Park Academy
- Assets
- $12.4m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 33
- Location
- Lake Oswego, OR
- Founding
- 08/2006
- Data as of
- 06/2021
- EIN
- 20-2381913
Organization Overview
Park Academy is located in Lake Oswego, OR. The organization was established in 2006. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Park Academy employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park 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 06/2021, Park Academy generated $2.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $2.6m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PARK ACADEMY EMPOWERS STUDENTS WITH DIVERSE LEARNING CHALLENGES TO REACH THEIR HIGHEST POTENTIAL OF GIFTEDNESS WHILE EXCELLING ACADEMICALLY AND BECOMING RESPONSIBLE CITIZENS AND COMMUNITY LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARK ACADEMY SERVED A STUDENT POPULATION OF 98 STUDENTS DURING THE ACADEMIC SCHOOL YEAR USING SPECIFIC CURRICULA SUCH AS READING CURRICULA , WRITING CURRICULA, AND MULTI SENSORY MATH CURRICULA. MULTISENSORY METHODOLOGY, INCLUDING A HEAVY EMPHASIS ON THE ARTS, ARE INTEGRATED THROUGHOUT ALL CORE CURRICULA. THE STRATEGIES HELP ALL STUDENTS BECOME READY TO ATTEND 4-YEAR COLLEGES, COMMUNITY COLLEGES, OR TECHNICAL SCHOOLS UPON GRADUATION FROM PARK ACADEMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Lowery Head Of School | OfficerTrustee | 40 | $115,000 |
Andy Pihl Board Chair | OfficerTrustee | 10 | $0 |
Gina Williams Treasurer | OfficerTrustee | 10 | $0 |
Piper Park Founder/secretary | OfficerTrustee | 10 | $0 |
Keith Cheng Trustee | Trustee | 1 | $0 |
Tom Boothe Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $49,134 |
| Related organizations | $0 |
| Government grants | $335,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $822,039 |
| Noncash contributions included in lines 1a–1f | $64,099 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,206,573 |
| Total Program Service Revenue | $1,515,675 |
| Investment income | $133,388 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,988 |
| Net Income from Fundraising Events | -$25,450 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,859,355 |
| 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. | $120,748 |
| Compensation of current officers, directors, key employees. | $18,780 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,506,003 |
| Pension plan accruals and contributions | $36,958 |
| Other employee benefits | $164,067 |
| Payroll taxes | $174,393 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,250 |
| Fees for services: Accounting | $15,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,973 |
| Fees for services: Other | $21,185 |
| Advertising and promotion | $5,798 |
| Office expenses | $27,548 |
| Information technology | $49,607 |
| Royalties | $0 |
| Occupancy | $90,112 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,741 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $219,620 |
| Insurance | $17,753 |
| All other expenses | $26,280 |
| Total functional expenses | $2,574,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $271,518 |
| Savings and temporary cash investments | $117,615 |
| Pledges and grants receivable | $204,675 |
| Accounts receivable, net | $14,883 |
| 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 | $20,313 |
| Net Land, buildings, and equipment | $5,981,158 |
| Investments—publicly traded securities | $5,755,141 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,927 |
| Total assets | $12,412,230 |
| Accounts payable and accrued expenses | $207,318 |
| Grants payable | $0 |
| Deferred revenue | $141,159 |
| 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 | $0 |
| Total liabilities | $348,477 |
| Net assets without donor restrictions | $4,754,977 |
| Net assets with donor restrictions | $7,308,776 |
| 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 | $12,412,230 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Park Academy has recieved totaling $7,900.
| Awarding Organization | Amount |
|---|---|
Mary P Dolciani Halloran Foundation Harrison, NY PURPOSE: NEW MIDDLE SCHOOL CURIICULUM | $7,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Day School Inc San Francisco, CA | $48,363,638 | $20,220,768 |
Great Valley Academy Modesto, CA | $24,077,962 | $19,349,620 |
San Francisco Day School San Francisco, CA | $90,241,572 | $23,860,788 |
Dr Miriam And Sheldon G Adelson Educational Institute Las Vegas, NV | $45,249,882 | $16,559,222 |
Synapse School Menlo Park, CA | $20,691,097 | $17,078,899 |
Mark Day School San Rafael, CA | $46,409,583 | $18,444,024 |
Hillbrook School Los Gatos, CA | $32,644,985 | $20,493,868 |
Evergreen School Shoreline, WA | $54,109,732 | $18,688,724 |
Heights Christian Schools La Habra Heights, CA | $13,507,090 | $16,795,259 |
Griffin Technology Academies Vallejo, CA | $23,322,546 | $19,613,805 |
Valley Christian School System Cerritos, CA | $15,496,227 | $17,847,318 |
Redlands Christian School Redlands, CA | $36,719,487 | $19,631,459 |