Executive Education Academy Charter School
- Assets
- $63.6m
- Revenue
- $23.2m
- Investments
- $0.0
- Employees
- 217
- Location
- Allentown, PA
- Founding
- 02/2016
- Data as of
- 06/2022
- 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 06/2022, Executive Education Academy Charter School employed 217 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 06/2022, Executive Education Academy Charter School generated $23.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $19.9m during the year ending 06/2022. While expenses have increased by 12.3% 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
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 |
|---|---|---|---|
Selma Abi-Daher CFO | Officer | $0 | |
Stephen Flavell COO | Officer | $0 | |
Robert Lysek CEO | Officer | $0 | |
Tiffany O'brien Cao | Officer | $0 | |
Tracy Becker Treasurer | Trustee | $0 | |
Barry Dobil President | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
555 Union Boulevard Lp Building Rent | 6/29/16 | $1,051,612 |
Invo Health Care Assoc Therapy Service | 6/29/16 | $179,798 |
Capital Blue Cross Healthinsurance | 6/29/16 | $727,957 |
Fleetway Capital Equipment Lease | 6/29/16 | $141,065 |
Lintons Managed Services Food Services | 6/29/16 | $826,582 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,244,478 |
| 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 | $5,244,478 |
| Total Program Service Revenue | $17,825,979 |
| Investment income | $10,497 |
| 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 | $23,169,797 |
| 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 | $9,620,967 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,419,254 |
| Payroll taxes | $741,897 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,805 |
| Fees for services: Accounting | $11,780 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,240,933 |
| Advertising and promotion | $35,926 |
| Office expenses | $111,185 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $751,795 |
| Travel | $76,624 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,457,267 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $127,168 |
| All other expenses | $108,699 |
| Total functional expenses | $19,940,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,961,843 |
| Savings and temporary cash investments | $79,161 |
| Pledges and grants receivable | $89,205 |
| Accounts receivable, net | $3,355,145 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,031 |
| Prepaid expenses and deferred charges | $353,438 |
| Net Land, buildings, and equipment | $739,628 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $54,293,625 |
| Other assets | $675,000 |
| Total assets | $63,584,076 |
| Accounts payable and accrued expenses | $1,874,373 |
| Grants payable | $0 |
| Deferred revenue | $20,205 |
| 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 | $55,119,870 |
| Total liabilities | $57,014,448 |
| Net assets without donor restrictions | $6,569,628 |
| 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 | $63,584,076 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rye Country Day School Rye, NY | $168,719,071 | $53,917,933 |
Pennsylvania Leadership Charter Schools West Chester, PA | $90,879,263 | $65,797,836 |
Hawken School Gates Mills, OH | $144,772,582 | $45,602,433 |
The Public School Of Germantown Fort Washington, PA | $151,608,543 | $52,601,237 |
Peddie School Hightstown, NJ | $613,419,387 | $58,126,453 |
William Penn Charter School Inc Philadelphia, PA | $232,730,859 | $59,443,641 |
Trevor Day School New York, NY | $179,718,336 | $48,695,331 |
International College-Beirut Lebanon New York, NY | $209,567,353 | $51,574,911 |
Montclair Kimberly Academy Foundation Montclair, NJ | $86,504,754 | $51,589,426 |
Bullis School Inc Potomac, MD | $98,208,716 | $48,486,298 |
Princeton Day School Inc Princeton, NJ | $166,237,830 | $58,529,058 |
Nightingale-Bamford School New York, NY | $159,201,980 | $40,384,072 |