West Nottingham Academy
- Assets
- $6.1m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 37
- Location
- Colora, MD
- Founding
- 08/1935
- Data as of
- 06/2023
- EIN
- 52-0591693
Organization Overview
West Nottingham Academy is located in Colora, MD. The organization was established in 1935. 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 06/2023, West Nottingham Academy employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Nottingham 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 06/2023, West Nottingham Academy generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $4.8m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRE AND EDUCATE STUDENTS TO BECOME SOCIALLY AWARE LEADERS AND INNOVATORS WHO POSITIVELY IMPACT THEIR COMMUNITIES AROUND THE WORLD
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEST NOTTINGHAM ACADEMY IS A DIVERSE STUDENT-CENTERED BOARDING AND DAY SCHOOL FOR YOUNG MEN AND WOMEN IN 9TH THROUGH 12TH GRADES AND POST-GRADUATE. SINCE ITS FOUNDING IN 1744 THE ACADEMY HAS PREPARED STUDENTS FOR THE CHALLENGES OF COLLEGE AND LIFE THROUGH A CURRICULUM GROUNDED IN THE LIBERAL ARTS AND SCIENCES AND A COMMITMENT TO THE INTELLECTUAL SPIRITUAL AND SOCIAL GROWTH OF EACH STUDENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kiran Kulkarni Chairman | Trustee | 20 | $0 |
Arun Kulkarni Trustee | Trustee | 2 | $0 |
Jim Shone Trustee | Trustee | 20 | $0 |
Sandra Wirth Head Of School | Officer | 40 | $160,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brock And Company Food Services | 6/29/19 | $520,962 |
Star Building Services Janitorial Services | 6/29/19 | $106,093 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $363,465 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $363,465 |
| Total Program Service Revenue | $2,112,620 |
| Investment income | $0 |
| 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 | $2,476,085 |
| 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 | $1,988,828 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $187,594 |
| Fees for services: Accounting | $0 |
| 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 | $90,675 |
| Information technology | $92,519 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $100,020 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $143,203 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $426,631 |
| Insurance | $157,831 |
| All other expenses | $96,950 |
| Total functional expenses | $4,765,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,409 |
| Savings and temporary cash investments | $138,512 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $5,792,609 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,092,530 |
| Accounts payable and accrued expenses | $1,034,623 |
| Grants payable | $0 |
| Deferred revenue | $460,795 |
| 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 | $5,379,738 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,015,807 |
| Total liabilities | $7,890,963 |
| Net assets without donor restrictions | -$1,798,433 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $6,092,530 |