Institute For Educational Achievement Inc
- Assets
- $9.2m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 53
- Location
- New Milford, NJ
- Founding
- 11/1995
- Data as of
- 06/2021
- EIN
- 22-3391706
Organization Overview
Institute For Educational Achievement Inc is located in New Milford, NJ. The organization was established in 1995. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2021, Institute For Educational Achievement Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Educational Achievement 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 06/2021, Institute For Educational Achievement Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $4.3m during the year ending 06/2021. While expenses have increased by 1.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
INSTITUTE FOR EDUCATIONAL ACHIEVEMENT IS A PRIVATE, NON-PROFIT PROGRAM OFFERING EDUCATIONAL PROGRAMMING,HOME PROGRAMMING, ADULT LIFE SKILLS TRAINING TO INDIVIDUALS WITH AUTISM. THE INSTITUTE PROVIDES RESEARCH-BASED TREATMENT, EDUCATIONAL AND PROFESSIONAL PREPARATION IN NJ.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL OPERATES A TEN MONTH AND EXTENDED YEAR PROGRAM, WHICH IS UTILIZED BY NEW JERSEY PUBLIC SCHOOL SENDING DISTRICTS IN SURROUNDING AREAS THAT ARE UNABLE TO PROVIDE THE SPECIALIZED CARE NECESSARY TO EDUCATE THESE STUDENTS.
THE ADULT LIFE SKILLS PROGRAM PROVIDES SPECIALIZED SERVICES AND SUPPORT TO ADULTS WITH DISABILITIES WHO ARE OVER THE AGE OF 21.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna DE Feo Principal | Officer | 50 | $167,793 |
Eric Rozenblat Director | Officer | 50 | $164,592 |
Marlene Haftek Business Mgr | Officer | 40 | $91,704 |
Frank Salerno Treasurer | OfficerTrustee | 0.75 | $0 |
Joanne Dowling Secretary | OfficerTrustee | 0.75 | $0 |
Holly Manuelian President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dawn B Townsend Consulting Service | 6/29/18 | $135,710 |
Phelps Construction Group Construction | 6/29/18 | $1,873,231 |
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 | $285,968 |
| Noncash contributions included in lines 1a–1f | $46,814 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $285,968 |
| Total Program Service Revenue | $3,433,674 |
| Investment income | $81,001 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $119,656 |
| Net Income from Fundraising Events | $283,437 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,203,736 |
| 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. | $507,825 |
| Compensation of current officers, directors, key employees. | $116,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,981,621 |
| Pension plan accruals and contributions | $114,641 |
| Other employee benefits | $548,091 |
| Payroll taxes | $155,504 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $174,231 |
| Advertising and promotion | $0 |
| Office expenses | $45,332 |
| Information technology | $4,626 |
| Royalties | $0 |
| Occupancy | $187,872 |
| Travel | $3,115 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $52,688 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $324,441 |
| Insurance | $34,600 |
| All other expenses | $0 |
| Total functional expenses | $4,286,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $604,767 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $70,737 |
| Accounts receivable, net | $426,114 |
| 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 | $53,263 |
| Net Land, buildings, and equipment | $4,849,103 |
| Investments—publicly traded securities | $3,162,644 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,166,628 |
| Accounts payable and accrued expenses | $94,916 |
| Grants payable | $0 |
| Deferred revenue | $201 |
| 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 | $908,951 |
| Unsecured mortgages and notes payable | $528,372 |
| Other liabilities | $0 |
| Total liabilities | $1,532,440 |
| Net assets without donor restrictions | $9,970,466 |
| Net assets with donor restrictions | -$2,336,278 |
| 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 | $9,166,628 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Institute For Educational Achievement Inc has recieved totaling $116,567.
| Awarding Organization | Amount |
|---|---|
Neal And Marlene Goldman Foundation Pound Ridge, NY PURPOSE: GENERAL SUPPORT | $30,000 |
Fields Family Foundation Long Island City, NY PURPOSE: GENERAL OPERATING | $25,000 |
The Derfner Foundation New York, NY PURPOSE: UNRESTRICTED USE | $25,000 |
The George P Swift Jr Family Gulf Stream, FL PURPOSE: GENERAL CHARITABLE PURPOSES | $20,000 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $5,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Variety Child Learning Center Syosset, NY | $8,356,973 | $21,867,725 |
The Hagedorn Little Village School Seaford, NY | $17,101,359 | $21,155,572 |
Summit School Upper Nyack, NY | $17,974,431 | $18,614,927 |
Steppingstone Day School Inc Kew Garden Hills, NY | $5,707,568 | $18,884,905 |
Kennedy Childrens Center New York, NY | $16,208,391 | $17,351,422 |
Eclc Of Nj A New Jersey Non Profit Corporation Chatham, NJ | $5,195,140 | $18,377,068 |
Kingsway Learning Center Moorestown, NJ | $5,041,618 | $18,181,631 |
Pennsylvania School For The Deaf Philadelphia, PA | $50,307,552 | $18,217,495 |
League School Brooklyn, NY | $8,003,102 | $18,878,930 |
The Manhattan Childrens Center Inc New York, NY | $11,028,934 | $17,851,466 |
American Federation Of Teachers Yonkers, NY | $7,190,230 | $15,527,584 |
Martin De Porres School Inc Elmont, NY | $5,784,072 | $14,760,411 |