A Latere Academy
- Assets
- $67.6k
- Revenue
- $616.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 02/2020
- Data as of
- 12/2022
- EIN
- 84-2331058
Organization Overview
A Latere Academy is located in Omaha, NE. The organization was established in 2020. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary 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. A Latere 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 12/2022, A Latere Academy generated $616.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 62.8% each year . All expenses for the organization totaled $600.9k during the year ending 12/2022. While expenses have increased by 67.0% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
A LATERE ACADEMY IS A CHRISTIAN HOME EDUCATION PROGRAM THAT PARTNERS WITH FAMILIES BY PROVIDING CLASSROOM LEARNING AND CURRICULUM FOR K-8TH GRADE STUDENTS. THIS IS ACCOMPLISHED BY PROVIDING IN-CLASS LEARNING AND TUTORING, PARENT TRAINING, AND A CURRICULUM FRAMEWORK FOR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE 2022 TAX YEAR A LATERE ACADEMY WAS ABLE TO COMPLETE THE 21-22 ACADEMIC SCHOOL YEAR PROGRAM WITH 209 STUDENTS AT REPRESENTING 75 FAMILIES. STARTING IN SEPTEMBER AND RUNNING THROUGH DECEMBER THE ORGANIZATION WAS ABLE TO GROW TO A TOTAL OF TWO LOCATIONS (1 IN OMAHA, 1 IN LINCOLN NE). 218 STUDENTS ENROLLED AND PARTICIPATED IN THE SEPT TO DEC PROGRAM FOR 2 DAYS PER WEEK (6 HOURS PER DAY) OF "IN CLASS" TUTORING AND LEARNING. ADDITIONALLY, INCREASE IN CAPABILITY AND CAPACITY ALLOWED THE EXPANSION OF JR K - 2ND GRADE AT A NEW CHURCH LOCATION, LOVE CHURCH IN OMAHA. ADDITIONALLY, 8 DISTINCT PARENT TRAINING AND EQUIPPING SESSIONS WERE HELD, IN WHICH OVER 90% OF THE FAMILIES PARTICIPATED IN EACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Miller Founder And Executive Director | Officer | 70 | $62,354 |
Nick Miller Treasurer | OfficerTrustee | 25 | $0 |
Gavin Johnson Member Of The Board Of Directors | Officer | 4 | $0 |
Sarah Johnson Member Of The Board Of Directors | Officer | 4 | $0 |
James Williams Member Of The Board Of Directors | Officer | 4 | $0 |
Elizabeth Williams Member Of The Board Of Directors | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $65,068 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,683 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,751 |
| Total Program Service Revenue | $505,404 |
| Investment income | $0 |
| 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 | $616,155 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $61,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $313,736 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $31,885 |
| Fees for services: Management | $970 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $22,718 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $200 |
| Advertising and promotion | $0 |
| Office expenses | $52,182 |
| Information technology | $8,286 |
| Royalties | $25,813 |
| Occupancy | $42,600 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $720 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,186 |
| All other expenses | $337 |
| Total functional expenses | $600,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,554 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $67,554 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $67,554 |
| 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 | $67,554 |