Intensive Education Academy Inc
- Assets
- $9.1m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 113
- Location
- West Hartford, CT
- Founding
- 08/1983
- Data as of
- 08/2022
- EIN
- 06-1077091
Organization Overview
Intensive Education Academy Inc is located in West Hartford, CT. The organization was established in 1983. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 08/2022, Intensive Education Academy Inc employed 113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Intensive Education 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 08/2022, Intensive Education Academy Inc generated $6.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $6.3m during the year ending 08/2022. While expenses have increased by 8.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IEA'S MISSION IS TO HELP DISABLED STUDENTS REACH THEIR FULL POTENTIAL, THROUGH A NURTURING AND INDIVIDUALIZED LEARNING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IEA PROVIDES EDUCATION PROGRAMS FOR STUDENTS DIAGNOSED WITH: AUTISM, DEVELOPMENTAL DELAY, DYSLEXIA, MILD EMOTIONAL DISTURBANCE, INTELLECTUAL DISABILITY, SPECIFIC LEARNING DISABILITY, VISUAL OR HEARING IMPAIRMENT, ORTHOPEDIC IMPAIRMENT, TRAUMATIC BRAIN INJURY, MULTIPLE DISABILITIES, AND/OR OHI/ADD/ADHD. STUDENTS ARE ENCOURAGED AS UNIQUE INDIVIDUALS TO ACCEPT AND TO VALUE THEMSELVES IN AN ACADEMIC ENVIRONMENT THAT WILL MOTIVATE, CHALLENGE, AND SATISFY EACH STUDENT. THROUGH ASSESSMENT AND DEVELOPMENT OF INDIVIDUALIZED EDUCATION PROGRAMS, STUDENTS ARE ENCOURAGED TO DEVELOP THEIR INHERENT POTENTIAL IN ORDER TO PREPARE FOR THEIR FUTURE. IEA STIMULATES ENTHUSIASM FOR LEARNING IN A SUPPORTIVE AND POSITIVE ATMOSPHERE. DURING THE SCHOOL YEAR, IEA HAD 80 STUDENTS ENROLLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Forman Exe Dir Thur | Officer | 40 | $137,941 |
Ana Marie Alvarez Dir Of Fin. | Officer | 40 | $83,830 |
James T Scully Esquire Vice Preside | OfficerTrustee | 1 | $0 |
Chris Joplin President | OfficerTrustee | 1 | $0 |
Charles Monzeglio President | OfficerTrustee | 1 | $0 |
Lori Susi Executive Di | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,550 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,344 |
| Noncash contributions included in lines 1a–1f | $3,554 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,894 |
| Total Program Service Revenue | $5,920,954 |
| Investment income | $111,434 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,411 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,132,871 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $24,344 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $137,941 |
| Compensation of current officers, directors, key employees. | $103,456 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,827,457 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $711,780 |
| Payroll taxes | $296,028 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,363 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,837 |
| Fees for services: Other | $391,457 |
| Advertising and promotion | $0 |
| Office expenses | $86,757 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $204,240 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $285,422 |
| Insurance | $49,013 |
| All other expenses | -$49,567 |
| Total functional expenses | $6,262,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $557,287 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,500 |
| Accounts receivable, net | $104,863 |
| 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 | $37,910 |
| Net Land, buildings, and equipment | $3,385,743 |
| Investments—publicly traded securities | $4,981,790 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,310 |
| Total assets | $9,094,403 |
| Accounts payable and accrued expenses | $192,312 |
| Grants payable | $0 |
| Deferred revenue | $7,500 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,500 |
| Total liabilities | $212,312 |
| Net assets without donor restrictions | $8,848,080 |
| Net assets with donor restrictions | $34,011 |
| 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 | $9,094,403 |
Grants Awarded
Over the last fiscal year, Intensive Education Academy Inc has awarded $244,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SISTERS OF ST JOSEPH PURPOSE: GENERAL SUPPORT | $219,000 |
Hartford, CT PURPOSE: GENERAL SUPPORT | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Intensive Education Academy Inc has recieved totaling $16,054.
| Awarding Organization | Amount |
|---|---|
Ellen Jeanne Goldfarb Memorial Charitable Tr Farmington, CT PURPOSE: EDUCATIONAL PROGRAM | $15,000 |
The Zachs Family Foundation Inc Hartford, CT PURPOSE: GENERAL USE | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $54 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Variety Child Learning Center Syosset, NY | $8,356,973 | $21,867,725 |
Nashoba Learning Group Inc Bedford, MA | $17,818,775 | $20,934,730 |
The Hagedorn Little Village School Seaford, NY | $17,101,359 | $21,155,572 |
Summit School Upper Nyack, NY | $17,974,431 | $18,614,927 |
Steppingstone Day School Inc Kew Garden Hills, NY | $5,707,568 | $18,884,905 |
Childrens Center Of Hamden Inc Hamden, CT | $5,057,304 | $17,805,585 |
Kennedy Childrens Center New York, NY | $16,208,391 | $17,351,422 |
League School Brooklyn, NY | $8,003,102 | $18,878,930 |
League School Of Greater Boston Inc Walpole, MA | $19,876,889 | $16,713,452 |
Milestones Behavioral Services Inc Orange, CT | $21,061,189 | $19,167,051 |
The Manhattan Childrens Center Inc New York, NY | $11,028,934 | $17,851,466 |
American Federation Of Teachers Yonkers, NY | $7,190,230 | $15,527,584 |