Innovate Academy & Preparatory School Corp
- Assets
- $439.8k
- Revenue
- $461.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Eagle, ID
- Founding
- Data as of
- 06/2021
- EIN
- 84-1751848
Organization Overview
Innovate Academy & Preparatory School Corp is located in Eagle, ID. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Innovate Academy & Preparatory School Corp 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, Innovate Academy & Preparatory School Corp generated $461.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 37.4% each year . All expenses for the organization totaled $584.0k during the year ending 06/2021. While expenses have increased by 43.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OFFER A CHALLENGING AND DIVERSE CURRICULUM IN A TIGHT KNIT CULTURE TO FOSTER A PASSION FOR LEARNING AND EQUIP STUDENTS WITH THE TOOLS NECESSARY TO BECOME SUCCESSFUL, WELL-ROUNDED ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION FOR PRE-SCHOOL THROUGH 8TH GRADE
EDUCATION FOR PRE-SCHOOL THROUGH 8TH GRADE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gloria Nagel Director | Trustee | 40 | $0 |
Tessa Osborne Director | OfficerTrustee | 20 | $0 |
Megan Stephens Director | Trustee | 20 | $0 |
April Dillon Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,089 |
| Investment income | $109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,050 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $461,809 |
| 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. | $23,789 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $281,290 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $105,832 |
| Payroll taxes | $25,381 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,070 |
| Advertising and promotion | $2,100 |
| Office expenses | $14,587 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,120 |
| 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 | $0 |
| Insurance | $4,715 |
| All other expenses | $0 |
| Total functional expenses | $583,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,939 |
| Savings and temporary cash investments | $237,775 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,728 |
| 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 | $439,845 |
| Accounts payable and accrued expenses | $36,370 |
| Grants payable | $0 |
| Deferred revenue | $209,465 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $46,278 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $292,113 |
| 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 | $147,732 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Innovate Academy & Preparatory School Corp has recieved totaling $58,000.
| Awarding Organization | Amount |
|---|---|
Klein And Cole Family Foundation Meridian, ID PURPOSE: CHARITABLE-GENERAL | $50,000 |
Hawkins Family Foundation Boise, ID PURPOSE: TO SUPPORT THE SCHOOL. | $8,000 |
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