Ann Arbor Academy Inc
- Assets
- $1.7m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 35
- Location
- Ann Arbor, MI
- Founding
- 11/2007
- Data as of
- 07/2023
- EIN
- 20-8035148
Organization Overview
Ann Arbor Academy Inc is located in Ann Arbor, MI. The organization was established in 2007. 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 07/2023, Ann Arbor Academy Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ann Arbor Academy 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 07/2023, Ann Arbor Academy Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $1.7m during the year ending 07/2023. While expenses have increased by 8.0% per year over the past 8 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
TO PROVIDE A PROGRAM FOR MIDDLE AND HIGH SCHOOL STUDENTS WITH LEARNING DISABILITIES THAT WORKS WITH EACH STUDENT TO ACHIEVE THE HIGHEST ACADEMIC SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH A TEAM APPROACH (STUDENTS, TEACHERS, AND PARENTS), THE STUDENTS LEARN TO TAKE RESPONSIBILITY FOR THEIR EDUCATION, AND CONSEQUENTLY LEARN THAT THEY HAVE THE ABILITY TO LEARN AND CREATE SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meredith Schindler Executive Di | Officer | 40 | $51,343 |
Lazo Radulovic Chair | OfficerTrustee | 0.5 | $0 |
Cameron Getto Secretary | OfficerTrustee | 0.5 | $0 |
Ben Williams Treasurer | OfficerTrustee | 1 | $0 |
Angela Nicita Director | Trustee | 0.5 | $0 |
Susan Yarrington Young Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $165,519 |
| All other contributions, gifts, grants, and similar amounts not included above | $83,285 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $248,804 |
| Total Program Service Revenue | $1,462,026 |
| Investment income | $2,170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $29,202 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,742,202 |
| 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. | $59,168 |
| Compensation of current officers, directors, key employees. | $8,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,037,527 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $138,588 |
| Payroll taxes | $92,211 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,892 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $38,178 |
| Office expenses | $120 |
| Information technology | $15,378 |
| Royalties | $0 |
| Occupancy | $22,254 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $46,023 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,125 |
| Insurance | $20,462 |
| All other expenses | $37,910 |
| Total functional expenses | $1,680,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,019 |
| Savings and temporary cash investments | $337,518 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,285 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $484 |
| Prepaid expenses and deferred charges | $8,206 |
| Net Land, buildings, and equipment | $1,190,727 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,462 |
| Total assets | $1,662,701 |
| Accounts payable and accrued expenses | $84,009 |
| Grants payable | $0 |
| Deferred revenue | $133,688 |
| 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 | $814,635 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,032,332 |
| Net assets without donor restrictions | $630,369 |
| 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 | $1,662,701 |