Seton Education Partners
- Assets
- $33.5m
- Revenue
- $18.6m
- Investments
- $0.0
- Employees
- 56
- Location
- Cincinnati, OH
- Founding
- 01/2009
- Data as of
- 06/2022
- EIN
- 26-2782492
Organization Overview
Seton Education Partners is located in Cincinnati, OH. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Seton Education Partners employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seton Education Partners 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, Seton Education Partners generated $18.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.6% each year . All expenses for the organization totaled $17.0m during the year ending 06/2022. While expenses have increased by 33.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO LAUNCH AND MANAGE ACADEMICALLY EXCELLENT PUBLIC CHARTER SCHOOLS THAT NURTURE GOOD CHARACTER & PARTNER WITH CATHOLIC SCHOOLS TO IMPROVE ACADEMIC OUTCOMES FOR UNDERSERVED CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRILLANTE ACADEMY - BRILLANTE ACADEMY ('BRILLANTE') IS A 501(C)(3) CHARTER SCHOOL NETWROK SEEKING TO ENSURE CHILDREN IN UNDERSERVED COMMUNITIES HAVE ACCESS TO A HOLISTIC EDUCATION THAT PRODUCES OUTSTANDING ACADEMIC GROWTH, STRONG MORAL CHARACTER, AND VIBRANT COMMUNITIES. USING A CLASSICAL EDUCATION MODEL, BRILLANTE CLASSROOM-BASED BLENDED LEARNING AND TWO-WAY DUAL LANGUAGE IMMERSION ENSURES STUDENTS WILL BE PREPARED ACADEMICALLY. THE ORGANIZATION IS IN THE PROCESS OF DEVELOPING A CONTRACTUAL RELATIONSHIP WITH THE BRILLANTE BOARD DURING ITS START-UP PHASE AND WILL SERVE AS ITS CHARTER MANAGEMENT ORGANIZATION (CMO).
BRILLA CHARTER SCHOOL NETWORK - BRILLA PUBLIC CHARTER SCHOOLS ('BRILLA') IS A 501(C)(3) CHARTER SCHOOL NETWORK INSPIRED BY THE CLASSICAL EDUCATION TRADITION THAT AIMS TO HELP STUDENTS GROW INTELLECTUALLY, SOCIALLY, AND PHYSICALLY INTO YOUNG MEN AND WOMEN OF GOOD CHARACTER AND SPIRIT; TO BE PREPARED FOR EXCELLENCE IN HIGH SCHOOL, COLLEGE, AND BEYOND. THE ORGANIZATION HAS A CONTRACTUAL RELATIONSHIP WITH THE BOARD OF TRUSTEES OF BRILLA TO BE ITS CHARTER MANAGEMENT ORGANIZATION (CMO).
SETON TEACHING FELLOWS - A PROGRAM DESIGNED FOR RECENT COLLEGE GRADUATES WHO HAVE AN INTEREST IN SERVICE, COMMUNITY BUILDING, FAITH AND TEACHING. THE GRADUATES CO-TEACH IN A CLASSROOM AT THE ORGANIZATION'S CHARTER SCHOOLS AND LEAD CLASSES AT EL CAMINO. FELLOWS LIVE IN AN INTENTIONAL FAITH COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Saroki DE Garcia Managing Director | OfficerTrustee | 40 | $236,224 |
Scott Hamilton Board Member | Trustee | 2 | $0 |
Samuel Di Piazza Jr Treasurer | OfficerTrustee | 2 | $0 |
Leo Linbeck III Chairman | OfficerTrustee | 2 | $0 |
Jim Perry Board Member | OfficerTrustee | 2 | $0 |
Carlos DE Quesada Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Civic E 156th St Llc Facility Rent | 6/29/22 | $1,005,605 |
Saint Rita Of Cascia Facility Rent | 6/29/22 | $752,692 |
Valera Facilities Inc Facility Repair And Maintenance | 6/29/22 | $1,561,768 |
Roman Catholic Church Of St Nicholas Of Facility Rent | 6/29/22 | $449,779 |
Safety Building Security Services Security Services | 6/29/22 | $291,830 |
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 | $5,443,811 |
| Noncash contributions included in lines 1a–1f | $2,074,090 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,443,811 |
| Total Program Service Revenue | $4,729,358 |
| Investment income | $4,420 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,203,915 |
| Net Gain/Loss on Asset Sales | -$27,314 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,600,086 |
| 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. | $929,780 |
| Compensation of current officers, directors, key employees. | $34,536 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,391,312 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $787,644 |
| 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 | $2,139,622 |
| Advertising and promotion | $0 |
| Office expenses | $103,669 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,039,834 |
| Travel | $250,985 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $741,047 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $950,467 |
| Insurance | $197,699 |
| All other expenses | $216,634 |
| Total functional expenses | $17,021,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,053,821 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $164,389 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $220,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $816,255 |
| Net Land, buildings, and equipment | $19,476,143 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $743,657 |
| Other assets | $1,034,814 |
| Total assets | $33,509,079 |
| Accounts payable and accrued expenses | $2,580,899 |
| Grants payable | $0 |
| Deferred revenue | $3,439,654 |
| 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 | $16,618,724 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,760,051 |
| Total liabilities | $24,399,328 |
| Net assets without donor restrictions | $8,603,286 |
| Net assets with donor restrictions | $506,465 |
| 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 | $33,509,079 |