Glenwood School Inc
- Assets
- $4.0m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 112
- Location
- Smiths Station, AL
- Founding
- 05/1984
- Data as of
- 06/2023
- EIN
- 63-0580998
Organization Overview
Glenwood School Inc is located in Smiths Station, AL. The organization was established in 1984. 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, Glenwood School Inc employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glenwood School 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, Glenwood School Inc generated $5.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $4.8m during the year ending 06/2023. While expenses have increased by 7.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A QUALITY EDUCATION IN A SAFE AND SECURE CHRISTIAN ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATION TO OVER 756 STUDENTS IN GRADES K-2 THROUGH GRADE 12 IN ADDITION TO PROVIDING RESOURCES TO ALLOW THEM TO PARTICIPATE IN VARIOUS ATHLETIC PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Davidson Headmaster | 40 | $123,166 | |
Frankie Mitchum Head Master | 40 | $48,935 | |
Holli Lahr CFO | 40 | $44,000 | |
Amy Tate Director | Trustee | 1 | $0 |
Derek Denny Director | Trustee | 1 | $0 |
Mike Osman Director | Trustee | 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 | $439,784 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $439,784 |
| Total Program Service Revenue | $5,199,603 |
| Investment income | $0 |
| 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 | $5,639,387 |
| 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. | $172,101 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,144,874 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,371 |
| Payroll taxes | $241,503 |
| Fees for services: Management | $17,870 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,950 |
| Office expenses | $42,610 |
| Information technology | $64,638 |
| Royalties | $0 |
| Occupancy | $278,779 |
| Travel | $69,363 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,313 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $160,983 |
| Insurance | $174,292 |
| All other expenses | $36,892 |
| Total functional expenses | $4,810,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,410,527 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,116 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $146,947 |
| Prepaid expenses and deferred charges | $3,850 |
| Net Land, buildings, and equipment | $2,394,944 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,976,384 |
| Accounts payable and accrued expenses | $52,122 |
| Grants payable | $0 |
| Deferred revenue | $242,475 |
| 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 | $577,550 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,220 |
| Total liabilities | $881,367 |
| 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 | $1,309,560 |
| Retained earnings, endowment, accumulated income, or other funds | $1,785,457 |
| Total liabilities and net assets/fund balances | $3,976,384 |