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Nonprofiteer
← THE PEPIN ACADEMIES INC

Form 990 for tax year 2023

Filed by THE PEPIN ACADEMIES INC.

Totals

Total revenue
$14,760,680
Total expenses
$16,236,949
Contributions and grants received
$1,839,486
Grants paid
$0
Program service revenue
$11,867,782
Investment income
$158,988
Other revenue
$894,424
Total assets, end of year
$27,462,780
Total liabilities, end of year
$26,428,053
Net assets or fund balances, end of year
$1,034,727
Program services expenses (Part IX)
$9,685,400
Management and general expenses
$6,551,549
Fundraising expenses
$0
Program service expenses (Part III)
$9,685,400

Program services were 59.7% 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.

  • 1d · Related organizations

    $60,995

  • 1e · Government grants (contributions)

    $1,613,683

  • 1f · All other contributions, gifts and grants

    $164,808

  • 2a · Program service revenue: STATE/LOCAL EDUCATIONAL FUND

    total $11,555,230 · related or exempt $11,555,230

  • 2b · Program service revenue: CHILD CARE

    total $150,447 · related or exempt $150,447

  • 2c · Program service revenue: ATHLETICS

    total $142,126 · related or exempt $142,126

  • 2d · Program service revenue: FOOD SERVICE/STUDENT LUNCHES

    total $19,979 · related or exempt $19,979

  • 3 · Investment income

    total $158,988 · related or exempt $158,988

  • 6a · Gross rents

    real property $894,424

  • 6c · Rental income or loss

    real property $894,424

  • 6d · Net rental income or loss

    total $894,424 · unrelated business $894,424

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $519,836 · management and general $519,836

  • 7 · Other salaries and wages

    total $8,345,273 · program services $7,008,952 · management and general $1,336,321

  • 8 · Pension plan contributions

    total $131,928 · program services $84,642 · management and general $47,286

  • 9 · Other employee benefits

    total $942,012 · program services $770,604 · management and general $171,408

  • 10 · Payroll taxes

    total $695,951 · program services $523,579 · management and general $172,372

  • 11c · Fees: accounting

    total $126,454 · management and general $126,454

  • 12 · Advertising and promotion

    total $73,853 · management and general $73,853

  • 13 · Office expenses

    total $14,289 · management and general $14,289

  • 17 · Travel

    total $16,469 · management and general $16,469

  • 20 · Interest

    total $1,358,294 · management and general $1,358,294

  • 22 · Depreciation, depletion and amortization

    total $1,070,606 · program services $726,886 · management and general $343,720

  • 23 · Insurance

    total $439,412 · management and general $439,412

  • 24a · Other expenses: PLANT OPERATION

    total $1,186,911 · management and general $1,186,911

  • 24b · Other expenses: GENERAL ADMINISTRATION

    total $744,924 · management and general $744,924

  • 24c · Other expenses: INSTRUCTIONAL

    total $455,022 · program services $455,022

  • 24d · Other expenses: PUPIL PERSONAL

    total $115,715 · program services $115,715

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,446,028 · end of year $1,647,222

  • 2 · Savings and temporary cash investments

    beginning of year $2,807,269 · end of year $2,961,489

  • 4 · Accounts receivable

    beginning of year $618,521 · end of year $287,162

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,246 · end of year $44,907

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

    $28,632,753

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

    $7,769,338

  • 10c · Land, buildings and equipment, net

    beginning of year $21,456,430 · end of year $20,863,415

  • 14 · Intangible assets

    beginning of year $79,219 · end of year $54,748

  • 15 · Other assets

    beginning of year $1,240,523 · end of year $1,603,837

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,110,350 · end of year $964,689

  • 19 · Deferred revenue

    beginning of year $18,651 · end of year $14,203

  • 20 · Tax-exempt bond liabilities

    beginning of year $24,037,184 · end of year $23,829,403

  • 25 · Other liabilities

    beginning of year $1,010,055 · end of year $1,619,758

  • 27 · Net assets without donor restrictions

    beginning of year $2,189,722 · end of year $988,371

  • 28 · Net assets with donor restrictions

    beginning of year $321,274 · end of year $46,356

Mission and programs · 2023

Mission

TO EMPOWER STUDENTS WITH LEARNING AND LEARNING-RELATED DISABILITIES TO REACH THEIR FULL POTENTIAL BY PROVIDING A HIGH QUALITY EDUCATION IN A STIMULATING LOW-THREAT ENVIRONMENT WITH A VARIETY OF SERVICES.

Activities or mission (Part I)

TO EMPOWER STUDENTS WITH LEARNING AND LEARNING-RELATED DISABILITIES TO REACH THEIR FULL POTENTIAL BY PROVIDING A HIGH-QUALITY EDUCATION IN A STIMULATING, LOW-THREAT LEARNING ENVIRONMENT.

  • TO EMPOWER LEARNING AND LEARNING RELATED DISABILITY STUDENTS TO REACH THEIR FULL POTENTIAL THROUGH A HIGH QUALITY EDUCATION IN A LOW-THREAT LEARNING ENVIRONMENT THROUGH A VARIETY OF SERVICES.

    Expenses $9,685,400 · Revenue $11,867,782

As filed on the 2023 return.

Listed in Part VII

  • Jeff Skowronek

    EXECUTIVE DI

    Total calculated
    $194,286
    From this org
    $141,777
    From related orgs
    $52,509
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,777 + $52,509 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $141,777 + $52,509 related

  • Monika Perez

    COO

    Total calculated
    $129,125
    From this org
    $90,271
    From related orgs
    $33,433
    Other
    $5,421
    Hours/week
    40

  • Charles Burke

    CFO

    Total calculated
    $123,522
    From this org
    $86,270
    From related orgs
    $31,951
    Other
    $5,301
    Hours/week
    40

  • Geri Henry

    PRINCIPAL RI

    Total calculated
    $111,231
    From this org
    $105,357
    From related orgs
    $0
    Other
    $5,874
    Hours/week
    40

  • Jennifer Messerschmit

    PRINCIPAL TA

    Total calculated
    $101,759
    From this org
    $96,161
    From related orgs
    $0
    Other
    $5,598
    Hours/week
    40

  • Eric Adams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Thomas Banks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Eric Deraspe

    VICE CHAIR,

    Total calculated
    $0
    Hours/week
    1

  • Linda Maglionico

    BOSRD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Scott Strepina

    BOARD CHAIR

    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. 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.

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
8 May 2025
IRS schema version
2023v6.0
Source object
202541339349300724

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