Edge Learning Inc
- Assets
- $1.7m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 43
- Location
- Akron, OH
- Founding
- 03/1999
- Data as of
- 06/2022
- 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 06/2022, Edge Learning Inc employed 43 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 06/2022, Edge Learning Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $2.7m during the year ending 06/2022. While expenses have increased by 1.0% 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
2022
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 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 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 |
|---|---|---|---|
Melissa Miavez Fiscal Officer | Officer | 1 | $0 |
Staci Nevels President | OfficerTrustee | 2 | $0 |
Gay Evans Director | Trustee | 1 | $0 |
Nick Frankovitz Director | Trustee | 1 | $0 |
Kory Smith Director | Trustee | 1 | $0 |
Pat Ameling Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charter Development Rent | 6/29/22 | $348,897 |
Arlene's Cuisine Student Food Service | 6/29/22 | $132,969 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,013,029 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,083,029 |
| Total Program Service Revenue | $0 |
| Investment income | $51 |
| 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 | $3,298,529 |
| 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 | $1,560,564 |
| Pension plan accruals and contributions | $18,483 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,064 |
| Fees for services: Accounting | $19,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $305,568 |
| Advertising and promotion | $1,122 |
| Office expenses | $444,226 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $260,823 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,308 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,310 |
| Insurance | $26,906 |
| All other expenses | $0 |
| Total functional expenses | $2,719,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $279,260 |
| Savings and temporary cash investments | $124,868 |
| Pledges and grants receivable | $167,737 |
| Accounts receivable, net | $29,867 |
| 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 | $701,371 |
| Net Land, buildings, and equipment | $184,509 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $165,585 |
| Total assets | $1,653,197 |
| Accounts payable and accrued expenses | $81,450 |
| Grants payable | $0 |
| Deferred revenue | $1,537,220 |
| 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 | $55,125 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,444,367 |
| Total liabilities | $3,118,162 |
| Net assets without donor restrictions | -$1,464,965 |
| 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 | $1,653,197 |