Sophia Academy
- Assets
- $82.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 12/2019
- Data as of
- 12/2023
- EIN
- 83-3035851
Organization Overview
Sophia Academy is located in Philadelphia, PA. The organization was established in 2019. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sophia 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 12/2023, Sophia Academy generated $187.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $173.8k during the year ending 12/2023. While expenses have increased by 23.1% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
STUDENTS WITH LEARNING DISABILITIES PERSONALIZED EDUCATION PROGRAMS- 3 OUT OF 3 12TH GRADERS GRADUATED 2022-23 SCHOOOL YEAR, STUDENT BODY HAS GROWN FROM 10 TO 17 IN 2 YEARS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Priscilla Strapp Officer | 40 | $26,217 | |
Steven C Wilbraham President | 1 | $0 | |
Christopher Mccloskey Treasurer | 1 | $0 | |
Jennifer Solomon Board Member | 0 | $0 | |
Christine Foreman Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,743 |
| Total Program Service Revenue | $135,734 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $187,477 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $117,580 |
| Professional fees and other payments to independent contractors | $11,993 |
| Occupancy, rent, utilities, and maintenance | $18,850 |
| Printing, publications, postage, and shipping | $856 |
| Other expenses | $24,488 |
| Total expenses | $173,767 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $82,410 |
| Other assets | $0 |
| Total assets | $82,410 |
| Total liabilities | $0 |
| Net assets or fund balances | $82,410 |