Arts Academy Charter School Inc
- Assets
- $9.7m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 95
- Location
- Allentown, PA
- Founding
- 10/2012
- Data as of
- 06/2022
- EIN
- 45-3586665
Organization Overview
Arts Academy Charter School Inc is located in Allentown, PA. The organization was established in 2012. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Arts Academy Charter School Inc employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arts Academy Charter School 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, Arts Academy Charter School Inc generated $6.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $5.7m during the year ending 06/2022. While expenses have increased by 2.8% 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
THE ARTS ACADEMY CHARTER SCHOOL: SERVING STUDENTS IN GRADES 5-8, IS A FREE, ARTS-ENRICHED PUBLIC SCHOOL. ACADEMIC CURRICULUM WILL BE ENRICHED BY CLASSES IN DANCE, FIGURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTS ACADEMY CHARTER SCHOOL IS AN INDEPENDENT CHARTER SCHOOL WITH A PRIMARY PURPOSE TO PROVIDE EDUCATION TO GRADES 5TH TO 8TH WHILE MEETING AND EXCEEDING STATE ACADEMIC STANDARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Passerman President | OfficerTrustee | 1 | $0 |
Scott Keifer President | OfficerTrustee | 1 | $0 |
John Bell Board Member | OfficerTrustee | 1 | $0 |
Anu Sachdev Board Member | OfficerTrustee | 1 | $0 |
Susan Harlan Board Member | OfficerTrustee | 1 | $0 |
Elizabeth Massa Board Member | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
West Bethlehem Ventures Llc Rent | 6/29/22 | $122,543 |
Arts Academy Charter Middle School Rent | 6/29/22 | $264,212 |
Repice Taylor Inc Business Services | 6/29/22 | $103,857 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,215,445 |
| 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 | $6,215,445 |
| 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. | $187,866 |
| Compensation of current officers, directors, key employees. | $187,866 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,368,930 |
| Pension plan accruals and contributions | $416,714 |
| Other employee benefits | $828,006 |
| Payroll taxes | $206,533 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $106,560 |
| Fees for services: Accounting | $120,947 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $112,977 |
| Advertising and promotion | $8,018 |
| Office expenses | $2,810 |
| Information technology | $3,000 |
| Royalties | $0 |
| Occupancy | $367,630 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $7,801 |
| Conferences, conventions, and meetings | $0 |
| Interest | $55,219 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,118 |
| Insurance | $60,537 |
| All other expenses | $332,992 |
| Total functional expenses | $5,747,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,456,715 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $799,592 |
| 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 | $5,630 |
| Net Land, buildings, and equipment | $6,825,783 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $565,092 |
| Total assets | $9,652,812 |
| Accounts payable and accrued expenses | $574,207 |
| 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 | $11,692,294 |
| Total liabilities | $12,266,501 |
| Net assets without donor restrictions | -$2,878,143 |
| Net assets with donor restrictions | $264,454 |
| 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 | $9,652,812 |