Whitney Academy Inc
- Assets
- $10.7m
- Revenue
- $14.8m
- Investments
- $0.0
- Employees
- 262
- Location
- East Freetown, MA
- Founding
- 10/1995
- Data as of
- 06/2023
- EIN
- 04-2939430
Organization Overview
Whitney Academy Inc is located in East Freetown, MA. The organization was established in 1995. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Whitney Academy Inc employed 262 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whitney 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 06/2023, Whitney Academy Inc generated $14.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $14.9m during the year ending 06/2023. While expenses have increased by 3.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATION & TREATMENT FOR DEVELOPMENTALLY DISABLED & MENTALLY ILL INDIVIDUALS TO AGE 22
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACADEMY IS A PRIVATE RESIDENTIAL SCHOOL FOR STUDENTS AGES TEN TO TWENTY-TWO, WITH MILD/MODERATE MENTAL RETARDATION OR EMOTIONAL PROBLEMS. THE ACADEMY SERVED APPROXIMATELY 38 STUDENTS DURING 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Marques Pres/treas/ed | OfficerTrustee | 40 | $207,000 |
Elizabeth O'keefe Bus Mgr/clerk | OfficerTrustee | 40 | $163,220 |
Judy Mulrooney Director | Trustee | 1 | $0 |
Sheila H Harmon Director | Trustee | 1 | $0 |
Neil Kolikof Director | Trustee | 1 | $0 |
Stephen Potts Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
J Hummingbird Llc Pediatrician | 6/29/23 | $166,600 |
Leonard Mulherin & Greene Pc Audit And Tax Services | 6/29/23 | $142,783 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,171,791 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,171,791 |
| Total Program Service Revenue | $12,178,875 |
| Investment income | $75,557 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,752,794 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $390,499 |
| Compensation of current officers, directors, key employees. | $390,499 |
| Compensation to disqualified persons | $9,621,840 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,518,871 |
| Payroll taxes | $1,087,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $73,399 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $376,148 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $547,407 |
| Travel | $201,407 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $329,211 |
| Insurance | $20,244 |
| All other expenses | $55,832 |
| Total functional expenses | $14,921,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,611 |
| Savings and temporary cash investments | $3,995,752 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,376,238 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $168,167 |
| Net Land, buildings, and equipment | $4,975,953 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,266 |
| Total assets | $10,710,987 |
| Accounts payable and accrued expenses | $1,256,971 |
| Grants payable | $0 |
| Deferred revenue | $166,477 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $15,421 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,800,740 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $185,349 |
| Total liabilities | $4,424,958 |
| Net assets without donor restrictions | $6,286,029 |
| Net assets with donor restrictions | $0 |
| 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 | $10,710,987 |