Tallulah Falls School Inc
- Assets
- $77.9m
- Revenue
- $26.0m
- Investments
- $0.0
- Employees
- 258
- Location
- Tallulah Falls, GA
- Founding
- 10/1941
- Data as of
- 06/2024
- 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 06/2024, Tallulah Falls School Inc employed 258 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 06/2024, Tallulah Falls School Inc generated $26.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $26.8m during the year ending 06/2024. While expenses have increased by 6.9% per year over the past 9 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
2024
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 4 - 12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATIONS OF A FULLY, ACCREDITED LEARNING INSTITUTION FOR GRADES 4 - 12
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Peevy President | Officer | 40 | $491,801 |
Richard Anderson CFO | Officer | 40 | $212,567 |
Bryan Ferguson Trustee | Trustee | 2 | $0 |
Amy Atkinson 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 | $1,360 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,731,918 |
| Noncash contributions included in lines 1a–1f | $13,613 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,733,278 |
| Total Program Service Revenue | $12,734,071 |
| Investment income | $510,364 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $102,451 |
| Net Gain/Loss on Asset Sales | -$148,625 |
| Net Income from Fundraising Events | $70,736 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,036,547 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,851,703 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $693,718 |
| Compensation of current officers, directors, key employees. | $693,718 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,643,112 |
| Pension plan accruals and contributions | $266,698 |
| Other employee benefits | $2,103,328 |
| Payroll taxes | $578,803 |
| Fees for services: Management | $230,789 |
| Fees for services: Legal | $2,000 |
| Fees for services: Accounting | $40,312 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $129,676 |
| Office expenses | $64,087 |
| Information technology | $267,716 |
| Royalties | $0 |
| Occupancy | $401,650 |
| Travel | $381,028 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $283,621 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,780,134 |
| Insurance | $571,876 |
| All other expenses | $1,143,169 |
| Total functional expenses | $26,770,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,556,520 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,513,725 |
| 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 | $562,023 |
| Net Land, buildings, and equipment | $40,794,896 |
| Investments—publicly traded securities | $21,471,808 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $77,898,972 |
| Accounts payable and accrued expenses | $990,079 |
| Grants payable | $0 |
| Deferred revenue | $5,303,167 |
| Tax-exempt bond liabilities | $9,647,111 |
| 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 | -$53,379 |
| Total liabilities | $15,886,978 |
| Net assets without donor restrictions | $59,510,797 |
| Net assets with donor restrictions | $2,501,197 |
| 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 | $77,898,972 |