Beacon Academy
- Assets
- $1.2m
- Revenue
- $566.5k
- Investments
- $0.0
- Employees
- 12
- Location
- Collegedale, TN
- Founding
- 05/2016
- Data as of
- 06/2021
- EIN
- 47-4356163
Organization Overview
Beacon Academy is located in Collegedale, TN. The organization was established in 2016. 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, Beacon Academy employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beacon 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, Beacon Academy generated $566.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 62.1% each year . All expenses for the organization totaled $385.8k during the year ending 06/2021. While expenses have increased by 57.5% per year over the past 5 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
BEACON ACADEMY IS A NON-PROFIT PRE-K TO 12TH GRADE SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEACON ACADEMY PROVIDES EDUCATIONAL SERVICES TO 45 STUDENTS FROM GRADES PRE-K THROUGH 12TH GRADE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brigett Pangkey President | OfficerTrustee | 60 | $34,014 |
Tiffany Britt Treasurer | OfficerTrustee | 60 | $30,444 |
Jeanett Singh Director | Trustee | 1 | $0 |
Stefanie Mcelroy Director | Trustee | 1 | $0 |
Diane Kroll Director | 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 | $294,598 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $294,598 |
| Total Program Service Revenue | $271,910 |
| Investment income | $17 |
| 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 | $566,525 |
| 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. | $64,458 |
| Compensation of current officers, directors, key employees. | $12,892 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,812 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,540 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,601 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $250 |
| Advertising and promotion | $0 |
| Office expenses | $1,445 |
| Information technology | $2,898 |
| Royalties | $0 |
| Occupancy | $5,792 |
| Travel | $3,887 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,943 |
| Interest | $17,630 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,385 |
| Insurance | $11,211 |
| All other expenses | $3,832 |
| Total functional expenses | $385,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,851 |
| Savings and temporary cash investments | $9,368 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,478 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,053,563 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,773 |
| Other assets | $0 |
| Total assets | $1,223,033 |
| Accounts payable and accrued expenses | $84,239 |
| 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 | $20,000 |
| Secured mortgages and notes payable | $305,719 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $409,958 |
| Net assets without donor restrictions | $813,075 |
| 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 | $1,223,033 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Beacon Academy has recieved totaling $10,325.
| Awarding Organization | Amount |
|---|---|
Christian Community Foundation Inc Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $325 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Principia Corporation St Louis, MO | $1,121,774,918 | $256,921,200 |
Woodward Academy Inc College Park, GA | $297,987,009 | $85,209,091 |
Westminster Schools Inc Atlanta, GA | $596,739,021 | $99,709,851 |
Imagine Schools Non-Profit Inc Vienna, VA | $161,309,849 | $62,482,447 |
Lovett School Atlanta, GA | $255,570,564 | $63,708,553 |
The East Coast Migrant Head Start Project Raleigh, NC | $15,412,919 | $60,635,891 |
Charlotte Country Day School Charlotte, NC | $226,176,676 | $57,558,870 |
Collegiate School Richmond, VA | $158,195,585 | $59,848,503 |
Mccallie School Inc Chattanooga, TN | $251,954,499 | $79,356,942 |
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |