2024-05-06T06:44:47-05:00 2023-06-30 871353108 EISNER ADVISORY GROUP LLC 130 NORTH 18TH STREET SUITE 3000 PHILADELPHIA PA 191032757 990 2022-07-01 010849648 ACADEMY IN MANAYUNK ACAD 2154832461 1200 RIVER ROAD CONSHOHOCKEN PA 19428 PATRICIA ROBERTS EXECUTIVE DIRECTOR & CEO 2154832461 2024-04-30 1 PATRICIA ROBERTS 999009999 0 HELEN M MARTIN P01330899 2158818800 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z AIM ACADEMY PATRICIA ROBERTS 1200 RIVER ROAD CONSHOHOCKEN PA 19428 37951388 0 X WWW.AIMPA.ORG X 2006 PA EDUCATIONAL INSTITUTION FOR CHILDREN IN GRADES 1-12 WITH LANGUAGE BASED LEARNING DISABILITIES. 21 19 215 17 0 0 5340845 4137216 20246836 26578409 800296 1075570 155012 198796 26542989 31989991 1506318 1367500 0 0 12924357 17362636 160021 0 1369803 4676952 5621254 19267648 24351390 7275341 7638601 72385415 83997246 24301485 26515519 48083930 57481727 X AIM ACADEMY (AIM) PROVIDES EXTRAORDINARY EDUCATIONAL OPPORTUNITIES TO CHILDREN WITH LANGUAGE-BASED LEARNING DISABILITIES SUCH AS DYSLEXIA, DYSGRAPHIA, AND DYSCALCULIA, UTILIZING RESEARCH-BASED INTERVENTION STRATEGIES AND AN ARTS-BASED LEARNING ENVIRONMENT THAT IS COLLEGE PREPARATORY IN SCOPE AND SEQUENCE.AIM DEVELOPED A CENTER FOR EDUCATIONAL EXCELLENCE AND PROFESSIONAL DEVELOPMENT TO DISSEMINATE BEST PRACTICES TO EDUCATORS BY PROVIDING ACCESS TO THE LATEST RESEARCH-BASED CURRICULUM, TECHNOLOGY, AND TRAINING. 0 0 13601735 1367500 17641260 TUITION, FEES AND RELATED SERVICES:EDUCATION PROGRAMS AT THE AIM ACADEMY ARE INDIVIDUALIZED, EVIDENCE-BASED, AND INNOVATIVE AND ARE DESIGNED TO SPARK STUDENT CURIOSITY AND ENTHUSIASM. THE HUMANITIES, STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ART & DESIGN, AND MATHEMATICS) AND ARTS CURRICULUM DEVELOP DEEP UNDERSTANDING AND CRITICAL THINKING SKILLS NEEDED FOR COLLEGE AND CAREER SUCCESS. THERE WERE 398 STUDENTS SERVED THROUGH AIM ACADEMY DURING FY23.UNLIKE MANY SCHOOLS SPECIALIZING IN STUDENTS WITH LANGUAGE-BASED LEARNING DISABILITIES AIM ACADEMY'S STAFF INCLUDES IN-HOUSE SCHOOL PSYCHOLOGISTS, OCCUPATIONAL THERAPISTS AND SPEECH AND LANGUAGE PATHOLOGISTS TO SUPPORT STUDENTS, TEACHERS AND FAMILIES. 124420 151437 TUTORING:THE AIM ACADEMY'S TUTORING CENTER PROVIDES DIAGNOSTIC AND PRESCRIPTIVE INSTRUCTION THAT IS TAILORED TO MEET EACH STUDENT'S NEEDS. THE TUTORING SERVICES CATER TO CHILDREN IN GRADES 1-12 AND RANGE FROM TEACHING READING READINESS SKILLS TO PROVIDING REMEDIATION AND SUPPORT IN VARIOUS ACADEMIC AREAS. TUTORS ALSO PROVIDE ASSISTANCE WITH EXECUTIVE FUNCTIONING, STUDY SKILLS, AND ORGANIZATION OF TIME AND SCHOOLWORK SO STUDENTS CAN BE SUCCESSFUL IN ALL ACADEMIC AREAS. THERE WERE 89 STUDENTS TUTORED DURING FY23. 6396639 8833566 TEACHER TRAINING WORKSHOPS:THE AIM INSTITUTE FOR LEARNING & RESEARCH WAS CREATED AS A CENTER FOR EDUCATIONAL EXCELLENCE AND PROFESSIONAL DEVELOPMENT DISSEMINATING TO EDUCATORS THE LATEST RESEARCH, TECHNOLOGY, AND BEST PRACTICES IN THE FIELDS OF LITERACY AND LANGUAGE-BASED LEARNING DISABILITIES INCLUDING DYSLEXIA. THERE WERE OVER 18,000 EDUCATORS PARTICIPATING IN THE AIM INSTITUE DURING FY23. 20122794 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 62 0 1 215 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 19 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X MANAGEMENT 2154832461 1200 RIVER ROAD CONSHOHOCKEN PA 19428 PATRICIA M ROBERTS CO-CEO 40.00 X X 295860 0 51275 NANCY BLAIR CO-CEO 40.00 X X 301866 0 44592 MATTHEW NAYLOR CHAIR 1.00 X 0 0 0 AL CHIARADONNA VICE CHAIR 0.50 X 0 0 0 ELLIOT HOLTZ TREASURER 0.50 X 0 0 0 BRIAN LOBLEY SECRETARY 0.50 X 0 0 0 TERESA RODGERS BOARD MEMBER 0.50 X 0 0 0 ARTHUR BERKOWITZ BOARD MEMBER 0.50 X 0 0 0 GEORGE CONNELL BOARD MEMBER 0.50 X 0 0 0 JENNIFER CRAWFORD BOARD MEMBER 0.50 X 0 0 0 DONNA DECAROLIS BOARD MEMBER 0.50 X 0 0 0 DARRYL FORD BOARD MEMBER 0.50 X 0 0 0 JOHN GLOMB JR BOARD MEMBER 0.50 X 0 0 0 LIZ GRECO-ROCKS BOARD MEMBER 0.50 X 0 0 0 PATRICK HOYER BOARD MEMBER 0.50 X 0 0 0 VINCE LOWRY BOARD MEMBER 0.50 X 0 0 0 JOHN NEW BOARD MEMBER 0.50 X 0 0 0 STAN SILVERMAN BOARD MEMBER 0.50 X 0 0 0 HANS ZANDHUIS BOARD MEMBER 0.50 X 0 0 0 SIDHARTHA GHOSH CHIEF FINANCIAL OFFICER 40.00 X 157968 0 16026 ERIN DEVAULT DIRECTOR OF SUMMER ENRICHMENT 40.00 X 113785 0 22089 CYNTHIA HADICKE SENIOR DIRECTOR OF CLIENT SUCCESS & IMPLEMENTATION 40.00 X 116933 0 12594 KAREN KEESEY DIRECTOR OF EDUCATIONAL OUTREACH 40.00 X 123337 0 15887 JAKE STAR SENIOR DIRECTOR OF TECHNOLOGY AND INNOVATION 40.00 X 137849 0 24079 KEVAN TURMAN CHIEF ADVANCEMENT OFFICER 40.00 X 121101 0 28274 1368699 0 214816 16 0 1 0 WSD DIGITAL PO BOX 216 DERRY NH 03028 IT SERVICES 158898 JEFFREY ERLBAUM PO BOX 364 LAFAYETTE HILL PA 19444 TRAVEL FOR STUDENTS AND EMPLOYEES 102255 2 212456 9599 3915161 38243 4137216 TUITION, FEES & RELATED SERVICES 611110 17593406 17593406 TEACHER TRAINING WORKSHOPS 611110 8833566 8833566 TUTORING 611110 151437 151437 26578409 968256 968256 192280 0 192280 192280 192280 5961622 5854308 107314 107314 107314 65751 212456 107089 -41338 -41338 MISCELLANEOUS 611110 47854 47854 47854 31989991 26626263 0 1226512 1367500 1367500 1959650 972622 456507 530521 12422583 10698733 1202015 521835 1101498 479645 586740 35113 898455 769838 80819 47798 980450 813400 119584 47466 18813 11402 7411 39052 39052 800383 639634 103367 57382 145802 128605 14427 2770 605951 545760 49526 10665 257676 234610 8763 14303 389625 365986 11961 11678 1452103 1389463 35913 26727 125470 101506 19970 3994 TAX EXPENSE 23208 23208 REPAIRS AND MAINTENTANC 754634 713884 20375 20375 EXTRACURRICULAR ACTIVIT 250214 250214 INSTRUCTIONAL SUPPLIES 154948 137340 17123 485 603375 502652 62032 38691 24351390 20122794 2858793 1369803 2397858 700708 33102884 32220773 1670432 1928770 620422 2418720 189854 881452 31048484 8690021 22349213 22358463 12054752 23210351 0 278009 72385415 83997246 1687858 3721580 10573539 11199722 11789425 11349238 250663 244979 24301485 26515519 X 42436618 50006110 5647312 7475617 48083930 57481727 72385415 83997246 X 7638601 1263110 496086 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8135262 25000 702868 618513 8244617 12201184 739 -1138001 2928660 8135262 5240792 5501467 1473153 14228 12201184 5239065 7641 7763 13677 5240792 4068830 255881 192838 278484 4239065 0.69656 0.30344 0.00000 0 0 2450570 2450570 12026978 2269956 9757022 10098812 2161592 7937220 2246743 1908174 338569 4225381 2350299 1875082 22358463 CAPITAL LEASE 244979 244979 X 32490678 1274888 605077 1879965 30610713 11778 1367500 1379278 31989991 23092881 108991 108991 22983890 1367500 1367500 24351390 PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUND IS TO SUPPORT CURRENT OPERATIONS THROUGH A TOTAL RETURN INVESTMENT STRATEGY. PART X, LINE 2: ASC TOPIC 740, INCOME TAXES, CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. ASC 740 ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, AND DISCLOSURE. MANAGEMENT DOES NOT BELIEVE THE ACADEMY'S FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. THE ACADEMY RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY. THERE WERE NO INCOME TAX RELATED INTEREST AND PENALTIES RECORDED FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES, NET AGAINST REVENUE 104,808. UNREALIZED GAIN ON ON INTEREST RATE PROTECTION AGREEMENTS 496,086. CONTRIBUTED SERVICES 4,183. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION AID, NET AGAINST REVENUE ON FINANCIAL STATEMENTS 1,367,500. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NET AGAINST REVENUE 104,808. CONTRIBUTED SERVICES 4,183. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION AID, NET AGAINST REVENUE ON FINANCIAL STATEMENTS 1,367,500. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ACADEMY IN MANAYUNK ADVERTISES ITS RACIALLY NONDISCRIMINATORY POLICY IN ADMISSIONS MATERIALS AND IN BROCHURES USED BY THE ADMISSIONS DEPARTMENT. X X 1 PENNSYLVANIA EDUCATION PARTNERSHIP MANAGEMENT LLC 45 E CITY AVENUE SUITE 452 BALA CYNWYD PA 19004 ADMINISTERS THE COLLECTION AND DISBURSEMENT OF PA EITC FUNDS 1 220000 0 220000 220000 220000 AIM FOR THE STARS GALA 278207 212456 65751 104808 2281 278207 212456 65751 104808 2281 107089 -41338 1 TUITION AID 94 1367500 FMV TUITION AID OFFERED TO FAMILY PART I, LINE 2: FINANCIAL AID GRANTS ARE AWARDED ON A NEEDS-BASED ASSESSMENT AND ARE EVALUATED YEARLY. TO DETERMINE THE NEED FOR FINANCIAL AID, THE ACADEMY IN MANAYUNK UTILIZES THE CRITERIA EMPLOYED BY THE SCHOOL AND STUDENT SERVICES FOR FINANCIAL AID (SSS) IN PRINCETON, N.J. FAMILIES APPLYING FOR FINANCIAL AID MUST COMPLETE THE PARENTS' FINANCIAL STATEMENT (PFS) AND SEND IT WITH THE PROCESSING FEE TO SSS OR SUBMIT THE PFS ONLINE TO THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID BY VISITING THEIR WEBSITE. FINANCIAL AID GRANTS ARE ANNUAL AND A FAMILY MUST REAPPLY YEARLY. DETAILED SPREADSHEETS ARE KEPT OF TUITION AID OFFERS, AID ACCEPTANCES AND TOTAL AWARDS EACH YEAR. X X X 0 0 0 0 0 0 0 0 0 PATRICIA M ROBERTS CO-CEO 255860 0 40000 0 0 0 31974 0 19301 0 347135 0 0 0 NANCY BLAIR CO-CEO 261866 0 40000 0 0 0 31974 0 12618 0 346458 0 0 0 SIDHARTHA GHOSH CHIEF FINANCIAL OFFICER 157856 0 112 0 0 0 4804 0 11222 0 173994 0 0 0 JAKE STAR SENIOR DIRECTOR OF TECHNOLOGY AND IN 137849 0 0 0 0 0 5956 0 18123 0 161928 0 0 0 PART I, LINE 3 AIM ACADEMY HAS A COMPENSATION COMMITTEE WHICH REVIEWS THE FORM 990 OF SIMILAR-SIZED SCHOOLS TO DETERMINE THE REASONABLENESS OF THE CEO'S AND ASSOCIATE DIRECTOR'S COMPENSATION. A EAST NORRITON INDUSTRIAL DEVELOPMENT AUTHORITY 300188402 2017-02-17 7000000 REFINANCE PRIOR TAXABLE DEBT, PURCHASE OF LAND/SCHOOL BUILDINGS/RENOVATIONS 0 0 0 B WEST NORRITON TOWNSHIP INDUSTRIAL DEVELOPMENT AUTHORITY 300188405 2017-03-16 7000000 REFINANCE PRIOR TAXABLE DEBT, PURCHASE OF LAND/SCHOOL BUILDINGS/RENOVATIONS 0 0 0 A 7000000 52106 6947894 2017 0 0 1 1 B 7000000 50419 6949581 2017 0 0 1 1 A 0 1 0 0 0.01820 0.01820 0 0 1 B 0 1 0 0 0.01820 0.01820 0 0 1 A 0 1 0 0 1 1 PACIFIC COAST BANKERS'S BANK 25.000000000000 0 0 0 0 1 B 0 1 0 0 1 1 PACIFIC COAST BANKERS'S BANK 25.000000000000 0 0 0 0 1 A 0 B 0 PENNSYLVANIA EDUCATION PARTNERSHIP LLC ENTITY MANAGED BY DIRECTOR ELLIOT HOLTZ 22830 ADMINISTRATIVE SERVICES 0 X 2 10923 HI/LOW DATE OF GIFT X AUCTION ITEMS 40 26320 COST OF DONATED ITEM X REGISTRATION FEES 1 1000 COST OF DONATED ITEM 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETE FORM 990 IS REVIEWED BY ALL MEMBERS OF THE AUDIT COMMITTEE PRIOR TO ITS ISSUANCE. IN ORDER TO MAINTAIN THE CONFIDENTIALITY OF CERTAIN DONORS INCLUDED ON SCHEDULE B, WHO WISH TO REMAIN ANONYMOUS AND MAINTAIN THE CONFIDENTIALITY OF COMPENSATION, A COPY OF FORM 990, EXCLUDING SCHEDULES B, J, AND FORM 990, PART VII, SECTION A IS REVIEWED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION RECEIVES A SIGNED CONFLICT OF INTEREST STATEMENT ANNUALLY FROM THE BOARD OF TRUSTEES AND MANAGEMENT EMPLOYEES. THE STATEMENTS ARE SENT TO THE CHAIR OF THE NOMINATING/GOVERNANCE COMMITTEE AND REVIEWED BY THE NOMINATING/GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES. THE CONFLICT OF INTEREST POLICY IS ALSO INCLUDED IN THE EMPLOYEE HANDBOOK WHICH ALL EMPLOYEES ARE REQUIRED TO READ AND SIGN AN ACKNOWLEDGEMENT THAT THEY HAVE READ AND UNDERSTAND THE POLICIES OF THE ACADEMY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A COMPENSATION COMMITTEE THAT REVIEWS THE PERFORMANCE OF THE EXECUTIVE DIRECTOR AND ASSOCIATE DIRECTOR. SALARIES ARE APPROVED BY THE COMPENSATION AND EXECUTIVE COMMITTEES. OFFICERS AND KEY EMPLOYEES ARE REVIEWED BY EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE PROTECTION AGREEMENT 496,086.