Andrews Osborne Academy
- Assets
- $14.1m
- Revenue
- $14.4m
- Investments
- $0.0
- Employees
- 211
- Location
- Willoughby, OH
- Founding
- 05/1937
- Data as of
- 06/2022
- EIN
- 34-0714625
Organization Overview
Andrews Osborne Academy is located in Willoughby, OH. The organization was established in 1937. 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, Andrews Osborne Academy employed 211 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Andrews Osborne 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 06/2022, Andrews Osborne Academy generated $14.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $13.2m during the year ending 06/2022. While expenses have increased by 3.4% 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
ANDREWS OSBORNE ACADEMY PREPARES STUDENTS FOR HIGHER EDUCATION AND EMPOWERS THEM TO BE SUCCESSFUL LEADERS COMMITTED TO SERVING IN AN INTERNATIONAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL EDUCATES GIRLS AND BOYS FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE. THE NUMBER OF STUDENTS ATTENDING THE SCHOOL DURING THE CURRENT SCHOOL YEAR WAS APPROXIMATELY 350.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Goodman Head Of Scho | Officer | 40 | $152,520 |
Maureen Ischay Chief Develo | Officer | 40 | $116,424 |
Jack Poldruhi Chief Financ | Officer | 40 | $88,591 |
Scott Mcnevan Assistant He | Officer | 40 | $76,116 |
James Stayer Director Of | Officer | 40 | $61,459 |
Adam Bowden Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jordan & Jordan Construction Llc Construction | 6/29/16 | $147,890 |
Cross Pacific Access Llc Consulting | 6/29/16 | $125,572 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,158,914 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,901,935 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,060,849 |
| Total Program Service Revenue | $10,595,266 |
| Investment income | $79,282 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $267,001 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,002 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,380,360 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,958,568 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $562,625 |
| Compensation of current officers, directors, key employees. | $68,874 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,397,779 |
| Pension plan accruals and contributions | $57,375 |
| Other employee benefits | $566,756 |
| Payroll taxes | $296,508 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,188 |
| Fees for services: Other | $342,746 |
| Advertising and promotion | $32,859 |
| Office expenses | $23,638 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $269,231 |
| Travel | $33,173 |
| 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 | $776,663 |
| Insurance | $204,400 |
| All other expenses | $40,000 |
| Total functional expenses | $13,247,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $458,430 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,906,156 |
| Accounts receivable, net | $462,783 |
| 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 | $205,520 |
| Net Land, buildings, and equipment | $9,825,627 |
| Investments—publicly traded securities | $1,268,872 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $748 |
| Total assets | $14,128,136 |
| Accounts payable and accrued expenses | $736,215 |
| Grants payable | $0 |
| Deferred revenue | $1,819,219 |
| 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 | $34,098 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,246,122 |
| Total liabilities | $3,835,654 |
| Net assets without donor restrictions | $7,227,288 |
| Net assets with donor restrictions | $3,065,194 |
| 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 | $14,128,136 |