George Jackson Academy
- Assets
- $6.7m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 40
- Location
- New York, NY
- Founding
- 06/2004
- Data as of
- 08/2021
- EIN
- 33-1070696
Organization Overview
George Jackson Academy is located in New York, NY. The organization was established in 2004. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 08/2021, George Jackson Academy employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George Jackson 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 08/2021, George Jackson Academy generated $5.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $5.0m during the year ending 08/2021. While expenses have increased by 3.1% 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
EDUCATION - SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
GEORGE JACKSON ACADEMY IS AN ALL BOYS INDEPENDENT SCHOOL GRADES FIVE THROUGH EIGHT. GJA EDUCATES ACADEMICALLY TALENTED YOUNG MEN FROM LOW ECONOMIC BACKGROUNDS AND PROVIDES THEM WITH ACADEMIC RIGOR AND NURTURING SOCIAL-EMOTIONAL SUPPORT. GJA GRADUATES YOUNG MEN TO THE MOST SELECTIVE SCHOOLS IN NYC AND ACROSS THE COUNTRY. DURING THE 2020 TAX YEAR, GJA HAD 100+ STUDENTS ATTENDING THE SCHOOL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Underwood Head Of School | OfficerTrustee | 40 | $264,369 |
Nicole Mccabe Associate Head Of School | Officer | 40 | $116,720 |
Steve Lipman Chair | OfficerTrustee | 5 | $0 |
Stephen Kuppenheimer Treasurer | OfficerTrustee | 1 | $0 |
Elisabeth Hutchins Vice-Chair | OfficerTrustee | 1 | $0 |
Michael Carroll Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dhi Construction Svcs Inc School Renovation | 8/30/19 | $1,232,453 |
Tamenaja Trans Inc Student Bus Service | 8/30/19 | $125,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $375,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,293,996 |
| Noncash contributions included in lines 1a–1f | $54,508 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,669,296 |
| Total Program Service Revenue | $2,515,874 |
| Investment income | $60,118 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $864 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,295,717 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,306,737 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $331,717 |
| Compensation of current officers, directors, key employees. | $66,343 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,213,915 |
| Pension plan accruals and contributions | $29,133 |
| Other employee benefits | $185,380 |
| Payroll taxes | $145,941 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $90 |
| Fees for services: Accounting | $27,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,769 |
| Advertising and promotion | $55,429 |
| Office expenses | $106,370 |
| Information technology | $5,104 |
| Royalties | $0 |
| Occupancy | $253,846 |
| Travel | $658 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,733 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,771 |
| Insurance | $40,236 |
| All other expenses | $1,351 |
| Total functional expenses | $4,977,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $1,078,973 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,474 |
| 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 | $1,667 |
| Net Land, buildings, and equipment | $1,441,730 |
| Investments—publicly traded securities | $4,142,749 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,674,593 |
| Accounts payable and accrued expenses | $84,843 |
| Grants payable | $0 |
| Deferred revenue | $2,550 |
| 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 | $336,317 |
| Total liabilities | $423,710 |
| Net assets without donor restrictions | $2,146,102 |
| Net assets with donor restrictions | $4,104,781 |
| 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 | $6,674,593 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that George Jackson Academy has recieved totaling $232,633.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $166,829 |
Washington Square Fund Woodside, NY PURPOSE: TO SUPPORT THE ORGANIZATIONS MISSION. | $30,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,554 |
Youth Improving Non-Profits For Children New York, NY PURPOSE: See Part IV | $11,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $7,250 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $6,000 |
Endowment Analysis
| Beg. Balance | $3,339,058 |
| Earnings | $836,840 |
| Other Expense | $190,301 |
| Ending Balance | $3,985,597 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Variety Child Learning Center Syosset, NY | $8,356,973 | $21,867,725 |
Nashoba Learning Group Inc Bedford, MA | $17,818,775 | $20,934,730 |
The Hagedorn Little Village School Seaford, NY | $17,101,359 | $21,155,572 |
Summit School Upper Nyack, NY | $17,974,431 | $18,614,927 |
Steppingstone Day School Inc Kew Garden Hills, NY | $5,707,568 | $18,884,905 |
Childrens Center Of Hamden Inc Hamden, CT | $5,057,304 | $17,805,585 |
Kennedy Childrens Center New York, NY | $16,208,391 | $17,351,422 |
Eclc Of Nj A New Jersey Non Profit Corporation Chatham, NJ | $5,195,140 | $18,377,068 |
Kingsway Learning Center Moorestown, NJ | $5,041,618 | $18,181,631 |
Pennsylvania School For The Deaf Philadelphia, PA | $50,307,552 | $18,217,495 |
League School Brooklyn, NY | $8,003,102 | $18,878,930 |
League School Of Greater Boston Inc Walpole, MA | $19,876,889 | $16,713,452 |