Renaissance Academy Inc
- Assets
- $115.6k
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 35
- Location
- Altadena, CA
- Founding
- Data as of
- 12/2016
- EIN
- 95-4489540
Organization Overview
Renaissance Academy Inc is located in Altadena, CA. As of 12/2016, Renaissance Academy Inc employed 35 individuals. Renaissance Academy Inc 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 12/2016, Renaissance Academy Inc generated $2.1m 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 (7.1%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2016. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 2 years. 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A PRIVATE SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR THE ORGANIZATION DELIVERED EDUCATIONAL SERVICES TO APPROXIMATELY 90 STUDENTS IN GRADES K-12 USING A FULL YEAR CURRICULUM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Staffer President/di | OfficerTrustee | 40 | $198,449 |
Sabrina Green Director | Trustee | 1 | $0 |
Yuhai Niu Diirector | Trustee | 1 | $0 |
Nancy Parodi Secretary/ V | Officer | 40 | $43,919 |
Andrew Staffer CFO | Officer | 1 | $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 | $200,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $200,000 |
| Total Program Service Revenue | $1,294,657 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,149 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,051,872 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $400 |
| 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. | $242,368 |
| Compensation of current officers, directors, key employees. | $13,406 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $565,110 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $58,170 |
| Fees for services: Management | $57,500 |
| Fees for services: Legal | $13,829 |
| Fees for services: Accounting | $9,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $107,763 |
| Advertising and promotion | $14,025 |
| Office expenses | $32,799 |
| Information technology | $7,156 |
| Royalties | $0 |
| Occupancy | $461,980 |
| Travel | $18,091 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $45,610 |
| Payments to affiliates | $59,971 |
| Depreciation, depletion, and amortization | $26,429 |
| Insurance | $35,867 |
| All other expenses | $28,160 |
| Total functional expenses | $2,235,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $860 |
| Savings and temporary cash investments | $168 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $58,345 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,050 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $24,666 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,556 |
| Total assets | $115,645 |
| 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 | $87,884 |
| Other liabilities | $0 |
| Total liabilities | $87,884 |
| Unrestricted restricted net Assets | $27,761 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $27,761 |