Brookhaven Academy Educational Foundation Inc
- Assets
- $3.7m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Brookhaven, MS
- Founding
- 06/2003
- Data as of
- 06/2021
- EIN
- 64-0934312
Organization Overview
Brookhaven Academy Educational Foundation Inc is located in Brookhaven, MS. The organization was established in 2003. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brookhaven Academy Educational 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 06/2021, Brookhaven Academy Educational Foundation Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $3.8m during the year ending 06/2021. While expenses have increased by 2.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A SCHOOL FOR GRADES K- 12
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS OPERATING BROOKHAVEN ACADEMY, A SCHOOL THAT PROVIDES COLLEGE PREPARATORY EDUCATIONAL SERVICES TO STUDENTS IN GRADES K-12.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Thurman Vice President | OfficerTrustee | 5 | $0 |
Dr Clay Johnston Secretary | OfficerTrustee | 5 | $0 |
Dr Chad Smith President | OfficerTrustee | 5 | $0 |
Michael Gates Treasurer | OfficerTrustee | 5 | $0 |
Brandon Baker Board Member | Trustee | 5 | $0 |
Sloane Smith Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $584,406 |
| Investment income | $5,558 |
| 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 | $4,641,212 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $1,963,476 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $140,586 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,426 |
| 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 | $2,264 |
| Office expenses | $6,868 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $105,157 |
| Travel | $2,462 |
| 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 | $83,117 |
| Insurance | $70,336 |
| All other expenses | $0 |
| Total functional expenses | $3,761,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,172,345 |
| Savings and temporary cash investments | $38,650 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,250 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,039,370 |
| Total assets | $3,664,208 |
| Accounts payable and accrued expenses | $25,432 |
| Grants payable | $0 |
| Deferred revenue | $1,056,555 |
| 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 | $95,575 |
| Total liabilities | $1,177,562 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,486,646 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Brookhaven Academy Educational Foundation Inc has recieved totaling $71.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $71 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jackson Academy Inc Jackson, MS | $38,072,523 | $26,664,882 |
Community Academies Of New Orleans Inc New Orleans, LA | $3,607,282 | $19,811,905 |
Randolph School Huntsville, AL | $69,168,210 | $21,425,432 |
Republic Schools Nashville Nashville, TN | $31,048,580 | $24,002,902 |
Christian Academy Of Knoxville Inc Knoxville, TN | $16,374,308 | $19,411,697 |
Cornerstone Academy Inc Morristown, TN | $83,376,022 | $25,507,605 |
Madison-Ridgeland Academy Madison, MS | $29,135,034 | $17,543,993 |
French & Montessori Education Inc New Orleans, LA | $8,632,060 | $13,354,447 |
Jackson Preparatory School Foundation Flowood, MS | $34,520,823 | $13,506,149 |
Oak Hill School Nashville, TN | $26,162,856 | $13,591,282 |
Arise Academy New Orleans, LA | $3,784,290 | $13,860,913 |
Bayside Academy Inc Daphne, AL | $24,736,797 | $13,712,687 |