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Nonprofiteer
← DAYTON EARLY COLLEGE ACADEMY INC

Form 990 for tax year 2023

Filed by DAYTON EARLY COLLEGE ACADEMY INC.

Totals

Total revenue
$9,150,836
Total expenses
$4,420,500
Contributions and grants received
$5,480,104
Grants paid
$0
Program service revenue
$3,323,640
Investment income
$281,645
Other revenue
$65,447
Total assets, end of year
$18,811,744
Total liabilities, end of year
$4,631,429
Net assets or fund balances, end of year
$14,180,315
Program services expenses (Part IX)
$3,928,285
Management and general expenses
$492,215
Fundraising expenses
$0
Program service expenses (Part III)
$3,928,285

Program services were 88.9% 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)

    $2,975,240

  • 1f · All other contributions, gifts and grants

    $2,504,864

  • 2a · Program service revenue: STATE FOUNDATION

    total $3,323,640 · related or exempt $3,323,640

  • 3 · Investment income

    total $281,645 · excluded $281,645

  • 11a · Other revenue: OTHER REVENUE

    total $65,447 · related or exempt $65,447

  • 11e · Other revenue, total

    $65,447

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $37,000 · program services $37,000

  • 7 · Other salaries and wages

    total $2,603,810 · program services $2,603,810

  • 8 · Pension plan contributions

    total $297,041 · program services $297,041

  • 9 · Other employee benefits

    total $597 · program services $597

  • 11g · Fees: other

    total $438,275 · program services $438,275

  • 14 · Information technology

    total $9,477 · program services $9,477

  • 20 · Interest

    total $11,630 · management and general $11,630

  • 22 · Depreciation, depletion and amortization

    total $480,585 · management and general $480,585

  • 24a · Other expenses: OTHER OPERATING EXPENSE

    total $387,630 · program services $387,630

  • 24b · Other expenses: MATERIALS AND SUPPLIES

    total $154,455 · program services $154,455

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,515,835 · end of year $2,409,032

  • 2 · Savings and temporary cash investments

    end of year $4,102,788

  • 3 · Pledges and grants receivable

    beginning of year $170,508 · end of year $1,023,140

  • 4 · Accounts receivable

    end of year $20,389

  • 9 · Prepaid expenses and deferred charges

    beginning of year $968,518 · end of year $795,493

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

    $8,009,470

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

    $797,002

  • 10c · Land, buildings and equipment, net

    beginning of year $7,171,737 · end of year $7,212,468

  • 14 · Intangible assets

    beginning of year $433,166 · end of year $169,265

  • 15 · Other assets

    beginning of year $634,404 · end of year $3,079,169

  • 17 · Accounts payable and accrued expenses

    beginning of year $93,625 · end of year $311,870

  • 19 · Deferred revenue

    beginning of year $906,059 · end of year $588,295

  • 25 · Other liabilities

    beginning of year $4,444,505 · end of year $3,731,264

  • 27 · Net assets without donor restrictions

    beginning of year $9,449,979 · end of year $12,779,564

  • 28 · Net assets with donor restrictions

    end of year $1,400,751

Mission and programs · 2023

Mission

TO MAXIMIZE EACH HIGH SCHOOL STUDENT'S UNIQUE POTENTIAL THROUGH A PERSONALIZED, ACCELERATED ACADEMIC PROGRAM.

  • TO PROVIDE HELP TO STUDENTS IN URBAN PUBLIC SCHOOLS, PARTICULARY THOSE UNDERREPRESENTED IN HIGHER EDUCATION, TO EXPLORE THEIR PERSONAL AND INTELLECTUAL POTENTIAL, ACHIEVE ACADEMIC SUCCESS, AND MAKE A SEAMLESS TRANSITION FROM HIGH SCHOOL TO COLLEGE.

    Expenses $3,928,285 · Revenue $3,389,087

As filed on the 2023 return.

Listed in Part VII

  • Michael McQuiston

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Michael E Carter

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jacquelin Phillips

    BOARD MEMBER AND PARENT REP

    Total calculated
    $0
    Hours/week
    1

  • Matthew O Diggs Jr

    BOARD MEMBER EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • Thomas Whelley II

    BOARD MEMBER EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • Thomas Bettcher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Judy Hennessey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kevin Scroggins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Vanessa Ward

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Vincent Russo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Edgar Purvis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kasandra Maxwell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alonzo Patterson III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steven Hinshaw

    CFO

    Total calculated
    $170,100
    From this org
    $37,000
    From related orgs
    $133,100
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $37,000 + $133,100 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $37,000 + $133,100 related

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

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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
9 May 2025
IRS schema version
2023v6.0
Source object
202511329349306221

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