Psa Education Inc
- Assets
- $6.8m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 71
- Location
- Putnam, CT
- Founding
- Data as of
- 06/2021
- EIN
- 81-3540141
Organization Overview
Psa Education Inc is located in Putnam, CT. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Psa Education Inc employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Psa Education Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PSA EDUCATION INC IS A NON-PROFIT ORGAZATION TO PROVIDE EDUCATIONAL SERVICES.IT STRIVES TO DEVELOP YOUNG ADULTS, LOCALLY AND FROM AROUND THE WORLD, WHO ARE COMMITTED TO ACADEMIC EXCELLENCE AND ARE ENGAGED CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUTNAM PROVIDES PROGRAMS: ENGLISH/LANGUAGE ARTS PROGRAM DEVELOP STUDENTS SKILLS IN COMPOSITION AND WRITING AND ARE DESIGNED TO ACQUAINT STUDENTS WITH MAJOR CULTURAL AND AESTHETIC MOVEMENT OF AMERICAN LITERATURE AND BRITISH LITERATURE. MATHEMATIC PROGRAM PROVIDES OPPORTUNITY TO REALIZE POTENTIAL AS A CRITICAL AND LOGICAL THINKER. SCIENCE PROGRAM SUPPORTS LEARNING STANDARDS IN SCIENCE. WORLD LANGUAGE PROGRAM EMPHASIZES ON INTERNATIONAL RELATIONS AND DIPLOMACY. COMPUTER PROGRAM OFFERS STUDENTS COMPUTER SKILLS, GRAPHICS EDITING WEB DESIGN. VISUAL AND PERFORMING ARTS PROGRAM IS TO EXPLORE A VARIETY OF MEDIA, IDEA AND TECHNIQUES. MUSIC PROGRAM IS TO DEVELOP INTEREST AND SKILL OF VARIOUS VARIOUS INSTRUMENTS. PHYSICAL EDUCATION AND HEALTH PROGRAM ENCOURAGE STUDENT MAINTAIN A HEALTH LIFESTYLE. ATHLETIC PROGRAMS INCLUDING BASKETBALL, SOCCER, BASEBALL, AND E-SPORTS. WE WON THE NATIONAL CHAMPIONSHIP OF PREP MENS BASKETBALL IN 2018, 2020, AND 2021. OUR MENS BASKETBALL TEAM ALSO WON THE POWER 5 CONFERENCE LAST YEAR. OUR MENS SOCCER PROGRAM RANKED TOP 3 IN THE NATION.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,370 |
| 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 | $5,221,827 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $456,690 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,517 |
| Payroll taxes | $37,369 |
| Fees for services: Management | $35,504 |
| Fees for services: Legal | $30,657 |
| 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 | $14,090 |
| Advertising and promotion | $13,710 |
| Office expenses | $2,867 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,825 |
| Travel | $10,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,794 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,541 |
| Insurance | $68,842 |
| All other expenses | $0 |
| Total functional expenses | $5,994,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,612 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $257,799 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $649,998 |
| Other assets | $116,535 |
| Total assets | $6,800,354 |
| Accounts payable and accrued expenses | $108,438 |
| Grants payable | $0 |
| Deferred revenue | $653,061 |
| 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 | $1,139,165 |
| Other liabilities | $5,672,357 |
| Total liabilities | $7,573,021 |
| Net assets without donor restrictions | -$772,667 |
| 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 |
| Total liabilities and net assets/fund balances | -$772,667 |