Esperanza Academy Inc
- Assets
- $5.0m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 31
- Location
- Lawrence, MA
- Founding
- 12/2005
- Data as of
- 06/2021
- EIN
- 73-1722348
Organization Overview
Esperanza Academy Inc is located in Lawrence, MA. The organization was established in 2005. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Esperanza Academy Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Esperanza Academy Inc 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, Esperanza Academy Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $2.3m during the year ending 06/2021. While expenses have increased by 2.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ESPERANZA ACADEMY, INC. (THE ACADEMY) IS A TUITION-FREE, INDEPENDENT MIDDLE SCHOOL IN THE EPISCOPAL TRADITION WELCOMING GIRLS OF DIVERSE FAITHS, RACES, AND CULTURES FROM LAWRENCE, MASSACHUSETTS. THE SCHOOL INSPIRES STUDENTS TO BECOME ACTIVE LEARNERS AND RESPONSIBLE GLOBAL CITIZENS. WE EMPOWER AND PREPARE OUR GIRLS TO MEET CHALLENGES WITH COURAGE, INTEGRITY, AND RESPECT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A TUITION-FREE MIDDLE SCHOOL TO ECONOMICALLY DISADVANTAGED GIRLS FROM LAWRENCE, MASSACHUSETTS. ANNUAL ENROLLMENT TOTALS APPROXIMATELY 60 GIRLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jadihel Taveras Head Of School | Officer | 40 | $176,694 |
Gia Angluin Director Of Development | 40 | $112,669 | |
Sarah Newton President (term Ended) | OfficerTrustee | 5 | $0 |
Thomas Abisalih Treasurer | OfficerTrustee | 5 | $0 |
Cathy Perron Eaton Vice President | OfficerTrustee | 5 | $0 |
Elaine White Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,360,167 |
| Investment income | $15,450 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $234,997 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,630,704 |
| 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. | $195,553 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,166,254 |
| Pension plan accruals and contributions | $86,103 |
| Other employee benefits | $63,388 |
| Payroll taxes | $126,049 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,538 |
| Fees for services: Accounting | $18,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,233 |
| Fees for services: Other | $30,817 |
| Advertising and promotion | $0 |
| Office expenses | $51,566 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $193,608 |
| Travel | $0 |
| 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 | $57,118 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,276,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,736,852 |
| Pledges and grants receivable | $260,000 |
| 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 | $43,338 |
| Investments—publicly traded securities | $1,767,280 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,450 |
| Total assets | $5,000,167 |
| Accounts payable and accrued expenses | $164,201 |
| 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 | $266,100 |
| Other liabilities | $0 |
| Total liabilities | $430,301 |
| 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 | $4,569,866 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Esperanza Academy Inc has recieved totaling $55,000.
| Awarding Organization | Amount |
|---|---|
C A Wood Part 15 Wahlberg Char Tr 6-01505-5 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $40,000 |
Josephine G Russell Trust Andover, MA PURPOSE: EDUCATION | $10,000 |
Artemas W Stearns Tr Andover, MA PURPOSE: EDUCATION | $5,000 |
Endowment Analysis
| Beg. Balance | $1,137,141 |
| Earnings | $260,945 |
| Admin Expense | $1,851 |
| Net Contributions | $383,278 |
| Other Expense | $12,233 |
| Ending Balance | $1,767,280 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hunter College Foundation Inc New York, NY | $144,509,988 | $37,248,838 |
The American Friends Of Winchester College New York, NY | $259,900 | $15,435,931 |
Friends Of@ascend Charter Schools Inc Brooklyn, NY | $51,013,536 | $16,135,870 |
Equitable Facilities Fund Inc New York, NY | $843,754,758 | $34,535,002 |
Dudley Square Realty Corporation Boston, MA | $98,074,702 | $123 |
Auxiliary Campus Enterprises And Services State University College Alfred, NY | $11,814,689 | $16,740,654 |
College Of Staten Island Auxiliary Services Corp Inc Staten Island, NY | $62,695,629 | $9,780,570 |
American Friends Of The National Gallery London Inc New York, NY | $305,852,204 | $2,300,126 |
Auxiliary Services Corporation Of Suny Cortland Cortland, NY | $19,099,097 | $10,450,642 |
The Roosevelt Institute New York, NY | $39,947,474 | $14,561,739 |
Empire Commons Student Housing Inc Albany, NY | $47,889,992 | $16,000,956 |
Prep For Prep New York, NY | $67,702,952 | $11,458,262 |