Edgewood Academy Inc
- Assets
- $1.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 44
- Location
- Elmore, AL
- Founding
- 08/2010
- Data as of
- 05/2022
- EIN
- 63-1035437
Organization Overview
Edgewood Academy Inc is located in Elmore, AL. The organization was established in 2010. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 05/2022, Edgewood Academy Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edgewood 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, Edgewood Academy Inc generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $2.0m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) 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
EDGEWOOD ACADEMY PROVIDES STUDENTS WITH A COMPREHENSIVE COLLEGE PREPARATORY EDUCATION IN A SAFE AND SUPPORTIVE ENVIRONMENT, PREPARING STUDENTS FOR A FUTURE OF LIFELONG LEARNING AND PRODUCTIVE CITIZENSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE PREPARATORY SCHOOL, KINDERGARTEN THROUGH GRADE 12
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bart Mercer Chairman & Trustee | OfficerTrustee | 0 | $0 |
Carey Dennis Vice-Chairman & Trustee | OfficerTrustee | 0 | $0 |
Leslie Weldon Asst. Treasurer & Trustee | OfficerTrustee | 0 | $0 |
Carey Williams Secretary & Trustee | OfficerTrustee | 0 | $0 |
Roger Benton Trustee | Trustee | 0 | $0 |
Chad Davidson Trustee | Trustee | 0 | $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 | $7,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,200 |
| Total Program Service Revenue | $1,913,239 |
| 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 | $1,981,326 |
| 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. | $201,779 |
| Compensation of current officers, directors, key employees. | $52,578 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $817,648 |
| Pension plan accruals and contributions | $19,732 |
| Other employee benefits | $0 |
| Payroll taxes | $80,698 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,142 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,803 |
| Office expenses | $24,319 |
| Information technology | $28,321 |
| Royalties | $0 |
| Occupancy | $83,074 |
| Travel | $3,936 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $45,706 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,032 |
| Insurance | $62,281 |
| All other expenses | $2,042 |
| Total functional expenses | $2,026,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,221 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $99,955 |
| 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 | $964,983 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $19,759 |
| Other assets | $2,820 |
| Total assets | $1,160,738 |
| Accounts payable and accrued expenses | $15,289 |
| 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 | $843,466 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $124,959 |
| Total liabilities | $983,714 |
| 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 | $464,745 |
| Retained earnings, endowment, accumulated income, or other funds | -$287,721 |
| Total liabilities and net assets/fund balances | $1,160,738 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Edgewood Academy Inc has recieved totaling $170.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $170 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Canterbury School Corporation Fort Myers, FL | $32,236,169 | $23,638,435 |
Brookstone School Inc Columbus, GA | $71,035,506 | $24,481,396 |
The Masters Academy Of Central Florida Inc Oviedo, FL | $26,482,967 | $18,246,673 |
Savannah Christian Preparatory School Inc Savannah, GA | $28,769,990 | $18,697,901 |
Saint Edwards School Vero Beach, FL | $54,149,022 | $17,250,987 |
Capstone Education Group Inc Memphis, TN | $24,521,664 | $20,250,688 |
Republic Schools Inc Jackson, MS | $19,525,941 | $20,988,573 |
Strong Rock Christian School Inc Locust Grove, GA | $18,179,980 | $18,285,975 |
Fellowship Christian School Inc Roswell, GA | $48,536,188 | $18,034,878 |
St Pauls Episcopal School Mobile, AL | $26,189,566 | $16,422,172 |
Dubois Integrity Academy Inc Riverdale, GA | $36,435,666 | $18,797,787 |
William Monroe Rowlett Academy For Arts And Communication Bradenton, FL | $11,754,381 | $15,312,169 |