Columbus Academy
- Assets
- $107.5m
- Revenue
- $39.1m
- Investments
- $3.4m
- Employees
- 492
- Location
- Gahanna, OH
- Founding
- 04/1938
- Data as of
- 06/2021
- EIN
- 31-4379445
Organization Overview
Columbus Academy is located in Gahanna, OH. The organization was established in 1938. 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, Columbus Academy employed 492 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbus 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 06/2021, Columbus Academy generated $39.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $40.0m during the year ending 06/2021. While expenses have increased by 5.4% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE PREPARATORY INSTRUCTION OF STUDENTS FROM 3 YEARS OLD THROUGH 12TH GRADE. TOTAL ENROLLMENT IS 1,168, OF WHICH 502 ARE MINORITIES. 292 STUDENTS RECEIVED TUITION ASSISTANCE BASED ON NEED.
SUMMER EXPERIENCE PROGRAMS (JUNE, JULY & AUGUST) SERVED 1,099 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Melissa Soderberg Head Of School | Officer | 40 | $500,761 |
Mrs Margaret Koerner Chief Financial Officer | Officer | 40 | $210,525 |
Mr Erich Hunker Asst Head Of School For Development/ext Relations | 40 | $193,086 | |
Mr Mark Hansen Lower School Head | 40 | $162,686 | |
Ms Corinna Izokaitis Upper School Head | 40 | $157,786 | |
Mr John Wuorinen Director Of Admin & Tuition Assistance | 40 | $150,473 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ohio Custodial Management Housekeeping | 6/29/22 | $517,085 |
Sage Dining Services Dining Services | 6/29/22 | $1,233,851 |
Ohio Equities Management Maintenance Services | 6/29/22 | $440,370 |
Ohio Support Services Security | 6/29/22 | $323,019 |
Cognitive Marketing Web Design/maintenance | 6/29/22 | $323,922 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,500 |
| Related organizations | $0 |
| Government grants | $2,055,607 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,968,162 |
| Noncash contributions included in lines 1a–1f | $244,995 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,039,269 |
| Total Program Service Revenue | $30,824,029 |
| Investment income | $1,465,952 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $84 |
| Net Rental Income | $42,195 |
| Net Gain/Loss on Asset Sales | $1,444,777 |
| Net Income from Fundraising Events | $1,244 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$7,088 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,084,449 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,695,795 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $686,081 |
| Compensation of current officers, directors, key employees. | $686,081 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,918,556 |
| Pension plan accruals and contributions | $1,069,885 |
| Other employee benefits | $3,794,913 |
| Payroll taxes | $1,235,261 |
| Fees for services: Management | $64,500 |
| Fees for services: Legal | $459,096 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $62,825 |
| Fees for services: Other | $381,808 |
| Advertising and promotion | $247,947 |
| Office expenses | $1,703,389 |
| Information technology | $598,722 |
| Royalties | $0 |
| Occupancy | $1,967,652 |
| Travel | $155,736 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $327,443 |
| Interest | $433,078 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,908,923 |
| Insurance | $52,009 |
| All other expenses | $123,821 |
| Total functional expenses | $39,960,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,451,767 |
| Savings and temporary cash investments | $6,190,844 |
| Pledges and grants receivable | $2,087,802 |
| Accounts receivable, net | $704,396 |
| Loans from Officers, Directors, or Controlling Persons | $100,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,145,077 |
| Net Land, buildings, and equipment | $44,261,540 |
| Investments—publicly traded securities | $47,224,625 |
| Investments—other securities | $3,351,323 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $107,517,374 |
| Accounts payable and accrued expenses | $5,243,661 |
| Grants payable | $0 |
| Deferred revenue | $4,243,305 |
| Tax-exempt bond liabilities | $15,973,914 |
| 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 | $0 |
| Other liabilities | $933,717 |
| Total liabilities | $26,394,597 |
| Net assets without donor restrictions | $36,789,077 |
| Net assets with donor restrictions | $44,333,700 |
| 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 | $107,517,374 |
Grants Recieved
Over the last fiscal year, we have identified 29 grants that Columbus Academy has recieved totaling $1,400,496.
| Awarding Organization | Amount |
|---|---|
Columbus Foundation Columbus, OH PURPOSE: EDUCATION | $877,636 |
Columbus Foundation Columbus, OH PURPOSE: EDUCATION | $147,662 |
The Wexner Family Charitable Fund New Albany, OH PURPOSE: TO DEVELOP THE ENTIRE INDIVIDUAL INTELLECTUALLY, SOCIALLY, ETHICALLY, ARTISTICALLY AND PHYSICALLY | $125,000 |
E F Wildermuth Foundation Ballwin, MO PURPOSE: GENERAL FUND | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $37,950 |
Margaret And Robert Walter Foundation Columbus, OH PURPOSE: EDUCATION | $25,000 |
Endowment Analysis
| Beg. Balance | $51,360,693 |
| Earnings | -$7,490,610 |
| Admin Expense | $67,413 |
| Net Contributions | $978,702 |
| Other Expense | $930,749 |
| Grants | $1,533,925 |
| Ending Balance | $42,316,698 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cranbrook Educational Community Bloomfield Hills, MI | $429,134,973 | $86,571,216 |
Collegium Charter School Exton, PA | $94,797,177 | $61,790,179 |
Episcopal Academy Newtown Square, PA | $290,673,894 | $56,548,486 |
Springside Chestnut Hill Academy Philadelphia, PA | $140,509,475 | $49,945,250 |
Pennsylvania Leadership Charter Schools West Chester, PA | $90,879,263 | $65,797,836 |
Hawken School Gates Mills, OH | $144,772,582 | $45,602,433 |
The Public School Of Germantown Fort Washington, PA | $151,608,543 | $52,601,237 |
William Penn Charter School Inc Philadelphia, PA | $232,730,859 | $59,443,641 |
Detroit Country Day School Beverly Hills, MI | $149,218,548 | $52,745,036 |
University School Shaker Heights, OH | $196,923,470 | $66,975,999 |
Shady Side Academy Pittsburgh, PA | $133,159,735 | $43,966,956 |
Columbus Academy Gahanna, OH | $107,517,374 | $39,084,449 |