Innovative Education Partnership Corporation
- Assets
- $2.9m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 140
- Location
- Maryville, TN
- Founding
- 06/2012
- Data as of
- 06/2024
- EIN
- 45-2317548
Organization Overview
Innovative Education Partnership Corporation, operating under the name Clayton-Bradley Academy, is located in Maryville, TN. The organization was established in 2012. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2024, Clayton-Bradley Academy employed 140 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clayton-Bradley 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 06/2024, Clayton-Bradley Academy generated $6.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $6.4m during the year ending 06/2024. While expenses have increased by 9.8% per year over the past 9 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISH, MAINTAIN, OPERATE AND CONDUCT PRIMARY AND SECONDARY SCHOOLS FOR THE PURPOSE OF EDUCATING STUDENTS
Describe the Organization's Program Activity:
ESTABLISH, MAINTAIN, OPERATE AND CONDUCT PRIMARY AND SECONDARY SCHOOLS FOR THE PURPOSE OF EDUCATING STUDENTS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ross Bradley Board Member | Trustee | 1 | $0 |
Susan Brown Board Member | Trustee | 1 | $0 |
Linda Jordan Board Member | Trustee | 1 | $0 |
Margie Nichols Board Member | Trustee | 1 | $0 |
Lynn Peterson Board Member | Trustee | 1 | $0 |
Wayne Davis Board Member | Trustee | 1 | $0 |
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 | $1,004,775 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,004,775 |
| Total Program Service Revenue | $5,354,949 |
| Investment income | $18,052 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $202,074 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,640,271 |
| 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. | $271,412 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,649,606 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $173,276 |
| Payroll taxes | $297,451 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $7,606 |
| Advertising and promotion | $0 |
| Office expenses | $225,135 |
| Information technology | $207,114 |
| Royalties | $0 |
| Occupancy | $283,498 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,711 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,551 |
| Insurance | $7,015 |
| All other expenses | $0 |
| Total functional expenses | $6,386,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,662,139 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $137,090 |
| 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 | $7,055 |
| Net Land, buildings, and equipment | $71,605 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,616 |
| Total assets | $2,881,505 |
| Accounts payable and accrued expenses | $2,711 |
| Grants payable | $0 |
| Deferred revenue | $379,840 |
| 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 | $382,551 |
| Net assets without donor restrictions | $2,220,563 |
| Net assets with donor restrictions | $278,391 |
| 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 | $2,881,505 |