2024-05-09T09:46:15-05:00 2023-06-30 341874260 CBIZ MHM LLC 700 WEST 47TH STREET SUITE 1100 KANSAS CITY MO 64112 990 2022-07-01 475135488 THE EDUCATOR ACADEMY FKA KANSAS CITY TEACHER RESIDENCY INC EDUC 8162985660 1712 MAIN ST KANSAS CITY MO 64108 CHARLES KING EXECUTIVE DIRECTOR 8162985660 2024-05-08 1 CHARLES KING XXX-XX-XXXX 1 LISA BURKE P00220718 8169455500 2024-05-08 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z X CHARLES KING 1712 MAIN ST KANSAS CITY MO 64108 9473412 0 X EDUCATOR-ACADEMY.ORG X 2015 MO RECRUIT, DEVELOP, PLACE, AND RETAIN INDIVIDUALS WORKING IN HIGH NEED URBAN SCHOOLS IN KC. 9 9 93 18 0 0 3469009 8826785 685523 510056 -6119 84801 3854 51770 4152267 9473412 0 165521 0 0 1776361 2623620 0 0 260086 2204994 1021636 3981355 3810777 170912 5662635 1891989 8012710 111373 569459 1780616 7443251 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. 0 0 3113352 165521 510056 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. 3113352 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 87 0 1 93 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 MO X CHARLES KING 8162985660 1712 MAIN ST KANSAS CITY MO 64108 MICHAEL ROANE CHAIRMAN 2.00 X X 0 0 0 BETH ALLEN VICE-CHAIRMAN 1.00 X X 0 0 0 JAMIE RICE TREASURER 2.00 X X 0 0 0 JULIE PINE SECRETARY 1.00 X X 0 0 0 CHASE BARNES DIRECTOR 1.00 X 0 0 0 RENEE LAWRENCE DIRECTOR 1.00 X 0 0 0 ANDREA LOPEZ DIRECTOR 1.00 X 0 0 0 NANCY MCCULLOUGH DIRECTOR 1.00 X 0 0 0 MICHAEL RALPH DIRECTOR 1.00 X 0 0 0 CHARLES KING EXECUTIVE DIRECTOR 40.00 X 118105 0 21403 118105 0 21403 1 0 0 0 0 1231542 7595243 8826785 DISTRICT FEES 611430 510056 510056 510056 84801 84801 47655 0 47655 47655 47655 4115 4115 4115 9473412 510056 0 136571 165521 165521 141653 56661 42496 42496 2078287 1878330 64318 135639 24788 20788 1288 2712 205727 182165 8162 15400 173165 152111 7838 13216 36736 36736 99054 99054 41832 41832 67356 50309 17047 88329 64404 21242 2683 47333 34540 10442 2351 239498 166228 59070 14200 32732 27796 2098 2838 117384 74145 34206 9033 2782 2407 169 206 30647 26517 1865 2265 FACULTY & CURRICULUM 163566 163566 TRAINING & DEVELOPMENT 54387 47864 6523 3810777 3113352 437339 260086 1185041 1307074 10291 5401029 522505 567543 42512 137620 60944 79005 25914 23108 5588 2806 65108 517633 1891989 8012710 109648 41617 0 59184 1725 468658 111373 569459 X 841429 6893281 939187 549970 1780616 7443251 1891989 8012710 5662635 0 X X 0 1 X 1 0 X 3127540 2436925 2723939 3469009 8826785 20584198 3127540 2436925 2723939 3469009 8826785 20584198 6146321 14437877 50 77 651 615 132456 133849 584 374 17659 3854 22471 20740518 2619548 0.69610 0.44390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16086 16086 0 9828 7022 2806 2806 RIGHT OF USE ASSETS 456110 SECURITY DEPOSITS 61523 517633 LEASE LIABILITY 468658 468658 X 9473412 0 9473412 0 9473412 3810777 0 3810777 0 3810777 PART X, LINE 2: 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, 2023 OR 2022. 1 BLACK EDUCATOR INITIATIVE SUPPORT PAYMENTS 50 137873 0 N/A N/A LICENSING, CERTIFICATION, AND OTHER RESIDENT EXPENSES 50 27648 0 N/A N/A PART I, LINE 2: 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, COUNSELING AND THERAPY SERVICES, 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. FORM 990, PART VI, SECTION A, LINE 4 THE ARTICLES OF INCORPORATION WERE AMENDED DURING THE YEAR TO CHANGE THE ORGANIZATION'S NAME FROM KANSAS CITY TEACHER RESIDENCY, INC. TO THE EDUCATOR ACADEMY, INC. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS FIRST REVIEWED BY CHARLES KING, EXECUTIVE DIRECTOR, AND BETH ALLEN, VICE-CHARIMAN. 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 BOARD AND EXECUTIVE DIRECTOR 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 EXECUTIVE DIRECTOR 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.