Executive Education Academy Charter School Foundation
- Assets
- $42.2m
- Revenue
- -$223.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Allentown, PA
- Founding
- 05/2017
- Data as of
- 06/2021
- EIN
- 81-4137987
Organization Overview
Executive Education Academy Charter School Foundation is located in Allentown, PA. The organization was established in 2017. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Executive Education Academy Charter School Foundation 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 06/2021, Executive Education Academy Charter School Foundation generated -$223.5k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $68.4k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO REVIEW PROGRAM IDEAS AND MAKE GIFTS AND GRANTS TO THE EXECUTIVE EDUCATION ACADEMY CHARTER SCHOOL, AND TO THE INDIVIDUAL DEPARTMENTS, TEACHERS, STUDENTS, AND STUDENT GROUPS TO FURTHER THE MISSION OF THE EXECUTIVE EDUCATION ACADEMY CHARTER SCHOOL AND THE FOUNDATION; AND TO RECEIVE DONATIONS FROM DONORS WHO WISH TO SPONSOR PROJECTS AT EEACS AND ITS INDIVIDUAL DEPARTMENTS, TEACHERS, STUDENTS, AND STUDENT GROUPS, TO FURTHER THE PURPOSE OF THE FOUNDATION AND EXECUTIVE EDUCATION ACADEMY CHARTER SCHOOL. THE FOUNDATION WILL PROMOTE,ENHANCE, AND SUPPLEMENT EDUCATIONAL PROGRAMS, INCLUDING EXTRACURRICULAR ACTIVITIES, FOR THE BENEFIT OF EXECUTIVE EDUCATION ACADEMY CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAKE GIFTS AND GRANTS TO THE EXECUTIVE EDUCATION ACADEMY CHARTER SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Lysek Board Presid | OfficerTrustee | $0 | |
Barry Dobil Treasurer | Trustee | $0 | |
Jack Daddona Board Member | Trustee | $0 | |
Keith Flickinger Board Member | Trustee | $0 | |
Selma Abi-Daher Board Secret | Trustee | $0 | |
Michael Mccreary Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,588 |
| Investment income | $1,503 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$227,369 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,198 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$223,466 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,434 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,173 |
| Advertising and promotion | $1,320 |
| Office expenses | $2,873 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $68,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,351,229 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,986 |
| 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 | $767,801 |
| Other assets | $100,000 |
| Total assets | $42,212,793 |
| Accounts payable and accrued expenses | $1,547,080 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $34,810,000 |
| 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 | $6,348,634 |
| Total liabilities | $42,705,714 |
| Net assets without donor restrictions | $0 |
| 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 | -$492,921 |