Better Blended Learning for Toledo Inc
- Assets
- $569.9k
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Toledo, OH
- Founding
- Data as of
- 06/2016
- EIN
- 45-4671102
Organization Overview
Better Blended Learning for Toledo Inc, operating under the name Nexus Academy of Toledo, is located in Toledo, OH. Nexus Academy of Toledo is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN AND PROVIDE A SCHOOL WHICH PROVIDES THE OPPORTUNITY FOR SUCCESS TO, AND MOTIVATES AND INSTRUCTS, STUDENTS THROUGH A BLENDED LEARNING APPROACH, FEATURING AND ENGAGING CURRICULUM OF CORE, HONORS AND AP, AND ELECTIVE COURSES THAT ARE TAUGHT ONLINE AND IN PERSON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLENDED LEARNING'S HOLISTIC APPROACH HELPS EACH STUDENT THRIVE IN THE INDIVIDUAL WAY THAT WORKS BEST FOR HIM OR HER. WITH THIS COMBINATION OF IN-PERSON AND ONLINE INSTRUCTION, STUDENTS GET BOTH SUPPORT AND FLEXIBILITY, PUTTING A POSITIVE FOCUS ON LEARNING TO BRING OUT THE BEST IN EVERY STUDENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Goligoski Board Member | Trustee | 1 | $0 |
Jim Worden Board President | Trustee | 2 | $0 |
Angie Gall Board Member | Trustee | 1 | $0 |
Jim Walter Board Member | Trustee | 1 | $0 |
Rebecca Booth Board Member | Trustee | 1 | $0 |
Allen Underwood Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,100,279 |
| 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 | $2,100,279 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $441,202 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,521 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,068 |
| Fees for services: Accounting | $26,688 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $645,001 |
| Advertising and promotion | $534 |
| Office expenses | $33,690 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $299,558 |
| Travel | $15,900 |
| 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 | $7,235 |
| Insurance | $256 |
| All other expenses | $0 |
| Total functional expenses | $2,108,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,989 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $51,456 |
| Accounts receivable, net | $3,479 |
| 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 | $23,560 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $327,714 |
| Total assets | $569,937 |
| Accounts payable and accrued expenses | $232,094 |
| 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 | $1,104,560 |
| Total liabilities | $1,336,654 |
| Net assets without donor restrictions | -$784,455 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $17,738 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$766,717 |
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