Cutting Edge Learning Academy, INC. Motivates students to pursue their academic, spiritual, and social goals while focusing on practicing the love of god and neighbor in their daily interactions. Cutting Edge Learning Academy, INC. Staff provides a nurturing environment.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$199K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $2K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$199K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$119K
116% of total assets
Concern: liabilities are 116% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$789K
+41% vs prior year
Spent
$709K
To programs
86%
Net assets
−$17K
By yearFY2020–FY2024
Revenue
$789K
FY2021▲ +41%
Tap a bar for its year
Revenue by fiscal year
FY2020$560K
FY2021$789K
FY2022$766K
FY2023$693K
FY2024$726K
Expenses
$709K
FY2021▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$628K
FY2021$709K
FY2022$729K
FY2023$733K
FY2024$747K
Net assets
−$17K
FY2021▲ +83%
Tap a bar for its year
Net assets by fiscal year
FY2020−$100K
FY2021−$17K
FY2022$11K
FY2023−$28K
FY2024−$78K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $607K Management & general 14% · $102K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990; $199K paid to officers and key staff.

Part VII, Section A · reportable compensation
Vice Pres/Se
$93,961Pt VII · Sec A
$90,604Pt VII · Sec A
$14,835Pt VII · Sec A

Rev Mother Carina Okeke’s $102K as President/Tr is at the 85th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Regina Maraizu——$76,637$93,961$103,757
Rev Mother Carina Okeke$102,432$98,546$82,437$90,604$86,478
Gabriela Melo-Fermin——$35,673$14,835—
Theresa Peters————$31,764

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II4 listed

Programs and updates

Nurtures students academically, spiritually, and socially, encouraging love of God and neighbor.

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Provided by the organization

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1 program · $607K · in their own filed words · FY2021
01

Educational institution nurturing academic, spiritual, and social goals

$607Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$789K
Ln 12
Fees for servicesLn 2g$706K
Gifts and grantsLn 1h$78K
Other incomeLn 4–11$5K
Money outPt IX
$709K
Ln 25
Programscol B$607K
Managementcol C$102K
Owns and owesPt X
−$17K
net assets · Ln 32
Cash and savingsLn 1–2$99K
Total assetsLn 16$103K
LiabilitiesLn 26$119K
PeoplePt VI, VII
3
listed · VII A
PaidVII A3
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$78K
Government grantsLn 1e$76K
Fees for servicesLn 2g$706K
Other incomeLn 4–11$5K
Total revenueLn 12$789K
Assets in detailPt X, end of year
CashLn 1$99K
Cash and savings togetherLn 1–2$99K
Land, buildings, equipmentLn 10c$1K
Other assetsLn 15$2K
Total assetsLn 16$103K
LiabilitiesLn 26$119K
Net assetsLn 32−$17K
OperationsPt I, VI
EmployeesI 522
VolunteersI 61
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$32K$99K
Land, buildings, equipmentLn 10c$2K$1K
Total assetsLn 16$36K$103K
LiabilitiesLn 26$136K$119K
Net assetsLn 32−$100K−$17K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$199K$109K$91K
Other salaries and wagesLn 7$287K$287K
Payroll taxesLn 10$40K$33K$7K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$15K$15K
OccupancyLn 16$100K$100K
InterestLn 20$375$375
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$43K$43K
All other expensesLn 24e$11K$11K$425
Total functional expensesLn 25$709K$607K$102K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $726K$747K−$21K−$78K 990 PDF
FY2023 $693K$733K−$40K−$28K 990 PDF
FY2022 $766K$729K$37K$11K 990 PDF
FY2021 Viewing $789K$709K$80K−$17K 990 PDF
FY2020 $560K$628K−$68K−$100K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $789,406 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,753$78,137
I-9 Program service revenuePrior year $547,295$705,803
I-10 Investment income$0
I-11 Other revenuePrior year $10,229$5,466
I-12 Total revenuePrior year $560,277$789,406
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $479,596$525,908
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $148,687$183,391
I-18 Total expensesPrior year $628,283$709,299
I-19 Revenue less expensesPrior year −$68,006$80,107
Part VI · Governance 0 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $789,406 across 7 lines filed
VIII-1e Government grants$76,194
VIII-1f All other contributions, gifts and grants$1,943
VIII-1h Total contributions, gifts and grants$78,137
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $705,803$705,803
VIII-8 Net income from fundraising eventsExcluded from tax $3,187$3,187
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,279$2,279
VIII-12 Total revenueRelated to mission $705,803 · Excluded from tax $5,466$789,406
Part IX · Statement of functional expenses $709,299 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $108,796 · Management $90,604$199,400
IX-7 Other salaries and wagesPrograms $286,959$286,959
IX-10 Payroll taxesPrograms $32,618 · Management $6,931$39,549
IX-11c Accounting feesManagement $4,000$4,000
IX-12 Advertising and promotionPrograms $1,529$1,529
IX-13 Office expensesPrograms $14,995$14,995
IX-16 OccupancyPrograms $100,014$100,014
IX-20 InterestPrograms $375$375
IX-22 Depreciation, depletion and amortizationPrograms $1,615$1,615
IX-23 InsurancePrograms $6,137$6,137
IX-24 Other expenses (24a–d)Programs $43,465$43,465
IX-24e All other expensesPrograms $10,836 · Management $425$11,261
IX-25 Total functional expensesPrograms $607,339 · Management $101,960 · Fundraising $0$709,299
Part X · Balance sheet $102,503 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $32,148$99,478
X-10c Land, buildings and equipment, netStart of year $2,064$1,265
X-15 Other assetsStart of year $1,760$1,760
X-16 Total assetsStart of year $35,972$102,503
X-17 Accounts payable and accrued expensesStart of year $30,340$79,446
X-26 Total liabilitiesStart of year $136,454$119,093
X-27 Net assets without donor restrictionsStart of year −$100,482−$16,590
X-32 Total net assets or fund balancesStart of year −$100,482−$16,590
X-33 Total liabilities and net assetsStart of year $35,972$102,503
Part XI · Reconciliation of net assets −$16,590 net assets at year end
XI-1 Total revenue$789,406
XI-2 Total expenses$709,299
XI-3 Revenue less expenses$80,107
XI-4 Net assets at start of year−$100,482
XI-9 Other changes in net assets$3,785
XI-10 Net assets at end of year−$16,590

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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