Academy For Precision Learning Inc
- Assets
- $3.2m
- Revenue
- $9.7m
- Investments
- $0.0
- Employees
- 217
- Location
- Seattle, WA
- Founding
- 05/2002
- Data as of
- 08/2023
- EIN
- 91-2143623
Organization Overview
Academy For Precision Learning Inc is located in Seattle, WA. The organization was established in 2002. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 08/2023, Academy For Precision Learning Inc employed 217 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy For Precision Learning Inc 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 08/2023, Academy For Precision Learning Inc generated $9.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $7.9m during the year ending 08/2023. While expenses have increased by 8.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ACADEMY FOR PRECISION LEARNING IS A K-12 SCHOOL DEDICATED TO THE SUCCESS OF ALL STUDENTS INCLUDING TYPICALLY DEVELOPING AND - THOSE ACROSS THE AUTISM SPECTRUM - LEARNING IN AN ACADEMICALLY CHALLENGING AND SOCIALLY VIBRANT ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMY FOR PRECISION LEARNING PROVIDES CHALLENGING AND ACCESSIBLE ACADEMICS, A SOCIALLY VIBRANT ENVIRONMENT, ENRICHMENT ACTIVITIES ACCESSIBLE TO ALL STUDENTS, AND BEHAVIORAL THERAPY SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Traci Corazin President | OfficerTrustee | 3 | $0 |
Greg Martinez Vice President | OfficerTrustee | 3 | $0 |
Pamela Keenan-Fritz Vice President (through September) | OfficerTrustee | 3 | $0 |
Victoria Doyle Secretary | OfficerTrustee | 3 | $0 |
Niamh Coleman Secretary (through January) | OfficerTrustee | 3 | $0 |
Mariya Akmal Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,047,904 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,667 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,161,571 |
| Total Program Service Revenue | $7,469,318 |
| Investment income | $4,936 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,177 |
| 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 | $9,655,002 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $244,993 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $259,372 |
| Compensation of current officers, directors, key employees. | $53,327 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,345,264 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $367,105 |
| Payroll taxes | $534,703 |
| Fees for services: Management | $9,918 |
| Fees for services: Legal | $9,025 |
| Fees for services: Accounting | $55,164 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $244,133 |
| Advertising and promotion | $0 |
| Office expenses | $98,140 |
| Information technology | $106,990 |
| Royalties | $0 |
| Occupancy | $468,775 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,086 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,892,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,760,015 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,019 |
| 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 | $22,706 |
| Net Land, buildings, and equipment | $306,561 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,063,953 |
| Total assets | $3,191,254 |
| Accounts payable and accrued expenses | $381,455 |
| Grants payable | $0 |
| Deferred revenue | $476,354 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $149,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,024,649 |
| Total liabilities | $2,031,958 |
| Net assets without donor restrictions | $1,159,296 |
| Net assets with donor restrictions | $0 |
| 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 | $3,191,254 |