Augusta Heritage Academy Inc
- Assets
- $10.1m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 71
- Location
- Augusta, GA
- Founding
- 11/2000
- Data as of
- 06/2022
- EIN
- 31-1727988
Organization Overview
Augusta Heritage Academy Inc is located in Augusta, GA. The organization was established in 2000. 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 06/2022, Augusta Heritage Academy Inc employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Augusta Heritage 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 06/2022, Augusta Heritage Academy Inc generated $6.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 60.3% each year . All expenses for the organization totaled $3.2m during the year ending 06/2022. While expenses have increased by 20.6% per year over the past 3 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 A QUALITY EDUCATION FOR STUDENTS FROM PRE K THRU THE EIGHTH GRADE PRIMARILY FROM LOW INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A QUALITY EDUCATION TO PRE K, KINDERGARTEN, PRIMARY, AND MIDDLE SCHOOL STUDENTS PRIMARILY FROM LOW INCOME FAMILIES. THERE WERE 331 STUDENTS ENROLLED IN THE 2021-2022 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Linda M Tucciarone Executive Direc | OfficerTrustee | 40 | $76,992 |
Jan Hitchcock Principal | Officer | 0 | $41,417 |
Adam Hatcher Director | Trustee | 1 | $0 |
Will Morris IV Director | Trustee | 1 | $0 |
Eric Smith Director | Trustee | 1 | $0 |
Bill Cleveland Chairman | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $269,958 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,019,111 |
| Noncash contributions included in lines 1a–1f | $649,151 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,289,069 |
| Total Program Service Revenue | $983,796 |
| Investment income | $6,221 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $48,646 |
| Net Income from Fundraising Events | $41,110 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,368,842 |
| 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. | $82,909 |
| Compensation of current officers, directors, key employees. | $46,195 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,842,903 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $87,829 |
| Payroll taxes | $142,629 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,103 |
| Fees for services: Accounting | $4,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,871 |
| Fees for services: Other | $29,605 |
| Advertising and promotion | $0 |
| Office expenses | $9,610 |
| Information technology | $49,795 |
| Royalties | $0 |
| Occupancy | $170,790 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $107 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $246,848 |
| Insurance | $34,583 |
| All other expenses | $157,046 |
| Total functional expenses | $3,193,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118 |
| Savings and temporary cash investments | $1,151,239 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,280 |
| 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 | $21,429 |
| Net Land, buildings, and equipment | $6,333,088 |
| Investments—publicly traded securities | $228,375 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,379,457 |
| Total assets | $10,114,986 |
| Accounts payable and accrued expenses | $13,158 |
| 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 | $9,056 |
| Total liabilities | $22,214 |
| Net assets without donor restrictions | $0 |
| 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 | $10,092,772 |
| Total liabilities and net assets/fund balances | $10,114,986 |