Canton Academic Foundation Inc
- Assets
- $2.0m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 53
- Location
- Canton, MS
- Founding
- 10/1992
- Data as of
- 06/2022
- EIN
- 64-0435452
Organization Overview
Canton Academic Foundation Inc is located in Canton, MS. The organization was established in 1992. As of 06/2022, Canton Academic Foundation Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canton Academic Foundation 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 06/2022, Canton Academic Foundation Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $2.8m during the year ending 06/2022. While expenses have increased by 2.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE STUDENTS WITH VARIED LEARNING EXPERIENCES SO THAT THEY MAY GROW INTELLECTUALLY, SOCIALLY, MORALLY, AND PHYSICALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC PROGRAMS: THE FOUNDATION PROVIDED EDUCATION ON A NONDISCRIMINATORY BASIS TO A STUDENT BODY OF APPROXIMATELY 325 STUDENTS. STUDENT ACTIVITIES: THE FOUNDATION PROVIDES STUDENTS THE OPPORTUNITIES TO PARTICIPATE IN THE NORMAL EXTRACIRRICULAR ACTIVITIES SUCH AS SPORTS, CHEERLEADING, BAND, ANNUAL STAFF, STUDENT GOVERNMENT, AND THE LIKE. THE ACTIVITIES ARE DONE ON A NONDISCRIMNATORY BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Libby Bradberry Treasurer | OfficerTrustee | $0 | |
Daniel S Spivey President | OfficerTrustee | $0 | |
Leigh Pace Vice Preside | OfficerTrustee | $0 | |
James Ryan Laster Head Of Scho | OfficerTrustee | $0 | |
Kimberly Pratt Secretary | OfficerTrustee | $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 | $9,387 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,387 |
| Total Program Service Revenue | $2,610,129 |
| 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 | $2,619,516 |
| 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 | $1,481,683 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $112,663 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $217,545 |
| 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 | $122,313 |
| Insurance | $44,689 |
| All other expenses | $172,921 |
| Total functional expenses | $2,793,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $688,401 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,356 |
| 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 | $1,257,721 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,713 |
| Other assets | $0 |
| Total assets | $1,996,191 |
| Accounts payable and accrued expenses | $39,176 |
| Grants payable | $0 |
| Deferred revenue | $506,368 |
| 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 | $552,820 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $207,777 |
| Total liabilities | $1,306,141 |
| 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 | $110,316 |
| Retained earnings, endowment, accumulated income, or other funds | $579,734 |
| Total liabilities and net assets/fund balances | $1,996,191 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Canton Academic Foundation Inc has recieved totaling $81.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $81 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tenn Secondary School Athletic Assn Hermitage, TN | $4,684,612 | $5,566,331 |
Canton Academic Foundation Inc Canton, MS | $1,996,191 | $2,619,516 |
Jaguar Athletic Fund Inc Mobile, AL | $1,142,954 | $1,254,406 |
Anderson County Quarterback Club Inc Clinton, TN | $80,282 | $366,573 |
Tennessee Athletic Coaches Association Inc Columbia, TN | $287,407 | $250,646 |
Emerald Mountain Volunteer Fire Department Inc Wetumpka, AL | $399,509 | $0 |
Petrochemical Athletic Association Inc Lake Charles, LA | $24,267 | $0 |