The Neighborhood Academy
- Assets
- $14.9m
- Revenue
- $5.8m
- Investments
- $951.0k
- Employees
- 45
- Location
- Pittsburgh, PA
- Founding
- 03/1999
- Data as of
- 08/2022
- EIN
- 25-1816609
Organization Overview
The Neighborhood Academy is located in Pittsburgh, PA. The organization was established in 1999. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 08/2022, Neighborhood Academy employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood 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 08/2022, Neighborhood Academy generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $4.5m during the year ending 08/2022. While expenses have increased by 4.0% 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 EDUCATION AND PREPARING LOW-INCOME STUDENTS FOR HIGHER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEIGHBORHOOD ACADEMY IS AN INDEPENDENT COLLEGE-PREPARATORY SCHOOL ACCREDITED BY THE PENNSYLVANIA ASSOCIATION OF INDEPENDENT SCHOOLS. THE SCHOOL IS PRIVATELY FUNDED THROUGH THE GENEROSITY OF COMMITTED INDIVIDUALS, CORPORATIONS, FOUNDATIONS AND FAITH COMMUNITIES. PARENTS CONTRIBUTE A SMALL MONTHLY TUITION FEE THAT IS BASED ON INCOME LEVEL. THIS TUITION REQUIREMENT INVOLVES FAMILIES AND ENCOURAGES THEM TO ASSIGN A VALUE TO EDUCATION. PARENTS ALSO SHARE THE COST OF THEIR CHILD'S EDUCATION BY PARTICIPATING IN MEAL TEAMS AND CARPOOLS. LOW-INCOME STUDENTS OFTEN ARRIVE AT SCHOOL BURDENED BY THE CONSEQUENCES OF POVERTY. ISSUES ARISING FROM UNSTRUCTURED HOME LIVES, CONCERNS ABOUT BASIC DAILY NEEDS, AND LACK OF ACCESS TO AN ENVIRONMENT (CONTINUED ON SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Williams Head Of Scho | Officer | 40 | $143,763 |
Brent Jernigan Asst. Head O | Officer | 40 | $108,488 |
Carolyn Sanford Asst. Head O | Officer | 40 | $100,898 |
Barbara Hall Business Man | Officer | 40 | $93,695 |
Ed Haller Chairman | OfficerTrustee | 4 | $0 |
Daniel Lynch Vice Chairma | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wl Roenigk Inc Transportation Services | 8/30/18 | $112,010 |
Bridges & Co Inc Construction Services | 8/30/18 | $740,742 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $36,803 |
| Membership dues | $0 |
| Fundraising events | $69,143 |
| Related organizations | $0 |
| Government grants | $196,478 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,305,231 |
| Noncash contributions included in lines 1a–1f | $538,969 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,607,655 |
| Total Program Service Revenue | $134,185 |
| Investment income | $34,887 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $114,623 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$42,119 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,849,231 |
| 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. | $452,203 |
| Compensation of current officers, directors, key employees. | $110,615 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,017,743 |
| Pension plan accruals and contributions | $83,595 |
| Other employee benefits | $164,807 |
| Payroll taxes | $181,052 |
| 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 | $6,120 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $77,941 |
| Information technology | $53,818 |
| Royalties | $0 |
| Occupancy | $189,791 |
| Travel | $36,899 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $29,594 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $440,282 |
| Insurance | $45,646 |
| All other expenses | $127,189 |
| Total functional expenses | $4,508,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $435,114 |
| Savings and temporary cash investments | $2,767,893 |
| Pledges and grants receivable | $682,615 |
| 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 | $67,330 |
| Net Land, buildings, and equipment | $8,705,413 |
| Investments—publicly traded securities | $1,258,814 |
| Investments—other securities | $951,037 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,868,216 |
| Accounts payable and accrued expenses | $193,833 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,629,809 |
| 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 | $1,823,642 |
| Net assets without donor restrictions | $11,104,851 |
| Net assets with donor restrictions | $1,939,723 |
| 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 | $14,868,216 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that The Neighborhood Academy has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
Janes & Marilyn A Gilmore Foundation Ua Pittsburgh, PA PURPOSE: GENERAL | $6,000 |
Earl Knudsen Charitable Foundation Pittsburgh, PA PURPOSE: SCHOLARSHIP FUND | $5,000 |
Wagner Family Charible Tr Ua 11172000 Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $1,000 |
Arthur R Pasekoff & Doris Pasekoff Charitable Foundation Pittsburgh, PA PURPOSE: COLLEGE PREPARATORY SCHOOL | $1,000 |
Endowment Analysis
| Beg. Balance | $1,065,264 |
| Earnings | -$99,355 |
| Net Contributions | $200,355 |
| Other Expense | $6,490 |
| Ending Balance | $1,159,774 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pathway Inc Toledo, OH | $1,947,954 | $15,676,190 |
Indian Creek School Incorporated Crownsville, MD | $30,010,402 | $16,596,425 |
Ocean Community Economic Action Now Inc Toms River, NJ | $23,267,325 | $17,288,435 |
Leonard And Susan Fuchs Mizrachi School Beachwood, OH | $63,214,368 | $13,451,315 |
Waldorf School Of Garden City Garden City, NY | $13,682,215 | $13,601,476 |
Montessori Association Of New York New York, NY | $10,174,836 | $11,317,799 |
Child Care Resource Center Of Cuyahoga County Cleveland, OH | $5,221,997 | $11,522,146 |
West Side Montessori School New York, NY | $34,513,067 | $10,367,667 |
Kipp Philadelphia Charter School Philadelphia, PA | $30,756,682 | $16,805,323 |
Chester Charter Scholars Academy Chester, PA | $12,106,141 | $12,761,901 |
Brooklyn Heights Montessori School Brooklyn, NY | $20,633,669 | $10,305,146 |
First Start Partnerships For Children And Families Inc Chambersburg, PA | $1,240,944 | $9,208,850 |