Lee Scott Academy Inc
- Assets
- $15.7m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 137
- Location
- Auburn, AL
- Founding
- 08/1967
- Data as of
- 06/2021
- EIN
- 63-0521454
Organization Overview
Lee Scott Academy Inc is located in Auburn, AL. The organization was established in 1967. 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, Lee Scott Academy Inc employed 137 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lee Scott 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, Lee Scott Academy Inc generated $10.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $7.9m during the year ending 06/2021. While expenses have increased by 6.9% per year over the past 5 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
EDUCATIONAL ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL ACTIVITIES FOR PRE-K THROUGH 12TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Clardy Secretary | OfficerTrustee | 1 | $0 |
Howard Weissinger Assistant Secretary | OfficerTrustee | 1 | $0 |
David Scott Founders Board President | OfficerTrustee | 0 | $0 |
Rozi Dover President | OfficerTrustee | 3 | $0 |
Kathleen Reams Treasurer | OfficerTrustee | 2 | $0 |
Laura Mckay Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $22,874 |
| Related organizations | $0 |
| Government grants | $910,097 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,246,281 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,179,252 |
| Total Program Service Revenue | $6,586,632 |
| Investment income | $72,725 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,408 |
| Net Income from Fundraising Events | $19,450 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,869,467 |
| 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 | $4,241,979 |
| Pension plan accruals and contributions | $121,220 |
| Other employee benefits | $0 |
| Payroll taxes | $312,527 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,820 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $101,756 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,811 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $100,114 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $663,577 |
| Insurance | $227,799 |
| All other expenses | $456,926 |
| Total functional expenses | $7,853,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,181,639 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,089,196 |
| Accounts receivable, net | $85,232 |
| 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 | $195,063 |
| Net Land, buildings, and equipment | $9,528,333 |
| Investments—publicly traded securities | $1,579,331 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,658,794 |
| Accounts payable and accrued expenses | $179,708 |
| Grants payable | $0 |
| Deferred revenue | $625,701 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $72,548 |
| Total liabilities | $877,957 |
| Net assets without donor restrictions | $10,219,378 |
| Net assets with donor restrictions | $4,561,459 |
| 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 | $15,658,794 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Lee Scott Academy Inc has recieved totaling $1,011,177.
| Awarding Organization | Amount |
|---|---|
Scott Foundation Inc Opelika, AL PURPOSE: RELIGIOUS | $693,291 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $230,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $41,500 |
The Lanier Family Foundation West Point, GA PURPOSE: FUNDRAISER | $20,000 |
The Hutchinson Family Foundation Inlet Beach, FL PURPOSE: GENERAL FUND | $20,000 |
The@ann Washington Hillyer Foundation Opelika, AL PURPOSE: FUNDING | $5,000 |
Endowment Analysis
| Beg. Balance | $1,000,000 |
| Ending Balance | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Canterbury School Corporation Fort Myers, FL | $32,236,169 | $23,638,435 |
Brookstone School Inc Columbus, GA | $71,035,506 | $24,481,396 |
The Masters Academy Of Central Florida Inc Oviedo, FL | $26,482,967 | $18,246,673 |
Savannah Christian Preparatory School Inc Savannah, GA | $28,769,990 | $18,697,901 |
Saint Edwards School Vero Beach, FL | $54,149,022 | $17,250,987 |
Capstone Education Group Inc Memphis, TN | $24,521,664 | $20,250,688 |
Republic Schools Inc Jackson, MS | $19,525,941 | $20,988,573 |
Strong Rock Christian School Inc Locust Grove, GA | $18,179,980 | $18,285,975 |
Fellowship Christian School Inc Roswell, GA | $48,536,188 | $18,034,878 |
St Pauls Episcopal School Mobile, AL | $26,189,566 | $16,422,172 |
Dubois Integrity Academy Inc Riverdale, GA | $36,435,666 | $18,797,787 |
William Monroe Rowlett Academy For Arts And Communication Bradenton, FL | $11,754,381 | $15,312,169 |