Albert Einstein Academies
- Assets
- $21.5m
- Revenue
- $17.6m
- Investments
- $0.0
- Employees
- 216
- Location
- San Diego, CA
- Founding
- 09/2007
- Data as of
- 06/2022
- EIN
- 87-0759939
Organization Overview
Albert Einstein Academies is located in San Diego, CA. The organization was established in 2007. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2022, Albert Einstein Academies employed 216 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albert Einstein Academies 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, Albert Einstein Academies generated $17.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $18.8m during the year ending 06/2022. While expenses have increased by 6.8% per year over the past 7 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
TO ENABLE STUDENTS TO BECOME COMPETENT CONTRIBUTING MEMBERS OF SOCIETY EQUIPPED WITH READING, WRITING, MATH, TECHNOLOGY, AND PROBLEM SOLVING SKILLS NECESSARY FOR SUCCESS IN A RAPIDLY CHANGING WORLD
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF PUBLIC CHARTER SCHOOLS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Sciarretta Executive Dir. | Officer | 40 | $264,042 |
Margaretta Bouterse Principal | 40 | $176,497 | |
Andreas Trakas Principal | 40 | $147,478 | |
Jose Diaz | 40 | $114,460 | |
Andy J Kim School Psycholog. | 40 | $113,641 | |
Lynda Musisko | 40 | $108,364 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,298,498 |
| All other contributions, gifts, grants, and similar amounts not included above | $272,175 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,570,673 |
| Total Program Service Revenue | $0 |
| Investment income | $63,041 |
| 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 | $17,633,714 |
| 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. | $264,042 |
| Compensation of current officers, directors, key employees. | $264,042 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,072,967 |
| Pension plan accruals and contributions | $1,652,251 |
| Other employee benefits | $1,238,056 |
| Payroll taxes | $325,889 |
| Fees for services: Management | $212,630 |
| Fees for services: Legal | $38,094 |
| 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 | $693,207 |
| Advertising and promotion | $43,414 |
| Office expenses | $0 |
| Information technology | $83,951 |
| Royalties | $0 |
| Occupancy | $944,971 |
| Travel | $81,502 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,268,224 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $865,940 |
| Insurance | $108,747 |
| All other expenses | $329,771 |
| Total functional expenses | $18,752,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,569,868 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,773,103 |
| 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 | $219,709 |
| Net Land, buildings, and equipment | $10,952,007 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,002,422 |
| Total assets | $21,517,109 |
| Accounts payable and accrued expenses | $849,949 |
| Grants payable | $0 |
| Deferred revenue | $181,610 |
| Tax-exempt bond liabilities | $15,753,095 |
| 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 | $473,117 |
| Other liabilities | $592,360 |
| Total liabilities | $17,850,131 |
| Net assets without donor restrictions | $3,629,630 |
| Net assets with donor restrictions | $37,348 |
| 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 | $21,517,109 |