Palm Beach Day Academy Inc

Organization Overview

Palm Beach Day Academy Inc is located in Palm Beach, FL. The organization was established in 1940. 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, Palm Beach Day Academy Inc employed 141 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palm Beach Day 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, Palm Beach Day Academy Inc generated $18.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $15.5m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PRIMARY EDUCATION FOR STUDENTS PRE-K THROUGH THE NINTH GRADE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INSTRUCTION-ACCREDITED CLASSROOM INSTRUCTION FOR APPROX. 488 STUDENTS IN PRE-K THROUGH NINTH GRADE.


STUDENT ACTIVITIES-ATHLETICS, ART, DRAMATICS, LABORATORY, TYPING, CULTURAL EVENTS AND TRIPS FOR APPROX. 488 STUDENTS ENROLLED IN PRE-K THROUGH NINTH GRADE.


AUXILIARY SERVICES-BUS TRANSPORTATION, TEXTBOOKS, LUNCH & JUICE PROGRAMS PROVIDED TO APPROX. 488 STUDENTS ENROLLED IN PRE-K THROUGH NINTH GRADE.


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Board, Officers & Key Employees

Name (title)Compensation
Fanning Hearon
Head Of School
$423,187
William J Coyle
Director Of Finance & Oper
$208,590
Sarah Kemeness
Head Of Upper Campus
$110,125
Grant Mashek
President
$0
Ben Alexander
Vice President
$0
Christopher Vecellio
Treasurer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Florida Blue
Health Care
$881,152
Wells Fargo Bank
Financial Services
$1,429,370
Florida Power And Light
Utilities
$201,075
Bruce Gendelman Co
Insurance
$194,043
Discovery Benefits
Employee Benefits
$191,819
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$227,286
Related organizations$0
Government grants $1,534,716
All other contributions, gifts, grants, and similar amounts not included above$1,577,221
Noncash contributions included in lines 1a–1f $31,905
Total Revenue from Contributions, Gifts, Grants & Similar$3,339,223
Total Program Service Revenue$14,183,805
Investment income $153,294
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $431,010
Net Income from Fundraising Events -$110
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $18,116,482

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Palm Beach Day Academy Inc has recieved totaling $545,000.

Awarding OrganizationAmount
Pamela And Wayne Garrison Family Foundation

Big Horn, WY

PURPOSE: PROVIDE FUNDS TO ADVANCE MISSION

$545,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,147,549
Earnings$913,528
Net Contributions$178,678
Other Expense$390,925
Ending Balance$4,848,830

Peer Organizations

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