Open Sky Education Inc
- Assets
- $15.4m
- Revenue
- $14.4m
- Investments
- $0.0
- Employees
- 62
- Location
- Waukesha, WI
- Founding
- 05/2007
- Data as of
- 06/2022
- EIN
- 20-5033694
Organization Overview
Open Sky Education Inc is located in Waukesha, WI. The organization was established in 2007. 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, Open Sky Education Inc employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Sky Education 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, Open Sky Education Inc generated $14.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $14.8m during the year ending 06/2022. While expenses have increased by 13.8% per year over the past 5 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
OPEN SKY EDUCATION CREATES, SUPPORTS, LEADS, AND GROWS A FAMILY OF ORGANIZATIONS TO ENSURE A FULL AND LASTING EDUCATION IS ACCESSIBLE AND AFFORDABLE FOR ALL CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPEN SKY EDUCATION, INC: IS A NONPROFIT CORPORATION WHOSE PRIMARY PURPOSE IS TO PROVIDE EDUCATIONAL SERVICES TO CHILDREN SUCH SERVICES WILL BE PROVIDED ON A NON-DISCRIMINATORY BASIS.
EEI REAL ESTATE HOLDINGS: THE 5 FACILITIES ARE SINGLE MEMBER LLCS ENGAGED IN THE OWNING, LEASING, DEVELOPING, AND MANAGING OF EDUCATIONAL RELATED REAL ESTATE.
SOARING EDUCATION SERVICES, LLC: SOARING EDUCATION SERVICES PROVIDES A SIMPLE, LOW-RISK, AFFORDABLE APPROACH TO CHRISTIAN EDUCATION. WE CAN HELP WITH EVERY ASPECT OF STARTING AND OPERATING A SCHOOL OR EVEN IMPROVING AN EXISTING SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Neumann Executive Chair/ceo | OfficerTrustee | 34 | $378,596 |
James Rahn Board Chair & Secretary | OfficerTrustee | 1 | $0 |
Matthew Burow Board Treasurer | OfficerTrustee | 1 | $0 |
Daniel Depies Chief Operating Officer | Officer | 34 | $221,859 |
Glenn Kieckhaefer Executive Vice President | Officer | 34 | $272,785 |
Jeremy Ehlers Chief Financial Officer | Officer | 34 | $155,265 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stephen Perry Smith Architects Inc Architectural Services | 6/29/22 | $256,340 |
Adp Payroll Processing And Administration | 6/29/22 | $239,656 |
Leffler Cleaning Contractor Cleaning Services | 6/29/22 | $202,440 |
Davis & Kuelthau Sc Legal Services | 6/29/22 | $166,436 |
Finalsite Website Hosting & Digital Marketing Serv | 6/29/22 | $116,000 |
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 | $400,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $400,000 |
| Total Program Service Revenue | $12,726,794 |
| Investment income | $137,527 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$51,915 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,397,416 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,348,547 |
| 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. | $903,428 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,116,897 |
| Pension plan accruals and contributions | $157,087 |
| Other employee benefits | $3,693,232 |
| Payroll taxes | $273,838 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $204,659 |
| Fees for services: Accounting | $84,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,220,701 |
| Advertising and promotion | $372,374 |
| Office expenses | $121,579 |
| Information technology | $385,416 |
| Royalties | $0 |
| Occupancy | $1,797,139 |
| Travel | $185,014 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $47 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,284 |
| Insurance | $44,502 |
| All other expenses | $0 |
| Total functional expenses | $14,815,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,591,997 |
| Savings and temporary cash investments | $2,134,676 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $302,669 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,459,990 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $74,747 |
| Net Land, buildings, and equipment | $259,919 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,559,448 |
| Total assets | $15,383,446 |
| Accounts payable and accrued expenses | $558,956 |
| 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 | $0 |
| Total liabilities | $558,956 |
| Net assets without donor restrictions | $14,449,490 |
| Net assets with donor restrictions | $375,000 |
| 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 | $15,383,446 |
Grants Awarded
Over the last fiscal year, Open Sky Education Inc has awarded $2,245,665 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EEI COMPASS EDUCATIONAL PARTNERS INC PURPOSE: DAILY OPERATION EXPENSES | $84,955 |
COMPASS FACILITIES PURPOSE: DAILY OPERATION EXPENSES | $2,160,710 |