Noorthoek Academy
- Assets
- $622.1k
- Revenue
- $134.3k
- Investments
- $501.4k
- Employees
- 5
- Location
- Grand Rapids, MI
- Founding
- 04/1989
- Data as of
- 06/2023
- EIN
- 38-2848509
Organization Overview
Noorthoek Academy is located in Grand Rapids, MI. The organization was established in 1989. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2023, Noorthoek Academy employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Noorthoek 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 06/2023, Noorthoek Academy generated $134.3k 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 $137.4k during the year ending 06/2023. While expenses have increased by 8.4% 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
FOUNDED IN PARTNERSHIP WITH GRAND RAPIDS COMMUNITY COLLEGE, NOORTHOEK ACADEMY IS DEDICATED TO PROVIDING A CONTINUING EDUCATION PROGRAM IN THE ARTS AND SCIENCES FOR STUDENTS WITH LEARNING CHALLENGES WHO WANT TO PURSUE THEIR EDUCATION IN A COLLEGE SETTING AFTER HIGH SCHOOL. THE GRAND RAPIDS COMMUNITY COLLEGE ALLOWS NOORTHOEK TO USE ITS CLASSROOMS, BIOLOGY LAB, GREEN ROOF, AND LIBRARY WITHOUT CHARGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOORTHOEK ACADEMY OFFERS A POST-SECONDARY SCHOOL CONTINUING EDUCATION PROGRAM IN THE ARTS AND SCIENCES FOR STUDENTS WITH LEARNING CHALLENGES.FAIR MARKET VALUE OF GOVERNMENTAL IN-KIND FACILITIES RECIEVED DURING THE YEAR AND NOT INCLUDED ABOVE WAS $180,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Zimdar President | OfficerTrustee | 1 | $0 |
Christine Marcy Treasurer | OfficerTrustee | 1 | $0 |
Luthene Chappell Secretary | OfficerTrustee | 1 | $0 |
Tina Hoxie Vice President | OfficerTrustee | 1 | $0 |
Jeffrey Frank Board Member | Trustee | 1 | $0 |
Cyril Moore Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $39,832 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,666 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,498 |
| Total Program Service Revenue | $38,625 |
| Investment income | $11 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$875 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $134,259 |
| 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. | $103,533 |
| Compensation of current officers, directors, key employees. | $51,766 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,854 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,015 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,225 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,836 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,534 |
| Advertising and promotion | $0 |
| Office expenses | $2,991 |
| Information technology | $626 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $150 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,883 |
| All other expenses | $0 |
| Total functional expenses | $137,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,725 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $501,359 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $622,084 |
| Accounts payable and accrued expenses | $314 |
| 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 | $0 |
| Total liabilities | $314 |
| Net assets without donor restrictions | $120,411 |
| Net assets with donor restrictions | $501,359 |
| 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 | $622,084 |