Academy For Classical Education Inc
- Assets
- $50.5m
- Revenue
- $22.7m
- Investments
- $2.4m
- Employees
- 255
- Location
- Macon, GA
- Founding
- 07/2014
- Data as of
- 06/2021
- EIN
- 46-3722435
Organization Overview
Academy For Classical Education Inc is located in Macon, GA. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2021, Academy For Classical Education Inc employed 255 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy For Classical Education 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, Academy For Classical Education Inc generated $22.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $21.1m during the year ending 06/2021. While expenses have increased by 11.3% per year over the past 4 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
ACADEMY FOR CLASSICAL EDUCATION IS A PUBLIC CHARTER SCHOOL SERVING GRADES K-12 IN MACON, GEORGIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FACILITIES, TEACHERS, INSTRUCTIONAL SERVICES AND MATERIALS FOR STUDENTS ENROLLED IN A PUBLIC CHARTER SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Perkins Principal/ce | Officer | 40 | $103,015 |
Esterine Stokes Chief Academ | Officer | 40 | $101,962 |
Pat Kelly Chief Financ | Officer | 40 | $97,503 |
Ember Bentley Director | Trustee | 2 | $0 |
Witt Gaither Board Chairp | Trustee | 2 | $0 |
Lee Gillis Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,578,823 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,415,157 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,993,980 |
| Total Program Service Revenue | $708,879 |
| Investment income | $257 |
| 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 | $22,703,116 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,791,612 |
| Pension plan accruals and contributions | $4,277,013 |
| Other employee benefits | $1,530,711 |
| Payroll taxes | $146,210 |
| Fees for services: Management | $87,665 |
| Fees for services: Legal | $43,221 |
| Fees for services: Accounting | $16,208 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $247,746 |
| Information technology | $271,965 |
| Royalties | $0 |
| Occupancy | $1,156,417 |
| Travel | $24,721 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,021,708 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $89,899 |
| All other expenses | $100,860 |
| Total functional expenses | $21,126,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,613,698 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,689,663 |
| 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 | $49,311 |
| Net Land, buildings, and equipment | $29,052,110 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,440,065 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,625,357 |
| Total assets | $50,470,204 |
| Accounts payable and accrued expenses | $2,242,982 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $34,118,470 |
| 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 | $26,314,565 |
| Total liabilities | $62,676,017 |
| 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 | -$3,223,719 |
| Retained earnings, endowment, accumulated income, or other funds | -$8,982,094 |
| Total liabilities and net assets/fund balances | $50,470,204 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Academy For Classical Education Inc has recieved totaling $5,548.
| Awarding Organization | Amount |
|---|---|
Taylor-Stevens Foundation Inc Macon, GA PURPOSE: EDUCATIONAL | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $548 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Container Royalties Supplemental Charleston, SC | $25,129,094 | $39,744,859 |
Jaeb Center For Health Research Inc Tampa, FL | $6,686,378 | $30,945,662 |
Sterling Co Gadsden, AL | $10,506,531 | $30,737,112 |
Operation Hope Inc Atlanta, GA | $42,513,861 | $45,427,739 |
Academy For Classical Education Inc Macon, GA | $50,470,204 | $22,703,116 |
Big Bend Hospice Inc Tallahassee, FL | $18,913,144 | $24,736,579 |
Second Wind Programs Inc Birmingham, AL | $5,585,002 | $12,560,505 |
New Mission Systems Inc Ft Myers, FL | $7,483,097 | $11,126,012 |
Oe Enterprises Incorporated Hillsborough, NC | $3,102,909 | $7,461,058 |
Contemporary Science Center Research Triangle Park, NC | $12,289,489 | $6,780,617 |
Deerwood Country Club Inc Jacksonville, FL | $10,155,508 | $6,981,612 |
Brotherhood Of Maintenance Of Way Employees Hendersonville, TN | $4,697,141 | $6,259,699 |