The Alfred And Adele Davis Academy Inc
- Assets
- $60.4m
- Revenue
- $18.7m
- Investments
- $2.2m
- Employees
- 133
- Location
- Atlanta, GA
- Founding
- 09/1992
- Data as of
- 06/2022
- EIN
- 58-1970181
Organization Overview
The Alfred And Adele Davis Academy Inc is located in Atlanta, GA. The organization was established in 1992. 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 06/2022, Alfred And Adele Davis Academy Inc employed 133 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alfred And Adele Davis 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, Alfred And Adele Davis Academy Inc generated $18.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $14.0m during the year ending 06/2022. While expenses have increased by 1.8% 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
TO PROVIDE AN ACADEMICALLY CHALLENGING ENVIRONMENT WITH ENRICHED CURRICULA, INTEGRATING GENERAL ACADEMICS AND JUDAIC STUDIES FROM MECHINA KINDERGARTEN PREP THROUGH EIGHTH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION OPERATED AS A NON-PROFIT PRE-K THROUGH EIGHTH GRADE PRIVATE SCHOOL WITH 489 STUDENTS IN ATTENDANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Shafron Head Of School | Officer | 40 | $387,361 |
Drew Frank Principal/associate Head Of Sc | 40 | $205,913 | |
Kim Rich Chief Financial Officer | Officer | 40 | $176,506 |
Elisa Prager Director Of Institutional Adva | 40 | $147,081 | |
Jeffrey Rothstein Assistant Principal | 40 | $146,729 | |
Micah Lapidus School Rabbi/director Of Jewi | 40 | $146,665 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cleanstar National Inc Janitorial | 6/29/22 | $280,979 |
Sage Dining Services Inc Food Service | 6/29/22 | $555,660 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $385,786 |
| Related organizations | $0 |
| Government grants | $1,331,778 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,264,817 |
| Noncash contributions included in lines 1a–1f | $51,902 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,982,381 |
| Total Program Service Revenue | $13,012,005 |
| Investment income | $1,139,896 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$8,245 |
| Net Gain/Loss on Asset Sales | $1,618,501 |
| Net Income from Fundraising Events | -$36,597 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,707,941 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,995,725 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $744,440 |
| Compensation of current officers, directors, key employees. | $616,158 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,416,333 |
| Pension plan accruals and contributions | $188,782 |
| Other employee benefits | $387,944 |
| Payroll taxes | $426,803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,323 |
| Fees for services: Accounting | $164,419 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $210,532 |
| Fees for services: Other | $0 |
| Advertising and promotion | $79,486 |
| Office expenses | $155,949 |
| Information technology | $110,281 |
| Royalties | $0 |
| Occupancy | $238,995 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $148,468 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,140,112 |
| Insurance | $175,835 |
| All other expenses | $265,358 |
| Total functional expenses | $14,042,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,197,511 |
| Savings and temporary cash investments | $11,968,775 |
| Pledges and grants receivable | $593,614 |
| Accounts receivable, net | $1,359,134 |
| 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 | $275,902 |
| Net Land, buildings, and equipment | $18,545,359 |
| Investments—publicly traded securities | $20,183,100 |
| Investments—other securities | $2,222,221 |
| Investments—program-related | $0 |
| Intangible assets | $94,763 |
| Other assets | $0 |
| Total assets | $60,440,379 |
| Accounts payable and accrued expenses | $999,970 |
| Grants payable | $0 |
| Deferred revenue | $5,146,114 |
| Tax-exempt bond liabilities | $4,720,008 |
| 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 | $621,005 |
| Total liabilities | $11,487,097 |
| Net assets without donor restrictions | $46,099,617 |
| Net assets with donor restrictions | $2,853,665 |
| 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 | $60,440,379 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that The Alfred And Adele Davis Academy Inc has recieved totaling $468,107.
| Awarding Organization | Amount |
|---|---|
Jewish Federation Of Greater Atlanta Inc Atlanta, GA PURPOSE: DONATIONS | $355,186 |
Marcus Foundation Inc Atlanta, GA PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | $60,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $26,508 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,138 |
United Way Miami Inc Miami, FL PURPOSE: GENERAL FUNDS | $7,600 |
Selig Foundation Atlanta, GA PURPOSE: GENERAL | $5,000 |
Endowment Analysis
| Beg. Balance | $11,092,701 |
| Earnings | -$361,750 |
| Admin Expense | $55,288 |
| Net Contributions | $1,431 |
| Ending Balance | $10,677,094 |
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 |