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Nonprofiteer
← EASTBROOK ACADEMY INC

Form 990 for tax year 2022

Filed by EASTBROOK ACADEMY INC.

Totals

Total revenue
$5,092,432
Total expenses
$4,467,388
Contributions and grants received
$1,573,956
Grants paid
$109,309
Program service revenue
$3,387,267
Investment income
$87,260
Other revenue
$43,949
Total assets, end of year
$4,702,632
Total liabilities, end of year
$1,012,779
Net assets or fund balances, end of year
$3,689,853
Program services expenses (Part IX)
$3,702,234
Management and general expenses
$522,015
Fundraising expenses
$243,139
Program service expenses (Part III)
$3,702,234

Program services were 82.9% 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)

    $896,185

  • 1f · All other contributions, gifts and grants

    $677,771

  • 1g · Noncash contributions included above

    $252,585

  • 2a · Program service revenue: TUITION

    total $3,209,269 · related or exempt $3,209,269

  • 2b · Program service revenue: MILK & MEAL PURCHASES

    total $122,243 · related or exempt $122,243

  • 2c · Program service revenue: PROGRAM FEES

    total $55,755 · related or exempt $55,755

  • 3 · Investment income

    total $87,631 · excluded $87,631

  • 7a · Gross sales of assets other than inventory

    securities $630,438

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

    securities $630,809

  • 7c · Gain or loss

    securities -$371

  • 7d · Net gain or loss

    total -$371 · excluded -$371

  • 8a · Fundraising events: gross income

    $40,421

  • 8b · Fundraising events: direct expenses

    $3,674

  • 8c · Net income from fundraising events

    total $36,747 · excluded $36,747

  • 11a · Other revenue: OTHER INCOME

    total $7,202 · related or exempt $7,202

  • 11e · Other revenue, total

    $7,202

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $109,309 · program services $109,309

  • 5 · Compensation of officers, directors and key employees

    total $264,106 · program services $184,875 · management and general $66,026 · fundraising $13,205

  • 7 · Other salaries and wages

    total $1,967,708 · program services $1,581,295 · management and general $326,965 · fundraising $59,448

  • 8 · Pension plan contributions

    total $17,203 · program services $15,311 · management and general $1,720 · fundraising $172

  • 9 · Other employee benefits

    total $288,349 · program services $256,631 · management and general $28,835 · fundraising $2,883

  • 10 · Payroll taxes

    total $161,428 · program services $143,671 · management and general $16,143 · fundraising $1,614

  • 11c · Fees: accounting

    total $58,578 · program services $58,578

  • 11e · Fees: professional fundraising services

    total $135,888 · fundraising $135,888

  • 11f · Fees: investment management

    total $3,828 · management and general $3,828

  • 11g · Fees: other

    total $104,350 · program services $104,350

  • 12 · Advertising and promotion

    total $43,454 · program services $21,292 · fundraising $22,162

  • 13 · Office expenses

    total $52,686 · program services $47,357 · management and general $5,206 · fundraising $123

  • 14 · Information technology

    total $26,293 · program services $24,043 · management and general $2,132 · fundraising $118

  • 16 · Occupancy

    total $562,183 · program services $522,830 · management and general $39,353

  • 17 · Travel

    total $2,635 · program services $2,437 · management and general $168 · fundraising $30

  • 19 · Conferences, conventions and meetings

    total $25,902 · program services $23,312 · management and general $2,590

  • 20 · Interest

    total $410 · fundraising $410

  • 22 · Depreciation, depletion and amortization

    total $92,676 · program services $83,769 · management and general $6,305 · fundraising $2,602

  • 23 · Insurance

    total $45,072 · program services $41,917 · management and general $3,155

  • 24a · Other expenses: SUPPLIES

    total $221,104 · program services $205,627 · management and general $11,055 · fundraising $4,422

  • 24b · Other expenses: STUDENT ACTIVITIES

    total $167,381 · program services $167,381

  • 24c · Other expenses: FOOD SERVICE

    total $108,492 · program services $108,249 · management and general $181 · fundraising $62

  • 24d · Other expenses: BAD DEBT

    total $8,353 · program services $0 · management and general $8,353

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $664,889 · end of year $759,223

  • 2 · Savings and temporary cash investments

    beginning of year $18,092 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $1,401,623 · end of year $275,947

  • 4 · Accounts receivable

    beginning of year $31,263 · end of year $55,494

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,690 · end of year $50,357

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

    $1,117,646

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

    $361,282

  • 10c · Land, buildings and equipment, net

    beginning of year $511,158 · end of year $756,364

  • 11 · Investments: publicly traded securities

    beginning of year $650,287 · end of year $1,890,565

  • 14 · Intangible assets

    end of year $13,012

  • 15 · Other assets

    beginning of year $127,291 · end of year $901,670

  • 17 · Accounts payable and accrued expenses

    beginning of year $359,276 · end of year $535,776

  • 19 · Deferred revenue

    beginning of year $16,330 · end of year $7,030

  • 24 · Unsecured notes and loans payable

    end of year $15,615

  • 25 · Other liabilities

    beginning of year $0 · end of year $454,358

  • 27 · Net assets without donor restrictions

    beginning of year $2,476,995 · end of year $3,540,348

  • 28 · Net assets with donor restrictions

    beginning of year $570,692 · end of year $149,505

Mission and programs · 2022

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 $3,702,234 · Grants $109,309 · Revenue $3,394,469

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • GEORGE LOXTON

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BRYAN BROWNING

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • RANDY MEHL

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • COLIN JACOBS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TAWNYA GANFIELD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARLAINA JACKSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AMY WISTH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GREG MARSHALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILLIE SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL WEITZER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FREDRICK PIERCE

    HEAD OF SCHOOL

    Total calculated
    $81,491
    From this org
    $80,748
    From related orgs
    $0
    Other
    $743
    Hours/week
    40

  • WILLIAM DRULINER

    CO-EXECUTIVE DIRECTOR

    Total calculated
    $109,075
    From this org
    $82,361
    From related orgs
    $0
    Other
    $26,714
    Hours/week
    40

  • KELLIE KOK

    CO-EXECUTIVE DIRECTOR

    Total calculated
    $95,609
    From this org
    $88,856
    From related orgs
    $0
    Other
    $6,753
    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.

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
2022
Filed
23 April 2024
IRS schema version
2022v5.0
Source object
202431359349305903

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