Edison Academics Inc
- Assets
- $16.9k
- Revenue
- $258.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Bradenton, FL
- Founding
- 10/2009
- Data as of
- 07/2021
- EIN
- 27-0612152
Organization Overview
Edison Academics Inc is located in Bradenton, FL. The organization was established in 2009. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 07/2021, Edison Academics Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edison Academics Inc 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 07/2021, Edison Academics Inc generated $258.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $287.6k during the year ending 07/2021. While expenses have increased by 4.7% 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
PROVIDE AN EDUCATIONAL SETTING WHERE STUDENTS OF DIVERSE AGES AND INTERESTS CAN PURSUE A COLLEGE PREPARATORY EDUCATION. OUR GOAL IS TO SUPPLY THE GUIDANCE NECESSARY TO DEVELOP IN EACH STUDENT THE CONFIDENCE TO BEGIN A TASK, DETERMINATION TO CONTINUE AND THE SKILLS TO COMPLETE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDISON ACADEMICS INC PROVIDED A SCHOOL SETTING WHERE STUDENTS OF DIVERSE AGES, INTERESTS AND BACKGROUNDS PURSUED THEIR EDUCATION. WE PROVIDED THE GUIDANCE TO DEVELOP IN EACH STUDENT THE CONFIDENCE NEEDED TO BEGIN, DETERMINATION TO CONTINUE AND THE SKILLS AND DRIVE NECESSARY TO SUCCESSFULLY COMPLETE PROJECTS AND ASSIGNMENTS. WE ENCOURAGED EVERY STUDENT TO BRING THEIR UNIQUE TALENTS TO THE LEARNING SITUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Jackson Secretary | Officer | 40 | $25,778 |
Dave Thompson Treasurer | Officer | 10 | $0 |
Loren C Jackson Officer | Officer | 1 | $0 |
Ai-Ja Jackson Director | Officer | 1 | $0 |
Loren Jackson President | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| 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 | $258,585 |
| 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. | $25,778 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,445 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,689 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,371 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $87,488 |
| Advertising and promotion | $0 |
| Office expenses | $5,885 |
| Information technology | $8,170 |
| Royalties | $0 |
| Occupancy | $49,381 |
| Travel | $15,327 |
| 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 | $1,169 |
| Insurance | $3,329 |
| All other expenses | $0 |
| Total functional expenses | $287,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,070 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,894 |
| Accounts payable and accrued expenses | $6,931 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,931 |
| 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 | $9,963 |