Chelsea Academy Inc
- Assets
- $1.2m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 50
- Location
- Front Royal, VA
- Founding
- 03/2008
- Data as of
- 08/2023
- EIN
- 20-8995583
Organization Overview
Chelsea Academy Inc is located in Front Royal, VA. The organization was established in 2008. 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 08/2023, Chelsea Academy Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chelsea 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 08/2023, Chelsea Academy Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $3.4m during the year ending 08/2023. While expenses have increased by 8.6% per year over the past 6 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
EDUCATION OF MIDDLE SCHOOL, HIGH SCHOOL STUDENTS, AND LOWER SCHOOL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF HIGH SCHOOL, MIDDLE SCHOOL, AND LOWER SCHOOL STUDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deacon Bob Benyo Director | Trustee | 3 | $0 |
Patrick Miggins Director | Trustee | 2 | $0 |
Anna Freska Director | Trustee | 2 | $0 |
James Kelly Director | Trustee | 2 | $0 |
Paul Lagarde Treasurer | OfficerTrustee | 2 | $0 |
Father Bjorn Lundberg Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $244,454 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,771 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $314,225 |
| Total Program Service Revenue | $2,762,930 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $78,132 |
| Net Gain/Loss on Asset Sales | -$235,488 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,267 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,974,291 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $812,626 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $247,663 |
| Compensation of current officers, directors, key employees. | $24,766 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,278,823 |
| Pension plan accruals and contributions | $13,709 |
| Other employee benefits | $132,897 |
| Payroll taxes | $131,328 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $17,321 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,112 |
| Office expenses | $13,769 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $491,474 |
| Travel | $2,306 |
| 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 | $25,519 |
| Insurance | $27,065 |
| All other expenses | $66,943 |
| Total functional expenses | $3,419,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,354 |
| Savings and temporary cash investments | $435,803 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,128 |
| 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 | $80,265 |
| Net Land, buildings, and equipment | $256,764 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $294,351 |
| Total assets | $1,244,665 |
| Accounts payable and accrued expenses | $70,043 |
| Grants payable | $0 |
| Deferred revenue | $796,156 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,905 |
| Total liabilities | $903,104 |
| Net assets without donor restrictions | $341,561 |
| 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 | $1,244,665 |