Metro East Web Academy
- Assets
- $12.3m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 58
- Location
- Gresham, OR
- Founding
- 05/2010
- Data as of
- 06/2021
- 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 06/2021, Metro East Web Academy employed 58 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 06/2021, Metro East Web Academy generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $6.2m during the year ending 06/2021. While expenses have increased by 8.0% per year over the past 7 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
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 Gray CEO | Officer | 40 | $158,244 |
Michele Normand Vice President | OfficerTrustee | 1 | $0 |
Michael Harris President | OfficerTrustee | 1 | $0 |
Terry Mccall Secretarytreasurer | OfficerTrustee | 1 | $0 |
Ron Pompel Member | Trustee | 2 | $0 |
David Atherton Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,166,015 |
| Investment income | $1,533 |
| 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 | $7,192,004 |
| Statement of Expenses | |
|---|---|
| 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. | $267,220 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,597,008 |
| Pension plan accruals and contributions | $1,067,242 |
| Other employee benefits | $386,057 |
| Payroll taxes | $241,928 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,934 |
| Fees for services: Lobbying | $6,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,470 |
| Advertising and promotion | $65,222 |
| Office expenses | $0 |
| Information technology | $274,251 |
| Royalties | $0 |
| Occupancy | $43,078 |
| Travel | $16,318 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $323,925 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,037 |
| Insurance | $26,069 |
| All other expenses | $0 |
| Total functional expenses | $6,161,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $825,659 |
| Savings and temporary cash investments | $3,206,938 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $359,291 |
| 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 | $68,620 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,075,210 |
| Total assets | $12,299,775 |
| Accounts payable and accrued expenses | $465,917 |
| Grants payable | $0 |
| Deferred revenue | $8,480 |
| 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 | $6,948,966 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,336,975 |
| Total liabilities | $11,760,338 |
| 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 | $539,437 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Metro East Web Academy has recieved totaling $94.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $94 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnerships To Uplift Communities Los Angeles Burbank, CA | $14,420,401 | $24,912,837 |
Literacy First Charter Schools El Cajon, CA | $29,290,072 | $23,446,904 |
Voices College-Bound Language Academies San Jose, CA | $26,350,864 | $21,078,147 |
Santa Rosa Academy Incorporated Menifee, CA | $46,198,054 | $16,730,823 |
Siatech Inc Oceanside, CA | $9,582,548 | $15,818,647 |
Grow Public Schools Bakersfield, CA | $14,803,093 | $23,549,288 |
Natomas Charter School Sacramento, CA | $32,806,693 | $20,875,289 |
Vista Charter Public Schools Los Angeles, CA | $62,725,425 | $20,964,484 |
Roseland Charter School Santa Rosa, CA | $53,872,700 | $25,562,169 |
Ofl William S Hart Inc Pasadena, CA | $11,952,405 | $20,153,084 |
New Designs Charter School Los Angeles, CA | $56,545,069 | $20,507,111 |
Ace Charter School San Jose, CA | $8,656,644 | $20,001,670 |