Peoria Academy Inc
- Assets
- $4.8m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 47
- Location
- Peoria, IL
- Founding
- 05/2000
- Data as of
- 06/2023
- EIN
- 36-4346113
Organization Overview
Peoria Academy Inc is located in Peoria, IL. The organization was established in 2000. 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 06/2023, Peoria Academy Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peoria Academy Inc 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 06/2023, Peoria Academy Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PEORIA ACADEMY IS A DIVERSE COMMUNITY OF STUDENTS, PARENTS, AND EDUCATORS WORKING TOGETHER TO PROVIDE A RIGOROUS EDUCATIONAL EXPERIENCE. USING PROGRESSIVE TECHNIQUES THAT NURTURE THE WHOLE CHILD, OUR INDEPENDENT SCHOOL FOSTERS INTRINSIC MOTIVATION, RESILIENCE, AND CREATIVITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATION TO CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Bachelor Director Of Fin | OfficerTrustee | 40 | $68,935 |
Christopher Wilson Head Of School | OfficerTrustee | 40 | $7,077 |
Tanner Jamison Trustee | Trustee | 2 | $0 |
Mark Guzzardo Vice President | OfficerTrustee | 4 | $0 |
Christa Spates-Bell Trustee | Trustee | 2 | $0 |
Drew Faries Trustee | Trustee | 2 | $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 | $135,535 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,535 |
| Total Program Service Revenue | $1,633,004 |
| Investment income | $35,954 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$37 |
| Net Income from Fundraising Events | $87,009 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,900,607 |
| 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. | $85,336 |
| Compensation of current officers, directors, key employees. | $85,336 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $992,656 |
| Pension plan accruals and contributions | $7,173 |
| Other employee benefits | $107,179 |
| Payroll taxes | $88,746 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,440 |
| Fees for services: Accounting | $23,645 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,576 |
| Advertising and promotion | $53,044 |
| Office expenses | $0 |
| Information technology | $44,989 |
| Royalties | $0 |
| Occupancy | $25,581 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $42,192 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $185,386 |
| Insurance | $18,248 |
| All other expenses | $169,236 |
| Total functional expenses | $2,316,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,704 |
| Savings and temporary cash investments | $1,269,609 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,998 |
| 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 | $32,677 |
| Net Land, buildings, and equipment | $3,352,780 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $82,605 |
| Total assets | $4,783,373 |
| Accounts payable and accrued expenses | $139,852 |
| Grants payable | $0 |
| Deferred revenue | $501,999 |
| 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 | $1,515,435 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $83,505 |
| Total liabilities | $2,240,791 |
| Net assets without donor restrictions | $2,542,582 |
| 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 | $4,783,373 |