Cedars Academy
- Assets
- $4.8m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 113
- Location
- Austin, TX
- Founding
- 10/2000
- Data as of
- 08/2023
- EIN
- 74-2960628
Organization Overview
Cedars Academy is located in Austin, TX. The organization was established in 2000. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 08/2023, Cedars Academy employed 113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedars 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 08/2023, Cedars Academy generated $8.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $8.2m during the year ending 08/2023. While expenses have increased by 7.1% per year over the past 4 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
CEDARS INTERNATIONAL ACADEMY INSPIRES AND NURTURES A CHILD'S NATURAL LOVE FOR LEARNING. WE DO THIS BY PROVIDING A SAFE, SUPPORTIVE SOCIAL AND ACADEMIC COMMUNITY WHERE CHILDREN ARE GIVEN THE RESOURCES AND OPPORTUNITIES TO REACH THEIR FULL POTENTIAL AS THEY GROW TO BE LIFE-LONG LEARNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEDARS INTERNATIONAL ACADEMY INSPIRES AND NURTURES A CHILD'S NATURAL LOVE FOR LEARNING. WE DO THIS BY PROVIDING A SAFE, SUPPORTIVE SOCIAL AND ACADEMIC COMMUNITY WHERE CHILDREN ARE GIVEN THE RESOURCES AND OPPORTUNITIES TO REACH THEIR FULL POTENTIAL AS THEY GROW TO BE LIFE-LONG LEARNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Blalock Former Super't | OfficerTrustee | 40 | $138,270 |
Cassian Choucair Former Member | Trustee | 1 | $0 |
Dr Donald Sawyer Board Member | Trustee | 1 | $0 |
Sidne Campbell Board Member | Trustee | 1 | $0 |
Dr Leslie Sparacello Superintendent | OfficerTrustee | 40 | $0 |
Dr Mark Canales Past President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
422 Bastrop Hwy Ltdchase Equities Rent | 8/30/23 | $170,202 |
Harris School Solutions Software Provider | 8/30/23 | $106,728 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,882,192 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,882,192 |
| Total Program Service Revenue | $38,069 |
| 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 | $7,970,788 |
| 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. | $147,735 |
| Compensation of current officers, directors, key employees. | $147,735 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,885,550 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $742,137 |
| Payroll taxes | $74,569 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,994 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $471,312 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $196,286 |
| Travel | $95,313 |
| 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 | $245,576 |
| Insurance | $43,469 |
| All other expenses | $217,555 |
| Total functional expenses | $8,241,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,436,297 |
| Savings and temporary cash investments | $325,539 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $286,057 |
| 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 | $1,513,587 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,268,018 |
| Total assets | $4,829,498 |
| Accounts payable and accrued expenses | $220,863 |
| Grants payable | $0 |
| Deferred revenue | $4,165 |
| 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 | $1,489,128 |
| Unsecured mortgages and notes payable | $1,272,825 |
| Other liabilities | $0 |
| Total liabilities | $2,986,981 |
| Net assets without donor restrictions | $1,564,087 |
| Net assets with donor restrictions | $278,430 |
| 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 | $4,829,498 |