Logos Academy
- Assets
- $328.2k
- Revenue
- $722.1k
- Investments
- $0.0
- Employees
- 35
- Location
- Herndon, VA
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-3380138
Organization Overview
Logos Academy is located in Herndon, VA. The organization was established in 2014. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 12/2022, Logos Academy employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Logos 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 12/2022, Logos Academy generated $722.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 40.4% each year . All expenses for the organization totaled $639.5k during the year ending 12/2022. While expenses have increased by 37.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LOGOS ACADEMY IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, RELIGIOUS OR SCIENTIFIC PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 2006 AND SUBSEQUENT AMENDMENTS THERETO. SPECIFICALLY THE PURPOSE OF LOGOS ACADEMY IS TO PROVIDE A SCHOOL FOR HERNDONS CULTURALLY DIVERSE COMMUNITY. LOGOS ACADEMY DOES NOT DISCRIMINATE ON THE BASIS OF RACE, GENDER OR NATIONAL ORIGIN IN THE ADMINISTRATION OF ITS EDUCATIONAL PROGRAMS, ADMISSION POLICIES, FINANCIAL AID, OR PERSONNEL POLICIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOGOS ACADEMY IS A CHRISTIAN BASED TWO WAY SPANISH/ENGLISH DUAL IMMERSION PRESCHOOL DEVOTED TO HELPING LOW AND MIDDLE INCOME FAMILIES PROVIDE THEIR CHILDREN WITH A RIGOROUS ACADEMIC PROGRAM AT AN AFFORDABLE PRICE. LOGOS ACADEMY GIVES LATINO IMMIGRANT CHILDREN THE OPPORTUNITY TO NOT ONLY LEARN AND STRENGTHEN THEIR ENGLISH LANGUAGE SKILLS BUT ALSO GIVE THEM THE OPPORTUNITY TO STRENGTHEN THEIR HOME LANGUAGE SKILLS. OUR GOAL IS TO NURTURE CHILDRENS CURIOSITY WHILE FOCUSING ON DEVELOPING SELF-ESTEEM, COMMUNICATION, CREATIVITY, AND CRITICAL THINKING SKILLS. LOGOS ACADEMY BELIEVES THAT AN EARLY CHILDHOOD PROGRAM WELL ALIGNED WITH AN ELEMENTARY PROGRAM WILL CREATE AN INTEGRATED PRIMARY EDUCATIONAL SYSTEM THAT WILL ENHANCE THE SOCIAL, EMOTIONAL AND ACADEMIC OUTCOMES FOR CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Babette Arnold President | OfficerTrustee | 30 | $27,023 |
Douglas Thurston Treasurer | Trustee | 5 | $0 |
Jacqueline Kwon Director | Trustee | 2 | $0 |
Cynthia Payne Director | Trustee | 2 | $0 |
Dana Condemi Director | Trustee | 2 | $0 |
Melissa D Hughes Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,780 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,222 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,002 |
| Total Program Service Revenue | $652,034 |
| Investment income | $20 |
| 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 | $722,056 |
| 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. | $27,023 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $415,297 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $34,870 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,251 |
| Office expenses | $8,657 |
| Information technology | $1,139 |
| Royalties | $0 |
| Occupancy | $5,400 |
| 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 | $2,269 |
| Insurance | $4,565 |
| All other expenses | $14,379 |
| Total functional expenses | $639,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,479 |
| Savings and temporary cash investments | $0 |
| 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 | $21,738 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $328,217 |
| Accounts payable and accrued expenses | $3,000 |
| 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 | $0 |
| Total liabilities | $3,000 |
| Net assets without donor restrictions | $325,217 |
| 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 | $328,217 |