Edep Academy Homeschool Inc
- Assets
- $291.1k
- Revenue
- $742.5k
- Investments
- $0.0
- Employees
- 23
- Location
- Wayne, NJ
- Founding
- 05/2018
- Data as of
- 12/2020
- EIN
- 81-3591104
Organization Overview
Edep Academy Homeschool Inc is located in Wayne, NJ. The organization was established in 2018. 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 12/2020, Edep Academy Homeschool Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edep Academy Homeschool 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 12/2020, Edep Academy Homeschool Inc generated $742.5k in total revenue. All expenses for the organization totaled $650.7k during the year ending 12/2020. While expenses have increased by 128.2% per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
AS EDEP ACADEMY OUR MISSION IS TO PROVIDE OUR STUDENTS ACADEMIC AND SPIRITUAL DEVELOPMENT AND STRENGTHEN THEIR CIVIC, MORAL, AND ETHICAL VALUES. WE ARE DEVOTED TO NURTURING AND CHALLENGING EACH STUDENT INTELLECTUALLY, EMOTIONALLY, SPIRITUALLY, MORALLY, AND SOCIALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PUPOSES HAVE BEEN ACHIEVED
EDUCATIONAL PUPOSES HAVE BEEN ACHIEVED
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Metin Bas Treasurer | Officer | $0 | |
Fatih Sultan Kumas Board Member | Officer | $0 | |
Arman Kozhabayev Secretary | Officer | $0 | |
Hikmet Sahin Board Member | Officer | $0 | |
Selman Kalebek President | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,123 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,123 |
| Total Program Service Revenue | $701,397 |
| 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 | $742,520 |
| 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 | $299,427 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $33,922 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,200 |
| 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 | $114,778 |
| Advertising and promotion | $250 |
| Office expenses | $26,075 |
| Information technology | $31 |
| Royalties | $0 |
| Occupancy | $142,965 |
| Travel | $3,512 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,000 |
| Interest | $250 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,770 |
| Insurance | $21,497 |
| All other expenses | $0 |
| Total functional expenses | $650,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,753 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $96,205 |
| 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 | $14,502 |
| Net Land, buildings, and equipment | $5,930 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,679 |
| Total assets | $291,069 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $224,807 |
| Total liabilities | $224,807 |
| Net assets without donor restrictions | $66,262 |
| 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 | $291,069 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Edep Academy Homeschool Inc has recieved totaling $5,258.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,232 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $26 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dalton Schools Inc New York, NY | $268,184,018 | $87,154,384 |
Riverdale Country School Inc Bronx, NY | $247,467,239 | $82,826,277 |
Trinity Episcopal Schools Corporation New York, NY | $265,614,292 | $76,873,691 |
United Nations International School New York, NY | $95,948,249 | $80,239,931 |
Columbia Grammar & Preparatory School New York, NY | $126,207,367 | $82,489,526 |
Poly Prep Country Day School Brooklyn, NY | $174,200,532 | $76,376,518 |
Saint Anns School Brooklyn, NY | $162,069,731 | $73,475,158 |
Pingry Corporation Basking Ridge, NJ | $215,792,985 | $70,756,009 |
Spence School New York, NY | $416,454,517 | $72,977,566 |
Collegium Charter School Exton, PA | $94,797,177 | $61,790,179 |
Packer Collegiate Institute Brooklyn, NY | $176,388,503 | $70,028,029 |
Dwight-Englewood School Englewood, NJ | $157,949,172 | $59,866,465 |