Laurens Academy Inc is located in Laurens, SC. The organization was established in 1996. 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, Laurens Academy Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laurens 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, Laurens Academy Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. 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
LAURENS ACADEMY, INC. PROVIDES A SAFE, SECURE ENVIRONMENT THAT WILL ENHANCE EACH STUDENT'S OPPORTUNITY TO DEVELOP TO HIS OR HER HIGHEST POTENTIAL ACADEMICALLY, EMOTIONALLY, PHYSICALLY, SOCIALLY, AND SPIRITUALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LUNCHROOM
EDUCATIONAL
OTHER PROGRAM RELATED EXPENSES
OTHER PROGRAM RELATED EXPENSES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Todd Kirk Headmaster | Officer | 40 | $45,990 |
Karla Evans Trustee/dire | Trustee | 1 | $0 |
Andy Howard Trustee/dire | Trustee | 1 | $0 |
Ben Irwin Trustee/dire | Trustee | 1 | $0 |
Megan Huck Trustee/dire | Trustee | 1 | $0 |
Ben Langston Trustee/dire | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $354,562 |
All other contributions, gifts, grants, and similar amounts not included above | $138,800 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $493,362 |
Total Program Service Revenue | $1,510,297 |
Investment income | $48 |
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 | $2,003,707 |
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. | $45,991 |
Compensation of current officers, directors, key employees. | $6,899 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $552,085 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $17,522 |
Payroll taxes | $48,011 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $43,139 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $16,762 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $43,380 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $26,029 |
All other expenses | $107,914 |
Total functional expenses | $1,269,296 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $770,365 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $212,922 |
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 | $1,646,774 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $39,600 |
Other assets | $0 |
Total assets | $2,669,661 |
Accounts payable and accrued expenses | $2,635 |
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 | $1,053,262 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $6,465 |
Total liabilities | $1,062,362 |
Net assets without donor restrictions | $1,607,299 |
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 | $2,669,661 |
Over the last fiscal year, we have identified 1 grants that Laurens Academy Inc has recieved totaling $156.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $156 |
Organization Name | Assets | Revenue |
---|---|---|
Ashley Hall Foundation Charleston, SC | $53,552,404 | $18,962,378 |
Heathwood Hall Episcopal School Columbia, SC | $39,181,921 | $20,445,816 |
Brookstone School Inc Columbus, GA | $71,035,506 | $24,481,396 |
Greenville Renewable Energy Education Charter School Greenville, SC | $26,163,515 | $17,750,984 |
Lincoln Charter School Inc Denver, NC | $10,014,512 | $18,722,799 |
Savannah Christian Preparatory School Inc Savannah, GA | $28,769,990 | $18,697,901 |
Strong Rock Christian School Inc Locust Grove, GA | $18,179,980 | $18,285,975 |
Fellowship Christian School Inc Roswell, GA | $48,536,188 | $18,034,878 |
Dubois Integrity Academy Inc Riverdale, GA | $36,435,666 | $18,797,787 |
St Francis Day School Inc Roswell, GA | $35,555,718 | $15,564,442 |
Providence Christian Academy Inc Lilburn, GA | $23,088,680 | $16,091,514 |
Carolina Friends School Durham, NC | $47,718,399 | $15,676,975 |