Pitt Academy
- Assets
- $2.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 25
- Location
- Louisville, KY
- Founding
- 12/1972
- Data as of
- 06/2022
- 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 06/2022, Pitt Academy employed 25 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 06/2022, Pitt Academy generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. 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
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Degaris Director | Trustee | 5 | $0 |
Kevin Massey President | OfficerTrustee | 4 | $0 |
Jim Mcdonnell Vice President | OfficerTrustee | 4 | $0 |
Harriet Blankenship Secretary | OfficerTrustee | 4 | $0 |
Sister Barbara Bir Director | Trustee | 2 | $0 |
Victoria Monday Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,540 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,554 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,094 |
| Total Program Service Revenue | $1,028,550 |
| Investment income | $593 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,114 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,175,039 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $109,416 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $89,723 |
| Compensation of current officers, directors, key employees. | $89,723 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $755,970 |
| Pension plan accruals and contributions | $38,099 |
| Other employee benefits | $0 |
| Payroll taxes | $65,246 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,369 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,678 |
| Office expenses | $23,158 |
| Information technology | $1,880 |
| Royalties | $0 |
| Occupancy | $75,771 |
| 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 | $87,001 |
| Insurance | $28,076 |
| All other expenses | $0 |
| Total functional expenses | $1,374,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $573,154 |
| Savings and temporary cash investments | $206,308 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,407 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,435,717 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $220 |
| Total assets | $2,230,806 |
| Accounts payable and accrued expenses | $7,357 |
| Grants payable | $0 |
| Deferred revenue | $54,250 |
| 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 | $0 |
| Total liabilities | $61,607 |
| Net assets without donor restrictions | $2,134,199 |
| Net assets with donor restrictions | $35,000 |
| 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 | $2,230,806 |