82nd Street Academics
- Assets
- $2.7m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 165
- Location
- Jackson Heights, NY
- Founding
- 01/2005
- Data as of
- 06/2022
- EIN
- 20-0788352
Organization Overview
82nd Street Academics is located in Jackson Heights, NY. The organization was established in 2005. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, 82nd Street Academics employed 165 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 82nd Street Academics 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 06/2022, 82nd Street Academics generated $6.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $4.6m during the year ending 06/2022. 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
82ND STREET ACADEMICS OFFERS PROGRAMS THAT COMPLEMENT PUBLIC EDUCATION SO THAT STUDENTS, REGARDLESS OF HOME LANGUAGE, WILL HAVE ACCESS TO QUALITY HIGHER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
82ND STREET ACADEMICS OFFERS PROGRAMS, SUCH AS THE AFTER SCHOOL PROGRAM, THAT COMPLEMENT PUBLIC EDUCATION SO THAT STUDENTS, REGARDLESS OF HOME LANGUAGE IN NORTHERN QUEENS, WILL HAVE ACCESS TO QUALITY HIGHER EDUCATION.
IN ADDITION TO THE THREE LARGEST PROGRAMS, 82ND STREET ACADEMICS ALSO PROVIDES EDUCATIONAL SERVICES SUCH AS SUMMER SCHOOL, DUAL LANGUAGE AND SPECIAL PROGRAMS.
THE UPK IS SPONSORED BY THE NYC DEPARTMENT OF EDUCATION. THE CONTRACT STIPULATES A PREDETERMINED NUMBER OF STUDENTS WERE TO BE SERVED. 82ND STREET ACADEMICS PROVIDED SERVICES TO ALL OF THESE STUDENTS WHICH REPRESENT 100% PROGRAM DELIVERY ACHIEVEMENT. THE CONTRACT WAS 1,971,441 AND EXPENSES WERE 2,021,702 WHICH EXCEEDED THE GRANT BY 80,261.
THE PRE-K PROGRAM IS ONE OF THE MANY PROGRAMS OFFERED BY 82ND STREET ACADEMICS TO ENABLE STUDENTS TO GAIN ACCESS TO QUALITY EDUCATION AT AN EARLY AGE AT NO COST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Tompkins Executive Di | Officer | 40 | $165,160 |
Lloyd Colona Co-Chair | Trustee | $0 | |
James Ding Member | Trustee | $0 | |
Richard Dudley Chair Of Gov | Trustee | $0 | |
Hunter Dong Secretary | Officer | $0 | |
Monica Liriano Member | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,769,604 |
| Investment income | $0 |
| 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 | $6,795,716 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,074,431 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,334 |
| Payroll taxes | $241,989 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $184,429 |
| Advertising and promotion | $40,579 |
| Office expenses | $84,303 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $195,566 |
| Travel | $6,788 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,668 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,276 |
| Insurance | $69,271 |
| All other expenses | $0 |
| Total functional expenses | $4,619,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,111,162 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $507,164 |
| Accounts receivable, net | $1,043,197 |
| 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 | $51,929 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,124 |
| Total assets | $2,730,436 |
| Accounts payable and accrued expenses | $116,457 |
| Grants payable | $0 |
| Deferred revenue | $675,704 |
| 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 | $500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $157,065 |
| Total liabilities | $1,449,226 |
| Net assets without donor restrictions | $1,271,137 |
| Net assets with donor restrictions | $10,073 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,281,210 |