Founders Academy Of Las Vegas
- Assets
- $25.6m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 99
- Location
- Las Vegas, NV
- Founding
- Data as of
- 06/2023
- EIN
- 84-5151141
Organization Overview
Founders Academy Of Las Vegas is located in Las Vegas, NV. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Founders Academy Of Las Vegas employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Founders Academy Of Las Vegas 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, Founders Academy Of Las Vegas generated $8.8m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $9.3m during the year ending 06/2023. While expenses have increased by 8.1% per year over the past 3 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
THE MISSION OF FOUNDERS CLASSICAL ACADEMY OF LAS VEGAS IS TO TRAIN THE MINDS AND IMPROVE THE HEARTS OF YOUNG PEOPLE THROUGH A RIGOROUS, CLASSICAL EDUCATION IN THE LIBERAL ARTS AND SCIENCES, WITH INSTRUCTION IN THE PRINCIPLES OF MORAL CHARACTER AND CIVIC VIRTUE!
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PUBLIC CHARTER SCHOOL SERVING APPROXIMATELY 940 STUDENTS FOR THE YEAR ENDED JUNE 30, 2023.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ramir Hernandez President | OfficerTrustee | 2 | $0 |
Jamie Combs Vice President | OfficerTrustee | 2 | $0 |
John Hackmann Treasurer | OfficerTrustee | 2 | $0 |
Jason Michell Secretary | OfficerTrustee | 2 | $0 |
Jesus Marquez Director | Trustee | 2 | $0 |
Mary Greene Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,102,522 |
| All other contributions, gifts, grants, and similar amounts not included above | $197,956 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,300,478 |
| Total Program Service Revenue | $0 |
| Investment income | $122,828 |
| 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 | $8,770,515 |
| 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. | $185,599 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,221,426 |
| Pension plan accruals and contributions | $1,109,094 |
| Other employee benefits | $488,726 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $821,595 |
| Advertising and promotion | $16,391 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $235,473 |
| Travel | $27,420 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $893,964 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,664 |
| Insurance | $42,022 |
| All other expenses | $44,060 |
| Total functional expenses | $9,290,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,386,272 |
| Savings and temporary cash investments | $3,319,310 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,637 |
| 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 | $3,851,941 |
| Net Land, buildings, and equipment | $16,890,896 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $92,322 |
| Total assets | $25,614,378 |
| Accounts payable and accrued expenses | $1,212,132 |
| Grants payable | $0 |
| Deferred revenue | $30,807 |
| Tax-exempt bond liabilities | $18,539,684 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $145,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,226,256 |
| Total liabilities | $27,153,879 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $288,125 |
| Paid-in or capital surplus, or land, building, or equipment fund | -$1,827,626 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $25,614,378 |