Villa Academy
- Assets
- $24.3m
- Revenue
- $13.8m
- Investments
- $0.0
- Employees
- 114
- Location
- Seattle, WA
- Founding
- 04/1977
- Data as of
- 06/2022
- EIN
- 91-0978575
Organization Overview
Villa Academy is located in Seattle, WA. The organization was established in 1977. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Villa Academy employed 114 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Villa Academy 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 06/2022, Villa Academy generated $13.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $11.7m during the year ending 06/2022. While expenses have increased by 4.6% per year over the past 7 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
VILLA ACADEMY IS AN INDEPENDENT CATHOLIC SCHOOL SERVING GRADES PRESCHOOL THROUGH EIGHTH GRADE, DEDICATED TO EXCELLENCE IN THE EDUCATION OF THE WHOLE CHILD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT FOR PROFIT COEDUCATIONAL CATHOLIC SCHOOL PRESCHOOL TO 8TH GRADE OPEN TO ALL ON A NONDISCRIMINATORY BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Thenell Grasseschi Interim Head Of School | Officer | 40 | $177,069 |
John Milroy Head Of School | Officer | 40 | $162,491 |
Karen Strand Librarian | 40 | $103,286 | |
Anthony Calomeni Director Of Technology | 40 | $100,450 | |
Marion Richards Director Of Business & Finance | Officer | 40 | $90,755 |
Robin Waterman Vice-President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Legacy Renovation Window Renovation | 6/29/20 | $392,176 |
Marty K Janatorial Services | 6/29/20 | $146,413 |
Pioneer Masonry Restoration Masonry Restoration | 6/29/20 | $347,582 |
Legacy Renovation Window Renovation | 6/29/20 | $392,176 |
Pioneer Masonry Restoration Masonry Restoration | 6/29/20 | $347,582 |
Marty K Janatorial Services | 6/29/20 | $146,413 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $159,920 |
| Related organizations | $0 |
| Government grants | $1,421,892 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,989,112 |
| Noncash contributions included in lines 1a–1f | $704,407 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,570,924 |
| Total Program Service Revenue | $9,290,679 |
| Investment income | $56,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$87,219 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,840,238 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,421,892 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $461,191 |
| Compensation of current officers, directors, key employees. | $92,182 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,802,649 |
| Pension plan accruals and contributions | $278,363 |
| Other employee benefits | $824,093 |
| Payroll taxes | $437,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,330 |
| Fees for services: Accounting | $56,468 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $200,535 |
| Office expenses | $344,084 |
| Information technology | $238,084 |
| Royalties | $0 |
| Occupancy | $925,150 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $138,513 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $688,833 |
| Insurance | $0 |
| All other expenses | $40,560 |
| Total functional expenses | $11,748,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,958,763 |
| Savings and temporary cash investments | $3,734,166 |
| Pledges and grants receivable | $410,488 |
| Accounts receivable, net | $36,034 |
| 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 | $413,249 |
| Net Land, buildings, and equipment | $14,411,051 |
| Investments—publicly traded securities | $1,312,637 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,276,388 |
| Accounts payable and accrued expenses | $741,860 |
| Grants payable | $0 |
| Deferred revenue | $1,383,323 |
| Tax-exempt bond liabilities | $5,555,221 |
| 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 | $0 |
| Total liabilities | $7,680,404 |
| Net assets without donor restrictions | $13,175,961 |
| Net assets with donor restrictions | $3,420,023 |
| 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 | $24,276,388 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Villa Academy has recieved totaling $413,949.
| Awarding Organization | Amount |
|---|---|
Servant Foundation Overland Park, KS PURPOSE: EDUCATION | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $82,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $75,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $62,131 |
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT | $32,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $25,000 |
Endowment Analysis
| Beg. Balance | $1,500,205 |
| Earnings | -$187,568 |
| Ending Balance | $1,312,637 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Day 1 Academies Mercer Island, WA | $35,976,300 | $29,810,665 |
Villa Academy Seattle, WA | $24,276,388 | $13,840,238 |
Epiphany School Seattle, WA | $36,455,927 | $10,306,014 |
Waldorf School Association Of Seattle Seattle, WA | $16,310,724 | $9,141,587 |
Westside School Seattle, WA | $16,952,387 | $9,211,084 |
Woodinville Montessori School Bothell, WA | $15,931,467 | $9,107,096 |
Portland Jewish Academy Portland, OR | $8,709,251 | $10,309,622 |
Sound Child Care Solutions Seattle, WA | $4,171,227 | $8,436,558 |
Ccs Early Learning Wasilla, AK | $2,890,390 | $8,197,288 |
Friends Of Children And Families Inc Boise, ID | $3,302,852 | $6,133,054 |
Christian School Society Of Portland Portland, OR | $7,285,846 | $6,199,837 |
Lighthouse Christian School Gig Harbor, WA | $9,441,366 | $5,288,130 |