Marion Academy Inc is located in Marion, AL. The organization was established in 1988. 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 05/2022, Marion Academy Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marion 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 05/2022, Marion Academy Inc generated $241.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $265.6k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 7 years. 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
ELEMENTARY AND SECONDARY EDUCATION FACILTIY (GRADES K-12)
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEMENTARY AND SECONDARY EDUCATION FACILITY (GRADES K-12)
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dr Cynthia Stewart Member | OfficerTrustee | $0 | |
Paul Thurber Member | OfficerTrustee | $0 | |
Jonathan Goode Member | OfficerTrustee | $0 | |
Rebecca Watford Chairman | OfficerTrustee | $0 | |
Shannon Zumwalt Member | OfficerTrustee | $0 |
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 | $88,934 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $88,934 |
Total Program Service Revenue | $152,512 |
Investment income | $9 |
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 | $241,455 |
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 | $195,888 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $40,270 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,221 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
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 | $0 |
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 | $1,048 |
Insurance | $0 |
All other expenses | $4,772 |
Total functional expenses | $265,635 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $21,637 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $16,270 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $37,907 |
Accounts payable and accrued expenses | $43,201 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $0 |
Total liabilities | $43,201 |
Net assets without donor restrictions | -$5,294 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $37,907 |
Over the last fiscal year, we have identified 2 grants that Marion Academy Inc has recieved totaling $28,000.
Awarding Organization | Amount |
---|---|
Marion Military Institute Foundation Inc Marion, AL PURPOSE: Assistance to provide general support. | $14,000 |
Marion Military Institute Foundation Inc Marion, AL PURPOSE: Assistance to provide general support. | $14,000 |
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 |