Bulloch Academy Inc
- Assets
- $15.1m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 159
- Location
- Statesboro, GA
- Founding
- 12/1971
- Data as of
- 07/2022
- EIN
- 58-1119726
Organization Overview
Bulloch Academy Inc is located in Statesboro, GA. The organization was established in 1971. 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 07/2022, Bulloch Academy Inc employed 159 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bulloch 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 07/2022, Bulloch Academy Inc generated $8.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $6.1m during the year ending 07/2022. While expenses have increased by 5.9% 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
BULLOCH ACADEMY, INC. IS A FULL SERVICE COLLEGE PREPARATORY DAY SCHOOL WHOSE MISSION IS TO CHALLENGE, TEACH AND NURTURE TOMORROW'S LEADERS TODAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BULLOCH ACADEMY IS A PRIVATE COLLEGE PREPARATORY DAY SCHOOL SERVING STUDENTS IN PRE-KINDERGARTEN THROUGH 12TH GRADE WITH FULL CURRICULAR AND EXTRACURRICULAR ACTIVITIES. DURING THE YEAR ENDED 7.31.2022, THERE WERE APPROXIMATELY 660 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Mckinney Chairman | OfficerTrustee | 1 | $0 |
John Roach Vice Chairman | OfficerTrustee | 0.5 | $0 |
Kristie Crooms Treasurer | OfficerTrustee | 0.5 | $0 |
Ruthie Crider Secretary | OfficerTrustee | 0.5 | $0 |
Everett Kennedy Trustee | Trustee | 0.5 | $0 |
Jason Parker Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pope Contruction Construction | 7/30/22 | $878,047 |
American Building Company Construction | 7/30/22 | $195,824 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $85,871 |
| Related organizations | $0 |
| Government grants | $1,899,884 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,008,146 |
| Noncash contributions included in lines 1a–1f | $36,637 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,993,901 |
| Total Program Service Revenue | $5,419,567 |
| Investment income | $1,465 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $650 |
| Net Income from Fundraising Events | -$51,799 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $110 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,429,198 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $222,302 |
| Compensation of current officers, directors, key employees. | $111,151 |
| Compensation to disqualified persons | $47,372 |
| Other salaries and wages | $3,091,116 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,698 |
| Payroll taxes | $251,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,317 |
| Fees for services: Accounting | $16,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $25,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $127,451 |
| Advertising and promotion | $51,967 |
| Office expenses | $31,876 |
| Information technology | $216,309 |
| Royalties | $0 |
| Occupancy | $163,766 |
| Travel | $12,820 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,058 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $644,191 |
| Insurance | $76,317 |
| All other expenses | $487,019 |
| Total functional expenses | $6,062,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,989,275 |
| Savings and temporary cash investments | $312,465 |
| Pledges and grants receivable | $888,739 |
| Accounts receivable, net | $0 |
| 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 | $31,505 |
| Net Land, buildings, and equipment | $9,895,620 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,117,604 |
| Accounts payable and accrued expenses | $166,240 |
| Grants payable | $0 |
| Deferred revenue | $2,494,841 |
| 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 | $28,211 |
| Total liabilities | $2,689,292 |
| Net assets without donor restrictions | $11,186,467 |
| Net assets with donor restrictions | $1,241,845 |
| 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 | $15,117,604 |