Marjorie Williams Academy
- Assets
- $997.1k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 37
- Location
- Crossnore, NC
- Founding
- 12/1999
- Data as of
- 06/2024
- EIN
- 56-2100063
Organization Overview
Marjorie Williams Academy is located in Crossnore, NC. The organization was established in 1999. 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, Marjorie Williams Academy employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marjorie Williams 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 06/2024, Marjorie Williams Academy generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $2.3m during the year ending 06/2024. While expenses have increased by 5.9% 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
THE ACADEMY IS A CHARTER SCHOOL OPERATING UNDER NORTH CAROLINA GOVERNMENTAL REGULATIONS. THE STUDENTS ARE RESIDENTS OF THE CHILDRENS HOME WHERE THE CAMPUS IS LOCATED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACADEMY SERVED 115 UNDERPRIVILEGED STUDENTS PROVIDING PRIMARY AND SECONDARY EDUCATION UNDER THE REGULATION OF THE NORTH CAROLINA DEPARTMENT OF INSTRUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cyndi Austin Principal | Officer | 40 | $88,399 |
Samuel Phllips Director | Trustee | 1 | $0 |
Stacy Clark Director | Trustee | 1 | $0 |
Tommy Dellinger Director | Trustee | 0 | $0 |
Jeremy Burnett Director | Trustee | 0 | $0 |
Cynthia Oates Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,484,947 |
| All other contributions, gifts, grants, and similar amounts not included above | $121,251 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,606,198 |
| Total Program Service Revenue | $291,100 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,897,298 |
| 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 | $1,478,391 |
| Pension plan accruals and contributions | $68,468 |
| Other employee benefits | $242,512 |
| Payroll taxes | $109,249 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,000 |
| Advertising and promotion | $0 |
| Office expenses | $7,246 |
| Information technology | $31,309 |
| Royalties | $0 |
| Occupancy | $72,908 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,701 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,050 |
| Insurance | $33,666 |
| All other expenses | $0 |
| Total functional expenses | $2,279,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,374 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,040 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $450,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $304,721 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $997,135 |
| Accounts payable and accrued expenses | $2,541 |
| 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 | $600,000 |
| Other liabilities | $0 |
| Total liabilities | $602,541 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $89,873 |
| Paid-in or capital surplus, or land, building, or equipment fund | $304,721 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $997,135 |