Atlanta Youth Academies Inc
- Assets
- $11.2m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 26
- Location
- Atlanta, GA
- Founding
- 08/2000
- Data as of
- 07/2021
- EIN
- 58-2486405
Organization Overview
Atlanta Youth Academies Inc is located in Atlanta, GA. The organization was established in 2000. 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 07/2021, Atlanta Youth Academies Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlanta Youth Academies 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 07/2021, Atlanta Youth Academies Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $2.8m during the year ending 07/2021. While expenses have increased by 8.0% 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
ATLANTA YOUTH ACADEMIES, INC. EXISTS TO ADVANCE THE KINGDOM OF GOD BY PROVIDING AN EXCELLENT, CHRIST-CENTERED EDUCATION IN LOW INCOME, URBAN COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED A PRIVATE ELEMENTARY SCHOOL IN INNER CITY FOR 132 CHILDREN, IN GRADES PRE K-8TH, WITH 26 STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Rooney President | Officer | 20 | $237,729 |
Lawrence F Teem Founder & Chairman | OfficerTrustee | 5 | $0 |
Harold Melton Director | Trustee | 0.3 | $0 |
Keith White Director | Trustee | 0.3 | $0 |
Jay Simms Director | Trustee | 0.3 | $0 |
David Edwards Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,163,436 |
| Government grants | $312,550 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,475,986 |
| Total Program Service Revenue | $759,955 |
| Investment income | $0 |
| 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 | $3,235,941 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,000 |
| 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. | $271,240 |
| Compensation of current officers, directors, key employees. | $81,372 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,328,485 |
| Pension plan accruals and contributions | $17,155 |
| Other employee benefits | $241,831 |
| Payroll taxes | $131,065 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,623 |
| Advertising and promotion | $0 |
| Office expenses | $20,537 |
| Information technology | $56,557 |
| Royalties | $0 |
| Occupancy | $337,096 |
| Travel | $20,912 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $306 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,257 |
| Insurance | $47,570 |
| All other expenses | $52,742 |
| Total functional expenses | $2,769,202 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,270 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,204 |
| 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 | $6,979 |
| Net Land, buildings, and equipment | $63,960 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,962,731 |
| Total assets | $11,205,144 |
| Accounts payable and accrued expenses | $135,513 |
| Grants payable | $0 |
| Deferred revenue | $5,490 |
| 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 | $141,003 |
| Net assets without donor restrictions | $189,245 |
| Net assets with donor restrictions | $10,874,896 |
| 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 | $11,205,144 |
Grants Awarded
Over the last fiscal year, Atlanta Youth Academies Inc has awarded $14,673 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: CLIENT REHABILITATION | $8,673 |
Morrow, GA PURPOSE: SCHOLARSHIP FUND | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Atlanta Youth Academies Inc has recieved totaling $875,796.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $533,850 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $228,100 |
Harriet & Jerry Demsey Family Foundation Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $20,000 |
Invesco Foundation Atlanta, GA PURPOSE: GENERAL SUPPORT | $15,000 |
Atlanta Foundation Las Vegas, NV PURPOSE: GENERAL SUPPORT | $15,000 |
William D & Louise H Owens Charitable Tr Dated 011697 Smyrna, GA PURPOSE: EDUCATION | $15,000 |
Endowment Analysis
| Beg. Balance | $569,680 |
| Earnings | $85,650 |
| Net Contributions | $30,000 |
| Other Expense | $23,514 |
| Ending Balance | $661,816 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trinity School Inc Atlanta, GA | $133,203,671 | $25,058,941 |
Hammond School Columbia, SC | $54,753,815 | $20,190,119 |
Carrollwood Day School Education Inc Tampa, FL | $44,857,641 | $20,567,249 |
Carolina Day School Inc Asheville, NC | $29,412,889 | $19,874,947 |
Kipp Jacksonville Inc Jacksonville, FL | $9,839,108 | $19,518,543 |
Randolph School Huntsville, AL | $69,168,210 | $21,425,432 |
Renaissance Arts And Education Inc Palmetto, FL | $29,910,781 | $21,492,050 |
Lakeland Christian School Inc Lakeland, FL | $60,596,367 | $29,249,240 |
Republic Schools Nashville Nashville, TN | $31,048,580 | $24,002,902 |
Summit School Inc Winstonsalem, NC | $46,496,346 | $18,682,492 |
Alfred B Maclay Jr Day School Tallahassee, FL | $28,425,288 | $17,967,088 |
North Cobb Christian School Inc Kennesaw, GA | $44,288,708 | $22,180,039 |