Pitt Academy
- Assets
- $2.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 28
- Location
- Louisville, KY
- Founding
- 12/1972
- Data as of
- 06/2020
- EIN
- 23-7066205
Organization Overview
Pitt Academy is located in Louisville, KY. The organization was established in 1972. According to its NTEE Classification (B94) the organization is classified as: Parent & Teacher Groups, under the broad grouping of Education and related organizations. As of 06/2020, Pitt Academy employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pitt 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, Pitt Academy generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2020. 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
PROVIDE A SAFE, SUPPORTIVE LEARNING ENVIRONMENT TO CHILDREN WITH LEARNING DIFFERENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A SCHOOL TO EDUCATE MENTALLY HANDICAPPED CHILDREN.
TO PROVIDE A SCHOOL TO EDUCATE MENTALLY HANDICAPPED CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee Doty Principal | Officer | 45 | $73,052 |
Kevin Massey President | OfficerTrustee | 4 | $0 |
Jim Mcdonnell Vice President | OfficerTrustee | 4 | $0 |
Harriet Blankenship Secretary | OfficerTrustee | 4 | $0 |
Dan Moyers Treasurer | OfficerTrustee | 4 | $0 |
Steve Degaris Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,736 |
| Investment income | $10,067 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,814 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,054,257 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $84,920 |
| 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 | $0 |
| Other salaries and wages | $784,514 |
| Pension plan accruals and contributions | $38,173 |
| Other employee benefits | $0 |
| Payroll taxes | $60,109 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,959 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,472 |
| Office expenses | $8,245 |
| Information technology | $11,403 |
| Royalties | $0 |
| Occupancy | $68,319 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $649 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $93,730 |
| Insurance | $24,605 |
| All other expenses | $0 |
| Total functional expenses | $1,265,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $511,968 |
| Savings and temporary cash investments | $409,099 |
| Pledges and grants receivable | $9,145 |
| Accounts receivable, net | $30,747 |
| 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 | $1,900 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $220 |
| Total assets | $2,544,833 |
| Accounts payable and accrued expenses | $2,512 |
| Grants payable | $0 |
| Deferred revenue | $21,600 |
| 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 | $164,300 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $188,412 |
| Net assets without donor restrictions | $0 |
| 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 | $2,356,421 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Pitt Academy has recieved totaling $110,945.
| Awarding Organization | Amount |
|---|---|
Catholic Education Foundation Inc Louisville, KY PURPOSE: EDUCATIONAL GRANT | $85,245 |
Jacob C Koch Charitable Trust 38 0400 00 Louisville, KY PURPOSE: GENERAL SUPPORT OF PROGRAMS | $11,000 |
Whas Crusade For Children Inc Louisville, KY PURPOSE: $10,000 FOR SMARTBOARDS AND LAPTOPS (NOT TO EXCEED AMOUNTS REQUESTED FOR EACH LINE ITEM.) | $10,000 |
Barbara And Albert Horton Foundation Inc Louisville, KY PURPOSE: SUPPORT FOR EDUCATION OF SPECIAL NEEDS CHILDREN | $3,000 |
V V Cooke Foundation Corporation Louisville, KY PURPOSE: UNRESTRICTED | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Congress Of Parents And Teachers Alexandria, VA | $19,792,839 | $11,821,028 |
Indiana Afterschool Network Indianapolis, IN | $20,410,535 | $4,884,390 |
North Chicago Community Partners Nfp Lake Bluff, IL | $1,892,693 | $3,543,621 |
St Vincent St Mary High School Foundation Akron, OH | $26,787,695 | $1,842,720 |
Leaves Of Learning Inc Deer Park, OH | $851,741 | $1,661,930 |
Pitt Academy Louisville, KY | $2,544,833 | $1,054,257 |
Birthing Beautiful Communities Cleveland, OH | $1,960,635 | $2,919,450 |
Charles T Chuck Mathena Ii Foundation Inc Princeton, WV | $9,519,279 | $999,852 |
Worthington Christian Schools Prnt Tchr Flwshp Endow Fund Westerville, OH | $28,428 | $10,595 |
Independence High School Ptso Thompsons Station, TN | $458,068 | $848,792 |
Fenwick Foundation Inc Oak Park, IL | $26,054,511 | $5,711,578 |
Kentucky School Boards Association Educational Foundation Inc Frankfort, KY | $179,866 | $507,563 |