Founders Academy Of Las Vegas
- Assets
- $23.1m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 86
- Location
- Las Vegas, NV
- Founding
- Data as of
- 06/2021
- 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 06/2021, Founders Academy Of Las Vegas employed 86 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 830 STUDENTS FOR THE YEAR ENDED JUNE 30, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Fick Superintendent-Principal | Officer | 40 | $47,397 |
Michael Brooks President - Resigned 3/23/21 | OfficerTrustee | 2 | $0 |
Ramir Hernandez President Since 4/27/21 | OfficerTrustee | 2 | $0 |
Kelley Heide Vice President | OfficerTrustee | 2 | $0 |
Danielle Butler Secretary | OfficerTrustee | 2 | $0 |
Steve Trupp Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,550,287 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,550,287 |
| Total Program Service Revenue | $93,098 |
| Investment income | $1,678 |
| 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 | $6,865,630 |
| 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. | $147,021 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,714,112 |
| Pension plan accruals and contributions | $1,020,836 |
| Other employee benefits | $18,599 |
| Payroll taxes | $322,094 |
| 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 | $752,046 |
| Advertising and promotion | $1,372 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $307,897 |
| Travel | $9,934 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $813,538 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $252,160 |
| Insurance | $34,486 |
| All other expenses | $38,937 |
| Total functional expenses | $7,358,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,980,922 |
| Savings and temporary cash investments | $2,116,870 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,781,123 |
| Net Land, buildings, and equipment | $16,652,897 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $612,773 |
| Total assets | $23,144,585 |
| Accounts payable and accrued expenses | $905,348 |
| Grants payable | $0 |
| Deferred revenue | $265,855 |
| Tax-exempt bond liabilities | $18,569,039 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $375,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,261,691 |
| Total liabilities | $24,376,933 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$608,540 |
| Paid-in or capital surplus, or land, building, or equipment fund | -$623,808 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $23,144,585 |
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