Tree Academy
- Assets
- $2.0m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 70
- Location
- West Hollywood, CA
- Founding
- 12/2015
- Data as of
- 06/2021
- EIN
- 32-0472081
Organization Overview
Tree Academy is located in West Hollywood, CA. The organization was established in 2015. 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, Tree Academy employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tree 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, Tree Academy generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 58.8% each year . All expenses for the organization totaled $4.4m during the year ending 06/2021. 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 OFFER A QUALITY EDUCATION TO A DIVERSE POPULATION IN AN INNOVATIVE ACADEMIC APPROACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A PRIVATE, NON-PROFIT SCHOOL FOR GRADES 6 TO 12, OFFERING A SUPERLATIVE EDUCATION TO A DIVERSE POPULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darryl Sollerh Director Of School | 40 | $198,000 | |
Paul Cummins Board Member | Trustee | 15 | $74,933 |
Joy Levine Board Member | Trustee | 2 | $2,550 |
Chikara Kuruhashi Board Member | Trustee | 2 | $0 |
Kimberly Brooks Board Member | Trustee | 2 | $0 |
John Hillcoat Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $399,320 |
| All other contributions, gifts, grants, and similar amounts not included above | $245,796 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $645,116 |
| Total Program Service Revenue | $3,884,130 |
| 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 | $4,671,542 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $959,634 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $308,848 |
| Compensation of current officers, directors, key employees. | $15,442 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,855,905 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,000 |
| Payroll taxes | $185,182 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,044 |
| Fees for services: Accounting | $59,912 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,322 |
| Advertising and promotion | $5,132 |
| Office expenses | $134,732 |
| Information technology | $21,799 |
| Royalties | $0 |
| Occupancy | $464,845 |
| Travel | $24,797 |
| 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 | $20,081 |
| Insurance | $308,353 |
| All other expenses | $0 |
| Total functional expenses | $4,415,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,605,020 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $116,835 |
| 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 | $41,253 |
| Net Land, buildings, and equipment | $172,758 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,000 |
| Total assets | $1,968,866 |
| Accounts payable and accrued expenses | $43,872 |
| Grants payable | $0 |
| Deferred revenue | $1,946,965 |
| 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 | $1,990,837 |
| Net assets without donor restrictions | -$21,971 |
| 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 | $1,968,866 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Tree Academy has recieved totaling $117,873.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $107,736 |
Goodman Family Foundation New York, NY PURPOSE: EXEMPT ORGANIZATION'S PURPOSE | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $137 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
College Preparatory School Oakland, CA | $86,770,968 | $29,982,508 |
De Toledo High School West Hills, CA | $54,114,350 | $20,796,544 |
Los Angeles Leadership Academy Los Angeles, CA | $13,675,392 | $17,033,455 |
Dunn School Los Olivos, CA | $25,503,734 | $14,255,892 |
Maranatha High School Pasadena, CA | $37,804,147 | $15,687,230 |
Seabury Hall Makawao, HI | $71,634,434 | $12,939,706 |
Audeo Charter School San Diego, CA | $17,592,431 | $17,679,970 |
Cristo Rey San Jose High School San Jose, CA | $35,861,424 | $12,346,734 |
Monte Vista Christian School Inc Watsonville, CA | $36,645,188 | $14,491,760 |
Vistamar School El Segundo, CA | $31,527,433 | $13,947,255 |
Pathways In Education Illinois Pasadena, CA | $13,522,189 | $14,647,243 |
Africa New Life Ministries International Portland, OR | $6,351,157 | $13,013,845 |