Albuquerque Academy Hcsr
- Assets
- $165.8m
- Revenue
- $34.2m
- Investments
- $24.0m
- Employees
- 480
- Location
- Albuquerque, NM
- Founding
- 11/1972
- Data as of
- 06/2021
- EIN
- 85-0129165
Organization Overview
Albuquerque Academy Hcsr is located in Albuquerque, NM. The organization was established in 1972. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Albuquerque Academy Hcsr employed 480 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albuquerque Academy Hcsr 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, Albuquerque Academy Hcsr generated $34.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $32.2m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ALBUQUERQUE ACADEMY IS A NON-DENOMINATIONAL, COEDUCATIONAL, INDEPENDENT DAY SCHOOL.
Describe the Organization's Program Activity:
ALBUQUERQUE ACADEMY IS A NATIONALLY-RECOGNIZED INDEPENDENT, COLLEGE PREPARATORY DAY SCHOOL THAT SERVES A DIVERSE STUDENT BODY IN GRADES SIX THROUGH TWELVE. THE SCHOOL OFFERS EDUCATIONAL PROGRAMS THAT PROMOTE A PASSION FOR LIFELONG LEARNING, FOSTER CREATIVITY AND CONNECTION, AND ENCOURAGE COMMUNITY SERVICE. SEE SCHEDULE O.
ALBUQUERQUE ACADEMY OFFERS A SIX WEEK SUMMER PROGRAM THAT PROVIDED EDUCATIONAL OPPORTUNITIES TO 797 STUDENTS DURING THE FISCAL YEAR ENDED JUNE 30, 2021. SEE SCHEDULE O.
ALBUQUERQUE ACADEMY HAS PARTNERED WITH SAGE DINING SERVICES TO PROVIDE FOOD SERVICE TO THE ON-CAMPUS DINING HALLS. SAGE FOCUSES ON SAFETY, QUALITY SERVICE, COMMUNITY, NUTRITION, EDUCATION, SUSTAINABILITY, AND DELICIOUS FOOD MADE FROM SCRATCH USING SEASONAL AND LOCALLY-SOURCED INGREDIENTS WHEN AVAILABLE. SEE SCHEDULE O.
CHARGER AQUATICS ("CAQ")CAQ IS A COMPREHENSIVE, YEAR-ROUND AQUATICS PROGRAM THAT PROVIDES SWIMMERS IN THE GREATER ALBUQUERQUE AREA WITH OPPORTUNITIES TO LEARN, PARTICIPATE, AND COMPETE IN THE SCHOOL'S NATATORIUM AND IS OFFERED AS PART OF THE SCHOOL'S ONGOING COMMITMENT TO PROVIDE SERVICE AND OUTREACH TO THE COMMUNITY AT LARGE. CAQ OFFERS MEMBERSHIP IN USA-SANCTIONED CLUBS, INCLUDING USA SWIMMING AND US MASTERS SWIMMING, ALONG WITH A SELECTION OF NON-MEMBER AQUATICS CLASSES SUCH AS SWIM LESSONS AND LIFEGUARD CERTIFICATION. TOTAL ENROLLMENT FOR ALL PROGRAMS WAS 265 FOR THE FISCAL YEAR ENDED JUNE 30, 2021.THE FINANCIAL RESULTS DIRECTLY BELOW REPRESENT CAQ AND ALL OTHER PROGRAM SERVICES EXPENSES AND REVENUES:
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Watson Head Of School (through 6/30/2020) | Officer | 40 | $311,914 |
Julianne Puente Head Of School | Officer | 40 | $239,993 |
Bruce Orem Chief Financial Officer | Officer | 40 | $227,354 |
Stephanie Levy-Lipkowitz Assistant Head Of School | 40 | $141,036 | |
Christine Lenhart Head Of 10/12 Division | 40 | $125,263 | |
Taryn Bachis Athletics Director | 40 | $122,119 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Roofing Co Inc Roof Repairs And Maintenance | 6/29/21 | $5,984,797 |
Sage Dining Services Inc Cafeteria And Food Services | 6/29/21 | $731,173 |
Engie Services Us Inc Hvac Maintenance And Repairs | 6/29/21 | $475,871 |
Lee-sure Pools Inc Natatorium And Pool Repairs | 6/29/21 | $365,281 |
Colt Electric Inc Electrical Work And Repairs | 6/29/21 | $231,054 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $38,002 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,401,777 |
| Government grants | $3,315,768 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,566,220 |
| Noncash contributions included in lines 1a–1f | $1,688 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,321,767 |
| Total Program Service Revenue | $25,260,470 |
| Investment income | $1,962,189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $182,166 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $101,740 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,153,293 |
| 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. | $588,962 |
| Compensation of current officers, directors, key employees. | $257,641 |
| Compensation to disqualified persons | $21,250 |
| Other salaries and wages | $16,112,878 |
| Pension plan accruals and contributions | $801,019 |
| Other employee benefits | $3,266,694 |
| Payroll taxes | $1,170,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,659 |
| Fees for services: Accounting | $115,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $485,116 |
| Fees for services: Other | $996,829 |
| Advertising and promotion | $152,561 |
| Office expenses | $759,626 |
| Information technology | $648,054 |
| Royalties | $0 |
| Occupancy | $1,057,165 |
| Travel | $129,719 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $124,939 |
| Interest | $1,594,353 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,366,619 |
| Insurance | $396,472 |
| All other expenses | $0 |
| Total functional expenses | $32,192,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,110 |
| Savings and temporary cash investments | $6,421,467 |
| Pledges and grants receivable | $14,000 |
| Accounts receivable, net | $22,480,552 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,988 |
| Inventories for sale or use | $198,551 |
| Prepaid expenses and deferred charges | $262,850 |
| Net Land, buildings, and equipment | $30,089,839 |
| Investments—publicly traded securities | $30,901,746 |
| Investments—other securities | $24,038,542 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,359,466 |
| Total assets | $165,817,111 |
| Accounts payable and accrued expenses | $1,923,628 |
| Grants payable | $0 |
| Deferred revenue | $23,634,382 |
| Tax-exempt bond liabilities | $38,782,363 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,501,131 |
| Unsecured mortgages and notes payable | $2,000,000 |
| Other liabilities | $1,433,023 |
| Total liabilities | $71,274,527 |
| Net assets without donor restrictions | $39,883,475 |
| Net assets with donor restrictions | $54,659,109 |
| 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 | $165,817,111 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Albuquerque Academy Hcsr has recieved totaling $812,844.
| Awarding Organization | Amount |
|---|---|
Mckinnon Family Foundation New York, NY PURPOSE: EDUCATION | $600,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $85,500 |
Smith-Pierce Foundation For Youth And Education Albuquerque, NM PURPOSE: YOUTH AND EDUCATION | $50,000 |
Albuquerque Community Foundation Albuquerque, NM PURPOSE: DONOR-ADVISED | $22,539 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $21,367 |
Ecmc Foundation Minneapolis, MN PURPOSE: General Support | $10,000 |
Endowment Analysis
| Beg. Balance | $80,205,462 |
| Earnings | $23,614,780 |
| Admin Expense | $1,777,318 |
| Net Contributions | $176,279 |
| Other Expense | $966,829 |
| Ending Balance | $101,252,374 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Awty International School Houston, TX | $207,829,354 | $57,840,310 |
Colorado Springs Early Colleges Fort Collins, CO | $35,604,171 | $48,955,771 |
Albuquerque Academy Hcsr Albuquerque, NM | $165,817,111 | $34,153,293 |
Kent Denver Country Day School Englewood, CO | $152,128,736 | $28,714,995 |
Santa Fe Indian School Santa Fe, NM | $90,382,939 | $26,366,608 |
Santa Fe Preparatory School Santa Fe, NM | $79,113,849 | $36,111,805 |
Fountain Valley School Of Colorado Colorado Springs, CO | $92,362,981 | $24,818,046 |
Wasatch Academy Mt Pleasant, UT | $45,866,695 | $17,823,805 |
Marine Military Academy Inc Harlingen, TX | $47,303,872 | $14,319,783 |
South Texas Educational Technologies Inc Weslaco, TX | $17,267,724 | $15,758,985 |
Akibayavneh Academy Dallas, TX | $13,685,007 | $15,057,848 |
Navajo Preparatory School Inc Farmington, NM | $37,567,327 | $9,309,197 |