Bethesda Union Society Of Savannah
- Assets
- $32.0m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 58
- Location
- Savannah, GA
- Founding
- 10/1944
- Data as of
- 06/2023
- EIN
- 58-0637013
Organization Overview
Bethesda Union Society Of Savannah, operating under the name Bethesda Academy, is located in Savannah, GA. The organization was established in 1944. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2023, Bethesda Academy employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethesda 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, Bethesda Academy generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $4.5m 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
BETHESDA ACADEMY PROVIDES 85 YOUNG MEN IN GRADES 6-12 A TRANSFORMATIVE OPPORTUNITY FOR SUCCESS BY PROMOTING AND INSTILLING A LOVE OF GOD, A LOVE OF LEARNING, AND A STRONG WORK ETHIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BETHESDA ACADEMY IS A FULLY ACCREDITED ACADEMIC PROGRAM FOR ALL 85 STUDENTS IN GRADES 6-12. STUDENTS BENEFIT FROM A 1:7 TEACHER TO STUDENT RATIO, A BLENDED CURRICULUM OF DIDACTIC TEACHING INTERACTIONS, WEB-BASED CURRICULUM SUPPORT, AND A VAST EXPOSURE TO THE LIVING LABS OF BETHESDA ACADEMY WHICH INCLUDES A WORKING FARM, WILDLIFE PRESERVE, AND OTHER WORK- STUDY ENVIRONMENTS. THIS BOY-FRIENDLY APPROACH TO LEARNING HAS RESULTED IN 75% OF BETHESDA GRADUATES ATTENDING COLLEGE, WITH THE REMAINING 25% EQUALLY DIVIDED BETWEEN MILITARY AND WORK OPPORTUNITIES AFTER GRADUATION. THE ACADEMIC, WORK-STUDY, AND SPIRITUAL FORMATION PROGRAMS ARE ALSO SUPPORTED THROUGH A STRONG ATHLETIC COMMITMENT TO FOOTBALL, BASKETBALL, TRACK AND FIELD, AND GOLF WITHIN THE SOUTH CAROLINA INDEPENDENT SCHOOL ASSOCIATION. BETHESDA ACADEMY PROVIDES SCHOLARSHIP SUPPORT TO COVER APPROXIMATELY 65% OF ALL TUITION COSTS. BETHESDA ACADEMY PREVIOUSLY OFFERED ON-CAMPUS HOUSING THROUGH A RESIDENTIAL PROGRAM. THE RESIDENTIAL PROGRAM WAS SUSPENDED IN 2020 DUE TO COVID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr H Michael Hughes President | OfficerTrustee | 40 | $183,889 |
John Reddan Director Of | 40 | $135,212 | |
Janet Geriner Wbob Ex-Officio | Trustee | 1 | $0 |
Kimberly Ballard-Washington Board Member | Trustee | 1 | $0 |
Carol Bell Board Member | Trustee | 1 | $0 |
Holmes Bell Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,536,498 |
| Noncash contributions included in lines 1a–1f | $31,198 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,536,498 |
| Total Program Service Revenue | $416,925 |
| Investment income | $570,487 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $216,498 |
| Net Gain/Loss on Asset Sales | -$1,174,031 |
| Net Income from Fundraising Events | $137,989 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,238,090 |
| 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. | $183,888 |
| Compensation of current officers, directors, key employees. | $31,261 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,839,101 |
| Pension plan accruals and contributions | $168,195 |
| Other employee benefits | $174,409 |
| Payroll taxes | $146,175 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,256 |
| Fees for services: Accounting | $20,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $71,437 |
| Advertising and promotion | $979 |
| Office expenses | $267,249 |
| Information technology | $12,726 |
| Royalties | $0 |
| Occupancy | $289,639 |
| Travel | $7,374 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,239 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $381,274 |
| Insurance | $164,692 |
| All other expenses | $162,407 |
| Total functional expenses | $4,472,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $324,274 |
| Savings and temporary cash investments | $2,405,558 |
| Pledges and grants receivable | $1,206,500 |
| Accounts receivable, net | $48,437 |
| 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 | $21,208 |
| Net Land, buildings, and equipment | $2,998,701 |
| Investments—publicly traded securities | $24,992,781 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,727 |
| Total assets | $32,002,186 |
| Accounts payable and accrued expenses | $322,489 |
| Grants payable | $0 |
| Deferred revenue | $158,446 |
| 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 | $196,696 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $677,631 |
| Net assets without donor restrictions | $26,286,424 |
| Net assets with donor restrictions | $5,038,131 |
| 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 | $32,002,186 |