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Nonprofiteer
← CITY ACADEMY INC

Form 990 for tax year 2024

Filed by CITY ACADEMY INC.

Totals

Total revenue
$13,450,283
Total expenses
$7,374,399
Contributions and grants received
$4,055,360
Grants paid
$11,500
Program service revenue
$1,301,943
Investment income
$8,091,683
Other revenue
$1,297
Total assets, end of year
$79,550,172
Total liabilities, end of year
$23,962
Net assets or fund balances, end of year
$79,526,210
Program services expenses (Part IX)
$5,802,018
Management and general expenses
$970,445
Fundraising expenses
$601,936
Program service expenses (Part III)
$5,802,018

Program services were 78.7% 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

    $168,165

  • 1f · All other contributions, gifts and grants

    $3,887,195

  • 1g · Noncash contributions included above

    $162,408

  • 2a · Program service revenue: TUITION

    total $1,127,907 · related or exempt $1,127,907

  • 2b · Program service revenue: SUMMER SCHOOL AND OTHER PROGRAMS

    total $174,036 · related or exempt $174,036

  • 3 · Investment income

    total $2,171,715 · excluded $2,171,715

  • 7a · Gross sales of assets other than inventory

    securities $21,220,762

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

    securities $15,300,794

  • 7c · Gain or loss

    securities $5,919,968

  • 7d · Net gain or loss

    total $5,919,968 · excluded $5,919,968

  • 8a · Fundraising events: gross income

    $3,100

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

    $168,165

  • 8b · Fundraising events: direct expenses

    $5,835

  • 8c · Net income from fundraising events

    total -$2,735 · excluded -$2,735

  • 11a · Other revenue: OTHER INCOME

    total $4,032 · related or exempt $4,032

  • 11e · Other revenue, total

    $4,032

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $11,500 · program services $11,500

  • 5 · Compensation of officers, directors and key employees

    total $607,029 · program services $176,842 · management and general $221,893 · fundraising $208,294

  • 7 · Other salaries and wages

    total $3,297,718 · program services $2,760,706 · management and general $304,601 · fundraising $232,411

  • 8 · Pension plan contributions

    total $102,993 · program services $94,839 · management and general $4,968 · fundraising $3,186

  • 9 · Other employee benefits

    total $432,785 · program services $368,780 · management and general $39,233 · fundraising $24,772

  • 10 · Payroll taxes

    total $298,531 · program services $228,300 · management and general $38,438 · fundraising $31,793

  • 11b · Fees: legal

    total $19,933 · management and general $19,933

  • 11c · Fees: accounting

    total $33,535 · management and general $33,535

  • 11f · Fees: investment management

    total $62,761 · management and general $62,761

  • 11g · Fees: other

    total $295,833 · program services $186,813 · management and general $69,035 · fundraising $39,985

  • 12 · Advertising and promotion

    total $16,787 · management and general $12,330 · fundraising $4,457

  • 13 · Office expenses

    total $34,438 · program services $14,016 · management and general $15,731 · fundraising $4,691

  • 14 · Information technology

    total $123,532 · program services $102,864 · management and general $20,654 · fundraising $14

  • 16 · Occupancy

    total $176,503 · program services $172,981 · management and general $1,761 · fundraising $1,761

  • 19 · Conferences, conventions and meetings

    total $64,320 · program services $41,709 · management and general $21,153 · fundraising $1,458

  • 22 · Depreciation, depletion and amortization

    total $742,186 · program services $734,764 · management and general $3,711 · fundraising $3,711

  • 23 · Insurance

    total $127,603 · program services $126,401 · management and general $601 · fundraising $601

  • 24a · Other expenses: FOOD

    total $320,197 · program services $310,106 · fundraising $10,091

  • 24b · Other expenses: SUPPLIES

    total $310,742 · program services $250,053 · management and general $51,812 · fundraising $8,877

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $118,054 · program services $115,720 · management and general $1,167 · fundraising $1,167

  • 24d · Other expenses: STUDENT ACTIVITIES

    total $79,352 · program services $79,352

  • 24e · All other expenses

    total $98,067 · program services $26,272 · management and general $47,128 · fundraising $24,667

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,993,371 · end of year $3,936,698

  • 2 · Savings and temporary cash investments

    beginning of year $1,709,025 · end of year $970,532

  • 3 · Pledges and grants receivable

    beginning of year $112,746 · end of year $550,223

  • 4 · Accounts receivable

    beginning of year $60,932 · end of year $75,620

  • 9 · Prepaid expenses and deferred charges

    beginning of year $43,804 · end of year $30,204

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

    $22,755,210

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

    $10,223,871

  • 10c · Land, buildings and equipment, net

    beginning of year $13,255,920 · end of year $12,531,339

  • 11 · Investments: publicly traded securities

    beginning of year $55,713,978 · end of year $60,662,188

  • 15 · Other assets

    beginning of year $1,446,501 · end of year $793,368

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,816 · end of year $14,702

  • 19 · Deferred revenue

    beginning of year $10,128 · end of year $9,260

  • 27 · Net assets without donor restrictions

    beginning of year $29,403,469 · end of year $30,373,765

  • 28 · Net assets with donor restrictions

    beginning of year $44,894,864 · end of year $49,152,445

Mission and programs · 2024

Mission

SEE SCHEDULE O.CITY ACADEMY TRANSFORMS CHILDREN, FAMILIES AND OUR COMMUNITY THROUGH EXCEPTIONAL EDUCATION AND BOLD EXPECTATIONS THAT EMPOWER CHILDREN TO OVERCOME BARRIERS.

Activities or mission (Part I)

CITY ACADEMY TRANSFORMS CHILDREN, FAMILIES, AND OUR COMMUNITY THROUGH EXCEPTIONAL EDUCATION AND BOLD EXPECTATIONS THAT EMPOWER CHILDREN TO OVERCOME BARRIERS.

  • SEE SCHEDULE OCITY ACADEMY WAS FOUNDED ON THE BELIEF THAT FAMILY INCOME SHOULD NOT DETERMINE A CHILD'S ACCESS TO AN EXCEPTIONAL EDUCATION. THE SCHOOL SERVES COMMITTED FAMILIES WHOSE EDUCATIONAL OPPORTUNITIES ARE LIMITED DUE TO ECONOMIC OR GEOGRAPHIC FACTORS. CITY ACADEMY PROVIDES EDUCATIONAL PROGRAMMING TO CHILDREN AGES THREE THROUGH GRADE SIX, AND HAS AN ENROLLMENT OF 236 STUDENTS FOR THE 2024-2025 SCHOOL YEAR. FAMILIES COME FROM 45 ZIP CODES, AND 90% LIVE IN COMMUNITIES WITH UNDERPERFORMING SCHOOLS. THE SCHOOL IS THE ONLY PRIVATE, INDEPENDENT ELEMENTARY SCHOOL IN ST. LOUIS OFFERING SCHOLARSHIP SUPPORT TO 100% OF ITS STUDENTS. CITY ACADEMY FOSTERS A CULTURE OF INTEGRITY, CITIZENSHIP, AND ACADEMIC RIGOR. SMALL CLASSES AND DEDICATED FACULTY PREPARE STUDENTS FOR SECONDARY SCHOOL SUCCESS. GRADUATES CURRENTLY ATTEND CHAMINADE, CROSSROADS, INCARNATE WORD, JOHN BURROUGHS, MICDS, PRIORY, THOMAS JEFFERSON, VILLA, WESTMINSTER, AND WHITFIELD SCHOOL (THE SCHOOL DOES NOT RECOGNIZE "GRANT EXPENSE" FOR THE FINANCIAL AID PROVIDED. PLEASE REFER TO SCHEDULE I SUPPLEMENTAL INFORMATION SECTION "ACCOUNTING POLICY FOR TUITION AID" FOR FURTHER INFORMATION.)

    Expenses $5,802,018 · Grants $11,500 · Revenue $1,305,975

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

Listed in Part VII

  • DON DANFORTH III

    PRESIDENT

    Total calculated
    $126,179
    From this org
    $103,112
    From related orgs
    $0
    Other
    $23,067
    Hours/week
    45

  • AKBERET BOYKIN FARR

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • KERRIGAN KAPLAN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • PETER SWANK

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • GINGER SMITH

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL SMALL

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • HEATHER STRAHORN

    AT-LARGE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE STRAWBRIDGE

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE COHEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANDY COWEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID CRAMER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DON DANFORTH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ALI DESLOGE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • NANCY DIEMER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JIAMIN DIERBERG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HAZEL DONALD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PAMELA FORD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER GAFFORD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAN GERATY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEFF GILES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BOB HARRISON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARTY LYONS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BILL MACON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • VICKI MAY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RENEE MCFADDEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARJORIE MELTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JASON MILLS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHAWN MOORE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SARAH MULLEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHRIS THOMPSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JIMMY WILLIAMS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JARRETT YOUNG

    HEAD OF SCHOOL

    Total calculated
    $200,615
    From this org
    $187,738
    From related orgs
    $0
    Other
    $12,877
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $187,738
    Bonus
    $0
    Other
    $0
    Deferred
    $5,938
    Nontaxable benefits
    $6,939
    Filer's total
    $200,615

  • BRIAN GROSS

    CHIEF FINANCIAL OFFICER

    Total calculated
    $148,312
    From this org
    $134,127
    From related orgs
    $0
    Other
    $14,185
    Hours/week
    45

  • JANICE BAILEY

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $144,633
    From this org
    $127,249
    From related orgs
    $0
    Other
    $17,384
    Hours/week
    45

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

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.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2026
IRS schema version
2024v5.5
Source object
202601339349306110

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