Lee Academy Of Bishopville Inc
- Assets
- $2.3m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 85
- Location
- Bishopville, SC
- Founding
- 07/1966
- Data as of
- 06/2023
- EIN
- 57-0478027
Organization Overview
Lee Academy Of Bishopville Inc is located in Bishopville, SC. The organization was established in 1966. 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, Lee Academy Of Bishopville Inc employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lee Academy Of Bishopville 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 06/2023, Lee Academy Of Bishopville Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $3.0m during the year ending 06/2023. While expenses have increased by 8.0% per year over the past 7 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
LEE ACADEMYS MISSION IS TO PROVIDE QUALITY PRIVATE EDUCATION FOR STUDENTS FROM GRADES K-3 THROUGH SENIOR YEAR OF HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION FUNDS - PROVIDES A QUALITY EDUCATION FOR GRADES K3-12. THE SCHOOLS CURRICULM INCLUDES MATH, SCIENCE, ENGLISH, READING, WRITING, HISTORY, PHYSICAL EDUCATION AND SOCIAL STUDIES FRO 491 STUDENTS.
ACTIVITY FUND - PROVIDES STUDENTS THE EDUCATIONAL EXPERIENCE OF PARTICIPATING IN ORGANIZATIONS SUCH AS SCHOOL GOVERNMENT, YEARBOOK, AND BETA CLUB, APPROXIMATELY 225 PARTICIPANTS. SEE SCHEDULE O
REMAINING PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Ard Board Member | Trustee | 3 | $0 |
Harry Elmore Board Member | Trustee | 3 | $0 |
Jj June Board Member | Trustee | 3 | $0 |
Corrie Tindal Board Member | Trustee | 3 | $0 |
Taylor Atkinson Board Member | Trustee | 3 | $0 |
Kerry Frazier Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $509,133 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $509,133 |
| Total Program Service Revenue | $2,160,465 |
| Investment income | $10,503 |
| 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 | $60,052 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,857,175 |
| 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. | $78,590 |
| Compensation of current officers, directors, key employees. | $78,590 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,433,101 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $118,104 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,751 |
| Office expenses | $40,544 |
| Information technology | $71,970 |
| Royalties | $0 |
| Occupancy | $648,755 |
| Travel | $28,942 |
| 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 | $46,145 |
| Insurance | $77,861 |
| All other expenses | $100,211 |
| Total functional expenses | $2,973,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $768,639 |
| Savings and temporary cash investments | $539,377 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,866 |
| 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 | $1,000,532 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,327,414 |
| Accounts payable and accrued expenses | $7,823 |
| Grants payable | $0 |
| Deferred revenue | $196,827 |
| 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 | $124,426 |
| Total liabilities | $329,076 |
| Net assets without donor restrictions | $1,998,338 |
| 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 | $2,327,414 |