Wayland Academy
- Assets
- $38.8m
- Revenue
- $5.8m
- Investments
- $69.9k
- Employees
- 56
- Location
- Beaver Dam, WI
- Founding
- 02/1945
- Data as of
- 06/2022
- EIN
- 39-0806363
Organization Overview
Wayland Academy is located in Beaver Dam, WI. The organization was established in 1945. 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 06/2022, Wayland Academy employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wayland 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 06/2022, Wayland Academy generated $5.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $6.5m during the year ending 06/2022. 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
WAYLAND ACADEMY PREPARES EACH STUDENT FOR COLLEGE AND BEYOND THROUGH A LIBERAL ARTS CURRICULUM AND CAMPUS PROGRAMS DEVOTED TO THE PURSUIT OF KNOWLEDGE AND THE DEVELOPMENT OF CHARACTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WAYLAND ACADEMY IS A COEDUCATIONAL COLLEGE PREPARATORY BOARDING AND DAY SCHOOL FOR STUDENTS IN GRADES 9 TO 12. AT WAYLAND ACADEMY, WE PREPARE EACH STUDENT FOR COLLEGE AND BEYOND THROUGH A LIBERAL ARTS CURRICULUM AND CAMPUS PROGRAMS DEVOTED TO THE PURSUIT OF KNOWLEDGE AND THE DEVELOPMENT OF CHARACTER. FOR THE 2021-2022 ACADEMIC YEAR, 126 STUDENTS REPRESENTED 20 COUNTRIES AND 11 STATES WERE ENROLLED AT WAYLAND ACADEMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Warnick Head Of School | Officer | 40 | $240,527 |
Janel Vertz Chief Financial Officer | Officer | 40 | $133,719 |
David Larson Chair | OfficerTrustee | 2 | $0 |
Dottie Jung Vice Chair | OfficerTrustee | 2 | $0 |
Shelley Greenwood Vice Chair | OfficerTrustee | 2 | $0 |
Michael Vanharen Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Inter-quest Inc Technology Services | 6/29/22 | $190,840 |
Sodexo Inc Facilities Management And Food Service | 6/29/22 | $1,336,814 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $152,173 |
| Related organizations | $0 |
| Government grants | $566,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,897,138 |
| Noncash contributions included in lines 1a–1f | $268,777 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,616,211 |
| Total Program Service Revenue | $2,864,396 |
| Investment income | $267,057 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $63,163 |
| Net Income from Fundraising Events | $17,998 |
| Net Income from Gaming Activities | $8,500 |
| Net Income from Sales of Inventory | -$10,425 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,826,900 |
| 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. | $399,336 |
| Compensation of current officers, directors, key employees. | $399,336 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,034,605 |
| Pension plan accruals and contributions | $44,535 |
| Other employee benefits | $159,408 |
| Payroll taxes | $164,900 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,915 |
| Fees for services: Accounting | $25,877 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $89,116 |
| Fees for services: Other | $1,528,833 |
| Advertising and promotion | $36,707 |
| Office expenses | $312,177 |
| Information technology | $199,705 |
| Royalties | $0 |
| Occupancy | $344,894 |
| Travel | $118,141 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $98,292 |
| Interest | $8,120 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $486,134 |
| Insurance | $169,790 |
| All other expenses | $0 |
| Total functional expenses | $6,498,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,626 |
| Savings and temporary cash investments | $1,019,060 |
| Pledges and grants receivable | $1,021,534 |
| Accounts receivable, net | $74,098 |
| 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 | $221,372 |
| Net Land, buildings, and equipment | $15,839,676 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $69,887 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,411,905 |
| Total assets | $38,778,158 |
| Accounts payable and accrued expenses | $126,987 |
| Grants payable | $0 |
| Deferred revenue | $1,478,095 |
| 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 | $3,319,758 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $174,327 |
| Total liabilities | $5,099,167 |
| Net assets without donor restrictions | $5,111,904 |
| Net assets with donor restrictions | $28,567,087 |
| 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 | $38,778,158 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wayland Academy has recieved totaling $2,750.
| Awarding Organization | Amount |
|---|---|
The Jack And Arlene Schumann Foundation Inc Fall River, WI PURPOSE: CHARITABLE GIVING | $2,750 |
Endowment Analysis
| Beg. Balance | $23,469,408 |
| Earnings | -$2,551,926 |
| Admin Expense | $62,776 |
| Net Contributions | $205,844 |
| Other Expense | $1,620,000 |
| Ending Balance | $19,440,550 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wheaton Academy West Chicago, IL | $41,216,883 | $18,989,425 |
Greenhills School Ann Arbor, MI | $38,781,499 | $17,943,367 |
Higher Ground Academy St Paul, MN | $14,123,889 | $16,161,479 |
St Johns Northwestern Military Academy Inc Delafield, WI | $17,393,633 | $8,781,742 |
Conserve School Corporation Land O Lakes, WI | $44,507,562 | $11,154,750 |
North Lawndale College Preparatory Charter High School Chicago, IL | $2,962,197 | $11,158,791 |
Michigan High School Athletic Assn Inc East Lansing, MI | $9,673,954 | $13,683,517 |
Cotter Schools Winona, MN | $89,286,042 | $67,304,233 |
Chicago High School For The Arts Chicago, IL | $2,941,878 | $11,358,918 |
Illinois High School Association Bloomington, IL | $9,005,242 | $12,463,504 |
Yeshivas Kesser Yonah Chicago, IL | $9,411,885 | $10,390,976 |
Marshall School Duluth, MN | $17,596,979 | $9,866,357 |