Augusta Heritage Academy Inc
- Assets
- $7.2m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 48
- Location
- Augusta, GA
- Founding
- 11/2000
- Data as of
- 06/2021
- EIN
- 31-1727988
Organization Overview
Augusta Heritage Academy Inc is located in Augusta, GA. The organization was established in 2000. 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 06/2021, Augusta Heritage Academy Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Augusta Heritage 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, Augusta Heritage Academy Inc generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.6% each year . All expenses for the organization totaled $2.5m during the year ending 06/2021. While expenses have increased by 14.3% 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
TO PROVIDE A QUALITY EDUCATION FOR STUDENTS FROM KINDERGARTEN THRU THE EIGHTH GRADE PRIMARILY FROM LOW INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A QUALITY EDUCATION TO KINDERGARTEN, PRIMARY, AND MIDDLE SCHOOL STUDENTS PRIMARILY FROM LOW INCOME FAMILIES. THERE WERE 234 STUDENTS ENROLLED IN THE 2020 -2021 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Linda M Tucciarone Executive Direc | OfficerTrustee | 40 | $76,992 |
Jan Hitchcock Principal | Officer | 40 | $72,708 |
Laurie Myers Treasurer | OfficerTrustee | 1 | $0 |
Bill Cleveland Vice Chairman | OfficerTrustee | 1 | $0 |
Eric Smith Chairman | OfficerTrustee | 3 | $0 |
Adam Hatcher Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $274,945 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,541,818 |
| Noncash contributions included in lines 1a–1f | $95,275 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,816,763 |
| Total Program Service Revenue | $340,133 |
| Investment income | $8,402 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $454 |
| Net Income from Fundraising Events | $52,839 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,218,591 |
| 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. | $149,950 |
| Compensation of current officers, directors, key employees. | $46,195 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,336,186 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,022 |
| Payroll taxes | $108,219 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,090 |
| Fees for services: Accounting | $3,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,370 |
| Fees for services: Other | $26,022 |
| Advertising and promotion | $0 |
| Office expenses | $906 |
| Information technology | $60,357 |
| Royalties | $0 |
| Occupancy | $131,030 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $145,157 |
| Insurance | $26,641 |
| All other expenses | $93,754 |
| Total functional expenses | $2,521,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120 |
| Savings and temporary cash investments | $1,423,901 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,740 |
| 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 | $29,402 |
| Net Land, buildings, and equipment | $3,081,101 |
| Investments—publicly traded securities | $273,374 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,415,130 |
| Total assets | $7,225,768 |
| Accounts payable and accrued expenses | $24,949 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $269,958 |
| Other liabilities | $13,599 |
| Total liabilities | $308,506 |
| Net assets without donor restrictions | $0 |
| 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 | $6,917,262 |
| Total liabilities and net assets/fund balances | $7,225,768 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Augusta Heritage Academy Inc has recieved totaling $317,491.
| Awarding Organization | Amount |
|---|---|
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $133,552 |
The Community Foundation For The Csra Augusta, GA PURPOSE: CHARITABLE PURPOSE | $71,975 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $40,380 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $22,925 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $20,500 |
Cullum Foundation Las Vegas, NV PURPOSE: GENERAL OPERATING | $10,000 |
Endowment Analysis
| Beg. Balance | $595,041 |
| Earnings | $12,659 |
| Admin Expense | $4,370 |
| Other Expense | $23,000 |
| Grants | $285,000 |
| Ending Balance | $295,330 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ashley Hall Foundation Charleston, SC | $53,552,404 | $18,962,378 |
Canterbury School Corporation Fort Myers, FL | $32,236,169 | $23,638,435 |
Heathwood Hall Episcopal School Columbia, SC | $39,181,921 | $20,445,816 |
Brookstone School Inc Columbus, GA | $71,035,506 | $24,481,396 |
Greenville Renewable Energy Education Charter School Greenville, SC | $26,163,515 | $17,750,984 |
Lincoln Charter School Inc Denver, NC | $10,014,512 | $18,722,799 |
The Masters Academy Of Central Florida Inc Oviedo, FL | $26,482,967 | $18,246,673 |
Savannah Christian Preparatory School Inc Savannah, GA | $28,769,990 | $18,697,901 |
Saint Edwards School Vero Beach, FL | $54,149,022 | $17,250,987 |
Capstone Education Group Inc Memphis, TN | $24,521,664 | $20,250,688 |
Strong Rock Christian School Inc Locust Grove, GA | $18,179,980 | $18,285,975 |
Fellowship Christian School Inc Roswell, GA | $48,536,188 | $18,034,878 |