Middlebury Academy
- Assets
- $1.1m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Akron, OH
- Founding
- 08/2001
- Data as of
- 06/2021
- EIN
- 34-1866953
Organization Overview
Middlebury Academy is located in Akron, OH. The organization was established in 2001. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Middlebury 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, Middlebury Academy generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 6 years. 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
MIDDLEBURY ACADEMY IS DEDICATED TO IMPROVING THE LIVES OF ITS STUDENTS BY PROVIDING AUTHENTIC LEARNING EXPERIENCES IN A COLLABORATIVE, NURTURING ENVIRONMENT THAT WILL BUILD A FOUNDATION FOR STUDENTS' SUCCESS IN SCHOOL, AT FUTURE WORK, AND IN LIFE. TO ACHIEVE THE MISSION, OUR SCHOOL WILL INTEGRATE CURRENT LEARNING TECHNOLOGIES INTO EACH CLASSROOM. WE WILL OFFER AUTHENTIC LEARNING EXPERIENCES THAT ARE REPRESENTATIVE OF HOW CHILDREN LEARN BEST, AS WELL AS OFFER A SCHEDULE AND SUPPORT ACTIVITIES THAT ENABLE EACH STUDENT TO REACH TO HIS OR HER POTENTIAL. WE WANT OUR STUDENTS TO LEAVE WITH THE SKILLS AND ABILITIES NECESSARY TO ACHIEVE ACADEMIC EXCELLENCE, PERSONAL GROWTH, AND SUCCESS AS LIFELONG LEARNERS. THIS MISSION REQUIRES THE SUPPORT OF THE FACULTY, STAFF, FAMILIES, AND COMMUNITY IN ORDER TO ENCOURAGE AND EMPOWER STUDENTS TO BE RESPONSIBLE AND VALUED CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT MIDDLEBURY ACADEMY, OUR PHILOSOPHY AND APPROACH TO EDUCATION IS TO PROVIDE AN ACADEMIC EXPERIENCE THAT EXCEEDS ALL OTHER SCHOOL OFFERINGS. MIDDLEBURY CURRENTLY UTILIZES CURRICULUM THAT IS RICH IN CURRENT COMMON CORE STANDARDS AND EXPECTATIONS FOR ALL STUDENTS. OUR TEACHERS HAVE BEEN EXTENSIVELY TRAINED IN THEIR CURRICULUM AREAS, AS WELL AS IN COMMON CORE. MIDDLEBURY STAFF NOT ONLY PARTAKE IN DISTRICT PROFESSIONAL DEVELOPMENT, BUT ALSO SCHOOL LEVEL TRAININGS AS THEY PERTAIN TO OUR PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Mcdaniel Board President | Trustee | 2 | $3,500 |
Angela Robinson Board Member | Trustee | 1 | $3,375 |
Calleiah Kennedy Moss Board Member | Trustee | 1 | $2,685 |
Patricia Beals Board Member | Trustee | 1 | $2,250 |
Kathleen Brand Board Member | Trustee | 1 | $2,250 |
Michele Fort Board Member | Trustee | 1 | $2,250 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Visitation Of Mary Rent | 6/29/21 | $139,975 |
Entrepreneurial Ventures In Educaiton Educational Services | 6/29/21 | $185,628 |
Human Capital Concepts Education Services | 6/29/21 | $609,193 |
Forrester Education Education Management | 6/29/21 | $162,325 |
Comp Solutions Educational Services | 6/29/21 | $173,010 |
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 | $1,932,455 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,932,455 |
| 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 | $1,932,455 |
| 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 | $718,024 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | -$24,189 |
| Payroll taxes | $0 |
| Fees for services: Management | $188,244 |
| Fees for services: Legal | $26,945 |
| Fees for services: Accounting | $39,467 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,021 |
| Advertising and promotion | $100 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $263,588 |
| Travel | $0 |
| 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 | $49,109 |
| Insurance | $24,290 |
| All other expenses | $0 |
| Total functional expenses | $1,594,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,903 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $52,690 |
| Accounts receivable, net | $37,722 |
| 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 | $10,250 |
| Net Land, buildings, and equipment | $170,853 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $720,604 |
| Total assets | $1,113,022 |
| Accounts payable and accrued expenses | $423,893 |
| 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 | $0 |
| Other liabilities | $2,773,613 |
| Total liabilities | $3,197,506 |
| Net assets without donor restrictions | -$2,084,484 |
| 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 | $1,113,022 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Belmont Charter School Philadelphia, PA | $6,922,339 | $21,008,354 |
Propel Charter School Sunrise Pittsburgh, PA | $9,914,076 | $19,454,226 |
West Oak Lane Charter School Philadelphia, PA | $9,484,536 | $17,633,515 |
Mast Community Charter School Iii Philadelphia, PA | $53,124,349 | $21,172,350 |
Mast Community Charter School Ii Philadelphia, PA | $15,675,168 | $22,231,273 |
Mastery Charter School - Harrity Elementary Philadelphia, PA | $9,434,703 | $16,430,234 |
Wissahickon Charter School Philadelphia, PA | $12,512,836 | $17,919,129 |
York Academy Regional Charter School York, PA | $5,602,450 | $14,555,024 |
Career Academy Of South Bend Inc South Bend, IN | $28,812,268 | $15,770,291 |
21st Century Charter School At Gary Inc Indianapolis, IN | $16,296,159 | $15,193,404 |
Avondale Meadows Academy Inc Indianapolis, IN | $23,354,036 | $14,362,990 |
Mastery Charter School - Smedley Elementary Philadelphia, PA | $9,574,548 | $16,285,850 |