Villa Academy
- Assets
- $26.3m
- Revenue
- $13.6m
- Investments
- $0.0
- Employees
- 132
- Location
- Seattle, WA
- Founding
- 04/1977
- Data as of
- 06/2024
- 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 06/2024, Villa Academy employed 132 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 06/2024, Villa Academy generated $13.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $14.2m during the year ending 06/2024. While expenses have increased by 5.8% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
VILLA ACADEMY IS AN INCLUSIVE INDEPENDENT SCHOOL COMMUNITY DEDICATED TO DEVELOPING THE WHOLE CHILD IN THE CABRINIAN TRADITION OF "EDUCATION OF THE HEART." THROUGH DYNAMIC INQUIRY-BASED LEARNING, VILLA STUDENTS BECOME ACTIVE AGENTS OF THEIR INTELLECTUAL GROWTH IN PREPARATION FOR LIVES OF SERVICE AND PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT FOR PROFIT INDEPENDENT SCHOOL, PRESCHOOL TO 8TH GRADE, OPEN TO ALL ON A NONDISCRIMINATORY BASIS.
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 |
|---|---|---|---|
Elizabeth Willis-Tropea Head Of School | Officer | 40 | $304,778 |
Marion Richards Director Of Business & Finance | Officer | 40 | $143,550 |
Sarah Merriman Board Chair | OfficerTrustee | 5 | $0 |
Libby Duryea Vice President | OfficerTrustee | 3 | $0 |
Ryan Mcaninch Treasurer | OfficerTrustee | 1.5 | $0 |
Erin Baranick Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
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 | $220,779 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $757,153 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $977,932 |
| Total Program Service Revenue | $12,239,595 |
| Investment income | $337,450 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $84,599 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,639,576 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,407,934 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $519,550 |
| Compensation of current officers, directors, key employees. | $519,550 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,462,422 |
| Pension plan accruals and contributions | $348,911 |
| Other employee benefits | $789,215 |
| Payroll taxes | $559,550 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,170 |
| Fees for services: Accounting | $29,749 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,588 |
| Advertising and promotion | $261,705 |
| Office expenses | $285,911 |
| Information technology | $319,998 |
| Royalties | $0 |
| Occupancy | $986,914 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $155,077 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $672,006 |
| Insurance | $161,512 |
| All other expenses | $0 |
| Total functional expenses | $14,216,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,870,940 |
| Savings and temporary cash investments | $3,975,181 |
| Pledges and grants receivable | $81,515 |
| Accounts receivable, net | $15,596 |
| 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 | $279,952 |
| Net Land, buildings, and equipment | $13,027,550 |
| Investments—publicly traded securities | $7,042,059 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,292,793 |
| Accounts payable and accrued expenses | $1,067,101 |
| Grants payable | $0 |
| Deferred revenue | $1,888,765 |
| Tax-exempt bond liabilities | $5,240,400 |
| 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 | $8,196,266 |
| Net assets without donor restrictions | $14,106,412 |
| Net assets with donor restrictions | $3,990,115 |
| 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 | $26,292,793 |