Burlington School Inc
- Assets
- $8.1m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 116
- Location
- Burlington, NC
- Founding
- 06/1957
- Data as of
- 06/2023
- EIN
- 56-0612840
Organization Overview
Burlington School Inc is located in Burlington, NC. The organization was established in 1957. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Burlington School Inc employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Burlington School 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 06/2023, Burlington School Inc generated $5.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $4.0m during the year ending 06/2023. While expenses have increased by 2.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN ACADEMICALLY CHALLENGING EDUCATION TO COLLEGE-BOUND STUDENTS AND TO MAINTAIN A SMALL SCHOOL ENVIRONMENT WHERE EACH STUDENT CAN DEVELOP INDIVIDUALLY IN A CLIMATE OF RESPECT AND UNDERSTANDING
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A DAY SCHOOL, GRADES PRESCHOOL - 12
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronnie Wall Head Of Scho | 40 | $153,279 | |
Doug Hargrove Chair | OfficerTrustee | $0 | |
Logan Sharpe Vice-Chair | OfficerTrustee | $0 | |
Matt Wall Treasurer | OfficerTrustee | $0 | |
Janet Latham Secretary | OfficerTrustee | $0 | |
Jim Wooten Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,047 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,334,530 |
| Noncash contributions included in lines 1a–1f | $40,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,346,577 |
| Total Program Service Revenue | $3,990,866 |
| Investment income | $15,769 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $94,640 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,447,852 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,613,827 |
| Pension plan accruals and contributions | $35,010 |
| Other employee benefits | $148,401 |
| Payroll taxes | $185,684 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,829 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,530 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $68,589 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $51,605 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $175,061 |
| Insurance | $48,430 |
| All other expenses | $245,648 |
| Total functional expenses | $3,977,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,905,415 |
| Savings and temporary cash investments | $165,386 |
| Pledges and grants receivable | $1,105,112 |
| Accounts receivable, net | $18,988 |
| 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 | $73,532 |
| Net Land, buildings, and equipment | $3,706,753 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,156,251 |
| Total assets | $8,131,437 |
| Accounts payable and accrued expenses | $464,940 |
| Grants payable | $0 |
| Deferred revenue | $596,949 |
| Tax-exempt bond liabilities | $1,663,766 |
| 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 | $0 |
| Total liabilities | $2,725,655 |
| Net assets without donor restrictions | $3,255,844 |
| Net assets with donor restrictions | $2,149,938 |
| 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 | $8,131,437 |