Grandfather Academy Inc
- Assets
- $174.1k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 13
- Location
- Barium Springs, NC
- Founding
- 11/2004
- Data as of
- 06/2020
- EIN
- 56-1995527
Organization Overview
Grandfather Academy Inc is located in Barium Springs, NC. The organization was established in 2004. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2020, Grandfather Academy Inc employed 13 individuals. Grandfather 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 06/2020, Grandfather Academy Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $605.7k during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF CHARTER SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED EDUCATIONAL SERVICES PRIMARILY FOR BEHAVIORALLY TROUBLED YOUTH WITH AVAILABILITY TO THE PUBLIC AS NECESSARY.
THE ORGANIZATION PROVIDED EDUCATIONAL SERVICES PRIMARILY FOR BEHAVIORALLY TROUBLED YOUTH WITH AVAILABILITY TO THE PUBLIC AS NECESSARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Pam Vesley Chair | OfficerTrustee | 5 | $0 |
Stephanie Knowles Superintende | OfficerTrustee | 5 | $0 |
Barbara Houghland Finance Offi | Officer | 5 | $0 |
Kathy Boone Board Member | Trustee | 5 | $0 |
Bobbie Willard Board Member | Trustee | 5 | $0 |
Angelia Wilson Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $331,872 |
| Government grants | $574,995 |
| All other contributions, gifts, grants, and similar amounts not included above | $845 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $907,712 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $859,089 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,767,672 |
| 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 | $394,512 |
| Pension plan accruals and contributions | -$92,971 |
| Other employee benefits | $27,457 |
| Payroll taxes | $26,863 |
| Fees for services: Management | $70,025 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,789 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,493 |
| Advertising and promotion | $218 |
| Office expenses | $7,474 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $112,908 |
| Travel | $2,347 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $1,588 |
| Total functional expenses | $605,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,235 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $83,855 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $174,090 |
| Accounts payable and accrued expenses | $171,628 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $171,628 |
| Net assets without donor restrictions | $2,462 |
| 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 | $174,090 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Grandfather Academy Inc has recieved totaling $520,016.
| Awarding Organization | Amount |
|---|---|
Childrens Hope Alliance Barium Springs, NC PURPOSE: SERVICE GRANT | $260,008 |
Childrens Hope Alliance Barium Springs, NC PURPOSE: SERVICE GRANT | $260,008 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Open Arms Care Corporation Brentwood, TN | $14,259,217 | $57,379,282 |
Community Residences Inc Chantilly, VA | $8,965,819 | $35,349,534 |
Chris 180 Inc Atlanta, GA | $28,583,022 | $30,650,389 |
United Methodist Family Services Of Virginia Richmond, VA | $47,052,376 | $24,127,459 |
The Methodist Home For Children Inc Raleigh, NC | $8,593,476 | $22,308,559 |
St Marys Home For Disabled Children Inc Norfolk, VA | $13,262,085 | $25,556,306 |
The Arc Of North Carolina Inc Raleigh, NC | $5,247,562 | $22,153,285 |
Inreach Charlotte, NC | $7,913,848 | $23,092,110 |
Childrens Hope Alliance Barium Springs, NC | $38,599,237 | $18,471,668 |
Holston United Methodist Home For Children Inc Greeneville, TN | $27,641,839 | $16,110,226 |
Mur-Ci Homes Inc Antioch, TN | $9,901,370 | $14,568,313 |
Thornwell Clinton, SC | $68,857,237 | $15,147,057 |