Tipton-Rosemark Academy Inc
- Assets
- $9.8m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 131
- Location
- Millington, TN
- Founding
- 10/1994
- Data as of
- 06/2021
- EIN
- 62-0730545
Organization Overview
Tipton-Rosemark Academy Inc is located in Millington, TN. The organization was established in 1994. 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 06/2021, Tipton-Rosemark Academy Inc employed 131 individuals. This organization is the central organization for a national or regional group of organizations. Tipton-Rosemark 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, Tipton-Rosemark Academy Inc generated $6.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $6.6m during the year ending 06/2021. While expenses have increased by 0.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE APPROXIMATELY 600 STUDENTS FROM PRE-KINDERGARTEN THROUGH GRADE 12 WITH A QUALITY EDUCATION TO PREPARE THEM FOR ENTRY INTO COLLEGE AND TO BE PRODUCTIVE U.S. CITIZENS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert S Baker Head Of Schools | Officer | 50 | $107,704 |
Johnny James Chair | OfficerTrustee | 2 | $0 |
Harry Sinis Vice Chair | OfficerTrustee | 2 | $0 |
Rose Fullen Treasurer | OfficerTrustee | 1 | $0 |
Kim Stewart Secretary | OfficerTrustee | 1 | $0 |
Jason Butler Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,400 |
| Investment income | $0 |
| 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 | $6,179,418 |
| Statement of Expenses | |
|---|---|
| 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. | $107,704 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,970,287 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $288,359 |
| Payroll taxes | $232,069 |
| Fees for services: Management | $29,546 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $40,386 |
| Information technology | $57,081 |
| Royalties | $0 |
| Occupancy | $375,173 |
| Travel | $12,796 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $251,787 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $703,441 |
| Insurance | $61,796 |
| All other expenses | $0 |
| Total functional expenses | $6,593,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,567,820 |
| Savings and temporary cash investments | $171,825 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,732 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,193 |
| Prepaid expenses and deferred charges | $41,309 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $135,300 |
| Total assets | $9,767,049 |
| Accounts payable and accrued expenses | $102,041 |
| Grants payable | $0 |
| Deferred revenue | $1,190,620 |
| 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 | $6,106,188 |
| Unsecured mortgages and notes payable | $404,919 |
| Other liabilities | $0 |
| Total liabilities | $7,803,768 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,963,281 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tipton-Rosemark Academy Inc has recieved totaling $86,395.
| Awarding Organization | Amount |
|---|---|
Robinson Foundation Wilmington, DE PURPOSE: TO PURCHASE PERMETHEAN BOARDS, ADDITIONAL SHADE STRUCTURE FOR THE PLAYGROUND, PLAYGROUND EQUIPMENT FOR BOTH PLAYGROUNDS | $86,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $395 |
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|---|---|---|
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Louisville Collegiate School Louisville, KY | $44,243,091 | $19,424,992 |
Pulaski Academy Little Rock, AR | $31,968,373 | $17,811,246 |
Brookstone School Inc Columbus, GA | $71,035,506 | $24,481,396 |
Lincoln Charter School Inc Denver, NC | $10,014,512 | $18,722,799 |
Kentucky Country Day School Inc Louisville, KY | $45,327,857 | $17,940,550 |
Imagine Schools Inc Vienna, VA | $112,554,052 | $31,881,932 |
Episcopal Collegiate School Little Rock, AR | $113,498,551 | $17,410,081 |
Savannah Christian Preparatory School Inc Savannah, GA | $28,769,990 | $18,697,901 |
Capstone Education Group Inc Memphis, TN | $24,521,664 | $20,250,688 |
Republic Schools Inc Jackson, MS | $19,525,941 | $20,988,573 |