Adam J Lewis Academy Inc
- Assets
- $9.5m
- Revenue
- $6.9m
- Investments
- $38.6k
- Employees
- 70
- Location
- Bridgeport, CT
- Founding
- 02/2013
- Data as of
- 06/2024
- EIN
- 45-3859735
Organization Overview
Adam J Lewis Academy Inc is located in Bridgeport, CT. The organization was established in 2013. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2024, Adam J Lewis Academy Inc employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adam J Lewis 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 06/2024, Adam J Lewis Academy Inc generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 48.8% each year . All expenses for the organization totaled $6.4m during the year ending 06/2024. While expenses have increased by 54.7% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O FOR SUMMARYADAM J. LEWIS ACADEMY TRANSFORMS THE LIFE TRAJECTORIES OF UNDERSERVED CHILDREN IN BRIDGEPORT, CT. OUR MISSION IS TO PROVIDE AN ENRICHING, NURTURING, HIGH-QUALITY ELEMENTARY EXPERIENCE, WHICH WILL SET THE CHILDREN ON A PATH OF SUCCESS IN SCHOOL AND IN LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES AN INDEPENDENT CO-EDUCATIONAL DAY SCHOOL LOCATED IN DOWNTOWN BRIDGEPORT, CONNECTICUT - A COMMUNITY FACED WITH DEEP-SEATED CHALLENGES AND LIMITED EDUCATIONAL OPPORTUNITIES. THE SCHOOL ORIGINALLY OPENED AS A PRESCHOOL INSPIRING HOPE IN YOUNG LEARNERS AND THEIR FAMILIES. THE SCHOOL PROVIDES AN ENRICHED EXPERIENCE DURING THE CRITICALLY IMPORTANT EARLY YEARS TO TRANSFORM THE LIFE TRAJECTORIES OF UNDERSERVED CHILDREN.THE ACADEMY CURRENTLY PROVIDES PRESCHOOL, KINDERGARTEN, AND FIRST THROUGH FIFTH GRADE CLASSES WITH PLANS TO EXPAND THROUGH EIGHTH GRADE BY 2027.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia D Lewis Founder & Head Of School | OfficerTrustee | 40 | $72,500 |
Julie Mombello Co-Founder & Director | OfficerTrustee | 40 | $43,745 |
Kimberly Walin Treasurer | OfficerTrustee | 1 | $0 |
David Mcgrath Board Chair | OfficerTrustee | 1 | $0 |
John Munro Board Member | Trustee | 1 | $0 |
John G Duffy Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $848,768 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,169,870 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,018,638 |
| Total Program Service Revenue | $2,877,220 |
| Investment income | $25,008 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$82,504 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,880,386 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,519,887 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $163,224 |
| Compensation of current officers, directors, key employees. | $53,658 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,067,613 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $68,014 |
| Payroll taxes | $175,732 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,691 |
| Fees for services: Accounting | $22,820 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $87,637 |
| Advertising and promotion | $31,939 |
| Office expenses | $39,613 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $341,237 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $215,084 |
| Insurance | $47,268 |
| All other expenses | $80,058 |
| Total functional expenses | $6,391,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $793,456 |
| Savings and temporary cash investments | $795,458 |
| Pledges and grants receivable | $3,938,151 |
| Accounts receivable, net | $22,753 |
| 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 | $40,242 |
| Net Land, buildings, and equipment | $2,884,024 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $38,617 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,011,353 |
| Total assets | $9,524,054 |
| Accounts payable and accrued expenses | $568,951 |
| Grants payable | $0 |
| Deferred revenue | $23,342 |
| 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 | $1,007,335 |
| Total liabilities | $1,599,628 |
| Net assets without donor restrictions | $3,792,066 |
| Net assets with donor restrictions | $4,132,360 |
| 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 | $9,524,054 |