Marion Academy Inc

Organization Overview

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.

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)


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Board, Officers & Key Employees

Name (title)Compensation
Dr Cynthia Stewart
Member
$0
Paul Thurber
Member
$0
Jonathan Goode
Member
$0
Rebecca Watford
Chairman
$0
Shannon Zumwalt
Member
$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$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

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Marion Academy Inc has recieved totaling $28,000.

Awarding OrganizationAmount
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
View Grant Recipient Profile

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