Eastbrook Academy Inc
- Assets
- $3.4m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 67
- Location
- Milwaukee, WI
- Founding
- 01/1999
- Data as of
- 06/2022
- 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 06/2022, Eastbrook Academy Inc employed 67 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 06/2022, Eastbrook Academy Inc generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $4.2m during the year ending 06/2022. While expenses have increased by 4.9% 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
EASTBROOK ACADEMY EXISTS TO SUPPORT FAMILIES FROM DIVERSE BACKGROUNDS IN THE ACADEMIC AND SPIRITUAL DEVELOPMENT OF THEIR CHILDREN. THE ACADEMY IMPARTS A RIGOROUS EDUCATION INSPIRED BY THE CLASSICAL MODEL IN A LOVING ENVIRONMENT COMMITTED TO CHRIST-LIKE LIVING. OUR STUDENTS WILL BE PREPARED TO EXCEL IN COLLEGE AND LIFE - READY TO HAVE AN IMPACT ON THE WORLD.
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, 2022. THE SCHOOL SERVED APPROXIMATELY 370 STUDENTS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Loxton Board Chair | OfficerTrustee | 1 | $0 |
Bryan Browning Treasurer | OfficerTrustee | 1 | $0 |
Randy Mehl Vice Chair | OfficerTrustee | 1 | $0 |
Anne Osterwind Director | Trustee | 1 | $0 |
Colin Jacobs Director | Trustee | 1 | $0 |
Matthew Buerosse Director | Trustee | 1 | $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 | $12,968 |
| Related organizations | $0 |
| Government grants | $708,391 |
| All other contributions, gifts, grants, and similar amounts not included above | $834,276 |
| Noncash contributions included in lines 1a–1f | $192,126 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,555,635 |
| Total Program Service Revenue | $3,533,804 |
| Investment income | $7,156 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,295 |
| Net Income from Fundraising Events | -$450 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,123,290 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $144,287 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $112,385 |
| Compensation of current officers, directors, key employees. | $28,096 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,086,830 |
| Pension plan accruals and contributions | $27,457 |
| Other employee benefits | $156,310 |
| Payroll taxes | $160,922 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $42,133 |
| Fees for services: Investment Management | $4,781 |
| Fees for services: Other | $118,532 |
| Advertising and promotion | $8,843 |
| Office expenses | $54,140 |
| Information technology | $111,112 |
| Royalties | $0 |
| Occupancy | $451,378 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,339 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,078 |
| Insurance | $34,843 |
| All other expenses | $187 |
| Total functional expenses | $4,248,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $664,889 |
| Savings and temporary cash investments | $18,092 |
| Pledges and grants receivable | $1,401,623 |
| Accounts receivable, net | $31,263 |
| 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 | $18,690 |
| Net Land, buildings, and equipment | $511,158 |
| Investments—publicly traded securities | $650,287 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $127,291 |
| Total assets | $3,423,293 |
| Accounts payable and accrued expenses | $359,276 |
| Grants payable | $0 |
| Deferred revenue | $16,330 |
| 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 | $375,606 |
| Net assets without donor restrictions | $2,476,995 |
| Net assets with donor restrictions | $570,692 |
| 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 | $3,423,293 |