Academics Arts And Action Charter Academies
- Assets
- $11.7m
- Revenue
- $14.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Newport Beach, CA
- Founding
- 03/2017
- Data as of
- 06/2017
- EIN
- 47-5353078
Organization Overview
Academics Arts And Action Charter Academies is located in Newport Beach, CA. The organization was established in 2017. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 06/2017, Academics Arts And Action Charter Academies employed 3 individuals. Academics Arts And Action Charter Academies 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 06/2017, Academics Arts And Action Charter Academies generated $14.2m in total revenue. All expenses for the organization totaled $3.6m during the year ending 06/2017. While expenses have increased by 51.5% per year over the past 3 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
ACADEMICS, ARTS AND ACTION CHARTER ACADEMIES (A3) MISSION IS TO HELP PUBLIC CHARTER SCHOOLS (GRADES K-12) AND PRIVATE SCHOOLS (GRADES K-12), EXCEL BY PROVIDING SUPPORT AND CONSULTATION THAT WILL ALLOW ADMINISTRATORS AND TEACHERS TO FOCUS ON ACADEMICS AND TO ALLOW BOARDS AND SCHOOL LEADERS TO SUSTAIN SUCCESSFUL SCHOOLS. WE PROVIDE CONSULTING FOR PUBLIC CHARTER SCHOOLS AND PRIVATE SCHOOLS IN EVERY STAGE OF OPERATION FROM SCHOOL START-UP TO CURRICULUM IMPLEMENTATION. TO EXECUTE THIS MISSION, A3 IS COMMITTED TO PROVIDING HIGH-QUALITY EDUCATIONAL SERVICES TO EACH AND EVERY SCHOOL THEY WORK WITH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A LIST OF A3S CURRENT EDUCATIONAL SERVICES INCLUDE, BUT ARE NOT LIMITED TO THE FOLLOWING:IMPLEMENT THE APPROPRIATE CURRICULUM FOR EACH SCHOOLFACILITATE TEACHER/ADMIN INSTRUCTIONAL SERVICES AND OUTREACHFACILITATE TEACHER/ADMIN EDUCATIONAL SEMINARS AND CONFERENCESFACILITATE BOARD TRAINING AND ANNUAL RETREATSPREPARE AND ORGANIZE ANNUAL REPORTING, RENEWALS AND REVISIONS FOR PUBLIC CHARTER SCHOOLS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Mcmanus Chairman | Trustee | 40 | $375,000 |
Jason Schrock President | Trustee | 40 | $255,234 |
Mark Veldhuizen Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foundation Learning Llc Eductional Services | 6/29/17 | $1,400,000 |
Dalkeith Consulting Educational Services | 6/29/17 | $550,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $923 |
| 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 | $14,205,716 |
| 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. | $855,796 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,667 |
| Pension plan accruals and contributions | $4,939 |
| Other employee benefits | $8,419 |
| Payroll taxes | $42,291 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $69,407 |
| Fees for services: Accounting | $189,532 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $301,036 |
| Advertising and promotion | $38,025 |
| Office expenses | $89,836 |
| Information technology | $1,364 |
| Royalties | $0 |
| Occupancy | $15,441 |
| Travel | $201,108 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,867 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,819 |
| Insurance | $56,928 |
| All other expenses | $0 |
| Total functional expenses | $3,618,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,933,888 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,415,329 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,308,305 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,855 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $16,288 |
| Other assets | $0 |
| Total assets | $11,749,655 |
| Accounts payable and accrued expenses | $108,175 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $536,598 |
| Total liabilities | $644,773 |
| Net assets without donor restrictions | $11,104,882 |
| 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 | $11,104,882 |
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|---|---|---|
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