Ysc Academy
- Assets
- $2.4m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 16
- Location
- Wayne, PA
- Founding
- 01/2014
- Data as of
- 06/2022
- EIN
- 46-1609325
Organization Overview
Ysc Academy is located in Wayne, PA. 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, Ysc Academy employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ysc 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 06/2022, Ysc Academy generated $5.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $4.1m during the year ending 06/2022. While expenses have increased by 2.8% 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
YSC ACADEMY IS LICENSED AS A PRIVATE ACADEMIC SCHOOL FOR GRADES 7-12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YSC ACADEMY IS AN INDEPENDENT COLLEGE PREPARATORY PROGRAM FOR GRADES 7 THROUGH 12 LOCATED IN WAYNE, PENNSYLVANIA. THE ACADEMY COMBINES WORLD-CLASS SOCCER TRAINING WITH A RIGOUROUS COLLEGE PREPARATORY CURRICULUM THAT PROVIDES PASSIONATE YOUTH SOCCER PLAYERS THE OPPORTUNITY TO PURSUE BOTH ACADEMIC AND ATHLETIC EXCELLENCE. THE ACADEMY IS A MEMBER OF THE ASSOCIATION OF DELAWARE VALLEY INDEPENDENT SCHOOLS AND A MEMBER OF THE PENNSYLVANIA ASSOCIATION OF INDEPENDENT SCHOOLS. THE ACADEMY RECEIVED $143,046 IN DONATED SERVICES AND USE OF FACILITIES DURING THE FISCAL YEAR AS PART OF THIS PROGRAM FROM AN AFFILIATED ENTITY.
THE ACADEMY HAS IMPLEMENTED A COLLEGE EDUCATION PROGRAM DESIGNED TO PROVIDE PROFESSIONAL ATHLETES A MEANINGFUL OPPORTUNITY TO PURSUE A COLLEGIATE DEGREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Rudy Board Of Directors | Trustee | 0.5 | $0 |
Richard Graham Board Of Directors | OfficerTrustee | 8 | $0 |
Derek Spence Board Of Directors, Secret | OfficerTrustee | 0.5 | $0 |
Michael Curry Board Of Directors | Trustee | 0.5 | $0 |
George Roe Board Of Directors | Trustee | 0.5 | $0 |
John Stoviak Board Of Directors | Trustee | 0.5 | $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 | $2,503,898 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,503,898 |
| Total Program Service Revenue | $2,947,500 |
| 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 | $5,451,398 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,889,300 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $468,556 |
| Compensation of current officers, directors, key employees. | $42,440 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $783,767 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $69,490 |
| Payroll taxes | $86,779 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $71,581 |
| Fees for services: Accounting | $60,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $39,455 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $242,644 |
| Travel | $27,410 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $700 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,354 |
| Insurance | $35,751 |
| All other expenses | $21,724 |
| Total functional expenses | $4,135,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,934,784 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $41,578 |
| Accounts receivable, net | $87,467 |
| 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 | $13,956 |
| Net Land, buildings, and equipment | $301,530 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,019 |
| Total assets | $2,396,334 |
| Accounts payable and accrued expenses | $140,884 |
| 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 | $83,229 |
| Total liabilities | $224,113 |
| Net assets without donor restrictions | $1,858,417 |
| Net assets with donor restrictions | $313,804 |
| 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 | $2,396,334 |