Clarksville Academy
- Assets
- $6.7m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 114
- Location
- Clarksville, TN
- Founding
- 09/1970
- Data as of
- 07/2021
- EIN
- 62-0815277
Organization Overview
Clarksville Academy is located in Clarksville, TN. The organization was established in 1970. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 07/2021, Clarksville Academy employed 114 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clarksville Academy 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, Clarksville Academy generated $6.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $5.6m during the year ending 07/2021. 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 OF CHILDREN PRE-K THROUGH GRADE 12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF CHILDREN PRE-K THROUGH GRADE 12. APPROXIMATELY 650 CHILDREN UTILIZE THE SCHOOL'S FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Hinote Head Of Scho | Officer | $240,000 | |
Scott Giles Chair | OfficerTrustee | $0 | |
Suzanne Norman Board Member | OfficerTrustee | $0 | |
Michael Wallace Secretary | OfficerTrustee | $0 | |
Tim Sawyer Past Chair | Trustee | $0 | |
Corinthia Elder Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $776,927 |
| All other contributions, gifts, grants, and similar amounts not included above | $205,540 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $982,467 |
| Total Program Service Revenue | $5,302,696 |
| Investment income | $4,886 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,500 |
| Net Income from Fundraising Events | $93,611 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,391,160 |
| 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 | $3,289,352 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $135,875 |
| Payroll taxes | $242,179 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $53,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $252,919 |
| Advertising and promotion | $0 |
| Office expenses | $204,546 |
| Information technology | $5,153 |
| Royalties | $0 |
| Occupancy | $298,432 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,114 |
| Interest | $189,703 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $191,517 |
| Insurance | $224,620 |
| All other expenses | $63,825 |
| Total functional expenses | $5,609,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,089,191 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,426 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,880 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $32,755 |
| Net Land, buildings, and equipment | $4,606,460 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $13,776 |
| Other assets | $917,466 |
| Total assets | $6,723,954 |
| Accounts payable and accrued expenses | $74,370 |
| Grants payable | $0 |
| Deferred revenue | $1,575 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $62,082 |
| Secured mortgages and notes payable | $5,240,692 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $166,092 |
| Total liabilities | $5,544,811 |
| Net assets without donor restrictions | $261,677 |
| Net assets with donor restrictions | $917,466 |
| 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 | $6,723,954 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Clarksville Academy has recieved totaling $184,644.
| Awarding Organization | Amount |
|---|---|
Tulsa Community Foundation Tulsa, OK PURPOSE: SCHOLARSHIP | $170,000 |
Dreamchasers Clarksville, TN | | $14,300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $344 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Langley School Inc Mclean, VA | $63,128,940 | $18,629,240 |
Economic Security Corporation Of Southwest Area Joplin, MO | $10,642,309 | $18,556,997 |
Wake County Smartstart Raleigh, NC | $3,415,796 | $19,658,248 |
Livingston Byrdstown Jamestown And Cookeville Development Corporation Cookeville, TN | $2,043,241 | $13,554,742 |
Hope Montessori Academy St Louis, MO | $759,290 | $12,407,556 |
Washington County Opportunities Inc Greenville, MS | $2,892,910 | $12,059,595 |
Columbia Academy School Columbia, TN | $17,513,853 | $13,288,512 |
Montessori School Of Raleigh Inc Raleigh, NC | $11,662,431 | $8,380,387 |
Forsyth School Inc Saint Louis, MO | $26,400,656 | $9,718,193 |
The New School Fayetteville, AR | $39,755,955 | $6,395,577 |
Smart Start Of Forsyth County Winston Salem, NC | $369,779 | $8,124,286 |
Caldwell Academy Greensboro, NC | $20,742,733 | $8,088,099 |