Cincinnati Achievement Academy
- Assets
- $1.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 08/2019
- Data as of
- 06/2021
- EIN
- 82-1866036
Organization Overview
Cincinnati Achievement Academy is located in Cincinnati, OH. The organization was established in 2019. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, 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. Cincinnati Achievement 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, Cincinnati Achievement Academy generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 3 years. 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 CREATE A CULTURE OF HIGH EXPECTATIONS FOR SCHOLARS BY PROVIDING A COLLEGE PREPARATORY EDUCATION, RELEVANT CURRICULA, AND A FOCUS ON ACHIEVEMENT. IT IS OUR GOAL THAT OUR SCHOLARS WILL ATTEND A COLLEGE PREP HIGH SCHOOL AND ULTIMATELY GAIN ACCEPTANCE AND GRADUATE FROM A FOUR-YEAR COLLEGE. IT IS OUR EXPECTATION THAT 100% OF THE CINCINNATI GRADUATES WILL BECOME POSITIVE CHANGE AGENTS IN THEIR LOCAL COMMUNITIES WHILE MAKING A CONTRIBUTION TO THE GLOBAL SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATIONAL SERVICES TO 130 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Brinkley President | OfficerTrustee | 0.5 | $0 |
Lucien Kidd Treasurer | OfficerTrustee | 0.3 | $0 |
Dr Mary Webb Vice President | OfficerTrustee | 0.3 | $0 |
Lisa Kelly Secretary | OfficerTrustee | 0.3 | $0 |
Jeffrey A Foster CPA Fiscal Officer | Officer | 1 | $0 |
James Keys Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,744,947 |
| 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 | $1,744,947 |
| Total Program Service Revenue | $0 |
| 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 | $1,779,164 |
| 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 | $0 |
| Pension plan accruals and contributions | $305,062 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,353,572 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $289,017 |
| 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 | $40,281 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,987,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,256 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $131,910 |
| 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 | $807,456 |
| Net Land, buildings, and equipment | $50,772 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,772 |
| Total assets | $1,187,166 |
| Accounts payable and accrued expenses | $407,027 |
| Grants payable | $0 |
| Deferred revenue | $538,379 |
| 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 | $95,000 |
| Other liabilities | $972,085 |
| Total liabilities | $2,012,491 |
| Net assets without donor restrictions | -$825,325 |
| 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 | $1,187,166 |
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