Institute Of Technology Andacademics
- Assets
- $3.2m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 52
- Location
- Milwaukee, WI
- Founding
- 07/2007
- Data as of
- 06/2022
- EIN
- 20-8488048
Organization Overview
Institute Of Technology Andacademics is located in Milwaukee, WI. The organization was established in 2007. 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 06/2022, Institute Of Technology Andacademics employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute Of Technology Andacademics 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, Institute Of Technology Andacademics generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $3.3m during the year ending 06/2022. While expenses have increased by 7.7% 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
WE ARE A HIGH ACHIEVING HIGH PERFORMING URBAN SCHOOL WHERE WE PREPARE THE CHILDREN OF MILWAUKEE FOR AN EXCEPTIONAL CAREER LIFE AND FUTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE OF TECHNOLOGY AND ACADEMICS HAS TWO CAMPUSES TO SERVE ITS STUDENTS. THE LOWER CAMPUS HOUSE K4-2ND GRADE WHILE THE UPPER CAMPUS HOUSES 3RD - 8TH GRADE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kulbir Singh Presexec Director | OfficerTrustee | 50 | $120,000 |
Dr David Borst Chairman | OfficerTrustee | 5 | $0 |
Dr Festus Obiakor Director | Trustee | 2 | $0 |
Markita Jefferson Director | Trustee | 2 | $0 |
Princess Jones Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Yummi Foods Llc Food Service | 6/29/20 | $234,882 |
Lakeside Bus Student Transportation | 6/29/20 | $204,548 |
Yummi Foods Llc Food Service | 6/29/20 | $234,882 |
Lakeside Bus Student Transportation | 6/29/20 | $204,548 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,026,378 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,203 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,045,581 |
| Total Program Service Revenue | $0 |
| 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 | $3,054,131 |
| 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. | $120,000 |
| Compensation of current officers, directors, key employees. | $16,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,036,507 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $80,053 |
| Payroll taxes | $88,688 |
| Fees for services: Management | $24,665 |
| Fees for services: Legal | $3,603 |
| Fees for services: Accounting | $59,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,803 |
| Office expenses | $180,414 |
| Information technology | $28,983 |
| Royalties | $0 |
| Occupancy | $757,735 |
| Travel | $9,187 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $45,203 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,767 |
| Insurance | $46,174 |
| All other expenses | $0 |
| Total functional expenses | $3,338,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,996,727 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,239 |
| 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 | $31,363 |
| Net Land, buildings, and equipment | $1,143,500 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,228,829 |
| Accounts payable and accrued expenses | $173,694 |
| 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 | $2,255,754 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,429,448 |
| Net assets without donor restrictions | $799,381 |
| 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 | $3,228,829 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Institute Of Technology Andacademics has recieved totaling $83.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $83 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bernard Zell Anshe Emet Day School Chicago, IL | $69,026,609 | $20,320,544 |
Hillel Day School Of Metropolitan Detroit Farmington Hills, MI | $33,929,140 | $16,693,073 |
Mounds Park Academy St Paul, MN | $30,504,606 | $18,399,398 |
Academy Of Basic Education Inc Brookfield, WI | $40,498,539 | $16,384,035 |
Near North Montessori School Chicago, IL | $38,573,944 | $16,517,378 |
Noble Academy Brooklyn Park, MN | $14,827,066 | $12,839,269 |
Madison Country Day School Inc Waunakee, WI | $14,581,268 | $10,698,482 |
Zeeland Christian School Zeeland, MI | $19,623,288 | $11,238,716 |
Hope Academy Inc Minneapolis, MN | $26,555,934 | $13,659,656 |
Morgan Park Academy Chicago, IL | $7,353,923 | $9,629,614 |
Kalamazoo Christian School Association Kalamazoo, MI | $19,698,055 | $12,128,711 |
Elgin Academy Elgin, IL | $16,000,808 | $8,213,882 |