Ea Young Academy
- Assets
- $963.0k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 26
- Location
- Roanoke, TX
- Founding
- 01/2014
- Data as of
- 07/2023
- EIN
- 45-3930852
Organization Overview
Ea Young Academy is located in Roanoke, TX. The organization was established in 2014. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 07/2023, Ea Young Academy employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ea Young 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 07/2023, Ea Young Academy generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $1.8m during the year ending 07/2023. While expenses have increased by 7.2% 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
E A YOUNG ACADEMY IS A NOT-FOR-PROFIT, PRIVATE ACADEMY DEVELOPING INNOVATIVE, PROBLEM SOLVING, COMPASSIONATE STEWARDS OF OUR GLOBAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: E A YOUNG ACADEMY IS A K-12, NOT-FOR-PROFIT PRIVATE ACADEMY DEDICATED TO THE GIFTED, TALENTED AND HIGH ABILITY SCHOLAR. IT CURRENTLY SERVES 74 SCHOLARS, DRAWING FROM AN APPROXIMATELY 15 MILE RADIUS. THE STUDENT POPULATION IS A DIVERSE COMMUNITY OF LEARNERS INCLUDING AFRICAN AMERICAN, ASIAN, HISPANIC, CAUCASIAN AND MULTI-RACIAL FAMILIES. THE PRIMARY MECHANISM USED TO MEASURE SCHOLAR GROWTH IS THROUGH THE ADMINISTRATION OF THE MEASURES OF ACADEMIC PROGRESS (MAP) TESTING. THIS IS A COMPUTERIZED, ADAPTIVE TEST THAT ADJUSTS THE DIFFICULTY OF THE QUESTIONS TO THE LEVEL OF THE SCHOLAR. THE MAJORITY OF OUR SCHOLAR'S RESULTS SHOW A HIGH GROWTH RATE COUPLED WITH A HIGH ACHIEVEMENT RATE. FURTHER INFORMATION IS AVAILABLE UPON REQUEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Lyda Head Of School | Officer | 60 | $110,800 |
Aimee Anglin Assistant Head Of School | Officer | 60 | $77,313 |
Gayle Brown Director | Trustee | 40 | $53,003 |
Rebekah Reeder Director | Trustee | 2 | $0 |
George Cabrera Director | Trustee | 2 | $0 |
Megan Cloud Director | Trustee | 2 | $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 | $255,117 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $255,117 |
| Total Program Service Revenue | $1,732,330 |
| Investment income | $8,855 |
| 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 | $1,996,302 |
| 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. | $224,370 |
| Compensation of current officers, directors, key employees. | $61,938 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $615,477 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $68,044 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,830 |
| Fees for services: Accounting | $6,986 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,697 |
| Office expenses | $6,885 |
| Information technology | $31,207 |
| Royalties | $0 |
| Occupancy | $653,758 |
| 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 | $16,139 |
| Insurance | $4,051 |
| All other expenses | $124,761 |
| Total functional expenses | $1,777,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,243 |
| Savings and temporary cash investments | $278,456 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $574,236 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,035 |
| Total assets | $962,970 |
| Accounts payable and accrued expenses | $0 |
| 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 | $386,437 |
| Total liabilities | $386,437 |
| Net assets without donor restrictions | $576,533 |
| 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 | $962,970 |