Bulloch Academy Inc
- Assets
- $14.9m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 160
- Location
- Statesboro, GA
- Founding
- 12/1971
- Data as of
- 07/2021
- EIN
- 58-1119726
Organization Overview
Bulloch Academy Inc is located in Statesboro, GA. The organization was established in 1971. 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 07/2021, Bulloch Academy Inc employed 160 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bulloch 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 07/2021, Bulloch Academy Inc generated $6.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $5.1m during the year ending 07/2021. While expenses have increased by 3.8% 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
BULLOCH ACADEMY, INC. IS A FULL SERVICE COLLEGE PREPARATORY DAY SCHOOL WHOSE MISSION IS TO CHALLENGE, TEACH AND NURTURE TOMORROW'S LEADERS TODAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BULLOCH ACADEMY IS A COLLEGE PREPARATORY DAY SCHOOL SERVING STUDENTS IN PRE-KINDERGARTEN THROUGH 12TH GRADE WITH FULL CURRICULAR AND EXTRACURRICULAR ACTVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leisa Houghton Headmaster | 40 | $182,587 | |
Ruthie Crider Secretary | OfficerTrustee | $0 | |
Kristie Crooms Treasurer | OfficerTrustee | $0 | |
Ray Mckinney Chairman | OfficerTrustee | $0 | |
John Roach Vice-Chair | OfficerTrustee | $0 | |
Everett Kennedy Board Of Tru | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pope Construction Company Inc Construction | 7/30/21 | $1,812,518 |
American Buildings Company Construction | 7/30/21 | $195,824 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $873,234 |
| All other contributions, gifts, grants, and similar amounts not included above | $526,227 |
| Noncash contributions included in lines 1a–1f | $20,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,399,461 |
| Total Program Service Revenue | $4,566,151 |
| Investment income | $2,106 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $6,078,467 |
| 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 | $3,253,784 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $67,109 |
| Payroll taxes | $237,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,374 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $137,999 |
| Advertising and promotion | $44,476 |
| Office expenses | $10,242 |
| Information technology | $150,903 |
| Royalties | $0 |
| Occupancy | $97,704 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,919 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $331,517 |
| Insurance | $50,390 |
| All other expenses | $235,707 |
| Total functional expenses | $5,075,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,378,571 |
| Savings and temporary cash investments | $1,951,369 |
| Pledges and grants receivable | $888,931 |
| Accounts receivable, net | $435,382 |
| 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 | $23,705 |
| Net Land, buildings, and equipment | $3,104,255 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,167,316 |
| Total assets | $14,949,529 |
| Accounts payable and accrued expenses | $2,094,370 |
| Grants payable | $0 |
| Deferred revenue | $2,220,233 |
| 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 | $573,600 |
| Total liabilities | $4,888,203 |
| Net assets without donor restrictions | $9,078,429 |
| Net assets with donor restrictions | $982,897 |
| 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 | $14,949,529 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bulloch Academy Inc has recieved totaling $180,000.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: OPERATING | | $175,000 |
Btc Community Outreach Inc Statesboro, GA PURPOSE: COMMUNITY EDUCATION | $5,000 |
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 |