Grosse Pointe Academy
- Assets
- $18.1m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 93
- Location
- Grosse Pointe Farms, MI
- Founding
- 11/1974
- Data as of
- 06/2021
- EIN
- 38-1359080
Organization Overview
Grosse Pointe Academy is located in Grosse Pointe Farms, MI. The organization was established in 1974. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Grosse Pointe Academy employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grosse Pointe 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, Grosse Pointe Academy generated $6.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $5.8m during the year ending 06/2021. While expenses have increased by 0.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GROSSE POINTE ACADEMY IS AN INDEPENDENT, COEDUCATIONAL DAY SCHOOL SERVING CHILDREN IN EARLY SCHOOL THROUGH GRADE EIGHT. THE ACADEMY IS A CHRISTIAN BASED SCHOOL THAT EMBRACES STUDENTS FROM ALL RELIGIONS.
Describe the Organization's Program Activity:
AN INDEPENDENT EDUCATIONAL INSTITUTION THAT PROVIDES AN ENVIRONMENT OF LEARNING FOR STUDENTS IN GRADES PRESCHOOL THROUGH EIGHT OF VARIOUS SOCIAL, ECONOMIC, RELIGIOUS, AND CULTURAL BACKGROUNDS.
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 |
|---|---|---|---|
Thomas Adams Head Of School - Ex-Offici | Officer | 40 | $198,029 |
Andrea Provenzano President | OfficerTrustee | 5 | $0 |
Charles Tourangeau Treasurer | OfficerTrustee | 5 | $0 |
Dr Peter Donaldson Secretary | OfficerTrustee | 5 | $0 |
T Hart Mecke III Vice-President | OfficerTrustee | 5 | $0 |
Bridget Bearss Rscj Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fh Martin Constructors General Contractor | 6/29/21 | $482,373 |
The Courtsmiths Tennis Court Construction Company | 6/29/21 | $124,774 |
Hks Architects - Detroit Architects | 6/29/21 | $227,907 |
Plum Market Food Service Llc Food Service Provider | 6/29/21 | $226,849 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $171,387 |
| Related organizations | $0 |
| Government grants | $562,070 |
| All other contributions, gifts, grants, and similar amounts not included above | $242,792 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $976,249 |
| Total Program Service Revenue | $4,342,003 |
| Investment income | $73,361 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$6,875 |
| Net Gain/Loss on Asset Sales | $334,624 |
| Net Income from Fundraising Events | $359,349 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,078,711 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $902,193 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $198,029 |
| Compensation of current officers, directors, key employees. | $62,781 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,325,167 |
| Pension plan accruals and contributions | $32,729 |
| Other employee benefits | $277,080 |
| Payroll taxes | $172,894 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,150 |
| Fees for services: Accounting | $40,732 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $258,736 |
| Advertising and promotion | $62,015 |
| Office expenses | $276,148 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $491,725 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,386 |
| Interest | $109,635 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $494,890 |
| Insurance | $81,848 |
| All other expenses | $14,871 |
| Total functional expenses | $5,783,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,747 |
| Savings and temporary cash investments | $153,390 |
| Pledges and grants receivable | $4,050 |
| Accounts receivable, net | $23,319 |
| 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 | $58,981 |
| Net Land, buildings, and equipment | $10,073,675 |
| Investments—publicly traded securities | $7,492,768 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,108,930 |
| Accounts payable and accrued expenses | $291,130 |
| Grants payable | $0 |
| Deferred revenue | $353,966 |
| Tax-exempt bond liabilities | $5,241,518 |
| 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 | $7,273 |
| Other liabilities | $0 |
| Total liabilities | $5,893,887 |
| Net assets without donor restrictions | $9,122,185 |
| Net assets with donor restrictions | $3,092,858 |
| 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 | $18,108,930 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grosse Pointe Academy has recieved totaling $14,000.
| Awarding Organization | Amount |
|---|---|
Deseranno Foundation Grosse Pointe Farms, MI PURPOSE: EDUCATION | $14,000 |
Endowment Analysis
| Beg. Balance | $1,263,119 |
| Earnings | $92,688 |
| Ending Balance | $1,355,807 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hillel Day School Of Metropolitan Detroit Farmington Hills, MI | $33,929,140 | $16,693,073 |
Heritage Christian Schools Inc Indianapolis, IN | $19,759,630 | $19,173,955 |
Academy Of Basic Education Inc Brookfield, WI | $40,498,539 | $16,384,035 |
Lake Ridge Academy North Ridgeville, OH | $14,038,501 | $14,431,885 |
Orchard School Foundation Inc Indianapolis, IN | $60,553,415 | $15,394,463 |
Oaks Academy Inc Indianapolis, IN | $7,476,421 | $17,454,996 |
Yeshiva Derech Hatorah Cleveland Heights, OH | $14,161,211 | $18,658,686 |
Old Trail School Bath, OH | $25,123,722 | $12,148,304 |
Madison Country Day School Inc Waunakee, WI | $14,581,268 | $10,698,482 |
Zeeland Christian School Zeeland, MI | $19,623,288 | $11,238,716 |
Kalamazoo Christian School Association Kalamazoo, MI | $19,698,055 | $12,128,711 |
Cornerstone Academy Community School Westerville, OH | $16,929,635 | $10,436,135 |