Titusville Academy Inc
- Assets
- $2.1m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 84
- Location
- Titusville, NJ
- Founding
- 06/1989
- Data as of
- 06/2024
- EIN
- 22-2896543
Organization Overview
Titusville Academy Inc is located in Titusville, NJ. The organization was established in 1989. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2024, Titusville Academy Inc employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Titusville Academy 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 06/2024, Titusville Academy Inc generated $5.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $4.9m during the year ending 06/2024. While expenses have increased by 3.0% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
K-12 SCHOOL AND SUMMER CAMP FOR THE EDUCATION OF BEHAVIORALLY DISABLED CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED CLASSROOM INSTRUCTION FOR AN AVERAGE POPULATION OF 62 STUDENTS FOR THE SCHOOL YEAR ENDED JUNE 30, 2024.
OPERATED A SUMMER CAMP FOR A POPULATION OF 47 STUDENTS FOR THE YEAR ENDED JUNE 30, 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Zerbib Executive Director/sec-Treas | Officer | 45 | $300,238 |
William Cane President | OfficerTrustee | 0.5 | $0 |
Scott T Gray Vice-President | OfficerTrustee | 0.5 | $0 |
Cathy Frank-White Trustee | Trustee | 0.5 | $0 |
James Calderone Trustee | Trustee | 0.5 | $0 |
Manker Mills Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Inspire Education Group Inc Executive & Program Services | 6/29/19 | $196,350 |
School Business Office Llc Execute & Manage Financial Operations | 6/29/19 | $116,280 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $325 |
| Total Program Service Revenue | $5,000,666 |
| Investment income | $115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$105 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,001,001 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $302,643 |
| Compensation of current officers, directors, key employees. | $302,643 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,843,929 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $281,830 |
| Payroll taxes | $259,670 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,809 |
| Fees for services: Accounting | $150,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,050 |
| Office expenses | $67,446 |
| Information technology | $44,185 |
| Royalties | $0 |
| Occupancy | $224,636 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,414 |
| Interest | $23,297 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,595 |
| Insurance | $94,538 |
| All other expenses | $15,993 |
| Total functional expenses | $4,864,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $878,181 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $933,434 |
| 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 | $64,605 |
| Net Land, buildings, and equipment | $181,801 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,189 |
| Total assets | $2,071,210 |
| Accounts payable and accrued expenses | $133,354 |
| 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 | $485,784 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $122,300 |
| Total liabilities | $741,438 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,329,772 |
| 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 | $2,071,210 |