Steam Academy Of Warren
- Assets
- $2.6m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Warren, OH
- Founding
- 09/2014
- Data as of
- 06/2023
- EIN
- 45-1266409
Organization Overview
Steam Academy Of Warren is located in Warren, OH. The organization was established in 2014. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steam Academy Of Warren 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, Steam Academy Of Warren generated $4.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $4.2m during the year ending 06/2023. While expenses have increased by 6.2% per year over the past 8 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
TO PROVIDE OPPORTUNITIES FOR EDUCATIONAL CHOICE TO STUDENTS AND FAMILIES OF THIS COMMUNITY. THE ORGANIZATION IS PRIMARILY ENGAGED IN PROVIDING INSTRUCTIONAL SERVICES TO ENROLLED STUDENTS IN GRADES K-8.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSES FOR WHICH THE CORPORATION WAS FORMED, AS STATED IN ITS ARTICLES OF INCORPORATION, ARE TO ESTABLISH AND RUN A CHARTER SCHOOL IN THE STATE OF OHIO FOR THE BENEFIT OF THE CHILDREN, OF THE COMMUNITY, AND TO ENGAGE IN ANY OTHER ACTIVITIES INCIDENTAL TO THE FOREGOING PURPOSES FOR WHICH A CORPORATION MAY BE ORGANIZED UNDER CHAPTER 1702 OF THE OHIO REVISED CODE; PROVIDED, HOWEVER, THAT THE CORPORATION IS ORGANIZED AND SHALL AT ALL TIMES BE OPERATED EXCLUSIVELY WITHIN THE CONFINES OF IRC 501C3.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Brown Board Member | Trustee | 1 | $1,585 |
James Carpenter Board Member | Trustee | 1 | $1,560 |
Tiffany Lampley Board Member | Trustee | 1 | $1,560 |
Cassandra Whiteside Board Member | Trustee | 1 | $1,560 |
James Gibbs Board Member | Trustee | 1 | $1,435 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arlenes Cuisine Student Food Service | 6/29/23 | $235,657 |
Accel Schools Llc Management Services | 6/29/23 | $988,462 |
Atcs Inc Construction Services | 6/29/23 | $175,538 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,639,047 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,639,047 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,639,047 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,595,566 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $590,086 |
| Payroll taxes | $0 |
| Fees for services: Management | $353,766 |
| Fees for services: Legal | $2,658 |
| Fees for services: Accounting | $12,548 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $256,990 |
| Advertising and promotion | $52,282 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $702,587 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,124 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,515 |
| Insurance | $38,635 |
| All other expenses | $14,770 |
| Total functional expenses | $4,176,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $630,161 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $232,577 |
| Accounts receivable, net | $0 |
| 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 | $41,768 |
| Net Land, buildings, and equipment | $431,443 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,264,913 |
| Total assets | $2,600,862 |
| Accounts payable and accrued expenses | $213,366 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,573,665 |
| Total liabilities | $3,787,031 |
| Net assets without donor restrictions | -$1,186,169 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,600,862 |