Southampton Academy
- Assets
- $7.7m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 107
- Location
- Courtland, VA
- Founding
- 12/1972
- Data as of
- 06/2023
- EIN
- 54-0846894
Organization Overview
Southampton Academy is located in Courtland, VA. The organization was established in 1972. 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 06/2023, Southampton Academy employed 107 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southampton 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, Southampton Academy generated $4.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $4.7m during the year ending 06/2023. While expenses have increased by 0.9% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A PRIVATE EDUCATIONAL FACILITY FOR CHILDREN GRADES PRESCHOOL THRU TWELFTH GRADE
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL INSTITUTION - ENTITY IS A FULL SERVICE SCHOOL WITH CLASSES IN PRE-SCHOOL THROUGH 12TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Applewhite Chairman | OfficerTrustee | 2 | $0 |
Jenny Dixon Vice Chairma | OfficerTrustee | 2 | $0 |
Eric Drake Board Member | Trustee | 1 | $0 |
William L Holt Board Member | Trustee | 1 | $0 |
Harper A Thompson Board Member | Trustee | 1 | $0 |
Natalie Slate Board Member | Trustee | 1 | $0 |
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 | $448,838 |
| Noncash contributions included in lines 1a–1f | $2,010 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $448,838 |
| Total Program Service Revenue | $3,741,365 |
| Investment income | $34,131 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,338 |
| Net Income from Fundraising Events | $112,017 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,370,112 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $284,608 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $163,537 |
| Compensation of current officers, directors, key employees. | $163,537 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,400,992 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $116,712 |
| Payroll taxes | $191,393 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,110 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,919 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,450 |
| Office expenses | $32,015 |
| Information technology | $46,261 |
| Royalties | $0 |
| Occupancy | $122,781 |
| Travel | $71,823 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,251 |
| Interest | $108,751 |
| Payments to affiliates | $10,561 |
| Depreciation, depletion, and amortization | $248,205 |
| Insurance | $61,345 |
| All other expenses | $97,189 |
| Total functional expenses | $4,651,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,041,475 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,418 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,446 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,748,777 |
| Investments—publicly traded securities | $924,697 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,748,813 |
| Accounts payable and accrued expenses | $302,616 |
| Grants payable | $0 |
| Deferred revenue | $774,900 |
| 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 | $1,991,421 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,068,937 |
| Net assets without donor restrictions | $4,398,216 |
| Net assets with donor restrictions | $281,660 |
| 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 | $7,748,813 |