City Academy Inc
- Assets
- $77.9m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 11/1998
- Data as of
- 06/2021
- EIN
- 31-1619379
Organization Overview
City Academy Inc is located in St Louis, MO. The organization was established in 1998. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City Academy 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, City Academy Inc generated $6.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $6.8m during the year ending 06/2021. While expenses have increased by 10.6% 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
CITY ACADEMY TRANSFORMS CHILDREN, FAMILIES, AND OUR COMMUNITY THROUGH EXCEPTIONAL EDUCATION AND BOLD EXPECTATIONS THAT EMPOWER CHILDREN TO OVERCOME BARRIERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OCITY ACADEMY WAS FOUNDED ON THE BELIEF THAT FAMILY INCOME SHOULDNOT DETERMINE A CHILD'S ACCESS TO AN EXCEPTIONAL EDUCATION. THESCHOOL SERVES COMMITTED FAMILIES WHOSE EDUCATIONAL OPPORTUNITIESARE LIMITED DUE TO ECONOMIC OR GEOGRAPHIC FACTORS. CITY ACADEMYPROVIDES EDUCATIONAL PROGRAMMING TO CHILDREN AGES THREE THROUGHGRADE SIX, AND HAS AN ENROLLMENT OF 205 STUDENTS FOR THE 2020-2021SCHOOL YEAR. FAMILIES COME FROM 40 ZIP CODES, AND 90% LIVE IN COMMUNITIES WITH UNDERPERFORMING SCHOOLS. THE SCHOOL IS THE ONLY PRIVATE, INDEPENDENT ELEMENTARY SCHOOL IN ST. LOUIS OFFERING SCHOLARSHIP SUPPORT TO 100% OF ITS STUDENTS. CITY ACADEMY FOSTERS A CULTURE OF INTEGRITY, CITIZENSHIP, AND ACADEMIC RIGOR. SMALL CLASSES AND DEDICATED FACULTY PREPARE STUDENTS FOR SECONDARY SCHOOL SUCCESS. GRADUATES CURRENTLY ATTEND CHAMINADE, CROSSROADS, INCARNATE WORD, JOHN BURROUGHS, MICDS, PRIORY, THOMAS JEFFERSON, VILLA, WESTMINSTER,AND WHITFIELD SCHOOL. (THE SCHOOL DOES NOT RECOGNIZE "GRANTEXPENSE" FOR THE FINANCIAL AID PROVIDED. PLEASE REFER TO SCHEDULEI SUPPLEMENTAL INFORMATION SECTION "ACCOUNTING POLICY FOR TUITION AID" FOR FURTHER INFORMATION.)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nikki Doughty Head Of School | Officer | 45 | $118,450 |
Brian Gross CFO | Officer | 45 | $107,500 |
Steffani Lautenschlager Chief Development Officer | Officer | 45 | $107,280 |
Don Danforth III President | OfficerTrustee | 45 | $102,876 |
Akberet Boykin Farr At-Large Member | OfficerTrustee | 1 | $0 |
John Riffle At-Large Member | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
St Louis Roofing Co Inc Maintenance - Roofing | 6/29/20 | $263,556 |
Hanenkamp Electric Company Electrical | 6/29/20 | $173,335 |
Spotless Building Services Janitorial | 6/29/20 | $126,944 |
St Louis Roofing Co Inc Maintenance - Roofing | 6/29/20 | $263,556 |
Hanenkamp Electric Company Electrical | 6/29/20 | $173,335 |
Martin Bros Food Service | 6/29/20 | $106,179 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $28,488 |
| Related organizations | $0 |
| Government grants | $969,038 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,542,447 |
| Noncash contributions included in lines 1a–1f | $116,444 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,539,973 |
| Total Program Service Revenue | $904,689 |
| Investment income | $1,130,104 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $129,839 |
| Net Income from Fundraising Events | -$1,599 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,703,364 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,866 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $509,177 |
| Compensation of current officers, directors, key employees. | $254,776 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,223,198 |
| Pension plan accruals and contributions | $75,502 |
| Other employee benefits | $330,511 |
| Payroll taxes | $268,613 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,011 |
| Fees for services: Accounting | $19,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,536 |
| Fees for services: Other | $553,370 |
| Advertising and promotion | $9,024 |
| Office expenses | $26,984 |
| Information technology | $97,375 |
| Royalties | $0 |
| Occupancy | $139,294 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,774 |
| Interest | $31,457 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $765,717 |
| Insurance | $84,570 |
| All other expenses | $31,732 |
| Total functional expenses | $6,848,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,366,369 |
| Savings and temporary cash investments | $2,689,563 |
| Pledges and grants receivable | $1,089,629 |
| Accounts receivable, net | $94,443 |
| 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 | $79,838 |
| Net Land, buildings, and equipment | $15,213,996 |
| Investments—publicly traded securities | $56,447,070 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $874,025 |
| Total assets | $77,854,933 |
| Accounts payable and accrued expenses | $41,431 |
| Grants payable | $0 |
| Deferred revenue | $14,891 |
| 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 | $539,877 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $587,500 |
| Total liabilities | $1,183,699 |
| Net assets without donor restrictions | $32,113,126 |
| Net assets with donor restrictions | $44,558,108 |
| 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 | $77,854,933 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that City Academy Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Loeb Family Foundation Inc Winnetka, IL PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |
Endowment Analysis
| Beg. Balance | $45,030,225 |
| Earnings | $11,602,634 |
| Net Contributions | $1,274,727 |
| Other Expense | $1,933,723 |
| Ending Balance | $55,973,863 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bernard Zell Anshe Emet Day School Chicago, IL | $69,026,609 | $20,320,544 |
Republic Schools Nashville Nashville, TN | $31,048,580 | $24,002,902 |
Christian Academy Of Knoxville Inc Knoxville, TN | $16,374,308 | $19,411,697 |
Cornerstone Academy Inc Morristown, TN | $83,376,022 | $25,507,605 |
Summit Christian Academy Lees Summit, MO | $26,556,183 | $15,642,141 |
Near North Montessori School Chicago, IL | $38,573,944 | $16,517,378 |
Oak Hill School Nashville, TN | $26,162,856 | $13,591,282 |
Presbyterian Day School Memphis, TN | $26,424,631 | $10,651,636 |
Harding Academy Nashville, TN | $37,040,794 | $14,183,780 |
Bsds Inc Kansas City, MO | $14,798,906 | $10,020,061 |
Community School Association Saint Louis, MO | $35,306,826 | $7,869,470 |
Morgan Park Academy Chicago, IL | $7,353,923 | $9,629,614 |