Brunswick Academy Association Inc
- Assets
- $5.5m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 103
- Location
- Lawrenceville, VA
- Founding
- 12/1988
- Data as of
- 06/2022
- EIN
- 54-0759778
Organization Overview
Brunswick Academy Association Inc is located in Lawrenceville, VA. The organization was established in 1988. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Brunswick Academy Association Inc employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brunswick Academy Association 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, Brunswick Academy Association Inc generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $2.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF SCHOOL CHILDREN (GRADES PRESCHOOL TO TWELVE) (APPROXIMATELY 500 CHILDREN)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Franklin B Myers President | Officer | 2 | $0 |
Ray Thomas Sec Treas | Officer | 2 | $0 |
Barker Squire Finance/boar | Trustee | 2 | $0 |
Len Hobbs Board | Trustee | 2 | $0 |
Kendall Morris Board | Trustee | 2 | $0 |
Mitch Biggs Board | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $105,182 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,783 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $157,965 |
| Total Program Service Revenue | $2,455,851 |
| Investment income | $13,600 |
| 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 | $2,627,416 |
| 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 | $1,382,440 |
| Pension plan accruals and contributions | $10,600 |
| Other employee benefits | $68,556 |
| Payroll taxes | $115,583 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,100 |
| Fees for services: Accounting | $10,562 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $89,717 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,261 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $135,255 |
| Insurance | $83,855 |
| All other expenses | $219,631 |
| Total functional expenses | $2,656,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,089,036 |
| Savings and temporary cash investments | $460,056 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,658,487 |
| 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 | $1,795,300 |
| Investments—publicly traded securities | $514,395 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,517,274 |
| Accounts payable and accrued expenses | $21,148 |
| Grants payable | $0 |
| Deferred revenue | $2,348,165 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,369,313 |
| Net assets without donor restrictions | $2,756,757 |
| Net assets with donor restrictions | $391,204 |
| 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 | $5,517,274 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Brunswick Academy Association Inc has recieved totaling $436.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $436 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Louisville Collegiate School Louisville, KY | $44,243,091 | $19,424,992 |
Milton Gottesman Jewish Day School Of The Nations Capital Washington, DC | $47,850,998 | $22,230,618 |
Lincoln Charter School Inc Denver, NC | $10,014,512 | $18,722,799 |
Kentucky Country Day School Inc Louisville, KY | $45,327,857 | $17,940,550 |
Imagine Schools Inc Vienna, VA | $112,554,052 | $31,881,932 |
Capstone Education Group Inc Memphis, TN | $24,521,664 | $20,250,688 |
Meridian Public Charter School Washington, DC | $25,835,715 | $17,496,957 |
St Paul's School For Girls Inc Brooklandville, MD | $0 | $15,914,099 |
Sayre School Lexington, KY | $37,948,520 | $16,925,718 |
St Johns Community Services - District Of Columbia Washington, DC | $113,804 | $20,352,755 |
Lexington Christian Academy Inc Lexington, KY | $37,177,484 | $18,280,442 |
Saint James School Inc Hagerstown, MD | $77,226,869 | $20,561,499 |