Doane Academy
- Assets
- $38.8m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 129
- Location
- Burlington, NJ
- Founding
- 03/1942
- Data as of
- 06/2023
- EIN
- 21-0634575
Organization Overview
Doane Academy is located in Burlington, NJ. The organization was established in 1942. 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 06/2023, Doane Academy employed 129 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Doane 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 06/2023, Doane Academy generated $7.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $8.7m during the year ending 06/2023. While expenses have increased by 5.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOANE ACADEMY, AN INDEPENDENT EPISCOPAL DAY SCHOOL, AGE 3 THROUGH 12TH GRADE, PROVIDES AN EXCEPTIONAL COLLEGE PREPARATORY PROGRAM WHILE CULTIVATING CHARACTER DEVELOPMENT AND NURTURING THE EMOTIONAL MATURITY ESSENTIAL IN PREPARING STUDENTS FOR LIFE. WE DEVELOP INTELLIGENT, CAPABLE INDIVIDUALS WITHIN A COMMUNITY WHERE ALL ARE KNOWN, LOVED AND STRONGLY ENCOURAGED TO DISCOVER THEIR UNIQUE POTENTIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Sanderson Head Of School 22/23 | 40 | $281,688 | |
Heather Buzick Vice President | OfficerTrustee | 2 | $0 |
Kelly Dun Trustee | Trustee | 1 | $0 |
Lloyd Freeman Trustee | Trustee | 1 | $0 |
Alita Wingfield Trustee | Trustee | 1 | $0 |
Adam Potkay Trustee | Trustee | 1 | $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 | $2,961,318 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,961,318 |
| Total Program Service Revenue | $3,325,987 |
| Investment income | $797,127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,763 |
| Net Gain/Loss on Asset Sales | $110,082 |
| Net Income from Fundraising Events | $25,813 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,240,090 |
| 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. | $281,688 |
| Compensation of current officers, directors, key employees. | $281,688 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,243,182 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $533,360 |
| Payroll taxes | $378,280 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,528 |
| Fees for services: Accounting | $22,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $62,811 |
| Information technology | $103,146 |
| Royalties | $0 |
| Occupancy | $186,624 |
| Travel | $6,543 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $169,780 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $533,708 |
| Insurance | $67,160 |
| All other expenses | $1,160,052 |
| Total functional expenses | $8,681,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $580,874 |
| Savings and temporary cash investments | $42,867 |
| Pledges and grants receivable | $248,759 |
| Accounts receivable, net | $332,974 |
| 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 | $26,281 |
| Net Land, buildings, and equipment | $9,271,077 |
| Investments—publicly traded securities | $28,328,446 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,831,278 |
| Accounts payable and accrued expenses | $230,143 |
| Grants payable | $0 |
| Deferred revenue | $133,656 |
| 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 | $4,953,842 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,317,641 |
| Net assets without donor restrictions | $16,476,508 |
| Net assets with donor restrictions | $17,037,129 |
| 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 | $38,831,278 |