Educational Impact Inc
- Assets
- $470.3k
- Revenue
- $1.6m
- Investments
- $10.0k
- Employees
- 24
- Location
- Tucson, AZ
- Founding
- 07/2019
- Data as of
- 06/2022
- EIN
- 92-0193846
Organization Overview
Educational Impact Inc is located in Tucson, AZ. The organization was established in 2019. 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 06/2022, Educational Impact Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Educational Impact 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 06/2022, Educational Impact Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 7.5% per year over the past 3 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
EDUCATIONAL IMPACT INC. SCHOOL DISTRICT OPERATES THE FOLLOWING PROGRAMS: ADVENTURE SCHOOLS PRESCHOOL PROGRAM FOR INFANTS THROUGH AGE 4; ADVENTURE SCHOOLS CHARTER PROGRAM FOR KINDERGARTEN THROUGH GRADE 5; AND ADVENTURE SCHOOLS MIDDLE SCHOOL PROGRAM FOR GRADES 6 THROUGH 8. WE STRIVE TO PROVIDE EACH STUDENT A SAFE AND NURTURING PLACE IN WHICH TO SUCCEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL IMPACT INC. SCHOOL DISTRICT MANAGED AND OPERATED THREE PUBLIC SCHOOLS FOR THE 2021-2022 SCHOOL YEAR, SERVING 156 STUDENTS IN TUCSON, ARIZONA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maryann Penczar President | OfficerTrustee | 50 | $106,956 |
Jack Penczar Secretary/treasurer | OfficerTrustee | 5 | $0 |
Gary Best Board Member | Trustee | 2 | $0 |
V Earl Doran Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,639,136 |
| 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 | $1,639,136 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,639,828 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $653,308 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,786 |
| Payroll taxes | $48,789 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $109 |
| Fees for services: Accounting | $23,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $113,775 |
| Advertising and promotion | $0 |
| Office expenses | $2,751 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $393,402 |
| 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 | $13,855 |
| Insurance | $22,177 |
| All other expenses | $0 |
| Total functional expenses | $1,516,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,998 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $14,323 |
| Accounts receivable, net | $5,150 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $7,003 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,724 |
| Net Land, buildings, and equipment | $119,081 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $470,279 |
| Accounts payable and accrued expenses | $23,856 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $28,046 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $64,204 |
| Total liabilities | $116,106 |
| Net assets without donor restrictions | $354,173 |
| 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 | $470,279 |