Sylva-Bay Academy Inc
- Assets
- $997.2k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 48
- Location
- Bay Springs, MS
- Founding
- 04/2007
- Data as of
- 06/2021
- EIN
- 64-0523715
Organization Overview
Sylva-Bay Academy Inc is located in Bay Springs, MS. The organization was established in 2007. 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, Sylva-Bay Academy Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sylva-Bay 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, Sylva-Bay Academy Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. While expenses have increased by 5.7% 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
BY UTILIZING AN INNOVATIVE CURRICULUM, RELEVANT TECHNOLOGY, AND CREATIVE METHODOLOGY WHICH ARE CONTINUALLY EVALUATED AND MODIFIED TO MEET THE NEEDS OF EACH STUDENT, SYLVA-BAY ACADEMY WILL PREPARE STUDENTS TO BECOME LIFE- LONG LEARNERS, RESPONSIBLE CITIZENS AND PRODUCTIVE MEMBERS OF SOCIETY. THE SCHOOL, AND RELATED STAKEHOLDERS WILL CULTIVATE EACH STUDENT'S POTENTIAL WITH A WELL-QUALIFIED AND CARING STAFF, CHALLENGING CURRICULUM, STRENUOUS AND COMPETITIVE ATHLETICS, AND EXTRA-CURRICULAR ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE SCHOOL EDUCATION IS PROVIDED FOR 3-YEAR-OLD KINDERGARTEN THROUGH GRADE 12.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maury Hull Vice Preside | OfficerTrustee | $0 | |
Jamie Holder President | OfficerTrustee | $0 | |
Bobby Hinton Director | Trustee | $0 | |
Tommy Jones Director | Trustee | $0 | |
Brandon Kirkland Director | Trustee | $0 | |
Ronnie Phillips Director | Trustee | $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 | $416,684 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $416,684 |
| Total Program Service Revenue | $1,452,407 |
| 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 | $1,869,091 |
| 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 | $812,904 |
| Pension plan accruals and contributions | $1,066 |
| Other employee benefits | $0 |
| Payroll taxes | $65,786 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,918 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,278 |
| Office expenses | $20,979 |
| Information technology | $82,678 |
| Royalties | $0 |
| Occupancy | $63,975 |
| Travel | $6,354 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $473 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,625 |
| Insurance | $32,100 |
| All other expenses | $171,004 |
| Total functional expenses | $1,739,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,796 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,905 |
| 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 | $815,536 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $997,237 |
| Accounts payable and accrued expenses | $84,380 |
| 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 | $107 |
| Other liabilities | $0 |
| Total liabilities | $84,487 |
| Net assets without donor restrictions | $912,750 |
| 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 | $997,237 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sylva-Bay Academy Inc has recieved totaling $57.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $57 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Delta Inc Helena, AR | $23,299,418 | $20,055,239 |
Baton Rouge Christian Education Foundation Inc Baton Rouge, LA | $25,217,556 | $20,900,810 |
Pulaski Academy Little Rock, AR | $31,968,373 | $17,811,246 |
Episcopal Collegiate School Little Rock, AR | $113,498,551 | $17,410,081 |
Capstone Education Group Inc Memphis, TN | $24,521,664 | $20,250,688 |
Republic Schools Inc Jackson, MS | $19,525,941 | $20,988,573 |
St Pauls Episcopal School Mobile, AL | $26,189,566 | $16,422,172 |
Shreveport Charter Foundation Inc Shreveport, LA | $22,797,736 | $14,507,579 |
The International School Of Louisiana New Orleans, LA | $15,914,115 | $15,973,861 |
Louise S Mcgehee School New Orleans, LA | $27,422,961 | $15,252,868 |
Evangelical Christian School Of Memphis Inc Cordova, TN | $33,174,232 | $18,631,560 |
Alabama Educational Foundation And Indian Springs School A Corporatio Indian Springs, AL | $39,755,713 | $15,139,457 |