,177 |
| Accounts payable and accrued expenses | $206,058 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,227,646 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $617 |
| Total liabilities | $2,434,321 |
| Net assets without donor restrictions | $6,342,598 |
| Net assets with donor restrictions | -$99,742 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,677,177 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Reed Academy Inc has recieved totaling $7,891.
| Awarding Organization | Amount |
|---|---|
Paul S Nadler Fam Charitable Tr New York, NY PURPOSE: GENERAL | $5,000 |
Pj Callahan Foundation Inc New York, NY PURPOSE: GENERAL | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $391 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Tatnall School Inc Wilmington, DE | $48,687,568 | $19,526,911 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |
Yeshiva Ktana Of Passaic Passaic, NJ | $33,764,196 | $20,538,079 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Yeshivat Heatid Inc Teaneck, NJ | $17,160,980 | $19,921,065 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Peck School Morristown, NJ | $71,516,691 | $18,101,005 |