Arrows Academy Of South Carolina
- Assets
- $271.3k
- Revenue
- $527.8k
- Investments
- $0.0
- Employees
- 53
- Location
- Columbia, SC
- Founding
- 04/2018
- Data as of
- 06/2022
- EIN
- 82-1151155
Organization Overview
Arrows Academy Of South Carolina is located in Columbia, SC. The organization was established in 2018. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Arrows Academy Of South Carolina employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arrows Academy Of South Carolina 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, Arrows Academy Of South Carolina generated $527.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $474.4k during the year ending 06/2022. While expenses have increased by 4.0% per year over the past 5 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 PROVIDE SUPPORT, GUIDANCE, AND ENCOURAGEMENT TO HOME EDUCATORS IN SOUTH CAROLINA BASED ON CLOSELY-HELD CHRISTIAN PRINCIPLES. THE ACADEMY PROVIDES CLASSES FOR 338 STUDENTS IN 3 K THROUGH TWELFTH GRADE AS A WAY TO HELP 194 HOUSEHOLDS WHO CHOOSE TO HOMESCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACTIVITIES OF THE ACADEMY FURTHER THE ACADEMYS EXEMPT PURPOSE BY PROVIDING RELIGIOUS, EDUCATIONAL, AND CHARITABLE OPPORTUNITIES. NINETY-FIVE PERCE3NT OF THE ACADEMYS TOTAL TIME IS DEDICATED THE ACTIVITY OF PROVIDING AN ACADEMIC PROGRAM TO ASSIST WITH HOMESCHOOLING REQUIREMENTS GROUNDED IN BIBLICAL TRUTH AND VALUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen L Kemp Director | Trustee | 25 | $0 |
Jennifer R Tharp Vice President | OfficerTrustee | 25 | $0 |
Sarah G Epting Secretary-Treasurer | OfficerTrustee | 25 | $0 |
Jessica Jones President | OfficerTrustee | 35 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,437 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,437 |
| Total Program Service Revenue | $507,322 |
| 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 | $527,759 |
| 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. | $84,872 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $217,124 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,955 |
| Fees for services: Management | $25,945 |
| Fees for services: Legal | $780 |
| Fees for services: Accounting | $4,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $239 |
| Advertising and promotion | $0 |
| Office expenses | $9,676 |
| Information technology | $14,530 |
| Royalties | $0 |
| Occupancy | $19,926 |
| Travel | $847 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $219 |
| Insurance | $2,441 |
| All other expenses | $3,362 |
| Total functional expenses | $474,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,969 |
| 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 | $1,969 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $79,312 |
| Total assets | $271,250 |
| Accounts payable and accrued expenses | $539 |
| Grants payable | $0 |
| Deferred revenue | $74,406 |
| 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 | $74,945 |
| Net assets without donor restrictions | $196,305 |
| 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 | $271,250 |