Prince William Academy Inc
- Assets
- $918.0k
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 47
- Location
- Woodbridge, VA
- Founding
- 05/2008
- Data as of
- 06/2022
- EIN
- 20-1384709
Organization Overview
Prince William Academy Inc, operating under the name Prince William Academy, is located in Woodbridge, VA. The organization was established in 2008. 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 06/2022, Prince William Academy employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prince William 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 06/2022, Prince William Academy generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. While expenses have increased by 6.5% 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
THE ACADEMY IS AN ACCREDITED SECULAR EDUCATIONAL INSTITUTION PROVIDING CHALLENGING AND AGE-APPROPRIATE PROGRMAS FOR CHILDREN FROM AGE 6 WEEKS TO 8TH GRADE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRINCE WILLIAM ACADEMY PWA IS A SECULAR EDUCATIONAL INSTITUTION WHERE EACH CHILD CAN FULFILL HIS OR HER ACADEMIC, DEVELOPMENTAL AND PERSONAL POTENTIAL. PWA HONORS THE INTEGRITY AND WORTH OF EACH INDIVIDUAL IN A HIGHLY DIVERSE AND MULTICULTURAL SCHOOL COMMUNITY. WE ARE DEDICATED TO PROMOTING AN EDUCATIONAL AWARENESS OF THE COMPETENCY AND RICHNESS OF OTHER NATIONS AND CULTURES, AS WELL AS OUR OWN.
PWA TEACHERS AND STAFF CHALLENGE THE CREATIVE AND INTELLECTUAL ABILITIES OF OUR STUDENTS AND INSTILL IN THEM A DESIRE TO GROW INTO GOOD, RESPONSIBLE CITIZENS, BOTH OF OUR COUNTRY AND OF THE WORLD. WE PREPARE OUR STUDENTS TO EXCEL IN A GLOBAL ENVIRONMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roshni Mathur Officer | OfficerTrustee | 1 | $0 |
Eric Cryan Officer | OfficerTrustee | 1 | $0 |
Rebecca Nykwest President | OfficerTrustee | 1 | $0 |
Dr Shiree Slade Officer | OfficerTrustee | 1 | $0 |
Dr Samia Harris VP And Treasurer | OfficerTrustee | 40 | $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 | $131,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,500 |
| Total Program Service Revenue | $2,751,597 |
| Investment income | $0 |
| 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 | $2,883,097 |
| 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. | $132,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,283,349 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,509 |
| Payroll taxes | $143,998 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $811 |
| Fees for services: Accounting | $9,049 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $172,039 |
| Office expenses | $12,223 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $456,604 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,426 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,675 |
| Insurance | $33,912 |
| All other expenses | $1,705 |
| Total functional expenses | $2,479,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $481,046 |
| 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 | $302,050 |
| Net Land, buildings, and equipment | $133,131 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,750 |
| Other assets | $0 |
| Total assets | $917,977 |
| Accounts payable and accrued expenses | -$12,186 |
| 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 | $149,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $137,714 |
| Net assets without donor restrictions | $780,263 |
| 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 | $917,977 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Prince William Academy Inc has recieved totaling $9,963.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: PROGRAMS | $9,963 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
The Foundation Schools Largo, MD | $16,377,358 | $19,826,112 |
Carolina Day School Inc Asheville, NC | $29,412,889 | $19,874,947 |
Annapolis Area Christian School Association Inc Severn, MD | $29,091,894 | $17,563,578 |
Norwood School Inc Bethesda, MD | $57,964,554 | $24,196,645 |
Republic Schools Nashville Nashville, TN | $31,048,580 | $24,002,902 |
Congressional School Inc Falls Church, VA | $21,870,095 | $18,184,082 |
Nansemond-Suffolk Academy Association Incorporated Suffolk, VA | $19,895,333 | $17,664,822 |
Summit School Inc Winstonsalem, NC | $46,496,346 | $18,682,492 |
Christian Academy Of Knoxville Inc Knoxville, TN | $16,374,308 | $19,411,697 |
Cornerstone Academy Inc Morristown, TN | $83,376,022 | $25,507,605 |
Lowell School Inc Washington, DC | $42,214,480 | $16,545,938 |