Stratford Academy Inc
- Assets
- $32.1m
- Revenue
- $15.4m
- Investments
- $0.0
- Employees
- 235
- Location
- Macon, GA
- Founding
- 09/1963
- Data as of
- 05/2024
- EIN
- 58-0831002
Organization Overview
Stratford Academy Inc is located in Macon, GA. The organization was established in 1963. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 05/2024, Stratford Academy Inc employed 235 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stratford 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 05/2024, Stratford Academy Inc generated $15.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $15.7m during the year ending 05/2024. While expenses have increased by 2.8% 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
STRATFORD ACADEMY IS AN INDEPENDENT, NON-SECTARIAN, COLLEGE PREPARATORY SCHOOL FOR STUDENTS IN PRE-KINDERGARTEN THROUGH GRADE TWELVE. GUIDED BY THE MOTTO, "FREEDOM FOR EXCELLENCE", STRATFORD PROVIDES A SUPERIOR EDUCATION FOR STUDENTS WITH DIVERSE BACKGROUNDS AND TALENTS AND DEVELOPS RESPONSIBLE, ETHICAL, LIFE-LONG LEARNERS. IN PARTNERSHIP WITH FAMILIES, STUDENTS, AND FACULTY, STRATFORD - PROVIDES OPPORTUNITIES FOR STUDENTS TO DEVELOP THEIR INDIVIDUAL ABILITIES AND SKILLS WITHIN THE CONTEXT OF A RIGOROUS CURRICULUM. - BUILDS CHARACTER AND INTEGRITY BY OFFERING STUDENTS A VARIETY OF ETHICAL AND CULTURAL PERSPECTIVES THROUGH THE CURRICULUM AND SERVICE TO THE SCHOOL AND COMMUNITY. - ENCOURAGES STUDENTS TO ENGAGE IN A WIDE RANGE OF ACADEMIC, ATHLETIC, FINE ARTS, AND SERVICE-RELATED ACTIVITIES. - INSPIRES LEADERSHIP AND PREPARES STUDENTS FOR RESPONSIBLE STEWARDSHIP AND CITIZENSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES A SUPERIOR EDUCATION FOR STUDENTS WITH DIVERSE BACKGROUNDS AND TALENTS AND DEVELOPS RESPONSIBLE, ETHICAL, LIFE-LONG LEARNERS. IN PARTNERSHIP WITH FAMILIES, STUDENTS, AND FACULTY, STRATFORD - PROVIDES OPPORTUNITIES FOR STUDENTS TO DEVELOP THEIR INDIVIDUAL ABILITIES AND SKILLS WITHIN THE CONTEXT OF A RIGOROUS CURRICULUM. - BUILDS CHARACTER AND INTEGRITY BY OFFERING STUDENTS A VARIETY OF ETHICAL AND CULTURAL PERSPECTIVES THROUGH THE CURRICULUM AND SERVICE TO THE SCHOOL AND COMMUNITY. - ENCOURAGES STUDENTS TO ENGAGE IN A WIDE RANGE OF ACADEMIC, ATHLETIC, FINE ARTS, AND SERVICE-RELATED ACTIVITIES. - INSPIRES LEADERSHIP AND PREPARES STUDENTS FOR RESPONSIBLE STEWARDSHIP AND CITIZENSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Ward Baxley III Trustee | Trustee | 2 | $0 |
Mr David W Bethune Trustee | Trustee | 2 | $0 |
Malcolm S Burgess Jr Trustee Emer | Trustee | 2 | $0 |
Robert Sanders Burgess Treasurer | OfficerTrustee | 2 | $0 |
James Malcolm Cole Trustee | Trustee | 2 | $0 |
Laura Evans Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ray Construction Management Construction | 5/30/24 | $143,005 |
Sydney Pyles Plumbing And Heating Co Construction | 5/30/24 | $116,330 |
Sports Turf Company Inc Construction | 5/30/24 | $157,798 |
Allegiance Industries Inc Janitorial | 5/30/24 | $173,563 |
Dht Builders Llc Construction | 5/30/24 | $118,081 |
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 | $2,360,229 |
| Noncash contributions included in lines 1a–1f | $265,839 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,360,229 |
| Total Program Service Revenue | $12,659,403 |
| Investment income | $307,020 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,757 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,356,409 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,459,327 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,171,301 |
| Payroll taxes | $588,108 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $253,912 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $2,024 |
| 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 | $89,542 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,215,076 |
| Insurance | $117,360 |
| All other expenses | $2,457,870 |
| Total functional expenses | $15,670,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,024 |
| Savings and temporary cash investments | $3,654,688 |
| Pledges and grants receivable | $173,516 |
| Accounts receivable, net | $653,940 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,363 |
| Prepaid expenses and deferred charges | $22,421 |
| Net Land, buildings, and equipment | $19,490,466 |
| Investments—publicly traded securities | $6,776,581 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,190,048 |
| Total assets | $32,094,047 |
| Accounts payable and accrued expenses | $1,109,644 |
| Grants payable | $0 |
| Deferred revenue | $466,334 |
| 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 | $2,015,433 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $854,720 |
| Total liabilities | $4,446,131 |
| Net assets without donor restrictions | $23,471,569 |
| Net assets with donor restrictions | $4,176,347 |
| 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 | $32,094,047 |