Southeast Education Inc
- Assets
- $24.8m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 156
- Location
- Dothan, AL
- Founding
- 07/1970
- Data as of
- 06/2023
- EIN
- 63-0587688
Organization Overview
Southeast Education Inc is located in Dothan, AL. The organization was established in 1970. 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 06/2023, Southeast Education Inc employed 156 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southeast Education 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 06/2023, Southeast Education Inc generated $9.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $8.8m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE STUDENTS FOR RESPONSIBLE PARTICIPATION IN A GLOBAL SOCIETY BY PROVIDING AN EXCELLENT LEARNING ENVIRONMENT AND OPPORTUNITIES TO ACHIEVE THEIR HIGHEST ACADEMIC, SOCIAL, AND CREATIVE POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A SCHOOL GRADES PRIMER THROUGH TWELVE FOR APPROXIMATELY 690 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Saliba Trustee | Trustee | 0 | $0 |
Taylor Flowers Trustee | Trustee | 0 | $0 |
Mary Heersink Trustee | Trustee | 0 | $0 |
Roben Ash Trustee | Trustee | 0 | $0 |
Kevin Savoy Chairman | OfficerTrustee | 0 | $0 |
Charles Bunton Trustee | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hollis & Spann Construction | 6/29/23 | $1,488,635 |
Seay Seay & Litchfield Architects Architect | 6/29/23 | $362,511 |
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 | $1,608,302 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,608,302 |
| Total Program Service Revenue | $8,185,791 |
| Investment income | $25,094 |
| 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 | $9,817,353 |
| 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 | $5,103,763 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $122,526 |
| Other employee benefits | $285,651 |
| Payroll taxes | $368,981 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,920 |
| Fees for services: Accounting | $27,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,494 |
| Advertising and promotion | $103,231 |
| Office expenses | $59,013 |
| Information technology | $80,586 |
| Royalties | $0 |
| Occupancy | $170,613 |
| Travel | $144 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $227,985 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $835,197 |
| Insurance | $0 |
| All other expenses | $464,297 |
| Total functional expenses | $8,765,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,098,304 |
| Savings and temporary cash investments | $1,027,882 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,175,042 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $116,031 |
| Prepaid expenses and deferred charges | $60,548 |
| Net Land, buildings, and equipment | $17,869,703 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $35,000 |
| Other assets | $394,023 |
| Total assets | $24,776,533 |
| Accounts payable and accrued expenses | $466,009 |
| Grants payable | $0 |
| Deferred revenue | $1,788,780 |
| 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 | $3,238,013 |
| Unsecured mortgages and notes payable | $359,805 |
| Other liabilities | $425,783 |
| Total liabilities | $6,278,390 |
| Net assets without donor restrictions | $14,889,675 |
| Net assets with donor restrictions | $3,608,468 |
| 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 | $24,776,533 |