Columbia Academy School
- Assets
- $17.5m
- Revenue
- $13.3m
- Investments
- $36.1k
- Employees
- 232
- Location
- Columbia, TN
- Founding
- 03/1973
- Data as of
- 05/2022
- EIN
- 62-0488045
Organization Overview
Columbia Academy School is located in Columbia, TN. The organization was established in 1973. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 05/2022, Columbia Academy School employed 232 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbia Academy 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 05/2022, Columbia Academy School generated $13.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $11.2m during the year ending 05/2022. While expenses have increased by 5.0% 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
COLUMBIA ACADEMY IS COMMITTED TO SERVING ITS STUDENTS SO THEY MASTER SKILLS, KNOWLEDGE, AND CHARACTER APPROPRIATE FOR THEM AND THEIR FUTURE WHILE BECOMING CHRIST-LIKE IN ATTITUDE AND BEHAVIOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRADES PRE-K-12: PROVIDE PRIMARY AND SECONDARY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Thomas President | 40 | $130,104 | |
Tim Garrison Vice Chairman | OfficerTrustee | 1 | $0 |
Seth Lasater Chairman | OfficerTrustee | 1 | $0 |
David Morris Secretary | OfficerTrustee | 1 | $0 |
Alan Thomason Treasurer | OfficerTrustee | 1 | $0 |
Jacob Love Treasurer Thru 12/21 | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $163,647 |
| Related organizations | $45,500 |
| Government grants | $437,417 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,392,318 |
| Noncash contributions included in lines 1a–1f | $493,760 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,038,882 |
| Total Program Service Revenue | $10,750,931 |
| Investment income | $85,917 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $412,782 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,288,512 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $957,110 |
| 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 | $5,540,157 |
| Pension plan accruals and contributions | $129,396 |
| Other employee benefits | $609,690 |
| Payroll taxes | $404,353 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,336 |
| Fees for services: Accounting | $36,632 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $81,257 |
| Fees for services: Investment Management | $33,239 |
| Fees for services: Other | $2,833 |
| Advertising and promotion | $67,353 |
| Office expenses | $0 |
| Information technology | $98,095 |
| Royalties | $0 |
| Occupancy | $3,050 |
| Travel | $182,896 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $227,871 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $800,403 |
| Insurance | $109,198 |
| All other expenses | $501,542 |
| Total functional expenses | $11,164,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,618,881 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,930 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,539 |
| Prepaid expenses and deferred charges | $6,583 |
| Net Land, buildings, and equipment | $11,346,322 |
| Investments—publicly traded securities | $3,466,497 |
| Investments—other securities | $36,101 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,513,853 |
| Accounts payable and accrued expenses | $1,622,301 |
| Grants payable | $0 |
| Deferred revenue | $440,563 |
| 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 | $4,528,427 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,591,291 |
| Net assets without donor restrictions | $8,219,492 |
| Net assets with donor restrictions | $2,703,070 |
| 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 | $17,513,853 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Columbia Academy School has recieved totaling $26,700.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $16,734 |
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: FOR COVID-19 CHILD CARE RELIEF | $7,000 |
Washington Foundation Nashville, TN PURPOSE: UNRESTRICTED GIFT | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $966 |
Endowment Analysis
| Beg. Balance | $3,765,655 |
| Earnings | -$295,789 |
| Net Contributions | $158,533 |
| Other Expense | $164,504 |
| Ending Balance | $3,463,895 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of The Children Of Mississippi Inc Flowood, MS | $32,913,948 | $30,247,963 |
The Sheltering Arms Atlanta, GA | $37,115,971 | $26,836,460 |
Lausanne Collegiate School Memphis, TN | $29,785,379 | $21,342,655 |
Langley School Inc Mclean, VA | $63,128,940 | $18,629,240 |
Economic Security Corporation Of Southwest Area Joplin, MO | $10,642,309 | $18,556,997 |
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 |
Hope Montessori Academy St Louis, MO | $759,290 | $12,407,556 |
Washington County Opportunities Inc Greenville, MS | $2,892,910 | $12,059,595 |
Columbia Academy School Columbia, TN | $17,513,853 | $13,288,512 |
Montessori School Of Raleigh Inc Raleigh, NC | $11,662,431 | $8,380,387 |
Forsyth School Inc Saint Louis, MO | $26,400,656 | $9,718,193 |