Skip to content
Nonprofiteer
← THE ACADEMY IN MANAYUNK INC

Form 990 for tax year 2024

Filed by THE ACADEMY IN MANAYUNK INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 25 August 2026. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$42,284,860
Total expenses
$31,336,253
Contributions and grants received
$6,108,912
Grants paid
$1,767,146
Program service revenue
$29,231,861
Investment income
$6,757,883
Other revenue
$186,204
Total assets, end of year
$113,514,001
Total liabilities, end of year
$32,716,597
Net assets or fund balances, end of year
$80,797,404
Program services expenses (Part IX)
$25,855,029
Management and general expenses
$3,797,893
Fundraising expenses
$1,683,331
Program service expenses (Part III)
$25,855,029

Program services were 82.5% 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.

  • 1c · Fundraising events

    $257,754

  • 1e · Government grants (contributions)

    $728,693

  • 1f · All other contributions, gifts and grants

    $5,122,465

  • 1g · Noncash contributions included above

    $332,131

  • 2a · Program service revenue: TUITION, FEES & RELATED SERVICES

    total $19,021,331 · related or exempt $19,021,331

  • 2b · Program service revenue: TEACHER TRAINING WORKSHOPS

    total $10,040,037 · related or exempt $10,040,037

  • 2c · Program service revenue: TUTORING

    total $170,493 · related or exempt $170,493

  • 3 · Investment income

    total $1,660,691 · excluded $1,660,691

  • 6a · Gross rents

    real property $215,175

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $215,175

  • 6d · Net rental income or loss

    total $215,175 · excluded $215,175

  • 7a · Gross sales of assets other than inventory

    securities $84,941,391

  • 7b · Less cost or other basis and sales expenses

    securities $79,844,199

  • 7c · Gain or loss

    securities $5,097,192

  • 7d · Net gain or loss

    total $5,097,192 · excluded $5,097,192

  • 8a · Fundraising events: gross income

    $80,152

  • 8a · Fundraising events: contributions included on line 1c

    $257,754

  • 8b · Fundraising events: direct expenses

    $154,205

  • 8c · Net income from fundraising events

    total -$74,053 · excluded -$74,053

  • 11a · Other revenue: MISCELLANEOUS

    total $45,082 · related or exempt $45,082

  • 11e · Other revenue, total

    $45,082

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,767,146 · program services $1,767,146

  • 5 · Compensation of officers, directors and key employees

    total $3,969,383 · program services $2,478,054 · management and general $659,339 · fundraising $831,990

  • 7 · Other salaries and wages

    total $13,019,289 · program services $10,988,607 · management and general $1,775,228 · fundraising $255,454

  • 8 · Pension plan contributions

    total $2,104,523 · program services $1,496,393 · management and general $445,686 · fundraising $162,444

  • 9 · Other employee benefits

    total $1,264,382 · program services $886,653 · management and general $266,424 · fundraising $111,305

  • 10 · Payroll taxes

    total $1,190,319 · program services $1,021,249 · management and general $118,018 · fundraising $51,052

  • 11b · Fees: legal

    total $34,813 · program services $30,563 · management and general $4,250

  • 11c · Fees: accounting

    total $65,226 · management and general $65,226

  • 11g · Fees: other

    total $1,003,251 · program services $727,286 · management and general $154,158 · fundraising $121,807

  • 12 · Advertising and promotion

    total $208,809 · program services $178,538 · management and general $12,347 · fundraising $17,924

  • 14 · Information technology

    total $740,835 · program services $695,587 · management and general $36,601 · fundraising $8,647

  • 17 · Travel

    total $430,890 · program services $406,432 · management and general $21,487 · fundraising $2,971

  • 20 · Interest

    total $662,556 · program services $622,802 · management and general $19,877 · fundraising $19,877

  • 22 · Depreciation, depletion and amortization

    total $2,465,085 · program services $2,367,986 · management and general $58,089 · fundraising $39,010

  • 23 · Insurance

    total $192,351 · program services $155,596 · management and general $30,629 · fundraising $6,126

  • 24a · Other expenses: INSTRUCTIONAL SUPPLIES

    total $763,036 · program services $724,786 · management and general $37,072 · fundraising $1,178

  • 24b · Other expenses: REPAIRS AND MAINTENTANC

    total $594,404 · program services $562,306 · management and general $16,049 · fundraising $16,049

  • 24c · Other expenses: PROFESSIONAL DEVELOPMEN

    total $287,280 · program services $253,506 · management and general $28,395 · fundraising $5,379

  • 24d · Other expenses: SPECIAL SPEAKER SERIES

    total $125,920 · program services $111,814 · fundraising $14,106

  • 24e · All other expenses

    total $446,755 · program services $379,725 · management and general $49,018 · fundraising $18,012

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $560,260 · end of year $478,107

  • 2 · Savings and temporary cash investments

    beginning of year $22,724,618 · end of year $26,571,532

  • 3 · Pledges and grants receivable

    beginning of year $2,979,052 · end of year $1,547,572

  • 4 · Accounts receivable

    beginning of year $2,674,184 · end of year $2,613,834

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,277,908 · end of year $680,818

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

    $42,965,627

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

    $9,005,563

  • 10c · Land, buildings and equipment, net

    beginning of year $28,777,415 · end of year $33,960,064

  • 11 · Investments: publicly traded securities

    beginning of year $42,759,105 · end of year $47,401,302

  • 15 · Other assets

    beginning of year $271,928 · end of year $260,772

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,738,467 · end of year $3,864,172

  • 19 · Deferred revenue

    beginning of year $13,834,798 · end of year $11,271,595

  • 23 · Secured mortgages and notes payable

    beginning of year $12,030,022 · end of year $17,330,388

  • 25 · Other liabilities

    beginning of year $252,868 · end of year $250,442

  • 27 · Net assets without donor restrictions

    beginning of year $60,743,787 · end of year $73,761,117

  • 28 · Net assets with donor restrictions

    beginning of year $10,424,528 · end of year $7,036,287

Mission and programs · 2024

Mission

AIM ACADEMY (AIM) PROVIDES EXTRAORDINARY EDUCATIONAL OPPORTUNITIES TO CHILDREN WITH LANGUAGE-BASED LEARNING DISABILITIES SUCH AS DYSLEXIA, DYSGRAPHIA, AND DYSCALCULIA, UTILIZING RESEARCH-BASED INTERVENTION STRATEGIES AND AN ARTS-BASED LEARNING ENVIRONMENT THAT IS COLLEGE PREPARATORY IN SCOPE AND SEQUENCE.AIM DEVELOPED A CENTER FOR EDUCATIONAL EXCELLENCE AND PROFESSIONAL DEVELOPMENT TO DISSEMINATE BEST PRACTICES TO EDUCATORS BY PROVIDING ACCESS TO THE LATEST RESEARCH-BASED CURRICULUM, TECHNOLOGY, AND TRAINING.

Activities or mission (Part I)

EDUCATIONAL INSTITUTION FOR CHILDREN IN GRADES 1-12 WITH LANGUAGE-BASED LEARNING DISABILITIES.

  • TUITION, FEES AND RELATED SERVICES:EDUCATION PROGRAMS AT THE AIM ACADEMY ARE INDIVIDUALIZED, EVIDENCE-BASED, AND INNOVATIVE AND ARE DESIGNED TO SPARK STUDENT CURIOSITY AND ENTHUSIASM. THE HUMANITIES, STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ART & DESIGN, AND MATHEMATICS) AND ARTS CURRICULUM DEVELOP DEEP UNDERSTANDING AND CRITICAL THINKING SKILLS NEEDED FOR COLLEGE AND CAREER SUCCESS. THERE WERE 403 STUDENTS SERVED THROUGH AIM ACADEMY DURING FY25.UNLIKE MANY SCHOOLS SPECIALIZING IN STUDENTS WITH LANGUAGE-BASED LEARNING DISABILITIES, AIM ACADEMY'S STAFF INCLUDES IN-HOUSE SCHOOL PSYCHOLOGISTS, OCCUPATIONAL THERAPISTS AND SPEECH AND LANGUAGE PATHOLOGISTS TO SUPPORT STUDENTS, TEACHERS AND FAMILIES.

    Expenses $16,519,707 · Grants $1,767,146 · Revenue $19,066,413

  • TEACHER TRAINING WORKSHOPS:THE AIM INSTITUTE FOR LEARNING & RESEARCH WAS CREATED AS A CENTER FOR EDUCATIONAL EXCELLENCE AND PROFESSIONAL DEVELOPMENT DISSEMINATING TO EDUCATORS THE LATEST RESEARCH, TECHNOLOGY, AND BEST PRACTICES IN THE FIELDS OF LITERACY AND LANGUAGE-BASED LEARNING DISABILITIES INCLUDING DYSLEXIA. THERE WERE 8,765 EDUCATORS PARTICIPATING IN THE AIM INSTITUTE DURING FY25.

    Expenses $9,190,176 · Revenue $10,040,037

  • TUTORING:THE AIM ACADEMY'S TUTORING CENTER PROVIDES DIAGNOSTIC AND PRESCRIPTIVE INSTRUCTION THAT IS TAILORED TO MEET EACH STUDENT'S NEEDS. THE TUTORING SERVICES CATER TO CHILDREN IN GRADES 1-12 AND RANGE FROM TEACHING READING READINESS SKILLS TO PROVIDING REMEDIATION AND SUPPORT IN VARIOUS ACADEMIC AREAS. TUTORS ALSO PROVIDE ASSISTANCE WITH EXECUTIVE FUNCTIONING, STUDY SKILLS, AND ORGANIZATION OF TIME AND SCHOOLWORK SO STUDENTS CAN BE SUCCESSFUL IN ALL ACADEMIC AREAS. THERE WERE 77 STUDENTS TUTORED DURING FY25.

    Expenses $145,146 · Revenue $170,493

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nancy Blair

    CO-FOUNDER

    Total calculated
    $1,361,257
    From this org
    $1,296,628
    From related orgs
    $0
    Other
    $64,629
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $278,122
    Bonus
    $100,000
    Other
    $918,506
    Deferred
    $42,753
    Nontaxable benefits
    $21,876
    Filer's total
    $1,361,257

  • Patricia Roberts

    CO-FOUNDER

    Total calculated
    $1,365,883
    From this org
    $1,304,491
    From related orgs
    $0
    Other
    $61,392
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $285,985
    Bonus
    $100,000
    Other
    $918,506
    Deferred
    $42,753
    Nontaxable benefits
    $18,639
    Filer's total
    $1,365,883

  • Albert Chiaradonna

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $669,783
    From this org
    $608,263
    From related orgs
    $0
    Other
    $61,520
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $508,112
    Bonus
    $50,000
    Other
    $50,151
    Deferred
    $40,610
    Nontaxable benefits
    $20,910
    Filer's total
    $669,783

  • Stan Silverman

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Elliot Holtz

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Brian Lobley

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Arthur Berkowitz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Erin Coombs

    BOARD MEMBER (EFF 9/27/24)

    Total calculated
    $0
    Hours/week
    0.5

  • Jennifer Crawford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Donna Decarolis

    BOARD MEMBER (THRU 3/7/25)

    Total calculated
    $0
    Hours/week
    0.5

  • Darryl Ford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • John Glomb Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Liz Greco-Rocks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Patrick Hoyer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Vince Lowry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • John New

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • John Coombs

    BOARD MEMBER (EFF 9/27/24)

    Total calculated
    $0
    Hours/week
    0.5

  • Hans Zandhuis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Stern

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • George Connell

    EMERITUS TRUSTEE (THRU 3/7/25)

    Total calculated
    $0
    Hours/week
    0.5

  • Sid Ghosh

    CHIEF FINANCIAL OFFICER

    Total calculated
    $231,292
    From this org
    $205,884
    From related orgs
    $0
    Other
    $25,408
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,384
    Bonus
    $32,500
    Other
    $0
    Deferred
    $14,581
    Nontaxable benefits
    $10,827
    Filer's total
    $231,292

  • Annette Fallon

    HEAD OF SCHOOL

    Total calculated
    $279,430
    From this org
    $239,587
    From related orgs
    $0
    Other
    $39,843
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,587
    Bonus
    $25,000
    Other
    $0
    Deferred
    $31,272
    Nontaxable benefits
    $8,571
    Filer's total
    $279,430

  • June Heeter

    SENIOR LITERACY ENGAGEMENT SPECIALIST

    Total calculated
    $392,432
    From this org
    $380,282
    From related orgs
    $0
    Other
    $12,150
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $106,937
    Bonus
    $273,345
    Other
    $0
    Deferred
    $4,348
    Nontaxable benefits
    $7,802
    Filer's total
    $392,432

  • Cynthia Hadicke

    HEAD OF CLIENT SUCCESS AND PARTNERSHIPS

    Total calculated
    $262,050
    From this org
    $249,146
    From related orgs
    $0
    Other
    $12,904
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,725
    Bonus
    $116,421
    Other
    $0
    Deferred
    $5,325
    Nontaxable benefits
    $7,579
    Filer's total
    $262,050

  • Emily Keag

    HEAD OF GROWTH AND IMPACT

    Total calculated
    $164,089
    From this org
    $160,241
    From related orgs
    $0
    Other
    $3,848
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $111,250
    Bonus
    $48,991
    Other
    $0
    Deferred
    $3,752
    Nontaxable benefits
    $96
    Filer's total
    $164,089

  • Nicole Ormandy

    HEAD OF RESEARCH AND PRODUCT

    Total calculated
    $170,069
    From this org
    $152,795
    From related orgs
    $0
    Other
    $17,274
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,795
    Bonus
    $29,000
    Other
    $0
    Deferred
    $9,895
    Nontaxable benefits
    $7,379
    Filer's total
    $170,069

  • Shelly Johnston

    SALES DEVELOPMENT SPECIALIST

    Total calculated
    $166,329
    From this org
    $160,176
    From related orgs
    $0
    Other
    $6,153
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $90,772
    Bonus
    $69,404
    Other
    $0
    Deferred
    $6,034
    Nontaxable benefits
    $119
    Filer's total
    $166,329

  • Joy Antonoplos

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $157,445
    From this org
    $142,625
    From related orgs
    $0
    Other
    $14,820
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,625
    Bonus
    $5,000
    Other
    $0
    Deferred
    $5,856
    Nontaxable benefits
    $8,964
    Filer's total
    $157,445

  • Andrew Diprinzio

    HEAD OF UPPER SCHOOL

    Total calculated
    $148,796
    From this org
    $138,000
    From related orgs
    $0
    Other
    $10,796
    Hours/week
    40

  • Chrissy Johnson

    HEAD OF MIDDLE SCHOOL

    Total calculated
    $150,969
    From this org
    $132,589
    From related orgs
    $0
    Other
    $18,380
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,589
    Bonus
    $0
    Other
    $0
    Deferred
    $10,322
    Nontaxable benefits
    $8,058
    Filer's total
    $150,969

  • Megan Gierka

    HEAD OF IMPLEMENTATION

    Total calculated
    $145,653
    From this org
    $131,346
    From related orgs
    $0
    Other
    $14,307
    Hours/week
    40

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 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
AIM ACADEMY HAS A COMPENSATION COMMITTEE WHICH REVIEWS THE FORM 990 OF SIMILAR-SIZED SCHOOLS TO DETERMINE THE REASONABLENESS OF THE CEO'S AND CO-FOUNDERS' COMPENSATION.
PART I, LINE 5
COMMISSIONS ARE PAID BASED ON THE AMOUNT OF REVENUES EACH SALES PERSON IS ABLE TO GENERATE FOR THE SALE OF SEATS FOR TRAINING TEACHERS.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202611359349310021

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.