Stratford Academy Inc
- Assets
- $32.5m
- Revenue
- $15.1m
- Investments
- $0.0
- Employees
- 214
- Location
- Macon, GA
- Founding
- 09/1963
- Data as of
- 05/2022
- 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 05/2022, Stratford Academy Inc employed 214 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 05/2022, Stratford Academy Inc generated $15.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $13.1m during the year ending 05/2022. While expenses have increased by 1.0% 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
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 |
|---|---|---|---|
Name Not Listed Head Of Scho | Officer | $237,901 | |
Mollye Treadway CFO | $115,432 | ||
Mark Farriba Athletic Dir | $104,675 | ||
Jason Ivey Reaves Secretary | OfficerTrustee | 2 | $0 |
Stewart C Vernon Board Chair | OfficerTrustee | 2 | $0 |
James Albert Manley III Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Micro Technology Consultants Inc Consulting | 5/30/22 | $519,254 |
Synergi Partners Tax Credit Prep | 5/30/22 | $271,211 |
Hay's Service Llc Hvac | 5/30/22 | $206,932 |
Gt Grandstands Soccer Bleacher | 5/30/22 | $142,414 |
Crd Turf Llc Turf | 5/30/22 | $138,833 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,698,996 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,831,886 |
| Noncash contributions included in lines 1a–1f | $64,715 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,530,882 |
| Total Program Service Revenue | $11,473,905 |
| Investment income | $90,247 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,045 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,089,989 |
| 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. | $251,094 |
| Compensation of current officers, directors, key employees. | $63,150 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,822,829 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,232,286 |
| Payroll taxes | $488,450 |
| 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 | $452,671 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $11,007 |
| 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 | $101,482 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,074,100 |
| Insurance | $82,853 |
| All other expenses | $1,675,747 |
| Total functional expenses | $13,056,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $858,405 |
| Savings and temporary cash investments | $3,173,851 |
| Pledges and grants receivable | $1,515,743 |
| Accounts receivable, net | $466,715 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,881 |
| Prepaid expenses and deferred charges | $6,509 |
| Net Land, buildings, and equipment | $18,883,610 |
| Investments—publicly traded securities | $4,929,049 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,653,614 |
| Total assets | $32,525,377 |
| Accounts payable and accrued expenses | $1,245,062 |
| Grants payable | $0 |
| Deferred revenue | $490,118 |
| 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 | $3,266,437 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $440,018 |
| Total liabilities | $5,441,635 |
| Net assets without donor restrictions | $21,863,176 |
| Net assets with donor restrictions | $5,220,566 |
| 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 | $32,525,377 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Stratford Academy Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Patricia Stewart Burgess Foundation Inc Macon, GA PURPOSE: TO SUPPORT THE SCHOOL'S ANNUAL FUND | $25,000 |
Endowment Analysis
| Beg. Balance | $5,602,609 |
| Earnings | -$346,305 |
| Other Expense | -$142,391 |
| Ending Balance | $5,113,913 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ensworth School Nashville, TN | $203,625,309 | $44,175,360 |
Kings Academy Inc West Palm Beach, FL | $71,507,499 | $41,105,705 |
Bridgeprep Academy Inc Miami, FL | $11,150,990 | $35,186,838 |
Westminster Christian School Miami, FL | $63,040,762 | $31,809,440 |
Scheck Hillel Community School Inc North Miami, FL | $32,581,738 | $29,091,360 |
Freedom Preparatory Academy Inc Memphis, TN | $50,857,494 | $33,295,008 |
Cannon School Inc Concord, NC | $52,291,449 | $28,580,834 |
Thales Academy Raleigh, NC | $136,454,160 | $55,473,682 |
Cushman School Inc Miami, FL | $60,717,443 | $28,827,418 |
Mt Paran Christian School Inc Kennesaw, GA | $56,928,804 | $29,889,603 |
Franklin Road Academy Inc Nashville, TN | $58,128,778 | $31,046,189 |
Brentwood Academy Inc Brentwood, TN | $50,379,157 | $25,930,047 |