Madison Academy
- Assets
- $1.6m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 198
- Location
- Madison, TN
- Founding
- 04/1947
- Data as of
- 06/2017
- EIN
- 62-0521202
Organization Overview
Madison Academy is located in Madison, TN. The organization was established in 1947. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2017, Madison Academy employed 198 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Madison 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 06/2017, Madison Academy generated $2.3m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $2.4m during the year ending 06/2017. While expenses have increased by 7.2% per year over the past 3 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
MADISON ACADEMY ("THE ORGANIZATION") IS OPERATED BY THE KY-TN CONFERENCE OF SEVENTH-DAY ADVENTISTS TO PROVIDE A CHRISTIAN EDUCATION TO SECONDARY LEVEL STUDENTS WITHIN THE TERRITORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MADISON ACADEMY (THE ORGANIZATION) IS OPERATED BY THE KY-TN CONFERENCE OF SEVENTH-DAY ADVENTIST TO PROVIDE A CHRISTIAN EDUCATION TO SECONDARY LEVEL STUDENTS WITHIN THE TERRITORY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristine Fuentes Principal | Trustee | 43 | $59,625 |
Dan Johnson Treasurer | OfficerTrustee | $0 | |
Doug Hilliard Treasurer | Trustee | $0 | |
Stephen Bralley Director | Trustee | $0 | |
Mel Santos Director | Trustee | $0 | |
Nelson Stokes Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $757,986 |
| Investment income | $216 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,737 |
| 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 | $2,273,834 |
| Statement of Expenses | |
|---|---|
| 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. | $59,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,445,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,896 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $450,663 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $41,464 |
| Inventories for sale or use | $329,036 |
| Prepaid expenses and deferred charges | $22,685 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $74,656 |
| Total assets | $1,610,901 |
| Accounts payable and accrued expenses | $289,562 |
| 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 | $486,834 |
| Total liabilities | $776,396 |
| Net assets without donor restrictions | $725,622 |
| Net assets with donor restrictions | $87,856 |
| Capital stock or trust principal, or current funds | $21,027 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $834,505 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Madison Academy has recieved totaling $47,627.
| Awarding Organization | Amount |
|---|---|
Christian Community Foundation Inc Colorado Springs, CO PURPOSE: STUDENT FUND,MENTAL HEALTH/WELLNESS | $28,000 |
Sffc Foundation Inc Hendersonville, TN PURPOSE: HOME RENOVATION FOR MCE/MA FAMILY | $19,120 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $507 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christ School Inc Arden, NC | $45,623,697 | $22,399,762 |
Lexington School Inc Lexington, KY | $82,981,335 | $20,273,926 |
Westminster Christian Academy Association Town Country, MO | $72,930,151 | $20,133,441 |
Foxcroft School Middleburg, VA | $142,226,453 | $10,560,576 |
Thaden School Bentonville, AR | $79,028,915 | $15,891,102 |
St Davids School Raleigh, NC | $32,628,531 | $17,520,873 |
Barstow School Kansas City, MO | $36,041,263 | $20,616,227 |
Academics Plus Charter Schools Inc Maumelle, AR | $7,409,476 | $15,799,644 |
Randolph Macon Academy Front Royal, VA | $36,335,018 | $14,186,434 |
Webb School Bell Buckle, TN | $70,401,090 | $18,551,010 |
Chatham Hall Chatham, VA | $93,224,098 | $20,472,226 |
American Hebrew Academy Inc Greensboro, NC | $66,328,577 | $16,098,225 |