Bayside Academy Inc
- Assets
- $31.8m
- Revenue
- $21.6m
- Investments
- $0.0
- Employees
- 259
- Location
- Daphne, AL
- Founding
- 10/1967
- Data as of
- 06/2023
- EIN
- 63-0521587
Organization Overview
Bayside Academy Inc is located in Daphne, AL. The organization was established in 1967. 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, Bayside Academy Inc employed 259 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bayside 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, Bayside Academy Inc generated $21.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $14.0m during the year ending 06/2023. While expenses have increased by 3.9% 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
BAYSIDE'S MISSION IS TO EDUCATE AND DEVELOP STUDENTS WHO ARE FULLY PREPARED TO PURSUE EDUCATION THROUGHOUT LIFE. THESE STUDENTS EXHIBIT HIGH MORAL STANDARDS, A SENSE OF RESPONSIBILITY, RESPECT FOR SELF AND OTHERS, AND A COMMITMENT TO EXCELLENCE IN ALL THEIR ENDEAVORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADAMIC PROGRAMS: BAYSIDE PROVIDES HIGH QUALITY EDUCATION. DURING THE YEAR, BAYSIDE HAD AN ENROLLMENT OF 857 STUDENTS AS FOLLOWS: EARLY CHILDHOOD CENTER (PK3 THROUGH KINDERGARTEN) - 118 LOWER SCHOOL (GRADES 1 THROUGH 4) - 228 INTERMEDIATE SCHOOL (GRADES 5 THROUGH 8) - 251 UPPER SCHOOL (GRADES 9 THROUGH 12) - 260 IN MAY 2023, BAYSIDE GRADUATED 64 STUDENTS.
AUXILIARY SERVICES: BAYSIDE PROVIDES AUXILIARY SERVICES FOR STUDENTS WHICH INCLUDES AFTER- SCHOOL CARE, ACADEMIC COUNSELING, SUMMER CAMP, ETC.
STUDENT ACTIVITES: BAYSIDE PROVIDES VARIOUS STUDENT ACTIVITES SUCH AS ATHLETICS, CLUBS, ORGANIZATIONS, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Phillips Head Of Scho | $258,000 | ||
Morgan Ashurst Trustee | Trustee | $0 | |
Max Bruckmann Trustee | Trustee | $0 | |
Russell Buster Vice-Chairma | OfficerTrustee | $0 | |
Thomas Gross CFA CPA Trustee | Trustee | $0 | |
Sadie Mclean Cooper Trustee | Trustee | $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 | $8,039,650 |
| Noncash contributions included in lines 1a–1f | $7,140,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,039,650 |
| Total Program Service Revenue | $12,534,240 |
| Investment income | $91,336 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,281 |
| Net Income from Fundraising Events | $389,504 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $267,378 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,595,894 |
| 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 | $7,680,276 |
| Pension plan accruals and contributions | $216,857 |
| Other employee benefits | $1,186,022 |
| Payroll taxes | $578,539 |
| 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 | $38,743 |
| Advertising and promotion | $151,708 |
| Office expenses | $100,063 |
| Information technology | $123,077 |
| Royalties | $0 |
| Occupancy | $345,125 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $138,217 |
| Interest | $1,034 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $877,958 |
| Insurance | $404,359 |
| All other expenses | $0 |
| Total functional expenses | $13,991,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,050 |
| Savings and temporary cash investments | $6,658,087 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $156,601 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $110,540 |
| Prepaid expenses and deferred charges | $814,640 |
| Net Land, buildings, and equipment | $20,430,853 |
| Investments—publicly traded securities | $104,600 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,388,031 |
| Total assets | $31,806,402 |
| Accounts payable and accrued expenses | $785,321 |
| Grants payable | $0 |
| Deferred revenue | $6,132,852 |
| 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 | $441,209 |
| Total liabilities | $7,359,382 |
| Net assets without donor restrictions | $21,501,651 |
| Net assets with donor restrictions | $2,945,369 |
| 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 | $31,806,402 |