Skip to content
Nonprofiteer
← CITY ACADEMY INC

Form 990 for tax year 2022

Filed by CITY ACADEMY INC.

Totals

Total revenue
$5,378,663
Total expenses
$6,534,100
Contributions and grants received
$2,560,099
Grants paid
$11,000
Program service revenue
$974,298
Investment income
$1,821,586
Other revenue
$22,680
Total assets, end of year
$69,667,200
Total liabilities, end of year
$19,474
Net assets or fund balances, end of year
$69,647,726
Program services expenses (Part IX)
$5,056,187
Management and general expenses
$1,003,641
Fundraising expenses
$474,272
Program service expenses (Part III)
$5,056,187

Program services were 77.4% 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.

  • 1c · Fundraising events

    $77,004

  • 1f · All other contributions, gifts and grants

    $2,483,095

  • 1g · Noncash contributions included above

    $75,610

  • 2a · Program service revenue: TUITION

    total $748,179 · related or exempt $748,179

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

    total $226,119 · related or exempt $226,119

  • 3 · Investment income

    total $2,035,516 · excluded $2,035,516

  • 7a · Gross sales of assets other than inventory

    securities $3,508,100

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

    securities $3,722,030

  • 7c · Gain or loss

    securities -$213,930

  • 7d · Net gain or loss

    total -$213,930 · excluded -$213,930

  • 8a · Fundraising events: gross income

    $5,450

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

    $77,004

  • 8b · Fundraising events: direct expenses

    $4,085

  • 8c · Net income from fundraising events

    total $1,365 · excluded $1,365

  • 11a · Other revenue: OTHER INCOME

    total $21,315 · related or exempt $21,315

  • 11e · Other revenue, total

    $21,315

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $11,000 · program services $11,000

  • 5 · Compensation of officers, directors and key employees

    total $576,144 · program services $168,775 · management and general $196,193 · fundraising $211,176

  • 7 · Other salaries and wages

    total $2,952,886 · program services $2,597,299 · management and general $213,690 · fundraising $141,897

  • 8 · Pension plan contributions

    total $58,341 · program services $58,341

  • 9 · Other employee benefits

    total $273,635 · program services $256,298 · management and general $16,744 · fundraising $593

  • 10 · Payroll taxes

    total $264,445 · program services $210,723 · management and general $29,384 · fundraising $24,338

  • 11b · Fees: legal

    total $40,406 · management and general $40,406

  • 11c · Fees: accounting

    total $38,619 · management and general $38,619

  • 11f · Fees: investment management

    total $53,663 · management and general $53,663

  • 11g · Fees: other

    total $581,435 · program services $274,881 · management and general $270,336 · fundraising $36,218

  • 12 · Advertising and promotion

    total $18,149 · management and general $6,643 · fundraising $11,506

  • 13 · Office expenses

    total $34,888 · program services $29,589 · management and general $1,254 · fundraising $4,045

  • 14 · Information technology

    total $34,086 · program services $33,972 · management and general $57 · fundraising $57

  • 16 · Occupancy

    total $149,548 · program services $146,443 · management and general $1,488 · fundraising $1,617

  • 19 · Conferences, conventions and meetings

    total $30,928 · program services $21,339 · management and general $8,564 · fundraising $1,025

  • 22 · Depreciation, depletion and amortization

    total $662,517 · program services $649,267 · management and general $6,625 · fundraising $6,625

  • 23 · Insurance

    total $93,485 · program services $91,615 · management and general $935 · fundraising $935

  • 24a · Other expenses: FOOD

    total $252,393 · program services $252,277 · management and general $116

  • 24b · Other expenses: SUPPLIES

    total $225,341 · program services $185,371 · management and general $32,792 · fundraising $7,178

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $72,843 · management and general $72,843

  • 24d · Other expenses: STUDENT ACTIVITIES

    total $57,901 · program services $57,725 · fundraising $176

  • 24e · All other expenses

    total $51,447 · program services $11,272 · management and general $13,289 · fundraising $26,886

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $817,017 · end of year $1,893,274

  • 2 · Savings and temporary cash investments

    beginning of year $2,338,591 · end of year $1,181,375

  • 3 · Pledges and grants receivable

    beginning of year $352,923 · end of year $160,705

  • 4 · Accounts receivable

    beginning of year $80,040 · end of year $59,405

  • 9 · Prepaid expenses and deferred charges

    beginning of year $50,509 · end of year $65,640

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

    $22,560,973

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

    $8,616,384

  • 10c · Land, buildings and equipment, net

    beginning of year $14,567,419 · end of year $13,944,589

  • 11 · Investments: publicly traded securities

    beginning of year $48,348,386 · end of year $50,915,711

  • 15 · Other assets

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

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,983 · end of year $11,346

  • 19 · Deferred revenue

    beginning of year $10,828 · end of year $8,128

  • 27 · Net assets without donor restrictions

    beginning of year $29,514,088 · end of year $28,907,373

  • 28 · Net assets with donor restrictions

    beginning of year $38,435,487 · end of year $40,740,353

Mission and programs · 2022

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 SHOULDNOT DETERMINE A CHILD'S ACCESS TO AN EXCEPTIONAL EDUCATION. THESCHOOL SERVES COMMITTED FAMILIES WHOSE EDUCATIONAL OPPORTUNITIESARE LIMITED DUE TO ECONOMIC OR GEOGRAPHIC FACTORS. CITY ACADEMYPROVIDES EDUCATIONAL PROGRAMMING TO CHILDREN AGES THREE THROUGHGRADE SIX, AND HAS AN ENROLLMENT OF 214 STUDENTS FOR THE 2022-2023SCHOOL YEAR. FAMILIES COME FROM 40 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 "GRANTEXPENSE" FOR THE FINANCIAL AID PROVIDED. PLEASE REFER TO SCHEDULEI SUPPLEMENTAL INFORMATION SECTION "ACCOUNTING POLICY FOR TUITION AID" FOR FURTHER INFORMATION.)

    Expenses $5,056,187 · Grants $11,000 · Revenue $995,613

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

Listed in Part VII

  • DON DANFORTH III

    PRESIDENT

    Total calculated
    $121,676
    From this org
    $101,998
    From related orgs
    $0
    Other
    $19,678
    Hours/week
    45

  • STUART CAMPBELL

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • MICHELLE STRAWBRIDGE

    FIRST VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • HOLLY JAMES

    SECOND VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BECKY YOUNG

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JULIE LILLY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • AKBERET BOYKIN FARR

    AT-LARGE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN RIFFLE

    AT-LARGE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JULIE BAUR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID CRAMER

    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

  • KATHLEEN HALL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BOB HARRISON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHIP HIEMENZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KRISTEN HOLTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KERRIGAN KAPLAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARTY LYONS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • VICKI MAY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MILTON MITCHELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RUTH MOULTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RICK MURRAY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVE OTT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GINGER SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HEATHER STRAHORN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PETER SWANK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHRIS THOMPSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JARRETT YOUNG

    HEAD OF SCHOOL (AS OF 7/22)

    Total calculated
    $76,345
    From this org
    $73,322
    From related orgs
    $0
    Other
    $3,023
    Hours/week
    45

  • JANICE BAILEY

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $133,205
    From this org
    $118,454
    From related orgs
    $0
    Other
    $14,751
    Hours/week
    45

  • BRIAN GROSS

    CHIEF FINANCIAL OFFICER

    Total calculated
    $138,008
    From this org
    $124,453
    From related orgs
    $0
    Other
    $13,555
    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.

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
2022
Filed
22 April 2024
IRS schema version
2022v5.0
Source object
202401149349301775

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.