Wilson Academy Incorporated
- Assets
- $1.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Lithonia, GA
- Founding
- 09/2009
- Data as of
- 07/2022
- EIN
- 26-4423329
Organization Overview
Wilson Academy Incorporated is located in Lithonia, GA. The organization was established in 2009. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wilson Academy Incorporated 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 07/2022, Wilson Academy Incorporated generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $371.7k during the year ending 07/2022. While expenses have increased by 2.3% 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
TO PROVIDE HIGH QUALITY, STEM FOCUSED, PRIVATE EDUCATION, AT A REASONABLE COST. OUR PROGRAM WILL ALSO CREATE UNIQUE OPPORTUNITIES FOR AN UNDERSERVED AFRICAN-AMERICAN COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HIGH QUALITY, STEM FOCUSED, PRIVATE EDUCATION AT A REASONABLE COST TO STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Byron Wilson Headmaster | OfficerTrustee | 0 | $0 |
Tiffany Wilson Chair | Officer | 0 | $0 |
Minister Barber Mckie Board Member | Officer | 0 | $0 |
Dennie Sheats Secretary | Officer | 0 | $0 |
Marcus Sheats Board Member | Trustee | 0 | $0 |
Dr Terasa Wilborn Board Memeber | Trustee | 0 | $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 | $521,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $521,400 |
| Total Program Service Revenue | $958,874 |
| Investment income | $0 |
| 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 | $1,480,274 |
| 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. | $43,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $195,526 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,115 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $420 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $240 |
| Office expenses | $6,864 |
| Information technology | $1,250 |
| Royalties | $0 |
| Occupancy | $85,552 |
| Travel | $0 |
| 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 | $8,500 |
| Insurance | $6,231 |
| All other expenses | $300 |
| Total functional expenses | $371,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,166,249 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $161,500 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,327,749 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,327,749 |
| 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 | $1,327,749 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wilson Academy Incorporated has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $25,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $25,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Andrews School Of Boca Raton Inc Boca Raton, FL | $86,373,097 | $47,728,671 |
Lake Highland Preparatory School Inc Orlando, FL | $87,682,705 | $57,464,181 |
The Baylor School Chattanooga, TN | $270,105,763 | $47,683,171 |
University Of Nashville Montgomery Bell Academy Nashville, TN | $303,405,415 | $41,667,135 |
Montverde Academy Montverde, FL | $55,272,335 | $32,301,917 |
Rabun Gap-Nacoochee School Rabun Gap, GA | $105,001,665 | $32,375,355 |
Palmer Trinity Private School Inc Palmetto Bay, FL | $91,390,503 | $34,552,191 |
Episcopal School Of Jacksonville Inc Jacksonville, FL | $51,998,988 | $26,337,584 |
Belen Jesuit Preparatory School Inc Miami, FL | $43,846,695 | $27,791,869 |
Tallulah Falls School Inc Tallulah Falls, GA | $76,684,503 | $23,311,796 |
Cary Academy Cary, NC | $92,134,722 | $26,213,526 |
Whitefield Academy Inc Mableton, GA | $76,378,322 | $24,777,271 |