Whitney Academy Inc
- Assets
- $11.6m
- Revenue
- $14.1m
- Investments
- $0.0
- Employees
- 248
- Location
- East Freetown, MA
- Founding
- 10/1995
- Data as of
- 06/2022
- EIN
- 04-2939430
Organization Overview
Whitney Academy Inc is located in East Freetown, MA. The organization was established in 1995. 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 06/2022, Whitney Academy Inc employed 248 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whitney 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 06/2022, Whitney Academy Inc generated $14.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $13.4m during the year ending 06/2022. While expenses have increased by 2.6% per year over the past 7 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
PROVIDE EDUCATION & TREATMENT FOR DEVELOPMENTALLY DISABLED & MENTALLY ILL INDIVIDUALS TO AGE 22
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACADEMY IS A PRIVATE RESIDENTIAL SCHOOL FOR STUDENTS AGES TEN TO TWENTY-TWO, WITH MILD/MODERATE MENTAL RETARDATION OR EMOTIONAL PROBLEMS. THE ACADEMY SERVED APPROXIMATELY 38 STUDENTS DURING 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Marques Pres/treas/ed | OfficerTrustee | 40 | $209,520 |
Elizabeth O'keefe Bus Mgr/clerk | OfficerTrustee | 40 | $142,975 |
Matthew Miranda Residential Director | 40 | $127,372 | |
Nicole Parent Program Director | 40 | $118,784 | |
Kevin Creeden Dir. Of Testing & Research | 40 | $114,158 | |
Benjamin Allen Director Of Admissions | 40 | $112,040 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jacqueline Lebel Comiskey Psychaitric Consulting Services | 6/29/21 | $282,963 |
Leonard Mulherin & Greene Pc Audit And Tax Services | 6/29/21 | $111,877 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,551,454 |
| 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 | $1,551,454 |
| Total Program Service Revenue | $12,125,600 |
| Investment income | $5,876 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,053,846 |
| 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. | $394,057 |
| Compensation of current officers, directors, key employees. | $394,057 |
| Compensation to disqualified persons | $8,633,222 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,316,345 |
| Payroll taxes | $925,571 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $92,057 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $290,331 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $481,251 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $203,165 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $314,742 |
| Insurance | $18,036 |
| All other expenses | $49,295 |
| Total functional expenses | $13,356,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,865 |
| Savings and temporary cash investments | $4,568,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,504,633 |
| 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 | $80,081 |
| Net Land, buildings, and equipment | $5,289,392 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,551,971 |
| Accounts payable and accrued expenses | $1,966,160 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $21,068 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,905,230 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $205,120 |
| Total liabilities | $5,097,578 |
| Net assets without donor restrictions | $6,454,393 |
| 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 | $11,551,971 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Whitney Academy Inc has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Bristol County Savings Charitable Foundation Inc Taunton, MA PURPOSE: EDUCATION | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rye Country Day School Rye, NY | $168,719,071 | $53,917,933 |
Trevor Day School New York, NY | $179,718,336 | $48,695,331 |
International College-Beirut Lebanon New York, NY | $209,567,353 | $51,574,911 |
Nightingale-Bamford School New York, NY | $159,201,980 | $40,384,072 |
Masters School Dobbs Ferry, NY | $186,890,779 | $50,762,923 |
Greens Farms Academy Inc Greens Farms, CT | $154,608,768 | $42,085,410 |
Anderson Center For Autism Staatsburg, NY | $50,895,038 | $39,808,177 |
King School Incorporated Stamford, CT | $114,064,346 | $37,308,932 |
Mount Prospect Academy Inc Plymouth, NH | $25,031,051 | $42,485,261 |
Winsor School Inc Boston, MA | $217,305,625 | $31,356,069 |
Charter School For Applied Technologies Buffalo, NY | $56,837,193 | $36,005,507 |
Friends Academy Locust Valley, NY | $106,966,643 | $33,637,084 |