Metro East Web Academy
- Assets
- $14.0m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 72
- Location
- Gresham, OR
- Founding
- 05/2010
- Data as of
- 06/2023
- EIN
- 26-4029321
Organization Overview
Metro East Web Academy is located in Gresham, OR. The organization was established in 2010. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Metro East Web Academy employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metro East Web 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 06/2023, Metro East Web Academy generated $5.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $6.9m during the year ending 06/2023. While expenses have increased by 8.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DELIVER A PERSONALIZED, COMPREHENSIVE ONLINE EDUCATION THAT WILL LEAD STUDENTS TO A CHOICE BETWEEN A STATE OF OREGON HIGH SCHOOL DIPLOMA OR LOCAL GRESHAM OR BARLOW HS DIPLOMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE METRO EAST WEB ACADEMY PROVIDES A TECHNOLOGY RICH 21ST CENTURY LEARNING MODEL THAT ENSURES STUDENT SUCCESS IN A RAPIDLY EVOLVING LEARNING, WORK, AND COMMUNITY ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Grey Executive Advisor | Officer | 40 | $170,590 |
Sandra Jones Member | Trustee | 0.4 | $0 |
Ron Pompel Member | Trustee | 0.4 | $0 |
David Atherton Vice President | OfficerTrustee | 0.4 | $0 |
Terry Mccall Secretarytreasurer | OfficerTrustee | 0.4 | $0 |
Michael Harris President | OfficerTrustee | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,872,735 |
| All other contributions, gifts, grants, and similar amounts not included above | $765,619 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,638,354 |
| Total Program Service Revenue | $17,662 |
| Investment income | $163,829 |
| 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 | $5,821,043 |
| 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. | $270,812 |
| Compensation of current officers, directors, key employees. | $270,812 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,704,086 |
| Pension plan accruals and contributions | $911,583 |
| Other employee benefits | $475,176 |
| Payroll taxes | $319,061 |
| Fees for services: Management | $72,094 |
| Fees for services: Legal | $7,137 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $76,048 |
| Office expenses | $0 |
| Information technology | $571,932 |
| Royalties | $0 |
| Occupancy | $43,126 |
| Travel | $14,422 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,925 |
| Interest | $442,325 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $117,659 |
| Insurance | $40,909 |
| All other expenses | $0 |
| Total functional expenses | $6,895,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $792,778 |
| Savings and temporary cash investments | $3,546,336 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $742,973 |
| 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 | $5,959,398 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,952,899 |
| Total assets | $13,994,384 |
| Accounts payable and accrued expenses | $280,168 |
| Grants payable | $0 |
| Deferred revenue | $12,291 |
| 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 | $6,680,758 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,011,855 |
| Total liabilities | $11,985,072 |
| Net assets without donor restrictions | $1,402,016 |
| Net assets with donor restrictions | $607,296 |
| 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 | $13,994,384 |