Brentwood Academy Inc
- Assets
- $51.4m
- Revenue
- $26.8m
- Investments
- $18.3m
- Employees
- 317
- Location
- Brentwood, TN
- Founding
- 05/1970
- Data as of
- 06/2023
- EIN
- 62-0811952
Organization Overview
Brentwood Academy Inc is located in Brentwood, TN. The organization was established in 1970. 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 06/2023, Brentwood Academy Inc employed 317 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brentwood 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, Brentwood Academy Inc generated $26.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $27.0m during the year ending 06/2023. While expenses have increased by 3.3% 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
BRENTWOOD ACADEMY IS A COEDUCATIONAL, INDEPENDENT, COLLEGE PREPARATORY SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRENTWOOD ACADEMY OFFERS A WIDE VARIETY OF PROGRAMS UNDER THE MAJOR PROGRAM SERVICE TITLE OF "ACADEMICS." APPROXIMATELY 750 STUDENTS ARE CURRENTLY SERVED BY THE ACADEMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis Masters Head Of School | Officer | 40 | $523,108 |
Donald Ray Mullican Jr Assoc Head Of School-Finan | Officer | 40 | $230,079 |
William D Preble Assoc Head Of School-Enrol | 40 | $236,300 | |
Cody White Dir/athletics | 40 | $172,953 | |
Scott Wells History/football/wrestling | 40 | $209,769 | |
Frank A Bradshaw Assoc Head Of School-Us Di | 40 | $141,961 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Esa Inc Architecture Services | 6/29/23 | $390,866 |
Flik (Chartwells Dining Services) Food Services | 6/29/23 | $882,579 |
The Parke Company Inc Lawn Service | 6/29/23 | $163,375 |
Stansell Eletric Electrical Repair | 6/29/23 | $127,581 |
The Budd Group Janitorial Service | 6/29/23 | $278,044 |
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 | $1,533,964 |
| Noncash contributions included in lines 1a–1f | $158,594 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,533,964 |
| Total Program Service Revenue | $24,305,224 |
| Investment income | $755,299 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $54,975 |
| Net Gain/Loss on Asset Sales | -$97,510 |
| Net Income from Fundraising Events | $169,966 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,834,529 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,586,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $618,205 |
| Compensation of current officers, directors, key employees. | $587,295 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,928,708 |
| Pension plan accruals and contributions | $637,781 |
| Other employee benefits | $1,573,643 |
| Payroll taxes | $779,544 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,728 |
| Fees for services: Accounting | $46,657 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $85,713 |
| Advertising and promotion | $0 |
| Office expenses | $1,312,349 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,712,847 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $105,093 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,130,870 |
| Insurance | $246,217 |
| All other expenses | $74,193 |
| Total functional expenses | $26,960,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,042,840 |
| Savings and temporary cash investments | $119,839 |
| Pledges and grants receivable | $448,066 |
| Accounts receivable, net | $820,877 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $159,214 |
| Prepaid expenses and deferred charges | $243,433 |
| Net Land, buildings, and equipment | $28,765,090 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $18,331,949 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $495,985 |
| Total assets | $51,427,293 |
| Accounts payable and accrued expenses | $1,453,902 |
| Grants payable | $0 |
| Deferred revenue | $3,147,252 |
| 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 | $1,935,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $72,656 |
| Total liabilities | $6,608,810 |
| Net assets without donor restrictions | $34,602,071 |
| Net assets with donor restrictions | $10,216,412 |
| 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 | $51,427,293 |