Invictus Academy Inc
- Assets
- $1.6m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 38
- Location
- El Cerrito, CA
- Founding
- 05/2018
- Data as of
- 06/2022
- EIN
- 82-3352415
Organization Overview
Invictus Academy Inc is located in El Cerrito, CA. 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 06/2022, Invictus Academy Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Invictus Academy 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 06/2022, Invictus Academy Inc generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $3.4m during the year ending 06/2022. While expenses have increased by 26.6% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
INVICTUS ACADEMY OF RICHMOND PREPARES 100% OF STUDENTS IN GRADES 7-10 TO THRIVE IN COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INVICTUS ACADEMY OF RICHMOND PREPARES 100% OF STUDENTS IN GRADES 7-10 TO THRIVE IN THE COLLEGES OF THEIR CHOICE, SOLVE RELEVANT PROBLEMS, AND COMMUNICATE WITH CONFIDENCE. THE SCHOOL SERVED APPROXIMATELY 234 STUDENTS FOR 175 DAYS IN THE 2021-2022 YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Manassero Board Chair | OfficerTrustee | 2 | $0 |
Chris Kelly Secretary | OfficerTrustee | 2 | $0 |
Ashwin Ravi Treasurer | OfficerTrustee | 2 | $0 |
Rhonda Burton Member | Trustee | 2 | $0 |
Leslie Ward Member | Trustee | 2 | $0 |
Alex Leenatali Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,502,437 |
| All other contributions, gifts, grants, and similar amounts not included above | $99,867 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,602,304 |
| Total Program Service Revenue | $0 |
| Investment income | $109 |
| 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 | $3,624,686 |
| 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. | $281,644 |
| Compensation of current officers, directors, key employees. | $56,328 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,027,578 |
| Pension plan accruals and contributions | $14,580 |
| Other employee benefits | $141,864 |
| Payroll taxes | $178,732 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,679 |
| Fees for services: Accounting | $50 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $389,763 |
| Advertising and promotion | $0 |
| Office expenses | $81,051 |
| Information technology | $10,632 |
| Royalties | $0 |
| Occupancy | $103,341 |
| Travel | $1,803 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,476 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,554 |
| Insurance | $25,772 |
| All other expenses | $0 |
| Total functional expenses | $3,441,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $906,867 |
| Savings and temporary cash investments | $45,374 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $601,497 |
| 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 | $7,405 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,561,143 |
| Accounts payable and accrued expenses | $298,677 |
| Grants payable | $0 |
| Deferred revenue | $82,317 |
| 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 | $78,122 |
| Other liabilities | $0 |
| Total liabilities | $459,116 |
| Net assets without donor restrictions | $1,052,027 |
| Net assets with donor restrictions | $50,000 |
| 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 | $1,561,143 |