Albert Einstein Academy Inc
- Assets
- $650.2k
- Revenue
- $901.0k
- Investments
- $286.4k
- Employees
- 23
- Location
- Wilmington, DE
- Founding
- 04/1971
- Data as of
- 06/2021
- EIN
- 51-0110582
Organization Overview
Albert Einstein Academy Inc is located in Wilmington, DE. The organization was established in 1971. 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 06/2021, Albert Einstein Academy Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albert Einstein Academy Inc 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, Albert Einstein Academy Inc generated $901.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $730.0k during the year ending 06/2021. 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
TO PROVIDE OPTIMUM LEARNING WITHIN A JEWISH CONTEXT THROUGH COMPREHENSIVE SECULAR AND JUDAIC PROGRAMS. THE ACADEMY EMPHASIZES JEWISH VALUES AND OFFERS STATE-OF-THE-ART ELEMENTARY EDUCATION FOR KINDERGARTEN THROUGH SIXTH GRADE STUDENTS IN THE TRI-STATE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ALL FAMILIES IN THE COMMUNITY WITH THE OPPORTUNITY TO SEND THEIR CHILDREN TO THE ACADEMY REGARDLESS OF ECONOMIC CIRCUMSTANCES. GENEROUS FINANCIAL SUPPORT OBTAINED THROUGH ANNUAL FUNDRAISING CAMPAIGNS, THE JEWISH FEDERATION OF DELAWARE, AND OTHER FUNDING SOURCES PROVIDE THE ACADEMY WITH THE ABILITY TO OFFER FINANCIAL ASSISTANCE TO MANY FAMILIES WITHIN THE LOCAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerri Chizek Head Of School | Officer | 40 | $41,367 |
Jared Gellert Treasurer | OfficerTrustee | 1 | $0 |
Michelle Margules Vice President | OfficerTrustee | 1 | $0 |
Gabe Kopin President | OfficerTrustee | 1 | $0 |
Mark Kuller Member | Trustee | 1 | $0 |
Robin Saran Jfd Liaison | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $43,559 |
| All other contributions, gifts, grants, and similar amounts not included above | $476,421 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $519,980 |
| Total Program Service Revenue | $357,392 |
| Investment income | $19,942 |
| 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 | $900,997 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,396 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $41,367 |
| Compensation of current officers, directors, key employees. | $4,136 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $290,468 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,623 |
| Payroll taxes | $24,213 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,556 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $48,000 |
| Fees for services: Investment Management | $2,187 |
| Fees for services: Other | $7,342 |
| Advertising and promotion | $0 |
| Office expenses | $22,383 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $108,072 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,607 |
| Interest | $2,892 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,791 |
| Insurance | $4,983 |
| All other expenses | $12,894 |
| Total functional expenses | $730,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,488 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,244 |
| 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 | $210,045 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $286,437 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $650,214 |
| Accounts payable and accrued expenses | $31,253 |
| Grants payable | $0 |
| Deferred revenue | $19,514 |
| 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 | $208,392 |
| Other liabilities | $71,515 |
| Total liabilities | $330,674 |
| Net assets without donor restrictions | $33,103 |
| Net assets with donor restrictions | $286,437 |
| 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 | $650,214 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Albert Einstein Academy Inc has recieved totaling $73,973.
| Awarding Organization | Amount |
|---|---|
Jewish Federation Of Delaware Inc Wilmington, DE PURPOSE: CHARITABLE GRANT TO ADVANCE THE MISSION OF THE ORGANIZATION | $28,361 |
Harry Cohen Foundation Inc Wilmington, DE PURPOSE: ALLOCATED IN ACCORDANCE WITH THE WILL OF THE LATE HARRY COHEN | $13,388 |
Harry Cohen Foundation Inc Wilmington, DE PURPOSE: ALLOCATED IN ACCORDANCE WITH THE WILL OF THE LATE HARRY COHEN | $11,149 |
Milton & Hattie Kutz Foundation Wilmington, DE PURPOSE: EDUCATIONAL | $10,000 |
Mitchell P And Karen J Kopin Family Foundation Inc Delray, FL PURPOSE: RELIGIOS AND ACADEMIC SERVICES | $10,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $700 |
Endowment Analysis
| Beg. Balance | $182,330 |
| Earnings | $52,722 |
| Net Contributions | $51,385 |
| Ending Balance | $286,437 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Archway Charter School Of Chester Inc Chester, PA | $43,430,171 | $101,905,393 |
Haverford School Haverford, PA | $200,207,536 | $63,658,264 |
Marion P Thomas Charter School Inc Newark, NJ | $17,560,259 | $37,041,604 |
Trustees Of Newark Academy Livingston, NJ | $113,328,907 | $35,913,632 |
Philadelphia Independent Mission Schools Philadelphia, PA | $39,191,945 | $38,175,969 |
Lakewood Chedar School Lakewood, NJ | $43,735,740 | $33,402,068 |
Golda Och Academy Inc West Orange, NJ | $16,688,223 | $21,390,950 |
Friends Select School Philadelphia, PA | $35,402,509 | $21,729,714 |
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
The Foundation Schools Largo, MD | $16,377,358 | $19,826,112 |
Sanford School Inc Hockessin, DE | $33,539,309 | $20,013,159 |