Eastbrook Academy Inc
- Assets
- $1.8m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 63
- Location
- Milwaukee, WI
- Founding
- 01/1999
- Data as of
- 06/2021
- EIN
- 39-1926815
Organization Overview
Eastbrook Academy Inc is located in Milwaukee, WI. The organization was established in 1999. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2021, Eastbrook Academy Inc employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastbrook 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 06/2021, Eastbrook Academy Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $3.5m during the year ending 06/2021. While expenses have increased by 2.5% per year over the past 6 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
EASTBROOK ACADEMY EXISTS TO SUPPORT FAMILIES FROM DIVERSE BACKGROUNDS IN THE ACADEMIC AND SPIRITUAL DEVELOPMENT OF THEIR CHILDREN FOR COLLEGE PREPARATION AND LIFE. THE ACADEMY IS FOUNDED TO IMPART A RIGOROUS CLASSICAL EDUCATION IN A LOVING ENVIRONMENT COMMITTED TO CHRISTIAN LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PRIVATE SCHOOL OFFERING PROGRAMS TO 4-YEAR-OLDS THROUGH 12TH GRADE DURING THE YEAR ENDED JUNE 30, 2021. THE SCHOOL SERVED APPROXIMATELY 370 STUDENTS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fredrick Pierce Head Of School | Officer | 40 | $81,500 |
George Loxton Board Chair | OfficerTrustee | 10 | $0 |
Bryan Browning Treasurer | OfficerTrustee | 2 | $0 |
Randy Mehl Vice Chair | OfficerTrustee | 2 | $0 |
Lisa Buethe Secretary And Eastbrook Ch | Officer | 2 | $0 |
Anne Osterwind Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brown Deer Schools Food Service | 6/29/21 | $191,882 |
A Chappa Construction Llc Leasehold Improvements | 6/29/21 | $253,431 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,500 |
| Related organizations | $0 |
| Government grants | $383,290 |
| All other contributions, gifts, grants, and similar amounts not included above | $602,911 |
| Noncash contributions included in lines 1a–1f | $10,471 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $992,701 |
| Total Program Service Revenue | $3,045,484 |
| Investment income | $3,728 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,620 |
| Net Income from Fundraising Events | $1,206 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,079,649 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $71,870 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,432 |
| Compensation of current officers, directors, key employees. | $19,608 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,895,745 |
| Pension plan accruals and contributions | $19,353 |
| Other employee benefits | $137,970 |
| Payroll taxes | $145,921 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $18,696 |
| Fees for services: Investment Management | $4,328 |
| Fees for services: Other | $49,718 |
| Advertising and promotion | $11,586 |
| Office expenses | $58,774 |
| Information technology | $71,569 |
| Royalties | $0 |
| Occupancy | $381,093 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $700 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,422 |
| Insurance | $29,929 |
| All other expenses | $0 |
| Total functional expenses | $3,517,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $622,051 |
| Savings and temporary cash investments | $227,032 |
| Pledges and grants receivable | $40,536 |
| Accounts receivable, net | $24,104 |
| 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 | $6,187 |
| Net Land, buildings, and equipment | $368,378 |
| Investments—publicly traded securities | $516,396 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,804,684 |
| Accounts payable and accrued expenses | $224,335 |
| Grants payable | $0 |
| Deferred revenue | $33,115 |
| 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 | $257,450 |
| Net assets without donor restrictions | $1,120,389 |
| Net assets with donor restrictions | $426,845 |
| 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 | $1,804,684 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Eastbrook Academy Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Youth Foundation Inc Milwaukee, WI PURPOSE: EDUCATION | $1,000 |
Endowment Analysis
| Beg. Balance | $190,590 |
| Earnings | $5,396 |
| Admin Expense | $3,057 |
| Net Contributions | $303,106 |
| Other Expense | $100,000 |
| Grants | $5,408 |
| Ending Balance | $390,627 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catherine Cook School Chicago, IL | $39,097,853 | $19,163,483 |
New St Paul Tabernacle Church Of God In Christ Head Start Agency Detroit, MI | $2,136,848 | $14,428,014 |
Rogers Park Montessori School Chicago, IL | $24,431,120 | $7,342,304 |
Woodlands School Inc Milwaukee, WI | $2,983,188 | $7,550,703 |
Chiaravalle Montessori School Evanston, IL | $20,991,628 | $8,509,054 |
Baraga Houghton Keweenaw Child Development Board Inc Houghton, MI | $2,508,419 | $6,917,101 |
Roycemore School Evanston, IL | $12,981,481 | $7,960,339 |
Lake Area Discovery Center White Bear Lake, MN | $2,847,181 | $7,699,616 |
Metropolitan Children And Youth Inc Detroit, MI | $1,358,627 | $5,984,825 |
Family Forum Inc Superior, WI | $1,927,260 | $6,315,479 |
Lake Country School Montessori Learning Environments Minneapolis, MN | $16,072,245 | $6,022,305 |
Wisconsin Montessori Society Inc Milwaukee, WI | $12,863,252 | $6,437,977 |