EDUCATOR ACADEMY INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- EDUCATOR ACADEMY INC (EIN 47-5135488)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-04-24
- IRS object ID
- 202521149349302007
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-04-24T14:55:50-05:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 341874260 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CBIZ ADVISORS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 WEST 47TH STREET SUITE 1100 | AddressLine1Txt |
| City | KANSAS CITY | CityNm |
| State Abbreviation | MO | StateAbbreviationCd |
| ZIP | 64112 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 475135488 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE EDUCATOR ACADEMY INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | EDUC | BusinessNameControlTxt |
| Phone | 8162985660 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1712 MAIN ST 200 | AddressLine1Txt |
| City | KANSAS CITY | CityNm |
| State Abbreviation | MO | StateAbbreviationCd |
| ZIP | 64108 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHARLES KING | PersonNm |
| Person Title | CHIEF EXECUTIVE OFFICER | PersonTitleTxt |
| Phone | 8162985660 | PhoneNum |
| Signature | 2025-04-24 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LISA BURKE | PreparerPersonNm |
| PTIN | P00220718 | PTIN |
| Phone | 8169455500 | PhoneNum |
| Preparation | 2025-04-24 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | CHARLES KING | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1712 MAIN ST 200 | AddressLine1Txt |
| City | KANSAS CITY | CityNm |
| State Abbreviation | MO | StateAbbreviationCd |
| ZIP | 64108 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $5,793,488 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | EDUCATOR-ACADEMY.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2015 | FormationYr |
| Legal Domicile State | MO | LegalDomicileStateCd |
| Activity Or Mission | WE RECRUIT, DEVELOP, PLACE, AND RETAIN EDUCATORS WORKING IN KC AREA SCHOOLS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 62 | TotalEmployeeCnt |
| Total Volunteers | 18 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $8,826,785 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,807,378 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $510,056 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $276,452 | CYProgramServiceRevenueAmt |
| PY Investment Income | $84,801 | PYInvestmentIncomeAmt |
| CY Investment Income | $237,591 | CYInvestmentIncomeAmt |
| PY Other Revenue | $51,770 | PYOtherRevenueAmt |
| CY Other Revenue | $2,308 | CYOtherRevenueAmt |
| PY Total Revenue | $9,473,412 | PYTotalRevenueAmt |
| CY Total Revenue | $3,323,729 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $165,521 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $100,463 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,623,620 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,212,948 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $193,892 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,021,636 | PYOtherExpensesAmt |
| CY Other Expenses | $928,596 | CYOtherExpensesAmt |
| PY Total Expenses | $3,810,777 | PYTotalExpensesAmt |
| CY Total Expenses | $3,242,007 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $5,662,635 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $81,722 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $8,012,710 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,100,377 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $569,459 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $502,541 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $7,443,251 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $7,597,836 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| 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. | MissionDesc |
| Significant New Program Srvc | Yes (1) | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $2,759,332 | ExpenseAmt |
| Grant | $100,463 | GrantAmt |
| Revenue | $276,452 | RevenueAmt |
| Desc | 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. | Desc |
| Total Program Service Expenses | $2,759,332 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 63 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 62 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 8 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MO | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHARLES KING CHIEF EXECUTIVE OFFIC | PersonNm |
| Phone | 8162985660 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1712 MAIN ST STE 200 | AddressLine1Txt |
| City | KANSAS CITY | CityNm |
| State Abbreviation | MO | StateAbbreviationCd |
| ZIP | 64108 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| MICHAEL ROANE | |||||||
| CHAIRMAN | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JAMIE RICE | |||||||
| TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JULIE PINE | |||||||
| SECRETARY | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| CHASE BARNES | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RENEE LAWRENCE | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| NATALIE LEWIS | |||||||
| DIRECTOR (TERM START 12/2023) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ANDREA LOPEZ | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL RALPH | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CHARLES KING | |||||||
| CHIEF EXECUTIVE OFFICER | 40.00 | Yes (X) | $121,581 | $0 | $20,843 | ||
| CHARLES CORDT | |||||||
| DIRECTOR OF DEVELOPMENT | 40.00 | $100,615 | $0 | $8,420 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $222,196 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $29,263 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $416,418 | GovernmentGrantsAmt |
| All Other Contributions | $2,390,960 | AllOtherContributionsAmt |
| Total Contributions | $2,807,378 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DISTRICT FEES | Desc |
| Business | 611430 | BusinessCd |
| Total Revenue Column | $276,452 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $276,452 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $276,452 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $233,924 | TotalRevenueColumnAmt |
| Exclusion | $233,924 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,473,426 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,469,759 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,667 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,667 | TotalRevenueColumnAmt |
| Exclusion | $3,667 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,308 | TotalRevenueColumnAmt |
| Exclusion | $2,308 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $2,308 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,323,729 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $276,452 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $239,899 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $100,463 | TotalAmt |
| Program Services | $100,463 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $147,537 | TotalAmt |
| Program Services | $59,014 | ProgramServicesAmt |
| Management And General | $29,508 | ManagementAndGeneralAmt |
| Fundraising | $59,015 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,740,375 | TotalAmt |
| Program Services | $1,627,012 | ProgramServicesAmt |
| Management And General | $41,999 | ManagementAndGeneralAmt |
| Fundraising | $71,364 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,742 | TotalAmt |
| Program Services | $23,858 | ProgramServicesAmt |
| Management And General | $704 | ManagementAndGeneralAmt |
| Fundraising | $1,180 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $158,548 | TotalAmt |
| Program Services | $145,509 | ProgramServicesAmt |
| Management And General | $4,722 | ManagementAndGeneralAmt |
| Fundraising | $8,317 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $140,746 | TotalAmt |
| Program Services | $126,160 | ProgramServicesAmt |
| Management And General | $5,176 | ManagementAndGeneralAmt |
| Fundraising | $9,410 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,891 | TotalAmt |
| Management And General | $30,891 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $136,570 | TotalAmt |
| Management And General | $136,570 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,742 | TotalAmt |
| Management And General | $6,742 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $98,522 | TotalAmt |
| Program Services | $89,041 | ProgramServicesAmt |
| Management And General | $9,481 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,257 | TotalAmt |
| Program Services | $52,676 | ProgramServicesAmt |
| Fundraising | $4,581 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,605 | TotalAmt |
| Program Services | $30,754 | ProgramServicesAmt |
| Management And General | $2,351 | ManagementAndGeneralAmt |
| Fundraising | $2,500 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $96,317 | TotalAmt |
| Program Services | $84,374 | ProgramServicesAmt |
| Management And General | $4,238 | ManagementAndGeneralAmt |
| Fundraising | $7,705 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $149,511 | TotalAmt |
| Program Services | $130,972 | ProgramServicesAmt |
| Management And General | $6,579 | ManagementAndGeneralAmt |
| Fundraising | $11,960 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $51,576 | TotalAmt |
| Program Services | $45,181 | ProgramServicesAmt |
| Management And General | $2,269 | ManagementAndGeneralAmt |
| Fundraising | $4,126 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $154,267 | TotalAmt |
| Program Services | $135,138 | ProgramServicesAmt |
| Management And General | $6,788 | ManagementAndGeneralAmt |
| Fundraising | $12,341 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $983 | TotalAmt |
| Program Services | $861 | ProgramServicesAmt |
| Management And General | $43 | ManagementAndGeneralAmt |
| Fundraising | $79 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,418 | TotalAmt |
| Program Services | $14,382 | ProgramServicesAmt |
| Management And General | $722 | ManagementAndGeneralAmt |
| Fundraising | $1,314 | FundraisingAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FACULTY & CURRICULUM | Desc |
| Total | $93,937 | TotalAmt |
| Program Services | $93,937 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,242,007 | TotalAmt |
| Program Services | $2,759,332 | ProgramServicesAmt |
| Management And General | $288,783 | ManagementAndGeneralAmt |
| Fundraising | $193,892 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,307,074 | BOYAmt |
| EOY | $1,276,707 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,401,029 | BOYAmt |
| EOY | $494,728 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $567,543 | BOYAmt |
| EOY | $454,392 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $137,620 | BOYAmt |
| EOY | $68,456 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $79,005 | BOYAmt |
| EOY | $97,559 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $25,914 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $24,091 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,806 | BOYAmt |
| EOY | $1,823 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $5,301,592 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $517,633 | BOYAmt |
| EOY | $405,120 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,012,710 | BOYAmt |
| EOY | $8,100,377 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,617 | BOYAmt |
| EOY | $39,197 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,184 | BOYAmt |
| EOY | $105,052 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $468,658 | BOYAmt |
| EOY | $358,292 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $569,459 | BOYAmt |
| EOY | $502,541 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,893,281 | BOYAmt |
| EOY | $7,196,376 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $549,970 | BOYAmt |
| EOY | $401,460 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,443,251 | BOYAmt |
| EOY | $7,597,836 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,012,710 | BOYAmt |
| EOY | $8,100,377 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $81,722 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $72,863 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,436,925 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,723,939 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,469,009 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,826,785 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,807,378 | CurrentTaxYearAmt |
| Total | $20,264,036 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,436,925 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,723,939 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,469,009 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,826,785 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,807,378 | CurrentTaxYearAmt |
| Total | $20,264,036 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $3,959,496 | SubstantialContributorsTotAmt |
| Public Support Total170 | $16,304,540 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $77 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $651 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $615 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $132,456 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $233,924 | CurrentTaxYearAmt |
| Total | $367,723 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $374 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $17,659 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,854 | CurrentTaxYearMinus2YearsAmt |
| Total | $21,887 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $20,653,646 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $2,427,477 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.78940 | PublicSupportCY170Pct |
| Public Support PY170 | 0.69610 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $16,086 | OtherCostOrOtherBasisAmt |
| Depreciation | $16,086 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,828 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,005 | DepreciationAmt |
| Book Value | $1,823 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,823 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| RIGHT OF USE ASSETS | $348,420 |
| SECURITY DEPOSITS | $56,700 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $405,120 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LEASE LIABILITY | Desc |
| Amt | $358,292 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $358,292 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $3,389,850 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $72,863 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $72,863 | RevenueNotReportedAmt |
| Revenue Subtotal | $3,316,987 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $6,742 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $6,742 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $3,323,729 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,235,265 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,235,265 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $6,742 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $6,742 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $3,242,007 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND EXEMPT FROM STATE INCOME TAXES UNDER THE LAWS OF THE STATE OF MISSOURI. THE ORGANIZATION HAS ADOPTED THE STANDARDS REQUIRING DISCLOSURE OF UNCERTAIN TAX POSITIONS UNDER ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, "INCOME TAXES." THERE HAS NOT BEEN ANY INTEREST OR PENALTIES RECOGNIZED EITHER IN THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS OR IN THE STATEMENTS OF FINANCIAL POSITION RELATED TO UNCERTAIN TAX POSITIONS. IN ADDITION, THE ORGANIZATION DID NOT IDENTIFY ANY MATERIAL UNCERTAIN TAX POSITIONS AT JUNE 30, 2024 OR 2023. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (3 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|
| BLACK EDUCATOR INITIATIVE SUPPORT PAYMENTS | 32 | $12,475 | $0 | N/A | N/A |
| LICENSING, CERTIFICATION, AND OTHER RESIDENT EXPENSES | 32 | $15,563 | $0 | N/A | N/A |
| SCHOLARSHIPS | 13 | $72,425 | $0 | N/A | N/A |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE EDUCATOR ACADEMY (EA) RECEIVES FUNDING FROM THE NATIONAL CENTER FOR TEACHER RESIDENCIES (NCTR) TO EXPAND AND IMPROVE ITS EFFORTS TO RECRUIT AND DEVELOP BLACK TEACHERS FOR PARTNER SCHOOL DISTRICTS AND CHARTER MANAGEMENT ORGANIZATIONS. THE AWARD COMES THROUGH NCTR'S BLACK EDUCATORS INITIATIVE, A FIVE-YEAR, $20-MILLION EFFORT TO RECRUIT AND TRAIN 750 NEW BLACK TEACHERS THROUGH NCTR'S NATIONWIDE NETWORK OF TEACHER RESIDENCY PROGRAMS. EA WAS ONE OF EIGHT RESIDENCIES CHOSEN TO HELP LAUNCH NCTR'S BLACK EDUCATORS INITIATIVE. THIS GRANT WILL ALLOW EA TO ENHANCE ITS RECRUITMENT OF FUTURE BLACK EDUCATORS. IT WILL ALSO PROVIDE SCHOLARSHIPS TOWARDS A MASTER'S DEGREE, EMERGENCY FUNDING, TEACHER CERTIFICATION TEST PREP, AND CERTIFICATION TESTING FEES FOR BLACK EDUCATORS IN THE RESIDENCY PROGRAM. GRANTS ARE PAID TO A THIRD PARTY ON BEHALF OF THE GRANTEES. EA REQUIRES SUBMISSION OF RECEIPTS/INVOICES FROM THE VENDOR. ADDITIONALLY, AN APPLICATION STATING THE NEED AND AMOUNT IS REQUIRED TO BE FILED WITH EA. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 2 | IN ADDITION TO PREPARING TEACHERS THROUGH THE RESIDENCY MODEL, WE ALSO DEVELOPED TEACHERS THROUGH A FELLOWSHIP MODEL WHICH ALLOWS INDIVIDUALS WHO ARE ALREADY IN TEACHING POSITIONS TO GROW IN THEIR CRAFT AND OBTAIN A STATE CERTIFICATION. FELLOWS RECEIVE INSTRUCTIONAL COACHING AND ENGAGE IN EXTENDED COURSEWORK. THIS RIGOROUS DEVELOPMENT MODEL UPSKILLS FELLOWS INTO STRONGER TEACHERS FOR KANSAS CITY STUDENTS. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 IS FIRST REVIEWED BY CHARLES KING, CHIEF EXECUTIVE OFFICER, AND BETH BENKERT, CHIEF OPERATING OFFICER. THE 990 IS THEN SENT TO THE FULL BOARD FOR REVIEW AND APPROVAL AND ANY BOARD MEMBER QUESTIONS ARE DISCUSSED VIA EMAIL OR DURING BOARD MEETINGS. |
| FORM 990, PART VI, SECTION B, LINE 12C | EDUCATOR ACADEMY ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY HAVING ALL EMPLOYEES AND BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST FORM FOR THEM AND THEIR FAMILIES, ALONG WITH EMBEDDING THE POLICY IN THE EMPLOYEE HANDBOOK WHERE IT IS SIGNED ANNUALLY. |
| FORM 990, PART VI, SECTION B, LINE 15A | COMPENSATION IS DETERMINED BASED ON A THOROUGH COMPENSATION STUDY DONE BY AN EXTERNAL CONSULTANT. THE LATEST COMPENSATION SURVEY WAS COMPLETED ON APRIL 5, 2024. THE BOARD AND CHIEF EXECUTIVE OFFICER THEN DETERMINE A COMPENSATION PHILOSOPHY TO ENABLE EA TO ATTRACT HIGH QUALITY TALENT TO HELP THEM REACH THE GOALS THAT HAVE BEEN SET BY THE ORGANIZATION AND THAT CONTRIBUTE TO THE MISSION OF THE ORGANIZATION. USING THOSE TWO PIECES OF INFORMATION, THE CHIEF EXECUTIVE OFFICER RECOMMENDS CURRENT SALARIES AND THE BOARD APPROVES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XII, LINE 1: | THE ORGANIZATION'S FINANCIAL STATEMENTS HAVE BEEN PREPARED ON THE MODIFIED CASH BASIS OF ACCOUNTING, WHICH DIFFERS FROM ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. UNDER THIS METHOD OF ACCOUNTING, RESIDENT AGREEMENT AND SCHOLARSHIP PAYMENTS ARE REFLECTED AS AN EXPENSE ON THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS - MODIFIED CASH BASIS AND THE STATEMENTS OF FUNCTIONAL EXPENSES - MODIFIED CASH BASIS IN THE YEAR THE PAYMENT IS MADE TO THE RESIDENT AND THE SCHOLAR. ALL OTHER ELEMENTS OF THE FINANCIAL STATEMENTS ARE MAINTAINED ON AN ACCRUAL BASIS OF ACCOUNTING IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. |