Executive Education Academy Charter School
- Assets
- $64.9m
- Revenue
- $25.8m
- Investments
- $0.0
- Employees
- 190
- Location
- Allentown, PA
- Founding
- 02/2016
- Data as of
- 06/2023
- EIN
- 46-3958358
Organization Overview
Executive Education Academy Charter School is located in Allentown, PA. The organization was established in 2016. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Executive Education Academy Charter School employed 190 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Executive Education Academy Charter School 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 06/2023, Executive Education Academy Charter School generated $25.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $22.2m during the year ending 06/2023. While expenses have increased by 12.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EXECUTIVE EDUCATION ACADEMY CHARTER SCHOOL'S MISSION IS TO IMPLEMENT A LEADERSHIP ACADEMY AND BUSINESS EDUCATION MODEL THAT ENGAGES STUDENTS IN THE SCHOOL COMMUNITY, PREVENTS THEM FROM DROPPING OUT OF SCHOOL, FOSTERS SELF-RESILIENCY, AND PREPARES THEM TO BE CONTRIBUTING MEMBERS OF SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION TO K-12 STUDENTS. OUR MISSION IS TO INSTILL LEADERSHIP SKILLS AND SELF-RESILIENCY THROUGH A BUSINESS EDUCATION MODEL IN ORDER TO PREPARE STUDENTS TO BE CONTRIBUTING MEMBERS OF SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Becker Treasurer | Trustee | $0 | |
Barry Dobil President | Trustee | $0 | |
Tyrone Reed Trustee | Trustee | $0 | |
Jim Rivera Secretary | Trustee | $0 | |
Dr Betsy Swope Vice Preside | Trustee | $0 | |
Selma Abi-Daher CFO | Officer | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lintons Managed Services Food Services | 6/29/16 | $826,582 |
555 Union Boulevard Lp Building Rent | 6/29/16 | $1,051,612 |
Capital Blue Cross Healthinsurance | 6/29/16 | $727,957 |
Invo Health Care Assoc Therapy Service | 6/29/16 | $179,798 |
Fleetway Capital Equipment Lease | 6/29/16 | $141,065 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,007,177 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,007,177 |
| Total Program Service Revenue | $18,331,602 |
| Investment income | $20,738 |
| 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 | $25,762,029 |
| 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 | $10,529,964 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,180,836 |
| Payroll taxes | $830,709 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $68,270 |
| Fees for services: Accounting | $21,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,597,853 |
| Advertising and promotion | $20,437 |
| Office expenses | $113,819 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $939,303 |
| Travel | $76,961 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,641,999 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $114,100 |
| All other expenses | $32,158 |
| Total functional expenses | $22,220,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,865,645 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $45,481 |
| Accounts receivable, net | $4,434,161 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,228 |
| Prepaid expenses and deferred charges | $6,690 |
| Net Land, buildings, and equipment | $2,378,789 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $52,393,164 |
| Other assets | $754,161 |
| Total assets | $64,932,319 |
| Accounts payable and accrued expenses | $1,747,554 |
| Grants payable | $0 |
| Deferred revenue | $865,025 |
| 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 | $54,188,279 |
| Total liabilities | $56,800,858 |
| Net assets without donor restrictions | $8,131,461 |
| 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 | $64,932,319 |