Jackson Academy Inc
- Assets
- $38.1m
- Revenue
- $26.7m
- Investments
- $5.3m
- Employees
- 352
- Location
- Jackson, MS
- Founding
- 10/1986
- Data as of
- 05/2022
- EIN
- 64-6012819
Organization Overview
Jackson Academy Inc is located in Jackson, MS. The organization was established in 1986. 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, Jackson Academy Inc employed 352 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jackson 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 05/2022, Jackson Academy Inc generated $26.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $19.8m during the year ending 05/2022. While expenses have increased by 2.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WITHIN OUR NURTURING AND SPIRITUAL COMMUNITY, JACKSON ACADEMY INSPIRES AND EQUIPS EACH STUDENT TO LEAD A LIFE OF PURPOSE AND SIGNIFICANCE.
Describe the Organization's Program Activity:
THE PURPOSE OF JACKSON ACADEMY, INC IS TO OPERATE AS A NON-PROFIT INSTITUTION OF LEARNING AND TO DO ALL THINGS NECESSARY AND PROPER TO ACCOMPLISH THIS PURPOSE FOR ITS STUDENT BODY OF APPROXIMATELY 1,207. IT OPERATES EXCLUSIVELY FOR EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Hederman Chair | OfficerTrustee | 2 | $0 |
Mckie Edmonson Chair-Elect | OfficerTrustee | 2 | $0 |
Kristen Nations Secretary | OfficerTrustee | 2 | $0 |
Scott Pedigo Past Chair | OfficerTrustee | 2 | $0 |
John England Member | Trustee | 2 | $0 |
Brad Reeves Member | Trustee | 2 | $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 | $3,386,362 |
| Noncash contributions included in lines 1a–1f | $9,350 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,386,362 |
| Total Program Service Revenue | $15,913,230 |
| Investment income | $82,237 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,663 |
| Net Gain/Loss on Asset Sales | $750,668 |
| Net Income from Fundraising Events | $9,882 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $48,925 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,664,882 |
| 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. | $361,811 |
| Compensation of current officers, directors, key employees. | $20,083 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,946,038 |
| Pension plan accruals and contributions | $308,643 |
| Other employee benefits | $973,180 |
| Payroll taxes | $661,571 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,316 |
| Fees for services: Accounting | $28,565 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,158 |
| Fees for services: Other | $670,992 |
| Advertising and promotion | $265,738 |
| Office expenses | $436,559 |
| Information technology | $178,693 |
| Royalties | $0 |
| Occupancy | $311,529 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $535,160 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,817,818 |
| Insurance | $253,269 |
| All other expenses | $1,190,999 |
| Total functional expenses | $19,841,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $532,842 |
| Savings and temporary cash investments | $4,716,953 |
| Pledges and grants receivable | $1,973,783 |
| Accounts receivable, net | $5,060,802 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $70,425 |
| Prepaid expenses and deferred charges | $251,825 |
| Net Land, buildings, and equipment | $20,119,335 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,345,688 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $870 |
| Total assets | $38,072,523 |
| Accounts payable and accrued expenses | $2,791,769 |
| 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 | $13,982,772 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $610,295 |
| Total liabilities | $17,384,836 |
| Net assets without donor restrictions | $14,420,248 |
| Net assets with donor restrictions | $6,267,439 |
| 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 | $38,072,523 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Jackson Academy Inc has recieved totaling $800,736.
| Awarding Organization | Amount |
|---|---|
Ergon Foundation Inc Jackson, MS PURPOSE: CAPITAL CAMPAIGN | $600,000 |
Ergon Foundation Inc Jackson, MS PURPOSE: MIDDLE SCHOOL SCIENCE IMPROVEMENTS | $75,000 |
The Pruet Foundation Jackson, MS PURPOSE: UNRESTRICTED | $75,000 |
Ergon Foundation Inc Jackson, MS PURPOSE: GENERAL SUPPORT | $35,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $8,758 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $4,825 |
Endowment Analysis
| Beg. Balance | $5,819,465 |
| Earnings | -$581,907 |
| Net Contributions | -$615,535 |
| Ending Balance | $4,622,023 |
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 |