Southwestern Academy
- Assets
- $22.4m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 47
- Location
- San Marino, CA
- Founding
- 09/1963
- Data as of
- 08/2023
- EIN
- 95-2151023
Organization Overview
Southwestern Academy is located in San Marino, CA. The organization was established in 1963. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 08/2023, Southwestern Academy employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwestern Academy 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 08/2023, Southwestern Academy generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $4.0m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 7 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SOUTHWESTERN ACADEMY IS A COEDUCATIONAL COLLEGE PREPARATORY BOARDING/DAY SCHOOL, FOR GRADES 6 - 12, WITH TWO CAMPUSES - ONE IN SAN MARINO, CALIFORNIA, AND THE OTHER IN RIMROCK, ARIZONA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED COLLEGE PREPARATORY SCHOOL FOR 170 STUDENTS, IN GRADES 6 THROUGH 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Jarchow Ceo/head Of Sch | OfficerTrustee | 45 | $106,852 |
Steffanie Sparks Asst Treasurer | Officer | 45 | $78,196 |
Toby Hooper Trustee/secreta | OfficerTrustee | 45 | $37,656 |
Kenneth Veronda Deceased Headmaster/sec | OfficerTrustee | 45 | $7,650 |
Thomas Maimone Trustee/treasur | OfficerTrustee | 6 | $0 |
Fatos Radoniqi Trustee/vice Ch | OfficerTrustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $131,784 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,576 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,360 |
| Total Program Service Revenue | $3,038,154 |
| Investment income | $264,603 |
| 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 | $3,657,192 |
| 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. | $168,469 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,659,836 |
| Pension plan accruals and contributions | $48,643 |
| Other employee benefits | $179,257 |
| Payroll taxes | $147,265 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,470 |
| Fees for services: Accounting | $19,332 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,933 |
| Fees for services: Other | $331,901 |
| Advertising and promotion | $0 |
| Office expenses | $15,120 |
| Information technology | $40,582 |
| 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 | $73,086 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $252,290 |
| Insurance | $177,665 |
| All other expenses | $181,372 |
| Total functional expenses | $4,025,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $551,820 |
| 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 | $14,189,175 |
| Investments—publicly traded securities | $7,621,625 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,362,620 |
| Accounts payable and accrued expenses | $105,370 |
| Grants payable | $0 |
| Deferred revenue | $2,856,817 |
| 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 | $837,354 |
| Other liabilities | $19,307 |
| Total liabilities | $3,818,848 |
| Net assets without donor restrictions | $18,543,772 |
| 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 | $22,362,620 |