Memorial Day School Inc
- Assets
- $2.2m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 80
- Location
- Savannah, GA
- Founding
- 03/1973
- Data as of
- 06/2021
- EIN
- 58-1115699
Organization Overview
Memorial Day School Inc is located in Savannah, GA. The organization was established in 1973. 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 06/2021, Memorial Day School Inc employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memorial Day 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 06/2021, Memorial Day School Inc generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 years. 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
TO PROVIDE AN EDUCATIONAL EXPERIENCE BASED ON ACADEMIC EXCELLENCE AND CHRISTIAN PRINCIPLES TO PREPARE EACH STUDENT FOR THE DIVERSE CHALLENGES AND OPPORTUNITIES OF HIGHER EDUCATION AND FOR RESPONSIBLE CITIZENSHIP IN A DEMOCRATIC SOCIETY AND RAPIDLY CHANGING WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL AND DAYCARE SERVING 300 STUDENTS FROM AGE 6 WEEKS TO 12TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Farris Headmaster | Officer | 40 | $59,358 |
Wanda Hill Board Chair | OfficerTrustee | 1 | $0 |
Becky Sanchez Board Secret | OfficerTrustee | 1 | $0 |
Treva Bukowiec Board Member | Trustee | 1 | $0 |
Anna Adams Board Member | Trustee | 1 | $0 |
Melinda Miller Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $234,688 |
| All other contributions, gifts, grants, and similar amounts not included above | $91,971 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $326,659 |
| Total Program Service Revenue | $1,840,071 |
| Investment income | $2,760 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $82,625 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,252,115 |
| 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. | $59,358 |
| Compensation of current officers, directors, key employees. | $59,358 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,307,128 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $178,426 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,420 |
| Advertising and promotion | $0 |
| Office expenses | $64,607 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $151,315 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $37,258 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,068 |
| Insurance | $39,914 |
| All other expenses | $24,576 |
| Total functional expenses | $2,200,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $405,578 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $61,309 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,342,710 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $396,440 |
| Other assets | $36,727 |
| Total assets | $2,242,764 |
| Accounts payable and accrued expenses | $52,218 |
| Grants payable | $0 |
| Deferred revenue | $225,744 |
| 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 | $860,309 |
| Unsecured mortgages and notes payable | $125,000 |
| Other liabilities | $115,738 |
| Total liabilities | $1,379,009 |
| Net assets without donor restrictions | $846,608 |
| Net assets with donor restrictions | $17,147 |
| 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 | $2,242,764 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Memorial Day School Inc has recieved totaling $18.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18 |
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 |
Carrollwood Day School Education Inc Tampa, FL | $44,857,641 | $20,567,249 |
Carolina Day School Inc Asheville, NC | $29,412,889 | $19,874,947 |
Kipp Jacksonville Inc Jacksonville, FL | $9,839,108 | $19,518,543 |
Randolph School Huntsville, AL | $69,168,210 | $21,425,432 |
Renaissance Arts And Education Inc Palmetto, FL | $29,910,781 | $21,492,050 |
Lakeland Christian School Inc Lakeland, FL | $60,596,367 | $29,249,240 |
Republic Schools Nashville Nashville, TN | $31,048,580 | $24,002,902 |
Summit School Inc Winstonsalem, NC | $46,496,346 | $18,682,492 |
Alfred B Maclay Jr Day School Tallahassee, FL | $28,425,288 | $17,967,088 |
North Cobb Christian School Inc Kennesaw, GA | $44,288,708 | $22,180,039 |