Lee Scott Academy Inc
- Assets
- $16.0m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 125
- Location
- Auburn, AL
- Founding
- 08/1967
- Data as of
- 06/2022
- EIN
- 63-0521454
Organization Overview
Lee Scott Academy Inc is located in Auburn, AL. The organization was established in 1967. 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 06/2022, Lee Scott Academy Inc employed 125 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lee Scott 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 06/2022, Lee Scott Academy Inc generated $8.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $7.9m during the year ending 06/2022. While expenses have increased by 4.2% per year over the past 5 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
EDUCATIONAL ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL ACTIVITIES FOR PRE-K THROUGH 12TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Scott Founders Board President | OfficerTrustee | 0 | $0 |
Rozi Dover Immediate Past President | OfficerTrustee | 3 | $0 |
Laura Mckay President | OfficerTrustee | 2 | $0 |
Mike Clardy Vice President | OfficerTrustee | 1 | $0 |
Howard Weissinger Secretary | OfficerTrustee | 1 | $0 |
Devin Gibson Assistant Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $97,028 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $779,400 |
| Noncash contributions included in lines 1a–1f | $116,564 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $876,428 |
| Total Program Service Revenue | $7,492,123 |
| Investment income | $64,391 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$53,383 |
| Net Income from Fundraising Events | -$33,725 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,345,834 |
| 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 | $4,550,768 |
| Pension plan accruals and contributions | $133,448 |
| Other employee benefits | $0 |
| Payroll taxes | $331,248 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,428 |
| Fees for services: Accounting | $19,435 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $79,452 |
| 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 | $14,484 |
| 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 | $762,565 |
| Insurance | $261,753 |
| All other expenses | $326,096 |
| Total functional expenses | $7,929,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,142,481 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $668,598 |
| Accounts receivable, net | $119,562 |
| 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 | $208,883 |
| Net Land, buildings, and equipment | $9,526,122 |
| Investments—publicly traded securities | $2,381,805 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,047,451 |
| Accounts payable and accrued expenses | $153,836 |
| Grants payable | $0 |
| Deferred revenue | $812,110 |
| 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 | $51,723 |
| Total liabilities | $1,017,669 |
| Net assets without donor restrictions | $10,964,778 |
| Net assets with donor restrictions | $4,065,004 |
| 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 | $16,047,451 |