East Bay Innovation Academy
- Assets
- $3.3m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 68
- Location
- Oakland, CA
- Founding
- 05/2014
- Data as of
- 06/2023
- EIN
- 46-2428863
Organization Overview
East Bay Innovation Academy is located in Oakland, CA. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2023, East Bay Innovation Academy employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Bay Innovation 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 06/2023, East Bay Innovation Academy generated $8.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $8.4m during the year ending 06/2023. While expenses have increased by 13.6% 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
TO MANAGE, OPERATE, GUIDE, DIRECT, AND PROMOTE EAST BAY INNOVATION ACADEMY, A PUBLC CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EAST BAY INNOVATION ACADEMY (EBIA) IS A COLLEGE PREPARATORY CHARTER SCHOOL OFFERING PUBLIC EDUCATION IN OAKLAND. EBIA SERVES STUDENTS THROUGH PERSONALIZED AND PROJECT-BASED LEARNING, AND BY LEVERAGING BEST PRACTICES IN CURRICULUM DESIGN AND TECHNOLOGY. DURING THE YEAR ENDED JUNE 30, 2023, THE SCHOOL SERVED APPROXIMATELY 510 STUDENTS IN GRADES 6-12 OVER 183-184 INSTRUCTIONAL DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francesca Fay Academic Dean | 40 | $140,056 | |
Christine L Mandilag Linked Learning Director | 40 | $134,930 | |
Diane Waite English Teacher | 40 | $106,681 | |
Hari Vasu Devan Math Teacher | 40 | $108,765 | |
Michelle Cho Executive Director | Officer | 40 | $107,923 |
Nicole Smith School Psychologist | 40 | $102,980 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,264,048 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,712 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,342,760 |
| Total Program Service Revenue | $50,803 |
| Investment income | $5 |
| 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 | $8,462,749 |
| 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. | $33,710 |
| Compensation of current officers, directors, key employees. | $1,685 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,385,508 |
| Pension plan accruals and contributions | $624,338 |
| Other employee benefits | $348,957 |
| Payroll taxes | $139,748 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $85,246 |
| Fees for services: Accounting | $18,814 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,180,619 |
| Advertising and promotion | $12,911 |
| Office expenses | $77,018 |
| Information technology | $95,949 |
| Royalties | $0 |
| Occupancy | $727,813 |
| Travel | $28,104 |
| 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 | $0 |
| Insurance | $120,621 |
| All other expenses | $200,716 |
| Total functional expenses | $8,408,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,617,375 |
| Savings and temporary cash investments | $5,736 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,456,643 |
| 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 | $49,950 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $143,609 |
| Total assets | $3,273,313 |
| Accounts payable and accrued expenses | $370,168 |
| Grants payable | $0 |
| Deferred revenue | $669,208 |
| 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 | $150,576 |
| Total liabilities | $1,189,952 |
| Net assets without donor restrictions | $2,083,361 |
| 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 | $3,273,313 |