Amistad Academy Inc
- Assets
- $35.5m
- Revenue
- $17.0m
- Investments
- $0.0
- Employees
- 468
- Location
- New Haven, CT
- Founding
- 10/1999
- Data as of
- 06/2021
- EIN
- 06-1546695
Organization Overview
Amistad Academy Inc is located in New Haven, CT. The organization was established in 1999. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Amistad Academy Inc employed 468 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amistad 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, Amistad Academy Inc generated $17.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $16.9m during the year ending 06/2021. While expenses have increased by 0.3% 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
AMISTAD ACADEMY, INC. WAS INCORPORATED TO FOCUS ON STRENGTHENING THE ACADEMIC AND CHARACTER SKILLS NEEDED FOR ALL STUDENTS TO EXCEL IN TOP TIER COLLEGES, TO ACHIEVE SUCCESS IN A COMPETITIVE WORLD, AND TO SERVE AS THE NEXT GENERATION OF LEADERS IN THEIR COMMUNITIES. THE SCHOOL SERVES STUDENTS FROM LOW INCOME HOUSEHOLDS IN NEW HAVEN, CONNECTICUT. THE SCHOOL OPERATED CLASSES FOR STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS FOR STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Simon Obas Principal | 40 | $160,495 | |
Brooke N Williams Principal | 40 | $138,700 | |
Lashell Rountree Director Of Operations | 40 | $129,448 | |
Tyra Smallwood Teacher Rep | Trustee | 40 | $110,474 |
Kyle Wood Director Of Operations | 40 | $106,171 | |
Anne Johnson Teacher | 40 | $104,655 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Achievement First Management Services | 6/29/21 | $1,461,594 |
Bb Transportation Inc Bus Services | 6/29/21 | $401,036 |
Smg Corporate Services Custodial Services | 6/29/21 | $141,135 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,209,085 |
| All other contributions, gifts, grants, and similar amounts not included above | $365,242 |
| Noncash contributions included in lines 1a–1f | $46,584 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,574,327 |
| Total Program Service Revenue | $13,375,472 |
| Investment income | $1,441 |
| 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 | $16,961,980 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $45,505 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $127,108 |
| Compensation of current officers, directors, key employees. | $16,490 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,079,833 |
| Pension plan accruals and contributions | $50,671 |
| Other employee benefits | $812,061 |
| Payroll taxes | $626,946 |
| Fees for services: Management | $1,461,594 |
| Fees for services: Legal | $194 |
| Fees for services: Accounting | $25,224 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,728 |
| Advertising and promotion | $6,374 |
| Office expenses | $231,045 |
| Information technology | $214,569 |
| Royalties | $0 |
| Occupancy | $363,474 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $117,481 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,657,045 |
| Insurance | $127,337 |
| All other expenses | $134,623 |
| Total functional expenses | $16,946,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,308,384 |
| Savings and temporary cash investments | $5,791,511 |
| Pledges and grants receivable | $30,660 |
| Accounts receivable, net | $327,581 |
| 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 | $35,964 |
| Net Land, buildings, and equipment | $25,592,051 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,375,546 |
| Total assets | $35,461,697 |
| Accounts payable and accrued expenses | $931,532 |
| 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 | $1,492,863 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,659,247 |
| Total liabilities | $8,083,642 |
| Net assets without donor restrictions | $27,374,750 |
| Net assets with donor restrictions | $3,305 |
| 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 | $35,461,697 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Amistad Academy Inc has recieved totaling $10,005.
| Awarding Organization | Amount |
|---|---|
New Alliance Foundation Inc New Haven, CT PURPOSE: TO SUPPORT ACHIEVEMENT-GAP-CLOSING, COLLEGE-PREPARATORY, K-12 EDUCATIONAL PROGRAMS FOR ALL STUDENTS, REGARDLESS OF RACE, ZIP CODE, OR ECONOMIC STATUS. | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dexter Southfield Inc Brookline, MA | $119,216,504 | $58,438,330 |
Calhoun School Inc New York, NY | $66,556,667 | $39,561,327 |
Saint Davids School New York, NY | $170,289,488 | $33,366,978 |
Hewitt School New York, NY | $78,957,035 | $33,976,072 |
Buckley School In The City Of New York New York, NY | $138,732,019 | $33,895,115 |
Shady Hill School Cambridge, MA | $107,959,883 | $31,295,266 |
Bnos Bais Yaakov Of Far Rockaway Far Rockaway, NY | $26,507,044 | $28,668,399 |
City And Country School Inc New York, NY | $49,971,219 | $22,042,063 |
Wilbraham & Monson Academy Wilbraham, MA | $39,033,544 | $22,102,738 |
St Lukes School New York, NY | $52,345,185 | $21,771,060 |
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Lycee International De Boston International School Of Boston Inc Cambridge, MA | $37,411,967 | $19,857,918 |