Northwest Ohio Classical Academy
- Assets
- $4.5m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 75
- Location
- Toledo, OH
- Founding
- 01/2017
- Data as of
- 06/2022
- EIN
- 81-2072724
Organization Overview
Northwest Ohio Classical Academy is located in Toledo, OH. The organization was established in 2017. 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 06/2022, Northwest Ohio Classical Academy employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Ohio Classical 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 06/2022, Northwest Ohio Classical Academy generated $4.4m in total revenue. All expenses for the organization totaled $3.7m during the year ending 06/2022. While expenses have increased by 244.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO TRAIN THE MINDS AND IMPROVE THE HEARTS OF YOUNG PEOPLE THROUGH A RIGOROUS, CONTENT-RICH CLASSICAL CURRICULUM IN THE LIBERAL ARTS AND SCIENCES, ONE THAT PRODUCES THOUGHTFUL LEADERS AND VIRTUOUS CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATIONAL SERVICES TO 408 STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Currie Secretary | OfficerTrustee | 0.3 | $0 |
Matthew Dietrich Director | Trustee | 0.3 | $0 |
Eleanor Kemp Director | Trustee | 0.3 | $0 |
Ben Buckenmeyer Director | Trustee | 0.3 | $0 |
Steven Koralewski Director | Trustee | 0.3 | $0 |
Anna Woycik Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,300,953 |
| 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 | $4,300,953 |
| Total Program Service Revenue | $0 |
| 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 | $4,372,218 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,586,786 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $751,300 |
| Payroll taxes | $0 |
| Fees for services: Management | $751,545 |
| Fees for services: Legal | $85,092 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,609 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $150,781 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,730,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $396,670 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $600,962 |
| Accounts receivable, net | $1,099 |
| 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 | $1,992,756 |
| Net Land, buildings, and equipment | $1,298,287 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $172,137 |
| Total assets | $4,461,911 |
| Accounts payable and accrued expenses | $898,090 |
| Grants payable | $0 |
| Deferred revenue | $1,224,554 |
| 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 | $1,729,442 |
| Total liabilities | $3,852,086 |
| Net assets without donor restrictions | $609,825 |
| 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 | $4,461,911 |