Embers Academy
- Assets
- $1.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 50
- Location
- Niles, IL
- Founding
- 06/1997
- Data as of
- 06/2022
- EIN
- 36-4006154
Organization Overview
Embers Academy is located in Niles, IL. The organization was established in 1997. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Embers Academy employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Embers 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, Embers Academy generated $2.1m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 12.5% per year over the past 3 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 EMBERS ACADEMY IS AN INDEPENDENT SCHOOL THAT TEACHES CHILDREN FROM GRADES PRE-K THROUGH FIFTH. THERE WERE 228 STUDENTS WHO ATTENDED THE EMBERS ACADEMY DURING THE FISCAL YEAR ENDING JUNE 30, 2022.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EMBERS ACADEMY IS AN INDEPENDENT SCHOOL THAT TEACHES CHILDREN FROM GRADES PRE-K THROUGH FIFTH. THERE WERE 228 STUDENTS WHO ATTENDED THE EMBERS ACADEMY DURING THE FISCAL YEAR ENDING JUNE 30, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Carter President | Trustee | 0 | $0 |
Peter Spingola Secretary | Trustee | 0 | $0 |
George Holohan Treasurer | Trustee | 0 | $0 |
Kelly Beck Director | Trustee | 0 | $0 |
Jason Elder Director | Trustee | 0 | $0 |
Brian Jenn Director | Trustee | 0 | $0 |
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 | $300,868 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300,868 |
| Total Program Service Revenue | $1,566,167 |
| Investment income | $1,719 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $203,783 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,072,537 |
| 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. | $101,500 |
| Compensation of current officers, directors, key employees. | $40,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $881,640 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $145,128 |
| Payroll taxes | $78,499 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,600 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,833 |
| Office expenses | $24,306 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,517 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,327 |
| Insurance | $22,942 |
| All other expenses | $102,599 |
| Total functional expenses | $1,736,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,886 |
| Savings and temporary cash investments | $1,215,533 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,008 |
| 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 | $0 |
| Net Land, buildings, and equipment | $287,004 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,417 |
| Total assets | $1,697,848 |
| Accounts payable and accrued expenses | $5,411 |
| Grants payable | $0 |
| Deferred revenue | $114,341 |
| 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 | $119,752 |
| Net assets without donor restrictions | $1,578,096 |
| 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 | $1,697,848 |