Tidewater Academy Inc
- Assets
- $1.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 64
- Location
- Wakefield, VA
- Founding
- 06/1971
- Data as of
- 06/2024
- 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 06/2024, Tidewater Academy Inc employed 64 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 06/2024, Tidewater Academy Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.7m during the year ending 06/2024. While expenses have increased by 1.2% 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
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Rogers Moore Chair | OfficerTrustee | 15 | $0 |
Jenny Lynn Ellis Secretary | OfficerTrustee | 1 | $0 |
Shannon West Lee Finance Chair | OfficerTrustee | 10 | $0 |
Dusty Scott Board Member | Trustee | 1 | $0 |
Joe Crews Board Member | Trustee | 3 | $0 |
Steve Berryman Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $86,191 |
| Related organizations | $0 |
| Government grants | $143,542 |
| All other contributions, gifts, grants, and similar amounts not included above | $126,607 |
| Noncash contributions included in lines 1a–1f | $43,995 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $356,340 |
| Total Program Service Revenue | $1,324,668 |
| Investment income | $3,057 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $27,129 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,711,194 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $122,543 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $97,124 |
| Compensation of current officers, directors, key employees. | $24,281 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $880,052 |
| Pension plan accruals and contributions | $11,470 |
| Other employee benefits | $64,036 |
| Payroll taxes | $67,899 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,891 |
| Fees for services: Accounting | $4,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,016 |
| Office expenses | $45,892 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,294 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,196 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,079 |
| Insurance | $43,414 |
| All other expenses | $0 |
| Total functional expenses | $1,668,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,219 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,522 |
| 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 | $965,999 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,078,740 |
| Accounts payable and accrued expenses | $84,023 |
| Grants payable | $0 |
| Deferred revenue | $53,793 |
| 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 | $86,583 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,141 |
| Total liabilities | $232,540 |
| Net assets without donor restrictions | $814,224 |
| Net assets with donor restrictions | $31,976 |
| 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 | $1,078,740 |