Cape Cod Academy Inc
- Assets
- $13.2m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 87
- Location
- Osterville, MA
- Founding
- 06/1977
- Data as of
- 06/2021
- EIN
- 04-2592472
Organization Overview
Cape Cod Academy Inc is located in Osterville, MA. The organization was established in 1977. 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 06/2021, Cape Cod Academy Inc employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cape Cod 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, Cape Cod Academy Inc generated $10.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $10.5m during the year ending 06/2021. While expenses have increased by 2.0% per year over the past 6 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
CAPE COD ACADEMY, INC. ("THE ACADEMY") FOSTERS A LIFE-LONG DRIVE TO LEARN AND GROW AND MAKE A DIFFERENCE IN THE WORLD. THE ACADEMY TEACHES STUDENTS HABITS OF HEART AND MIND THAT PREPARE THEM TO BE SUCCESSFUL IN COLLEGE, HEALTY IN LIFE, AND CONTRIBUTORS TO SOCIETY - BOTH LOCALLY AND GLOBALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACADEMY NURTURES STUDENTS' INDIVIDUAL TALENTS AND CURIOSITIES AND OFFERS MULTIPLE OPPORTUNITIES FOR SELF-DIRECTED STUDY, SERVICE, AND LEADERSHIP. THE ACADEMY OFFERS A FULL KINDERGARTEN THROUGH 12 EDUCATION WITH A FOCUS ON EARLY CHILDHOOD DEVELOPMENT, ART AND MUSIC, AP CLASSES, SERVICE & ENTREPRENEURSHIP AND MORE. THE INTEGRATED CURRICULUM THROUGHOUT CAPE COD ACADEMY'S LOWER, MIDDLE AND UPPER SCHOOLS ALLOWS OUR STUDENTS TO STRETCH THEIR POTENTIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Thompson Headmaster | Officer | 40 | $303,134 |
James T Hoeck Treasurer | OfficerTrustee | 5 | $0 |
Robert C Pemberton Vice Chair | OfficerTrustee | 5 | $0 |
Joel Crowell Chair | OfficerTrustee | 5 | $0 |
Chris Wray Trustee | Trustee | 2 | $0 |
Holly Hoyt Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hutker Architects Inc Architects | 6/29/15 | $165,193 |
Unified Networking Solutions It Consultants | 6/29/15 | $110,422 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $183,651 |
| Related organizations | $0 |
| Government grants | $773,912 |
| All other contributions, gifts, grants, and similar amounts not included above | $330,310 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,287,873 |
| Total Program Service Revenue | $9,044,820 |
| Investment income | $3,053 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $59,741 |
| Net Gain/Loss on Asset Sales | -$83 |
| Net Income from Fundraising Events | -$47,463 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,612,014 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,617,521 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $312,687 |
| Compensation of current officers, directors, key employees. | $27,652 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,663,739 |
| Pension plan accruals and contributions | $73,551 |
| Other employee benefits | $1,096,556 |
| Payroll taxes | $264,330 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,706 |
| Fees for services: Accounting | $26,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $342,170 |
| Advertising and promotion | $70,148 |
| Office expenses | $13,431 |
| Information technology | $37,595 |
| Royalties | $0 |
| Occupancy | $139,030 |
| Travel | $976 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $217,766 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $555,250 |
| Insurance | $144,760 |
| All other expenses | $0 |
| Total functional expenses | $10,494,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,178,158 |
| Savings and temporary cash investments | $204,422 |
| Pledges and grants receivable | $18,095 |
| Accounts receivable, net | $20,566 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $200 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $59,984 |
| Net Land, buildings, and equipment | $11,535,109 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $225,963 |
| Total assets | $13,242,497 |
| Accounts payable and accrued expenses | $538,100 |
| Grants payable | $0 |
| Deferred revenue | $1,679,392 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $8,650,000 |
| Secured mortgages and notes payable | $340,136 |
| Unsecured mortgages and notes payable | $767,198 |
| Other liabilities | $0 |
| Total liabilities | $11,974,826 |
| Net assets without donor restrictions | $1,085,765 |
| Net assets with donor restrictions | $181,906 |
| 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 | $13,242,497 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Cape Cod Academy Inc has recieved totaling $74,140.
| Awarding Organization | Amount |
|---|---|
Pemberton Family Foundation Inc Osterville, MA PURPOSE: GENERAL | $25,000 |
John R Mccune Char Trust No 9721 Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $18,600 |
Cape Cod Foundation Inc South Yarmouth, MA PURPOSE: COVID RELATED | $10,000 |
Donald C Mcgraw Foundation Inc Delray Beach, FL PURPOSE: GENERAL SUPPORT | $10,000 |
Virginia Wellington Cabot Fndtn Tr Ua 121692 Thomas D Cabot Donor Boston, MA PURPOSE: EXEMPT PURPOSE | $5,000 |
Page Foundation Cleveland, OH PURPOSE: TO PROMOTE EDUCATION FOR PRE-KINDERGARTEN THROUGH TWELFTH GRADE STUDENTS. | $5,000 |
Endowment Analysis
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