Savannah River Academy Inc
- Assets
- $1.6m
- Revenue
- $867.1k
- Investments
- $0.0
- Employees
- 40
- Location
- Grovetown, GA
- Founding
- 10/2018
- Data as of
- 06/2021
- EIN
- 82-3287890
Organization Overview
Savannah River Academy Inc is located in Grovetown, GA. The organization was established in 2018. 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, Savannah River Academy Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Savannah River 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, Savannah River Academy Inc generated $867.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 74.3% each year . All expenses for the organization totaled $727.9k during the year ending 06/2021. While expenses have increased by 65.1% per year over the past 3 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
SRA WAS CREATED SPECIFICALLY TO BE DIFFERENT. IT IS A NON-SECTARIAN LEARNING CENTER OFFERING BOTH FULL TIME ENROLLMENT, AS WELL AS A HYBRID ENROLLMENT OPTION TO PARENTS OF HOMESCHOOLERS WHO ARE LOOKING FOR ONLY CORE CLASS ENROLLMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAVANNNAH RIVER ACADEMY, INC. IS A NON-SECTARIAN, FULLY ACCREDITED K-8TH SCHOOL, OFFERING FULL TIME ENROLLMENT AS WELL AS A PART TIME OPTION TO PARENTS OF HOMESCHOOLERS WHO ARE LOOKING FOR ONLY CORE ACADEMIC CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lalitha Kavuri Secretary | OfficerTrustee | 20 | $9,194 |
Ben Braxton Treasurer | OfficerTrustee | 20 | $0 |
Rebecca Rogers Vice Chair | OfficerTrustee | 20 | $0 |
Emily Knodel Chair | OfficerTrustee | 20 | $0 |
Maribeth Burns Principal Ex | Officer | $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 | $150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150 |
| Total Program Service Revenue | $866,984 |
| Investment income | $11 |
| 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 | $867,145 |
| 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. | $9,194 |
| Compensation of current officers, directors, key employees. | $9,194 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $354,276 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $37,842 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,669 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,796 |
| Advertising and promotion | $2,837 |
| Office expenses | $7,172 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $53,958 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,025 |
| Insurance | $9,921 |
| All other expenses | $11,126 |
| Total functional expenses | $727,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $447,020 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $130,295 |
| 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 | $987,755 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,119 |
| Total assets | $1,593,189 |
| Accounts payable and accrued expenses | $3,136 |
| 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 | $841,092 |
| Other liabilities | $53,916 |
| Total liabilities | $898,144 |
| Net assets without donor restrictions | $655,545 |
| Net assets with donor restrictions | $39,500 |
| 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 | $1,593,189 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Savannah River Academy Inc has recieved totaling $206.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $206 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Charter Educational Foundation Inc Ft Lauderdale, FL | $156,543,730 | $97,506,587 |
Pine Crest Preparatory School Inc Fort Lauderdale, FL | $333,237,666 | $117,032,606 |
Woodward Academy Inc College Park, GA | $297,987,009 | $85,209,091 |
Westminster Schools Inc Atlanta, GA | $596,739,021 | $99,709,851 |
Gulliver Preparatory School Inc Miami, FL | $217,883,947 | $98,038,609 |
Lovett School Atlanta, GA | $255,570,564 | $63,708,553 |
The East Coast Migrant Head Start Project Raleigh, NC | $15,412,919 | $60,635,891 |
Ransom Everglades School Inc Miami, FL | $255,259,179 | $68,191,853 |
Charlotte Country Day School Charlotte, NC | $226,176,676 | $57,558,870 |
Mccallie School Inc Chattanooga, TN | $251,954,499 | $79,356,942 |
Bolles School Jacksonville, FL | $131,930,396 | $55,866,326 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |