Park Academy
- Assets
- $12.1m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 37
- Location
- Lake Oswego, OR
- Founding
- 08/2006
- Data as of
- 06/2023
- EIN
- 20-2381913
Organization Overview
Park Academy is located in Lake Oswego, OR. The organization was established in 2006. 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 06/2023, Park Academy employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Academy 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, Park Academy generated $2.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $3.1m during the year ending 06/2023. 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
PARK ACADEMY EMPOWERS STUDENTS WITH DIVERSE LEARNING CHALLENGES TO REACH THEIR HIGHEST POTENTIAL OF GIFTEDNESS WHILE EXCELLING ACADEMICALLY AND BECOMING RESPONSIBLE CITIZENS AND COMMUNITY LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARK ACADEMY SERVED A STUDENT POPULATION OF 94 STUDENTS DURING THE ACADEMIC SCHOOL YEAR USING SPECIFIC CURRICULA SUCH AS READING CURRICULA, WRITING CURRICULA, AND MULTI SENSORY MATH CURRICULA. MULTISENSORY METHODOLOGY, INCLUDING A HEAVY EMPHASIS ON THE ARTS, ARE INTEGRATED THROUGHOUT ALL CORE CURRICULA. THE STRATEGIES HELP ALL STUDENTS BECOME READY TO ATTEND 4-YEAR COLLEGES, COMMUNITY COLLEGES, OR TECHNICAL SCHOOLS UPON GRADUATION FROM PARK ACADEMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Pihl Board Chair | OfficerTrustee | 10 | $0 |
Piper Park Founder/secretary | OfficerTrustee | 10 | $0 |
Gina Williams Treasurer | OfficerTrustee | 10 | $0 |
Gary Maffei Trustee | Trustee | 1 | $0 |
Tom Boothe Trustee | Trustee | 1 | $0 |
Jeff Mengis Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $388,688 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $530,774 |
| Noncash contributions included in lines 1a–1f | $62,013 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $919,462 |
| Total Program Service Revenue | $1,806,697 |
| Investment income | $149,371 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $57,268 |
| Net Income from Fundraising Events | -$80,455 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,853,832 |
| 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. | $153,874 |
| Compensation of current officers, directors, key employees. | $20,649 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,802,265 |
| Pension plan accruals and contributions | $46,305 |
| Other employee benefits | $192,353 |
| Payroll taxes | $200,629 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $840 |
| Fees for services: Accounting | $52,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,666 |
| Fees for services: Other | $51,238 |
| Advertising and promotion | $2,482 |
| Office expenses | $64,700 |
| Information technology | $23,208 |
| Royalties | $0 |
| Occupancy | $106,112 |
| Travel | $5,698 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,763 |
| Interest | $114 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $191,867 |
| Insurance | $23,221 |
| All other expenses | $2,908 |
| Total functional expenses | $3,080,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $473,093 |
| Savings and temporary cash investments | $1,786 |
| Pledges and grants receivable | $264,550 |
| Accounts receivable, net | $27,895 |
| 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 | $22,892 |
| Net Land, buildings, and equipment | $5,685,525 |
| Investments—publicly traded securities | $5,573,511 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,140 |
| Total assets | $12,050,392 |
| Accounts payable and accrued expenses | $359,104 |
| Grants payable | $0 |
| Deferred revenue | $416,841 |
| 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 | $0 |
| Total liabilities | $775,945 |
| Net assets without donor restrictions | $4,120,961 |
| Net assets with donor restrictions | $7,153,486 |
| 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 | $12,050,392 |