Vision Academy Charter School
- Assets
- $4.3m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 78
- Location
- East Lansdowne, PA
- Founding
- 10/2015
- Data as of
- 06/2021
- 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 06/2021, Vision Academy Charter School employed 78 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 06/2021, Vision Academy Charter School generated $6.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $5.3m during the year ending 06/2021. While expenses have increased by 18.5% per year over the past 6 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
2021
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ky Adderley CEO | Officer | 40 | $121,086 |
Adam Oksuz President | Trustee | 1 | $0 |
Gokhan Seker Secretary | Trustee | 1 | $0 |
Ann A Adams Treasurer | Trustee | 1 | $0 |
Erion Peshkepia Member | Trustee | 1 | $0 |
Kakageldi Hommadov Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $508,701 |
| All other contributions, gifts, grants, and similar amounts not included above | $210 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $508,911 |
| Total Program Service Revenue | $5,910,594 |
| 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 | $6,419,505 |
| 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. | $123,447 |
| Compensation of current officers, directors, key employees. | $123,447 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,547,963 |
| Pension plan accruals and contributions | $132,799 |
| Other employee benefits | $438,262 |
| Payroll taxes | $241,637 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,259 |
| Fees for services: Accounting | $47,802 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,499 |
| Office expenses | $150 |
| Information technology | $27,357 |
| Royalties | $0 |
| Occupancy | $252,084 |
| Travel | $169 |
| 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 | $71,614 |
| Insurance | $35,522 |
| All other expenses | $355,658 |
| Total functional expenses | $5,300,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,785,319 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $74,215 |
| Accounts receivable, net | $336,273 |
| 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 | $19,357 |
| Net Land, buildings, and equipment | $2,114,493 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,329,657 |
| Accounts payable and accrued expenses | $362,622 |
| 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 | $362,622 |
| Net assets without donor restrictions | $3,967,035 |
| 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 | $4,329,657 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vision Academy Charter School has recieved totaling $54.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $54 |
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|---|---|---|
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Steppingstone Day School Inc Kew Garden Hills, NY | $5,707,568 | $18,884,905 |
Ivymount School Inc Rockville, MD | $17,009,081 | $19,214,475 |
Kennedy Childrens Center New York, NY | $16,208,391 | $17,351,422 |
Eclc Of Nj A New Jersey Non Profit Corporation Chatham, NJ | $5,195,140 | $18,377,068 |
Kingsway Learning Center Moorestown, NJ | $5,041,618 | $18,181,631 |
Pennsylvania School For The Deaf Philadelphia, PA | $50,307,552 | $18,217,495 |
League School Brooklyn, NY | $8,003,102 | $18,878,930 |
The Jemicy School Inc Owings Mills, MD | $60,314,466 | $19,832,444 |
The Manhattan Childrens Center Inc New York, NY | $11,028,934 | $17,851,466 |