Tipton-Rosemark Academy Inc
- Assets
- $11.1m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 184
- Location
- Millington, TN
- Founding
- 10/1994
- Data as of
- 06/2023
- EIN
- 62-0730545
Organization Overview
Tipton-Rosemark Academy Inc is located in Millington, TN. The organization was established in 1994. 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 06/2023, Tipton-Rosemark Academy Inc employed 184 individuals. This organization is the central organization for a national or regional group of organizations. Tipton-Rosemark Academy 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 06/2023, Tipton-Rosemark Academy Inc generated $7.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $7.3m during the year ending 06/2023. While expenses have increased by 2.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE APPROXIMATELY 600 STUDENTS FROM PRE-KINDERGARTEN THROUGH GRADE 12 WITH A QUALITY EDUCATION TO PREPARE THEM FOR ENTRY INTO COLLEGE AND TO BE PRODUCTIVE U.S. CITIZENS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Graham Head Of Schools | Officer | 50 | $165,361 |
Harry Sinis Chair | OfficerTrustee | 2 | $0 |
Rose Fullen Vice Chair | OfficerTrustee | 1 | $0 |
Jason Butler Treasurer | OfficerTrustee | 1 | $0 |
Wade Cox Director | Trustee | 1 | $0 |
Stacy Fullen Secretary | OfficerTrustee | 1 | $0 |
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 | $254,480 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $254,480 |
| Total Program Service Revenue | $7,469,230 |
| Investment income | $11,926 |
| 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 | $7,766,158 |
| 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. | $165,361 |
| Compensation of current officers, directors, key employees. | $165,361 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,474,972 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $333,218 |
| Payroll taxes | $233,130 |
| Fees for services: Management | $31,923 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,980 |
| 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 | $41,093 |
| Information technology | $54,819 |
| Royalties | $0 |
| Occupancy | $355,665 |
| Travel | $10,623 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $202,287 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $684,563 |
| Insurance | $64,780 |
| All other expenses | $917,371 |
| Total functional expenses | $7,305,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,744,766 |
| Savings and temporary cash investments | $1,047,832 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,180 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,071 |
| Prepaid expenses and deferred charges | $103,312 |
| Net Land, buildings, and equipment | $7,969,372 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $135,589 |
| Total assets | $11,086,122 |
| Accounts payable and accrued expenses | $178,317 |
| Grants payable | $0 |
| Deferred revenue | $1,954,567 |
| 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 | $5,780,184 |
| Unsecured mortgages and notes payable | $485,260 |
| Other liabilities | $0 |
| Total liabilities | $8,398,328 |
| Net assets without donor restrictions | $0 |
| 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 | $2,687,794 |
| Total liabilities and net assets/fund balances | $11,086,122 |