Shumway Academy Ltd
- Assets
- $140.5k
- Revenue
- $281.9k
- Investments
- $0.0
- Employees
- 19
- Location
- Rexburg, ID
- Founding
- 02/2002
- Data as of
- 12/2021
- EIN
- 82-0533885
Organization Overview
Shumway Academy Ltd is located in Rexburg, ID. The organization was established in 2002. 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 12/2021, Shumway Academy Ltd employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shumway Academy Ltd 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 12/2021, Shumway Academy Ltd generated $281.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.8% each year . All expenses for the organization totaled $248.9k during the year ending 12/2021. While expenses have increased by 27.9% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE AND MAINTAIN A PRIVATE SCHOOL IN MADISON COUNTY IDAHO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED AND MAINTAINED A PRIVATE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Delores Birch Vice Preside | OfficerTrustee | 1 | $0 |
Lacey Stoddard President | OfficerTrustee | 1 | $0 |
Hollie Anderson Director | Trustee | 1 | $0 |
Gina Booth Director | Trustee | 40 | $0 |
Brian Edstrom Director | Trustee | 1 | $0 |
Jalayn Edstrom Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $281,917 |
| Investment income | $6 |
| 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 | $281,923 |
| 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 | $176,900 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,683 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,203 |
| 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 | $1,883 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,098 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,988 |
| Insurance | $3,046 |
| All other expenses | $6,775 |
| Total functional expenses | $248,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,292 |
| Savings and temporary cash investments | $8,669 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $112,502 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $140,463 |
| Accounts payable and accrued expenses | $7,698 |
| 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 | $57,597 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $65,295 |
| Net assets without donor restrictions | $75,168 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $140,463 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Shumway Academy Ltd has recieved totaling $2,046.
| Awarding Organization | Amount |
|---|---|
Chc Foundation Idaho Falls, ID PURPOSE: CHARITABLE | $2,046 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Waterford School Holding Corporation Sandy, UT | $35,882,761 | $26,122,549 |
American Heritage Schools Inc American Fork, UT | $76,345,416 | $17,728,637 |
Dr Miriam And Sheldon G Adelson Educational Institute Las Vegas, NV | $45,249,882 | $16,559,222 |
Evergreen School Shoreline, WA | $54,109,732 | $18,688,724 |
University Child Development School Seattle, WA | $35,789,355 | $15,422,217 |
Seattle Country Day School Seattle, WA | $55,770,404 | $17,470,349 |
St Thomas School Medina, WA | $79,286,782 | $15,883,490 |
French American School Of Puget Sound Mercer Island, WA | $16,865,271 | $13,425,838 |
The Open Window School Bellevue, WA | $36,380,827 | $12,092,167 |
Gresham Arthur Academy Public Charter School Portland, OR | $14,718,484 | $9,208,791 |
Kings Way Christian Schools Vancouver, WA | $6,224,718 | $10,439,261 |
The Bertschi School Seattle, WA | $29,979,926 | $9,759,275 |