Smart Academy
- Assets
- $295.8k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 32
- Location
- Garfield Heights, OH
- Founding
- 12/2018
- Data as of
- 06/2021
- EIN
- 81-5056142
Organization Overview
Smart Academy is located in Garfield Heights, OH. The organization was established in 2018. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Smart Academy employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Smart 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 06/2021, Smart Academy generated $1.6m in total revenue. All expenses for the organization totaled $1.2m during the year ending 06/2021. While expenses have increased by 28.0% per year over the past 2 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SMART ACADEMY'S MISSION IS TO PROVIDE ALL STUDENTS IN GRADES K-4 OF THE CLEVELAND COMMUNITY A STRONG LITERACY-BASED EDUCATIONAL PROGRAM THAT CREATES A COMMUNITY IN WHICH READING, WRITING, SPEAKING, LISTENING, AND THINKING SERVE AS A FOUNDATION FOR LIFE-LONG LEARNING. LITERACY MEANS NOT ONLY THE ABILITY TO READ, WRITE, SPEAK, AND LISTEN, BUT ALSO TO USE LANGUAGE TO LEARN, THINK, AND COMMUNICATE EFFECTIVELY. STUDENTS WITH A STRONG LITERACY FOUNDATION WILL BE FAR MORE CAPABLE OF SECURING QUALITY EMPLOYMENT, LEADING FULFILLING LIVES, IMPROVING THEIR COMMUNITIES AND BECOMING PRODUCTIVE CITIZENS OF SOCIETY. SMART ACADEMY ALSO FOCUSES ON THE HOLISTIC CHILD. WE, AS THE SCHOOL LEADERS AND GOVERNING BOARD, WILL MAKE DECISIONS THAT INCLUDE THE PARENTS AND COMMUNITY, AS THESE ARE TWO IMPORTANT ELEMENTS THAT HELP FOSTER A CHILD'S ABILITY TO LEARN AND DEVELOP BOTH ACADEMICALLY AND EMOTIONALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIMARY EDUCATION - SERVED 123 STUDENTS IN KINDERGARTEN THROUGH FOURTH GRADE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Robert Aitken Superintendent | Officer | 40 | $72,000 |
Bridget Williams Treasurer | Officer | 2 | $33,000 |
Joe Nicklos Secretary | OfficerTrustee | 2 | $0 |
Angela Neeley Board Member | Trustee | 2 | $0 |
Tatiana Wells Board Member | Trustee | 2 | $0 |
Jereme Sykes Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,583,605 |
| 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 | $1,583,605 |
| Total Program Service Revenue | $0 |
| Investment income | $15 |
| 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 | $1,592,754 |
| 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. | $105,000 |
| Compensation of current officers, directors, key employees. | $105,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $518,734 |
| Pension plan accruals and contributions | $98,980 |
| Other employee benefits | $22,999 |
| Payroll taxes | $30,134 |
| Fees for services: Management | $33,161 |
| Fees for services: Legal | $8,987 |
| Fees for services: Accounting | $11,342 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $116,756 |
| Advertising and promotion | $10,366 |
| Office expenses | $119,853 |
| Information technology | $11,906 |
| Royalties | $0 |
| Occupancy | $125,368 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,663 |
| Interest | $10,537 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,465 |
| All other expenses | $0 |
| Total functional expenses | $1,243,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,203 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $54,622 |
| Accounts receivable, net | $1,824 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,192 |
| Total assets | $295,841 |
| Accounts payable and accrued expenses | $80,298 |
| Grants payable | $220 |
| 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 | $122,756 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $203,274 |
| Net assets without donor restrictions | $92,567 |
| 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 | $295,841 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Smart Academy has recieved totaling $5,930.
| Awarding Organization | Amount |
|---|---|
Shoes And Clothes For Kids Inc Cleveland, OH PURPOSE: TO IMPROVE K-8 ATTENDANCE BY ELIMINATING LACK OF CLOTHING, SHOES & SCHOOL SUPPLIES AS BARRIERS. | $5,930 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Belmont Charter School Philadelphia, PA | $6,922,339 | $21,008,354 |
Propel Charter School Sunrise Pittsburgh, PA | $9,914,076 | $19,454,226 |
West Oak Lane Charter School Philadelphia, PA | $9,484,536 | $17,633,515 |
Mast Community Charter School Iii Philadelphia, PA | $53,124,349 | $21,172,350 |
Mast Community Charter School Ii Philadelphia, PA | $15,675,168 | $22,231,273 |
Mastery Charter School - Harrity Elementary Philadelphia, PA | $9,434,703 | $16,430,234 |
Wissahickon Charter School Philadelphia, PA | $12,512,836 | $17,919,129 |
York Academy Regional Charter School York, PA | $5,602,450 | $14,555,024 |
Career Academy Of South Bend Inc South Bend, IN | $28,812,268 | $15,770,291 |
21st Century Charter School At Gary Inc Indianapolis, IN | $16,296,159 | $15,193,404 |
Avondale Meadows Academy Inc Indianapolis, IN | $23,354,036 | $14,362,990 |
Mastery Charter School - Smedley Elementary Philadelphia, PA | $9,574,548 | $16,285,850 |