Washington College Academy
- Assets
- $2.7m
- Revenue
- $131.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Limestone, TN
- Founding
- 05/1942
- Data as of
- 06/2024
- EIN
- 62-0489473
Organization Overview
Washington College Academy is located in Limestone, TN. The organization was established in 1942. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington College Academy 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 06/2024, Washington College Academy generated $131.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 27.6% each year . All expenses for the organization totaled $121.1k during the year ending 06/2024. While expenses have increased by 2.4% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING A VARIETY OF EDUCATION PROGRAMS TO BOTH ADULTS AND CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES AS A LEARNING ACADEMY OFFERING VARIOUR ADULT CONTINUING EDUCATION CLASSES, THE GED PROGRAM, A CRAFT SCHOOL AND A SOFTBALL ACADEMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Stern Member | Trustee | 0.25 | $0 |
Mike Durham Member | Trustee | 3.5 | $0 |
Charlesey Mccallister Executive Committee | Trustee | 0.25 | $0 |
Carl Daniels Member | Trustee | 4 | $0 |
Dwight Bennett Member | Trustee | 0.25 | $0 |
Heather Jones Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $449 |
| Related organizations | $0 |
| Government grants | $11,337 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $178 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,786 |
| Total Program Service Revenue | $102,153 |
| Investment income | $361 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,570 |
| 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 | $131,870 |
| 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 | $50,583 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,619 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,065 |
| Office expenses | $1,618 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,402 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $2,518 |
| All other expenses | $0 |
| Total functional expenses | $121,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,209 |
| Savings and temporary cash investments | $113,837 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,581,809 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,702,855 |
| Accounts payable and accrued expenses | $797 |
| 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 | $0 |
| Total liabilities | $797 |
| Net assets without donor restrictions | $2,702,058 |
| Net assets with donor restrictions | $0 |
| 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 | $2,702,855 |