Steel City Academy Inc
- Assets
- $1.9m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 86
- Location
- Gary, IN
- Founding
- 05/2015
- Data as of
- 06/2020
- EIN
- 47-3180593
Organization Overview
Steel City Academy Inc, operating under the name Steel City Academy, is located in Gary, IN. The organization was established in 2015. 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 06/2020, Steel City Academy employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steel City 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 06/2020, Steel City Academy generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 28.6% each year . All expenses for the organization totaled $5.6m during the year ending 06/2020. While expenses have increased by 24.3% per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
STEEL CITY ACADEMY WILL EMPOWER THE STUDENTS OF GARY WITH THE MOST RIGOROUS ACADEMIC SKILLS, CULTURAL FLUENCY AND DEPTH OF CHARACTER SO THEY CAN CHOOSE FROM BOUNDLESS OPPORTUNITIES AND STRENGTHEN THE COMMUNITY OF GARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS ORGANIZATION IS A PUBLIC CHARTER SCHOOL PROVIDING EDUCATION TO THOSE SEEKING AN ALTERNATIVE TO THE TRADITIONAL PUBLIC SCHOOL SYSTEM. THE ORGANIZATION PROVIDES PRIMARY EDUCATION TO STUDENTS WITHIN THE GARY, INDIANA COMMUNITY. DURING THE 2019-2020 SCHOOL YEAR, THE SCHOOL SERVED APPROXIMATELY 475 STUDENTS IN KINDERGARTEN THROUGH SECOND AND SEVENTH THROUGH TWELFTH GRADES.
THIS ORGANIZATION IS A PUBLIC CHARTER SCHOOL PROVIDING EDUCATION TO THOSE SEEKING AN ALTERNATIVE TO THE TRADITIONAL PUBLIC SCHOOL SYSTEM. THE ORGANIZATION PROVIDES PRIMARY EDUCATION TO STUDENTS WITHIN THE GARY, INDIANA COMMUNITY. DURING THE 2019-2020 SCHOOL YEAR, THE SCHOOL SERVED APPROXIMATELY 475 STUDENTS IN KINDERGARTEN THROUGH SECOND AND SEVENTH THROUGH TWELFTH GRADES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Kirley Executive Director | Officer | 40 | $115,692 |
Shanta M Mack Director Of Finance | Officer | 40 | $68,172 |
Catherine Burns Board Chair | OfficerTrustee | 4 | $0 |
Chanthini Trambles Secretary | OfficerTrustee | 2 | $0 |
Walter Landrum Treasurer | OfficerTrustee | 2 | $0 |
Katherine Pohlkamp Member | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Illinois Central School Bus Llc Student Transportation | 6/29/20 | $502,886 |
Illinois Central School Bus Llc Student Transportation | 6/29/20 | $502,886 |
Just A Dash Llc Food Catering Service | 6/29/20 | $198,474 |
Just A Dash Llc Food Catering Service | 6/29/20 | $198,474 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,964,133 |
| 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 | $5,971,704 |
| Statement of Expenses | |
|---|---|
| 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. | $240,333 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,281,786 |
| Pension plan accruals and contributions | $56,272 |
| Other employee benefits | $572,510 |
| Payroll taxes | $94,418 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,434 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,242 |
| Advertising and promotion | $0 |
| Office expenses | $100,896 |
| Information technology | $115,710 |
| Royalties | $0 |
| Occupancy | $125,570 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $44,838 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,261 |
| Insurance | $31,929 |
| All other expenses | $0 |
| Total functional expenses | $5,600,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,364 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $131,378 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,897,471 |
| Accounts payable and accrued expenses | $598,207 |
| 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 | $1,406,436 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,004,643 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$107,172 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Steel City Academy Inc has recieved totaling $6,573.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $6,538 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $35 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wheaton Academy West Chicago, IL | $41,216,883 | $18,989,425 |
Lexington School Inc Lexington, KY | $82,981,335 | $20,273,926 |
Westminster Christian Academy Association Town Country, MO | $72,930,151 | $20,133,441 |
Barstow School Kansas City, MO | $36,041,263 | $20,616,227 |
St Johns Northwestern Military Academy Inc Delafield, WI | $17,393,633 | $8,781,742 |
Trinity Schools Inc South Bend, IN | $7,029,834 | $13,749,929 |
Conserve School Corporation Land O Lakes, WI | $44,507,562 | $11,154,750 |
North Lawndale College Preparatory Charter High School Chicago, IL | $2,962,197 | $11,158,791 |
Whitfield School Inc Saint Louis, MO | $28,107,434 | $12,277,432 |
National Federation Of State High School Associations Indianapolis, IN | $27,763,480 | $13,615,729 |
Chicago High School For The Arts Chicago, IL | $2,941,878 | $11,358,918 |
Illinois High School Association Bloomington, IL | $9,005,242 | $12,463,504 |