Premier Academy Inc
- Assets
- $3.8m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 75
- Location
- Atlanta, GA
- Founding
- 07/1974
- Data as of
- 12/2021
- EIN
- 58-1169016
Organization Overview
Premier Academy Inc is located in Atlanta, GA. The organization was established in 1974. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2021, Premier Academy Inc employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Premier 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 12/2021, Premier Academy Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF PREMIER ACADEMY IS TO PROVIDE A QUALITY EDUCATION PROGRAM FOR PRESCHOOL AGE CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF PREMIER ACADEMY IS TO PROVIDE A QUALITY EDUCATION PROGRAM FOR PRESCHOOL AGE CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindra Taylor Executive Director | 40 | $109,273 | |
Christopher Beal Board Member | Trustee | 4 | $0 |
Darroll Mitchell Board Member | Trustee | 4 | $0 |
Rhonda Jayroe Board Member | Trustee | 4 | $0 |
Johnny Brown Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,161,916 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,177,523 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,339,439 |
| Total Program Service Revenue | $122,184 |
| Investment income | $279,856 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,741,479 |
| 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 | $2,002,646 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $46,314 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $684,071 |
| Travel | $40,024 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,701 |
| Insurance | $95,281 |
| All other expenses | $754,877 |
| Total functional expenses | $3,628,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $723,305 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $159,673 |
| 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 | $0 |
| Net Land, buildings, and equipment | $81,619 |
| Investments—publicly traded securities | $2,817,740 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,526 |
| Total assets | $3,806,863 |
| Accounts payable and accrued expenses | $95,828 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $5,000 |
| Total liabilities | $100,828 |
| Net assets without donor restrictions | $3,278,056 |
| Net assets with donor restrictions | $427,979 |
| 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 | $3,806,863 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Premier Academy Inc has recieved totaling $26,856.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $11,856 |
Carmax Foundation Richmond, VA PURPOSE: REGIONAL | $10,000 |
Jesse Parker Williams Foundation Atlanta, GA PURPOSE: JUMPSTART CAPACITY BUILDING PROGRAM | $5,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wake County Smartstart Raleigh, NC | $3,415,796 | $19,658,248 |
Livingston Byrdstown Jamestown And Cookeville Development Corporation Cookeville, TN | $2,043,241 | $13,554,742 |
Children First Inc Sarasota, FL | $8,906,542 | $13,314,523 |
Le Jardin Community Center Inc Homestead, FL | $6,704,998 | $12,650,316 |
Columbia Academy School Columbia, TN | $17,513,853 | $13,288,512 |
Pine School Inc Hobe Sound, FL | $19,297,694 | $13,018,702 |
Montessori School Of Raleigh Inc Raleigh, NC | $11,662,431 | $8,380,387 |
Gulfstream School Inc Gulf Stream, FL | $26,409,353 | $8,595,738 |
Smart Start Of Forsyth County Winston Salem, NC | $369,779 | $8,124,286 |
Jacksonville Country Day School Jacksonville, FL | $17,414,730 | $8,804,940 |
Caldwell Academy Greensboro, NC | $20,742,733 | $8,088,099 |
The Augusta Preparatory Day School Martinez, GA | $25,344,401 | $14,944,838 |