Tidewater Academy Inc
- Assets
- $1.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 67
- Location
- Wakefield, VA
- Founding
- 06/1971
- Data as of
- 06/2021
- EIN
- 54-0760977
Organization Overview
Tidewater Academy Inc is located in Wakefield, VA. The organization was established in 1971. 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 06/2021, Tidewater Academy Inc employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tidewater Academy 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, Tidewater Academy Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. While expenses have increased by 1.7% per year over the past 6 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
PROVIDE A THOROUGH ACADEMIC EDUCATION WITH EMPHASIS ON PREPARATION FOR COLLEGE; TO BUILD AN UNDERSTANDING AND RESPECT FOR LEARNING; TO CREATE IN EACH STUDENT A SENSE OF RESPONSIBILITY FOR EFFECTIVE LEADERSHIP, GOOD MORAL CHARACTER, AND AN APPRECIATION OF MORAL VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFERING STUDENTS A COLLEGE PREPARATORY FOUNDATION FOSTERING LIFETIME LEARNING, INSTILLING FAMILY VALUES AND GOOD CITIZENSHIP. ALSO, PREPARING STUDENTS FOR AN EVER-CHANGING WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Francis Head Of School | Officer | 40 | $74,103 |
Sharon Rogers Moore Chair | OfficerTrustee | 15 | $0 |
Damian Mauger Vice Chair | OfficerTrustee | 1 | $0 |
Jenny Lynn Ellis Secretary | OfficerTrustee | 1 | $0 |
Shannon Lee West Board Member | Trustee | 10 | $0 |
Steve Laine Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,391 |
| All other contributions, gifts, grants, and similar amounts not included above | $347,536 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $368,927 |
| Total Program Service Revenue | $1,269,849 |
| Investment income | $934 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $103,616 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,747,024 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $128,579 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,001 |
| Compensation of current officers, directors, key employees. | $61,435 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $954,990 |
| Pension plan accruals and contributions | $15,561 |
| Other employee benefits | $88,032 |
| Payroll taxes | $63,727 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $5,957 |
| Advertising and promotion | $4,560 |
| Office expenses | $48,918 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,068 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,111 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,594 |
| Insurance | $45,231 |
| All other expenses | $0 |
| Total functional expenses | $1,685,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,426 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,635 |
| 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 | $994,967 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,175,028 |
| Accounts payable and accrued expenses | $111,136 |
| Grants payable | $0 |
| Deferred revenue | $33,405 |
| 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 | $330,197 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $231,480 |
| Total liabilities | $706,218 |
| Net assets without donor restrictions | $468,810 |
| 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 | $1,175,028 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Tidewater Academy Inc has recieved totaling $47,151.
| Awarding Organization | Amount |
|---|---|
The Guilford Foundation Richmond, VA PURPOSE: ROOF REPLACEMENT | $46,000 |
Equitable Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $950 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $201 |
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 |