Sussex Academy Of Arts & Sciences Inc
- Assets
- $42.6m
- Revenue
- $13.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Georgetown, DE
- Founding
- 04/2000
- Data as of
- 06/2022
- EIN
- 51-0394512
Organization Overview
Sussex Academy Of Arts & Sciences Inc is located in Georgetown, DE. The organization was established in 2000. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary 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. Sussex Academy Of Arts & Sciences 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, Sussex Academy Of Arts & Sciences Inc generated $13.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $15.9m during the year ending 06/2022. While expenses have increased by 13.9% 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
THE MISSION OF THE SUSSEX ACADEMY IS TO PREPARE STUDENTS FOR FUTURE ACADEMIC SUCCESS BY PROVIDING AN ACCELERATED, SUPPORTIVE ACADEMIC ENVIRONMENT WITHIN A SMALL SCHOOL SETTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUSSEX ACADEMY SERVES STUDENTS IN GRADES K-12 IN A RIGOROUS AND CHALLENGING ACADEMIC ENVIRONMENT THAT PREPARES THEM FOR EXCELLENCE AFTER GRADUATION. DURING FISCAL YEAR 2022, THE ACADEMY HAD 1120 STUDENTS ENROLLED, OF WHICH 64 PARTICIPATED IN SPECIAL EDUCATION PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Anderson Head Of School | 40 | $139,250 | |
Duncan Smith Chief Operations Officer | Officer | 40 | $128,850 |
Sherry Macbury Dean Of Middle/high School | 40 | $113,283 | |
Connie Hendricks Dean Of Elementary School | 40 | $106,590 | |
Janet Owens Asst Dean Middle/high Scho | 40 | $100,770 | |
Sara Messina Teacher Rep/board Memeber | Trustee | 40 | $79,841 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,052,535 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,449 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,077,984 |
| Total Program Service Revenue | $568,601 |
| Investment income | $87 |
| 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 | $13,826,672 |
| 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. | $668,584 |
| Compensation of current officers, directors, key employees. | $44,706 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,977,775 |
| Pension plan accruals and contributions | $867,339 |
| Other employee benefits | $3,557,428 |
| Payroll taxes | $453,361 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,919 |
| Fees for services: Accounting | $14,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $399,833 |
| Advertising and promotion | $5,601 |
| Office expenses | $48,233 |
| Information technology | $12,043 |
| Royalties | $0 |
| Occupancy | $290,574 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,469 |
| Interest | $1,101 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $945,873 |
| Insurance | $64,252 |
| All other expenses | $4,900 |
| Total functional expenses | $15,900,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,333,365 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,495 |
| 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 | $19,899,690 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,370,671 |
| Total assets | $42,610,221 |
| Accounts payable and accrued expenses | $1,983,968 |
| 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 | $20,563,648 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,816,512 |
| Total liabilities | $62,364,128 |
| 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 | -$19,753,907 |
| Total liabilities and net assets/fund balances | $42,610,221 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sussex Academy Of Arts & Sciences Inc has recieved totaling $1,181.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,181 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Haverford School Haverford, PA | $200,207,536 | $63,658,264 |
Marion P Thomas Charter School Inc Newark, NJ | $17,560,259 | $37,041,604 |
Trustees Of Newark Academy Livingston, NJ | $113,328,907 | $35,913,632 |
Philadelphia Independent Mission Schools Philadelphia, PA | $39,191,945 | $38,175,969 |
Lakewood Chedar School Lakewood, NJ | $43,735,740 | $33,402,068 |
Golda Och Academy Inc West Orange, NJ | $16,688,223 | $21,390,950 |
Friends Select School Philadelphia, PA | $35,402,509 | $21,729,714 |
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
The Foundation Schools Largo, MD | $16,377,358 | $19,826,112 |
Sanford School Inc Hockessin, DE | $33,539,309 | $20,013,159 |
Annapolis Area Christian School Association Inc Severn, MD | $29,091,894 | $17,563,578 |