Wesleyan School Inc
- Assets
- $136.6m
- Revenue
- $38.2m
- Investments
- $0.0
- Employees
- 427
- Location
- Peachtree Corners, GA
- Founding
- 10/1995
- Data as of
- 06/2021
- EIN
- 58-2147411
Organization Overview
Wesleyan School Inc, operating under the name Wesleyan School, is located in Peachtree Corners, GA. The organization was established in 1995. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Wesleyan School employed 427 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wesleyan School 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 06/2021, Wesleyan School generated $38.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $34.0m during the year ending 06/2021. While expenses have increased by 5.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WESLEYAN'S MISSION IS TO BE A CHRISTIAN SCHOOL OF ACADEMIC EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: WESLEYAN IS AN INDEPENDENT K-12 SCHOOL WITH A COLLEGE PREPARATORY CURRICULUM. THERE IS A LOWER, MIDDLE AND HIGH SCHOOL LOCATED ON 85+ ACRES WITH 6 MAIN BUILDINGS, 10 FACULTY HOUSES, 3 CHAPELS, 2 LIBRARIES AND 2 DINING HALLS. ALL MIDDLE AND HIGH SCHOOL STUDENTS ARE GIVEN A SCHOOL ISSUED COMPUTER TABLET FOR USE IN THEIR STUDIES. THE FINE ARTS PROGRAM UTILIZES A 470 SEAT THEATRE, A BLACK BOX THEATRE, DRAWING, PAINTING AND CERAMIC ROOMS, MIDDLE AND HIGH SCHOOL BAND AND CHORALE STUDIOS AND 18 INDIVIDUAL SOUNDPROOF PRACTICE CHAMBERS. THE ATHLETICS PROGRAM HAVE ACCESS TO 4 GYMNASIUMS, 11 TENNIS COURTS, INDIVIDUAL FOOTBALL, BASEBALL, SOFTBALL FIELDS AND STADIUMS, A COMPETITION TRACK AND FIELD COMPLEX, A 10 LANE POOL/2-DIVE WELL NATATORIUM, 2 BEACH VOLLEYBALL COURTS, 2 WEIGHT ROOMS, AN ADDITIONAL 5 FIELD COMPLEX INCLUDING AN ARTIFICIAL TURF FIELD FOR SOCCER AND LACROSSE AS WELL AS A PROFESSIONALLY DESIGNED CROSS COUNTRY COURSE THROUGHOUT CAMPUS. STARTING ENROLLMENT FOR THE SCHOOL YEAR WAS 1171. THE 2021 GRADUATING CLASS HAD 122 STUDENTS WITH 98% POSTGRADUATE ACCEPTANCE TO 124 DIFFERENT FOUR-YEAR COLLEGES AND RECEIVED $9.2 MILLION IN MERIT AND ATHLETIC SCHOLARSHIP AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher B Cleveland Head Of School | Officer | 45 | $439,761 |
William J Coxhead Chief Financial Officer | Officer | 45 | $262,182 |
Brian Morgan Chief Operations Officer | Officer | 45 | $190,421 |
Ramona Blankenship Associate Head Of School | Officer | 40 | $171,919 |
Marc Khedouri Assistant Head Of School For Advancement | Officer | 40 | $155,183 |
Joseph Koch High School Principal | 40 | $149,371 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chapman Coyle Chapman Contract Architectural Services | 6/29/21 | $1,397,915 |
Sage Dining Services Inc Contract Food Services | 6/29/21 | $1,931,171 |
Hodges & Hicks General Contractors Llc Contract Construction Services | 6/29/21 | $9,642,680 |
Sports Turf Company Inc Contract Construction Services | 6/29/21 | $540,568 |
Pond & Company Contract Architectural Services | 6/29/21 | $464,451 |
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 | $7,129,898 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,129,898 |
| Total Program Service Revenue | $30,502,276 |
| Investment income | $243,768 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $88,837 |
| Net Gain/Loss on Asset Sales | $22,325 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $212,831 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,199,935 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,200,917 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,523,580 |
| Compensation of current officers, directors, key employees. | $188,779 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,015,239 |
| Pension plan accruals and contributions | $914,333 |
| Other employee benefits | $1,904,808 |
| Payroll taxes | $922,303 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,413 |
| Fees for services: Accounting | $47,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,269 |
| Advertising and promotion | $160,419 |
| Office expenses | $591,526 |
| Information technology | $664,808 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,873 |
| Interest | $17,162 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,711,334 |
| Insurance | $324,621 |
| All other expenses | $26,352 |
| Total functional expenses | $33,991,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,548,925 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $9,816,415 |
| Accounts receivable, net | $6,940,453 |
| 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 | $653,070 |
| Net Land, buildings, and equipment | $66,823,843 |
| Investments—publicly traded securities | $33,634,123 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,150,825 |
| Total assets | $136,567,654 |
| Accounts payable and accrued expenses | $3,306,275 |
| Grants payable | $0 |
| Deferred revenue | $26,121,026 |
| 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 | $856,226 |
| Total liabilities | $30,283,527 |
| Net assets without donor restrictions | $66,553,759 |
| Net assets with donor restrictions | $39,730,368 |
| 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 | $136,567,654 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Wesleyan School Inc has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Bobo Family Foundation Inc Atlanta, GA PURPOSE: CAPITAL CAMPAIGN | $28,000 |
Bobo Family Foundation Inc Atlanta, GA PURPOSE: CAPITAL CAMPAIGN | $7,000 |
Hisham And Nawal Araim Foundation Aka The Hana Foundation Berkeley Lake, GA PURPOSE: GENERAL SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $26,007,351 |
| Earnings | $7,310,902 |
| Other Expense | $951,544 |
| Ending Balance | $32,366,709 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Charter Educational Foundation Inc Ft Lauderdale, FL | $156,543,730 | $97,506,587 |
Pine Crest Preparatory School Inc Fort Lauderdale, FL | $333,237,666 | $117,032,606 |
Woodward Academy Inc College Park, GA | $297,987,009 | $85,209,091 |
Westminster Schools Inc Atlanta, GA | $596,739,021 | $99,709,851 |
Gulliver Preparatory School Inc Miami, FL | $217,883,947 | $98,038,609 |
Lovett School Atlanta, GA | $255,570,564 | $63,708,553 |
The East Coast Migrant Head Start Project Raleigh, NC | $15,412,919 | $60,635,891 |
Ransom Everglades School Inc Miami, FL | $255,259,179 | $68,191,853 |
Charlotte Country Day School Charlotte, NC | $226,176,676 | $57,558,870 |
Mccallie School Inc Chattanooga, TN | $251,954,499 | $79,356,942 |
Bolles School Jacksonville, FL | $131,930,396 | $55,866,326 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |