Vision Academy Charter School
- Assets
- $10.7m
- Revenue
- $10.2m
- Investments
- $0.0
- Employees
- 91
- Location
- East Lansdowne, PA
- Founding
- 10/2015
- Data as of
- 06/2022
- EIN
- 47-2256408
Organization Overview
Vision Academy Charter School is located in East Lansdowne, PA. The organization was established in 2015. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Vision Academy Charter School employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vision Academy Charter School 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 06/2022, Vision Academy Charter School generated $10.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $7.3m during the year ending 06/2022. While expenses have increased by 21.1% per year over the past 7 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
THE MISSION OF VISION ACADEMY CHARTER SCHOOL IS TO PREPARE STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE TO BECOME RESPONSIBLE AND ARTICULATE STUDENTS AND CITIZENS BY USING A COMPREHENSIVE CURRICULUM DESIGNED TO FOSTER ACADEMIC SUCCESS AND CURRENT TECHNOLOGY TO BUILD SELF-RELIANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ky Adderley CEO | Officer | 40 | $128,338 |
Jalil Nasibli Secretary | Trustee | 1 | $0 |
Gokhan Seker President | Trustee | 1 | $0 |
Taiwo Opaleye-Enakhimion Member | Trustee | 1 | $0 |
Erion Peshkepia Treasurer | Trustee | 1 | $0 |
Kakageldi Hommadov Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Delaware County Intermediate Unit Therapy Services | 6/29/22 | $101,375 |
Preferred Meal Systems Inc Food Services | 6/29/22 | $147,466 |
Delmarva Fibercom Llc Telecommunication Service | 6/29/22 | $105,950 |
American Reliable Tasks Contracting Llc Construction Services | 6/29/22 | $4,197,363 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,487,088 |
| All other contributions, gifts, grants, and similar amounts not included above | $9 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,487,097 |
| Total Program Service Revenue | $6,723,275 |
| 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 | $10,210,372 |
| 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. | $125,126 |
| Compensation of current officers, directors, key employees. | $125,126 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,599,128 |
| Pension plan accruals and contributions | $183,994 |
| Other employee benefits | $513,845 |
| Payroll taxes | $321,661 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $115,460 |
| Fees for services: Accounting | $65,406 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,491 |
| Office expenses | $15,999 |
| Information technology | $94,693 |
| Royalties | $0 |
| Occupancy | $392,204 |
| Travel | $3,301 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $123,878 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $479,362 |
| Insurance | $63,048 |
| All other expenses | $478,039 |
| Total functional expenses | $7,343,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $902,217 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,461,995 |
| Accounts receivable, net | $208,682 |
| 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 | $6,120 |
| Net Land, buildings, and equipment | $6,882,391 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $224,242 |
| Total assets | $10,685,647 |
| Accounts payable and accrued expenses | $3,851,995 |
| 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 | $3,851,995 |
| Net assets without donor restrictions | $6,833,652 |
| 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 | $10,685,647 |