Southeast Education Inc
- Assets
- $24.6m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 160
- Location
- Dothan, AL
- Founding
- 07/1970
- Data as of
- 06/2022
- 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 06/2022, Southeast Education Inc employed 160 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 06/2022, Southeast Education Inc generated $7.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $8.4m during the year ending 06/2022. While expenses have increased by 5.5% 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
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 |
|---|---|---|---|
Vincent Janney | Officer | 40 | $192,983 |
Kevin Savoy Chairman | OfficerTrustee | 0 | $0 |
Harrison Morris Vice-Chair | OfficerTrustee | 0 | $0 |
Rebecca Mcdonald Treasurer | OfficerTrustee | 0 | $0 |
Anna Mcrae Pto President | OfficerTrustee | 0 | $0 |
Ken Brown Trustee | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hollis And Spann Construction | 6/29/21 | $2,942,195 |
Seay Seay And Litchfield Pc Construction | 6/29/21 | $588,710 |
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 | $124,648 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,648 |
| Total Program Service Revenue | $7,412,293 |
| Investment income | $19,365 |
| 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 | $7,590,426 |
| 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 | $5,123,040 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $126,269 |
| Other employee benefits | $278,846 |
| Payroll taxes | $360,069 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,100 |
| Fees for services: Accounting | $26,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,319 |
| Advertising and promotion | $83,810 |
| Office expenses | $51,061 |
| Information technology | $92,963 |
| Royalties | $0 |
| Occupancy | $136,635 |
| Travel | $6,262 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $51,073 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $650,852 |
| Insurance | $77,581 |
| All other expenses | $235,243 |
| Total functional expenses | $8,356,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,870,773 |
| Savings and temporary cash investments | $915,173 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,524,794 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $51,143 |
| Prepaid expenses and deferred charges | $9,267 |
| Net Land, buildings, and equipment | $16,164,123 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $35,000 |
| Other assets | $0 |
| Total assets | $24,570,273 |
| Accounts payable and accrued expenses | $849,745 |
| Grants payable | $0 |
| Deferred revenue | $1,618,141 |
| 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 | $3,809,725 |
| Unsecured mortgages and notes payable | $433,112 |
| Other liabilities | $413,152 |
| Total liabilities | $7,123,875 |
| Net assets without donor restrictions | $12,362,053 |
| Net assets with donor restrictions | $5,084,345 |
| 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 | $24,570,273 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Southeast Education Inc has recieved totaling $903,397.
| Awarding Organization | Amount |
|---|---|
Dove Family Foundation Dothan, AL PURPOSE: CHARITABLE | $823,124 |
Scholarships For Kids Inc Birmingham, AL PURPOSE: TO PROVIDE ACCESS TO QUALITY EDUCATION | $73,650 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $123 |
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 |