South Side Academy Inc
- Assets
- $1.6m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Youngstown, OH
- Founding
- 09/2012
- Data as of
- 06/2022
- EIN
- 27-2472489
Organization Overview
South Side Academy Inc is located in Youngstown, OH. The organization was established in 2012. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Side Academy 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 06/2022, South Side Academy Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $2.6m during the year ending 06/2022. While expenses have increased by 3.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN ALTERNATIVE HIGH SCHOOL OPPORTUNITY FOR AT-RISK AND DROP-OUT YOUTH BETWEEN THE AGES OF 16 AND 22. THE SCHOOL PROVIDES STUDENTS A COMPREHENSIVE EDUCATION, WORK TRAINING, AND EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATIONAL SERVICES TO 147 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Mullane President | OfficerTrustee | 0.5 | $0 |
Barbara Taylor Vice President | OfficerTrustee | 0.3 | $0 |
Jackie Mullane Secretary | OfficerTrustee | 0.3 | $0 |
Rev Kenneth Simon Treasurer | OfficerTrustee | 0.3 | $750 |
Rev Lewis Macklin II Director | Trustee | 0.3 | $1,310 |
Jeffrey A Foster CPA Fiscal Officer | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Educational Empowerment Group Llc Educational Management | 6/29/19 | $1,205,703 |
Frederick's Wine And Dine Food Services | 6/29/19 | $109,133 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,778,796 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,778,796 |
| Total Program Service Revenue | $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 | $2,781,305 |
| 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. | $3,750 |
| Compensation of current officers, directors, key employees. | $3,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $148,237 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,945,888 |
| Fees for services: Legal | $17,573 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,170 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,509 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,331 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,632,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,194 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $203,637 |
| 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 | $587,395 |
| Net Land, buildings, and equipment | $410,680 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $139,345 |
| Total assets | $1,572,251 |
| Accounts payable and accrued expenses | $232,612 |
| Grants payable | $0 |
| Deferred revenue | $1,211,408 |
| 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 | $1,439,519 |
| Total liabilities | $2,883,539 |
| Net assets without donor restrictions | -$1,311,288 |
| 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 | $1,572,251 |