Lancaster County Academy
- Assets
- $364.1k
- Revenue
- $437.0k
- Investments
- $0.0
- Employees
- 11
- Location
- Lancaster, PA
- Founding
- 11/1995
- Data as of
- 06/2022
- EIN
- 23-2733526
Organization Overview
Lancaster County Academy is located in Lancaster, PA. The organization was established in 1995. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Lancaster County Academy employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lancaster County 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, Lancaster County Academy generated $437.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $381.2k during the year ending 06/2022. While expenses have increased by 0.2% per year over the past 7 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
PROVIDING INDIVIDUALS WITH THE OPPORTUNITY TO EXPERIENCE SUCCESS, BECOME INDEPENDENT, LIFE-LONG LEARNERS, AND PREPARE THEMSELVES TO BECOME RESPONSIBLE CITIZENS IN AN EVER-CHANGING WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR SOME STUDENTS, THE TRADITIONAL CLASSROOM OR SCHOOL HAS NOT PROVIDED THE IDEAL LEARNING ENVIRONMENT. AS A RESULT, THEY MAY BE STRUGGLING OR LACK MOTIVATION TO COMPLETE HIGH SCHOOL. THE LANCASTER COUNTY ACADEMY PROVIDES A SECOND CHANCE TO STUDENTS TO EARN A REGULAR HIGH SCHOOL DIPLOMA, AND ACQUIRE THE NEEDED WORK SKILLS DESIRED BY TODAY'S EMPLOYERS. THE ACADEMY'S SELF-PACED ACADEMIC CURRICULUM FITS THE NEEDS OF STUDENTS WHO ARE RELEASED IN MID-SCHOOL YEAR FROM COURT PLACEMENTS. STUDENTS AGE 16-21 MUST RESIDE IN A SPONSORING SCHOOL DISTRICT AND RECEIVE APPROVAL FROM THE DISTRICT. NO MATTER WHAT THE REASON THAT REGULAR SCHOOL WAS NOT WORKING, THE LANCASTER COUNTY ACADEMY GIVES OPPORTUNITY TO RESTART A STALLED EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Clair President | OfficerTrustee | 1 | $0 |
James Read Director/vice President | OfficerTrustee | 1 | $0 |
David Beiler Treasurer | OfficerTrustee | 1 | $0 |
Donna Wert Secretary | OfficerTrustee | 1 | $0 |
Idette Groff Director | Trustee | 1 | $0 |
Ben Kling Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,382 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,856 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,238 |
| Total Program Service Revenue | $423,482 |
| Investment income | $274 |
| 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 | $436,994 |
| 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. | $93,153 |
| Compensation of current officers, directors, key employees. | $3,432 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $192,127 |
| Pension plan accruals and contributions | $1,236 |
| Other employee benefits | $10,218 |
| Payroll taxes | $22,577 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $431 |
| 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 | $6,523 |
| Advertising and promotion | $1,413 |
| Office expenses | $11,302 |
| Information technology | $8,081 |
| Royalties | $0 |
| Occupancy | $15,880 |
| Travel | $273 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $639 |
| Conferences, conventions, and meetings | $0 |
| Interest | $231 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,595 |
| Insurance | $4,383 |
| All other expenses | $0 |
| Total functional expenses | $381,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,573 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $39,590 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $7,846 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $98,042 |
| Total assets | $364,051 |
| Accounts payable and accrued expenses | $21,104 |
| 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 | $435,868 |
| Total liabilities | $456,972 |
| Net assets without donor restrictions | -$108,041 |
| Net assets with donor restrictions | $15,120 |
| 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 | $364,051 |