Alabama Educational Foundation And Indian Springs School A Corporatio
- Assets
- $39.8m
- Revenue
- $15.1m
- Investments
- $209.9k
- Employees
- 84
- Location
- Indian Springs, AL
- Founding
- 08/1946
- Data as of
- 06/2022
- EIN
- 63-0319832
Organization Overview
Alabama Educational Foundation And Indian Springs School A Corporatio is located in Indian Springs, AL. The organization was established in 1946. 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 06/2022, Alabama Educational Foundation And Indian Springs School A Corporatio employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama Educational Foundation And Indian Springs School A Corporatio 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, Alabama Educational Foundation And Indian Springs School A Corporatio generated $15.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $13.4m during the year ending 06/2022. While expenses have increased by 3.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GUIDED BY OUR MOTTO, LEARNING THROUGH LIVING, INDIAN SPRINGS SCHOOL FOSTERS A LOVE OF LEARNING AND CREATIVITY, A SENSE OF INTEGRITY AND MORAL COURAGE, AND AN ETHIC OF PARTICIPATORY CITIZENSHIP WITH RESPECT FOR INDIVIDUALITY AND INDEPENDENT THOUGHT.
Describe the Organization's Program Activity:
OPERATION OF EDUCATIONAL ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Schamberger Head Of School | Officer | 40 | $315,216 |
James Simon Assistant Head Of School For Advancement | Officer | 40 | $194,462 |
Tanya Yeager Assistant Head Of School For Finance & Operations | Officer | 40 | $156,676 |
Lauren Wainright Director Of Strategy And S | 40 | $103,254 | |
Peggy Fleetwood Secretary | Officer | 40 | $49,985 |
Alan Engel Chair, Board Of Directors | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Architecture Works Construction | 6/29/22 | $711,686 |
Bl Harbert International Construction | 6/29/22 | $543,237 |
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 | $880,835 |
| Noncash contributions included in lines 1a–1f | $79,971 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $880,835 |
| Total Program Service Revenue | $11,093,695 |
| Investment income | $1,493 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,145 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,082 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,139,457 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,930,895 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $738,721 |
| Compensation of current officers, directors, key employees. | $111,467 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,928,434 |
| Pension plan accruals and contributions | $346,042 |
| Other employee benefits | $684,319 |
| Payroll taxes | $325,187 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,225 |
| Fees for services: Accounting | $40,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,041 |
| Advertising and promotion | $0 |
| Office expenses | $87,858 |
| Information technology | $318,452 |
| Royalties | $0 |
| Occupancy | $514,571 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,463 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,246,414 |
| Insurance | $293,547 |
| All other expenses | $808,502 |
| Total functional expenses | $13,373,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,977,638 |
| Savings and temporary cash investments | $6,548 |
| Pledges and grants receivable | $4,406,236 |
| Accounts receivable, net | $1,227,575 |
| 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 | $119,352 |
| Net Land, buildings, and equipment | $30,532,795 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $209,865 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $275,704 |
| Total assets | $39,755,713 |
| Accounts payable and accrued expenses | $1,094,848 |
| Grants payable | $0 |
| Deferred revenue | $4,775,720 |
| 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 | $1,084,577 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,955,145 |
| Net assets without donor restrictions | $23,908,638 |
| Net assets with donor restrictions | $8,891,930 |
| 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 | $39,755,713 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Alabama Educational Foundation And Indian Springs School A Corporatio has recieved totaling $33,945.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Greater Birmingham Birmingham, AL PURPOSE: GENERAL SUPPORT + SPECIAL PROGRAMS | $18,945 |
Scholarships For Kids Inc Birmingham, AL PURPOSE: TO PROVIDE ACCESS TO QUALITY EDUCATION | $15,000 |
Endowment Analysis
| Beg. Balance | $14,449,900 |
| Earnings | -$1,318,996 |
| Net Contributions | $966,943 |
| Other Expense | $398,356 |
| Ending Balance | $13,699,491 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bolles School Jacksonville, FL | $131,930,396 | $55,866,326 |
Miami Country Day School Inc Miami, FL | $132,305,093 | $52,562,056 |
Greater Atlanta Christian Schools Inc Norcross, GA | $104,910,212 | $44,897,863 |
Pace Academy Inc Atlanta, GA | $185,935,585 | $47,968,638 |
Purpose Built Schools Atlanta Inc Atlanta, GA | $15,990,097 | $34,651,857 |
Wesleyan School Inc Peachtree Corners, GA | $136,567,654 | $38,199,935 |
Paideia School Incorporated Atlanta, GA | $78,987,802 | $31,795,237 |
Benjamin Private School Inc North Palm Beach, FL | $92,959,329 | $35,673,109 |
The Schools Of Mckeel Academy Inc Lakeland, FL | $39,834,851 | $32,368,033 |
Darlington School Rome, GA | $83,633,921 | $28,448,149 |
Harpeth Hall School Nashville, TN | $137,432,520 | $30,321,842 |
Community School Of Naples Inc Naples, FL | $81,837,065 | $29,324,734 |