Doane Academy
- Assets
- $42.8m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 103
- Location
- Burlington, NJ
- Founding
- 03/1942
- Data as of
- 06/2021
- EIN
- 21-0634575
Organization Overview
Doane Academy is located in Burlington, NJ. The organization was established in 1942. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Doane Academy employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Doane Academy 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 06/2021, Doane Academy generated $6.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $7.1m during the year ending 06/2021. While expenses have increased by 4.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOANE ACADEMY, AN INDEPENDENT EPISCOPAL DAY SCHOOL, AGE 3 THROUGH 12TH GRADE, PROVIDES AN EXCEPTIONAL COLLEGE PREPARATORY PROGRAM WHILE CULTIVATING CHARACTER DEVELOPMENT AND NURTURING THE EMOTIONAL MATURITY ESSENTIAL IN PREPARING STUDENTS FOR LIFE. WE DEVELOP INTELLIGENT, CAPABLE INDIVIDUALS WITHIN A COMMUNITY WHERE ALL ARE KNOWN, LOVED AND STRONGLY ENCOURAGED TO DISCOVER THEIR UNIQUE POTENTIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Sanderson Head Of School | 40 | $246,000 | |
Steve Harrison Treasurer | OfficerTrustee | 2 | $0 |
Joseph Garemore Secretary | OfficerTrustee | 2 | $0 |
Adam Paglione President | OfficerTrustee | 3 | $0 |
Christina Cecchi Trustee | OfficerTrustee | 1 | $0 |
Heather Buzick Vice President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,311,980 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,311,980 |
| Total Program Service Revenue | $2,783,419 |
| Investment income | $461,620 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,700 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,706 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,582,425 |
| 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. | $246,000 |
| Compensation of current officers, directors, key employees. | $123,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,741,174 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $438,985 |
| Payroll taxes | $315,804 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,830 |
| Advertising and promotion | $0 |
| Office expenses | $17,095 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $111,237 |
| Travel | $2,068 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $164,017 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $546,419 |
| Insurance | $60,292 |
| All other expenses | $800,128 |
| Total functional expenses | $7,142,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,773 |
| Savings and temporary cash investments | $2,993,283 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $131,961 |
| 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 | $37,848 |
| Net Land, buildings, and equipment | $10,131,435 |
| Investments—publicly traded securities | $29,230,968 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $42,798,268 |
| Accounts payable and accrued expenses | $250,174 |
| Grants payable | $0 |
| Deferred revenue | $176,100 |
| 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 | $5,571,629 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $188,348 |
| Total liabilities | $6,186,251 |
| Net assets without donor restrictions | $18,203,008 |
| Net assets with donor restrictions | $18,409,009 |
| 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 | $42,798,268 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Doane Academy has recieved totaling $3,024,253.
| Awarding Organization | Amount |
|---|---|
Henry M Rowan Family Foundation Inc Rancocas, NJ PURPOSE: GENERAL SUPPORT | $3,000,000 |
Princeton Area Community Foundation Inc Lawrenceville, NJ PURPOSE: the new building project | $10,000 |
Caroline A H Myers Fbo Scholarship Fd 4947 Tuw Las Vegas, NV PURPOSE: SCHOLARSHIP | $9,000 |
Paulina And Stephen Cepreghy Charitable Foundation Las Vegas, NV PURPOSE: GENERAL OPERATING | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $253 |
Endowment Analysis
| Beg. Balance | $17,000,000 |
| Ending Balance | $17,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Yeshiva University High Schools New York, NY | $22,674,721 | $20,464,649 |
Community Academy Of Philadelphia A Pennylvania Charter School Philadelphia, PA | $18,600,792 | $22,292,096 |
Cristo Rey Philadelphia High School Philadelphia, PA | $44,344,879 | $19,011,850 |
Valley Forge Military Academy Foundation Wayne, PA | $40,487,283 | $14,074,781 |
Jack M Barrack Hebrew Academy Bryn Mawr, PA | $28,446,825 | $17,100,040 |
Keio Academy Of New York Purchase, NY | $60,256,729 | $12,685,966 |
Glen Mills Schools Concordville, PA | $72,581,010 | $5,135,685 |
Solebury School New Hope, PA | $31,595,369 | $15,801,404 |
North Shore Hebrew Academy High School Great Neck, NY | $49,436,731 | $14,949,978 |
Urban Assembly Charter School For Computer Science Bronx, NY | $2,356,252 | $11,407,021 |
Storm King School Cornwallonhudson, NY | $15,168,263 | $12,121,769 |
Aquinas Institute Of Rochester Rochester, NY | $7,583,469 | $12,006,968 |