Northern Academy Of The Arts
- Assets
- $5.1m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 90
- Location
- Middletown, NY
- Founding
- 09/2018
- Data as of
- 06/2023
- EIN
- 82-4017884
Organization Overview
Northern Academy Of The Arts is located in Middletown, NY. The organization was established in 2018. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Northern Academy Of The Arts employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Academy Of The Arts 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 06/2023, Northern Academy Of The Arts generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $4.3m during the year ending 06/2023. 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
NORTHERN ACADEMY OF THE ARTS IS A NEW YORK NOT-FOR-PROFIT ORGANIZATION WITH THE MISSION TO NURTURE STUDENTS FROM GRADES 1 TO 12 TO BECOME WELL-EDUCATED INDIVIDUALS OF EXEMPLARY MORAL CHARACTER. TO THIS END, NORTHERN ACADEMY OF THE ARTS PROVIDES A RIGOROUS COLLEGE PREPARATORY AND CLASSICAL ARTS EDUCATION STEEPED IN WESTERN AND EASTERN TRADITIONS. REVENUE IS DERIVED PRINCIPALLY FROM TUITION FEES AND OTHER PROGRAM INCOME, AS WELL AS CONTRIBUTIONS MADE BY INDIVIDUALS AND OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTHERN ACADEMY OF THE ARTS OFFERS SECONDARY EDUCATION FOR GRADES 1-12 STUDENTS, NURTURING IN THEM ACADEMIC AND ARTISTIC EXCELLENCE, AND STRENGTH OF CHARACTER. NORTHERN ACADEMY PROVIDES STUDENTS WITH THE SKILLS, DISCIPLINE, AND CONFIDENCE THEY NEED TO BE SUCCESSFUL IN LIFE. NORTHERN ACADEMYS RIGOROUS EDUCATION IMBUES A PHILOSOPHY OF LIFELONG LEARNING. WHILE EVERY STUDENT FULFILLS A COMPLETE COLLEGE PREPARATORY CURRICULUM, THE ACADEMYS DANCE, MUSIC AND FINE ARTS DEPARTMENTS PROVIDE A UNIQUE EMPHASIS ON THE CLASSICAL ARTS OF BOTH WESTERN AND EASTERN CIVILIZATIONS. IN ADDITION TO THE REGULAR ACADEMIC YEAR, NORTHERN ACADEMY ALSO OFFERS SUMMER CAMPS DURING THE SUMMER BREAK. THE CAMP INCLUDES AWARD-WINNING STEM, ARTS, ADVENTURES AND LANGUAGE CORE PROGRAMS, REGULAR FIELD TRIPS, AND A GRAND FINALE WITH PERFORMANCES AND PARTY FOR ALL CAMPERS, FAMILIES, AND FRIENDS.ALL OF NORTHERN ACADEMYS EDUCATION PROGRAMS ARE GROUNDED IN CLASSICAL PERSPECTIVE AND CROWNED BY AN EMPHASIS ON REAL-WORLD APPLICATION. OUR LOW TEACHER TO STUDENT RATIO ALLOWS FOR INDIVIDUALIZED EDUCATION THAT IS FLEXIBLE AND RESPONSIVE AND HAS RESULTED IN STUDENTS ACHIEVING ABOVE AVERAGE SAT SCORES. THE ACADEMY OFFERS A WIDE RANGE OF ELECTIVE COURSES FOR HIGH SCHOOL STUDENTS INCLUDING ADVANCED PLACEMENT (AP) COURSES. IN ADDITION TO THE ACADEMIC AND ARTISTIC EDUCATION STUDENTS RECEIVE, NORTHERN ACADEMYS APPROACH TO CHARACTER DEVELOPMENT AIMS TO GUIDE STUDENTS TO BECOME HEALTHY, UPRIGHT PEOPLE WHO KNOW RIGHT FROM WRONG, AND WHO WANT TO MAKE GOOD CHOICES BASED ON STRONG REASONING FOUNDED IN RESPECT FOR THEIR OWN LIVES AND THE LIVES OF OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Zhao Chairman | OfficerTrustee | 2 | $0 |
Huaping Guo Trustee | Trustee | 1 | $0 |
Yung-Chia Chen Secretary | OfficerTrustee | 2 | $0 |
Gail Rachlin Trustee | Trustee | 1 | $0 |
Pai-Maria Norris Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,801 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,583 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,384 |
| Total Program Service Revenue | $4,526,119 |
| Investment income | $9,636 |
| 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 | $4,619,139 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $939,065 |
| 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 | $1,839,234 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $42,013 |
| Office expenses | $28,607 |
| Information technology | $19,609 |
| Royalties | $0 |
| Occupancy | $795,386 |
| Travel | $19,946 |
| 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 | $71,115 |
| Insurance | $29,630 |
| All other expenses | $37,983 |
| Total functional expenses | $4,261,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $348,348 |
| Savings and temporary cash investments | $4,543,279 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,508 |
| 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 | $292 |
| Net Land, buildings, and equipment | $83,150 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,876 |
| Total assets | $5,101,453 |
| Accounts payable and accrued expenses | $61,499 |
| 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 | $411,157 |
| Total liabilities | $472,656 |
| Net assets without donor restrictions | $4,628,797 |
| 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 | $5,101,453 |