Restoration Academy Inc
- Assets
- $5.8m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 78
- Location
- Fairfield, AL
- Founding
- 01/1997
- Data as of
- 06/2021
- EIN
- 63-1158984
Organization Overview
Restoration Academy Inc is located in Fairfield, AL. The organization was established in 1997. 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 06/2021, Restoration Academy Inc employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Restoration 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, Restoration Academy Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $4.1m during the year ending 06/2021. While expenses have increased by 5.9% per year over the past 6 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
CHRISTIAN INNER-CITY K-12 DAY SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL ENROLLS INNER-CITY STUDENTS, OFFERS LOW PUPIL/TEACHER RATIOS, 95% OF STUDENTS GRADUATE AND APPROX 50% OF THOSE GO ON TO COLLEGE; THE SCHOOL OFFERS ATHLETICS, DRAMA, ARTS & BIBLE STUDY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sonny Culp Board Member | Trustee | 1 | $0 |
Billy Longshore Chairman Emeritus | Trustee | 1 | $0 |
Richard Abernathy Chairman | Trustee | 15 | $0 |
Johnny Garlington Board Member | Trustee | 1 | $0 |
Paul Pankey Jr Board Member | Trustee | 1 | $0 |
Abe Smith Board Member | 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 | $3,368,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,368,283 |
| Total Program Service Revenue | $803,654 |
| 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 | $4,171,937 |
| 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 | $2,606,183 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $339,001 |
| Payroll taxes | $195,663 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,138 |
| 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 | $160,163 |
| 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 | $13,234 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $217,982 |
| Insurance | $56,610 |
| All other expenses | $103,686 |
| Total functional expenses | $4,143,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $964,046 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $4,876,593 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,840,639 |
| Accounts payable and accrued expenses | $120,653 |
| 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 | $649,720 |
| Total liabilities | $770,373 |
| Net assets without donor restrictions | $4,715,839 |
| Net assets with donor restrictions | $354,427 |
| 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 | $5,840,639 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Restoration Academy Inc has recieved totaling $1,905,572.
| Awarding Organization | Amount |
|---|---|
Scholarships For Kids Inc Birmingham, AL PURPOSE: TO PROVIDE ACCESS TO QUALITY EDUCATION | $1,120,654 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $513,800 |
The Community Foundation Of Greater Birmingham Birmingham, AL PURPOSE: GENERAL SUPPORT | $70,700 |
Hill Crest Foundation Inc Mountain Brook, AL PURPOSE: SUPPORT | $50,000 |
Daniel Foundation Of Alabama Birmingham, AL PURPOSE: CHARITABLE | $40,000 |
Sanders Family Foundation Birmingham, AL PURPOSE: GENERAL SCHOLARSHIP FUND | $20,000 |
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 |