Hammond Urban Academy Inc
- Assets
- $17.0m
- Revenue
- $8.1m
- Investments
- $960.0k
- Employees
- 100
- Location
- Hammond, IN
- Founding
- 07/2009
- Data as of
- 06/2023
- EIN
- 26-1767598
Organization Overview
Hammond Urban Academy Inc, operating under the name Hammond Academy of Science & Technology, is located in Hammond, IN. The organization was established in 2009. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Hammond Academy of Science & Technology employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hammond Academy of Science & Technology 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 06/2023, Hammond Academy of Science & Technology generated $8.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $7.1m during the year ending 06/2023. While expenses have increased by 4.3% 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
THE MISSION OF THE SCHOOL IS TO PROVIDE THE HIGHEST QUALITY LEVEL OF EDUCATION TO STUDENTS BY IMPLEMENTING STATE OF THE ART TECHNOLOGY AND RESEARCH-BASED INSTRUCTION IN AN ENVIRONMENT THAT IS CONDUCIVE TO LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES EDUCATIONAL INSTRUCTION TO APPROXIMATELY 580 STUDENTS IN GRADES SIX THROUGH TWELVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Egan Principal | Officer | 40 | $144,842 |
Deborah Czmiel Business Manager | Officer | 40 | $63,702 |
Kris Sakelaris President | OfficerTrustee | 0 | $0 |
Owana Miller Secretary | OfficerTrustee | 0 | $0 |
Heather Garay Treasurer (jul-Dec) | OfficerTrustee | 0 | $0 |
Megan Flores Moore Treasurer (jan-Jun) | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,129,311 |
| All other contributions, gifts, grants, and similar amounts not included above | $658,559 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,787,870 |
| Total Program Service Revenue | $258,772 |
| Investment income | $14,194 |
| 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 | $8,149,775 |
| 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. | $274,157 |
| Compensation of current officers, directors, key employees. | $47,868 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,792,337 |
| Pension plan accruals and contributions | $239,759 |
| Other employee benefits | $352,443 |
| Payroll taxes | $223,593 |
| Fees for services: Management | $119,646 |
| Fees for services: Legal | $7,525 |
| Fees for services: Accounting | $108,191 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $121,229 |
| Advertising and promotion | $585 |
| Office expenses | $304,682 |
| Information technology | $582,764 |
| Royalties | $0 |
| Occupancy | $310,730 |
| Travel | $6,743 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $498,941 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $828,262 |
| Insurance | $40,445 |
| All other expenses | $19,000 |
| Total functional expenses | $7,144,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $949,290 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $281,992 |
| Accounts receivable, net | $58,165 |
| 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 | $168,682 |
| Net Land, buildings, and equipment | $14,543,457 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $960,038 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,961,624 |
| Accounts payable and accrued expenses | $155,200 |
| Grants payable | $0 |
| Deferred revenue | $50,584 |
| Tax-exempt bond liabilities | $7,840,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,008,433 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $641,116 |
| Total liabilities | $9,695,333 |
| Net assets without donor restrictions | $7,266,291 |
| 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 | $16,961,624 |