Caldwell Academy
- Assets
- $20.7m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 164
- Location
- Greensboro, NC
- Founding
- 06/1996
- Data as of
- 06/2022
- EIN
- 56-1898871
Organization Overview
Caldwell Academy is located in Greensboro, NC. The organization was established in 1996. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Caldwell Academy employed 164 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caldwell 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, Caldwell Academy generated $8.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $8.3m during the year ending 06/2022. 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
CALDWELL ACADEMY'S MISSION IS TO ASSIST PARENTS FROM A BIBLICAL PERSPECTIVE IN THE INSTRUCTION OF THEIR CHILDREN BY PROVIDING A CLASSICAL AND CHRISTIAN EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED A KINDERGARTEN THROUGH GRADE 12 CLASSICAL CHRISTIAN SCHOOL TO ASSIST PARENTS IN PROVIDING CHILDREN WITH THE TOOLS TO LEARN FOR THEMSELVES IN THE CONTEXT OF A BIBLICAL WORLDVIEW. THE KINDERGARTEN THROUGH 12TH GRADE OPERATIONS INCLUDE RELATED SCHOOL ACTIVITIES SUCH AS CLUBS, ARTS AND SPORTS. THE SCHOOL ENROLLED 561 STUDENTS IN SCHOOL YEAR 2021-2022. TOTAL GRANTS CONSIST OF FINANCIAL AID AND FACULTY DISCOUNTS ASSISTANCE TO INDIVIDUALS. 173 INDIVIDUAL STUDENTS RECEIVED FINANCIAL AID AND FACULTY DISCOUNTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holland Tim Head Of School | Officer | 40 | $154,072 |
Toth Dena Business Manager | Officer | 40 | $35,949 |
Newkirk Brad Treasurer | OfficerTrustee | 5 | $0 |
Lapeirre Mike Chair | OfficerTrustee | 5 | $0 |
Brown Heidi Board Member | OfficerTrustee | 1 | $0 |
Kornegay John Vice Chair | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Teague Freyaldenhoven Freyaldenhoven Arc Architecture And Construction Management | 6/29/18 | $145,764 |
Landmark Builders Commercial Construction | 6/29/18 | $4,368,224 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $642,905 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $669,905 |
| Total Program Service Revenue | $7,330,051 |
| Investment income | $65,249 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,138 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,756 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,088,099 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $942,851 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $226,453 |
| Compensation of current officers, directors, key employees. | $111,556 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,816,423 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $394,601 |
| Payroll taxes | $289,288 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,827 |
| Office expenses | $4,900 |
| Information technology | $105,994 |
| Royalties | $0 |
| Occupancy | $219,112 |
| Travel | $5,210 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $323,641 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $775,342 |
| Insurance | $71,115 |
| All other expenses | $431,422 |
| Total functional expenses | $8,255,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $376,856 |
| Savings and temporary cash investments | $2,678,332 |
| Pledges and grants receivable | $2,765 |
| Accounts receivable, net | $141,375 |
| 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 | $21,506 |
| Net Land, buildings, and equipment | $16,713,081 |
| Investments—publicly traded securities | $748,161 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $60,657 |
| Other assets | $0 |
| Total assets | $20,742,733 |
| Accounts payable and accrued expenses | $127,541 |
| Grants payable | $0 |
| Deferred revenue | $1,503,280 |
| 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 | $8,259,068 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $267,728 |
| Total liabilities | $10,157,617 |
| Net assets without donor restrictions | $9,836,447 |
| Net assets with donor restrictions | $748,669 |
| 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 | $20,742,733 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Caldwell Academy has recieved totaling $59,713.
| Awarding Organization | Amount |
|---|---|
George And Sarah Buchanan Foundation Greensboro, NC PURPOSE: SCHOLARSHIP FUNDING | $25,000 |
Tulsa Community Foundation Tulsa, OK PURPOSE: SCHOLARSHIP | $10,000 |
Acts 2035 Foundation Greensboro, NC PURPOSE: DONATION | $10,000 |
Community Foundation Of Greater Greensboro Inc Greensboro, NC PURPOSE: GENERAL SUPPORT | $7,643 |
Blue Bell Foundation Las Vegas, NV PURPOSE: GENERAL SUPPORT | $2,030 |
Lincoln Financial Foundation Inc Radnor, PA PURPOSE: MATCHING GIFT | $1,500 |
Endowment Analysis
| Beg. Balance | $909,087 |
| Earnings | -$134,042 |
| Net Contributions | $10,000 |
| Grants | $36,386 |
| Ending Balance | $748,659 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Langley School Inc Mclean, VA | $63,128,940 | $18,629,240 |
Wake County Smartstart Raleigh, NC | $3,415,796 | $19,658,248 |
Livingston Byrdstown Jamestown And Cookeville Development Corporation Cookeville, TN | $2,043,241 | $13,554,742 |
Columbia Academy School Columbia, TN | $17,513,853 | $13,288,512 |
Montessori School Of Raleigh Inc Raleigh, NC | $11,662,431 | $8,380,387 |
Smart Start Of Forsyth County Winston Salem, NC | $369,779 | $8,124,286 |
Caldwell Academy Greensboro, NC | $20,742,733 | $8,088,099 |
The Augusta Preparatory Day School Martinez, GA | $25,344,401 | $14,944,838 |
High Meadows School Inc Roswell, GA | $15,794,704 | $8,144,978 |
Niswonger Foundation Greeneville, TN | $22,434,674 | $9,108,493 |
Richmond Montessori School Inc Richmond, VA | $10,937,942 | $7,480,859 |
Clarksville Academy Clarksville, TN | $6,723,954 | $6,391,160 |