Richard Winn Academy
- Assets
- $2.3m
- Revenue
- $472.6k
- Investments
- $0.0
- Employees
- 60
- Location
- Winnsboro, SC
- Founding
- 03/1981
- Data as of
- 06/2023
- EIN
- 57-0479330
Organization Overview
Richard Winn Academy is located in Winnsboro, SC. The organization was established in 1981. 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, Richard Winn Academy employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richard Winn 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 06/2023, Richard Winn Academy generated $472.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2023. 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
TO PROVIDE A SUPERIOR EDUCATION FOR PREKINDERGARTEN THROUGH TWELFTH GRADE STUDENTS IN A SAFE, WELL-DISCIPLINED AND NURTURING ENVIRONMENT. THIS MISSION HAS REMAINED CONSTANT THROUGHOUT THE 50 PLUS YEAR HISTORY OF THE SCHOOL. FOUNDERS COMMITTED TO A STRONG BASIC, TRADITIONAL EDUCATION FOR ALL STUDENTS. AN EDUCATION THAT PROVIDES THE FOUNDATION FOR COLLEGE AND HIGHER LEARNING, CREATIVE THINKING AND PROBLEM-SOLVING SKILLS, AND LIFELONG LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION FOR STUDENTS FROM GRADE K-5 THROUGH 12 ALONG WITH EXTRACURRICULAR ACTIVITIES SUCH AS ATHLETICS AND ACADEMIC CHALLENGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristen Chaisson Head Of School | OfficerTrustee | 60 | $60,359 |
Brian Bonds Chairman | OfficerTrustee | 4 | $0 |
Todd Warren Vice Chairman | OfficerTrustee | 4 | $0 |
Alex Lewis Secretary | OfficerTrustee | 4 | $0 |
Brice Williams Treasurer | OfficerTrustee | 4 | $0 |
Page Wade Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,680 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,620 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,300 |
| Total Program Service Revenue | $202,354 |
| Investment income | $322 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $74,176 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $472,556 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $59,020 |
| Compensation of current officers, directors, key employees. | $10,624 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $932,353 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,956 |
| Payroll taxes | $75,514 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,552 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,633 |
| Advertising and promotion | $3,576 |
| Office expenses | $26,788 |
| Information technology | $14,837 |
| Royalties | $0 |
| Occupancy | $95,161 |
| Travel | $17,360 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,228 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,144 |
| Insurance | $41,747 |
| All other expenses | $3,802 |
| Total functional expenses | $1,609,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $871,700 |
| Savings and temporary cash investments | $188,478 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $759,702 |
| 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 | $286,163 |
| Investments—publicly traded securities | $102,028 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $84,492 |
| Total assets | $2,292,563 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $1,423,532 |
| 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 | $54,067 |
| Total liabilities | $1,477,599 |
| Net assets without donor restrictions | $711,782 |
| Net assets with donor restrictions | $103,182 |
| 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 | $2,292,563 |