Romero Academy
- Assets
- $684.5k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- Data as of
- 06/2022
- EIN
- 84-4331657
Organization Overview
Romero Academy is located in Cincinnati, OH. 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. Romero 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 06/2022, Romero Academy generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. 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
ROMERO ACADEMY PARTNERS WITH FAMILIES TO FORM FUTURE SAINTS BY DEVELOPING THE INTELLECT, FORMING THE CHARACTER, AND ENGAGING THE FAITH OF EACH STUDENTS. ROMERO ACADEMY STUDENTS WILL DEVELOP THE VIRTUE, KNOWLEDGE, AND ACADEMIC SKILLS NECESSARY TO THRIVE IN A SELECTIVE COLLEGE PREPARATORY HIGH SCHOOL, COLLEGE, AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PK-7 GRADE ELEMENTARY SCHOOL PROGRAMMING: THE ORGANIZATION PARTNERS WITH FAMILIES TO FORM FUTURE SAINTS AND SCHOLARS BY DEVELOPING THE INTELLECT, FORMING THE CHARACTER, AND ENGAGING THE FAITH OF EACH STUDENT. GRADUATES WILL DEVELOP THE VIRTUE, KNOWLEDGE, AND ACADEMIC SKILLS NECESSARY TO THRIVE IN THE CITY'S MOST SELECTIVE COLLEGE PREPARATORY HIGH SCHOOL, COLLEGE, AND BEYOND. - 77% OF CHILDREN SERVED MADE ONE OR MORE YEARS OF GROWTH IN MATHEMATICS- 78% OF CHILDREN SERVED MADE ONE OR MORE YEARS OF GROWTH IN READING- STUDENT PROFICIENCY IMPROVED BY 150%- 100% OF TEACHERS WERE RETAINED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Peters Chairman | OfficerTrustee | 2 | $0 |
Stephanie Saroki DE Garcia Secretary | OfficerTrustee | 2 | $0 |
Vince Woodall Treasurer | OfficerTrustee | 2 | $0 |
Carlos DE Quesada Board | Trustee | 2 | $0 |
Tim Fogarty Board | Trustee | 2 | $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 | $164,577 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,577 |
| Total Program Service Revenue | $709,192 |
| 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 | $1,437,512 |
| 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. | $142,657 |
| Compensation of current officers, directors, key employees. | $142,657 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $472,894 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $67,431 |
| Payroll taxes | $51,519 |
| Fees for services: Management | $126,202 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $367,738 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $38,910 |
| Royalties | $0 |
| Occupancy | $35,183 |
| 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 | $17,826 |
| Insurance | $34,274 |
| All other expenses | $0 |
| Total functional expenses | $1,405,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $627,123 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,668 |
| 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 | $2,156 |
| Net Land, buildings, and equipment | $19,592 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $684,539 |
| Accounts payable and accrued expenses | $140,575 |
| Grants payable | $0 |
| Deferred revenue | $98 |
| 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 | $220,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $692 |
| Total liabilities | $361,365 |
| Net assets without donor restrictions | $323,174 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $684,539 |