Westside Academy Inc
- Assets
- $9.2m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 58
- Location
- Columbus, OH
- Founding
- 04/2010
- Data as of
- 06/2023
- EIN
- 20-2232631
Organization Overview
Westside Academy Inc is located in Columbus, OH. The organization was established in 2010. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Westside Academy Inc employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westside 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 06/2023, Westside Academy Inc generated $4.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $4.7m during the year ending 06/2023. While expenses have increased by 12.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HIGH QUALITY EDUCATION, GLOBAL CONCIOUSNESS AND A COMPETENCY-BASED EDUCATION PROGRAM FROM KINDERGARTEN THROUGH EIGHTH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BE A MODEL CHARTER SCHOOL SERVING KINDERGARTEN THROUGH EIGHT GRADE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abukar Osman Board Member | Trustee | 2 | $1,125 |
Dr Hazem Gheith Board Member | Trustee | 2 | $875 |
Dr Sousan El-Kest Board Member | Trustee | 2 | $1,125 |
W Heather O'bannon Director | Trustee | 40 | $92,664 |
Teymour El Hosseiny Board Member | Trustee | 2 | $1,375 |
Jana Al-Akhras Board Member | Trustee | 2 | $1,375 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,237,357 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,237,357 |
| Total Program Service Revenue | $0 |
| Investment income | $63 |
| 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 | $4,265,366 |
| 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. | $128,039 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,962,657 |
| Pension plan accruals and contributions | $274,864 |
| Other employee benefits | $460,028 |
| Payroll taxes | $0 |
| 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 | $150,951 |
| Advertising and promotion | $0 |
| Office expenses | $272,984 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $130,401 |
| Travel | $14,156 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $138,832 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $305,725 |
| Insurance | $0 |
| All other expenses | $44,122 |
| Total functional expenses | $4,699,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,500 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $738,037 |
| 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 | $50,063 |
| Net Land, buildings, and equipment | $6,561,669 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,568,660 |
| Total assets | $9,167,929 |
| Accounts payable and accrued expenses | $369,788 |
| Grants payable | $68,743 |
| 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 | $0 |
| Other liabilities | $8,599,826 |
| Total liabilities | $9,038,357 |
| Net assets without donor restrictions | -$1,664,921 |
| Net assets with donor restrictions | $1,794,493 |
| 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 | $9,167,929 |