Noble Academy Cleveland Inc
- Assets
- $5.1m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 47
- Location
- Euclid, OH
- Founding
- 12/2007
- Data as of
- 06/2022
- EIN
- 20-4451404
Organization Overview
Noble Academy Cleveland Inc is located in Euclid, OH. 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. As of 06/2022, Noble Academy Cleveland Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Noble Academy Cleveland 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 06/2022, Noble Academy Cleveland Inc generated $5.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $4.8m during the year ending 06/2022. While expenses have increased by 6.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
NOBLE ACADEMY CLEVELAND IS A PUBLIC CHARTER SCHOOL THAT SERVING GRADES K THROUGH 8 FOR CHILDREN IN CLEVELAND, OH. THE SCHOOL IS A COLLEGE PREP CHOOL FOCUSING ON MATH, SCIENCE AND TECHNOLOGY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL SERVICES TO STUDENTS K THROUGH 8 GRADES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy L Hammond School Principal | Officer | 40 | $87,008 |
Mustafa Arslan Board Member | Trustee | 1 | $0 |
Marie Bonilla Board Member | Trustee | 1 | $0 |
Donald Malloy Board President | Trustee | 1 | $0 |
Abdullah Kayretli Board Member | Trustee | 1 | $0 |
Robert Hassan Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,863,553 |
| 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 | $5,863,553 |
| Total Program Service Revenue | $79,973 |
| 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 | $5,943,526 |
| 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. | $87,008 |
| Compensation of current officers, directors, key employees. | $87,008 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,399,757 |
| Pension plan accruals and contributions | -$240,907 |
| Other employee benefits | $400,356 |
| Payroll taxes | $190,238 |
| Fees for services: Management | $845,006 |
| 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 | $11,976 |
| Advertising and promotion | $52,897 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $192,132 |
| Travel | $3,807 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,153 |
| Interest | $46,827 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $241,624 |
| Insurance | $0 |
| All other expenses | $120,433 |
| Total functional expenses | $4,804,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $940,072 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $559,953 |
| 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 | $1,211,128 |
| Net Land, buildings, and equipment | $2,020,122 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $328,547 |
| Total assets | $5,059,822 |
| Accounts payable and accrued expenses | $571,042 |
| Grants payable | $0 |
| Deferred revenue | $2,402,166 |
| 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 | $3,101,515 |
| Total liabilities | $6,074,723 |
| Net assets without donor restrictions | -$1,014,901 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,059,822 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Noble Academy Cleveland Inc has recieved totaling $26,148.
| Awarding Organization | Amount |
|---|---|
Shoes And Clothes For Kids Inc Cleveland, OH PURPOSE: TO IMPROVE K-8 ATTENDANCE BY ELIMINATING LACK OF CLOTHING, SHOES & SCHOOL SUPPLIES AS BARRIERS. | $26,148 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Belmont Charter School Philadelphia, PA | $6,922,339 | $21,008,354 |
Propel Charter School Sunrise Pittsburgh, PA | $9,914,076 | $19,454,226 |
West Oak Lane Charter School Philadelphia, PA | $9,484,536 | $17,633,515 |
Mast Community Charter School Iii Philadelphia, PA | $53,124,349 | $21,172,350 |
Mast Community Charter School Ii Philadelphia, PA | $15,675,168 | $22,231,273 |
Mastery Charter School - Harrity Elementary Philadelphia, PA | $9,434,703 | $16,430,234 |
Wissahickon Charter School Philadelphia, PA | $12,512,836 | $17,919,129 |
York Academy Regional Charter School York, PA | $5,602,450 | $14,555,024 |
Career Academy Of South Bend Inc South Bend, IN | $28,812,268 | $15,770,291 |
21st Century Charter School At Gary Inc Indianapolis, IN | $16,296,159 | $15,193,404 |
Avondale Meadows Academy Inc Indianapolis, IN | $23,354,036 | $14,362,990 |
Mastery Charter School - Smedley Elementary Philadelphia, PA | $9,574,548 | $16,285,850 |