Steam Academy Of Cleveland
- Assets
- $1.1m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Warrensville Heights, OH
- Founding
- 07/2014
- Data as of
- 06/2021
- EIN
- 45-4607114
Organization Overview
Steam Academy Of Cleveland is located in Warrensville Heights, OH. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Steam Academy Of Cleveland 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, Steam Academy Of Cleveland generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $2.6m during the year ending 06/2021. While expenses have increased by 8.4% 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
TO PROVIDE OPPORTUNITIES FOR EDUCATIONAL CHOICE TO STUDENTS AND FAMILIES OF THIS COMMUNITY. THE ORGANIZATION IS PRIMARILY ENGAGED IN PROVIDING INSTRUCTIONAL SERVICES TO ENROLLED STUDENTS IN GRADES K-8.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL SERVICES FOR CHILDREN IN GRADES K-8 FOR THE 2020-2021 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darlene Thaxton Board President | Trustee | 2 | $1,500 |
Larry Miller Board Member | Trustee | 1 | $1,500 |
Christopher Delk Board Member | Trustee | 1 | $1,500 |
Doxie Jelks Board Member | Trustee | 1 | $1,500 |
Michelle Rudolph Board Member | Trustee | 1 | $1,500 |
Edwina Agee Board Member | Trustee | 1 | $1,375 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Weston Rent And Cam | 6/29/21 | $244,879 |
Accel Schools Llc Management Services | 6/29/21 | $624,631 |
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 | $2,730,944 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,730,944 |
| Total Program Service Revenue | $0 |
| 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 | $2,730,944 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $728,071 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $402,257 |
| Payroll taxes | $0 |
| Fees for services: Management | $300,850 |
| Fees for services: Legal | $38,314 |
| Fees for services: Accounting | $8,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $380,552 |
| Advertising and promotion | $51,719 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $354,025 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,970 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,018 |
| Insurance | $19,407 |
| All other expenses | $35,529 |
| Total functional expenses | $2,591,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,643 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $403,997 |
| 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 | $65,056 |
| Net Land, buildings, and equipment | $62,203 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $516,592 |
| Total assets | $1,108,491 |
| Accounts payable and accrued expenses | $716,240 |
| 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 | $150,000 |
| Other liabilities | $2,115,141 |
| Total liabilities | $2,981,381 |
| Net assets without donor restrictions | -$1,872,890 |
| 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 | $1,108,491 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Steam Academy Of Cleveland has recieved totaling $33,653.
| Awarding Organization | Amount |
|---|---|
Ohio Council Of Community Schools Toledo, OH PURPOSE: PERFORMANCE, INNOVATION AND IMPROVEMENT | $33,653 |
Peer Organizations
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|---|---|---|
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Accelerate Great Schools Cincinnati, OH | $48,959,993 | $4,700,984 |
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Chippewa Luce Macinac Comm Action Human Resource Auth Inc Sault Ste Marie, MI | $6,136,968 | $10,393,284 |
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