Peer Academy
- Assets
- $2.4m
- Revenue
- $920.2k
- Investments
- $0.0
- Employees
- 23
- Location
- Knoxville, TN
- Founding
- 10/2017
- Data as of
- 09/2023
- EIN
- 81-4484590
Organization Overview
Peer Academy is located in Knoxville, TN. The organization was established in 2017. 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 09/2023, Peer Academy employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peer 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 09/2023, Peer Academy generated $920.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 42.8% each year . All expenses for the organization totaled $784.2k during the year ending 09/2023. While expenses have increased by 36.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF PEER ACADEMY IS TO PROVIDE A CHALLENGING, INDIVIDUALIZED, EDUCATION EMPHASIZING PEER INTERACTION AND COLLABORATION THAT INSPIRES EACH CHILD TO REACH HIS OR HER FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PEER ACADEMY WILL PROVIDE A QUALITY EDUCATION FOR CHILDREN WITH AN INDIVIDUALIZED EDUCATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deidra Messinger Executive Di | OfficerTrustee | 40 | $0 |
Robin Dawson Hatfield Board Member | Trustee | 2 | $0 |
Lindsey Messinger Vice Pres An | OfficerTrustee | 2 | $0 |
Brittany Burris Secretary | OfficerTrustee | 40 | $46,338 |
Christina DE Guimeria Board Member | Trustee | 2 | $0 |
Tyler Pipes Board Member | Trustee | 2 | $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 | $273,585 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $273,585 |
| Total Program Service Revenue | $606,642 |
| 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 | $39,986 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $920,213 |
| 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. | $46,338 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $478,924 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,070 |
| Payroll taxes | $40,604 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,490 |
| 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 | $14,568 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,701 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $70,253 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,105 |
| Insurance | $11,065 |
| All other expenses | $6,060 |
| Total functional expenses | $784,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,664 |
| Savings and temporary cash investments | $152,322 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,232,112 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,443,098 |
| Accounts payable and accrued expenses | $288 |
| 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 | $2,472,004 |
| Total liabilities | $2,472,292 |
| Net assets without donor restrictions | -$29,194 |
| 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 | $2,443,098 |