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Nonprofiteer
← ACADEMY OF MDY INC

Form 990 for tax year 2024

Filed by ACADEMY OF MDY INC.

Totals

Total revenue
$6,346,256
Total expenses
$3,907,170
Contributions and grants received
$6,346,256
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,398,158
Total liabilities, end of year
$28,833
Net assets or fund balances, end of year
$3,369,325
Program services expenses (Part IX)
$3,761,022
Management and general expenses
$146,148
Fundraising expenses
$0
Program service expenses (Part III)
$3,761,022

Program services were 96.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $384,171

  • 1e · Government grants (contributions)

    $5,962,085

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $2,624,379 · program services $2,624,379

  • 9 · Other employee benefits

    total $154,208 · program services $154,208

  • 10 · Payroll taxes

    total $268,882 · program services $268,882

  • 11b · Fees: legal

    total $139,150 · management and general $139,150

  • 11g · Fees: other

    total $713,553 · program services $713,553

  • 13 · Office expenses

    total $6,998 · management and general $6,998

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $948,107 · end of year $3,398,158

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,868 · end of year $28,833

  • 27 · Net assets without donor restrictions

    beginning of year $930,239 · end of year $3,369,325

Mission and programs · 2024

Mission

ASSISTED NOT-FOR-PROFIT NONPUBLIC EARLY CHILDHOOD, ELEMENTARY, AND HIGH SCHOOLS IN PLACING SPECIAL EDUCATION TEACHERS.

Activities or mission (Part I)

ASSISTED NOT-FOR-PROFIT SCHOOLS IN PLACING SPECIAL EDUCATION TEACHERS FOR SUPPORT SERVICES.

  • ASSISTED NOT-FOR-PROFIT NONPUBLIC EARLY CHILDHOOD, ELEMENTARY, AND HIGH SCHOOLS IN PLACING SPECIAL EDUCATION TEACHERS.

    Expenses $3,761,022

As filed on the 2024 return.

Listed in Part VII

  • Jeff Sutton

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Alberto Sutton

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Shirley Jemal

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Abe Shalom

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sheila Rubin

    EXECUTIVE DIRECTOR

    Total calculated
    $280,500
    From this org
    $0
    From related orgs
    $246,430
    Other
    $34,070
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $246,430 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $3,570 related
    Filer's total
    $0 + $280,500 related

  • Charles Leontsinidis

    DIRECTOR OF FINANCE

    Total calculated
    $199,299
    From this org
    $0
    From related orgs
    $181,937
    Other
    $17,362
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,937 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,200 related
    Nontaxable benefits
    $0 + $10,162 related
    Filer's total
    $0 + $199,299 related

  • Odette Sardar

    P3 PROVIDER

    Total calculated
    $105,669
    From this org
    $105,669
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Joseph Mineo

    HR DIRECTOR

    Total calculated
    $201,067
    From this org
    $0
    From related orgs
    $149,325
    Other
    $51,742
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,325 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $39,400 related
    Nontaxable benefits
    $0 + $12,342 related
    Filer's total
    $0 + $201,067 related

  • Corey Schneer

    DIRECTOR OF IT

    Total calculated
    $155,936
    From this org
    $0
    From related orgs
    $140,000
    Other
    $15,936
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $140,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,000 related
    Nontaxable benefits
    $0 + $8,936 related
    Filer's total
    $0 + $155,936 related

  • Raquel Elo

    DIRECTOR OF RELATED SERVICES

    Total calculated
    $149,257
    From this org
    $0
    From related orgs
    $107,003
    Other
    $42,254
    Hours/week
    1 + 34 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS BASED ON WHAT OTHER INDUSTRIES PAY FOR JOBS WITH THE SAME OR SIMILAR TYPES OF RESPONSIBILITIES. THE PROCESS INCLUDES AN INDEPENDENT COMPENSATION CONSULTANT, A WRITTEN EMPLOYMENT CONTRACT, AND APPROVAL BY THE BOARD.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • MAGEN DAVID YESHIVA

    501(C)(3) · CONGREGATION AND SCHOOL · NY

  • SA-MDY INC

    501(C)(3) · SCHOOL MANAGEMENT · DE · controlled entity

    Directly controlled by MAGEN DAVID YESHIVA

  • MDYHS INC

    501(C)(3) · HIGH SCHOOL · DE · controlled entity

    Directly controlled by MAGEN DAVID YESHIVA

  • EARLY CHILDHOOD AT MDY INC

    501(C)(3) · EARLY EDUCATION · DE · controlled entity

    Directly controlled by MAGEN DAVID YESHIVA

  • OPS-MDY INC

    501(C)(3) · MAINTENANCE · DE · controlled entity

    Directly controlled by MAGEN DAVID YESHIVA

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MCDONALD ENHANCED LEARNING LLC

    SPECIAL EDUCATION · NY

    Directly controlled by ACADEMY AT MDY INC

Provenance

Return type
form_990
Tax year
2024
Filed
10 July 2026
IRS schema version
2024v5.5
Source object
202621959349300912

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