Edge Learning Inc
- Assets
- $1.6m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 46
- Location
- Akron, OH
- Founding
- 03/1999
- Data as of
- 06/2021
- EIN
- 31-1624476
Organization Overview
Edge Learning Inc is located in Akron, OH. The organization was established in 1999. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Edge Learning Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edge Learning 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 06/2021, Edge Learning Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $2.6m during the year ending 06/2021. While expenses have increased by 0.4% 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
THE EDGE ACADEMY IS A KINDERGARTEN THROUGH FIFTH GRADE CHARTER SCHOOL SERVING THE AKRON COMMUNITY. THE EDGE ACADEMY BELIEVES IN A SHAPING THE FUTURE THROUGH OUR CHILDREN BY PROVIDING A QUALITY EDUCATION IN A SAFE CARING AND DIVERSE LEARNING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EDGE ACADEMY IS A KINDERGARTEN THROUGH FIFTH GRADE CHARTER SCHOOL SERVING THE AKRON COMMUNITY. THE EDGE ACADEMY BELIEVES IN A SHAPING THE FUTURE THROUGH OUR CHILDREN BY PROVIDING A QUALITY EDUCATION IN A SAFE CARING AND DIVERSE LEARNING ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ian Taylor Board Member | Trustee | 1 | $0 |
Staci Nevels Board President | Trustee | 2 | $0 |
Mary Beth Kluge Board Member | Trustee | 1 | $0 |
Pat Ameling Board Member | Trustee | 1 | $0 |
Nick Frankovits Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charter Development Rent | 6/29/21 | $312,897 |
Arlenes Cuisine Student Food Service | 6/29/21 | $106,923 |
Petermann Student Transportation Services | 6/29/21 | $103,999 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,603,885 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,603,885 |
| 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 | $2,603,885 |
| 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 | $1,246,181 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $236,256 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,632 |
| Fees for services: Accounting | $40,231 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $177,561 |
| Advertising and promotion | $5,002 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $470,784 |
| Travel | $62 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,414 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,419 |
| Insurance | $27,243 |
| All other expenses | $8,550 |
| Total functional expenses | $2,604,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,485 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $228,855 |
| Accounts receivable, net | $20,342 |
| 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 | $154,124 |
| Net Land, buildings, and equipment | $195,394 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $682,073 |
| Total assets | $1,551,273 |
| Accounts payable and accrued expenses | $196,940 |
| 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 | $275,792 |
| Other liabilities | $3,122,061 |
| Total liabilities | $3,594,793 |
| Net assets without donor restrictions | -$2,043,520 |
| 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 | $1,551,273 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Edge Learning Inc has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
Kazrus Foundation Southfield, MI PURPOSE: FOR CHROMEBOOKS | $13,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wellington School Columbus, OH | $38,979,520 | $21,884,199 |
Lexington School Inc Lexington, KY | $82,981,335 | $20,273,926 |
Community Academy Of Philadelphia A Pennylvania Charter School Philadelphia, PA | $18,600,792 | $22,292,096 |
Cristo Rey Philadelphia High School Philadelphia, PA | $44,344,879 | $19,011,850 |
Valley Forge Military Academy Foundation Wayne, PA | $40,487,283 | $14,074,781 |
Jack M Barrack Hebrew Academy Bryn Mawr, PA | $28,446,825 | $17,100,040 |
Antioch College Corporation Yellow Springs, OH | $62,390,988 | $12,472,069 |
Greenhills School Ann Arbor, MI | $38,781,499 | $17,943,367 |
Linsly School Incorporated Wheeling, WV | $48,098,120 | $15,151,725 |
Dohn Community High School Cincinnati, OH | $3,470,956 | $16,370,625 |
Glen Mills Schools Concordville, PA | $72,581,010 | $5,135,685 |
Solebury School New Hope, PA | $31,595,369 | $15,801,404 |