Independent Scholastic Association Incorporated
- Assets
- $8.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 27
- Location
- Menomonee Falls, WI
- Founding
- 12/1991
- Data as of
- 06/2023
- EIN
- 39-1695897
Organization Overview
Independent Scholastic Association Incorporated is located in Menomonee Falls, WI. The organization was established in 1991. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Independent Scholastic Association Incorporated employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Scholastic Association Incorporated 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, Independent Scholastic Association Incorporated generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $1.9m during the year ending 06/2023. While expenses have increased by 18.6% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OFFERS UNIQUE EDUCATION OPPORTUNITIES FOR PRE-KINDERGARTEN THROUGH EIGHTH GRADE STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AQUINAS ACADEMY, CHRISTIAN BASED SCHOOL SERVING PRE-KINDERGARTEN THROUGH EIGHTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Hundt President And Treasurer | OfficerTrustee | 5 | $0 |
Patricia Hundt Secretary | OfficerTrustee | 5 | $0 |
Richard Fessenbecker Director | Trustee | 1 | $0 |
Peter Ericksen Director | Trustee | 1 | $0 |
Tim Dondlinger Director | Trustee | 1 | $0 |
Lyle Landowski Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $73,336 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $467,437 |
| Noncash contributions included in lines 1a–1f | $63,774 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $540,773 |
| Total Program Service Revenue | $1,180,301 |
| Investment income | $144 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,583 |
| Net Gain/Loss on Asset Sales | $617 |
| Net Income from Fundraising Events | -$3,559 |
| Net Income from Gaming Activities | $1,956 |
| Net Income from Sales of Inventory | $4,894 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,742,709 |
| 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. | $77,002 |
| Compensation of current officers, directors, key employees. | $25,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $894,812 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $73,146 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,323 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $960 |
| Advertising and promotion | $0 |
| Office expenses | $37,462 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $213,189 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $97,136 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $262,346 |
| Insurance | $31,577 |
| All other expenses | $2,306 |
| Total functional expenses | $1,866,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281,390 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,590 |
| Accounts receivable, net | $2,200 |
| 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 | $7,730,603 |
| Investments—publicly traded securities | $11,499 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $25,407 |
| Other assets | $0 |
| Total assets | $8,063,689 |
| Accounts payable and accrued expenses | $78,881 |
| Grants payable | $0 |
| Deferred revenue | $205,673 |
| 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 | $1,948,836 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,233,390 |
| Net assets without donor restrictions | $5,780,691 |
| Net assets with donor restrictions | $49,608 |
| 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 | $8,063,689 |