George Walton Academy Inc
- Assets
- $17.4m
- Revenue
- $11.2m
- Investments
- $0.0
- Employees
- 227
- Location
- Monroe, GA
- Founding
- 02/1971
- Data as of
- 06/2022
- EIN
- 58-1077042
Organization Overview
George Walton Academy Inc is located in Monroe, GA. The organization was established in 1971. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, George Walton Academy Inc employed 227 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George Walton 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 06/2022, George Walton Academy Inc generated $11.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $12.2m during the year ending 06/2022. While expenses have increased by 1.9% per year over the past 6 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
GEORGE WALTON ACADEMY PROVIDES CHALLENGING INSTRUCTION, ENGAGING EXPERIENCES, AND GLOBAL PERSPECTIVES DESIGNED TO INSPIRE LIVES OF INTELLECTUAL CURIOSITY, INTEGRITY, AND PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GEORGE WALTON ACADEMY PROVIDES EXTRAORDINARY PROGRAMING TO ENSURE A BALANCED, WELL-ROUNDED STUDENT EXPERIENCE IN ACADEMICS, ATHLETICS, AND THE ARTS THAT ENCOURAGES STUDENTS TO DISCOVER AND PURSUE THEIR MANY TALENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roy Roberts Chair | OfficerTrustee | 1 | $0 |
Scott Briscoe Vice Chair | OfficerTrustee | 1 | $0 |
Lee Waldo Treasurer | OfficerTrustee | 1 | $0 |
Christy Ellerbee Trustee | Trustee | 1 | $0 |
Michael Geoffroy Trustee | Trustee | 1 | $0 |
Richard Hester Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Donald Camp Inc Electrical Contractor | 6/29/21 | $265,235 |
Pro Form Sports Athletic Surfaces | 6/29/21 | $155,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $119,345 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,093,640 |
| Noncash contributions included in lines 1a–1f | $217,048 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,212,985 |
| Total Program Service Revenue | $9,838,298 |
| Investment income | $15,218 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,132 |
| Net Income from Fundraising Events | $92,557 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $27,965 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,195,155 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $462,355 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $385,600 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,567,293 |
| Pension plan accruals and contributions | $227,482 |
| Other employee benefits | $354,125 |
| Payroll taxes | $511,426 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,000 |
| Fees for services: Accounting | $37,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,604 |
| Advertising and promotion | $45,971 |
| Office expenses | $205,391 |
| Information technology | $188,306 |
| Royalties | $0 |
| Occupancy | $298,168 |
| Travel | $429 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $171,098 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $905,013 |
| Insurance | $162,929 |
| All other expenses | $88,820 |
| Total functional expenses | $12,190,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$3,931 |
| Savings and temporary cash investments | $2,405,714 |
| Pledges and grants receivable | $682,247 |
| Accounts receivable, net | $161,916 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,653 |
| Prepaid expenses and deferred charges | $17,593 |
| Net Land, buildings, and equipment | $14,131,576 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,415,768 |
| Accounts payable and accrued expenses | $665,508 |
| Grants payable | $0 |
| Deferred revenue | $4,348,455 |
| 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 | $3,211,325 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $94,780 |
| Total liabilities | $8,320,068 |
| Net assets without donor restrictions | $6,077,375 |
| Net assets with donor restrictions | $3,018,325 |
| 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 | $17,415,768 |