Tallulah Falls School Inc
- Assets
- $76.7m
- Revenue
- $23.3m
- Investments
- $0.0
- Employees
- 212
- Location
- Tallulah Falls, GA
- Founding
- 10/1941
- Data as of
- 06/2022
- EIN
- 58-0600867
Organization Overview
Tallulah Falls School Inc is located in Tallulah Falls, GA. The organization was established in 1941. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Tallulah Falls School Inc employed 212 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tallulah Falls School 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, Tallulah Falls School Inc generated $23.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $24.9m during the year ending 06/2022. While expenses have increased by 7.8% 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
TALLULAH FALLS SCHOOL IS AN INDEPENDENT, FULLY ACCREDITED, COLLEGE PREPARATORY BOARDING AND DAY SCHOOL SERVING STUDENTS IN GRADES 5 - 12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATIONS OF A FULLY, ACCREDITED LEARNING INSTITUTION FOR GRADES 5 - 12
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Peevy President | Officer | 40 | $445,779 |
Mark Rasmussen Vp-Business | Officer | 40 | $190,750 |
Amy Atkinson Trustee | Trustee | 2 | $0 |
Rick Story Trustee | Trustee | 2 | $0 |
Kathy Hanna Trustee | Trustee | 2 | $0 |
Donna Foland Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,368 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,687,290 |
| Noncash contributions included in lines 1a–1f | $7,303 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,694,658 |
| Total Program Service Revenue | $11,326,689 |
| Investment income | $104,656 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $85,481 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $71,140 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,311,796 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,410,833 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $622,708 |
| Compensation of current officers, directors, key employees. | $622,708 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,033,478 |
| Pension plan accruals and contributions | $308,731 |
| Other employee benefits | $2,314,222 |
| Payroll taxes | $511,147 |
| Fees for services: Management | $117,189 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $70,045 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $96,950 |
| Office expenses | $56,839 |
| Information technology | $177,376 |
| Royalties | $0 |
| Occupancy | $342,374 |
| Travel | $268,287 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $320,951 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,783,961 |
| Insurance | $484,826 |
| All other expenses | $1,150,078 |
| Total functional expenses | $24,864,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,068,835 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,573,459 |
| 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 | $43,280,443 |
| Investments—publicly traded securities | $21,761,766 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $76,684,503 |
| Accounts payable and accrued expenses | $779,588 |
| Grants payable | $0 |
| Deferred revenue | $4,142,677 |
| Tax-exempt bond liabilities | $11,029,270 |
| 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 | -$63,084 |
| Total liabilities | $15,888,451 |
| Net assets without donor restrictions | $58,178,167 |
| Net assets with donor restrictions | $2,617,885 |
| 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 | $76,684,503 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tallulah Falls School Inc has recieved totaling $10,874,387.
| Awarding Organization | Amount |
|---|---|
Lettie Pate Evans Foundation Inc Trustee Of The Restricted Fund Uw Atlanta, GA PURPOSE: General support | $10,873,724 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $663 |
Endowment Analysis
| Beg. Balance | $23,729,322 |
| Earnings | -$1,981,425 |
| Net Contributions | $13,869 |
| Ending Balance | $21,761,766 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Andrews School Of Boca Raton Inc Boca Raton, FL | $86,373,097 | $47,728,671 |
Lake Highland Preparatory School Inc Orlando, FL | $87,682,705 | $57,464,181 |
The Baylor School Chattanooga, TN | $270,105,763 | $47,683,171 |
University Of Nashville Montgomery Bell Academy Nashville, TN | $303,405,415 | $41,667,135 |
Montverde Academy Montverde, FL | $55,272,335 | $32,301,917 |
Rabun Gap-Nacoochee School Rabun Gap, GA | $105,001,665 | $32,375,355 |
Palmer Trinity Private School Inc Palmetto Bay, FL | $91,390,503 | $34,552,191 |
Episcopal School Of Jacksonville Inc Jacksonville, FL | $51,998,988 | $26,337,584 |
Belen Jesuit Preparatory School Inc Miami, FL | $43,846,695 | $27,791,869 |
Tallulah Falls School Inc Tallulah Falls, GA | $76,684,503 | $23,311,796 |
Cary Academy Cary, NC | $92,134,722 | $26,213,526 |
Whitefield Academy Inc Mableton, GA | $76,378,322 | $24,777,271 |