Dorchester Academy Inc
- Assets
- $3.8m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 44
- Location
- Saint George, SC
- Founding
- 06/1974
- Data as of
- 06/2022
- EIN
- 57-0479230
Organization Overview
Dorchester Academy Inc is located in Saint George, SC. The organization was established in 1974. 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 06/2022, Dorchester Academy Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dorchester 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 06/2022, Dorchester Academy Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 6.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A COMPREHENSIVE EDUCATION CURRICULUM THAT ADDRESSES THE INDIVIDUAL NEEDS OF ALL STUDENTS, KINDERGARTEN THROUGH 12TH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DORCHESTER ACADEMY PROVIDES A COMPREHENSIVE EDUCATION CURRICULUM THAT ADDRESSES THE INDIVIDUAL NEEDS OF ALL STUDENTS, KINDERGARTEN THROUGH 12TH GRADE. THREE DIPLOMA TRACKS ARE OFFERED, AN HONORS TRACK, A COLLEGE PREPARATORY TRACK, AND A GENERAL TRACK. DORCHESTER ACADEMY EDUCATES THE WHOLE CHILD BY PROVIDING ACADEMIC, SPIRITUAL, AND SOCIAL LEARNING OPPORTUNITIES. AS DETERMINED BY THE BOARD OF DIRECTORS OF DORCHESTER ACADEMY, THE OBJECTIVES OF THE SCHOOL ARE TO PROVIDE A CHALLENGING COLLEGE PREPARATORY CURRICULUM AS A BACKGROUND WHICH DEVELOPS THE ACADEMIC POTENTIAL OF EACH STUDENT, TO CREATE AN ENVIRONMENT WHICH ENCOURAGES CREATIVITY AND FOSTERS AN APPRECIATION FOR LEARNING, TO CREATE RATIONAL, INDEPENDENT, AND ARTICULATE THINKERS, TO ENCOURAGE RESPONSIBILITY, SELF-DISCIPLINE, COMMITMENT TO ENVIRONMENTAL STEWARDSHIP, AND RESPECT WITHIN THE SCHOOL COMMUNITY, TO PROMOTE PHYSICAL FITNESS AND ENCOURAGE GOOD SPORTSMANSHIP THROUGH A VARIED AND COMPETITIVE ATHLETIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Rizzo Headmaster | Officer | 40 | $62,000 |
Melissa Burns Director | Trustee | 1 | $0 |
Jennifer Dantzler Director | Trustee | 1 | $0 |
Jason Byron Director | Trustee | 1 | $0 |
Brian Reeves Director | Trustee | 1 | $0 |
Trent Pendarvis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $218,000 |
| 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 | $218,000 |
| Total Program Service Revenue | $1,891,109 |
| Investment income | $403 |
| 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 | $2,321,316 |
| 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. | $63,279 |
| Compensation of current officers, directors, key employees. | $47,459 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $987,675 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,384 |
| Payroll taxes | $95,919 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,011 |
| Advertising and promotion | $2,261 |
| Office expenses | $7,267 |
| Information technology | $60,991 |
| Royalties | $0 |
| Occupancy | $229,541 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,546 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,490 |
| Insurance | $41,495 |
| All other expenses | $48,676 |
| Total functional expenses | $1,941,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,773 |
| Savings and temporary cash investments | $1,605,603 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $906,736 |
| 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 | $955,988 |
| Investments—publicly traded securities | $300,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,106 |
| Total assets | $3,830,206 |
| Accounts payable and accrued expenses | -$23 |
| Grants payable | $0 |
| Deferred revenue | $1,798,494 |
| 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 | $284,980 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,211 |
| Total liabilities | $2,103,662 |
| Net assets without donor restrictions | $1,726,544 |
| 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 | $3,830,206 |