Arendell Parrott Academy Inc
- Assets
- $16.9m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 194
- Location
- Kinston, NC
- Founding
- 11/1964
- Data as of
- 06/2022
- EIN
- 56-6065129
Organization Overview
Arendell Parrott Academy Inc is located in Kinston, NC. The organization was established in 1964. 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 06/2022, Arendell Parrott Academy Inc employed 194 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arendell Parrott Academy 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 06/2022, Arendell Parrott Academy Inc generated $8.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $8.9m 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
OPERATION OF AN ACCREDITED SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE SCHOOL PROVIDING COLLEGE PREPARATORY CURRICULUM FOR GRADES K-12 SERVING APPROXIMATELY 730 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brooks S Sutton Form. Head O | 40 | $156,000 | |
David Moody Head Of Scho | Officer | 40 | $128,658 |
Lynn Ferebee At-Large | Officer | 1 | $0 |
Trey Foy Vice-Preside | Officer | 1 | $0 |
Brent Lee President | Officer | 1 | $0 |
Marty Measamer Past Preside | Officer | 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 | $129,042 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $129,042 |
| Total Program Service Revenue | $8,468,602 |
| Investment income | $34,162 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $46,139 |
| Net Income from Fundraising Events | $116,208 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,794,153 |
| 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 | $5,002,702 |
| Pension plan accruals and contributions | $159,811 |
| Other employee benefits | $637,185 |
| Payroll taxes | $352,500 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,313 |
| Fees for services: Accounting | $33,720 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,947 |
| Office expenses | $0 |
| Information technology | $85,820 |
| Royalties | $0 |
| Occupancy | $189,756 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $492,390 |
| Insurance | $121,776 |
| All other expenses | $162,984 |
| Total functional expenses | $8,942,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,400 |
| Savings and temporary cash investments | $3,170,783 |
| Pledges and grants receivable | $18,494 |
| Accounts receivable, net | $69,400 |
| 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 | $249,765 |
| Net Land, buildings, and equipment | $9,781,457 |
| Investments—publicly traded securities | $3,597,416 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,896,715 |
| Accounts payable and accrued expenses | $877,619 |
| Grants payable | $0 |
| Deferred revenue | $290,747 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,168,366 |
| Net assets without donor restrictions | $13,169,011 |
| Net assets with donor restrictions | $2,559,338 |
| 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 | $16,896,715 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Arendell Parrott Academy Inc has recieved totaling $2,326.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,356 |
Blackwelder Family Foundation Greenville, NC PURPOSE: UNRESTRICTED PROGRAM USE | $970 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trinity School Inc Atlanta, GA | $133,203,671 | $25,058,941 |
Hammond School Columbia, SC | $54,753,815 | $20,190,119 |
Carolina Day School Inc Asheville, NC | $29,412,889 | $19,874,947 |
Republic Schools Nashville Nashville, TN | $31,048,580 | $24,002,902 |
Congressional School Inc Falls Church, VA | $21,870,095 | $18,184,082 |
Nansemond-Suffolk Academy Association Incorporated Suffolk, VA | $19,895,333 | $17,664,822 |
Summit School Inc Winstonsalem, NC | $46,496,346 | $18,682,492 |
North Cobb Christian School Inc Kennesaw, GA | $44,288,708 | $22,180,039 |
Christian Academy Of Knoxville Inc Knoxville, TN | $16,374,308 | $19,411,697 |
Cornerstone Academy Inc Morristown, TN | $83,376,022 | $25,507,605 |
Piedmont Community Charter School Gastonia, NC | $39,263,540 | $16,321,598 |
Franklin Academy Inc Wake Forest, NC | $23,533,490 | $17,154,874 |