Zenith Academy
- Assets
- $9.1m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 96
- Location
- Columbus, OH
- Founding
- 07/2011
- Data as of
- 06/2022
- EIN
- 02-0727198
Organization Overview
Zenith Academy is located in Columbus, OH. The organization was established in 2011. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Zenith Academy employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zenith 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, Zenith Academy generated $8.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $7.5m during the year ending 06/2022. While expenses have increased by 4.8% per year over the past 6 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
PUBLIC CHARTER SCHOOL IN OHIO PROVIDING EDUCATIONAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ZENITH ACADEMY PROVIDES A HIGH QUALITY EDUCATION TO APPROXIMATELY 300 STUDENTS, MOST OF WHOM SPEAK ENGLISH AS A SECOND LANGUAGE. THE SCHOOL SEEKS ACADEMIC EXCELLENCE AND A HOLISTIC APPROACH TO THE EDUCATION OF STUDENTS. THE SCHOOL IS A PUBLIC CHARTER SCHOOL IN OHIO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamal Naiyer Board Chair | Trustee | 2 | $1,250 |
Yusuf Mecca Trustee | Trustee | 1 | $1,250 |
Daouda Keita Trustee | Trustee | 1 | $1,250 |
Syed Alavi Trustee | Trustee | 1 | $1,250 |
Jalal Kassab Trustee | Trustee | 1 | $1,125 |
Aftab Syed Trustee | Trustee | 1 | $500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Educational Resource Consultants Educational Consulting | 6/29/22 | $136,241 |
Sdg Security Technical Services | 6/29/22 | $138,593 |
Kismayo Food Service Student Food Service | 6/29/22 | $558,104 |
Prestige Solutions Management | 6/29/22 | $1,227,593 |
W Ltd Rent | 6/29/22 | $157,726 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,199,579 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,199,579 |
| 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 | $8,199,579 |
| 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 | $2,884,215 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $430,394 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,498,623 |
| Fees for services: Legal | $5,606 |
| Fees for services: Accounting | $48,078 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $598,689 |
| Advertising and promotion | $2,127 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $320,555 |
| 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 | $721,828 |
| Insurance | $0 |
| All other expenses | $36,752 |
| Total functional expenses | $7,531,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $756,798 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $226,150 |
| Accounts receivable, net | $335,856 |
| 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 | $3,800 |
| Net Land, buildings, and equipment | $5,700,277 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,095,515 |
| Total assets | $9,118,396 |
| Accounts payable and accrued expenses | $1,370,610 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,344,254 |
| Total liabilities | $10,714,864 |
| Net assets without donor restrictions | -$1,596,468 |
| 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 | $9,118,396 |