Albert Einstein Academy INC EIN 51-0110582 Form 990 (PDF) Claim this org

Albert Einstein Academy INC FY2022 filing

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Offers comprehensive secular and Jewish education for K-6 students, emphasizing Jewish values. For fiscal year 2022 it reported $861K in revenue, $785K in expenses, and $337K in net assets.Pt I

Founded
1970
Type
Public charity (501(c)(3)) · Education
Location
Wilmington, DE
Website
www.einsteinday.org
Filings
5 on file (2020–2022)
Revenue
$861KFY2022
Expenses
$785K
Net assets
$337K
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  51-0110582 Public charity (501(c)(3)) Wilmington, DE Founded 1970
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Offers comprehensive secular and Jewish education for K-6 students, emphasizing Jewish values.
Leadership
Gerri Chizek · Head of School · $87K
Money in and out
$861K revenue, $785K expenses
Bottom line
74% program efficiency
Where the money goes · FY2022
Total revenue
$861K
Pt VIII · Ln 12
Total expenses
$785K
Pt IX · Ln 25
Net assets
$337K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $76K
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.21 Fundraising $0.05
Program efficiency
74%
of spending reaches programs
Operating runway
5.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+9%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$861K
FY2022▼ -4%
Expenses
$785K
FY2022▲ +8%
Total assets
$542K
FY2022▼ -17%
Total liabilities
$206K
FY2022▼ -38%
Total revenue
$861K
Pt VIII · Ln 12
Total expenses
$785K
Pt IX · Ln 25
Net assets
$337K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$76K
Total assetsPt X · Ln 16$542K
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $585K of program spending, described in the organization's own filed words · FY2021.
01

A values-based education grounded in judaics, forging a positive relationship with torah and the state of israel, and provides a connection to a three millennia old TRADITION.OUR hebrew-language curriculum leverages a multi-sensory approach (E.G., range of teaching methods employed including computers, use of music, ETC.).EMPHASIS on…

$585Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAlbert Einstein Academy INC
EINHdr · item D51-0110582
Principal addressHdr · item CWilmington, DE
WebsiteHdr · item Jwww.einsteinday.org
Year of formationHdr · item L1970
State of legal domicileHdr · item MDE
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B24Z)
Ruling yearIRS BMFApr 1971

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Head of School
$86,778Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Rachel Blumenfeld’s $92K as Head of School is at the 26th percentile of top reported officer pay among 3393 $1–10M 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 · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Rachel Blumenfeld$91,694$89,662$55,132
Gerri Chizek$86,778$41,367
Jeremy Winaker$25,288

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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Statement of Revenue

Part VIII
Contributions & grants$488K · 57%
Program service revenue$353K · 41%
Investment income$16K · 2%
Contributions & grants57%$488K
Program service revenue41%$353K
Investment income2%$16K
Other revenue$4K
— government grantsLn 1e$120K
Total revenueLn 12$861K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.21 Fundraising $0.05
Program services74%$585K
Management & general21%$162K
Fundraising5%$38K
Total functional expensesLn 25$785K

Balance Sheet

Part X · end of year
CashLn 1$92K
Total assetsLn 16$542K
Total liabilitiesLn 26$206K
Total net assetsLn 32$337K
Months of cash on handcomputed1.4

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $328K · Operating expenses/yr $785K
5.0 months
Where the money goes
Program services
Program services $585K · Total expenses $785K
74%
Management & General
Management & general $162K · Total expenses $785K
21%
Fundraising
Fundraising $38K · Total expenses $785K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $45K · Solicited contributions (3-yr avg) $408K
$0.11 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $488K · Total revenue $861K
57%
Government reliance
Government grants $120K · Total revenue $861K
14%
Earned-income share
Program service revenue $353K · Total revenue $861K
41%
Investment reliance
Investment income $16K · Total revenue $861K
+2%
Program self-sufficiency
Program service revenue $353K · Total expenses $785K
45%
Growth & trend
Revenue growth (YoY)
This year $861K · Prior year $901K
-4%
Net-asset trend (YoY)
End of year $337K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $861K · Expenses $785K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $542K
Net-asset ratio
Net assets $337K · Total assets $542K
62%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $236K · Total assets (Pt X, ln 16) $542K
44%
People & payroll
Highest Reported Total Compensation
Individual Gerri Chizek · Reported title HEAD OF SCHOOL · Highest reported compensation $87K · Total expenses $785K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $482K · Total expenses $785K
61%
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $36K · Gross raised $217K
17%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 74%
Overhead ratio 21%
Fundraising cost ratio 8%
Revenue growth -4%
Investment management fee ratio 0.5%
Accounting fee ratio 0.6%
Fundraising fee ratio 5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$150K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$1.3M revenue · ⤓ 990 PDF
FY2023$1.3M revenue · ⤓ 990 PDF
FY2022$861K revenue · viewing · ⤓ 990 PDF
FY2021$901K revenue · ⤓ 990 PDF
FY2020$632K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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