Brevard Academy
- Assets
- $10.4m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 78
- Location
- Pisgah Forest, NC
- Founding
- 05/1998
- Data as of
- 06/2021
- EIN
- 56-2049981
Organization Overview
Brevard Academy is located in Pisgah Forest, NC. The organization was established in 1998. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Brevard Academy employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brevard 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, Brevard Academy generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $4.8m during the year ending 06/2021. While expenses have increased by 13.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A NORTH CAROLINA PUBLIC CHARTER SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATION TO APPROXIMATELY 379 STUDENTS IN BREVARD, NC FOR THE FISCAL YEAR ENDED 6/30/21.
PROVIDED EDUCATION TO APPROXIMATELY 379 STUDENTS IN BREVARD, NC FOR THE FISCAL YEAR ENDED 6/30/21.
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 |
|---|---|---|---|
Richard Duncan Director Of | Officer | 40 | $83,548 |
Mark Campanini Board Chair | OfficerTrustee | 1 | $0 |
Myranda Nash Vice Chair | OfficerTrustee | 1 | $0 |
Jamie Atkins Secretary | OfficerTrustee | 1 | $0 |
Lee Burgess Treasurer | OfficerTrustee | 1 | $0 |
Mark Franklin Director | Trustee | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $185,219 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,462 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $290,681 |
| Total Program Service Revenue | $4,232,820 |
| Investment income | $77 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,663,677 |
| 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. | $104,178 |
| Compensation of current officers, directors, key employees. | $104,178 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,190,389 |
| Pension plan accruals and contributions | $525,972 |
| Other employee benefits | $407,487 |
| Payroll taxes | $173,483 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,170 |
| Fees for services: Accounting | $9,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $494,355 |
| Advertising and promotion | $7,282 |
| Office expenses | $88,369 |
| Information technology | $60,113 |
| Royalties | $0 |
| Occupancy | $98,340 |
| Travel | $7,890 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,835 |
| Interest | $166,250 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $251,003 |
| Insurance | $16,906 |
| All other expenses | $30,565 |
| Total functional expenses | $4,793,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $852,680 |
| Savings and temporary cash investments | $99,767 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,605 |
| 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 | $5,018 |
| Net Land, buildings, and equipment | $7,050,292 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,349,930 |
| Total assets | $10,360,292 |
| Accounts payable and accrued expenses | $19,945 |
| 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 | $6,869,450 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,477,626 |
| Total liabilities | $14,367,021 |
| Net assets without donor restrictions | -$4,006,729 |
| 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 | $10,360,292 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Brevard Academy has recieved totaling $450.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $450 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trinity School Inc Atlanta, GA | $133,203,671 | $25,058,941 |
Hammond School Columbia, SC | $54,753,815 | $20,190,119 |
Carolina Day School Inc Asheville, NC | $29,412,889 | $19,874,947 |
Republic Schools Nashville Nashville, TN | $31,048,580 | $24,002,902 |
Congressional School Inc Falls Church, VA | $21,870,095 | $18,184,082 |
Nansemond-Suffolk Academy Association Incorporated Suffolk, VA | $19,895,333 | $17,664,822 |
Summit School Inc Winstonsalem, NC | $46,496,346 | $18,682,492 |
North Cobb Christian School Inc Kennesaw, GA | $44,288,708 | $22,180,039 |
Christian Academy Of Knoxville Inc Knoxville, TN | $16,374,308 | $19,411,697 |
Cornerstone Academy Inc Morristown, TN | $83,376,022 | $25,507,605 |
Piedmont Community Charter School Gastonia, NC | $39,263,540 | $16,321,598 |
Franklin Academy Inc Wake Forest, NC | $23,533,490 | $17,154,874 |