Innovate Academy & Preparatory School Corp
- Assets
- $3.0m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 51
- Location
- Eagle, ID
- Founding
- Data as of
- 06/2023
- EIN
- 84-1751848
Organization Overview
Innovate Academy & Preparatory School Corp is located in Eagle, ID. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, Innovate Academy & Preparatory School Corp employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Innovate Academy & Preparatory School Corp 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, Innovate Academy & Preparatory School Corp generated $3.1m in total revenue. All expenses for the organization totaled $3.2m during the year ending 06/2023. While expenses have increased by 99.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OFFER A CHALLENGING AND DIVERSE CURRICULUM IN A TIGHT KNIT CULTURE TO FOSTER A PASSION FOR LEARNING AND EQUIP STUDENTS WITH THE TOOLS NECESSARY TO BECOME SUCCESSFUL, WELL-ROUNDED ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION FOR PRE-SCHOOL THROUGH 8TH GRADE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tessa Osborne Director | Trustee | 20 | $0 |
Megan Stephens Director | Trustee | 20 | $0 |
April Dillon Director | Trustee | 10 | $0 |
Shauna Patrick Director | Trustee | 10 | $12,000 |
Gloria Nagel Elementary Headmaster | Officer | 40 | $65,625 |
Kevan Grant Middle/high School Headmaster | Officer | 40 | $75,799 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,331 |
| Related organizations | $0 |
| Government grants | $45,968 |
| All other contributions, gifts, grants, and similar amounts not included above | $313,301 |
| Noncash contributions included in lines 1a–1f | $6,206 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $371,600 |
| Total Program Service Revenue | $2,593,977 |
| Investment income | $279 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $688 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,061,252 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $44,315 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $168,129 |
| Compensation of current officers, directors, key employees. | $18,494 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,500,539 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $239,469 |
| Payroll taxes | $135,795 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,263 |
| Fees for services: Accounting | $34,552 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,294 |
| Advertising and promotion | $22,610 |
| Office expenses | $15,680 |
| Information technology | $44,564 |
| Royalties | $0 |
| Occupancy | $712,827 |
| 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 | $2,544 |
| Insurance | $46,328 |
| All other expenses | $6,939 |
| Total functional expenses | $3,152,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,003 |
| Savings and temporary cash investments | $659,846 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,665 |
| 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 | $38,530 |
| Net Land, buildings, and equipment | $9,437 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,104,682 |
| Total assets | $2,980,163 |
| Accounts payable and accrued expenses | $103,234 |
| Grants payable | $0 |
| Deferred revenue | $524,663 |
| 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 | $2,180,985 |
| Total liabilities | $2,808,882 |
| Net assets without donor restrictions | $171,281 |
| 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 | $2,980,163 |