Madison-Ridgeland Academy
- Assets
- $29.1m
- Revenue
- $17.5m
- Investments
- $0.0
- Employees
- 348
- Location
- Madison, MS
- Founding
- 12/1990
- Data as of
- 05/2022
- EIN
- 64-0478043
Organization Overview
Madison-Ridgeland Academy is located in Madison, MS. The organization was established in 1990. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 05/2022, Madison-Ridgeland Academy employed 348 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison-Ridgeland 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 05/2022, Madison-Ridgeland Academy generated $17.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $15.0m during the year ending 05/2022. While expenses have increased by 7.3% 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
INDEPENDENT SCHOOL (GRADES K-3 THROUGH 12)
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLASSES ARE PROVIDED FOR GRADES K3-12
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Termie Land Head Of Scho | Officer | 40 | $223,463 |
Greg Self Hs Principal | 40 | $153,017 | |
Herbert Davis Hs Dean Of S | 40 | $106,722 | |
Richard Duease Ad Emeritus/ | 40 | $102,135 | |
Alan Hart President | OfficerTrustee | 1 | $0 |
Meagen Mallett Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,421,165 |
| All other contributions, gifts, grants, and similar amounts not included above | $528,163 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,949,328 |
| Total Program Service Revenue | $15,531,318 |
| Investment income | $5,790 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$129,749 |
| Net Income from Fundraising Events | $187,306 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,543,993 |
| 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. | $223,463 |
| Compensation of current officers, directors, key employees. | $189,944 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,070,903 |
| Pension plan accruals and contributions | $292,780 |
| Other employee benefits | $0 |
| Payroll taxes | $610,157 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $48,197 |
| Office expenses | $38,077 |
| Information technology | $126,718 |
| Royalties | $0 |
| Occupancy | $730,085 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $241,100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,724,253 |
| Insurance | $541,334 |
| All other expenses | $0 |
| Total functional expenses | $15,009,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,775,676 |
| Pledges and grants receivable | $61,416 |
| Accounts receivable, net | $8,557 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $42,725 |
| Prepaid expenses and deferred charges | $115,206 |
| Net Land, buildings, and equipment | $22,131,454 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,135,034 |
| Accounts payable and accrued expenses | $1,073,574 |
| Grants payable | $0 |
| Deferred revenue | $731,927 |
| Tax-exempt bond liabilities | $7,936,609 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $104,190 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $261,736 |
| Total liabilities | $10,108,036 |
| Net assets without donor restrictions | $17,618,304 |
| Net assets with donor restrictions | $1,408,694 |
| 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 | $29,135,034 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Madison-Ridgeland Academy has recieved totaling $66,565.
| Awarding Organization | Amount |
|---|---|
Ergon Foundation Inc Jackson, MS PURPOSE: GENERAL SUPPORT | $35,000 |
Feild Co-Operative Association Incorporated Ridgeland, MS PURPOSE: GENERAL SUPPORT | $25,000 |
David J Cooper Chartiable Foundation Inc Mobile, AL PURPOSE: UNRESTRICTED | $5,000 |
Mckesson Foundation Dallas, TX PURPOSE: CHARITABLE | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $465 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100 |
Endowment Analysis
| Beg. Balance | $138,262 |
| Ending Balance | $138,262 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ensworth School Nashville, TN | $203,625,309 | $44,175,360 |
Community School For Apprenticeship Learning Inc Baton Rouge, LA | $35,523,575 | $32,794,554 |
Freedom Preparatory Academy Inc Memphis, TN | $50,857,494 | $33,295,008 |
Franklin Road Academy Inc Nashville, TN | $58,128,778 | $31,046,189 |
Brentwood Academy Inc Brentwood, TN | $50,379,157 | $25,930,047 |
Metairie Park Country Day School Metairie, LA | $48,222,871 | $23,246,338 |
Idea Public Schools Louisiana Inc Baton Rouge, LA | $5,073,579 | $25,941,968 |
Jackson Academy Inc Jackson, MS | $38,072,523 | $26,664,882 |
Community Academies Of New Orleans Inc New Orleans, LA | $3,607,282 | $19,811,905 |
Randolph School Huntsville, AL | $69,168,210 | $21,425,432 |
Republic Schools Nashville Nashville, TN | $31,048,580 | $24,002,902 |
Christian Academy Of Knoxville Inc Knoxville, TN | $16,374,308 | $19,411,697 |