Wayne County School Foundation
- Assets
- $3.9m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Waynesboro, MS
- Founding
- 07/2003
- Data as of
- 05/2022
- EIN
- 64-0503879
Organization Overview
Wayne County School Foundation, operating under the name Wayne Academy, is located in Waynesboro, MS. The organization was established in 2003. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wayne 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, Wayne Academy generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $3.2m during the year ending 05/2022. While expenses have increased by 5.0% 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
THE FOUNDATION IS AN EDUCATIONAL FACILITY FOR PRESCHOOL, KINDERGARTEN, ELEMENTARY AND HIGH SCHOOL STUDENTS. THE FOUNDATION INCLUDES A DAYCARE AND OPERATES A CAFETERIA FOR THE BENEFIT OF STUDENTS AND TEACHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS PROGRAM PROVIDES FOR THE OVERALL OPERATION OF AN EDUCATIONAL FACILITY FOR STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADE.
THIS PROGRAM PROVIDES FOR THE OPERATION OF A CAFETERIA THAT SERVICES THE STUDENTS, TEACHERS AND ALL OTHER EMPLOYEES.
THIS PROGRAM PROVIDES FOR THE OPERATION OF A DAYCARE FOR STUDENTS BEGINNING AT AGE 2 THAT ASSISTS IN PREPARING THE CHILDREN FOR ELEMENTARY SCHOOL.
THIS TOTAL REPRESENTS INCOME AND EXPENSES TO RUN ATHLETIC PROGRAMS THAT INCLUDE BASEBALL, BASKETBALL, FOOTBALL, SOFTBALL, TENNIS, TRACK AND CHEERLEADING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Kelley Vice - President | OfficerTrustee | 5 | $0 |
Jarrod Frasier Secretary/treasurer | OfficerTrustee | 5 | $0 |
Mark Gordon President | OfficerTrustee | 5 | $0 |
Chris Odom Director | Trustee | 5 | $0 |
Matt Hall Director | Trustee | 5 | $0 |
Jay Tynes Director | Trustee | 5 | $0 |
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 | $1,324,046 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,324,046 |
| Total Program Service Revenue | $2,901,898 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,600 |
| 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 | $4,232,544 |
| 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 | $1,466,148 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $105,432 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $26,090 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,616 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $580 |
| Interest | $32,658 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $240,436 |
| Insurance | $55,594 |
| All other expenses | $621,524 |
| Total functional expenses | $3,165,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $759,864 |
| Savings and temporary cash investments | $6,788 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,089 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,095,852 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $771 |
| Total assets | $3,872,364 |
| Accounts payable and accrued expenses | $4,157 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $859,399 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $863,556 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $573,036 |
| Retained earnings, endowment, accumulated income, or other funds | $2,435,772 |
| Total liabilities and net assets/fund balances | $3,872,364 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wayne County School Foundation has recieved totaling $167,404.
| Awarding Organization | Amount |
|---|---|
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED | $167,404 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Cornerstone Academy Inc Morristown, TN | $83,376,022 | $25,507,605 |
Madison-Ridgeland Academy Madison, MS | $29,135,034 | $17,543,993 |
French & Montessori Education Inc New Orleans, LA | $8,632,060 | $13,354,447 |
Jackson Preparatory School Foundation Flowood, MS | $34,520,823 | $13,506,149 |
Oak Hill School Nashville, TN | $26,162,856 | $13,591,282 |
Arise Academy New Orleans, LA | $3,784,290 | $13,860,913 |
Bayside Academy Inc Daphne, AL | $24,736,797 | $13,712,687 |