Ivy Academy Inc
- Assets
- $6.8m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 82
- Location
- Soddy Daisy, TN
- Founding
- 10/2008
- Data as of
- 06/2021
- EIN
- 26-1533313
Organization Overview
Ivy Academy Inc is located in Soddy Daisy, TN. The organization was established in 2008. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Ivy Academy Inc employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ivy 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 06/2021, Ivy Academy Inc generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 29.2% each year . All expenses for the organization totaled $4.1m during the year ending 06/2021. While expenses have increased by 19.9% per year over the past 5 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
TO PROVIDE A QUALITY EDUCATIONAL PROGRAM WITH AN EMPHASIS ON SCHOLARSHIP, ENVIRONMENTAL STEWARDSHIP, AND VOLUNTEERISM FOR ALL STUDENTS DESIGNED TO PREPARE THEM TO POSITIVELY INFLUENCE SOCIETY AND NATURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC CHARTER SCHOOL SERVING GRADES 6-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Slater Executive Director | Officer | 40 | $77,850 |
Dr Darrell Meece President | OfficerTrustee | 1 | $0 |
Ethan Miller Treasurer | OfficerTrustee | 1 | $0 |
Dr Patti Skates Vice President | OfficerTrustee | 1 | $0 |
Lisa Brown Secretary | OfficerTrustee | 1 | $0 |
Jerry Webb Board Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Timothy N Smith Bus Service | 6/29/21 | $250,906 |
Tri-con Architects Architect | 6/29/21 | $101,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $485,220 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,624 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $527,844 |
| Total Program Service Revenue | $4,215,093 |
| Investment income | $12,426 |
| 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 | $4,770,605 |
| 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. | $81,612 |
| Compensation of current officers, directors, key employees. | $81,612 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,439,583 |
| Pension plan accruals and contributions | $136,587 |
| Other employee benefits | $78,748 |
| Payroll taxes | $160,362 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,746 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $251,576 |
| Advertising and promotion | $2,045 |
| Office expenses | $42,429 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $116,650 |
| Travel | $12,827 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $167,337 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $162,017 |
| Insurance | $40,454 |
| All other expenses | $84,615 |
| Total functional expenses | $4,127,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500,188 |
| Savings and temporary cash investments | $388,259 |
| Pledges and grants receivable | $17,219 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,357,037 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $567,030 |
| Total assets | $6,829,733 |
| Accounts payable and accrued expenses | $429,041 |
| Grants payable | $0 |
| Deferred revenue | $4,626 |
| 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 | $4,565,147 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $156,294 |
| Total liabilities | $5,155,108 |
| Net assets without donor restrictions | $1,203,826 |
| Net assets with donor restrictions | $470,799 |
| 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 | $6,829,733 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ivy Academy Inc has recieved totaling $33,030.
| Awarding Organization | Amount |
|---|---|
Jobs For Tennessee Graduates Inc Nashville, TN PURPOSE: PROVIDE PAYMENT FOR SALARIES OF JOB SPECIALISTS | $32,713 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $317 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lighthouse Academies Of Arkansas Inc North Little Rock, AR | $582,799 | $18,301,867 |
Pine Lake Preparatory Inc Mooresville, NC | $43,880,592 | $18,139,159 |
Ewing Marion Kauffman School Inc Kansas City, MO | $12,328,924 | $22,686,630 |
Memphis Business Academy Memphis, TN | $29,884,603 | $21,343,740 |
Uwharrie Green School Inc Asheboro, NC | $37,750,042 | $15,359,750 |
Bradford Preparatory School Charlotte, NC | $43,531,972 | $16,692,910 |
Triangle Charter Education Association Inc Cary, NC | $23,775,884 | $15,148,719 |
Crossroads Charter Schools Kansas City, MO | $14,061,355 | $16,288,564 |
Invest Collegiate Imagine Inc Asheville, NC | $38,770,080 | $14,359,175 |
Henderson Collegiate Henderson, NC | $34,215,458 | $16,220,503 |
Coastal Plains Education Center Inc Metter, GA | $21,944,449 | $17,839,473 |
Mountain Island Charter School Inc Mount Holly, NC | $10,307,817 | $15,645,892 |