Menlo Park Academy
- Assets
- $18.9m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 78
- Location
- Cleveland, OH
- Founding
- 06/2009
- Data as of
- 06/2021
- EIN
- 26-3020224
Organization Overview
Menlo Park Academy is located in Cleveland, OH. The organization was established in 2009. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Menlo Park Academy employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Menlo Park 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 06/2021, Menlo Park Academy generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $6.4m during the year ending 06/2021. While expenses have increased by 11.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MENLO PARK ACADEMY IS A PUBLIC SCHOOL THAT DEVELOPS THE POTENTIAL OF GIFTED LEARNERS THROUGH AN EXEMPLARY PROGRAM OF REWARDING EXPERIENCES THAT NURTURES THE WHOLE CHILD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL FOCUSES ON EACH OF THE FOLLOWING CONCEPTS INDIVIDUALLY: PUBLIC COMMUNITY SCHOOL WITH OPEN ENROLLMENT AND NO TUITION; IS DESIGNED FOR GIFTED LEARNERS AS DEFINED BY THE STATE OF OHIO; OFFERS EXEMPLARY CURRICULUM WITH THE APPROPRIATE ACCELERATION AND DIFFERENTIATION; OFFERS REWARDING EXPERIENCES TO BUILD STUDENT SELF CONFIDENCE AND ENJOYMENT; PARTNERSHIP WITH FACULTY AND PARENTS, A SCHOOL ENVIRONMENT THAT FOCUSES ON THE ASYNCHRONOUS DEVELOPMENT OF THE STUDENT'S EMOTIONAL, SPIRITUAL, PHYSICAL AND ACADEMIC ABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Zaye Treasurer | Officer | 1 | $0 |
Teri Harrison Board Chair | Trustee | 2 | $0 |
Tiffany Randle Board Member | Trustee | 1 | $0 |
Susan Dornan Board Member | Trustee | 1 | $0 |
Dante Giancola Board Member | Trustee | 1 | $0 |
Suzanne Mcfarland Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $541,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,687,261 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,228,861 |
| Total Program Service Revenue | $0 |
| Investment income | $66,841 |
| 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 | $6,295,702 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,480,662 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,102,356 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,894 |
| Fees for services: Accounting | $96,002 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $90,011 |
| Office expenses | $0 |
| Information technology | $116,531 |
| Royalties | $0 |
| Occupancy | $508,630 |
| Travel | $3,853 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $406,603 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $570,163 |
| Insurance | $41,134 |
| All other expenses | $28,059 |
| Total functional expenses | $6,358,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,045,730 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $883,784 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,105 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $15,227,295 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,758,483 |
| Total assets | $18,921,397 |
| Accounts payable and accrued expenses | $976,249 |
| 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 | $7,976,177 |
| Other liabilities | $5,244,293 |
| Total liabilities | $14,196,719 |
| Net assets without donor restrictions | $4,724,678 |
| 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 | $18,921,397 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Menlo Park Academy has recieved totaling $1,803.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,513 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $250 |
Quaker Houghton Foundation Conshohocken, PA PURPOSE: TO FUND THE OPERATING BUDGET. | $40 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Belmont Charter School Philadelphia, PA | $6,922,339 | $21,008,354 |
Propel Charter School Sunrise Pittsburgh, PA | $9,914,076 | $19,454,226 |
West Oak Lane Charter School Philadelphia, PA | $9,484,536 | $17,633,515 |
Mast Community Charter School Iii Philadelphia, PA | $53,124,349 | $21,172,350 |
Mast Community Charter School Ii Philadelphia, PA | $15,675,168 | $22,231,273 |
Mastery Charter School - Harrity Elementary Philadelphia, PA | $9,434,703 | $16,430,234 |
Wissahickon Charter School Philadelphia, PA | $12,512,836 | $17,919,129 |
York Academy Regional Charter School York, PA | $5,602,450 | $14,555,024 |
Career Academy Of South Bend Inc South Bend, IN | $28,812,268 | $15,770,291 |
21st Century Charter School At Gary Inc Indianapolis, IN | $16,296,159 | $15,193,404 |
Avondale Meadows Academy Inc Indianapolis, IN | $23,354,036 | $14,362,990 |
Mastery Charter School - Smedley Elementary Philadelphia, PA | $9,574,548 | $16,285,850 |