Discovery Academy
- Assets
- $3.7m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Okemos, MI
- Founding
- 12/2014
- Data as of
- 06/2021
- EIN
- 46-2659970
Organization Overview
Discovery Academy is located in Okemos, MI. The organization was established in 2014. According to its NTEE Classification (B28) the organization is classified as: Special Education, 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. Discovery 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 06/2021, Discovery Academy generated $5.2m 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 $5.3m during the year ending 06/2021. While expenses have increased by 13.0% 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
TRANSFORM THE LEARNING PROCESS WITH TECHNOLOGY-INFUSED PROJECTS BENEFICIAL TO THE COMMUNITY, WHILE PROMOTING COLLABORATION, GLOBAL AWARENESS, AND HIGH STUDENT ACHIEVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION TO 355 AT-RISK STUDENTS IN TOLEDO, OHIO AND VICINITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Flynn President | OfficerTrustee | 2 | $0 |
James Pilewski Treasurer | OfficerTrustee | 2 | $0 |
Shawanna Lavoy Secretary | OfficerTrustee | 2 | $0 |
Debra Lagger Vice President | OfficerTrustee | 2 | $0 |
Carol Basinger Member | Trustee | 2 | $0 |
Arlene Sandiford Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Leona Group Management Services/other Expenses | 6/29/21 | $616,817 |
The Leona Ohio Employment Group Staffing Services | 6/29/21 | $2,507,230 |
Trinity Transportation Transportation | 6/29/21 | $221,176 |
Extra Virgin Food Services Food Service | 6/29/21 | $186,626 |
Beverly Property Holdings Building Rent | 6/29/21 | $198,444 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,105,519 |
| All other contributions, gifts, grants, and similar amounts not included above | $479 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,105,998 |
| 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 | $5,232,624 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $616,817 |
| Fees for services: Legal | $577 |
| 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 | $3,710,567 |
| Advertising and promotion | $8,004 |
| Office expenses | $172,282 |
| Information technology | $32,171 |
| Royalties | $0 |
| Occupancy | $386,816 |
| Travel | $224,376 |
| 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 | $72,218 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,261,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,713,147 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $372,333 |
| 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 | $157,371 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,465,076 |
| Total assets | $3,707,927 |
| Accounts payable and accrued expenses | $401,763 |
| Grants payable | $0 |
| Deferred revenue | $727,251 |
| 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 | $4,186,899 |
| Total liabilities | $5,315,913 |
| Net assets without donor restrictions | -$1,607,986 |
| 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 | $3,707,927 |
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Lawrence School Broadview Heights, OH | $26,810,351 | $14,941,230 |
Chileda Institute Inc La Crosse, WI | $16,643,719 | $12,257,585 |
Marburn Academy Inc New Albany, OH | $15,756,031 | $10,606,006 |
United Disability Services Inc Akron, OH | $14,431,720 | $8,204,712 |
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Emerson School Inc Ann Arbor, MI | $12,947,706 | $9,936,542 |
Springer School & Center Cincinnati, OH | $14,160,630 | $8,045,731 |
Shepherds Baptist Ministries Inc Union Grove, WI | $10,932,314 | $7,438,958 |
W A Y Widening Advancements For Youth Belleville, MI | $282,521 | $6,799,308 |
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