Sheridan Academy Inc is located in Meridian, ID. The organization was established in 2000. 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 06/2017, Sheridan Academy Inc employed 3 individuals. Sheridan 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 06/2017, Sheridan Academy Inc generated $229.0k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $270.5k during the year ending 06/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
AN ACCREDITED NON-PROFIT PRIVATE SCHOOL THAT PROVIDES A COLLEGE PREPARATORY EDUCATION FOR STUDENTS SEEKING A MORE PERSONALIZED AND CHALLENGING ACADEMIC PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE SERVE A RANGE OF STUDENTS GRADES 6-12 WHO ARE EITHER UNSUCCESSFUL OR UNMOTIVATED IN THE TRADITIONAL SCHOOL SETTING, SUCH AS STUDENTS WHO ARE: GIFTED, TALENTED AND UNCHALLENGED BY THE PACE IN LARGE CLASSES STRUGGLING IN SPECIFIC SUBJECTS, BUT AT GRADE LEVEL OR BEYOND IN OTHERS INTERNATIONAL STUDENTS WHO CAN BENEFIT FROM A PERSONALIZED ESL PROGRAM CHALLENGED WITH MILD LEARNING DISABILITIES SUCH AS DYSLEXIA, ADHD, OR MILD AUTISM UNCOMFORTABLE WITH THE SOCIAL PRESSURES IN A LARGE SCHOOL ENVIRONMENT HOME SCHOOLED AND NEED SPECIFIC SUBJECT COVERAGETHE TYPICAL SHERIDAN STUDENT HAS AN AVERAGE OR ABOVE AVERAGE IQ LEVEL, BUT HAS NOT EXPERIENCED SUCCESS IN HIS OR HER SCHOOL SETTING DUE TO A VARIETY OF CHALLENGES. ONE EXCEPTION, SHERIDAN DOES NOT ACCEPT STUDENTS WHO HAVE BEEN DIAGNOSED WITH A BEHAVIORAL DISORDER AND DOES NOT OFFER A THERAPEUTIC COMPONENT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Leigh Wilson Executivekey Employee | Officer | 40 | $52,000 |
Greg Norton Directorkey Employee | Officer | 40 | $48,000 |
Robert Shultz President | Officer | 5 | $0 |
Teresa Stanfill VP | Officer | 1 | $0 |
Katie Hird Treasurer | Officer | 5 | $0 |
Robert Inman Board Member | Officer | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $11,178 |
Investment income | $1,506 |
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 | $229,037 |
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. | $100,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $61,602 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $14,116 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $715 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $8,160 |
Advertising and promotion | $17,842 |
Office expenses | $2,830 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $47,700 |
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 | $2,340 |
Insurance | $2,199 |
All other expenses | $0 |
Total functional expenses | $270,516 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $30,188 |
Savings and temporary cash investments | $74,280 |
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 | $102,044 |
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 | $2,500 |
Total assets | $231,505 |
Accounts payable and accrued expenses | $4,744 |
Grants payable | $0 |
Deferred revenue | $500 |
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 | $0 |
Total liabilities | $5,244 |
Net assets without donor restrictions | $226,261 |
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 | $226,261 |
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