Cape Cod Academy Inc
- Assets
- $13.0m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 100
- Location
- Osterville, MA
- Founding
- 06/1977
- Data as of
- 06/2022
- EIN
- 04-2592472
Organization Overview
Cape Cod Academy Inc is located in Osterville, MA. The organization was established in 1977. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Cape Cod Academy Inc employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cape Cod Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Cape Cod Academy Inc generated $11.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $11.1m during the year ending 06/2022. While expenses have increased by 2.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CAPE COD ACADEMY, INC. ("THE ACADEMY") FOSTERS A LIFE-LONG DRIVE TO LEARN AND GROW AND MAKE A DIFFERENCE IN THE WORLD. THE ACADEMY TEACHES STUDENTS HABITS OF HEART AND MIND THAT PREPARE THEM TO BE SUCCESSFUL IN COLLEGE, HEALTY IN LIFE, AND CONTRIBUTORS TO SOCIETY - BOTH LOCALLY AND GLOBALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACADEMY NURTURES STUDENTS' INDIVIDUAL TALENTS AND CURIOSITIES AND OFFERS MULTIPLE OPPORTUNITIES FOR SELF-DIRECTED STUDY, SERVICE, AND LEADERSHIP. THE ACADEMY OFFERS A FULL KINDERGARTEN THROUGH 12 EDUCATION WITH A FOCUS ON EARLY CHILDHOOD DEVELOPMENT, ART AND MUSIC, AP CLASSES, SERVICE & ENTREPRENEURSHIP AND MORE. THE INTEGRATED CURRICULUM THROUGHOUT CAPE COD ACADEMY'S LOWER, MIDDLE AND UPPER SCHOOLS ALLOWS OUR STUDENTS TO STRETCH THEIR POTENTIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlene Holland Secretary | OfficerTrustee | 5 | $0 |
James T Hoeck Treasurer | OfficerTrustee | 5 | $0 |
Joel Crowell Chair | OfficerTrustee | 5 | $0 |
Robert C Pemberton Vice Chair | OfficerTrustee | 5 | $0 |
Charlotte Canzano Trustee | Trustee | 2 | $0 |
Jitka Borowick Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hutker Architects Inc Architects | 6/29/15 | $165,193 |
Unified Networking Solutions It Consultants | 6/29/15 | $110,422 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $307,210 |
| Related organizations | $0 |
| Government grants | $679,248 |
| All other contributions, gifts, grants, and similar amounts not included above | $441,310 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,427,768 |
| Total Program Service Revenue | $10,015,374 |
| Investment income | $864 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $99,797 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$47,627 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,563,830 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,792,643 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $309,000 |
| Compensation of current officers, directors, key employees. | $27,361 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,132,037 |
| Pension plan accruals and contributions | $64,975 |
| Other employee benefits | $1,145,959 |
| Payroll taxes | $303,124 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,535 |
| Fees for services: Accounting | $49,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $307,002 |
| Advertising and promotion | $51,978 |
| Office expenses | $13,454 |
| Information technology | $47,640 |
| Royalties | $0 |
| Occupancy | $176,644 |
| Travel | $17,026 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $165,186 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $530,541 |
| Insurance | $151,704 |
| All other expenses | $0 |
| Total functional expenses | $11,058,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $743,389 |
| Savings and temporary cash investments | $138,659 |
| Pledges and grants receivable | $29,400 |
| Accounts receivable, net | $80,803 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $200 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $68,600 |
| Net Land, buildings, and equipment | $11,076,696 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $905,211 |
| Total assets | $13,042,958 |
| Accounts payable and accrued expenses | $458,351 |
| Grants payable | $0 |
| Deferred revenue | $1,729,004 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $8,225,000 |
| Secured mortgages and notes payable | $90,136 |
| Unsecured mortgages and notes payable | $767,198 |
| Other liabilities | $0 |
| Total liabilities | $11,269,689 |
| Net assets without donor restrictions | $1,693,952 |
| Net assets with donor restrictions | $79,317 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,042,958 |