Cedars Academy
- Assets
- $3.8m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 106
- Location
- Austin, TX
- Founding
- 10/2000
- Data as of
- 08/2022
- 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 08/2022, Cedars Academy employed 106 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 08/2022, Cedars Academy generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $7.7m during the year ending 08/2022. While expenses have increased by 12.7% 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
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 Superintendent | OfficerTrustee | 40 | $153,492 |
Dr Mark Canales President | OfficerTrustee | 1 | $0 |
Dr Sharon Butler Secretary | OfficerTrustee | 1 | $0 |
Dr Donald Sawyer Board Member | Trustee | 1 | $0 |
Cassian Choucair Board Member | Trustee | 1 | $0 |
Sidne Campbell Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
422 Bastrop Hwy Ltdchase Equities Rent | 8/30/22 | $157,080 |
Harris School Solutions Software Provider | 8/30/22 | $105,740 |
Wolff Logics Network Monitoring | 8/30/22 | $108,241 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,241,960 |
| 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 | $7,241,960 |
| Total Program Service Revenue | $165,600 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $191,547 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,599,107 |
| 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. | $153,492 |
| Compensation of current officers, directors, key employees. | $153,492 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,678,528 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $701,107 |
| Payroll taxes | $72,377 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $270,684 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $182,691 |
| Travel | $83,778 |
| 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 | $244,326 |
| Insurance | $35,331 |
| All other expenses | $293,940 |
| Total functional expenses | $7,655,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,143,963 |
| Savings and temporary cash investments | $313,090 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $602,864 |
| 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 | $1,744,454 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,804,371 |
| Accounts payable and accrued expenses | $106,379 |
| 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 | $1,584,348 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,690,727 |
| Net assets without donor restrictions | $1,936,002 |
| Net assets with donor restrictions | $177,642 |
| 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 | $3,804,371 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cedars Academy has recieved totaling $60,005.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $60,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lighthouse Academies Of Arkansas Inc North Little Rock, AR | $582,799 | $18,301,867 |
New Beginnings School Foundation New Orleans, LA | $1,802,768 | $18,016,749 |
Hynes Charter School Corporation New Orleans, LA | $8,219,375 | $19,932,415 |
Legacy21 Inc Mesquite, TX | $40,270,776 | $19,212,915 |
International Academy Williamson County Round Rock, TX | $33,542,303 | $17,313,740 |
South Louisiana Charter Foundation Inc Baton Rouge, LA | $21,098,630 | $17,110,169 |
Morris Jeff Community School New Orleans, LA | $5,535,424 | $16,539,603 |
Young Audiences Charter Association Gretna, LA | $6,537,878 | $17,122,666 |
New Orleans Military And Maritime Academy Inc New Orleans, LA | $24,580,982 | $15,429,354 |
Shreveport Charter Schools Inc Shreveport, LA | $6,808,149 | $15,366,489 |
Warren Easton Sr High School Foundation Inc New Orleans, LA | $11,574,185 | $12,571,642 |
The Friends Of King School New Orleans, LA | $5,901,929 | $9,680,665 |