Bayside Academy Inc
- Assets
- $24.7m
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 199
- Location
- Daphne, AL
- Founding
- 10/1967
- Data as of
- 06/2021
- 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 06/2021, Bayside Academy Inc employed 199 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 06/2021, Bayside Academy Inc generated $13.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $12.3m during the year ending 06/2021. While expenses have increased by 2.7% per year over the past 7 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
2021
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 811 STUDENTS AS FOLLOWS: LOWER SCHOOL (GRADES PK THROUGH 4) - 299 INTERMEDIATE SCHOOL (GRADES 5 THROUGH 8) - 231 UPPER SCHOOL (GRADES 9 THROUGH 12) - 281 IN MAY 2021, BAYSIDE GRADUATED 63 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 |
|---|---|---|---|
Michael Papa Head Of Scho | $236,160 | ||
Ashley Daves Secretary | OfficerTrustee | $0 | |
Brad Hicks Vice-Chairma | OfficerTrustee | $0 | |
Hunter Lyons Chairman | OfficerTrustee | $0 | |
Russell Buster Trustee | Trustee | $0 | |
Thomas Gross CFA CPA Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $604,155 |
| Investment income | $51,807 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,758 |
| Net Income from Fundraising Events | $49,377 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $193,593 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,712,687 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,131,374 |
| Pension plan accruals and contributions | $250,856 |
| Other employee benefits | $903,696 |
| Payroll taxes | $503,260 |
| 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 | $27,734 |
| Advertising and promotion | $112,548 |
| Office expenses | $80,404 |
| Information technology | $163,266 |
| Royalties | $0 |
| Occupancy | $252,104 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,976 |
| Interest | $49,424 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $880,047 |
| Insurance | $268,093 |
| All other expenses | $0 |
| Total functional expenses | $12,330,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,388 |
| Savings and temporary cash investments | $6,065,003 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $212,191 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $57,352 |
| Prepaid expenses and deferred charges | $494,533 |
| Investments—publicly traded securities | $125,137 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,556,489 |
| Total assets | $24,736,797 |
| Accounts payable and accrued expenses | $811,508 |
| Grants payable | $0 |
| Deferred revenue | $5,402,824 |
| 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 | $985,397 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $454,045 |
| Total liabilities | $7,653,774 |
| 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 |
| Total liabilities and net assets/fund balances | $17,083,023 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bayside Academy Inc has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Richard A & Donna L Sterban Foundation Grosse Pointe, MI PURPOSE: GENERAL SUPPORT | $250 |
Endowment Analysis
| Beg. Balance | $3,087,724 |
| Earnings | $628,484 |
| Admin Expense | $1,197 |
| Net Contributions | $11,491 |
| Other Expense | $94,026 |
| Ending Balance | $3,632,476 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ensworth School Nashville, TN | $203,625,309 | $44,175,360 |
Kings Academy Inc West Palm Beach, FL | $71,507,499 | $41,105,705 |
Bridgeprep Academy Inc Miami, FL | $11,150,990 | $35,186,838 |
Westminster Christian School Miami, FL | $63,040,762 | $31,809,440 |
Scheck Hillel Community School Inc North Miami, FL | $32,581,738 | $29,091,360 |
Freedom Preparatory Academy Inc Memphis, TN | $50,857,494 | $33,295,008 |
Cushman School Inc Miami, FL | $60,717,443 | $28,827,418 |
Mt Paran Christian School Inc Kennesaw, GA | $56,928,804 | $29,889,603 |
Franklin Road Academy Inc Nashville, TN | $58,128,778 | $31,046,189 |
Brentwood Academy Inc Brentwood, TN | $50,379,157 | $25,930,047 |
The Hebrew Day School Of Broward County Inc Davie, FL | $31,151,205 | $23,429,832 |
Jackson Academy Inc Jackson, MS | $38,072,523 | $26,664,882 |