Runestone Academy Ltd
- Assets
- $13.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Luck, WI
- Founding
- Data as of
- 12/2023
- EIN
- 87-4310817
Organization Overview
Runestone Academy Ltd is located in Luck, WI. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Runestone Academy Ltd 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 12/2023, Runestone Academy Ltd generated $108.1k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $100.9k during the year ending 12/2023. While expenses have increased by 11.1% per year over the past 2 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
RUNESTONE ACADEMY PROVIDED ONLINE INTERACTIVE TEXTBOOKS, GRADING, AND ANALYSIS TO OVER 80,000 STUDENTS AND INSTRUCTORS IN 2023. WE HOSTED 4,900 COURSES IN 2023. WE NOW HAVE 100 TEXTBOOKS IN OUR LIBRARY. WE LAUNCHED A NEW WEBSITE THAT IS MORE USER FRIENDLY AND MARKETS OUR FREE TEXTBOOKS MORE CLEARLY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Miller President | 40 | $42,000 | |
Jane Miller Cfo/treasurer | 6 | $7,000 | |
Paul Resnick Board Member | 0.25 | $0 | |
David Farmer Board Member | 0.25 | $0 | |
Susan Rodger Board Member | 0.25 | $0 | |
Daniel Fenjves Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,807 |
| Total Program Service Revenue | $29,460 |
| Membership dues | $0 |
| Investment income | $3,794 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $108,061 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $58,645 |
| Professional fees and other payments to independent contractors | $19,119 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,120 |
| Other expenses | $22,018 |
| Total expenses | $100,902 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,749 |
| Other assets | $0 |
| Total assets | $13,719 |
| Total liabilities | $5,721 |
| Net assets or fund balances | $7,998 |