Athena Academy Inc
- Assets
- $2.4m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 22
- Location
- Palo Alto, CA
- Founding
- 07/2014
- Data as of
- 06/2022
- EIN
- 45-2885305
Organization Overview
Athena Academy Inc is located in Palo Alto, CA. The organization was established in 2014. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Athena Academy Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Athena 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 06/2022, Athena Academy Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. While expenses have increased by 3.4% 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
A SCHOOL FOR BRIGHT DYSLEXIC CHILDREN GRADES 1 - 8. THE ORGANIZATION IS DEDICATED TO DEVELOPING AND PROVIDING THE MOST EFFECTIVE METHODS AVAILABLE TO TEACH THESE CHILDREN USING CURRENT SCIENTIFIC AND EDUCATIONAL RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATHENA ACADEMY IS A NONPROFIT PUBLIC BENEFIT CORPORATION AND IS NOT ORGANIZED FOR THE PRIVATE GAIN OF ANY PERSON. THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO PRIVATE SCHOOL FOR TEACHING DYSLEXIC STUDENTS, USING PROVEN TECHNIQUES NOT FOUND IN OTHER SCHOOLS TODAY. ACHIEVED FULL ACCREDITATION FROM THE ACCREDITING COMMISSION FOR SCHOOLS, WESTERN ASSOCIATION OF SCHOOLS & COLLEGES (ACS-WASC) THROUGH JUNE 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanne L Mutch Director Of Ops. | 40 | $153,713 | |
Anne M Boswell Director Of Admis. | 32 | $141,721 | |
Donna Mburi Head Of School | Officer | 45 | $80,000 |
Carla Rayacich Founder | OfficerTrustee | 1 | $0 |
David Pritchard Board President | OfficerTrustee | 2 | $0 |
Matthew Duncan Secretary | OfficerTrustee | 1 | $0 |
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 | $153,534 |
| Noncash contributions included in lines 1a–1f | $2,180 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,534 |
| Total Program Service Revenue | $2,627,724 |
| Investment income | $0 |
| 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 | $2,784,269 |
| 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. | $233,714 |
| Compensation of current officers, directors, key employees. | $17,857 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,318,911 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $133,157 |
| Payroll taxes | $123,374 |
| 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 | $215,942 |
| Advertising and promotion | $4,030 |
| Office expenses | $17,025 |
| Information technology | $8,233 |
| Royalties | $0 |
| Occupancy | $219,208 |
| Travel | $8,897 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,202 |
| Interest | $6,150 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,640 |
| Insurance | $18,116 |
| All other expenses | $40,679 |
| Total functional expenses | $2,526,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,910,033 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,200 |
| 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 | $18,539 |
| Net Land, buildings, and equipment | $209,340 |
| Investments—publicly traded securities | $250,563 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,000 |
| Total assets | $2,412,675 |
| Accounts payable and accrued expenses | $19,572 |
| Grants payable | $0 |
| Deferred revenue | $1,130,272 |
| 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 | $46,020 |
| Total liabilities | $1,195,864 |
| Net assets without donor restrictions | $985,422 |
| Net assets with donor restrictions | $231,389 |
| 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 | $2,412,675 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Athena Academy Inc has recieved totaling $48,372.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $37,394 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $10,000 |
C M Capital Foundation Palo Alto, CA PURPOSE: GENERAL SUPPORT | $550 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $428 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
College Preparatory School Oakland, CA | $86,770,968 | $29,982,508 |
De Toledo High School West Hills, CA | $54,114,350 | $20,796,544 |
Los Angeles Leadership Academy Los Angeles, CA | $13,675,392 | $17,033,455 |
Dunn School Los Olivos, CA | $25,503,734 | $14,255,892 |
Maranatha High School Pasadena, CA | $37,804,147 | $15,687,230 |
Seabury Hall Makawao, HI | $71,634,434 | $12,939,706 |
Audeo Charter School San Diego, CA | $17,592,431 | $17,679,970 |
Cristo Rey San Jose High School San Jose, CA | $35,861,424 | $12,346,734 |
Monte Vista Christian School Inc Watsonville, CA | $36,645,188 | $14,491,760 |
Vistamar School El Segundo, CA | $31,527,433 | $13,947,255 |
Pathways In Education Illinois Pasadena, CA | $13,522,189 | $14,647,243 |
Africa New Life Ministries International Portland, OR | $6,351,157 | $13,013,845 |