Fredericksburg Academy
- Assets
- $16.5m
- Revenue
- $10.2m
- Investments
- $20.7k
- Employees
- 176
- Location
- Fredericksburg, VA
- Founding
- 01/1992
- Data as of
- 06/2022
- EIN
- 54-1568499
Organization Overview
Fredericksburg Academy is located in Fredericksburg, VA. The organization was established in 1992. 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, Fredericksburg Academy employed 176 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fredericksburg 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, Fredericksburg Academy generated $10.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $9.9m during the year ending 06/2022. While expenses have increased by 2.3% 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
WE INSPIRE AND EMPOWER OUR STUDENTS TO DISCOVER, TO ENGAGE, AND TO IMAGINE THE LIMITLESS NATURE OF THEMSELVES AND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL HAS THREE DIVISIONS: LOWER SCHOOL, WHICH INCLUDES THE EARLY CHILDHOOD PROGRAM THROUGH FIFTH GRADE; MIDDLE SCHOOL, GRADES SIX THROUGH EIGHT; UPPER SCHOOL, GRADES NINE THROUGH TWELVE. LOWER SCHOOL ACCOMPLISHMENTS INCLUDE CROSS-GRADE-LEVEL CONNECTIONS AND MENTORSHIP OPPORTUNITIES, FOREIGN LANGUAGE INSTRUCTION FOR ALL STUDENTS, CHARACTER EDUCATION, MULTIPLE OPPORTUNITIES TO SPEAK PUBLICLY AND PERFORM ON STAGE, THE INTRODUCTION OF A DIGITAL PORTFOLIO, AN IPAD PROGRAM, ANDEXTRACURRICULAR OPPORTUNITIES SUCH AS JUNIOR MASTER GARDENERS, INTERNATIONAL CLUB, AND RUNNING CLUB. MIDDLE SCHOOL ACCOMPLISHMENTS INCLUDE MULTIPLE OPPORTUNITIES FOR ELECTED STUDENT LEADERSHIP, A HANDS-ON FOCUS ON SUSTAINABILITY IN SCIENCE CURRICULUM, EMPHASIS ON SERVICE AND GLOBAL CITIZENSHIP ACROSS THE CURRICULUM, THE GLOBAL EXPLORERS PROGRAM, MEANINGFUL OFF-CAMPUS EXPERIENCES, INTERSCHOLASTIC ATHLETICS, A THRIVING FINE ARTS PROGRAM, AND A FACULTY ADVISORY PROGRAM. UPPER SCHOOL ACCOMPLISHMENTS INCLUDE THE 1:1 LAPTOP PROGRAM AND INTEGRATION OF INSTRUCTIONAL TECHNOLOGY ACROSS THE CURRICULUM, THE SENIOR EXHIBIT INDEPENDENT- STUDY EXPERIENCE, INDIVIDUALIZED COLLEGE COUNSELING, A FACULTY ADVISORY PROGRAM, THRIVING PROGRAMS IN THE ARTS AND SCHOLASTIC JOURNALISM, INTERSCHOLASTIC ATHLETICS, EMPHASIS ON EFFECTIVE WRITTEN AND ORAL COMMUNICATION, AND AUTHENTIC LEADERSHIP BY THE STUDENT GOVERNMENT, HONOR COUNCIL, AND DISCIPLINE COMMITTEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Moschetto Ex-Officio (head Of School | OfficerTrustee | 45 | $167,782 |
Joshua Cooper Treasurer | OfficerTrustee | 1 | $0 |
Nicole Jinier V-P | OfficerTrustee | 1 | $0 |
Joseph Amberger President | OfficerTrustee | 3 | $0 |
Thomas Wack Trustee | OfficerTrustee | 1 | $0 |
Diane Kolodgie Secretary | OfficerTrustee | 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 | $518,034 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $518,034 |
| Total Program Service Revenue | $9,416,761 |
| Investment income | $908 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,533 |
| Net Gain/Loss on Asset Sales | -$10,774 |
| Net Income from Fundraising Events | $143,621 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,152,012 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,225,172 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $4,227,302 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $124,466 |
| Other employee benefits | $429,582 |
| Payroll taxes | $301,865 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $104,437 |
| Advertising and promotion | $53,434 |
| Office expenses | $12,173 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $579,895 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $451,971 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $474,714 |
| Insurance | $46,353 |
| All other expenses | $151,515 |
| Total functional expenses | $9,934,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,800,736 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $85,722 |
| Accounts receivable, net | $92,341 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,647 |
| Prepaid expenses and deferred charges | $92,734 |
| Net Land, buildings, and equipment | $12,449,209 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $20,701 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,548,090 |
| Accounts payable and accrued expenses | $182,207 |
| Grants payable | $0 |
| Deferred revenue | $2,497,891 |
| 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 | $6,991,215 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,671,313 |
| Net assets without donor restrictions | $6,259,447 |
| Net assets with donor restrictions | $617,330 |
| 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 | $16,548,090 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Fredericksburg Academy has recieved totaling $124,676.
| Awarding Organization | Amount |
|---|---|
Jobs For Virginia Graduates Inc Rockville, VA PURPOSE: TO PROVIDE THE SCHOOL SYSTEM WITH FUNDS TO CREATE AND OPERATE PROGRAMS PROVIDING JOB TRAINING FOR AT RISK STUDENTS. | $50,000 |
Community Foundation Of The Rappahannock River Region Inc Fredericksburg, VA PURPOSE: SCHOLARSHIPS | $40,330 |
Community Foundation Of The Rappahannock River Region Inc Fredericksburg, VA PURPOSE: ANNUAL FUND | $32,750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $796 |
Charles M Caravati Foundation Fund Manakinsabot, VA PURPOSE: DONATION | $500 |
William Freehling Family Foundation 03012005 Fredericksburg, VA PURPOSE: SUPPORT EDUCATION TO INSPIRE AND EMPOWER STUDENTS TO DISCOVER, ENGAGE, AND IMAGINE | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Louisville Collegiate School Louisville, KY | $44,243,091 | $19,424,992 |
Milton Gottesman Jewish Day School Of The Nations Capital Washington, DC | $47,850,998 | $22,230,618 |
Lincoln Charter School Inc Denver, NC | $10,014,512 | $18,722,799 |
Kentucky Country Day School Inc Louisville, KY | $45,327,857 | $17,940,550 |
Imagine Schools Inc Vienna, VA | $112,554,052 | $31,881,932 |
Capstone Education Group Inc Memphis, TN | $24,521,664 | $20,250,688 |
Meridian Public Charter School Washington, DC | $25,835,715 | $17,496,957 |
St Paul's School For Girls Inc Brooklandville, MD | $0 | $15,914,099 |
Sayre School Lexington, KY | $37,948,520 | $16,925,718 |
St Johns Community Services - District Of Columbia Washington, DC | $113,804 | $20,352,755 |
Lexington Christian Academy Inc Lexington, KY | $37,177,484 | $18,280,442 |
Saint James School Inc Hagerstown, MD | $77,226,869 | $20,561,499 |