Asp2 Steam Academy Inc Nfp
- Assets
- $377.1k
- Revenue
- $324.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Belleville, IL
- Founding
- 02/2019
- Data as of
- 12/2022
- EIN
- 82-4453749
Organization Overview
Asp2 Steam Academy Inc Nfp is located in Belleville, IL. The organization was established in 2019. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary 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. Asp2 Steam Academy Inc Nfp 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 12/2022, Asp2 Steam Academy Inc Nfp generated $324.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 25.6% each year . All expenses for the organization totaled $394.4k during the year ending 12/2022. While expenses have increased by 22.9% 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
WE ARE A PREK TO 3RD GRADE EDUCATIONAL FACILITY THAT FOCUSES ON SCIENCE TECH ENGINEERING ARTS MATH ACCORDING TO IL CORE STANDARD
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASP2'S TEACHERS & CONTRACTORS PROVIDE A HIGHER LEVEL OF LEARNING & ACTIVITIES FOR UNIQUE EXPERIENCES A PUBLIC SCHOOL WOULD NOT BE ABLE TO OFFER ALWAYS STAYING WITHIN TEACHER/CHILD RATIO STANDARDS FOR A SCHOOL
LEASE/RENT IS A LARGE ENOUGH EXPENSE TO START OBTAINING OUR OWN BUILDING TO NOT ONLY BE ABLE TO ACCOMODATE MORE STUDENTS AND TEACHERS BUT TO BE ABLE TO SHOW THE BUILDING AS AN ASSET ON OUR FINANCIALS. OUR 2023 GOAL IS TO OBTAIN A BUILDING.
PAYROLL TAXES ARE AN EXPENSE THE CENTER CANNOT AFFORD AT THIS TIME SO WE HAVE MOVED EMPLOYEES TO BEING CONTRACTORS SINCE THE WORKERS ARE RESPONSIBLE FOR THEIR LEARNING PLANS AND CLASS STRUCTURES. THIS SHOULD HELP WITH INCREASING INCOME
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tanya M Ferguson Director | OfficerTrustee | 40 | $16,146 |
Taylor Harris Treasurer | Officer | 15 | $9,900 |
Sharri Thomas Secretary | Officer | 5 | $5,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tanya Ferguson Teaching Assist | 12/30/22 | $4,000 |
Cynthia Thomas Teacher | 12/30/22 | $5,250 |
Arronyea Whitt Teaching | 12/30/22 | $3,337 |
Mona Jackson Teacher | 12/30/22 | $3,000 |
Numbertrak Accounting Llc Accountantconsultant | 12/30/22 | $5,616 |
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 | $24,352 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,352 |
| Total Program Service Revenue | $299,671 |
| Investment income | $4 |
| 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 | $324,027 |
| 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. | $31,046 |
| Compensation of current officers, directors, key employees. | $31,046 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $171,812 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,526 |
| Payroll taxes | $17,716 |
| Fees for services: Management | $6,115 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $351 |
| Office expenses | $36,599 |
| Information technology | $5,729 |
| Royalties | $0 |
| Occupancy | $79,533 |
| Travel | $2,905 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,512 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,086 |
| All other expenses | $1,818 |
| Total functional expenses | $394,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,333 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,391 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $154,709 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $32,668 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $377,101 |
| Accounts payable and accrued expenses | $61,286 |
| 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 | $485,365 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $223 |
| Total liabilities | $546,874 |
| Net assets without donor restrictions | $377,102 |
| 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 | -$16,760 |
| Retained earnings, endowment, accumulated income, or other funds | -$153,013 |
| Total liabilities and net assets/fund balances | $377,101 |