East Bay Innovation Academy
- Assets
- $2.6m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 82
- Location
- Oakland, CA
- Founding
- 05/2014
- Data as of
- 06/2022
- EIN
- 46-2428863
Organization Overview
East Bay Innovation Academy is located in Oakland, CA. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, East Bay Innovation Academy employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Bay Innovation 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, East Bay Innovation Academy generated $8.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $7.7m during the year ending 06/2022. While expenses have increased by 14.3% 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
TO MANAGE, OPERATE, GUIDE, DIRECT, AND PROMOTE EAST BAY INNOVATION ACADEMY, A PUBLC CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EAST BAY INNOVATION ACADEMY (EBIA) IS A COLLEGE PREPARATORY CHARTER SCHOOL OFFERING PUBLIC EDUCATION IN OAKLAND. EBIA SERVES STUDENTS THROUGH PERSONALIZED AND PROJECT-BASED LEARNING, AND BY LEVERAGING BEST PRACTICES IN CURRICULUM DESIGN AND TECHNOLOGY. DURING THE YEAR ENDED JUNE 30, 2022, THE SCHOOL SERVED APPROXIMATELY 510 STUDENTS IN GRADES 6-12 OVER 183 DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Cho Executive Director | Officer | 40 | $151,939 |
Christine L Mandilag Teacher | 40 | $120,886 | |
Amanda Okamoto Operations Director | 40 | $109,948 | |
Francesca Fay Teacher | 40 | $108,616 | |
Michelle Fitts Teacher | 40 | $108,235 | |
Hari Vasu Devan Founding Teacher | 40 | $106,711 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,517,499 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,641 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,607,140 |
| Total Program Service Revenue | $41,248 |
| Investment income | $1 |
| 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 | $8,649,182 |
| 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. | $184,002 |
| Compensation of current officers, directors, key employees. | $9,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,368,530 |
| Pension plan accruals and contributions | $532,047 |
| Other employee benefits | $357,061 |
| Payroll taxes | $120,135 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $83,152 |
| Fees for services: Accounting | $18,465 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $510,132 |
| Advertising and promotion | $4,822 |
| Office expenses | $105,587 |
| Information technology | $109,461 |
| Royalties | $0 |
| Occupancy | $661,099 |
| Travel | $11,877 |
| 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 | $79,253 |
| All other expenses | $19,139 |
| Total functional expenses | $7,680,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,357,367 |
| Savings and temporary cash investments | $5,730 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,168,733 |
| 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 | $64,049 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,595,879 |
| Accounts payable and accrued expenses | $338,107 |
| Grants payable | $0 |
| Deferred revenue | $228,170 |
| 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 | $566,277 |
| Net assets without donor restrictions | $2,029,602 |
| 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 | $2,595,879 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that East Bay Innovation Academy has recieved totaling $4,180.
| Awarding Organization | Amount |
|---|---|
Wells Family Foundation Lake Oswego, OR PURPOSE: EXEMPT PURPOSE | $2,500 |
Mcnabb Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $680 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alameda County Tobacco Asset Securitization Corporation Oakland, CA | $19,768,611 | $18,590,063 |
Gold Country Settlement Funding Corp Auburn, CA | $6,031,758 | $3,475,839 |
Inland Empire Tobaccosecuritization Corporation Riverside, CA | $259,604,903 | $12,773,889 |
Mental Health For Children Inc Springfield, OR | $5,065,120 | $7,331,896 |
Changelab Solutions Oakland, CA | $15,746,986 | $13,606,627 |
Spur-San Francisco Bay Are Planning And Urban Research Association San Francisco, CA | $18,179,408 | $7,467,044 |
East Bay Innovation Academy Oakland, CA | $2,595,879 | $8,649,182 |
Equality California Institute Los Angeles, CA | $3,410,779 | $5,992,471 |
Palo Alto Public Improvement Corporation Palo Alto, CA | $158,763,344 | $1,679,598 |
Vermont Village Human Services Corporation Los Angeles, CA | $28,001,792 | $4,364,948 |
Folded Flag Foundation Inc Las Vegas, NV | $11,013,213 | $5,308,956 |
Greater Reno Community Ice Skating Association Reno, NV | $10,174,749 | $2,449,166 |