Gainesville Independent School Inc
- Assets
- $24.8m
- Revenue
- $13.5m
- Investments
- $4.2m
- Employees
- 141
- Location
- Gainesville, GA
- Founding
- 10/1970
- Data as of
- 06/2022
- EIN
- 58-1077096
Organization Overview
Gainesville Independent School Inc is located in Gainesville, GA. The organization was established in 1970. 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 06/2022, Gainesville Independent School Inc employed 141 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gainesville Independent 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 06/2022, Gainesville Independent School Inc generated $13.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $13.3m during the year ending 06/2022. While expenses have increased by 2.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
GAINESVILLE INDEPENDENT SCHOOL, INC. A.K.A. LAKEVIEW ACADEMY IS COMMITTED TO EXCELLENCE IN THE PERSONAL GROWTH AND ACADEMIC DEVELOPMENT OF THE COLLEGE-BOUND STUDENTS THROUGH A PARTNERSHIP OF SCHOOL, FAMILY, AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAKEVIEW ACADEMY IS AN ACCREDITED COLLEGE PREPARATORY EDUCATIONAL INSTITUTION COVERING GRADES K3 THROUGH TWELVE. LAKEVIEW IS COMMITTED TO PROVIDING THE HIGHEST COLLEGE PREPARATORY EDUCATION POSSIBLE TO THE STUDENTS OF THE SCHOOL. LAKEVIEW MAINTAINS A STUDENT BODY OF APPROXIMATELY 600 STUDENTS. LAKEVIEW IS LOCATED IN GAINESVILLE, GA.
ATHLETICS - LAKEVIEW ACADEMY COMPETES IN THE GEORGIA INDEPENDENT ATHLETIC ASSOCIATION (GIAA) AND OFFERS BASEBALL, BASKETBALL, CHEERLEADING, CROSS COUNTRY, FOOTBALL, GOLF, SOCCER, SWIMMING, TENNIS, AND VOLLEYBALL AS TEAM SPORTS FOR GRADES 7-12. OVER 75% OF LAKEVIEW'S MIDDLE AND UPPER SCHOOL STUDENTS PARTICIPATE IN AT LEAST ONE SCHOOL-SPONSORED SPORT, AS WELL AS A FINE ARTS ACTIVITY, AND SPORTING CLAYS.
STUDENT ACTIVITIES AND SERVICES - LAKEVIEW ACADEMY IS COMMITEED TO PROVIDING OPPORTUNITIES FOR FINE ARTS, TECHNOLOGY, AND COMMUNITY SERVICE. ALL STUDENTS HAVE A VARIETY OF AFTER-SCHOOL OPPORTUNITIES FROM WHICH TO CHOOSE, INCLUDING THE SCHOOL'S AWARD-WINNING DRAMA AND ARTS PROGRAMS. LAKEVIEW STUDENTS HAVE OPPORTUNITIES TO BECOME INVOLVED IN TECHNOLOGY-RELATED ACTIVITIES AND STUDENTS IN GRADES 4-12 CAN ALSO JOIN THE SCHOOL'S AWARD-WINNING ROBOTICS TEAM, WHICH HAS BEEN RECOGNIZED AS ONE OF THE TOP TEAMS IN GEORGIA. A CENTRAL TENET OF LAKEVIEW ACADEMY IS THE SCHOOL'S COMMITMENT TO COMMUNITY SERVICE. THROUGH ACTIVE INVOLVEMENT WITH OTHERS IN THE COMMUNITY, STUDENTS LEARN THE VALUE OF SERVICE AND THE NEED TO TAKE RESPONSIBILITY FOR THE COMMUNITY IN WHICH THEY LIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristy Mongomery Head Of School (past) | 1 | $242,723 | |
Allen Tucker Assistant Head Of School | 40 | $178,185 | |
Leeann Lawlor Senior Director | 40 | $159,992 | |
John Simpson Head Of School (current) | Officer | 40 | $139,201 |
Jay Kilroy Chair | Officer | 1 | $0 |
Sheetal Mangalat Secretary | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sla Management Llc Food Service | 6/29/18 | $367,449 |
Halski Systems Llc It | 6/29/18 | $361,683 |
Classic City Solutions Cleaning | 6/29/18 | $106,950 |
Daniel's Education Tours Tourism | 6/29/18 | $131,177 |
Carroll Daniel Construction Co Construction | 6/29/18 | $247,457 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $103,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,423,856 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,527,356 |
| Total Program Service Revenue | $11,343,196 |
| Investment income | -$491,053 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $168,012 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,547,511 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,424,562 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $406,429 |
| Compensation of current officers, directors, key employees. | $406,429 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,150,353 |
| Pension plan accruals and contributions | $170,397 |
| Other employee benefits | $932,398 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,009 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $79,014 |
| Office expenses | $520,209 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $154,059 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $85,595 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $813,863 |
| Insurance | $57,963 |
| All other expenses | $440,524 |
| Total functional expenses | $13,264,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,284,854 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $417,528 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $330,241 |
| Inventories for sale or use | $1,500 |
| Prepaid expenses and deferred charges | $200,661 |
| Net Land, buildings, and equipment | $12,456,890 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,157,894 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,849,568 |
| Accounts payable and accrued expenses | $738,462 |
| Grants payable | $0 |
| Deferred revenue | $4,599,725 |
| Tax-exempt bond liabilities | $2,853,839 |
| 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 | $8,192,026 |
| Net assets without donor restrictions | $13,789,762 |
| Net assets with donor restrictions | $2,867,780 |
| 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 | $24,849,568 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Gainesville Independent School Inc has recieved totaling $241,817.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $175,000 |
North Georgia Community Foundation Gainesville, GA PURPOSE: EDUCATION | $52,600 |
Georgia's Own Credit Union Atlanta, GA PURPOSE: CHARITABLE CONTRIBUTION | $13,150 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,067 |
Endowment Analysis
| Beg. Balance | $3,762,775 |
| Earnings | -$506,592 |
| Net Contributions | $135,096 |
| Other Expense | $18,592 |
| Ending Balance | $3,372,687 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bolles School Jacksonville, FL | $131,930,396 | $55,866,326 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Miami Country Day School Inc Miami, FL | $132,305,093 | $52,562,056 |
Charlotte Latin Schools Inc Charlotte, NC | $136,686,590 | $47,461,290 |
Greater Atlanta Christian Schools Inc Norcross, GA | $104,910,212 | $44,897,863 |
Pace Academy Inc Atlanta, GA | $185,935,585 | $47,968,638 |
Ravenscroft School Inc Raleigh, NC | $81,090,288 | $36,426,897 |
Durham Academy Inc Durham, NC | $115,235,784 | $38,768,231 |
Purpose Built Schools Atlanta Inc Atlanta, GA | $15,990,097 | $34,651,857 |
Wesleyan School Inc Peachtree Corners, GA | $136,567,654 | $38,199,935 |
Paideia School Incorporated Atlanta, GA | $78,987,802 | $31,795,237 |
Benjamin Private School Inc North Palm Beach, FL | $92,959,329 | $35,673,109 |