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Nonprofiteer
← EASTBROOK ACADEMY INC

Form 990 for tax year 2023

Filed by EASTBROOK ACADEMY INC.

Totals

Total revenue
$7,904,325
Total expenses
$6,812,683
Contributions and grants received
$3,488,370
Grants paid
$64,075
Program service revenue
$4,176,254
Investment income
$49,784
Other revenue
$189,917
Total assets, end of year
$9,782,696
Total liabilities, end of year
$4,819,422
Net assets or fund balances, end of year
$4,963,274
Program services expenses (Part IX)
$6,637,836
Management and general expenses
$108,879
Fundraising expenses
$65,968
Program service expenses (Part III)
$6,637,836

Program services were 97.4% 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.

  • 1e · Government grants (contributions)

    $2,049,418

  • 1f · All other contributions, gifts and grants

    $1,438,952

  • 1g · Noncash contributions included above

    $326,136

  • 2a · Program service revenue: TUITION

    total $3,950,861 · related or exempt $3,950,861

  • 2b · Program service revenue: ALL OTHER PROGRAM SERVICE REV

    total $225,393 · related or exempt $225,393

  • 3 · Investment income

    total $49,784 · excluded $49,784

  • 11a · Other revenue: FUNDRAISING

    total $85,946 · related or exempt $85,946

  • 11b · Other revenue: OTHER INCOME

    total $58,737 · related or exempt $58,737

  • 11c · Other revenue: IND CONTRIBUTIONS

    total $40,234 · related or exempt $40,234

  • 11d · All other revenue

    total $5,000 · related or exempt $5,000

  • 11e · Other revenue, total

    $189,917

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $64,075 · program services $64,075

  • 7 · Other salaries and wages

    total $2,167,114 · program services $2,167,114

  • 9 · Other employee benefits

    total $482,612 · program services $482,612

  • 10 · Payroll taxes

    total $209,588 · program services $209,588

  • 11a · Fees: management

    total $5,653 · program services $5,653

  • 11g · Fees: other

    total $2,279,000 · program services $2,213,032 · fundraising $65,968

  • 12 · Advertising and promotion

    total $14,835 · program services $14,835

  • 13 · Office expenses

    total $143,145 · program services $37,172 · management and general $105,973

  • 14 · Information technology

    total $51,134 · program services $51,134

  • 16 · Occupancy

    total $1,131,325 · program services $1,131,325

  • 19 · Conferences, conventions and meetings

    total $2,906 · management and general $2,906

  • 20 · Interest

    total $2,877 · program services $2,877

  • 22 · Depreciation, depletion and amortization

    total $140,063 · program services $140,063

  • 23 · Insurance

    total $47,509 · program services $47,509

  • 24a · Other expenses: LIBRARY EXPENSE

    total $38,938 · program services $38,938

  • 24b · Other expenses: HS STUDENT COUNCIL

    total $12,029 · program services $12,029

  • 24c · Other expenses: BAD DEBT

    total $11,866 · program services $11,866

  • 24d · Other expenses: VEHICLE EXPENSES

    total $4,295 · program services $4,295

  • 24e · All other expenses

    total $3,719 · program services $3,719

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $759,223 · end of year $301,116

  • 2 · Savings and temporary cash investments

    end of year $3,807,605

  • 3 · Pledges and grants receivable

    beginning of year $275,947 · end of year $281,402

  • 4 · Accounts receivable

    beginning of year $55,494 · end of year $27,533

  • 9 · Prepaid expenses and deferred charges

    beginning of year $50,357 · end of year $42,810

  • 10a · Land, buildings and equipment: cost or other basis

    $2,052,099

  • 10b · Land, buildings and equipment: accumulated depreciation

    $501,345

  • 10c · Land, buildings and equipment, net

    beginning of year $756,364 · end of year $1,550,754

  • 11 · Investments: publicly traded securities

    beginning of year $1,890,565

  • 14 · Intangible assets

    beginning of year $13,012

  • 15 · Other assets

    beginning of year $901,670 · end of year $3,771,476

  • 17 · Accounts payable and accrued expenses

    beginning of year $535,776 · end of year $408,061

  • 19 · Deferred revenue

    beginning of year $7,030

  • 24 · Unsecured notes and loans payable

    beginning of year $15,615 · end of year $1,824,877

  • 25 · Other liabilities

    beginning of year $454,358 · end of year $2,586,484

  • 27 · Net assets without donor restrictions

    beginning of year $3,540,348 · end of year $4,945,774

  • 28 · Net assets with donor restrictions

    beginning of year $149,505 · end of year $17,500

Mission and programs · 2023

Mission

EASTBROOK ACADEMY EXISTS TO SUPPORT FAMILIES FROM DIVERSE BACKGROUNDS IN THE ACADEMIC AND SPIRITUAL DEVELOPMENT OF THEIR CHILDREN. THE ACADEMY IMPARTS A RIGOROUS EDUCATION INSPIRED BY THE CLASSICAL MODEL IN A LOVING ENVIRONMENT COMMITTED TO CHRIST-LIKE LIVING. OUR STUDENTS WILL BE PREPARED TO EXCEL IN COLLEGE AND LIFE - READY TO HAVE AN IMPACT ON THE WORLD.

  • OPERATION OF A PRIVATE SCHOOL OFFERING PROGRAMS TO 4-YEAR-OLDS THROUGH 12TH GRADE DURING THE YEAR ENDED JUNE 30, 2023. THE SCHOOL SERVED APPROXIMATELY 400 STUDENTS DURING THE YEAR.

    Expenses $6,637,836 · Grants $64,075 · Revenue $4,176,254

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kellie Kok

    EXEC DIR - E

    Total calculated
    $110,590
    From this org
    $104,480
    From related orgs
    $0
    Other
    $6,110
    Hours/week
    40

  • William Druliner

    EXEC DIR - A

    Total calculated
    $107,699
    From this org
    $104,584
    From related orgs
    $0
    Other
    $3,115
    Hours/week
    40

  • Lasharie Borg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bryan Browning

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dr Donna Childs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marlaina Jackson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Colin Jacobs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • George Loxton

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Greg Marshall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Randy Mehl

    BOARD VICE C

    Total calculated
    $0
    Hours/week
    1

  • Mike Weitzer

    EBC LIAISON

    Total calculated
    $0
    Hours/week
    1

  • Amy Wisth

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202521339349301522

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