The Nest Academy Inc
- Assets
- $797.5k
- Revenue
- $996.6k
- Investments
- $0.0
- Employees
- 11
- Location
- Charlotte, NC
- Founding
- 08/2017
- Data as of
- 12/2022
- EIN
- 81-3637711
Organization Overview
The Nest Academy Inc is located in Charlotte, NC. The organization was established in 2017. 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 12/2022, Nest Academy Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nest 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 12/2022, Nest Academy Inc generated $996.6k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $594.7k during the year ending 12/2022. 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
THE NEST ACADEMY IS A SMALL, TRAUMA-INFORMED, PRIVATE SCHOOL IN CHARLOTTE, NORTH CAROLINA WITH A MISSION TO CHANGE THE LIVES OF REFUGEE AND UNDERPRIVILEGED STUDENTS TO BECOME CONFIDENT, EDUCATED, AND SUCCESSFUL FIRST GENERATION HIGH SCHOOL GRADUATES. THE NEST ACADEMY OFFERS STUDENTS AN INDIVIDUALIZED EDUCATION PLAN IN A SMALL, SAFE AND SUPPORTIVE ENVIRONMENT THROUGH HIGHLY TRAINED TEACHERS, VOLUNTEERS AND MENTORS. THE STUDENTS FLOURISH IN THIS PEACEFUL ENVIRONMENT WHERE THEY ARE ACCEPTED, KNOWN AND SUPPORTED, WHICH EXTENDS OUTSIDE OF THE CLASSROOM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEST ACADEMY BEGAN WITH A FOCUS IN AFFORDING REFUGEES AND UNDERPRIVILEGED CHILDREN WITH A PRIVATE SCHOOL EDUCATION WITH AN INDIVIDUAL EDUCATION PLAN TO EXCEL AND BECOME FIRST GENERATION HIGH SCHOOL GRADUATES. THEY ARE TESTED, CORRECTLY PLACED AND TAUGHT IN EACH OF THEIR EDUCATIONAL LEVELS SO THAT STUDENTS RECEIVE WHAT THEY WEREN'T GETTING IN A PUBLIC SCHOOL SETTING SO THAT THEY ARE BETTER EQUIPPED FOR LIFE AND HIGHER EDUCATION. THEY HAVE A UNIQUE OPPORTUNITY TO DEVELOP AT THE ACADEMY THROUGH THEIR GIFTED EDUCATION THAT THEY ARE ABLE TO SPRINGBOARD FROM. IN OUR PURSUIT TO EDUCATE FIRST GENERATION ELEMENTARY, MIDDLE AND HIGH SCHOOLERS, WITH A FOCUS ON HIGHER EDUCATION, WE ALSO HAD A VISION TO PROVIDE ADDITIONAL SUPPORT AND FUNDING TO ENCOURAGE COLLEGE PARTICIPATION AND COMPLETION. WE HAVE PARTNERED WITH DONORS TO FINANCIALLY CONTRIBUTE TO BOTH OF THOSE EFFORTS; FIRST GENERATION HIGH SCHOOL GRADUATES AND FIRST GENERATION COLLEGE STUDENTS. WE HAVE EXECUTED A PLAN AND HAVE BEEN ABLE WHICH FAST TRACKS THEM TO SUCCEED IN BOTH.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Catherine Hildreth President | OfficerTrustee | 40 | $79,300 |
Pender Murphy Board Member | Trustee | 10 | $0 |
Dain Dulaney Chairman | OfficerTrustee | 5 | $0 |
Ellen Leitch Board Member | Trustee | 15 | $0 |
Mike Gutowski Board Member | Trustee | 5 | $0 |
Gina Elam Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,007,863 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,007,863 |
| Total Program Service Revenue | $0 |
| Investment income | $169 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,383 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $996,649 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $79,300 |
| Compensation of current officers, directors, key employees. | $79,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $183,162 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,082 |
| Payroll taxes | $21,008 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,950 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,114 |
| Fees for services: Other | $2,896 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,635 |
| Royalties | $0 |
| Occupancy | $120,487 |
| 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 | $14,990 |
| Insurance | $3,815 |
| All other expenses | $14,823 |
| Total functional expenses | $594,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $515,352 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $160 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $282,020 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $797,532 |
| Accounts payable and accrued expenses | $5,200 |
| 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 | $0 |
| Total liabilities | $5,200 |
| Net assets without donor restrictions | $494,627 |
| Net assets with donor restrictions | $297,705 |
| 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 | $797,532 |