Terra Nova Academy
- Assets
- $13.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 03/2016
- Data as of
- 12/2022
- EIN
- 47-5517256
Organization Overview
Terra Nova Academy is located in Birmingham, AL. The organization was established in 2016. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Terra Nova 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 12/2022, Terra Nova Academy generated $147.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $165.9k during the year ending 12/2022. While expenses have increased by 12.4% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TERRA NOVA ACADEMY - OFFERING OF HIGH QUALIFTY EDUCATION FOR 120 CHILDREN FROM PRE-SCHOOL THROUGH THIRD GRADE, FOR FAMILES THAT APPLY, INTERVIEW, AND COMMIT TO SUPPORTING THE CHILD'S EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Hoaglund Director | 1 | $0 | |
Amanda Degreen Director | 2.5 | $0 | |
Christian Hanna Director | 1 | $0 | |
Allison Hawley Director | 1 | $0 | |
Abdul Damron-Seruyange Co-Executive Director | 40 | $27,438 | |
Alisha Damron-Seruyange Co-Executive Director | 40 | $27,437 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,160 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $147,160 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $55,391 |
| Professional fees and other payments to independent contractors | $5,910 |
| Occupancy, rent, utilities, and maintenance | $25,200 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $79,428 |
| Total expenses | $165,929 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,469 |
| Other assets | $0 |
| Total assets | $13,469 |
| Total liabilities | $0 |
| Net assets or fund balances | $13,469 |