Epic Academy
- Assets
- $4.3m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 95
- Location
- Chicago, IL
- Founding
- 09/2007
- Data as of
- 06/2022
- EIN
- 20-8674711
Organization Overview
Epic Academy is located in Chicago, IL. 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, Epic Academy employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Epic 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 06/2022, Epic Academy generated $8.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $8.5m during the year ending 06/2022. While expenses have increased by 7.1% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIGOROUS COLLEGE CURRICULUM TO PREPARE STUDENTS FOR COLLEGE AND CAREER SUCCESS. STUDENT ENROLLMENT IS APPROXIMATELY 537 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Annacone Chair | OfficerTrustee | 1 | $0 |
Eyal Altman Board Member | Trustee | 1 | $0 |
Alex Hales Board Member | Trustee | 1 | $0 |
Natalie C Neris Board Member | Trustee | 1 | $0 |
Tiffany Parker Board Member | Trustee | 1 | $0 |
Adam Semel Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $63,870 |
| Related organizations | $0 |
| Government grants | $2,827,753 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,040 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,002,663 |
| Total Program Service Revenue | $4,944,622 |
| Investment income | $2,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,911 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,963,887 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $49,571 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $652,164 |
| Compensation of current officers, directors, key employees. | $172,458 |
| Compensation to disqualified persons | $4,359,529 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $426,109 |
| Other employee benefits | $399,445 |
| Payroll taxes | $193,150 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,922 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $335,373 |
| Advertising and promotion | $21,367 |
| Office expenses | $61,501 |
| Information technology | $510,937 |
| Royalties | $0 |
| Occupancy | $388,656 |
| Travel | $0 |
| 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 | $20,826 |
| Insurance | $43,927 |
| All other expenses | $205,451 |
| Total functional expenses | $8,545,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $553,244 |
| Savings and temporary cash investments | $3,026,484 |
| Pledges and grants receivable | $196,858 |
| 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 | $11,813 |
| Net Land, buildings, and equipment | $491,837 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,280,236 |
| Accounts payable and accrued expenses | $451,822 |
| 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 | $514,707 |
| Total liabilities | $966,529 |
| Net assets without donor restrictions | $3,313,278 |
| Net assets with donor restrictions | $429 |
| 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 | $4,280,236 |