George Walton Academy Inc
- Assets
- $18.5m
- Revenue
- $12.0m
- Investments
- $0.0
- Employees
- 208
- Location
- Monroe, GA
- Founding
- 02/1971
- Data as of
- 06/2021
- EIN
- 58-1077042
Organization Overview
George Walton Academy Inc is located in Monroe, GA. The organization was established in 1971. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, George Walton Academy Inc employed 208 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George Walton 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 06/2021, George Walton Academy Inc generated $12.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $11.5m during the year ending 06/2021. While expenses have increased by 0.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GEORGE WALTON ACADEMY PROVIDES CHALLENGING INSTRUCTION, ENGAGING EXPERIENCES, AND GLOBAL PERSPECTIVES DESIGNED TO INSPIRE LIVES OF INTELLECTUAL CURIOSITY, INTEGRITY, AND PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GEORGE WALTON ACADEMY PROVIDES EXTRAORDINARY PROGRAMING TO ENSURE A BALANCED, WELL-ROUNDED STUDENT EXPERIENCE IN ACADEMICS, ATHLETICS, AND THE ARTS THAT ENCOURAGES STUDENTS TO DISCOVER AND PURSUE THEIR MANY TALENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Dolan Headmaster | Officer | 40 | $248,600 |
Lee Waldo Treasurer | OfficerTrustee | 1 | $0 |
Roy Roberts Chairman | OfficerTrustee | 1 | $0 |
Scott Briscoe Vice Chairman | OfficerTrustee | 1 | $0 |
Phil Stone Trustee | Trustee | 1 | $0 |
Michael Geoffroy Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Donald Camp Inc Electrical Contractor | 6/29/21 | $265,235 |
Pro Form Sports Athletic Surfaces | 6/29/21 | $155,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $67,411 |
| Related organizations | $0 |
| Government grants | $1,250,681 |
| All other contributions, gifts, grants, and similar amounts not included above | $797,067 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,115,159 |
| Total Program Service Revenue | $9,802,628 |
| Investment income | $45,691 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,401 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,032,755 |
| 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. | $226,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,970,643 |
| Pension plan accruals and contributions | $220,035 |
| Other employee benefits | $377,069 |
| Payroll taxes | $481,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,161 |
| Fees for services: Accounting | $34,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,438 |
| Advertising and promotion | $65,129 |
| Office expenses | $145,479 |
| Information technology | $179,532 |
| Royalties | $0 |
| Occupancy | $283,088 |
| Travel | $362 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $178,708 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $948,314 |
| Insurance | $148,731 |
| All other expenses | $121,349 |
| Total functional expenses | $11,492,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,036 |
| Savings and temporary cash investments | $3,191,729 |
| Pledges and grants receivable | $992,657 |
| Accounts receivable, net | $23,367 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,653 |
| Prepaid expenses and deferred charges | $17,802 |
| Net Land, buildings, and equipment | $14,238,178 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,498,422 |
| Accounts payable and accrued expenses | $672,983 |
| Grants payable | $0 |
| Deferred revenue | $4,309,577 |
| 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 | $3,225,907 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $198,700 |
| Total liabilities | $8,407,167 |
| Net assets without donor restrictions | $6,965,303 |
| Net assets with donor restrictions | $3,125,952 |
| 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 | $18,498,422 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that George Walton Academy Inc has recieved totaling $72,273.
| Awarding Organization | Amount |
|---|---|
Walton County Foundation Inc Monroe, GA PURPOSE: BAND EQUIP INTERACTIVE DISPLAY SCHOLARSHIP | $20,735 |
Herbert And Marian Haley Foundation Albany, GA PURPOSE: EDUCATION | $20,000 |
The Shoff Foundation Inc Flowery Branch, GA PURPOSE: CHARITABLE CONTRIBUTION TO PUBLICLY SUPPORTED 501(C)(3) ORGANIZATION | $15,000 |
Charles M Walker Foundation Inc Monroe, GA PURPOSE: BUILDING FUND | $8,000 |
Walton Electric Trust Inc Monroe, GA | | $6,500 |
Peach State Fcu Cares Foundation Inc Lawrenceville, GA PURPOSE: ORGANIZATIONAL SUPPORT | $1,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Landings Club Inc Savannah, GA | $76,235,389 | $43,044,375 |
Ballenisles Country Club Inc Palm Beach Gardens, FL | $102,659,603 | $33,522,329 |
Bonita Bay Club Inc Bonita Springs, FL | $91,256,016 | $30,477,869 |
Broken Sound Club Inc Boca Raton, FL | $75,034,452 | $29,709,984 |
Country Club Of Birmingham Mountain Brook, AL | $47,639,454 | $23,076,044 |
Jonathans Landing Golf Club Inc Jupiter, FL | $59,911,329 | $17,646,734 |
Shadow Wood Country Club Inc Bonita Springs, FL | $55,101,901 | $17,682,525 |
Sawgrass Country Club Inc Ponte Vedra Bch, FL | $52,066,514 | $17,219,886 |
Myers Park Country Club Inc Charlotte, NC | $50,316,696 | $16,086,490 |
Lost Tree Club Inc North Palm Beach, FL | $50,198,278 | $14,415,754 |
Kings Point Recreation Corporation Inc Delray Beach, FL | $17,448,550 | $25,502,124 |
Aberdeen Golf & Country Club Inc Boynton Beach, FL | $55,724,484 | $13,720,029 |