Academy For Classical Education Inc
- Assets
- $51.8m
- Revenue
- $23.5m
- Investments
- $2.4m
- Employees
- 247
- Location
- Macon, GA
- Founding
- 07/2014
- Data as of
- 06/2022
- EIN
- 46-3722435
Organization Overview
Academy For Classical Education Inc is located in Macon, GA. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2022, Academy For Classical Education Inc employed 247 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy For Classical Education 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, Academy For Classical Education Inc generated $23.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $20.7m during the year ending 06/2022. While expenses have increased by 4.6% per year over the past 4 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
ACADEMY FOR CLASSICAL EDUCATION IS A PUBLIC CHARTER SCHOOL SERVING GRADES K-12 IN MACON, GEORGIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FACILITIES, TEACHERS, INSTRUCTIONAL SERVICES AND MATERIALS FOR STUDENTS ENROLLED IN A PUBLIC CHARTER SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Perkins Complex Prin | Officer | 40 | $104,616 |
Esterine Stokes Dean Of Acad | Officer | 40 | $103,738 |
Pat Kelly Chief Financ | Officer | 40 | $101,117 |
Ember Bentley Director | Trustee | $0 | |
Witt Gaither Board Chairp | Trustee | $0 | |
Lee Gillis Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,340,916 |
| All other contributions, gifts, grants, and similar amounts not included above | $68,328 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,409,244 |
| Total Program Service Revenue | $1,118,092 |
| Investment income | $291 |
| 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 | $23,527,627 |
| 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. | $309,471 |
| Compensation of current officers, directors, key employees. | $309,471 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,225,711 |
| Pension plan accruals and contributions | $1,772,177 |
| Other employee benefits | $1,685,558 |
| Payroll taxes | $166,119 |
| Fees for services: Management | $65,134 |
| Fees for services: Legal | $54,150 |
| Fees for services: Accounting | $20,306 |
| 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 | $175,332 |
| Information technology | $438,249 |
| Royalties | $0 |
| Occupancy | $1,353,991 |
| Travel | $69,663 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,014,850 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $101,200 |
| All other expenses | $242,531 |
| Total functional expenses | $20,732,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,293,473 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,255,837 |
| 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 | $130,779 |
| Net Land, buildings, and equipment | $30,036,397 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,440,333 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,688,187 |
| Total assets | $51,845,006 |
| Accounts payable and accrued expenses | $2,127,105 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $33,685,778 |
| 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 | $25,442,458 |
| Total liabilities | $61,255,341 |
| 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 | -$1,721,520 |
| Retained earnings, endowment, accumulated income, or other funds | -$7,688,815 |
| Total liabilities and net assets/fund balances | $51,845,006 |