Southampton Academy
- Assets
- $8.5m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 105
- Location
- Courtland, VA
- Founding
- 12/1972
- Data as of
- 06/2021
- 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 06/2021, Southampton Academy employed 105 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 06/2021, Southampton Academy generated $3.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $4.0m during the year ending 06/2021. While expenses have increased by 4.5% 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
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 |
|---|---|---|---|
Scott Wasdin Former Headm | 40 | $122,417 | |
John P Jones Jr Chairman | OfficerTrustee | 2 | $0 |
Brandon Applewhite Finance Chai | OfficerTrustee | 2 | $0 |
Alice Shaffer Board Member | OfficerTrustee | 1 | $0 |
Davis Rose Jr Board Member | Trustee | 1 | $0 |
Olivia Claud 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 | $510,251 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $510,251 |
| Total Program Service Revenue | $2,817,746 |
| Investment income | $18,158 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,442 |
| Net Income from Fundraising Events | $23,223 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,882,996 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $193,650 |
| 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 | $2,203,029 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $133,294 |
| Payroll taxes | $163,569 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,998 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,220 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,204 |
| Office expenses | $27,973 |
| Information technology | $20,482 |
| Royalties | $0 |
| Occupancy | $100,972 |
| Travel | $65,350 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $69 |
| Interest | $96,794 |
| Payments to affiliates | $8,229 |
| Depreciation, depletion, and amortization | $248,262 |
| Insurance | $60,127 |
| All other expenses | $246,081 |
| Total functional expenses | $4,040,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $620 |
| Savings and temporary cash investments | $1,208,403 |
| Pledges and grants receivable | $53,529 |
| Accounts receivable, net | $19,030 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,228 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,111,692 |
| Investments—publicly traded securities | $1,049,096 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,453,598 |
| Accounts payable and accrued expenses | $43,784 |
| Grants payable | $0 |
| Deferred revenue | $890,682 |
| 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 | $2,658,562 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,593,028 |
| Net assets without donor restrictions | $4,518,719 |
| Net assets with donor restrictions | $341,851 |
| 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 | $8,453,598 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Southampton Academy has recieved totaling $9,358.
| Awarding Organization | Amount |
|---|---|
International Paper Company Foundation Memphis, TN PURPOSE: PLAY SYSTEMS FOR LOWER SCHOOL RECREATION AREA | $6,500 |
Birdsong Charitable Foundation Inc Suffolk, VA PURPOSE: EDCUATION | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $258 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100 |
Endowment Analysis
| Beg. Balance | $854,125 |
| Earnings | $228,036 |
| Admin Expense | $10,220 |
| Other Expense | $70,000 |
| Ending Balance | $1,001,941 |
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 |