South Scioto Academy
- Assets
- $159.0k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Okemos, MI
- Founding
- 08/2007
- Data as of
- 06/2020
- EIN
- 20-4234575
Organization Overview
South Scioto Academy is located in Okemos, MI. The organization was established in 2007. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Scioto 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 06/2020, South Scioto Academy generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 2 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SOUTH SCIOTO ACADEMY SERVES STUDENTS BY PROVIDING AN ENRICHING, CHALLENGING AND RESPONSIVE EDUCATIONAL ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION TO AT-RISK STUDENTS IN COLUMBUS, OHIO AND VICINITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alphonso Guice Jr President | OfficerTrustee | 2 | $1,750 |
Greg Hampton Assistant Treasurer | OfficerTrustee | 2 | $1,750 |
Herman Moultrie Jr Treasurer | OfficerTrustee | 2 | $1,750 |
Leslie Palmore Secretary | OfficerTrustee | 2 | $1,750 |
Bruce Coleman Vice President | OfficerTrustee | 2 | $1,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Leona Ohio Employment Group Staffing Services | 6/29/15 | $674,236 |
First Student Inc Transportation | 6/29/15 | $211,663 |
The Leona Group Inc Management Services/other Expenses | 6/29/15 | $249,046 |
727 E Jenkins Ave Llc Building Rent | 6/29/15 | $165,000 |
Total Education Solutions Speech And Psychology Services | 6/29/15 | $146,723 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,950,967 |
| 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 | $1,950,967 |
| 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 | $920,253 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $244,042 |
| Payroll taxes | $66,718 |
| Fees for services: Management | $235,529 |
| Fees for services: Legal | $9,886 |
| Fees for services: Accounting | $18,913 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $47,485 |
| Office expenses | $74,625 |
| Information technology | $23,868 |
| Royalties | $0 |
| Occupancy | $75,276 |
| Travel | $7,207 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $23,778 |
| All other expenses | $0 |
| Total functional expenses | $1,950,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,540 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $79,435 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $158,975 |
| Accounts payable and accrued expenses | $79,435 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $79,435 |
| Total liabilities | $79,435 |
| Net assets without donor restrictions | $79,540 |
| Net assets with donor restrictions | $0 |
| 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 | $79,540 |