Brunswick Academy Association Inc
- Assets
- $6.9m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 92
- Location
- Lawrenceville, VA
- Founding
- 12/1988
- Data as of
- 06/2024
- 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 06/2024, Brunswick Academy Association Inc employed 92 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 06/2024, Brunswick Academy Association Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $3.3m during the year ending 06/2024. While expenses have increased by 3.2% per year over the past 8 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
2024
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 | $0 | |
Richard Short Vice Preside | Trustee | $0 | |
Ray Thomas Sec Treas | Officer | $0 | |
Barker Squire Finance/boar | Trustee | $0 | |
Kendall Morris Board | Trustee | $0 | |
Nancy Edwards Board | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $128,502 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,430 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $174,932 |
| Total Program Service Revenue | $3,206,833 |
| Investment income | $92,190 |
| 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 | $3,491,121 |
| 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 | $1,734,906 |
| Pension plan accruals and contributions | $12,793 |
| Other employee benefits | $133,282 |
| Payroll taxes | $135,942 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,523 |
| Fees for services: Accounting | $13,939 |
| 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 | $98,036 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,217 |
| Insurance | $106,054 |
| All other expenses | $357,843 |
| Total functional expenses | $3,334,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,706,864 |
| Savings and temporary cash investments | $1,482,264 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,379,742 |
| 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 | $1,657,115 |
| Investments—publicly traded securities | $648,782 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,874,767 |
| Accounts payable and accrued expenses | $12,698 |
| Grants payable | $0 |
| Deferred revenue | $2,867,544 |
| 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 | $2,880,242 |
| Net assets without donor restrictions | $3,610,692 |
| Net assets with donor restrictions | $383,833 |
| 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 | $6,874,767 |