Massanutten Academy
- Assets
- $9.0m
- Revenue
- $7.4m
- Investments
- $943.2k
- Employees
- 77
- Location
- Woodstock, VA
- Founding
- 01/1934
- Data as of
- 06/2022
- EIN
- 54-0537403
Organization Overview
Massanutten Academy is located in Woodstock, VA. The organization was established in 1934. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Massanutten Academy employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massanutten 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 06/2022, Massanutten Academy generated $7.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $5.7m during the year ending 06/2022. While expenses have increased by 0.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE EACH CADET WITH AN ACADEMIC, CHARACTER, LEADERSHIP AND PHYSICAL EDUCATION OF EXCELLENCE, WHICH ENSURES HIS/HER DEVELOPMENT AND READINESS FOR COLLEGE, LEADERSHIP, AND CITIZENSHIP. OUR MISSION IS IMPLEMENTED WITH DISCIPLINE, FOSTERED WITH STRUCTURE AND A FIRM, FAIR, CONSISTENT AND SUPPORTIVE ENVIRONMENT. OUR MISSION IS ESTABLISHED ON THE FOUNDING MOTTO OF THE ACADEMY, "NON NOBIS SOLUM" (NOT FOR OURSELVES ALONE"), AND BASED ON THE PRINCIPLES OF COURAGE, PURITY, AND INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION AND BOARDING FOR GRADES 6 THROUGH 12 AND POST GRADUATE FOR APPROXIMATELY 150 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lester Layman Jrotc Staff | 40 | $140,662 | |
Kimberly Elshafie Head Of School | OfficerTrustee | 40 | $97,245 |
Bill Magruder Chairman | OfficerTrustee | 1 | $0 |
Val Mathews Secretary | OfficerTrustee | 1 | $0 |
Ronald Souders Treasurer | OfficerTrustee | 1 | $0 |
Robert Miller Vice Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hanover Uniform Co Uniforms | 6/29/21 | $108,359 |
Sysco Virginia Llc Food Services | 6/29/21 | $169,814 |
Riddleberger Brothers Inc Repairs And Renovations | 6/29/21 | $192,928 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,505,273 |
| All other contributions, gifts, grants, and similar amounts not included above | $108,637 |
| Noncash contributions included in lines 1a–1f | $7,718 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,613,910 |
| Total Program Service Revenue | $5,101,188 |
| Investment income | $8,819 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,797 |
| Net Gain/Loss on Asset Sales | $473,653 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,296 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,381,990 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $607,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $260,962 |
| Compensation of current officers, directors, key employees. | $260,962 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,011,383 |
| Pension plan accruals and contributions | $58,792 |
| Other employee benefits | $144,071 |
| Payroll taxes | $181,664 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,075 |
| Fees for services: Accounting | $84,188 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,497 |
| Advertising and promotion | $118,676 |
| Office expenses | $71,103 |
| Information technology | $127,964 |
| Royalties | $0 |
| Occupancy | $216,523 |
| Travel | $42,264 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,207 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $431,496 |
| Insurance | $113,915 |
| All other expenses | $348,494 |
| Total functional expenses | $5,683,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $1,245,956 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,193,588 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $204,719 |
| Prepaid expenses and deferred charges | $77,419 |
| Net Land, buildings, and equipment | $4,061,758 |
| Investments—publicly traded securities | $2,649 |
| Investments—other securities | $943,231 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,309,383 |
| Total assets | $9,039,703 |
| Accounts payable and accrued expenses | $614,724 |
| Grants payable | $0 |
| Deferred revenue | $1,309,066 |
| 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 | $149,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,073,690 |
| Net assets without donor restrictions | $3,685,887 |
| Net assets with donor restrictions | $3,280,126 |
| 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 | $9,039,703 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Massanutten Academy has recieved totaling $274.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $274 |
Endowment Analysis
| Beg. Balance | $1,929,206 |
| Earnings | -$17,338 |
| Admin Expense | $121,343 |
| Ending Balance | $1,790,525 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christ School Inc Arden, NC | $45,623,697 | $22,399,762 |
Field School Inc Washington, DC | $76,281,193 | $21,035,391 |
Lexington School Inc Lexington, KY | $82,981,335 | $20,273,926 |
The Seed School Of Maryland Inc Baltimore, MD | $46,101,801 | $18,646,195 |
Foxcroft School Middleburg, VA | $142,226,453 | $10,560,576 |
St Davids School Raleigh, NC | $32,628,531 | $17,520,873 |
Linsly School Incorporated Wheeling, WV | $48,098,120 | $15,151,725 |
Randolph Macon Academy Front Royal, VA | $36,335,018 | $14,186,434 |
Webb School Bell Buckle, TN | $70,401,090 | $18,551,010 |
Chatham Hall Chatham, VA | $93,224,098 | $20,472,226 |
American Hebrew Academy Inc Greensboro, NC | $66,328,577 | $16,098,225 |
Edmund Burke School Washington, DC | $35,809,066 | $16,691,149 |