Village Academies Inc
- Assets
- $59.4m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 26
- Location
- New York, NY
- Founding
- 01/2003
- Data as of
- 06/2021
- EIN
- 13-4186070
Organization Overview
Village Academies Inc, operating under the name Harlem Village Academies, is located in New York, NY. The organization was established in 2003. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Harlem Village Academies employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harlem Village Academies 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, Harlem Village Academies generated $10.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $4.4m during the year ending 06/2021. 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 IMPROVE PUBLIC EDUCATION BY DEVELOPING A MODEL PUBLIC SCHOOL SYSTEM THAT CAN BE REPLICATED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUPPORTED THE NETWORK OF HARLEM VILLAGE ACADEMIES SCHOOLS THROUGH ENRICHMENT PROGRAMS, EDUCATIONAL MATERIALS, PROFESSIONAL DEVELOPMENT, TEACHER RECRUITING, CURRICULUM AND STANDARDS DEVELOPMENT, FAMILY AND COMMUNITY OUTREACH, AND OPERATIONAL SUPPORT SERVICES, INCLUDING FISCAL MANAGEMENT SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah A Kenny Chief Executive Officer | Officer | 40 | $596,646 |
Robert Ollwerther Chief Operating Officer | Officer | 40 | $294,202 |
David O'hara Chief Of Secondary Education | 40 | $290,505 | |
Charles Klein Vice President Of Finance | Officer | 40 | $214,717 |
Nicole S Engel Chief Of Staff | 40 | $180,736 | |
Paul Lomedico External Affairs And Admin Director | 40 | $162,554 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lavinia Group Llc Education Consulting | 6/29/21 | $172,544 |
Ricoh Usa Inc Technology Consulting | 6/29/21 | $124,347 |
4th Sector Solutions Inc Education Finanace & Real Estate Consult | 6/29/21 | $103,059 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $437,252 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,732,513 |
| Noncash contributions included in lines 1a–1f | $98,441 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,169,765 |
| Total Program Service Revenue | $1,212,894 |
| Investment income | $1,775 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,321 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,349,955 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $169,759 |
| Grants and other assistance to domestic individuals. | $65,550 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,071,131 |
| Compensation of current officers, directors, key employees. | $128,477 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $530,826 |
| Pension plan accruals and contributions | $145,028 |
| Other employee benefits | $179,774 |
| Payroll taxes | $95,980 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,726 |
| Fees for services: Accounting | $22,051 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $118,202 |
| Advertising and promotion | $13,824 |
| Office expenses | $91,162 |
| Information technology | $181,194 |
| Royalties | $0 |
| Occupancy | $100,084 |
| Travel | $14,498 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57,804 |
| Interest | $489,079 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $909,576 |
| Insurance | $57,534 |
| All other expenses | $0 |
| Total functional expenses | $4,447,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $651,664 |
| Savings and temporary cash investments | $18,691,578 |
| Pledges and grants receivable | $4,163,094 |
| Accounts receivable, net | $0 |
| 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 | $140,760 |
| Net Land, buildings, and equipment | $33,902,443 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,837,092 |
| Total assets | $59,386,631 |
| Accounts payable and accrued expenses | $405,744 |
| Grants payable | $642,840 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $11,710,811 |
| Other liabilities | $437,252 |
| Total liabilities | $13,196,647 |
| Net assets without donor restrictions | $41,101,891 |
| Net assets with donor restrictions | $5,088,093 |
| 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 | $59,386,631 |
Grants Awarded
Over the last fiscal year, Village Academies Inc has awarded $662,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: TO ASSIST WITH OPERATING COSTS FOR THE SCHOOL YEAR 2018-2019. | $510,000 |
New York, NY PURPOSE: TO ASSIST WITH OPERATING COSTS FOR THE SCHOOL YEAR 2018-2019. | $152,000 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Village Academies Inc has recieved totaling $866,006.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $642,000 |
Ford Foundation New York, NY PURPOSE: MATCHING GIFT | $75,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $54,800 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: EDUCATIONAL PROGRAMS & OTHER STUDENT SVC | $25,500 |
Conrad N Hilton Foundation Westlake Village, CA PURPOSE: TO SUPPORT THE PRESIDENTS DISCRETIONARY FUND. | $25,000 |
Jewish Federation Of Palm Beach County Inc West Palm Beach, FL PURPOSE: GENERAL SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John A Coleman School Yonkers, NY | $5,649,439 | $19,245,814 |
Halo Network Inc Amityville, NY | $5,984,377 | $20,823,404 |
Ascend Learning Inc Brooklyn, NY | $10,949,837 | $20,246,927 |
Pike School Inc Andover, MA | $31,746,911 | $18,230,890 |
Lindley Academy Charter School At Birney Philadelphia, PA | $8,724,796 | $15,521,412 |
Workforce Development Corp New York, NY | $20,852,099 | $12,566,315 |
International School Of Brooklyn Brooklyn, NY | $6,521,944 | $15,095,239 |
Watershed Agricultural Council Of The New York City Watersheds Inc Walton, NY | $8,601,609 | $14,819,769 |
North Atlantic States Carpenters Labor Management Program Boston, MA | $29,841,142 | $12,688,057 |
Purpose Foundation Island Park, NY | $1,585,866 | $11,041,724 |
Tech Impact Philadelphia, PA | $10,895,345 | $15,289,025 |
Tikva Corp West Caldwell, NJ | $10,446,184 | $12,711,125 |