Lagrange Academy Incorporated
- Assets
- $3.9m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 62
- Location
- Lagrange, GA
- Founding
- 08/1970
- Data as of
- 06/2022
- EIN
- 58-1087459
Organization Overview
Lagrange Academy Incorporated is located in Lagrange, GA. The organization was established in 1970. According to its NTEE Classification (K28) the organization is classified as: Farm Bureaus & Granges, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2022, Lagrange Academy Incorporated employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lagrange Academy Incorporated 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, Lagrange Academy Incorporated generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $3.2m during the year ending 06/2022. 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
LAGRANGE ACADEMY IS COMMITTED TO PROVIDING A SUPERIOR EDUCATION IN A CARING, COOPERATIVE, AND STIMULATING ENVIRONMENT, EMPHASIZING STRONG MORAL AND ETHICAL VALUES, WHILE INSTILLING A LIFE-LONG LOVE OF LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE SCHOOL FACILITY PROVIDING SERVICES TO THE FOLLOWING: PRE K - 4 YEAR OLDS KINDERGARTEN - 5 YEAR OLDS ELEMENTARY - GRADES 1-7 SECONDARY - GRADES 8-12 TO DATE, 100% OF LAGRANGE ACADEMY GRADUATES HAVE BEEN ACCEPTED INTO THE COLLEGE OF THEIR CHOICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Dolinger Headmaster | Officer | 40 | $140,570 |
Brian Allardice Trustee | Trustee | 1 | $0 |
Markette Baker Trustee | Trustee | 1 | $0 |
Dan Breland Treasurer | OfficerTrustee | 1 | $0 |
Grant Cagle Trustee | Trustee | 1 | $0 |
Stuart Countess Vice Chair | OfficerTrustee | 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 | $550,510 |
| Noncash contributions included in lines 1a–1f | $137,093 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $550,510 |
| Total Program Service Revenue | $2,777,281 |
| Investment income | $54,178 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,133 |
| Net Income from Fundraising Events | $976 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,422,078 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $289,870 |
| 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 | $1,924,369 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $71,682 |
| Payroll taxes | $136,258 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,223 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,272 |
| Office expenses | $4,212 |
| Information technology | $16,750 |
| Royalties | $0 |
| Occupancy | $192,369 |
| Travel | $8,415 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $282 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,297 |
| Insurance | $28,133 |
| All other expenses | $115,635 |
| Total functional expenses | $3,247,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $224,653 |
| Savings and temporary cash investments | $292,886 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,710 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,741 |
| Prepaid expenses and deferred charges | $21,334 |
| Net Land, buildings, and equipment | $1,931,313 |
| Investments—publicly traded securities | $1,333,219 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,869,856 |
| Accounts payable and accrued expenses | $104,770 |
| Grants payable | $0 |
| Deferred revenue | $287,551 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $392,321 |
| Net assets without donor restrictions | $1,735,404 |
| Net assets with donor restrictions | $1,742,131 |
| 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 | $3,869,856 |