Kids First Beloit Inc
- Assets
- $37.7m
- Revenue
- $34.7m
- Investments
- $0.0
- Employees
- 8
- Location
- Beloit, WI
- Founding
- 11/2019
- Data as of
- 06/2021
- EIN
- 84-3568463
Organization Overview
Kids First Beloit Inc, operating under the name The Lincoln Academy, is located in Beloit, WI. The organization was established in 2019. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Lincoln Academy employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln 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 06/2021, Lincoln Academy generated $34.7m in total revenue. All expenses for the organization totaled $1.5m during the year ending 06/2021. While expenses have increased by 301.3% per year over the past 2 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
OPERATION OF THE LINCOLN ACADEMY, A PUBLIC (4K-12) CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LINCOLN ACADEMY COMPLETED AN ARRAY OF START-UP ACTIVITIES FOR THE OPENING OF THE SCHOOL, INCLUDING BUT NOT LIMITED TO RECRUITMENT AND HIRING OF YEAR ONE PERSONNEL, ENROLLMENT OF SCHOOLS, CURRICULUM PLANNING, PURCHASE OF EQUIPMENT OF MATERIALS, CONSTRUCTION OF SCHOOL FACILITY, BOARD RECRUITMENT AND TRAINING, AND POLICY AND SYSTEM DEVELOPMENT. THE SCHOOL BEGAN EDUCATING STUDENTS IN THE FALL OF 2021.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristi Cole Chief Executive Officer | Officer | 40 | $94,792 |
Pastor Dannie Evans Vice Chairperson | OfficerTrustee | 0 | $0 |
Diane Hendricks Secretary | OfficerTrustee | 0 | $0 |
David Mccoy Treasurer | OfficerTrustee | 0 | $0 |
Lisa Furseth Chairperson | OfficerTrustee | 0 | $0 |
Miguel Guzman Director | Trustee | 0 | $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 | $34,731,650 |
| Noncash contributions included in lines 1a–1f | $370,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,731,650 |
| Total Program Service Revenue | $0 |
| 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 | $34,731,650 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $574,636 |
| Pension plan accruals and contributions | $1,922 |
| Other employee benefits | $90,890 |
| Payroll taxes | $42,244 |
| Fees for services: Management | $163,141 |
| Fees for services: Legal | $56,446 |
| Fees for services: Accounting | $34,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $36,955 |
| Office expenses | $104,807 |
| Information technology | $340,170 |
| Royalties | $0 |
| Occupancy | $76,819 |
| 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 | $25,358 |
| All other expenses | $0 |
| Total functional expenses | $1,547,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $991,931 |
| 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 | $8,638 |
| Net Land, buildings, and equipment | $36,711,840 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,712,409 |
| Accounts payable and accrued expenses | $3,804,744 |
| 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 | $3,804,744 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $33,907,665 |
| Total liabilities and net assets/fund balances | $37,712,409 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kids First Beloit Inc has recieved totaling $27,175.
| Awarding Organization | Amount |
|---|---|
Beloit 2020 Corporation Beloit, WI PURPOSE: CHARTER SCHOOL ORG, | $27,175 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seeds Of Health Milwaukee, WI | $21,433,274 | $18,248,715 |
Twin Cities International Schools Minneapolis, MN | $10,477,770 | $17,272,708 |
Eagle Ridge Academy Minnetonka, MN | $14,507,492 | $16,854,949 |
Lakes International Language Academy Forest Lake, MN | $12,188,611 | $15,744,589 |
Parnassus Preparatory School Maple Grove, MN | $11,987,253 | $16,239,729 |
Hmong American Peace Academy Ltd Milwaukee, WI | $62,055,663 | $22,180,285 |
Seven Hills Preparatory Academy Bloomington, MN | $12,008,176 | $15,420,403 |
Southland College Prep Charter School Inc Richton Park, IL | $5,970,929 | $14,846,011 |
St Croix Preparatory Academy Stillwater, MN | $15,400,325 | $14,730,120 |
Athlos Leadership Academy Brooklyn Park, MN | $8,310,126 | $14,353,758 |
Prairie Seeds Academy Brooklyn Park, MN | $11,928,237 | $14,361,129 |
Kipp Minnesota Minneapolis, MN | $9,470,276 | $14,681,951 |