Eton Academy
- Assets
- $18.9m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 107
- Location
- Birmingham, MI
- Founding
- 06/1981
- Data as of
- 06/2021
- 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 06/2021, Eton Academy employed 107 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 06/2021, Eton Academy generated $8.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $6.4m during the year ending 06/2021. While expenses have increased by 0.3% 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
2021
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 2021 THEY EDUCATED 210 STUDENTS IN GRADES 1-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George J Pullen Head Of School | Officer | 40 | $297,495 |
Penelope Christianson Hewer Head Of Academics | 40 | $130,904 | |
Margaret Myszkowski CFO | 40 | $123,812 | |
Jamie Gannon Lower School Director | 40 | $109,701 | |
Diane Pode-Degroot Upper School Director | 40 | $107,947 | |
Ellen Tatone Center For Teaching And Learning Director | 40 | $106,396 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Russell Building Services Corp Building Maintenance | 6/29/21 | $266,647 |
Avalon Technologies Technology Consultant | 6/29/21 | $199,657 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,283,170 |
| Investment income | $187,357 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $227,811 |
| Net Income from Fundraising Events | $66,811 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,548,124 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $415,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $289,699 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,458,799 |
| Pension plan accruals and contributions | $130,880 |
| Other employee benefits | $343,304 |
| Payroll taxes | $236,868 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,488 |
| Fees for services: Accounting | $46,770 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,271 |
| Fees for services: Other | $23,847 |
| Advertising and promotion | $35,060 |
| Office expenses | $56,988 |
| Information technology | $169,786 |
| Royalties | $0 |
| Occupancy | $479,707 |
| Travel | $15 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,373 |
| Interest | $69,955 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $393,733 |
| Insurance | $23,265 |
| All other expenses | $0 |
| Total functional expenses | $6,359,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,765,774 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $997,467 |
| Accounts receivable, net | $98,901 |
| 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 | $93,267 |
| Investments—publicly traded securities | $9,291,518 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19 |
| Total assets | $18,917,917 |
| Accounts payable and accrued expenses | $570,979 |
| Grants payable | $0 |
| Deferred revenue | $506,527 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $12,142 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,485,407 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $83,573 |
| Total liabilities | $3,658,628 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $15,259,289 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Eton Academy has recieved totaling $416,323.
| Awarding Organization | Amount |
|---|---|
Impact100 Oakland County Birmingham, MI PURPOSE: GENERAL SUPPORT | $91,000 |
Hilda E Bretzlaff Foundation Inc Milford, MI PURPOSE: EDUCATION | $50,000 |
Organization Name not Listed PURPOSE: TEACHING & LEARNING | | $45,000 |
Hilda E Bretzlaff Foundation Inc Milford, MI PURPOSE: EDUCATION | $42,500 |
Hilda E Bretzlaff Foundation Inc Milford, MI PURPOSE: EDUCATION | $37,500 |
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: GENERAL OPERATIONS | $25,085 |
Endowment Analysis
| Beg. Balance | $1,843,923 |
| Earnings | $488,715 |
| Grants | $103,200 |
| Ending Balance | $2,229,438 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
La Causa Inc Milwaukee, WI | $21,522,910 | $16,623,620 |
Gibault Inc Terre Haute, IN | $35,353,670 | $13,928,805 |
Lawrence School Broadview Heights, OH | $26,810,351 | $14,941,230 |
Chileda Institute Inc La Crosse, WI | $16,643,719 | $12,257,585 |
Marburn Academy Inc New Albany, OH | $15,756,031 | $10,606,006 |
United Disability Services Inc Akron, OH | $14,431,720 | $8,204,712 |
Sycamore School Inc Indianapolis, IN | $14,641,130 | $8,887,687 |
Emerson School Inc Ann Arbor, MI | $12,947,706 | $9,936,542 |
Springer School & Center Cincinnati, OH | $14,160,630 | $8,045,731 |
Shepherds Baptist Ministries Inc Union Grove, WI | $10,932,314 | $7,438,958 |
W A Y Widening Advancements For Youth Belleville, MI | $282,521 | $6,799,308 |
Eton Academy Birmingham, MI | $18,917,917 | $8,548,124 |