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Nonprofiteer
← EDUCATOR ACADEMY INC

Form 990 for tax year 2024

Filed by EDUCATOR ACADEMY INC.

Totals

Total revenue
$2,701,057
Total expenses
$3,863,831
Contributions and grants received
$2,023,501
Grants paid
$108,495
Program service revenue
$456,068
Investment income
$215,659
Other revenue
$5,829
Total assets, end of year
$7,098,544
Total liabilities, end of year
$376,586
Net assets or fund balances, end of year
$6,721,958
Program services expenses (Part IX)
$2,812,898
Management and general expenses
$716,468
Fundraising expenses
$334,465
Program service expenses (Part III)
$2,812,898

Program services were 72.8% 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)

    $487,038

  • 1f · All other contributions, gifts and grants

    $1,536,463

  • 2a · Program service revenue: DISTRICT FEES

    total $456,068 · related or exempt $456,068

  • 3 · Investment income

    total $163,563 · excluded $163,563

  • 7a · Gross sales of assets other than inventory

    securities $3,228,572

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

    securities $3,176,476

  • 7c · Gain or loss

    securities $52,096

  • 7d · Net gain or loss

    total $52,096 · excluded $52,096

  • 11d · All other revenue

    total $5,829 · excluded $5,829

  • 11e · Other revenue, total

    $5,829

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $108,495 · program services $108,495

  • 5 · Compensation of officers, directors and key employees

    total $154,356 · program services $61,743 · management and general $30,871 · fundraising $61,742

  • 7 · Other salaries and wages

    total $2,012,587 · program services $1,621,560 · management and general $225,806 · fundraising $165,221

  • 8 · Pension plan contributions

    total $42,958 · program services $32,172 · management and general $6,096 · fundraising $4,690

  • 9 · Other employee benefits

    total $213,725 · program services $175,692 · management and general $20,355 · fundraising $17,678

  • 10 · Payroll taxes

    total $166,096 · program services $130,227 · management and general $19,078 · fundraising $16,791

  • 11b · Fees: legal

    total $50,999 · management and general $50,999

  • 11c · Fees: accounting

    total $239,070 · management and general $239,070

  • 11f · Fees: investment management

    total $21,247 · management and general $21,247

  • 11g · Fees: other

    total $166,814 · program services $136,469 · management and general $30,345

  • 12 · Advertising and promotion

    total $34,379 · program services $29,970 · fundraising $4,409

  • 13 · Office expenses

    total $32,018 · program services $23,248 · management and general $4,663 · fundraising $4,107

  • 14 · Information technology

    total $114,946 · program services $83,461 · management and general $16,742 · fundraising $14,743

  • 16 · Occupancy

    total $151,746 · program services $110,181 · management and general $22,102 · fundraising $19,463

  • 17 · Travel

    total $56,230 · program services $40,831 · management and general $8,189 · fundraising $7,210

  • 19 · Conferences, conventions and meetings

    total $127,827 · program services $92,813 · management and general $18,618 · fundraising $16,396

  • 22 · Depreciation, depletion and amortization

    total $982 · program services $713 · management and general $143 · fundraising $126

  • 23 · Insurance

    total $14,724 · program services $10,691 · management and general $2,144 · fundraising $1,889

  • 24a · Other expenses: FACULTY & CURRICULUM

    total $154,632 · program services $154,632

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,276,707 · end of year $1,018,054

  • 2 · Savings and temporary cash investments

    beginning of year $494,728 · end of year $29,294

  • 3 · Pledges and grants receivable

    beginning of year $454,392 · end of year $167,500

  • 4 · Accounts receivable

    beginning of year $68,456 · end of year $388

  • 9 · Prepaid expenses and deferred charges

    beginning of year $97,559 · end of year $60,723

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

    $25,914

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

    $25,073

  • 10c · Land, buildings and equipment, net

    beginning of year $1,823 · end of year $841

  • 11 · Investments: publicly traded securities

    beginning of year $5,301,592 · end of year $5,527,549

  • 15 · Other assets

    beginning of year $405,120 · end of year $294,195

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,197 · end of year $57,990

  • 19 · Deferred revenue

    beginning of year $105,052 · end of year $74,431

  • 25 · Other liabilities

    beginning of year $358,292 · end of year $244,165

  • 27 · Net assets without donor restrictions

    beginning of year $7,196,376 · end of year $6,330,859

  • 28 · Net assets with donor restrictions

    beginning of year $401,460 · end of year $391,099

Mission and programs · 2024

Mission

WE RECRUIT, CULTIVATE, SUPPORT, AND RETAIN A DIVERSE NETWORK OF EMPOWERED AND EFFECTIVE EDUCATORS. WE PREPARE TEACHERS TO CREATE TRANSFORMATIVE AND EQUITABLE CLASSROOM EXPERIENCES FOR ALL STUDENTS IN THE COMMUNITIES WE SERVE.

Activities or mission (Part I)

WE RECRUIT, DEVELOP, PLACE, AND RETAIN EDUCATORS WORKING IN KC AREA SCHOOLS.

  • THE EDUCATOR ACADEMY RECRUITS, PREPARES, PLACES, AND RETAINS PASSIONATE INDIVIDUALS TO JOIN THE TEACHING PROFESSION. WE STRIVE TO DEVELOP THESE TEACHERS INTO EFFECTIVE, COMPASSIONATE, AND ANTIRACIST EDUCATORS WHO WORK TO ENSURE KIDS RECEIVE A QUALITY EDUCATION. WE DO THIS THROUGH A TEACHER RESIDENCY MODEL, WHICH ALLOWS RESIDENTS TO HONE THEIR TEACHING SKILLS BY SERVING AS AMERICORPS MEMBERS IN MENTOR TEACHERS' CLASSROOMS FOR A FULL SCHOOL YEAR. RESIDENTS EARN THEIR TEACHING CERTIFICATION, RECEIVE INSTRUCTIONAL COACHING, ENGAGE IN COURSEWORK, AND PARTICIPATE IN AND BENEFIT FROM THEIR AMERICORPS MEMBERSHIP. THIS RIGOROUS DEVELOPMENT MODEL HELPS OUR RESIDENT TEACHERS BECOME THE EDUCATORS THE STUDENTS OF KANSAS CITY DESERVE. (CONTINUED ON SCHEDULE O) IN ADDITION TO OUR TEACHER RESIDENCY PROGRAM, WE PREPARE TEACHERS THROUGH A FELLOWSHIP MODEL AS WELL. THROUGH THIS PROGRAM, WE TAKE INDIVIDUALS WITH SIGNIFICANT EXPERIENCE IN CLASSROOMS AND PROVIDE TRAINING AND DEVELOPMENT NECESSARY FOR TEACHER CERTIFICATION. WE LEVERAGE BEST PRACTICES THAT WE HAVE EMPLOYED SINCE INCEPTION FOR TEACHER PREPARATION SUCH AS INSTRUCTIONAL COACHING AND RIGOROUS COURSEWORK WITHIN A COHORT MODEL. THIS STRONG DEVELOPMENT PROGRAM HELPS OUR FELLOWS BECOME THE EDUCATORS THE STUDENTS OF KANSAS CITY DESERVE.

    Expenses $2,812,898 · Grants $108,495 · Revenue $456,068

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

Listed in Part VII

  • MICHAEL ROANE

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • SARAH ANDERSON

    TREASURER (TERM START 12/2024)

    Total calculated
    $0
    Hours/week
    2

  • JULIE PINE

    SECRETARY (TERM END 06/2025)

    Total calculated
    $0
    Hours/week
    2

  • JAVEN BETTS

    DIRECTOR (TERM START 03/2025)

    Total calculated
    $0
    Hours/week
    1

  • DEAN JOHNSON

    DIRECTOR (TERM START 03/2025)

    Total calculated
    $0
    Hours/week
    1

  • RENEE LAWRENCE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NATALIE LEWIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDREA LOPEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JESSICA OLMEDO

    DIRECTOR (TERM START 09/2024)

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL RALPH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHASE BARNES

    DIRECTOR (TERM END 03/2025)

    Total calculated
    $0
    Hours/week
    1

  • JAMIE RICE

    TREASURER (TERM END 12/2024)

    Total calculated
    $0
    Hours/week
    2

  • CHARLES KING

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $138,979
    From this org
    $128,402
    From related orgs
    $0
    Other
    $10,577
    Hours/week
    40

  • CHARLES CORDT

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $114,828
    From this org
    $105,075
    From related orgs
    $0
    Other
    $9,753
    Hours/week
    40

  • BETH BENKERT

    CHIEF OPERATING OFFICER

    Total calculated
    $122,541
    From this org
    $111,799
    From related orgs
    $0
    Other
    $10,742
    Hours/week
    40

  • LESLIE MCTIGHE

    CHIEF PROGRAM OFFICER

    Total calculated
    $117,415
    From this org
    $106,683
    From related orgs
    $0
    Other
    $10,732
    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.

Provenance

Return type
form_990
Tax year
2024
Filed
27 March 2026
IRS schema version
2024v5.5
Source object
202610919349300426

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