Albert Einstein Academy Inc
- Assets
- $1.3m
- Revenue
- $1.3m
- Investments
- $259.3k
- Employees
- 18
- Location
- Wilmington, DE
- Founding
- 04/1971
- Data as of
- 06/2023
- 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 06/2023, Albert Einstein Academy Inc employed 18 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 06/2023, Albert Einstein Academy Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $1.1m during the year ending 06/2023. While expenses have increased by 2.3% 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 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
A VALUES-BASED EDUCATION GROUNDED IN JUDAICS, FORGING A POSITIVE RELATIONSHIP WITH TORAH AND THE STATE OF ISRAEL, AND PROVIDES A CONNECTION TO A THREE MILLENNIA OLD TRADITION.OUR HEBREW-LANGUAGE CURRICULUM LEVERAGES A MULTI-SENSORY APPROACH (E.G., RANGE OF TEACHING METHODS EMPLOYED INCLUDING COMPUTERS, USE OF MUSIC, ETC.).EMPHASIS ON PROJECT-BASED LEARNING - AN EXPERIENTIAL LEARNING APPROACH GROUNDED IN CURIOSITY, EXPLORATION, AND EXPERIMENTATION. THROUGH PBL, WE CONNECT AND ENGAGE IN THE COMMUNITY - TEACHING PERSONAL AND COMMUNAL RESPONSIBILITY, AND BUILDING WORLDLINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jared Gellert Treasurer | OfficerTrustee | 1 | $0 |
Mark Kuller Member | Trustee | 1 | $0 |
Michelle Margules Vice President | OfficerTrustee | 1 | $0 |
Robin Kauffman Saran Jfd Liaison | Trustee | 1 | $0 |
Gabriel Kopin President | OfficerTrustee | 1 | $0 |
James Dzwilewski Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $86,388 |
| Related organizations | $0 |
| Government grants | $14,582 |
| All other contributions, gifts, grants, and similar amounts not included above | $590,486 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $691,456 |
| Total Program Service Revenue | $629,820 |
| Investment income | $10,377 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$18,224 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,318,505 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $277,032 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $57,842 |
| Compensation of current officers, directors, key employees. | $5,784 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $377,124 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,728 |
| Payroll taxes | $36,713 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $27,000 |
| Fees for services: Investment Management | $2,433 |
| Fees for services: Other | $9,040 |
| Advertising and promotion | $0 |
| Office expenses | $7,613 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $149,069 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,387 |
| Interest | $4,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,901 |
| Insurance | $5,291 |
| All other expenses | $1,219 |
| Total functional expenses | $1,085,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,659 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $135,000 |
| Accounts receivable, net | $10,703 |
| 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 | $2,619 |
| Net Land, buildings, and equipment | $181,232 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $259,331 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $599,524 |
| Total assets | $1,328,068 |
| Accounts payable and accrued expenses | $34,453 |
| Grants payable | $0 |
| Deferred revenue | $9,529 |
| 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 | $99,000 |
| Other liabilities | $599,524 |
| Total liabilities | $742,506 |
| Net assets without donor restrictions | $88,673 |
| Net assets with donor restrictions | $496,889 |
| 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 | $1,328,068 |