Woodward Academy Inc
- Assets
- $298.0m
- Revenue
- $85.2m
- Investments
- $7.7m
- Employees
- 939
- Location
- College Park, GA
- Founding
- 08/1933
- Data as of
- 05/2020
- EIN
- 58-0625584
Organization Overview
Woodward Academy Inc is located in College Park, GA. The organization was established in 1933. 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 05/2022, Woodward Academy Inc employed 939 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodward 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 05/2020, Woodward Academy Inc generated $85.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $85.2m during the year ending 05/2020. While expenses have increased by 2.2% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
WOODWARD ACADEMY PROVIDES COLLEGE PREPARATORY EDUCATION FOR STUDENTS IN PRE-K THROUGH GRADE 12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED COLLEGE PREPARATORY EDUCATION FOR APPROXIMATELY 2,500 STUDENTS IN PRE-K THROUGH GRADE 12 AT ONE OF THE LARGEST INDEPENDENT SCHOOLS IN THE CONTINENTAL UNITED STATES. WOODWARD CREATES OPPORTUNITIES FOR EACH CHILD TO THRIVE AND IS THE MOST DIVERSE INDEPENDENT SCHOOL IN ATLANTA. STUDENTS LEARN ORGANICALLY FROM EXPOSURE TO PERSPECTIVES DIFFERENT FROM THEIR OWN AND THEY ARE IMMERSED IN INTENTIONAL PROGRAMS TO TEACH TOLERANCE, RESPECT, AND COMPASSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr F Stuart Gulley President | Officer | 39 | $498,933 |
Ms Marcia Spiller Vice President | Officer | 40 | $360,324 |
Dr Christopher Freer Vice President | Officer | 40 | $257,589 |
Ms Nija Meyer Vice President | Officer | 40 | $227,202 |
Ms Louise D Mann Vice President/treasurer | Officer | 38 | $212,790 |
Mr Lee Conner Vice President | Officer | 30 | $211,393 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cibc Private Wealth Management Investment Mgmt | 5/30/22 | $259,669 |
Tropic Designs Inc Turf Management | 5/30/22 | $245,841 |
Martin Electrical Services Inc Electrical Services | 5/30/22 | $112,037 |
Designed Installations Construction | 5/30/22 | $1,043,241 |
Pride Roofing Inc Roofing | 5/30/22 | $134,010 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,832,312 |
| Investment income | $2,907,982 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $99,385 |
| Net Gain/Loss on Asset Sales | $4,361,309 |
| Net Income from Fundraising Events | $58,181 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $85,209,091 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $6,128,128 |
| Grants and other assistance to Foreign Orgs/Individuals | $123,986 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,278,294 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,728,653 |
| Pension plan accruals and contributions | $1,954,529 |
| Other employee benefits | $6,503,069 |
| Payroll taxes | $2,921,967 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $97,815 |
| Fees for services: Accounting | $106,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $254,767 |
| Fees for services: Other | $0 |
| Advertising and promotion | $620,302 |
| Office expenses | $1,345,139 |
| Information technology | $1,705,818 |
| Royalties | $0 |
| Occupancy | $3,869,244 |
| Travel | $275,291 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,665,577 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,043,239 |
| Insurance | $540,426 |
| All other expenses | $0 |
| Total functional expenses | $85,208,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,413,494 |
| Pledges and grants receivable | $3,463,160 |
| Accounts receivable, net | $496,793 |
| Loans from Officers, Directors, or Controlling Persons | $1,666 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $179,398 |
| Prepaid expenses and deferred charges | $268,280 |
| Investments—publicly traded securities | $117,715,833 |
| Investments—other securities | $7,727,982 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,911,818 |
| Total assets | $297,987,009 |
| Accounts payable and accrued expenses | $9,301,482 |
| Grants payable | $0 |
| Deferred revenue | $11,530,310 |
| Tax-exempt bond liabilities | $77,172,305 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,062,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,477,288 |
| Total liabilities | $119,543,885 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $178,443,124 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Woodward Academy Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Around The Table Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
Around The Table Foundation Wilmington, DE PURPOSE: SCHOLARSHIPS SUPPORTED BY THE LOWELL BOWL | $1,500 |
Deville Foundation Inc Marietta, GA PURPOSE: UNRESTRICTED | $1,000 |
Endowment Analysis
| Beg. Balance | $27,348,217 |
| Earnings | -$1,475,619 |
| Net Contributions | $677,915 |
| Other Expense | $79,802 |
| Grants | $1,051,205 |
| Ending Balance | $25,419,506 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somerset Academy Inc Miami, FL | $514,166,798 | $324,310,430 |
Pensacola Christian College Inc Pensacola, FL | $644,308,862 | $135,086,506 |
Florida Charter Educational Foundation Inc Ft Lauderdale, FL | $156,543,730 | $97,506,587 |
Pine Crest Preparatory School Inc Fort Lauderdale, FL | $333,237,666 | $117,032,606 |
Woodward Academy Inc College Park, GA | $297,987,009 | $85,209,091 |
Westminster Schools Inc Atlanta, GA | $596,739,021 | $99,709,851 |
Gulliver Preparatory School Inc Miami, FL | $217,883,947 | $98,038,609 |
Lovett School Atlanta, GA | $255,570,564 | $63,708,553 |
The East Coast Migrant Head Start Project Raleigh, NC | $15,412,919 | $60,635,891 |
Ransom Everglades School Inc Miami, FL | $255,259,179 | $68,191,853 |
Charlotte Country Day School Charlotte, NC | $226,176,676 | $57,558,870 |
Mccallie School Inc Chattanooga, TN | $251,954,499 | $79,356,942 |