Brentwood Academy Inc
- Assets
- $50.4m
- Revenue
- $25.9m
- Investments
- $12.6m
- Employees
- 347
- Location
- Brentwood, TN
- Founding
- 05/1970
- Data as of
- 06/2022
- EIN
- 62-0811952
Organization Overview
Brentwood Academy Inc is located in Brentwood, TN. The organization was established in 1970. 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 06/2022, Brentwood Academy Inc employed 347 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brentwood 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 06/2022, Brentwood Academy Inc generated $25.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $24.0m during the year ending 06/2022. While expenses have increased by 2.0% 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
BRENTWOOD ACADEMY IS A COEDUCATIONAL, INDEPENDENT, COLLEGE PREPARATORY SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRENTWOOD ACADEMY OFFERS A WIDE VARIETY OF PROGRAMS UNDER THE MAJOR PROGRAM SERVICE TITLE OF "ACADEMICS." APPROXIMATELY 710 STUDENTS ARE CURRENTLY SERVED BY THE ACADEMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis Masters Head Of School | Officer | 40 | $813,979 |
William D Preble Assoc Head Of School-Enrol | 40 | $227,389 | |
Donald Ray Mullican Jr Assoc Head Of School-Finan | Officer | 40 | $218,443 |
Scott Wells History/football/wrestling | 40 | $173,169 | |
Cody White Dir/athletics | 40 | $164,346 | |
Karen Ssutton Director Of Development | 40 | $132,966 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Professional Roofing Contractors Inc Roofing | 6/29/22 | $249,132 |
The Budd Group Janitorial Service | 6/29/22 | $244,828 |
Flik (Chartwells Dining Services) Food Services | 6/29/22 | $697,307 |
Esa Inc Architecture Services | 6/29/22 | $349,596 |
The Parke Company Inc Lawn Service | 6/29/22 | $128,143 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,159,850 |
| Noncash contributions included in lines 1a–1f | $363,185 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,159,850 |
| Total Program Service Revenue | $22,033,020 |
| Investment income | $546,422 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,350 |
| Net Gain/Loss on Asset Sales | -$91,857 |
| Net Income from Fundraising Events | $98,940 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,930,047 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,441,795 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $594,427 |
| Compensation of current officers, directors, key employees. | $564,705 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,092,539 |
| Pension plan accruals and contributions | $516,290 |
| Other employee benefits | $1,373,326 |
| Payroll taxes | $730,861 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,416 |
| Fees for services: Accounting | $40,757 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $150,165 |
| Advertising and promotion | $0 |
| Office expenses | $1,174,491 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,459,664 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $59,638 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,928,846 |
| Insurance | $161,220 |
| All other expenses | $64,662 |
| Total functional expenses | $23,973,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,056,318 |
| Savings and temporary cash investments | $158,366 |
| Pledges and grants receivable | $1,071,192 |
| Accounts receivable, net | $342,594 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $100,519 |
| Prepaid expenses and deferred charges | $271,405 |
| Net Land, buildings, and equipment | $29,364,614 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $12,622,700 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $391,449 |
| Total assets | $50,379,157 |
| Accounts payable and accrued expenses | $1,710,083 |
| Grants payable | $0 |
| Deferred revenue | $1,858,268 |
| 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 | $2,510,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $78,303 |
| Total liabilities | $6,156,654 |
| Net assets without donor restrictions | $33,210,772 |
| Net assets with donor restrictions | $11,011,731 |
| 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 | $50,379,157 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Brentwood Academy Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
The Houghland Foundation Brentwood, TN PURPOSE: GENERAL PURPOSES | $1,000 |
Endowment Analysis
| Beg. Balance | $9,819,057 |
| Earnings | -$1,074,390 |
| Admin Expense | $1,237 |
| Net Contributions | $78,543 |
| Other Expense | $1,205,828 |
| Ending Balance | $7,616,145 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ensworth School Nashville, TN | $203,625,309 | $44,175,360 |
Freedom Preparatory Academy Inc Memphis, TN | $50,857,494 | $33,295,008 |
Cannon School Inc Concord, NC | $52,291,449 | $28,580,834 |
Thales Academy Raleigh, NC | $136,454,160 | $55,473,682 |
Mt Paran Christian School Inc Kennesaw, GA | $56,928,804 | $29,889,603 |
Franklin Road Academy Inc Nashville, TN | $58,128,778 | $31,046,189 |
Brentwood Academy Inc Brentwood, TN | $50,379,157 | $25,930,047 |
Lake Norman Charter School Inc Huntersville, NC | $64,551,351 | $25,126,213 |
Greensboro Independent School Corporation Greensboro, NC | $42,520,891 | $22,760,621 |
Jackson Academy Inc Jackson, MS | $38,072,523 | $26,664,882 |
Trinity School Inc Atlanta, GA | $133,203,671 | $25,058,941 |
Carolina Day School Inc Asheville, NC | $29,412,889 | $19,874,947 |