Eton Academy
- Assets
- $18.4m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 109
- Location
- Birmingham, MI
- Founding
- 06/1981
- Data as of
- 06/2022
- EIN
- 38-2298096
Organization Overview
Eton Academy is located in Birmingham, MI. The organization was established in 1981. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Eton Academy employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eton 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, Eton Academy generated $7.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $6.7m during the year ending 06/2022. While expenses have increased by 1.2% 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
TO PROVIDE EDUCATIONAL ASSISTANCE TO LEARNING DISABLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ETON ACADEMY EDUCATES STUDENTS WITH READING, ATTENTION AND OTHER LEARNING CHALLENGES - BUILDING ACADEMIC SKILLS AND SELF-CONFIDENCE IN AN ACCEPTING AND SUPPORTIVE ENVIRONMENT. DURING THE FISCAL YEAR 2022 THEY EDUCATED 210 STUDENTS IN GRADES 1-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Tattrie Loepp President | OfficerTrustee | 2 | $0 |
Michael Plotzke Treasurer | OfficerTrustee | 2 | $0 |
Lawrence Bluth Secretary | OfficerTrustee | 2 | $0 |
Mark Goodman Trustee | Trustee | 1 | $0 |
Patricia Hartmann Vice President | OfficerTrustee | 2 | $0 |
Paula Laneve Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Russell Building Services Corp Building Maintenance | 6/29/22 | $335,517 |
Avalon Technologies Technology Consultant | 6/29/22 | $159,572 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $222,816 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $497,406 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $720,222 |
| Total Program Service Revenue | $6,321,387 |
| Investment income | $197,243 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $110,457 |
| Net Income from Fundraising Events | $42,425 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,589,051 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $437,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $348,215 |
| Compensation of current officers, directors, key employees. | $348,215 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,448,793 |
| Pension plan accruals and contributions | $125,963 |
| Other employee benefits | $358,550 |
| Payroll taxes | $260,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,060 |
| Fees for services: Accounting | $48,705 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,637 |
| Fees for services: Other | $47,220 |
| Advertising and promotion | $19,081 |
| Office expenses | $77,716 |
| Information technology | $191,051 |
| Royalties | $0 |
| Occupancy | $527,917 |
| Travel | $554 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,117 |
| Interest | $74,982 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $408,780 |
| Insurance | $23,755 |
| All other expenses | $64,813 |
| Total functional expenses | $6,744,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,866,632 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $888,415 |
| Accounts receivable, net | $91,823 |
| 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 | $63,916 |
| Net Land, buildings, and equipment | $6,711,876 |
| Investments—publicly traded securities | $8,711,073 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $114,328 |
| Total assets | $18,448,063 |
| Accounts payable and accrued expenses | $507,572 |
| Grants payable | $0 |
| Deferred revenue | $336,744 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $14,975 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,349,007 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,208,298 |
| Net assets without donor restrictions | $12,813,056 |
| Net assets with donor restrictions | $2,426,709 |
| 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 | $18,448,063 |